Archive for the ‘Real Estate News’ Category

$18.5M Penthouse at 1500 Ocean Drive Goes Under Contract

Monday, August 13th, 2007

That’s right. Four combined penthouse units at Michael Graves’ 1500 Ocean Drive went under contract Friday. The unit is comprised of 11,940 interior sq. ft., 8,200 sq. ft. of private roof terrace (unfinished) and 1,624 sq. ft. of balconies.

SBCB Scoop: Miami Beach’s $29M Setai Penthouse Under Contract

Thursday, August 9th, 2007

I remember when I got into the real estate business about 15 years ago that agents who primarily sold condos were considered second-class brokers. How times have changed. Word on the street (or in my ear) is that the penthouse at Setai South Beach, located at 101 20th Street in Miami Beach, is under contract. […]

Does Miami Need Another Real Estate Broker?

Tuesday, August 7th, 2007

Rumor has it that a former executive and co-owner of a now-defunct high-end brokerage,  which merged with Coldwell Banker in 2002, is planning to start his own firm now that his non-compete clause is coming to an end.

Carlos Justo unloads Batchelor Estate on North Bay Road, but is it too late?

Friday, July 13th, 2007

June 13th, Joan Fleischman chronicled the financial distress of Sol Sotheby’s Broker Carlos Justo. Sources have said that the former home of George Batchelor was sold this week for around $12M. Terms were undisclosed except that it would be a quick closing. The parcel consists of two properties: one consisting of a 9,476 home on […]

BREAKING NEWS: Two more condos bite the dust!

Wednesday, June 20th, 2007

Rumor has it that Vitri South Beach – just north of the “SoFi” neighborhood (ICON, Murano Grande, Apogee) is returning deposits and considering a change of use to a hotel. From what I know the units on the lower end of the price range sold well, but the penthouses, which were priced @ $1100 p.s.f., […]

Florida Tax Reform: Tell Me How Much Already!

Saturday, June 16th, 2007

Forget all those news articles trying to explain what it means to you.  Here is a tax-plan calculator, which attempts to give an idea of your possible savings.