Luxury Real Estate Archives - Rava Realty

America’s elite are getting wealthier, deals over $100M are back

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America’s elite are getting wealthier, deals over $100M are back

This year, the borough has recorded two sales over $100 million, the first since 2022. Recently, a penthouse at Vlad Doronin’s Aman New York sold for $135 million, following a $115 million sale at Central Park Tower.

Stock market gains and increasing wealth among the ultra-rich are driving these sales. By the end of last year, the top 1 percent’s wealth hit a record $45 trillion, largely due to stock holdings, which encouraged more spending.

The strength of the luxury market is unaffected by ...

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Dolce&Gabbana joins the Real Estate world

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Dolce&Gabbana joins the Real Estate world

In a recent announcement, Dolce & Gabbana, the renowned Italian fashion titan, has taken a bold step into the world of luxury real estate through a strategic partnership with the esteemed developer Michael Stern and his JDS Development Group. Dolce & Gabbana has unveiled plans for two exclusive residential ventures as part of this newfound venture.

The first development is set to grace the vibrant city of Miami, and this anticipated partnership is widely believed to be linked to JDS Development Group’s renowned 888 Brickell Avenue project, ...

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Cipriani penthouse asks a record price per square foot

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Cipriani penthouse asks a record price per square foot

A penthouse at Cipriani Residences Miami is seeking a record-breaking price per square foot in Brickell, Miami’s financial district. The four-bedroom, five-and-a-half-bathroom Penthouse 1 is listed for $16.2 million, equating to $3,333 per square foot. If sold at that price, it would surpass the previous record set by a tri-level penthouse at Una Residences, which sold for $17.75 million at $2,506 per square foot.

Developer Camilo Miguel Jr., founder and CEO of Mast Capital, highlights the growing demand for luxury amenities and world-class cuisine among buyers, especially with the influx of ...

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