July 27, 2017
Missoni Baia is scheduled to break ground sometime in September. Designed by Asymptote Architecture, the much-anticipated, 57-story tower is destined to become a Miami landmark. Missoni Baia aims to capture the innovation and imagination of its legendary namesake.
July 21, 2017
The developers of Fort Lauderdale's AquaBlu condo development recently secured a 17 million-dollar construction loan. Construction on the 17-story tower began in 2016, and contractors are currently in the process of pouring the 12th floor. AquaBlu is approximately 70-percent sold out, and building completion is scheduled for 2018.
July 18, 2017
In the resale market, we are seeing an increase in inventory and an extended number of days on the market. The longer a condominium stays on the market, the more antsy sellers become to unload their property. The sampling below outlines the average number of days on the market for the active listings in these select fine properties. It is currently averaging close to 6 months. Furthermore, the number of sales in a year in each of these buildings is dramatically low.
July 14, 2017
Investors, take note! Luxury condominium inventory is building up in new construction buildings in South Florida. There have been several, ultra-luxury, new construction buildings that have recently been completed and buyers have closed. We have found motivated sellers in the finest buildings all along the coast.
July 13, 2017
Construction on 3550 South Ocean in Palm Beach began this week. The 7-story, 30-unit development is the first oceanfront residential development to be built in Palm Beach in more than a decade. Presales at 3550 South Ocean are currently at 20 percent, with the luxury condominiums priced from 1.875 million dollars.
July 11, 2017
A penthouse at Auberge Beach Residences & Spa in Fort Lauderdale sold for a record-breaking 9.5 million dollars. It is the first condominium residence to sell for over 9 million dollars in Broward County. The old record was set by a slightly smaller residence in the same luxury development in April 2016. Both sales are a true testament to the immense desirability of Auberge Beach. It is the finest oceanfront development ever built on Fort Lauderdale Beach.
July 6, 2017
Wealthy Brazilians are once again purchasing real estate in Miami after a 2-year hiatus. Thanks to a stabilized Brazilian economy, interest in Miami real esate has increased this summer. Brazilians are looking to take advantage of the current economical climate and protect their money by buying international real estate.
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