A penthouse at the oceanfront condominium building of the One Thousand Ocean in Boca Raton has been sold for $7 million. The buyer of the 4,628 square foot penthouse which is known as the sky is undisclosed. The unit has a 3-car garage, private poolside cabana, private elevator, and 2 terraces which is a total […]
Wealthy homebuyers are not buying the resales of Miami’s most prized properties. They are instead setting records on extravagant new penthouses. Duplex penthouses at Ian Schrager’s residences were sold for $34 million which is a new record in Miami. Schrager and other developers in South Florida are building new projects with exclusive amenities for the […]
Christian Slater bought a 3-bedroom home at 3618 St. Gaudens Road for $2.2 million. This is located in Miami’s Coconut Groove neighbourhood. This house was on sale in January. The original price was $2.59 million listed under Antonio Rios of Shelton and Stewart Realtors. Christian Slater is known in the black comedy “Heathers”. His representative […]
Los Angeles hotels are expanding in South beach after the SLS Hotel South Beach has been successfully opened last year.. This fall, the Redbury Hotel South Beach will be opening. Behind tis project is the Levy Restaurants founder, Larry Levy. This hotel will not be located near the ocean, but this 69room property will have […]
CondoVultures.com analysis of the 1st quarter of 2013 revealed that 600 new South Beach condos are not yet sold. These are the vestiges of South Florida’s last boom. The units are selling at an average of only 2 units per month as the prices increase. Compared to the fourth quarter of 2012, the average price […]
From rich to low-income,waterfront properties are bringing up sales prices in South Florida as inventory declines. Having distressed propertiesin particular, the rise in Miami-area sales prices accords with a severe decline in inventory, which dropped 24.7% since the same period a year ago. South Florida’s 37.8% share of the U.S. distressed property market is at […]
Prices of Palm Beach single-family homes soared over the past year, headed by a blast of luxury sellers looking to unload properties ahead of changes to the federal tax code. Prices averaged $5.03 million in the 6 months ending in March, a 78% gain over the $2.83 million average in the same period a year […]
Lil’ Wayne may lose the La Gorce Island home that hepurchased for $14 million in 2010. This is due to his production company, Young Money’s, bankruptcy owing $3.4 million in fines and legal fees. He may lose his South Florida assets, including the waterfront home and several expensive cars.
In Boca Raton’sOne Thousand Ocean, a unit at has sold to a secret buyer for $5.8 million. For a home re-sold,it netted the most expensive resale value at the LXR Luxury Resorts-developed project in less than 190 days.
The Edition, a 26-unit John Pawson-designed combination condo-hotel, is scheduled to open in 2014. The project highlights 26 condo units ranging from one-to-four bedrooms, on the top two floors of a 250-room hotel. $6 million was the prize of a 2,000-square-foot two-bedroom condominium in The Edition. The Edition launched sales in January. Last month, Coldwell […]