Record-Breaking Mansion Sale in the Florida Keys

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Record-Breaking Mansion Sale in the Florida Keys

Barstool Sports founder Dave Portnoy has set a new residential record in the Florida Keys, paying $27.8 million for a waterfront estate in Islamorada.

Located at 76180 Overseas Highway, the 1.7-acre property spans over 10,200 square feet of interior space with eight bedrooms and nine and a half bathrooms. Built in 2023, the compound includes a 7,600-square-foot main residence and a 2,700-square-foot guest house. The home features 150 feet of private water frontage, a dock, boat ramp, beach, and two pools.

The sellers, Tom and Caryl Donatucci, had purchased the land for $2.3 million in 2019. The sale surpasses the previous $23 million record in the Keys.

(source: The Real Deal, picture: Denys Kostyuchenko)

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Manhattan Market Pulse: March 2024

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Manhattan Market Pulse: March 2024

The contract activity, the number of signed contracts, for the month of February is up 8.6% compared to a year ago and down 5.7% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.04M, which is 1.2% lower than a year ago.

The supply, or the number of units on the market, is down 3.3% compared to March 2023. Meanwhile, the number of pending sales, or the number of units currently in contract, is 21.6% higher ...

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The Manhattan Market Pulse: February 2024

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The Manhattan Market Pulse: February 2024
The Contract Activity, the number of signed contracts, for the month of January is up 19.4% compared to a year ago and down 6% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.13M, which is 5.3% higher than a year ago.

The Supply, the number of units on the market, is down 4.3% compared to the same period of February 2023. Meanwhile, the number of Pending Sales, or the number of units currently in contract, is 43% higher than a year ago.

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The Manhattan Market Pulse: January 2024

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The Manhattan Market Pulse: January 2024

What’s going on in the Residential Market? 

The contract activity, the number of signed contracts, for the month of December is down 4.9% compared to a year ago and also down 18% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.16M, and it’s 3.2% up compared to a year ago.

The supply, the number of units on the market, is down 2.9% compared to the same period of January ...

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Foreign Real Estate Investment Dips to $5.1 Billion in 2023, Yet Market Share Remains Resilient

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Foreign Real Estate Investment Dips to $5.1 Billion in 2023, Yet Market Share Remains Resilient

Foreign buyers injected $5.1 billion into South Florida residential real estate this year, experiencing a $1.7 billion decrease from the 2022 total of $6.8 billion, as the Miami Association of Realtors reported. This dip reflects the overall cooling of markets after the pandemic-induced frenzy.

While both domestic and foreign purchases declined, international buyers maintained their South Florida market share at 18%, engaging in 6,200 home transactions. Miami-Dade accounted for 72% of the foreign buyer sales volume, totaling $3.7 billion, followed by Broward at $1.1 billion ...

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The Manhattan Market Pulse: December 2023

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The Manhattan Market Pulse: December 2023

What’s going on in the Residential Market? 

The contract activity, the number of signed contracts, for the month of November is down 5.3% compared to a year ago and also down 22% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.12M, and it’s 1% up compared to a year ago.

The supply, the number of units on the market, is down 3.4% compared to December 2022. While the number ...

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