South Florida by the numbers…April Edition

Dated: April 21 2021

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Miami’s luxury hot luxury real estate market shows no signs of cooling down. Everyday boldface names in the media announce they are moving to Miami and now luxury condominiums are back in favor. It’s time to share some numbers….

 30...Number of  buyers, including Supermodel Cindy Crawford and husband Rande Gerber, who bought in the Miami Beach Ritz-Carlton Residences since the first of the year — proof that the luxury condo market remains on fire. Most of latest buyers are from California, Connecticut, New Jersey and New York, Most work for a private equity firm, hedge fund or bank.

 100...Number of stories of the Waldorf Astoria tower coming  to MiamiThe building will be 1,049 feet tall and 100 stories, making it the tallest building in all of Florida. It will be located in downtown Miami, off Biscayne Boulevard.

 $7.4M...Price paid by Pérez and his wife, Darlene, for an upper penthouse at One Park Grove, one of three towers at Park Grove, another one of his projects. One Park Grove, a 23-story, 66-unit building at 2701 South Bayshore Drive, features multi-level gardens and outdoor spaces designed by landscape architect Enzo Enea. 

 41...Number of units at Onda Residences in Bay Harbor Islands, which opened its sales recently. Prices will range from about $1.6 million to more than $8 million for the penthouse. Construction could begin in the fall and the building could be delivered in 2023.

$7.95M...List price of Zaha Hadid’s  personal residence in Miami Beach. The 2,541-square-foot property was listed earlier last month for $7.95 million and consists of three units at The Residences at W South Beach, at 2201 Collins Avenue. 

 243...Total of condos sold last week, up from 234 condos that sold the previous week. The total dollar value, $154.9 million, was down from $201.7 million the week prior.

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Luz Abreu

Home Miami, Realtors is a Florida-based brokerage team dedicated to helping our clients make their homeownership goals realities. We believe in providing honest advice and personal service for success....

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