The Real Deal Miami

  • Waterfront lot in Miami Beach trades for $10.5M — 10x last sale

    Seller was Russian real estate investment fund
    May 01, 2015 01:30PM By Katherine Kallergis
    1260 South Venetian Way in Miami Beach and Julian Johnston of Calibre International Realty

    1260 South Venetian Way in Miami Beach and Julian Johnston of Calibre International Realty

    A half-acre vacant lot in the Venetian Islands sold for $10.5 million, The Real Deal has learned. [more]

  • The week in real estate market reports

    A weekly feature bringing you the industry’s latest intel
    May 01, 2015 12:45PM By Katherine Kallergis
    Miami skyline

    Miami skyline

    Q1 2015 Cash, Institutional Investor and Distressed Sales Report: RealtyTrac

    Miami led metropolitan areas in the percentage of all-cash sales during the first quarter of 2015 with 51.5 percent.

    “Miami real estate is a magnet [more]

  • Design District commercial site up for sale at $11M

    4,176 sf site on North Miami Avenue last sold for $1.3M
    May 01, 2015 12:00PM By Sean Stewart-Muniz
    Design District One

    Design District One at 3819 North Miami Avenue

    Yet another commercial property is up for sale in Miami’s Design District, this time an office building, for $11 million.

    Design District One is a two-story, 6,000-square-foot building at 3819 North Miami Avenue. It’s occupied by a marketing company, but listing brokerage Marcus & Millichap said the building can be sold empty — and that there’s plenty of opportunity for development. [more]

  • Florida Keys short-term rentals under scrutiny

    Monroe County Tourist Development Council's report singles out Airbnb
    May 01, 2015 11:15AM By Robert Silk

    Key West (Credit: Andy Newman/Florida Keys News Bureau)

    The vacation rental website Airbnb has drawn the wrath of the official tourism agency of the Florida Keys. [more]

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  • Sky’s the limit on land prices

    Asking figures in close-in markets of Edgewater, Brickell and Wynwood hit new highs
    May 01, 2015 10:30AM By Katherine Kallergis
    The sale of 3333 Biscayne Boulevard lofted land prices in Edgewater.

    The sale of 3333 Biscayne Boulevard lofted land prices in Edgewater.

    From the South Florida Market Report: Land-hungry developers from around the globe are buying up sites in Miami-Dade County for tens of millions of dollars per acre, spurring record sales.

    Among the sky-high prices: nearly $75 million paid for 2.4 acres in Brickell, $64 million for 7.4 acres in Miami’s Arts & Entertainment District, and $75 million for 4.5 acres in downtown Miami.

    International buyers are dominating the local land grab scene. Take the $75 million sale in December of a construction site in the Brickell submarket, an area where asking prices are now 324 percent more than what the land sold for in 2009. [more]

  • Golden Beach spec home priced at $5.9M

    Home is one of four, priced up to $36M, and designed by Chad Oppenheim
    May 01, 2015 09:45AM By Ina Cordle
    240 Ocean Boulevard and Jacob Abramson

    Rendering of 240 Ocean Boulevard in Golden Beach and Jacob Abramson

    Miami Golden Properties is asking $5.9 million for its latest spec house, “The Loft,” in Golden Beach, which is not yet under construction, The Real Deal has learned. [more]

  • Most popular on The Real Deal

    May 01, 2015 09:00AM

    Current reader favorites:
    1. NY investor plans luxury North Beach apartments with car lift
    2. Proposed rooftop lounge on Lincoln Road up in the air
    3. Surfside site under contract for $40M, new oceanfront hotel and condos planned
    4. Canvas nabs $75M construction loan, now converting to contracts
    5. Condo boom heads north

  • miami
    A dish from MiMo’s new organic eatery (Photo: Organic Bites)

    A new organic eatery called Organic Bites has opened in Miami’s MiMo District. A Miami Dolphins executive just purchased a mansion in Boca Raton. And the Grove Isle resort is closing amid controversy over the private island’s future. Read these stories and more after the jump. [more]

  • Two Coconut Grove office buildings sold for $42M

    Buildings were bought by same investment group, Allegra Holding
    April 30, 2015 06:00PM
    Continental Plaza and the Bayview Executive Plaza

    Continental Plaza and the Bayview Executive Plaza

    Two office buildings in Coconut Grove were sold for a combined $42 million, commercial brokerage Marcus & Millichap announced Thursday. [more]

  • Put up your dukes, developers: Paramount Miami Worldcenter gets boxing ring

    Ring will be part of nine-acre sports complex
    April 30, 2015 05:30PM By Sean Stewart-Muniz
    A rendering of Paramount's boxing studio

    A rendering of Paramount Miami Worldcenter’s boxing studio

    Got a dispute with the Paramount Miami Worldcenter’s condo association? Lace up your gloves and step into the ring. [more]