$50 Million Dollar Penthouse Breaks Records in Miami Beach

A super-luxe penthouse condo at the very top of Miami Beach's Faena House that was listed for $50 million is in contract, making it the most expensive condo ever sold in Miami Beach, according to The Wall Street Journal.

Though the identity of the buyer and closing price were not disclosed, the agent who represented the buyer told the WSJ that "his client liked the privacy afforded by the fact that the building is relatively small—47 units—and that the penthouse has a rooftop pool."

The Faena House, an 18-story condominium tower that sits on Miami Beach's widest stretch of white sand, was developed and built by Argentina's Faena Group. It contains 47 residences, but the penthouse, with panoramic views of the beach, bay and downtown skyline is by far the most luxurious.

The penthouse has five bedrooms, two custom kitchens, as well as a private interior elevator. The property also contains breathtaking features such as a 70-ft infinity pool and an additional 7,000 square feet of exterior space.

Read more: Business Insider

Published by Analou Manent - Agent Immobilier a Miami Beach

Les Europeens aiment acheter de l'immobilier a Miami Beach

Miami et Miami Beach, reste l'endroit de preference des Investissements Immobiliers des etrangers. Fort Lauderdale est leur deuxieme choix.

Foreigners responsibile for a fifth of Florida home sales

Miami and Miami Beach remained by far the favorite spot for international buyers, totaling 31.3 percent of all sales, with Fort Lauderdale coming in second with 11.6 percent

by The Miami Herald - Posted on Tuesday, 08.28.12

Foreign buyers, long credited with breathing life into Florida’s real estate market, spent $10.71 billion during the year ended June 30, accounting for 19 percent of total residential sales volume, according to a study by Florida Realtors.

Miami and Miami Beach remained by far the favorite spot for international buyers, totaling 31.3 percent of all sales, with Fort Lauderdale coming in second with 11.6 percent.

Non-resident Canadians accounted for 31 percent of foreign purchases, down from 39 percent last year, but remained the No. 1 nationality to buy in Florida, the report said. Brazilians ranked No. 2, totaling 9 percent of purchases, up from 8 percent last year.
     
Buyers from Latin America and the Caribbean together made up 35 percent of all foreign purchases, while Western Europeans amounted to 22 percent, down slightly from 23 percent a year earlier.

Some 82 percent of foreign sales were all cash, down from 86 percent in 2011, said the study. which noted many foreigners have trouble getting mortgages in the United States because of a lack of credit history.

“Among recent foreign buyers in Florida, the use of mortgage financing was much less frequent than the overall national average,’’ the study said. “Overall, 17 percent of foreign buyers reported financing their purchase with a mortgage.’’
By contrast, 87 percent of U.S. homebuyers used mortgage financing, according to data from the National Association of Realtors.

Among Brazilians, 49 percent picked a place in Miami-Dade, with Fort Lauderdale emerging as their next favorite spot, with 18.6 percent share, the report said.

Canadians bought across the state, with the Bradenton-Sarasota-Venice area ranking as their favorite with a 14.4 percent share, followed by the Miami-Fort Lauderdale area with 12.9 percent, and Naples-Marco Island area with an 11.9 percent share.

Buyers from the United Kingdom totaled 5 percent of all foreign purchases, down from 7 percent in the year-earlier period.  Les Europeens aiment acheter de l'immobilier a Miami Beach... lire la suite

Read more here: http://www.miamiherald.com/2012/08/27/2970956/foreign-buyers-still-love-florida.html#storylink=cpy#storylink=cpy

Read more here: http://www.miamiherald.com/2012/08/27/2970956/foreign-buyers-still-love-florida.html#storylink=cpy#storylink=cpy

by Analou Manent,  Agent Immobilier Miami Beach

The Most Expensive Real Estate in Miami Beach.....

$ 30,000,000.00
Oceanside #7413, Fisher Island

5 Beds / 5 Baths
7,696 sq ft - 720 m2

Fisher Island's Most Exclusive home is now available for sale. the home is being offered fully turnkey inclusive of artwork and sculptures(detailed inventory upon request). 5 themed bedrooms, in balcony jacuzzi & infiniti pool, bar/wine cellar and conference center. video conferencing capabilities with a tandberg 6000 mxp system. All tv's are hd with multipe entertainment sources such as directv and dvd. audio request system through the unit contains over 40,000 songs from over 3,000 artists This property features 5 beds, 5.5 baths with 7696 s.f. of indoor space.


$ 29,500,000.00
40 Star Island Dr.,Miami Beach

7 Beds / 6 Baths
9,854 sq ft - 930 m2

Majestic main residence & 2 guest houses w/ 9,854 SF repose on lot spanning over 2 acres of guard-gated Star Island; home to stars and business moguls. Its opulent old world charm are abundant w/ sublime architectural details in every room. Endowed with Fine wood, marble, stone floors, fireplace, vaulted ceilings & french doors. Picturesque landscape bestowed w/ unheard of 330' of waterfront, dock, gazebo/entertainment area, resort-style pool & fountains. Truly magnificent for the most demanding client. This property features 7 beds, 6 baths with 9854 s.f. of indoor space.


$ 29,000,000.00
Continuum South Tower #3603, Miami Beach

7 Beds - 7.5 Baths
8,229 sq ft - 785 m2

Breathtaking panoramic views of Oceans Horizon through floor to ceiling glass.. throughout. This one of a kind residence has combined 3 units to make this incredible palace in the sky. Exclusive custom lighting, private elevator lobby opens to a fountain. AMX customized security, audio and video network w/ personalized touch panels in each room. State of the Art home theater. A true masterpiece that indulges every desire. This property features 7 beds, 7.5 baths with 8229 s.f. of indoor space.


$ 28,000,000.00
420 Harbor Drive, Key Biscayne

5 Beds / 7.5 Baths
8,751 sq ft - 835 m2
Magnificient Modern House on the beach project to be be built. European style Gourmet kitchen / 2 living rooms and Ultramodern Baths. Breathtaking view of the Atlantic Ocean. This property features 5 beds, 7.5 baths with 8751 s.f. of indoor space.



$ 18,770,000.00
4855 Pinetree Drive, Miami Beach

6 Beds / 6.5 Baths
10,383 sq ft - 985 m2
Unique Mediterranean Mansion, magnificently restored. Gracious roooms provide wonderful gathering & entertainment areas, dramatic living room, fireplaces, open wet bar, pool table. State of the Art media room, Fine Marble and Granite, original Wood ceilings with decorative paintings, outside patio, Mini Golf, separate guest house 2 bed/2 baths. 100 feet of Waterfront with dock/lift. Incredible views. This property features 6 beds, 6.5 baths with 10383 s.f. of indoor space.



$ 17,950,000.00
3114 Bay Road, Miami Beach

7 Beds / 8.5 Baths
8,876 sq ft - 845 m2

New construction, to be completed 2012. Modern two story, most rooms have views of wide bay, sited on prestigious North Bay Road. 1/3 of property is dedicated to the arrival, auto courtyard/parking/garage. A foyer entry, library, great room, double master suites w/magnificent vistas,media/safe room arranged as a sculptural piece extending over arrival area, guest & staff rooms.Cabana, exercise rm, outdoor roof area w/Jacuzzi and more.... This property features 7 beds, 8.5 baths with 8876 s.f. of indoor space.


$ 17,000,000.00
Continuum North Tower #3202/3, Miami Beach

5 Beds / 5.5 Baths
5,329 sq ft - 510 m2

Brand new 5 Bedrooms - 5.5 Baths - 2 Master Suites - and a cabana All included in the most sought after spectacular oceanfront Luxury condominiumn"CONTINUUM ON SOUTH BEACH" North Tower. Sepctacular Flow through views throughout entire unit. Formal Dining Room, Formal Living Room, separate Family Room. 3 Private Parkings Spaces. This property features 5 beds, 5.5 baths with 5329 s.f. of indoor space.


$ 16,990,000.00
40 Palm Avenue, Miami Beach

9 Beds / 13 Baths
19,000 sq ft - 1820 m2

This property features 9 beds, 13.5 baths with 19000 s.f. of indoor space.
Incredible waterfront property.



$ 16,900,000.00
2 Indian Creek Drive, Indian Creek

8 Beds / 8.5 Baths
20,986 sq ft - 2,075 m2

Exclusive 2-Acre Site on private Indian Creek Island, 200' on wide bay where you can enjoy complete privacy, fully secured world class golf club community protected by its own dedicated police force/boat patrol. Stunning residences surrounding the championship golf course, a prestigious location! Near famous Bal Harbour shops, beaches, Lincoln Road, SoBeach & all Miami Beach amenities. Fabulous daily sunsets! This property features 8 beds, 8.5 baths with 20986 s.f. (1,949.7 m²) of indoor space.


$ 16,500,000.00
2040 Bay Rd, Miami Beach

6 Beds / 6.5 Baths
11,857 sq ft - 1150 m2
New modern waterfront w/135' of prime waterfront,featuring spectacular interiors,substantial open spaces designed with effortless indoor/outdoor entertaining in mind.Versatile floor plan transitions into large covered open terr with pizza oven,al fresco areas, complete summer kitchen all flowing into infinity pool,spa and one bedroom cabanaw/steam shower, gym, game room, roof canopied sunning lounge.Double gourmet kitchens,state of the art theater,fish tank and LutronSystem This property features 6 beds, 6.5 baths with 11857 s.f. of indoor space.


For more details visit: www.forida-prestige.com
This Blog is published by Analou Manent, Real Estate Agent in Miami Beach

Miami’s luxury condo resale market surges

The luxury condo resale market in Miami Dade County has seen a strong recent upswing, but will it last?
By Peter Zalewski
The Miami Herald

As difficult as it may seem to fathom, given the current macroeconomic data plaguing South Florida, indications are growing that the luxury condo resale market in Miami-Dade County is back — at least for the time being.

Foreign buyers with strong currencies complemented by a scattering of wealthy domestic purchasers acquired more $1 million condos in 2011 than in the last year of the South Florida real estate boom in 2006, according to an analysis of data from the Southeast Florida Shared Multiple Listing Service Database.

Buyers purchased nearly 590 condos for at least $1 million each in 2011 after acquiring less than 500 high-priced units in 2006.

On a year-over-year basis, the 2011 luxury condo resale activity represents a 29 percent increase from 2010 when fewer than 460 units were purchased for at least $1 million each in Miami-Dade.

Weeks into 2012, an additional 100 luxury units are already under contract waiting to transact.

Topping the list for the most expensive condo resale in the year 2011 is a penthouse in the Setai Resort & Residences in Miami Beach that sold for $21.5 million.
A pair of units in towers on South Pointe Drive in Miami Beach’s South of Fifth neighborhood rounded out the top three rankings for the highest priced resales for 2011.

In separate transactions, buyers paid $11.5 million for a penthouse in the Apogee condominium and $10.6 million for a high-floor unit in the Continuum On South Beach, respectively.

The resurgence in the luxury resale market has inspired an increasing number of owners – who had previously been unwilling to accept lower prices during the last five years of the real estate crash – to put nearly 1,000 condos on the resale market with an asking price of at least $1 million each.

Nearly 20 ultra-luxury condominium units are on the resale market for at least $10 million each with one unit asking as much as $38 million in the wealthy enclave of Bal Harbour.

Developers are also taking notice of the resurgence in the luxury condo market.
At least five new luxury condo towers – ranging from the one-unit-per-floor Regalia to the drive-the-car-to-the-unit Porsche Design Tower in Sunny Isles Beach – are planned or under construction in Miami-Dade County where the proposed sales prices are expected to surpass $1 million each.

The luxury condo revival in Miami-Dade County is not occurring at the same pace in Broward County where foreign buyers play a somewhat more limited role in transactions.

Buyers purchased less than 70 luxury condo resales in Broward County in 2011 compared to 100 high-priced units at the top of the market in 2006.

On a year-over-year basis, 2011 luxury condo resales in Broward County are up 11 percent from 2010 when 61 condos traded at a price of at least $1 million each.
Going forward, it is unclear if the Miami-Dade luxury condo market can maintain the resale pace given the current economic challenges in the European Union with the erosion of the Euro currency, the adoption of unpopular austerity measures and a series of downgrades by at least one influential rating agency.

Western European buyers from counties such as France, Germany, and Italy represent 19 percent of the estimated $318 million in monthly sales in the Miami-Fort Lauderdale-Miami Beach market attributed to foreign investors, according to an August 2011 report by the National Association of Realtors.

After buyers from Venezuela, the Western European buyers are the second largest concentration of $1 million buyers of any international group purchasing in Florida, according to the report.

An estimated 12 percent of Venezuelan buyers spend at least $1 million while six percent of Western Europeans are purchasing in that high-priced category.

By comparison, an estimated two percent of buyers from Brazil spend $1 million and one percent of buyers from Canada are in the high-end price range, according to the study.

Another issue facing the Miami-Dade County luxury condo market is the growing number of units available for purchase on the resale market aside from the unsold developer units remaining from the last real estate boom.

Even at the strong 2011 resale pace of an average of nearly 50 units per month, Miami-Dade County has about 20 months worth of high-priced condos currently available for purchase.

Many industry watchers consider a healthy market to have about a six-month supply of inventory.
Reinvigorated sellers with optimistic pricing expectations are another issue facing the luxury condo market.

Sellers of luxury condos are currently seeking a median price of more than $1.75 million in 2012 compared to median transaction prices of $1.6 million in 2011, $1.5 million in 2010, and $1.51 million in 2006.

To view the entire article click here

This Blog is maintained by Analou Manent, Real Estate Agent in Miami

C'est le moment d'Investir à Miami Beach...!

Vibrante et extravagante, chargée d'énergie, Miami est une ville sophistiquée qui vie au rythme de ses fantaisies et de ses plages séduisantes....

Que ce soit pour un investissement ou une résidence secondaire, Miami reste une des destinations les plus prisées dans le monde et ce n'est pas un hasard. Sa magie, son shopping international, ses attractions et la beauté de son environnement ont contribué largement à son developpement.

Florida Prestige est l’agence immobilière de Miami spécialisée depuis 10 ans dans la vente de biens immobiliers de prestige : Propriétés de luxe aux vues panoramiques et waterfront, appartements de grand standing, promotions de biens immobiliers neufs, immeubles d'investissement, etc...

Mais pas seulement. Nous vous accompagnerons pendant toute la durée de vos investissements et nous nous chargerons de rentabiliser vos investissements par des services locatifs que nous sommes les seuls à offrir. Locations saisonnières, mensuelles ou hebdomadaires. Nos secteurs géographiques d’activités sont principalement: South Miami Beach avec son centre d'interêt principal et historique, South Beach. Et North Miami Beach, avec ses quartiers de luxe comme Aventura, Sunny Isles et Bal Harbour.

Nous vous invitons à decouvrir notre site internet . Investissements, résidences principales ou secondaires, opportunités commerciales: Florida Prestige vous informe sur tout.

Miami Beach Makes Forbes List Of America's Most Expensive ZIp Codes in the US

Fisher Island just ranked by Forbes as #37 of America's most expensive zip codes in the United States, with a median home price of $2,295,291. Forbes list also included: Key Biscayne, Coral Gables, Indian Creek and Bal Harbour.

About 35% of the ZIP codes in our index saw median prices increase or stay flat, but that's likely because more high-priced homes are coming on the market, while more affordable housing continues to falter.

Miami where housing prices have plummeted and foreclosures continue to mount, still contains some of the most expensive homes in the country, with four ZIPs on the list, including Fisher Island, in the No. 37 spot. This ZIP code, for celebrity enclave Fisher Island, boasts a median home sale price of $2,295,291.

"We have yet to see mortgage defaults climb aggressively into higher-priced homes, but there are some signs that those could hit in next twelve months," says Simonsen. "If those mortgage resets drive inventory at the higher end, that would cause major problems."