The Elser Hotel & Residences Miami, a 49-story new construction luxury condominium located at 398 NE 5th St., has successfully closed on $80 million in sales in less than 60 days. This immense sales volume marks the pivotal return of Latin American investment in South Florida, with 75% of sales coming primarily from Colombia, Mexico, and Chile, as well as the continued fervent demand for turnkey, new construction residences.
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Related Group, Two Roads Development and Rockpoint Reveal Rivage, Bal Harbour's First New Condo In Over A Decade
Industry leaders Related Group (Related), Two Roads Development and Rockpoint have revealed Rivage Bal Harbour (Rivage), a rare condominium property located in one of South Florida’s most exclusive enclaves. Made up of only 61 sky villas, the oceanfront development boasts an all-star design team, with Skidmore, Owings & Merrill (SOM) and Rottet Studio leading architecture and interior designs, respectively.
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Triple-Lot Waterfront Estate In Hallandale's Golden Isles Sells For Record $10 Million
An expansive triple-lot residence in the gated Hallandale community of Golden Isles located at 101 Holiday Drive sold for $10 million, setting a new benchmark for the neighborhood as the highest price ever paid for a single-family home. The sale also breaks the record as the highest price ever paid for a single-family home in the City of Hallandale. The highest previous record sale within Golden Isles closed in April of 2022 for $6,395,000.
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Upper PH 1
Casa Bella by B&B Italia Debuts Penthouse Collection In Downtown Miami
Casa Bella Residences by B&B Italia, which aims to bring the best of Italian design and lifestyle to Downtown Miami, has unveiled plans for the tower's dramatic penthouse collection that includes a pair of 54th-floor triplex residences with expansive rooftop terraces and Biscayne Bay views. Developed by Related Group in partnership with Alta Developers, the 56-story condominium tower offers 317 luxury residences.
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Miami Heat Star Tyler Herro Buys Pinecrest Mansion For Record $10.5 Million
Miami Heat star Tyler Herro has purchased the most expensive home on record in Pinecrest for $10.5 million. Located at 12900 SW 63rd Avenue, the transaction closed on December 28th and represents the highest price achieved to date in Pinecrest according to MLS data. Only eight other properties in Pinecrest have sold for $8 million or above.
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Bahamian Casino Mogul Sells DOMO-Designed Venetian Islands Mansion Developed by Todd Michael Glaser For $28 Million
A Bahamian casino mogul has sold his home at 830 W Dilido on the Venetian Islands which was originally developed by Todd Michael Glaser for $28.212 Million. Per public record, the seller is Diamond Seafront Group LLC, managed by Sebastian Bastian, CEO of Bahamian casino company Island Luck.
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PROFILE Guide: A Beginner's Guide To 1031 Exchanges
"In this world, nothing is certain except death and taxes," as the famous quote by Benjamin Franklin goes. But what if we told you that there's a way to potentially defer paying those pesky capital gains taxes on the sale of an investment or business property? Enter the 1031 exchange, also known as a like-kind exchange or a Starker exchange.
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Beyonce, Elton John and Guns N' Roses Former Manager Lists Penthouse Atop Brickell's Exclusive Santa Maria Bayfront Condo Tower For $15 Million
A rare two-story penthouse in Brickell’s exclusive Santa Maria condominium tower with stunning views of Miami's crystal blue waters and city skyline just hit the market for $15 million. The unit is owned by Merck Mercuriadis, the former manager of Elton John, Beyonce, & Guns N’ Roses, and owner of Hipgnosis, the music catalog that partnered with Blackstone Group.
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Pinecrest Spec Home Sells For Record $10.25 Million
A spec home in Pinecrest has just sold for a record $10.25 million which is the priciest sale ever in Pinecrest. The newly constructed home is located at 6155 SW 106th Street and spans 9,886 SF spread over 7 bedrooms and 8.5 bathrooms on a 1.06 acre lot. Angel Nicolas and Jose Nicolas with Compass represented the buyer, while Jo-Ann Forster with Compass represented the seller.
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Kobi Karp, Dan Kodsi, Katya Demina, Michael Simkins, Demetri Demascus and Dan Kaplan
Inside PROFILEconnect: The Evolution of Downtown Miami Into a Global Cultural And Business Hub
On Tuesday, November 15th, PROFILEmiami teamed up with PARAMOUNT Miami Worldcenter, Royal Palm Companies, PMG and E11EVEN Partners to host PROFILEconnect: The Evolution of Downtown Miami into a Global Cultural and Business Hub. PROFILEconnect is PROFILEmiami’s high-end bespoke networking event series, bringing together Miami’s real estate and business leaders
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