View the most up-to-date market reports. Take me there now! The year opened to a spectacular start as the combined neighborhood of Coral Gables and Coconut Grove reported record-high sales and record-low inventory for Q1 2021. With South Florida still being the market of choice for tax-conscious businesses and wealthy individuals, this pair of beautiful neighborhoods posted the highest quarterly sales seen in over 6 years. The Price per Square Foot too grew in response to this surge in demand. A look at Condoblackbook.com's overall Miami Luxury Condo Market Report for Q1 2021 further reveals that trends in this grouping were the same as the overall report. Sales, Prices, and Days on Market were higher year-over-year, while Inventory was at an all-time low. Read on for our exclusive and full-length analysis on how the collective neighborhoods of Coral Gables and Coconut Grove performed year-over-year as well as against the overall market.  For the purpose of this Miami submarket...

When most people think of a Miami penthouse, they think of skyscrapers in the middle of the bustling city. But what about a penthouse with almost 360 degree water views? Floor to ceiling windows looking over Miami’s Biscayne Bay? A bayfront building surrounded by acres of lush landscaping? And a 1,000 square foot private rooftop terrace? Penthouses come in all shapes and sizes, and this penthouse in Miami’s Upper East Side neighborhood is so unique, we had to showcase it. Featuring all of the details mentioned above, Penthouse 9E in the boutique condo building of Palm Bay Tower is a one-of-a-kind unit. With a distinctly European vibe, 3,500 square feet of open floor plan, an oversized master suite opening onto the huge private terrace, and a price of $2,050,000, this penthouse is a super rare find in Miami. First, let’s take a look at the neighborhood.  Why Choose Miami’s Upper East Side?  Sitting along Biscayne Bay, the Upper East Side provides the best of urban living with a...

It’s no secret that there’s money to be made in short-term vacation rental investments, particularly in a place like Miami, a year-round sunny location with great beaches, diverse cultures, internationally known cuisine, some of the most impressive condo buildings in the world. In fact, Airbnb rental hosts in South Florida (Miami-Dade and Broward counties) welcomed some 1.77 million guests in 2019, earning about $378 million in the process, up from 1.47 million guests and $315 million in earnings in 2018. And business is booming as more and more tourists visit South Florida yearly.  Miami a Top Pick for Airbnb Investment Ironically, while Miami is an ideal location for Airbnb investment property, Airbnb did not exactly encounter a welcome committee in Miami, and particularly in Miami Beach, where the local hotel industry wields lots of power and influence. In fact, the city of Miami Beach and Airbnb have been in litigation for a couple of years now. Property owners have been fined as...