Louis Vuitton CEO buys Miami Beach home
by Sep Niakan | January 28, 2014
|Allison Island and Michael Burke - Photo Credit: The Real Deal|
The CEO of Louis Vuitton, Michael Burke, recently purchased a home on Allison Island for $11.7 million. The one-acre estate features a guesthouse, tennis court, private dock, and approximately 200 square feet of waterfront. Burke, who plans to construct a new home on the site, purchased the property from Frank and Phyllis Bramson.
The original home, constructed by the Bramsons in 1962, is already in the process of being demolished. Although originally listed at $13 million, the reduced sales price marks the most expensive sale to date in Allison Island. Traditionally, property prices have not been as expensive in Allison Island; however, as land becomes increasingly more of a premium, prices have begun to surge.
by Sean McCaughan | August 17, 2018
Miami is a city of superlatives. It’s either the best of something or the worst of something else, which makes the city a pretty extraordinary place. Of course, many of these rankings are highly subjective, and it depends on who’s doing the ranking,...
by Sep Niakan | August 15, 2018
Edgewater is one of Miami’s most transformative neighborhoods, a place that seems to reinvent itself in every real estate boom. Just over ten years ago, Edgewater was a quiet, almost forgotten enclave with little for residents to do. Now there are a...
by Sean McCaughan | August 13, 2018
New York is one of the most expensive cities in the country, if not the world. If you’re looking to relocate to Miami, you’ll find a significant cost savings, and likely a raise in your standard of living even with an income cut. To take a...
by Sep Niakan | August 08, 2018
For those who love the ease and convenience of condo living, Miami is a paradise offering hundreds of luxury condominium residences to choose from, with ever more options and new constructions sprouting up daily. These posh new residences offer the...