Surf Club Four Seasons tops Miami-Dade’s weekly condo sales

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Surf Club Four Seasons tops Miami-Dade’s weekly condo sales

Miami-Dade County’s condo sales volume fell last week, while the average sale price rose.

Condo sales totaled $97.7 million, lower than the $119.8 million in sales from the previous week. The average sale price continued to climb, as it has for several weeks, reaching $913,000. That compares with $754,000 the week prior.

Prices for the top 10 sales ranged from $1.5 million to $21 million, compared with $1.8 million to $9.4 million the previous week.

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Coconut Grove estate sells for record $107M

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Coconut Grove estate sells for record $107M

Adrienne Arsht, a Miami businesswoman and philanthropist, sold her waterfront Coconut Grove compound consisting of two homes for $106.9 million, marking a record in Miami-Dade County.

The price is a 29 percent discount from the $150 million asking price from January, when the property hit the market. Still, it is the first time a residential sale surpassed the $100 million mark.

The deal beats the previous record in Miami-Dade, technology company InterSystems founder Phillip Ragon’s $93 million three-house purchase this summer in Golden Beach.

(source: therealdeal.com, picture: compass.com)

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Florida Is The Top Ranked State For Wealth Migration

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Florida Is The Top Ranked State For Wealth Migration

More wealth is moving into Florida than any other state by far, according to the WSJ.

The report used data on where taxpayers recently moved, newly released by the IRS.

In the most recent year (covering 2020 income), taxpayers with a net total of $23.7 billion in adjusted gross income migrated to Florida.

Texas ranks a distant second, with $6.3 billion in AGI gained for the year.

New York and California were the biggest losers, losing $19.5 billion and $17.8 billion in AGI for the year.

(source: thenextmiami.com)

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Fort Lauderdale Votes To Move Forward On Elon Musk Tunnel System Study

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Fort Lauderdale Votes To Move Forward On Elon Musk Tunnel System Study

Fort Lauderdale commissioners voted to approve moving forward on a feasibility study for an underground transportation system using a network of tunnels designed by Elon Musk’s The Boring Company.

The system will be known as The Olas Loop, and will initially run 2.7 miles.

It won’t be a traditional mass-transit system, but will instead use Tesla cars that will be open to the public, which will ride through the underground tunnels.

Initially, it is planned to run from downtown to the beach, with a trip expected to take just 3 minutes, at ...

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Miami April 2022 New Signed Contracts

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“Newly signed contracts for single families declined month over month for the first time in 2022. In addition, condo new signed contracts fell for the second time. However, the jump in mortgage rates took some of the edge off of still elevated demand, enabling seasonal expansion of new single family listings.”

(data source: millersamuel.com)

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The 2022 List Of Every Supertall Tower Currently Being Planned In Miami

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The 2022 List Of Every Supertall Tower Currently Being Planned In Miami

Developers are increasingly planning to build towers in Miami that will reach supertall status (above 300 meters, or around 969 feet), with the real estate market here among the hottest anywhere. And several supertall towers have been announced in recent months, all by top-tier developers.

Here below is the link to the complete article with the list of every supertall currently being planned in Miami. http://ow.ly/WRtc50IMqbr

(source: thenextmiami.com, ...

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