South Florida Real Estate Blog

Oceana Bal Harbour Secures a Construction Loan

April 29, 2014

In yet another sign of the resurgence of the Miami real estate market, the developers of Oceana Bal Harbour received a 332-million-dollar construction loan for the ultra-luxury oceanfront development. The exclusive project already has more than 350 million dollars of signed contracts and even more in other commitments, including reservations.

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Faena House Penthouse is Under Contract

April 25, 2014

A duplex penthouse at the Faena House with an asking price of 50-million dollars has gone under contract for an undisclosed amount. The sale is expected to set the record for the most expensive condo sale in Miami Beach. The current record was set in 2013 by a 27-million-dollar sale at the Setai.

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Miami Home Prices and Available Inventory Increased in March

April 22, 2014

The median prices of existing single-family homes and condos in Miami increased in March, despite growing inventory. The much-needed increase in inventory signals a more balanced market between buyers and sellers.

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Vacation-Home Sales Surge in the US

April 18, 2014

Vacation-home sales are booming again. The number of second-home sales in the United States increased by 30 percent last year. It was the largest gain since at least 2003, when the metric was first tracked.

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Residential Sales Continue to Increase in Miami

April 17, 2014

The Miami real estate market recorded the most first-quarter residential sales in the 8 years the Elliman Report has been tracking the metric. Sales in Miami’s coastal communities rose 3.9 percent to 5,133, on a year-over-year basis.

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Turnberry Ocean Club Planned for Sunny Isles Beach

April 14, 2014

Another new oceanfront condo tower is planned for Sunny Isles Beach. Turnberry Ocean Club will rise 52 stories and contain 150 exclusive residences. The luxury tower will be located at 18501 Collins Avenue.

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Adagio on the Bay Under Construction in Fort Lauderdale

April 10, 2014

In response to high demand, another new luxury condo building is under construction in Fort Lauderdale. Adagio on the Bay will overlook the Intracoastal Waterway and Hugh Taylor Birch State Park at 1110 Seminole Drive. The waterfront, boutique building will contain twelve 2 to 3-bedroom residences.

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Mansions at Acqualina Topped Off

April 8, 2014

The Mansions at Acqualina condo tower in Sunny Isles Beach has been topped off. At 649 feet, the ultra-luxury oceanfront tower is now the 5th-tallest building in Florida.

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