The Real Deal Miami

Canyon Ranch at 100 sales since 2010

September 07, 2011 10:42AM

Canyon Ranch in Miami Beach has sold 100 units since October 2010,
according to Pordes Residential Real Estate. “The pace of sales has been
tremendous,” said Michael Sadov, real estate sales director at the
property. “Prices are being paid are near the top of the market, and
some residences have closed at prices that would be considered very good
in a strong market.” Sadov, along with Pordes’ Mark Pordes, took over
marketing for the project last year. As part of a continuing trend in
Miami real estate, Canyon Ranch has seen significant interest from
abroad. “Buyers from Brazil and elsewhere have discovered Canyon Ranch
and are choosing to stay,” Pordes said. — Alexander Britell