investment Archives - Page 3 of 7 - Rava Realty

Bal Harbour investor sells waterfront lot for $55M

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Bal Harbour investor Joseph Imbesi sold a waterfront property on the site of the former yacht club for $54.9 million. It was listed for $65 million.

The property features a 915-foot seawall, seven boat slips and has already been approved for a helipad. According to the listing, the docks can be demolished to make way for a super yacht.

Josep Imbesi acquired the site as part of a larger $19 million ...

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Work to begin on Miami Beach’s Tallest Building

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Terra, GFO Investments and New Valley plan to break ground this month on Five Park, a 48-story, roughly 280-unit tower at 500 Alton Road that will become the tallest building in Miami Beach at 519 feet upon completion in 2023.

Five Park will feature two-, three- and four-bedroom and penthouse condominium and multifamily units. “Building amenities,” the press release said, “will include an amenity deck with tw2o swimming pools, a restaurant, sunset viewing lounge areas, a resort-style spa, and a state-of-the-art ...

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Buying in South Florida? We have five tips for prospective new homeowners

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A favorable tax environment, company expansions, the trend of working remotely and, yes, the climate are drawing more residents from California, Chicago and states across the northeast.

Here are five tools and tips to makes the search easier:

▪ Set a realistic budget: Real estate experts recommend that buyers spend a maximum of three-and-a-half times their annual income on a home purchase. A household that earns a total of $100,000, for example, could spend up to $350,000 on a condo or house.

▪ ...

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Florida Saw The Second Highest Population Growth Of Any State Over The Past Year

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In just a single year ending in 2020, Florida’s resident population increased by 241,256, the agency said.

The data covers changes between July 2019 and July 2020. The figures were released on December 22.

Next year, those numbers could rise even faster as a result of thepandemic.

In the second half of the year, Miami’s real estate market rose to a new record high, with analysts saying that migration trends to Florida were accelerating as a result of covid-19.

(source: ...

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Fisher Island to receive new residences by 2025. Will there be enough demand?

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It’s official: Fisher Island is set for 57 new condos and 12 single-family homes.

The Miami-Dade County Commission approved a plan last week that would bring the total number of residences on the private, 216-acre island to about 800 condo units and about 20 single-family homes.

Construction of the new residences is slated to begin in 2022, with completion in 2025, according to Kobi Karp, founder and principal of the Miami-based Kobi Karp Architecture & Interior Design, project architect.

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