Welcome to the Big Bubble MIAMI. The Big Bubble is edited by Sean McCaughan. Sean was the Founding Editor of Curbed Miami at miami.curbed.com, a position he held for three and a half years, and has written extensively about the real estate, development, architecture, design, art, and culture of South Florida and beyond. You can find more of his writing at seanmccaughan.com. For Big Bubble-related inquiries, you can reach him at email@example.com. For other writing and copywriting inquiries, please email firstname.lastname@example.org. Thank you.
In this real estate market, prices keep rising and rising to a point where it's almost embarrassing to write about a property when in the back of your mind you keep thinking "you get THAT for THAT???" This is not one of those houses. Compared to some of the hovels on offer in Miami Beach for literally the exact same price, this rather stately and elegant home in South Coconut Grove doesn't feel like its price, a cool $4 million, is extravagantly out of step with what's on offer.
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This unassuming cottage, with its raw, unifinished wood siding and unkempt jungle of a yard in South Miami, looks practically abandoned. Yet, the property, located at 6401 SW 42nd Terrace, hit the market four days ago for a not-immoddest $515,000. A lot of that asking price can be blamed on the 9,000 square foot corner lot, as well as the extremely frothy housing market we're living in right now. But, inside this little 728 square foot house, you'll find a swinging, subtropical bachelor pad.
The 1980 roared in Miami. Not only was the city's image and identity transformed in ways both good and bad, mixing global glamour with global intrigue, but the city itself changed physically. In that decade Greater Miami saw a building boom, blending luxury condo towers with avant-garde architecture, new public amenities and institutions, and a flood of stylish, luxury hotels catering to different kinds of travelers than the old beachside hostelries of earlier.
When the exquisitely wealthy businesswoman and philanthropist Adrienne Arsht listed her magnificent and massive Miami estate for sale in January, spectacularly priced at $150 million, it was a news item significant enough to command splashy spreads on the covers of the Miami Herald and the Wall Street Journal's Mansion section. To put it mildly, it was a major, major news item, not just because it could set a new record for the most expensive residential sale in South Florida, but because of the size, prominence, and history of the property itself.