Miami Archives - Page 5 of 16 - Rava Realty

Sellers of South Florida waterfront land are testing the market

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Sellers of South Florida waterfront land are testing the market

Looking to capitalize on South Florida’s booming waterfront mansion market, sellers of vacant waterfront lots in Miami and Miami Beach are listing their properties for prices that appear to bend reality. 

Sellers have been told that so many wealthy people are moving from California, Chicago and New York, big CEOs looking for properties like the billionaire Ken Griffin, who paid $106.9 million for a 4-acre Coconut Grove waterfront estate this summer.

But thanks to rising construction ...

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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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The first tower in Miami taller than 1,000 feet

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The first tower in Miami taller than 1,000 feet

The Waldorf Astoria is set to become the first ever tower in Miami taller than 1,000 feet (it will top off at 1,049 feet).

According to a representative of the developer, the Waldorf Astoria is planned to include: 205 hotel rooms and 360 residential units.

A groundbreaking ceremony took place earlier this month, and construction is now underway.

(source: thenextmiami.com picture: thenextmiami.com)

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Miamians are seeking true love…and shared rent!

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Miamians are seeking true love…and shared rent!

From the outside, Miami might seem like a city of sex-crazed partiers looking for superficial connections. But most of us are softies searching for true romance…and someone to split rent and utilities!

OK Cupid surveyed 2 million daters asking whether they were more interested in love or sex, and found that the majority of respondents in Miami chose love (73%).

Funny thing, 87% of respondents said they’d want to split the rent! A natural choice, as a one-bedroom costing $2,500, splitting that 50/50 with your lover would save about $1,250 each ...

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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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