20 juin 2013 ~ 0 Commentaire

South Florida Housing is hot!

The $30-million sale of Yankees slugger Alex Rodriguez’s Miami Beach party pad conjures the old saying, « The rich get richer. »

As South Florida’s housing market continues posting solid price gains, the posh end is leading the charge with one record smashing sale after another.

« The market is on fire here, » declared broker Jill Eber of The Jills team at Coldwell Banker, who found the buyers for A-Rod’s house at 4358 N. Bay Rd, Miami Beach.

« The luxury market used to be more seasonal. But now there’s such an in-flow of folk from all over the world, some of our biggest sales are taking place in summer, » said broker Jill Hertzberg of The Jills team, which had $475 million in sales in 2012, a record among Coldwell Banker agents.

The sale of A-Rod’s home set a record for Miami Beach ( though below the Miami-Dade record of $47 million for Three Indian Creek Dr. Set last year in the opposite sanctuary of Indian Creek Village ).

Meanwhile, Fri. in Fort Lauderdale, an eight-bedroom, 88201; [*FR1] bath house at 2400 Del Lago Dr. In Harbour Beach sold for $17.5 million including furniture, a recent Broward County record, according to listing agent Sheryl Hodor of Prudential Florida Realty. The California modern-style mansion boasts 400-feet fronting on the Intracoastal Waterway.

« We’ve seen a rise in prices and demand, » said Hodor. When the housing market crashed, she said, the luxurious end took a shorter, shallower dive than a lot of the market. « High-end sellers can keep hold of their property. They usually have 2 or 3. So we did not see the fall as much in the high end. »

« Last to drop, first to rally, » announced Beth Butler, president of One Sotheby’s World Realty. « The prices have glaringly come back in the luxury tier and have now exceeded their highs. » Rodriguez’s sister, Arlene Susy Dunand, who is an agent at One Sotheby’s Global Property, represented her bro in the exchange, which closed May Twenty-four.

Rodriguez had acquired the North Bay Road site in May 2010 for $7.4 million and custom built the smooth modern home, which has nine bedrooms and 118201; [*FR1] baths with 275 feet of bayfront land overlooking downtown Miami. The home has covered terraces, Zen-style gardens, an out of doors kitchen and rooftop deck.

A-Rod, a three-time American League most valuable player, has been on the Yankees’ disabled list following hip surgery in Jan, but he’s practicing at the team’s spring coaching complex in Tampa. He is one of three partners in Homes for sale in Coral Gables-based Newport Property Construction, which built the home for roughly $7.6 million in 2011.

The buyer was Stephen Levin, chairman of Gold Coast Libation Distributors, a huge Doral-based beer distributor, whose other half Petra is an ex Miss Germany. Stephen Levin, of Palm Beach , didn’t return telephone calls to his office looking for comment.

South Florida ultra-luxury condo prices in a similar way are hitting lofty new highs.

In March, 2 penthouse units at the Miami Beach Edition sold for a grand total of $34 million with plans to blend them into an eight-bedroom, Homes for sale three-level penthouse spanning over Sixteen thousand sq. feet of space.

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