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The World's Billionaires Are Buying Homes in Miami

January 18, 2018

According to Forbes, there are currently 51 billionaires living in Florida, with most of them residing in South Florida. Carnival’s Micky Arison, U.S. Secretary of Commerce Wilbur Ross Jr. and H. Wayne Huizenga are just some of the household names that call South Florida home. So, why are billionaires choosing to live in South Florida?

Location and climate have always been the big sellers when it comes to luxury real estate, but Miami developers are sweetening the deal with services and amenities you won’t find anywhere else south of Manhattan. There are rooftops with helipads at One Thousand Museum in downtown, a car elevator at the Porsche Design Tower in Sunny Isles Beach, where you can park your car right in your living room and much more.

Other developers have offered extravagant gifts to lure in buyers. At Regalia, the $39 million penthouse comes with a rare pink diamond valued at half a million dollars. At the Aston Martin Residences, which recentlyt broke ground in October, if you buy the $50 million penthouse you get a $2.5 million Aston Martin Vulcan as a gift from the developer—one of only 24 made in the world. The building already offers a double-level fitness center overlooking the ocean, spinning studio, boxing gym, virtual golf room, art gallery and two cinemas, as well as a full-service spa, beauty salon and barber shop.

In addition to spectacular amenities and jaw-dropping gifts, South Florida also offers a hefty dose of star power to the real estate scene. Derek Jeter is now in town running baseball and business operations for the Marlins, and those who can afford it will want to live the Jeter life. He celebrated his new gig alongside Diddy, DJ Khaled, Busta Rhymes and French Montana with a “Welcome to Miami” dinner at Dave Grutman’s high-end contemporary Southeast Asian eatery Komodo in Brickell.

Additionally, South Florida is home to some of the most expensive restaurants in the country, the nightlife scene is unlike anywhere else, arts and culture flourish around every corner and you can't forget about the miles of fantastic beaches. Miami has become the center of the universe for opulent living, and it’s a trend that doesn’t appear to be going anywhere.

Source: Ocean Drive

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