Tag: Featured

The changing face of Miami Beach’s Di Lido Island

212 West Dilido (Credit: Robin Hill), one of the homes under construction on the island, and 212 West Dilido (Credit: Robin Hill) Take a drive through Miami Beach’s Venetian Islands and you’ll notice a quiet transformation taking place, compared to years past. On Di Lido, the third Venetian island from the…

Report: 76% of new development condos sold

Renderings of Mansions at Acqualina, Faena House, Brickell Flatiron and Grove at Grand Bay More than three-quarters of new condo construction in Miami, the Beaches and Fort Lauderdale has been sold, according to a new ISG Miami Report update. The “Q4 New Construction Update” tracks sales of condo units in

Art Deco apartments on Collins sell for $10M

1351 Collins Avenue in Miami Beach Three Miami Beach investors have added a low-rise apartment building to their portfolio, county records show. Gemms Inc. sold the two-story, Art Deco-era building at 1351 Collins Avenue for $9.9 million. Mike Ryan Collins LLC, an entity managed by Jack Avid and Steven Ovid, bought a…

Miami’s housing market is stuttering: Elliman report

A bird’s-eye view of North Beach, taken from the Akoya Condominiums in 2008 (Credit: Marc Averette) Miami’s residential real estate sector is still sending mixed signals, though one seems clear: don’t expect many broken sales records in 2016. The city — including luxury enclaves on both the mainland and Miami…

Texas de Brazil founder sells Continuum townhouse

Continuum townhouse 1 The founder and CEO of Texas de Brazil has sliced off a piece of his Miami holdings with the $5 million sale of a unit at the Continuum South Beach.  Miami-Dade County records show that Salah Izzedin sold his three-story townhome at the Continuum to RS Group

Miami Beach enacts developer-specific ethics ordinance

Mayor Philip Levine and an aerial view of North Beach Miami Beach commissioners unanimously enacted a new ordinance on Wednesday that prevents commissioners, political candidates and their supporters from soliciting contributions from vendors doing business with the city or lobbyists for PACS. The legislation was proposed after developer contributions became…

North Bay Road waterfront home hits market: $9.95M

6050 North Bay Road, Miami Beach A waterfront, mid-century home at 6050 North Bay Road in Miami Beach has just hit the market for $9.95 million. Nelson Gonzalez, senior vice president of EWM Realty International has the listing. The 3,915-square-foot home, built in 1951, sits on a 19,685-square-foot lot, according…

Anna Kournikova’s former Portofino pad sells for $11M

Sergei Fedorov, Portofino and Anna Kournikova A penthouse at Portofino Tower where Russian tennis star Anna Kournikova once lived has just traded hands for $11 million. A Russian buyer scored the 5,680-square-foot, four-level unit with 1,825 square feet of terraces, Daniel Pansky of Miami Luxury RE LLC, told The Real…

Terra Group boosts loan to $91M for Eighty Seven Park

Eighty Seven Park David Martin’s Terra Group has closed on a $91.18 million construction financing for Eighty Seven Park, a luxury condo project in North Beach. Miami-Dade County records show United Overseas Bank Limited, a multinational bank headquartered in Singapore, is the lender. Terra took out $19.18 million of a total $91.18 million…