RECORD-BREAKING REAL ESTATE IN MIAMI IN 2019
We may just be a few months in to the New Year, but already Miami Beach real estate records have been broken. This may not come as a surprise, given the buoyancy of the Florida market in recent months.
Known for its luxurious estates, Miami Beach properties are again making headlines. This time, with one of the most sought-after waterfront homes in Miami – 3 Indian Creek Island Road – which sold in February this year for a whopping $49.9 million. In doing so, it sets a new record price for a single-family home in the county of Miami-Dade. It beats the previous record-sale in the county, which sold for a sizeable $47 million in 2012.
Modern condos in Miami Beach are known for their superior price tag. The Indian Creek property is usurped only by a penthouse in Faena House which sold for $60 n Miami Beach four years ago – the highest estate price recorded in the County to date.
Record Breaking Residencies
A metropolis like no other, Miami is surrounded by water, beauty and an all-year round welcoming climate. Coupled with its excellent transport links and location for transatlantic business, it offers the complete package for investors of any kind.
The epitome of a modern condo in Miami beach, this latest record-breaking sprawling estate, offers 10 bedrooms and 14 bathrooms, set in 30,000 square feet.
The world-class mansion has considered every modern convenience, as you’d expect. This includes a 3D theater and recording studio for all your entertainment needs. Private pools are dotted throughout, second only to its rooftop bar and Jacuzzi for unwinding, and there’s a glass-enclosed waterfront gym for working out with a view. Catering to your every whim, there’s even pink sand shipped in from the Bahamas, furnishing its private outdoor beach!
Miami beach real estate is famed for its prestige and modern design. With the added benefit of its geographical location, luxury properties can also offer private docking – a real bonus for the ultra-rich, with gateways to offshore destinations.
Residing in the wealthy neighbourhood of Indian Creek Village, this record-breaking property is in good company. It’s said to be one of the most exclusive places in the world to live, with a population of just 86 inhabitants in 33 homes.
North of Miami Beach and south of Bal Harbour, the jet-set paradise has been dubbed ‘Billionaire Bunker’. Home to the rich and famous, some of its notable residents include; crooner Julio Iglesias, supermodel Elle McPherson and family, and hedge funder Eddie Lampert. Plus, famous ex-residents include Beyonce and Jay-Z, no less!
Where Money Floats!
This latest acquisition highlights the growing demand for Miami Beach real estate. Latest figures suggest there is no sign of a slowdown either; sales in Miami-Dade County have increased by 15.2 per cent in 3Q 2018 according to recent reports.
This is particularly pronounced in the luxury market, where Miami luxury homes are up 27.9 per cent. This accounts for properties in the $1 million and above category. High supply in this sector continues to keep up with demand for upscale properties.
Villazzo Realty can help you with building, buying and investing in ultra-luxury properties. For more information, get in touch with our dedicated luxury real estate agent today.