Miami Beach Real Estate
People from all parts of the globe love to visit the beautiful city of Miami. Miami Beach is one of the most marvelous cities in the world, and Miami real estate is certainly at the top of the list of some of the most gorgeous homes in the world. South Beach is known as far as Perth, Australia, and is visited by thousands of tourists every month. Movie stars and models from all over the world,as well as "the rich and famous", are often found strolling Miami Beach's Ocean Drive. Miami Beach is one of the best cities in America to own real estate, because it's international flavor continues to bring in home buyers from all over the world.
When you become the proud owner of Miami Beach real estate, whether you live in Miami part of the year, or whether you live and work here all year round, you can always feel like you are on vacation. Since 1986, real estate prices in Miami have continued to climb, and real estate in Miami Beach held its value even during times of economic recession. Miami is the one place in the United States, where the weather is warm all year round, and owning Miami property has become more desirable now than ever before, because the city has truly become international, with people from all over the world buying homes and condos in Miami. The City of Miami Beach is centrally located, so whether you fly to Tokyo or Sydney, you are never more than just a few minutes away from Miami International Airport. Miami's international flavor and central location make Miami homes and condos a sound investment opportunity for the savvy buyer.
Miami Beach Areal Views
Pinetree Drive Areal Views
Miami Beach Real Estate Arial View of Miami Beach
South Beach Miami Beach at Night
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Miami Beach Glass House Sold For $5.6 Million
January 2010
Miami Beach luxury real estate buyers are trickling back into the marketplace
this month, as evidenced by more showings of luxury homes, more pending
sales, and more closings. Last week, a beautifully updated Miami Beach
home on Lakeview Court sold for $5,600,000.
"The Glass House-Miami Beach" as seen on Plum TV-true Zen living, is an authentic, modern one of a kind home, with Italian interior sliding glass doors, a Bofi kitchen and Bofi bathrooms, and C.G.I. hurricane impact windows and doors. A Japanese soaking tub, a guest house,a theatre, a gym, a heated infinity pool with a wading area lap pool, a hot tub, an enormous outside covered patio area, and a full summer kitchen are some features that make this home truly unique.
The 5 bedrooms, 6.5 bathrooms, 7,153 square feet house, located at 544 Lakeview Court, is situated on a very large lot measuring 39,496 square feet, just short of an acre (43,560 square feet), and boasts 200 linear feet of water frontage on Surprise Lake. The Miami Beach property was listed for sale for $6,495,000, and remained on the market for 351 days, before closing last week.
Miami Real Estate For Sale
Miami real estate has been a great investment opportunity for many discriminating buyers. Why Miami Beach Real Estate? In Miami, you have the best of everything from the warm winter days to the many varied golf courses. Wonderful restaurants line Miami Beach's Ocean Drive, where tourists flock from all over the world to enjoy the warm breezes and international flavor of Miami Beach. Lincoln Road has become the favorite of many Miami residents, who love to dine in the outdoor restaurants and shop for everything from art to incense. It makes sense to buy Miami real estate
Credit Suisse New Owner Of Miami Beach Gansevoort South Hotel
February 2010
Credit Suisse took ownership of the Gansevoort South Hotel in Miami Beach
last Thursday, after a New York auction produced no bidders for the 334
room, trendy South Beach resort. The previous owners, father and son team
William and Michael Achenbaum tried, unsuccessfully, to find a buyer for
their $89 million outstanding loan, before the foreclosure took place
last week. Credit Suisse plans to sell the hotel, which presently carries
a $390 million first mortgage.
Michael Achenbaum said that operations at the hotel will remain the same, and that the Achenbaum's company will continue to manage the popular Miami Beach resort. The Gansevoort South has been a hot spot to stop for celebrity party goers such as Fergie and her husband Josh Duhamel, and Lady Gaga, among others.
The hotel's 334 guestrooms average over 730 square feet of living space, and boast spectacular views of the ocean, bay, and city. State-of-the-art technology, and oversized bathrooms with separate shower and bath, are featured in every room of this now bank-owned resort. Any buyers?
Miami Beach Loews Hotel Plans $35 Million Renovation
January 2010
The Loews Hotel in Miami Beach, located at 1601 Collins Avenue, is one
of 18 hotels in the USA and Canada, operated by the New York based company,
and is arguably one of the finest hotels in Miami, with 790 rooms, including
50 luxury guest suites, 2 presidential suites, and 6 restaurants and bars.
Loews, which spent approximately $135 million on it's Miami Beach operation, before opening it's doors in 1998, recently announced a $35 million renovation, with plans to renovate all of the guest rooms, upgrade the lobby and build new retail stores. According to Loews Hotel Chief Executive Jonathan M. Tisch, the renovation is necessary to remain competitive with other luxury hotels, such as the 1,504-room Fontainebleau Miami Beach Hotel.
Tisch told the South Florida Sun-Sentinal that he expects business to increase by 10% in 2010, with an improving economy, although he admits that he is uncertain of the long term effects of the global economy on consumers. Notwithstanding, Tisch plans to open a 19th hotel in mid-town Atlanta, and is looking into buying up distressed hotel properties in popular cities like Boston, Chicago, and San Francisco.
Miami Beach Home Sold For $8,000,000
November 2009
Miami Beach luxury homes are slow to sell these days, but yesterday a
waterfront estate located at 4949 Pinetree Drive sold for $8,000,000.
The 11,600 square feet house, with 8 bedrooms, and 10.5 bathrooms, is
situated on a lot measuring over 2 acres, and was listed for sale in 2007
for an outrageous price of $20,600,000, rendering the property unsaleable.
The price continued to drop for 2 years, until Raquel Woolin, the sole
owner of the property, finally agreed to a reasonable asking price of
$9,500,000 in August of this year.
The home was formerly owned by S.S. Kresge, the founder of K-Mart, and
was designed by world famous Architect, Carlos Schoeppl. The property
is a one-of-a-kind estate featuring the largest water frontage (670-ft)
available in Miami Beach today. The meticulous grounds are replete with
a marvelous tennis court, a venetian tiled swimming pool, 2 cabanas, and
a 4-car garage.
Miami Beach Real Estate - View of Biscayne Bay
