Now days, South Florida's flourishing real estate market regarded as a much safer choice to foreign billionaires than cash or stocks in weaker economies. A top investment firm Chief executive officer, Jeffrey Gundlach, was quoted in the Bloomberg News validating "huge growth at the high end" in Miami and New York real estate markets.
Recent colossal deals exhibit a current pattern. A couple of Miami penthouses at Faena House on Miami Beach and Mansions at Aqualinia located in Sunny Isles, each of them offered for at $50 million or higher, acquired buyers (most probably overseas purchasers) within the last few quarters or so. Particulars haven't been published. Nonetheless, either final sale will probably set the record for Miami's priciest condominium purchase.
A most recent closed sale on May 21st 2014 sale of Setai South Beach unit No. 3509 for $12,000,000 sets an all time record for the most expensive price per square foot actually sold in all Miami Dade County for an astounding $4,760. This magnificent and highly sought after one among only six 09-line oceanfront condos is located high on the thirty fifth floor and has 3 bedrooms, 3 bathrooms and 2,521 sq ft of living area with stunning vistas.
For billionaires that are able to afford to buy a property wherever and check out the Miami housing market with major areas like for example New York City, London or Moscow Miami, at about $5000 per sq . ft . is still a great deal.
The Miami Market as a whole is so sizzling hot at this time, that the Brickell and Biscayne corridor market place sounds like Dj vu circa the year 2006. The Miami Design district in addition has become the cutting edge it center. Developer Craig Robbins has made a new high end shopping destination with name brand tenants such as Cartier, Christian Louboutin, Hermes and also Prada for example.
Like the recently launched and sold-out Faena House, there've been other deluxe Miami Beach condos presented which have maybe a couple of condominiums still left . Most of these condos almost soldout at a rate that not a single person, including real estate professionals together with developers expected. Glass Miami Beach on world renowned Ocean Drive has one residence left listed for $7. 9Million also Beach House 8 has just two condo properties remaining BH 6 asking $7.75M and BH3 $5.95M.
Recent colossal deals exhibit a current pattern. A couple of Miami penthouses at Faena House on Miami Beach and Mansions at Aqualinia located in Sunny Isles, each of them offered for at $50 million or higher, acquired buyers (most probably overseas purchasers) within the last few quarters or so. Particulars haven't been published. Nonetheless, either final sale will probably set the record for Miami's priciest condominium purchase.
A most recent closed sale on May 21st 2014 sale of Setai South Beach unit No. 3509 for $12,000,000 sets an all time record for the most expensive price per square foot actually sold in all Miami Dade County for an astounding $4,760. This magnificent and highly sought after one among only six 09-line oceanfront condos is located high on the thirty fifth floor and has 3 bedrooms, 3 bathrooms and 2,521 sq ft of living area with stunning vistas.
For billionaires that are able to afford to buy a property wherever and check out the Miami housing market with major areas like for example New York City, London or Moscow Miami, at about $5000 per sq . ft . is still a great deal.
The Miami Market as a whole is so sizzling hot at this time, that the Brickell and Biscayne corridor market place sounds like Dj vu circa the year 2006. The Miami Design district in addition has become the cutting edge it center. Developer Craig Robbins has made a new high end shopping destination with name brand tenants such as Cartier, Christian Louboutin, Hermes and also Prada for example.
Like the recently launched and sold-out Faena House, there've been other deluxe Miami Beach condos presented which have maybe a couple of condominiums still left . Most of these condos almost soldout at a rate that not a single person, including real estate professionals together with developers expected. Glass Miami Beach on world renowned Ocean Drive has one residence left listed for $7. 9Million also Beach House 8 has just two condo properties remaining BH 6 asking $7.75M and BH3 $5.95M.
About the Author:
David Nguah is a regarded expert in the South Beach Real Estate market and has websites focused to the most sought after South Beach properties and residential neighborhoods delivering in-depth info on all condominiums listed for sale, lease and the most recent sales. See info on the record Sale at The Setai South Beach.
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