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Your Miami Market Moment Has Arrived!
Despite a global dip, the luxury market in Miami and Palm Beach remains incredibly strong, with $10 million-plus homes seeing significant growth. Palm Beach led the way with a jaw-dropping 44% spike, while Miami followed with a 27% increase.
Luxury Homes Over $10 Million: Between 2019 and 2024, Palm Beach saw homes in this category rise from 50 to 138, while Miami experienced an impressive jump from 41 to 149—over 260%!
Off-Market Sale: French DJ and music producer David Guetta just sold his Setai Miami Beach condo for $16 million. The 2,525 square-foot condo ranks as the second-highest price per square foot for a non-penthouse condo in Miami-Dade County.
Spotlight on Surfside: Adjacent to Indian Creek Village, Surfside offers a quieter, exclusive living experience with limited space for new developments. Iconic properties like Surf Club/Four Seasons and Fendi Chateau set the tone for luxury.
Ocean in Surfside: Ocean in Surfside will soon join this exclusive club with just 25 new apartments, offering gorgeous ocean views, 12-foot deep balconies, and luxury living at its finest.
School & Eat: SCHOOL: Ransom Everglades in Coconut Grove was recently ranked by Spear’s magazine as “Top Flight,” making it one of the best high-caliber schools in the world. EAT: Tâm Tâm, located in Downtown Miami, made Bon Appétit's list of the 20 best new restaurants. With funky, laid-back vibes and delicious food, it’s a must-try.
Your Miami Market Moment Has Arrived!
As summer comes to a close with Labor Day, it's time to refocus and dive into what’s happening in the world of real estate. August has been bustling, with the city that never sleeps, New York, showing no signs of slowing down.
Luxury Market Charges Ahead: In the first two weeks of August, Manhattan saw 428 properties signed, marking an 18% increase over last year. The highest sale was a stunning $43.5 million for a property on West 57th Street.
A Buyers Market? What Do You Do When One Appears? With changes in commission structures, brokers now have more opportunities to show value and savings. The art of negotiation doesn’t end with the price; it includes terms, contingencies, and more. As Elizabeth Stribling says, "The right broker makes the difference."
Flatiron Update: Big news as plans are filed for 60 high-end condominiums in the iconic Flatiron building. This historic landmark is poised to become one of New York’s most desirable residential locations.
Best Places to Go, Eat, and Read:
GO: If you're in the city this Sunday, head over to the Park Ave Armory for the close of Balloon Story, an immersive experience that ends with a popping party of over half a million balloons.
EAT: The Andy Tarlow empire expands with the opening of Borgo on East 27th. This 9,000 sq.ft. space is set to become a new hotspot, bringing Brooklyn’s iconic eateries to Manhattan.
READ: Dive into Diner Journal, a quarterly magazine from Andrew Tarlow, featuring articles on restaurants, purveyors, and recipes.
MOVE to Miami: The Carroll Group is gearing up for the season with exciting new listings in South Florida. No one sells more property in this region.
our Miami Market Moment Has Arrived!
In this newsletter, we explore the latest luxury market trends, condo updates, and highlight an exceptional property in Bal Harbour.
The Ultra Luxury Report is out, revealing that 838 homes sold for over $10 million in the first half of 2024, with total luxury sales reaching $14.66 billion—an increase from last year. Florida leads with 194 of these sales, accounting for 23% of the national total.
The Miami Condo Report offers insights from Craig Studnicky, CEO of International Sales Group, with highlights showing a 9% appreciation in condos under 10 years old and a 7% rise in condos between 10 and 30 years old. However, due to high borrowing costs, new construction remains limited.
Best Places to Go, Read, and Eat:
GO: Enjoy the last golden days of summer by surfing in Ireland—yes, even in August, with a wetsuit on!
READ: Dive into Lucy Foley's latest book, Midnight Feast. Perfect for when your mind needs a break, this thrilling novel offers familiar characters and a criminal plot set against a charming backdrop.
EAT: Try a charred corn salad—quick and easy for summer dining. Grill the corn, halve the dressing, and skip the cilantro for a light, flavorful meal.
Property of the Week:
Your Miami Market Moment Has Arrived!
In this newsletter, we navigate through the dog days of summer with exciting real estate news, luxury trends, and the perfect property for you.
Starting with a remarkable off-market sale, 81 Barrow Street was sold for $22 million, a high-end renovation likely influenced by former owner Jeffrey Levine, a notable New York developer. In other luxury news, the ultra-luxury market sees a surge with six homes in the U.S. selling for over $100 million as of July 15, potentially doubling last year’s record.
For a thought-provoking read, Nate Silver's "On The Edge" offers insights from risk-takers and investors, perfect for navigating the uncertainties of the 21st century. Looking for fashion inspiration? Princess Anne’s timeless style is making waves with Fendi’s new collection and the trending bucket hats at the Paris Olympics.
EAT: August is the ideal month for staying home or dining outside, and I’m obsessed with a hummus recipe from chef Alexandra Cooks. It’s simple, perfect for summer lunches with veggies, and a must-try for hummus lovers.
Your Miami Market Moment Has Arrived!
In this newsletter, we reflect on Miami's luxury market at the mid-year mark and explore a range of exciting topics, from luxury highlights to must-visit places and an exclusive property showcase.
Reflecting on Miami's luxury market in 2024, the Carroll Group has achieved $320M in closed sales and $110M in contracts, with an average price point of $3M and a top sale of $40M. Exploring Mansion Global's luxury highlights, Palm Beach sees a slight dip, while Miami Beach enjoys a 31% increase in luxury sales, and Fort Lauderdale follows with a 5.5% rise.
For those interested in condos, the Condo Sales report highlights over 20,000 condos on the market, 88% over 30 years old, with new safety regulations impacting market dynamics. Newer condos show a 9% appreciation year over year. Looking for dining and cultural experiences? Enjoy retro dining at Nobu in Miami Beach, with highlights like shishito peppers and miso cod, and visit the Balloon Museum at Mana Wynwood, featuring the "Let's Fly" exhibition with inflatable art from around the world.
Best Places to Eat and Go:
GO: The iconic balloon museum from Emily in Paris is at Mana Wynwood through September, showcasing inflatable installations from 20 internationally acclaimed artists. "Let's Fly" is a must-see.
EAT: It’s been a while since I’ve eaten at Nobu, so it was very retro to have dinner there with a friend this week. Shishito peppers, miso cod, and sashimi were a highlight but the cosmo’s and the company were life-affirming.
Your Miami Market Moment Has Arrived!
In this newsletter, we celebrate the spirit of Independence Day and delve into a range of captivating topics, from breathtaking fireworks displays to exclusive real estate insights and a stunning property showcase.
Kick off your holiday with the spectacular celebrations across New York, starting with the vibrant fireworks at the Macy's show over the Hudson River, a sight that truly embodies the festive spirit of Independence Day. Don’t miss the equally stunning displays at the Hamptons Fireworks, best viewed from the Sag Harbour Yacht Club, a perfect setting for a July 4th celebration. For those looking to make a lasting impression at weekend gatherings, explore our feature on "The Art of Gifting." Discover unique gift options at Parcelle on Division Street or make a statement by visiting the Flamingo Estate pop-up for distinctive finds that set you apart.
Dive into the latest Real Estate News where we explore the nuances of New York's market. From shifting inventory levels to the thriving ultra-luxury segment, we provide insights that help you navigate the complexities of the real estate world during these vibrant summer months. Spotlighting luxury living, we take you inside "The Estates at Acqualina," ranked as the #1 Beachfront Resort in the United States. Experience the pinnacle of luxury living and see why this property continues to captivate the most discerning buyers.
Your Miami Market Moment Has Arrived!
In this newsletter, we delve into the vibrant pulse of Miami's real estate scene, featuring major movements and milestone achievements.
We cover an article discussing the number of home sales dropping to the lowest level in 30 years and celebrating the Chad Carroll Group's notable inclusion in the 2024 RealTrends. The Thousand, as advertised in The Wall Street Journal, boasts a staggering $6 billion in sales and a record-setting $40M transaction on Palm Island.
Highlighting another significant transaction, a property in Coconut Grove fetched the highest price per square foot on the market, totaling $6.1 million. Amid these soaring highs, we also bring to light how the Miami market maintains robustness despite shifts in economic climates, showcasing homes that stand out not just for their luxury but for their resilience in a fluctuating market.
Additionally, we spotlight places of retreat and celebration in the heart of summer:
Chill: Dive into the historic Venetian Pool, a stunning oasis born from a coral rock quarry. It’s the perfect escape to cool off and enjoy a piece of Florida history.
Go: Catch the grand opening of Casa Neos this June 20th on the Miami River. Featuring a boutique hotel and exotic cuisine, it’s Miami’s newest hotspot for summer.
Summer Playlist: Turn up Chappell Roan’s hits this summer. Her electrifying tracks are sure to be the soundtrack of your season.
Your Miami Market Moment Has Arrived!
In this newsletter, We highlight key real estate movements. The Puck Building's penthouse IV in New York has sold for $32.5 million, or $5,500 per square foot. Updates from The Chad Carroll Group also indicate a surge to $6 billion in sales, including a $40M transaction on Palm Island. Summer is here!
Additionally, we feature the hidden gem of a secret garden between Sullivan & MacDougal Street in Greenwich Village. Frequented by notables like Anna Wintour and Bob Dylan, this lush enclave is now offering Gloria Naftali's home for $8.5 million after 50 years. A true sanctuary in the heart of New York.
Here are the top picks for places to Go, Eat, and Venture:
GO: Don't miss the Blue Note Jazz Festival this June in New York, featuring standout performances like Christian Scott at Blue Note.
EAT: For a memorable dining experience, try The Clover Hill in Brooklyn, where chef Charlie Mitchell serves Michelin-quality meals in an intimate setting.
VENTURE SOUTH: The Chad Carroll Group is making waves in South Florida's real estate market, surpassing $6 billion in sales. Their expertise ensures top-notch service whether you're buying or selling.
Additionally, we're spotlighting the property of the week:
Blog
Embarking on a relocation while launching a home-based business in Miami, known for its vibrant culture and booming luxury real estate market, presents unique challenges and opportunities. This guide from Amanda Sawyer delivers strategic insights tailored for entrepreneurs seeking to blend lifestyle aspirations with business ambitions in Miami. Focusing on the nuanced dynamics of the local market, it aims to streamline the transition, ensuring a smooth integration of personal comfort and professional growth amid Miami's luxury settings.
In Miami, a city celebrated for its dynamic culture and booming entrepreneurial environment, upsizing your home serves more than just lifestyle enhancement — it is a strategic step toward fostering a successful home-based business. In today’s post on the Amanda Sawyer blog, we address the intricacies of expanding your residential footprint while integrating a professional workspace, specifically tailored to the vibrant Miami market.
Last week, I had the honor and pleasure of attending a personal presentation for the Sagamore Hotel Ritz Carlton Residences in Miami Beach. Currently in the 'Friends and Family' phase, final floor plans or pricing are not yet ready for public release. They can be viewed along with the renderings and finishes by appointment or a zoom presentation. For Miami Beach, the restoration of the Sagamore, Shore Club, and Raleigh Hotel, along with their new residential additions, represents a significant rejuvenation in this area. Notably, Lincoln Road is undergoing a $60 million restoration, which will include an extension to the beach. This long-awaited enhancement and accessibility will elevate the appeal of the mall to higher-end retail.
Embarking on the journey of purchasing a home later in life presents a unique set of considerations. It's not merely about finding a place that feels right; it's about selecting a home that aligns with the nuances of your lifestyle, ensuring comfort, accessibility, and peace of mind. This guide delves into the critical features you should prioritize as a senior homebuyer, paving the way for a decision that marries practicality with your aspirations for this chapter of your life.
Buying or selling a home is one of the most significant financial transactions most people will make in their lives. As such, it’s essential to work with a skilled, qualified, full-time real estate professional to ensure you're protecting your financial assets. In this article, courtesy of real estate pro Amanda Sawyer, we explain how a dedicated agent can be your partner in success when it comes to buying or selling a property in Miami.
Building a house from the ground up may be intimidating at first, but it offers numerous benefits that make it a worthwhile investment. Before you can begin the process, there are a few crucial steps to take to ensure your project is a success. In this article, we’ll outline where to start when you want to do a custom build and how to navigate the process.
There’s not much better than a leisurely weekend morning at the farmers market. It’s not just for the food - although that is a huge part of it - but also for the community. Instead of rushing through the grocery store to check items off a list, farmers markets are an opportunity to connect with neighbors and support local farmers and entrepreneurs.
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