Sean McCaughan - 1
The Dade Commonwealth Building, built in Miami's halcyon 1920s, the year 1927 to be exact, has stood the test of time. Its unique rooftop crenelation, according to historical lore, was due to a hurricane that hit during construction, slicing the building at the eighth floor and causing the builders to just leave it there. Now it's on the market, according to a listing at Loopnet, for a total of $21 million, with permits approved for its demolition with the exception of the first three stories of the facade.
The top penthouse at the Mansions at Acqualina, part of the decadent Acqualina resort that's so popular with Russian oligarchs and their mistresses, has sold for a whopping $27 million. According to a publicist, that makes it the third most expensive condo sale in Miami-Dade County, ever.
The latest South Florida real estate news:
Multifamily House Off Lincoln Road With Loft-Like Owner’s Suite Relists With Big Discount & Less FlairSean McCaughan - 0
A unique single-family-house-cum-industrial-loft-esque listing in South Beach, just off Lincoln Road, which has bounced on and off the market since 2017, with successively lower and lower prices, is back, this time asking $2,250,000. That's only $250,000 more than the owner paid for the place, way back in 2013.
Sean McCaughan - 1
A spectacular piece of land jutting out into the Bal Harbour Marina, which was the location of the Bal Harbour Yacht Club and was listed less than four months ago for a whopping $65 million, is apparently under contract, according to a note on the website of its broker, Douglas Elliman. Although the pending sale is not yet being promoted by either the P.R. teams of Elliman, seller's agent Tony Imbesi, or the seller himself (and Tony's dad) Joseph Imbesi, if the listing price was achieved, it will be the newest record for the highest-priced single-family residential sale ever in Miami-Dade County.
The “Billion Dollar Loser” of WeWork, Adam Newmann, Has Bought Two Bal Harbour Properties for $44 MillionSean McCaughan - 0
Adam Newmann, the long-haired, Kabbalah-following, enigmatic, and egotistical false prophet of WeWork, who was ousted from the company with a severance package that made him a billionaire, has just bought two prime pieces of Bal Harbour real estate for $44 million. Located next to the $65 million peninsula of land where the Bal Harbour Yacht Club used to be, these two properties were purchased from the same investor, Joseph Imbesi, who is parceling off the grand old club's formal landholdings and carefully selling them off.
This monolithic three-story concrete bunker-like building, jazzed up with a contemporary wedge-shaped entrance and a scattering of random windows along the facade, is actually a luxurious private parking garage designed to hold a collection of fifty cars. Located at 3070 SW 38th Court, the 12,354 square foot structure, which also contains an office, a lounge area, and an expansive roof deck, has recently been sold for $4.7 million.
A few days after the Big Bubble covered the sale of Brickell Flatiron Park, from the developers of the Brickell Flatiron tower behind it to a new, and as yet undisclosed, contingent of investors, the Miami Herald posted their coverage of the sale. In that Herald article, the Big Bubble's concern that the park could be fully developed over, turning what is one of Brickell's few green spaces into a retail development, seems like it may be answered.
Flatiron Park, a narrow triangle of land in the center of Brickell that I actively followed and promoted as a park back in the good old days when I was the editor of Curbed Miami, has been sold. For the past five or so years, part of the triangle-shaped piece of land was the site of the sales center for Brickell Flatiron, a condo tower which has recently been completely sold out, with the rest being used as a green space with a landscape design by Raymond Jungles.
So, you've gotten your vaccine and you're READY. TO. HIT. THE. TOWN. and go to one of those fabulous real estate parties that seem like such distant pre-pandemic memories?