Now days, South Florida's flourishing real estate market regarded as a much safer choice to foreign billionaires than cash or stocks in weaker economies. A top investment firm Chief executive officer, Jeffrey Gundlach, was quoted in the Bloomberg News validating "huge growth at the high end" in Miami and New York real estate markets.
The selling price of Setai South Beach residences unit 3509 for $12,000,000 set all time record for the highest value price per sf ever sold in all of the Miami Dade County at an astonishing $4,760.00. This unique, fabulous and very coveted and one among only six 09-line oceanfront condominiums located on the 35th floor features three bedrooms, three bathrooms, and 2,521 square feet with spectacular views of the ocean and city.
A most recent closed sale on May 21st 2014 sale of Setai South Beach unit No. 3509 for $12,000,000 sets an all time record for the most expensive price per square foot actually sold in all Miami Dade County for an astounding $4,760. This magnificent and highly sought after one among only six 09-line oceanfront condos is located high on the thirty fifth floor and has 3 bedrooms, 3 bathrooms and 2,521 sq ft of living area with stunning vistas.
For billionaires who can buy a residence in any city of their choice around the world, compare the Miami housing market to other major markets for instance New York, London and Moscow, Miami at around $5000 per square foot remains a bargain.
Miami's housing market as a whole is extremely sizzling at this time, that Brickell and Biscayne corridor current market looks like Dj vu circa '06. The Miami Design district has additionally become the brand new it area. Developer Craig Robbins created a new luxury shopping destination with brand name tenants for example Cartier, Christian Louboutin, Hermes and Prada to mention a few.
Like the recently launched and sold-out Faena House, there've been other deluxe Miami Beach condos presented which have maybe a couple of condominiums still left . Most of these condos almost soldout at a rate that not a single person, including real estate professionals together with developers expected. Glass Miami Beach on world renowned Ocean Drive has one residence left listed for $7. 9Million also Beach House 8 has just two condo properties remaining BH 6 asking $7.75M and BH3 $5.95M.
The selling price of Setai South Beach residences unit 3509 for $12,000,000 set all time record for the highest value price per sf ever sold in all of the Miami Dade County at an astonishing $4,760.00. This unique, fabulous and very coveted and one among only six 09-line oceanfront condominiums located on the 35th floor features three bedrooms, three bathrooms, and 2,521 square feet with spectacular views of the ocean and city.
A most recent closed sale on May 21st 2014 sale of Setai South Beach unit No. 3509 for $12,000,000 sets an all time record for the most expensive price per square foot actually sold in all Miami Dade County for an astounding $4,760. This magnificent and highly sought after one among only six 09-line oceanfront condos is located high on the thirty fifth floor and has 3 bedrooms, 3 bathrooms and 2,521 sq ft of living area with stunning vistas.
For billionaires who can buy a residence in any city of their choice around the world, compare the Miami housing market to other major markets for instance New York, London and Moscow, Miami at around $5000 per square foot remains a bargain.
Miami's housing market as a whole is extremely sizzling at this time, that Brickell and Biscayne corridor current market looks like Dj vu circa '06. The Miami Design district has additionally become the brand new it area. Developer Craig Robbins created a new luxury shopping destination with brand name tenants for example Cartier, Christian Louboutin, Hermes and Prada to mention a few.
Like the recently launched and sold-out Faena House, there've been other deluxe Miami Beach condos presented which have maybe a couple of condominiums still left . Most of these condos almost soldout at a rate that not a single person, including real estate professionals together with developers expected. Glass Miami Beach on world renowned Ocean Drive has one residence left listed for $7. 9Million also Beach House 8 has just two condo properties remaining BH 6 asking $7.75M and BH3 $5.95M.
About the Author:
David Nguah is a regarded specialist in the Miami Beach Real Estate market with more than of 15 years' experience. You'll find web sites entirely about for the most sought after Miami Beach condo buildings eg The Continuum South Beach and residential neighborhoods such as Star Island delivering in-depth info on every condo for sale, rent along with the most recent sales.
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