Miami Condo Market and Lifestyle Updates

Lifestyle

Eviction Alert! Last Chance to Grab a Bite in Edgewater’s Historic S&S Diner

by Sep Niakan | September 11, 2016

We all know that Miami’s become hot property with lots of global investors eager to grab a chunk. While this is definitely great news for the real estate community, it is sad news for historic places that literally get bulldozed by progress....

Real Estate News

Billionaire Ken Griffin Selling His Record-Breaking Penthouse for $73 Million

by Sep Niakan | February 09, 2016

Ken Griffin, billionaire hedge funder, is putting his $60 million penthouse unit at the Faena House back on the market just months after purchasing it. Griffin purchased two units in hopes of combining them, but never did. His penthouse unit...

Real Estate News

Buy Your Own Eco-Friendly Island in the Florida Keys for $8.6 Million

by Sep Niakan | January 22, 2016

$8.6 million could buy any luxury buyer a penthouse suite in a condo tower, or it could buy an eco-friendly private island. The island off the coast of Florida, near Marathon, called “East Sister Rock,” is on the market for $8.6...

Real Estate News

Former Matheson Estate, Known as the Mashta House, Sold for $47 Million

by Sep Niakan | January 21, 2016

One of the iconic properties in South Florida, known as the Mashta House, has sold for $47 million recently. That price ties for second place on the list of most expensive residential properties sold in Miami-Dade County history. The former...

Real Estate News

Pine Tree Drive Mansion in Miami Beach Sells to an Anonymous Buyer for $19.5 Million

by Sep Niakan | January 18, 2016

A high-end mansion traded hands in Miami Beach, selling for $19.5 million, but the buyers did not want the publicity. The 11,500 square-foot mansion, located at 4395 Pine Tree Drive, was sold to a legal entity named Pine Tree Irrevocable Trust....

Real Estate News

Over $41 Million in Profit for Mail Carriers Union in Design District Sale

by Sep Niakan | January 12, 2016

Way back in 1963, the mail carriers union purchased a plot of land in the Buena Vista neighborhood for $130,000. That plot has recently sold for, well...quite a bit more than that. The union purchased the property for $130,000 and invested...

Real Estate News

Residential Cooperative Auctioning Off Their Building, Starting at $26 Million

by Sep Niakan | December 30, 2015

A residential cooperative has convinced its members to auction off their Miami Beach building. As per the cooperative’s bylaws, at least two-thirds of the members voted to sell the building. The bidding will start at $26 million....

Real Estate News

Ritz-Carlton Mega-Penthouse Unit under Contract for $21 Million

by Sep Niakan | December 28, 2015

A certain buyer, who has remained unnamed, purchased an unfinished waterfront condo in the Sunny Isles Beach area for $21 million. The unnamed buyer strung two units at the Ritz-Carlton Residences together on the 51st story, making one 7,735...

Real Estate News

The Melo Group Is at it Again, Buying a Whole City Block for Up to 2,000 Rental Units

by Sep Niakan | December 23, 2015

The Melo Group has accumulated an interesting chunk of land in Miami, just down the road from the Museum Club hotel and shooting range. Miami Plaza, LLC, a company affiliated with the Melo Group, purchased 35,300 square-feet of land, which is...

Real Estate News

Uruguayan Businessman Secretly Purchased an Entire Block of Miami Land

by Sep Niakan | December 22, 2015

A businessman from Uruguay has been acquiring properties near the Omni, assembling almost an entire square block. Enrique Manhard and Vivane Sasson de Manhard, the owners of 17th & Second Avenue Properties Corp, have recently purchased and...