Douglas Elliman released their Q1 2019 Market Reports in South Florida.The South Florida Market reports showed price trends generally edging higher, although sales slipped and inventory slightly increased this quarter. The markets included Miami Beach and Barrier Islands,Fort Lauderdale , Boca Raton, Highland Beach, Delray Beach, Wellington, Palm Beach, Jupiter, and Palm Beach Gardens.
South Florida’s award-winning architectural and branding firm, ArquitectonicaGEO, has been appointed to spearhead a multi-million dollar renovation project for the grounds of Continuum on South Beach, starting in May and anticipated to last between 18 and 24 months.
Situated on Miami Beach’s Di Lido Island on Miami’s luxurious Venetian Islands, award-winning architects Choeff Levy Fischman designed one of its newest luxury Tropical Modern residences with a rare post-tension structural system.
Avra Jain, developer and Founder of The Vagabond Group, has sold her Venetian Island home for $7.5 million to California buyer, Mark Moses, CEO and Founder of CEO Coaching International. The property was completed in March 2019, it was been fully renovated with impeccable designs by Nandez D&D and features state-of-the-art smart home appliances.
Multiplan Real Estate Asset Management has broken ground on 57 Ocean, an ultra-high-end, 18-story boutique condominium on Millionaire’s Row in Miami Beach. Designed by Bernardo Fort-Brescia of Arquitectonica with interiors by Brazilian designer Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean is already being singled-out by high-end buyers worldwide.
Famed Musician and Producer Partners Emilio and Gloria Estefan have listed 1 Star Island Drive, a coveted Miami Beach estate located on the prestigious Star Island. Priced at $32 million and listed with RelatedISG International Realty, the sprawling residence sits atop 58,332 SF of prime waterfront land.
57 Ocean, the ultra-high-end oceanfront residential project by Multiplan Real Estate Asset Management on Miami Beach, has revealed new renderings just weeks after opening its state-of-the-art-on-site sales gallery in anticipation of the projects April 4 groundbreaking.
Miami Beach’s historic Seymour Hotel has sold for $2.2 million after being on the market for 5 weeks with a closing in just 30 days. Designed by famed art deco Architect B. Kingston Hall in 1936, the tropical art deco building features 17 rooms, 12,414 SF total, and is in the center of the nation’s only historic district composed entirely of twentieth-century structures.
6010 North Bay Road, a new, contemporary waterfront estate in one of Miami Beach’s most prestigious enclaves, has sold for $17 million. The ultra-high-end residence, which was completed in January 2018 by New York developer Peter Fine and his South Florida’s affiliate, To Better Days Development, sold within a year of its listing date and garnered the highest priced sale for North Bay Road since 2017.
Monad Terrace, Pritzker Prize-winning architect Jean Nouvel’s first built work in Florida, has officially topped off. Monad Terrace completes Jean Nouvel’s vision for an artfully designed building that responds to the surrounding natural elements.
A partnership between Todd Michael Glaser, Jarrett and Sean Posner, Fred Carlton and Charlie Ratner have proposed a 15-acre mixed use project known as West of West District in South Beach. The project is designed by DOMO Architecture + Design and is located between Bay Road and Alton Road and 13th Street and 16th Street on Miami Beach.
Monaco Yacht Club & Residences, a new luxury Bayfront condominium by Optimum Development USA on Miami Beach has officially launched sales. In collaboration with two of the most esteemed names in design, Piero Lissoni and international architecture firm Arquitectonica, the nautically themed, 12-story boutique project will feature 39 luxurious waterfront residences.
73 Palm Ave. located on Miami Beach’s prestigious Palm Island and designed by Choeff Levy Fischman, has been sold for $24.57 million. The tropical modern mansion offers 9-bedroom and 10.5-bathrooms spread over 14,200 SF with a large rooftop terrace and water views.
An iconic Miami Beach mansion on the prestigious Pine Tree Drive which is surrounded by a zoo of art has hit the market asking $9.9 million. The classic home was built in 1938 and is a Mimo architectural masterpiece given a modern twist with decorative animal sculptures matched with colorful interiors and designs by renowned architect Igor Polevitzky.
One of the largest non-waterfront properties in Miami Beach has hit the market with 4 combined lots, offering nearly 40,000 SF of space on the prestigious North Bay Road and asking $5.995 million. The home is a classic masterpiece offering 7 bedrooms and 5.5 baths
Douglas Elliman has released their Q4 Market Reports for South Florida, produced in conjunction with Miller Samuel a leading independent appraisal firm. The South Florida Market continued to show power in prices, continuing to increase in both the luxury and overall markets across nearly all markets including Miami Beach and Barrier Islands, Fort Lauderdale, etc.
Brazilian billionaire developer Jose Isaac Peres of Multiplan Real Estate Asset Management, has proposed 312 Ocean Park in South Beach’s South-Of-Fifth neighborhood. 312 Ocean Park will be a luxury, boutique condo building located at 304 and 312 Ocean Drive, the 11,500 SF lot vacant lot across from Marjory Stoneman Douglas Park.
A new architectural masterpiece on the Venetian Islands with views of Downtown Miami and stunning landscaping by L&ND Design has just hit the market $22,500,000. The home features the last and only city approved rooftop terrace with elevator access, leading to a 2,300 SF outdoor space featuring a summer kitchen, covered dining and outdoor shower.
Miami Beach commissioners have officially voted in favor of finalizing the proposed deal with Crescent Heights and its co-founder Russell Galbut to redevelop the former South Shore Hospital site on Alton Road in South Beach.
You can now become DJ Khaled’s neighbor on Pine Tree Drive for $13.75 million. The classic estate located at 4745 Pine Tree Drive in Miami Beach has not shortage of celebrity neighbors including Floyd Mayweather & DJ Khaled, who just recently purchased a house a few doors down.
Eighty Seven Park by Renzo Piano Building Workshop has revealed its penthouse in record breaking fashion. Priced at $68 million, the penthouse is unlike any other property on the market and is 2018’s most expensive home in Miami.
Miami Beach has struck a deal with Crescent Heights co-founder Russell Galbut to bring a 3 acre park to Alton Road in exchange to allow Galbut to up-zone the old South Shore hospital site in South Beach.
Miami Beach’s newest, ultra-luxurious mega-mansion has been unveiled by EWM Realty International top-producer and Senior Vice President Nelson Gonzalez. The newly-completed modern masterpiece has been designed to offer the ultimate in waterfront living and year-round entertainment.
Barry Sternlicht’s Starwood Capital Group has proposed a 6-story office building designed by Gensler on Collins Avenue in Miami Beach. The proposal calls for 136,342 SF of Class A Office Space and 8,088 SF of retail as well as 305 parking spots.
DJ Khaled spent the day in this luxurious mansion in Magic City. Khaled relaxed in a $34.5 million waterfront Miami Beach mansion on Ritzy Hibiscus Island featuring 5 bedrooms, a home theatre and dock fit for a yacht (or a fleet of jet skis).