Category Archives: Bal Harbour

0 25th Floor Condo Sold for $22.75 Million

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The CEO of a financial services firm is now the proud, and lucky, owner of a 14,000 square foot condo on the 25th floor of the ultra-chic St. Regis Bal Harbour Resort and Residences. In addition to the spacious, open floor plan, this mega condo has 4,000 square feet of terraces and views of the Atlantic Ocean, downtown Miami, and the Intracoastal Waterway. There are two elevators that provide access to the expansive abode, and the owner received five parking spaces with the purchase. The 25th floor condo sold for $22.75 million. Although the luxury market in Miami is impressive, this condo is a bit of an anomaly because the floor originally had five separate apartments, but a clever buyer knocked the walls down to create the super sized space.

The Bal Harbour area offers some of the finest Miami luxury homes, and this purchase certainly verifies that. Although many of the luxury condo buildings do not yet boast condos of this magnitude, there has been strong demand in the luxury real estate market, and these sort of spectacular properties just may become more of the norm in South Florida. In addition to housing impressive apartments, the St. Regis offers a number of amenities, including a gym and swimming pool, as well as less common, even more upscale amenities, such as butler and pet sitting services. And, the nearby Bal Harbour Shops boast some of the best shopping in all of South Florida. It is a gorgeous area with a lot to offer luxury investors.

If you are a prospective homebuyer in the market for a beachfront, luxury condominium and you aren’t keen on the hustle and bustle of the South Beach condo community, Bal Harbour and Sunny Isles Beach just may be the place for you to look!

0 Top 4 International Real Estate Investors

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intlThere are a lot of foreign buyers interested in purchasing real estate in the United States these days. After the U.S. real estate market endured a rather lengthy rough patch, things have rebounded nicely over the last few years. As a result, many prospective investors believe that this is the right to time to get in on the action and invest in real estate in the U.S. Canada has the highest number of international prospective buyers, with Canadians making up 45% of the international pool of real estate seekers. Buyers from the United Kingdom come in at number two, making up 12.1% of the pool, followed by Australia at 11%.

We were pleased to learn that China and Hong Kong buyers are in the fourth spot, claiming 4.1% of the diverse group of international real estate investors. Thus far, it seems like most investors from Asia have been interested in other parts of the U.S. However, we are optimistic that change is on the horizon, and Chinese investors’ attention will be redirected to South Florida in the very near future.

The Miami economy is chugging along quite nicely, and the city just has so much to offer investors regardless of whether they are seeking a second home or a rental property. Sunny Isles Beach condos, Aventura condos, and of course the premier Bal Harbour and Fisher Island markets, in particular, offer the perfect combination of ideal location, luxury appeal, and proximity to world-class shopping and amenities.

Of course, we would be remiss not to mention the excitement of our one and only South Beach. Although we love all of Miami proper, we know that South Beach truly is a unique gem with its very own culture and lifestyle. And, we are so glad that the world seems to be taking notice. These days, every time we walk down the streets we overhear conversations in Portuguese, Italian, French, Swedish, and so many other beautiful languages. Miami truly is an international melting pot, and you can feel the excitement and energy as you stroll down the palm-tree lined streets bustling with folks from all walks of life.

In case you are curious, other top international real estate buyers come from France, Germany, Switzerland, Sweden, Italy, and the United Arab Emirates. To all of you, we say:

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