Miami is all about water. So while waterfront properties are still popular, condo buyers are now upping the ante. These days, they are looking for resort-style perks like those of the two-and-a-half-acre Continuum South Beach, with its restaurants, private beach club and private tennis clubs.
Buyers are also increasingly enticed by more than just proximity to the beach. For instance, there’s a boat dock at Iris on the Bay where people have access to boating, kayaking, paddleboarding or rowing.
Another …
by Riccardo Ravasini International buyers accounted for $6.1 billion or 36 percent of South Florida’s home sales in 2015, according to the recently released report by the Miami Association of Realtors and the National Association of Realtors. From September 2014 to August 2015, foreign buyers picked Florida above other states when buying homes. Venezuela, Brazil, Argentina, Colombia and Canada accounted for 62 percent of those sales.
The survey covers Miami-Dade, Broward, Palm Beach and Martin counties, finding that Florida leads the country with …
by Riccardo Ravasini Long lurking in Miami’s shadow, Fort Lauderdale or Broward County is becoming a hot commodity as it is looking like a bargain to buyers priced out of Miami. For example: Two-bedroom, 2,000-square-foot condos at the Four Seasons in Fort Lauderdale are going for under $3 million, while two-bedroom, 2,500-square foot units at the Four Seasons Surf Club in Miami Beach have been selling for $6 million.
Land is cheaper on essentially the same beach, and developments, as a result, are …
by Riccardo Ravasini The sub-section of the Upper West Side, facing the Hudson River between 59th St. and 61st St., used to be nothing but train tracks, and then for a long time it was a much-delayed development site. Now, the Riverside Center mega development has approved permits for over 1,000 new residential units, making the Lincoln Square neighborhood surrounding it the fastest-growing in Manhattan.
In total, the five-building project that will be built over several years is slated to include 2,500 residential …
by Riccardo Ravasini Extell is one of the developers that is planning to capitalize on the strength of the market segment $1 million to $3 million; all the 815 condo units at the yet-to-be-built One Manhattan Square will be priced in this range.
Few weeks ago the attorney general approved the plans for this new condo tower that will rise downtown, just north of the Manhattan Bridge @ 250 South Street. This is a very large project, the forecasted $2.1 billion sellout is …
by Riccardo Ravasini Properties between $1 million and $3 million are flying off the shelves. As prices rise across the board, this category is absorbing a growing number of buyers who are finding themselves priced out of more expensive apartments. And the majority of buyers in this range know that they need to act fast because there is a line of competing buyers who will grab the property if they don’t.
However, higher up on the ladder — in both the $3-million-to-$5-million range …
by Riccardo Ravasini