Tag Archives: luxury real estate

Huge Raw Lincoln Road Triplex Penthouse Lists For $29M

Totally flaunting the traditional mold of the Miami luxury penthouse this 28,000 square foot triplex on Lincoln Road is not waterfront, completely raw inside, smack dab in the middle of South Beach, only on the 6th through 8th floors, and zoned for either residential or commercial use.

Listed for $29 million, an even $5 million less than that record breaking sale at the Marriott Edition, it comes with two ten-thousand square foot interior floors, the upper one with 14 foot ceilings, and an eight thousand square foot roof deck, which brokerbabble claims can be an “expansive garden, pool and/or entertaining area,” …assuming of course the building has been engineered to support the weight of a pool. Renderings of a possible buildout show a skylit atrium and staircase with a vertical garden, a large infinity pool, and soaring views across the rooftops of South Beach. The floating staircase is already there. But the absolute killer amenity is, of course “the option to purchase naming rights for the entire building.” Move in, and name it after yourself.

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Howard Chase is named “Best Looking Realtor/Best Personalized Service In Real Estate” in Miami Sun Post best of 2013!

Best Looking Realtor/Best Personalized Service In Real Estate
Howard Chase
Winners in two categories are rare and special things, but Howard Chase and his Howard Chase Real Estate warrant recognition for these distantly-related awards. Chase is deeply aware of the nuances of the local real estate market and he brings that knowledge to the table when tailoring personalized services for both buyers and sellers. He understands the effects of the recent economic downturn and works carefully and successfully with distressed sellers. A specialist in luxury condominiums, Chase offers innovative and practical marketing and promotional plans for sellers and works with buyers from all over the world looking to buy in numerous Greater Miami and the Beaches neighborhoods. All the personalized service is particularly welcomed when offered by Chase, a handsome a specimen as the real estate sector has to offer in South Florida.

http://miamisunpost.com/sunpost-best-of-2013/

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Miami ranks 8th luxury real estate market worldwide

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Miami’s luxury real estate market has blasted to the No. 8 spot among the top global locations, according a Christie’s International Real Estate report.

The Miami Herald reports that Miami had a high percentage of cash buyers, foreign buyers and second-home buyers that contributed to its inclusion on the list.

A 22,000-square-foot mansion in Indian Creek is the most expensive home to sell in Miami at $47 million.

Click through the slideshow included with this post for images of the mansion at 3 Indian Creek Drive.

Other cities included as top luxury real estate markets were Dallas, London, Hong Kong, San Francisco and New York.

Miami ranks 8th luxury real estate market worldwide. Retrieved from

http://www.bizjournals.com/southflorida/blog/morning-edition/2013/03/miami-ranks-no-8-luxury-real-estate.html?ana=twt.

 

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Miami area ranks among top global markets for luxury homes

The Miami area ranked eighth among the top 10 luxury real estate markets in the world in a report from Christie’s International Real Estate, putting it in a league with London, New York, Paris and Hong Kong, (but also Dallas and Toronto).

Miami-Dade placed high in the percentage of second-home buyers, cash buyers, and foreign and other non-local buyers, according to Christie’s, a luxury brokerage whose local affiliate is Esslinger-Wooten-Maxwell Realtors in Coral Gables.

The priciest home sold in Miami in 2012 was the spectacular bayfront estate at 3 Indian Creek Drive in Indian Creek Village, which fetched a record-setting $47-million.

The trophy property — a 10-bedroom, 14-bathroom resort-like project constructed along a series of pavilions — went to a Russian buyer, whose identity hasn’t been disclosed.

The Miami-Dade deal paled compared to the top residential sales last year in London ($121.2 million) and New York ($88 million).

“Fueled by strong interest from South American buyers, Miami had a high percentage of both international and secondary and additional home buyers,” the Christie’s paper said. In Miami, 45 percent of the luxury buyers were from out of town, including foreign buyers.

Greater Miami’s luxury homes are still a relative bargain: For the year ended Sept. 30, 2012, for Miami residences listed at more than $1 million, the average was $764 per square foot. The record price in Miami was $3,463 per square foot, the report said.

By contrast, in New York, the average price for properties over $1 million was $1,810 per square foot, and the record was $13,049 per square foot, the highest of any city.

The top end of the residential market moves to its own rhythm, according to the report. “Residential real estate is a tale of two markets — luxury and everything else,” Christie’s CEO Bonnie Stone Sellers said in the report. “Prestige residential will more likely follow growth trends in non-consumable luxury goods than trends in the general housing market.”

Miami, which has a shortage of inventory across all sectors of the residential market, ranked seventh among the top 10 cities in luxury inventory, with just 2,036 residential listings for more than $1 million as of Sept. 30, 2012.

London had 7,741 such homes, Côte d’Azur had 7,000 and New York had 4,100, the report said.

Miami area ranks among top global markets for luxury homes. 2013, March 4. By Martha Brainnigan. Retrieved from http://www.miamiherald.com/2013/03/04/3266784/miami-ranks-among-top-global-markets.html.

 

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