900 Biscayne Bay is one of the most luxurious condo in Downtown Miami real estate. The amenities and the floor plans of the units were designed in order to create a new standard in luxury condominium living. Each unit has a magnificent view of the Biscayne Bay and the Ocean. Read the rest of this entry »
Gorgeous corner unit at the Yacht Club at Portofino for $550,000 :
Last year, the Icon Brickell was the perfect example of the floridian market during the crisis. Banks were foreclosing on 2 of the 3 towers, investors cancelling their preconstruction contracts.
Today three-quarters of the units have sold. The banks had forecasted 3 years to achieve the sales of all the units but 18 months were sufficient. Most of the buyers are Brazilians and Argentineans. Read the rest of this entry »
Bet on Miami Real Estate.
Billionaire investor Jeff Greene predicts that it’s a great time to invest in Miami real estate. According to him, there isn’t going to be a specific turn around date but rather a constant increase in prices within the next four years. People are going to look back at 2011 saying that it was the best time to buy Miami condos.
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A total of $7 million worth of condos were sold at the W South Beach just during the month of May. Opened two years ago, it managed to sell 128 units for a total of $215 million. David Eldestein, the developer and resident of W condo hotel noticed that 63% of buyers are foreign buyers and most of them are from Brazil. Eldestein lives most of the time in New-York but it’s the first time he uses one of his development as second home, a $3,5 million penthouse duplex with a private roof deck.
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Just visited the new 24th & Collins, previously named the Gansevoort. Prices are almost half of what they were. They now start in the $650/sqft. Studios, 1, 2 and 3 bedrooms are available. The location is great, the amenities are wonderful. Only disappointment is that the windows are not hurricane proof so they installed shutters on every balcony. Check it out on my website here.
Miami Real Estate Blog 