(data source: millersamuel.com)
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20
SEP
2023
SEP
2023
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Miami-Dade Contract Activity
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Billionaire Jeff Bezos, the third richest person in the world, reportedly paid $68 million to purchase a waterfront home in Miami’s Indian Creek Village, a guard-gated island north of Miami Beach.
The mansion Bezos reportedly purchased was built in 1965 and expanded in 1985. It spans nearly 9,300 square feet with three bedrooms and three bathrooms on a 2.8-acre lot.
Bezos will be among other billionaires on Indian Creek, including Tom Brady, Ivanka Trump and Jared ...
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18
AUG
2023
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AUG
2023
According to a new residential real estate report, South Florida apartment rental prices have come back to earth after two years of big annual pandemic jumps of 7% in 2022 and 25% in 2021.Median rents this year through July have only slightly increased by less than 1%, signaling a slowdown in the previously surging rental market.
The influx of new large apartment complexes in the region has contributed to the decline in rent hikes, adding competition to ...
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18
AUG
2023
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AUG
2023
The Italian designer is the latest fashion house to work with a developer on branded condos in South Florida, as it expands into real estate worldwide.
The development in Miami is likely JDS’ 888 Brickell project; the supertall, at 1,049 feet tall, could become among the tallest in Miami, with other towers also planned at that height.
The branded residences trend has boomed in South Florida, brands such as Porsche Design, Armani/Casa, Aston Martin, Missoni, Ritz-Carlton and others have ...
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21
APR
2023
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APR
2023
Rents are still high, for now
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The average asking rent in the Miami metro area was $2,141 in the fourth quarter of 2022, up 13.3% from a year earlier, per economic research firm Moody’s Analytics.
The big picture: Many would-be home buyers chose to rent longer last year, sustaining apartment demand. But folks are hitting their spending limit.
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For the first time in over two decades, households now have to spend 30% of their income on average rents.
The expected surge in supply could help bring down prices.
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Yes, but: Most cities will ...
20
FEB
2023
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FEB
2023
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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20
SEP
2022
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SEP
2022