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.
The selling price of Setai South Beach residences unit 3509 for $12,000,000 set all time record for the highest value price per sf ever sold in all of the Miami Dade County at an astonishing $4,760.00. This unique, fabulous and very coveted and one among only six 09-line oceanfront condominiums located on the 35th floor features three bedrooms, three bathrooms, and 2,521 square feet with spectacular views of the ocean and city.
The most-recent large transactions at the Mansions at Acqualina in Sunny Isles Beach and Faena House on Miami Beach indicate to an ongoing wave. Both lavish and opulent penthouses were offered for sale at $50Million or higher, attained purchasers (probably international real estate investors) in the last few months. Details were not publicized; nevertheless, either purchase would undoubtedly set the record for Miami's priciest condominium purchase.
For billionaires that are able to pay for a house wherever and compare the Miami market to some other major areas e.g. New York City, London along with Moscow Miami, at about $5000 per square foot continues to a bargain.
Miami's housing market as a whole is extremely sizzling at this time, that Brickell and Biscayne corridor current market looks like Dj vu circa '06. The Miami Design district has additionally become the brand new it area. Developer Craig Robbins created a new luxury shopping destination with brand name tenants for example Cartier, Christian Louboutin, Hermes and Prada to mention a few.
Just like recently released and sold out Faena House, you can also find a few other high end Miami Beach condo properties announced which may have maybe one or two condominiums still left . These buildings practically soldout at a tempo which not a soul, including real estate professionals together with developers predicted. Glass Miami Beach on famous Ocean Drive has one residence left listed for $7.9Million and also Beach House 8 only has two condo properties still left BH-6 asking $7.75Million along with BH-3 $5.95Million.
The selling price of Setai South Beach residences unit 3509 for $12,000,000 set all time record for the highest value price per sf ever sold in all of the Miami Dade County at an astonishing $4,760.00. This unique, fabulous and very coveted and one among only six 09-line oceanfront condominiums located on the 35th floor features three bedrooms, three bathrooms, and 2,521 square feet with spectacular views of the ocean and city.
The most-recent large transactions at the Mansions at Acqualina in Sunny Isles Beach and Faena House on Miami Beach indicate to an ongoing wave. Both lavish and opulent penthouses were offered for sale at $50Million or higher, attained purchasers (probably international real estate investors) in the last few months. Details were not publicized; nevertheless, either purchase would undoubtedly set the record for Miami's priciest condominium purchase.
For billionaires that are able to pay for a house wherever and compare the Miami market to some other major areas e.g. New York City, London along with Moscow Miami, at about $5000 per square foot continues to a bargain.
Miami's housing market as a whole is extremely sizzling at this time, that Brickell and Biscayne corridor current market looks like Dj vu circa '06. The Miami Design district has additionally become the brand new it area. Developer Craig Robbins created a new luxury shopping destination with brand name tenants for example Cartier, Christian Louboutin, Hermes and Prada to mention a few.
Just like recently released and sold out Faena House, you can also find a few other high end Miami Beach condo properties announced which may have maybe one or two condominiums still left . These buildings practically soldout at a tempo which not a soul, including real estate professionals together with developers predicted. Glass Miami Beach on famous Ocean Drive has one residence left listed for $7.9Million and also Beach House 8 only has two condo properties still left BH-6 asking $7.75Million along with BH-3 $5.95Million.
About the Author:
David Nguah is a regarded expert in the Miami 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.