Archive for the ‘Real Estate News’ Category

Miami Beach Real Estate: Continuum Penthouse Sells Over $15M BELOW Original List Price UPDATED

Thursday, May 21st, 2009

The Penthouse at Continuum South Beach, located at 100 S. Pointe Drive, once listed for $25M has sold for $9.9M. Back in March, a penthouse at Il Villaggio in South Beach, originally listed at over $18.9M, sold for $7M. Penthouse 1 at Continuum was owned by Howard and Lillian Steinberg.  The penthouse, purchased in 2003 for $7M, has five bedrooms, […]

Owner of Recently Closed Miami Beach Restaurant “The Forge,” Lists Ocean Drive Home for $10.9M

Sunday, May 10th, 2009

Last week, Shareef Malnik, owner of The Forge Restaurant in Miami Beach, listed his home at 222 Ocean Drive in South Beach for $10.9M.  Malnik paid $1M for the South Beach real estate in 1995.  The most interesting fact about the house is that now it is the ONLY single family home on Ocean Drive.  Gianni Versace’s […]

Miami Beach Real Estate Raffle: Win a South Beach Condo For $100

Friday, February 6th, 2009

Click here for more info. The prize is described as follows: The winning prize is a stunning 1-bedroom waterfront condominium on Miami Beach, Florida. This 850 sq. ft. condo has been exquisitely renovated and comes equipped with travertine marble floors, granite counters, stainless steel appliance and custom built-in cabinetry. Veterans Retreat will pay for all […]

South Beach Real Estate Shock and Awe: SoFi Luxury Condo Sales Up 41.9% Over 2007

Wednesday, February 4th, 2009

In my last post on real estate statistics for Miami Beach condos in South Beach, A LOT was revealed by comparing 2007 to 2008 data for condos in the South of 5th / SoFi neighborhood. And now, here’s more information from the Southeast Florida Regional MLS that indicates this area has performed amazingly, especially considering the […]

Miami Beach Real Estate: 2008 South Beach Condo Market Index

Wednesday, January 28th, 2009

Last year was very telling for Miami Beach real estate in terms of how the market actually performed versus how people think it performed.  Everyone has an opinion on where the market was, is, or where it’s going, but the current evidence speaks for itself. Read on, and you’ll find some surprises. As for the […]

Miami Beach Luxury Real Estate: Shaq Re-lists Star Island Home for $25M

Thursday, January 1st, 2009

Today, Shaq re-listed his Star Island, Miami Beach estate for $25M.  On November 4th, the Daily Business Review reported that the home was under contract for around $19M. The 7-foot-1, 325-pound center, who now plays for the Phoenix Suns, is selling his Star Island mansion for about $19 million, a huge difference from the $29 million he […]