Flash and cash are the basic elements of the market in Miami.
“A few years ago I knew some billionaires here, now I meet them all the time,” said Julian Johnson, a broker with Corcoran, who is renovating a seven-bedroom mansion at 24 South Hibiscus Drive on Miami Beach for $40 million. Used to be. ,
It was the post-lockdown property grab of 2021 in Greater Miami, led by New Yorkers craving spacious newly constructed properties with open ocean views and sunshine – lots of sunshine – that really sent prices down a silly path. you only have to look at ken griffin record-breaking $106.87 million deal Things aren’t getting back to “normal” one last time it turned out for the 4-acre Coconut Grove Estate.
It is true that some moderation in prices by the end of 2022 has given buyers more bargaining power. But bargains are still few and far between. The market remains volatile due to shortage of inventory and high demand.
Here’s a look at the ambitious listings, boldly going where no one has gone before and finding record-setting figures in Miami.
La Gorse Circle, Miami Beach
Listing Price: $150 million
Ready to compound? A portfolio of four adjacent properties in the A-list enclave of La Gorce Island could set a transaction record if its meteoric asking price is reached.
A mini-village, the waterfront properties at 16, 18, 22 and 24 include three individual homes and an additional parcel containing a beautiful private park called La Domaine de la Paix et de L’Amour.
Spread over nearly 3 acres, this suite offers 600 feet of water frontage and five-bedroom, seven-bathroom and two-bedroom homes.
“This is the most incredible combination of properties in all of Miami Beach,” said agent Jill Eber, who is reevaluating the properties with Coldwell Banker’s Jills Zeder Group.
355 Ocean Drive, Golden Beach
Listing Price: $100 million
Perhaps Miami’s most publicized listing, this nine-bed, 11-bath, 30,000-square-foot manor is the largest single-family, single-plot oceanfront property in Miami. It’s on the market for the first time in 40 years and is being sold as a “blank canvas,” said agent Dina Goldentare of Douglas Elliman, which is co-listing the property with Ryan Serhant.
“These heritage properties rarely come on the market,” she said.
Tennis courts, pool and bowling alley – name an amenity and it’s been found. It also has 250 feet of ocean frontage: “The bigger the better,” said Goldentare.
Aston Martin Residences Miami, Penthouse
Listing Price: $59 million
Of the 391 luxury spreads at the 66-story Aston Martin Residences Miami, less than a dozen units remain for sale. Due for completion this year, and located on the Downtown Miami waterfront, the project is the “Bond” car brand’s first real estate venture.
This 20,000-square-foot penthouse has its own private elevator and three full floors with seven bedrooms, eight bathrooms, and a wraparound terrace on each floor. Includes a private pool, a gym, a spa and a custom built garage.
Bonus: The buyer gets the ultimate limited-edition Aston Martin Vulcan race car, valued at $3.2 million. If it sells on demand, it would smash condo sales records in the area. Cervera Real Estate is marketing this building.
Waldorf Astoria Miami: Upper Penthouse
Listing Price: $23.65 million
Located on the 90th floor of Miami’s first supertall tower – the tallest residential building south of New York City, due for completion in 2027 – this 6,701-square-foot, five-bedroom, seven-bathroom condo offers incredible views from its balcony, top Below are the owners-only amenities at the Waldorf Astoria Miami hotel and more. The residences are already 90% sold.
“Here, three things are coming together: stunning views and location, an incredible level of interior decoration and a luxury brand with a high level of service,” said Alejandra Castillo, sales agent for PMG Residential, who is listing the property. “There’s also the privacy of being on the 90th floor.”
24 South Hibiscus Drive, Miami Beach
Listing Price: $40 million
This Mediterranean-style hibiscus island gem is fresh on the market after a massive $18 million renovation of 9,000 square feet of living space.
The seven-bedroom, seven-bathroom single-family home features an open floor plan and multiple rooftop terraces that capture sunset views throughout 20,000 square feet of outdoor waterfront play space.
“This is why people move to Miami: indoor-outdoor beachfront living,” said agent Julian Johnson of the Corcoran Group.
The Residence at Shell Bay: Penthouse B
Listing Price: $10.5 million
Penthouse B sits atop this 21-story tower and offers four bedrooms, three baths, and a potential record for Hallandale Beach.
The 4,546-square-foot interior space is augmented by an additional 2,909-square-foot roof terrace, which includes a plunge pool, a loggia, a kitchen, and an elevator.
Due for completion in 2025, residents enjoy the benefits of an Auberge Collection-managed attached resort and its Greg Norman championship golf course, tennis courts, private yacht club and wellness spa.
Darin Tansey of Douglas Elliman holds the listing.