Historic Pinetree Drive Circle Estate Wants Twenty Times What it Sold for Twenty Years Ago

The huge house at 6385 Pinetree Drive Circle in Miami Beach, an historic Mediterranean Revival des res, last sold for $19 million in 2016 when Miami’s luxury market was hot hot hot. Since then, things have cooled a bit. Earlier this year, the lavish palazzo was put back on the market for $22.5 million, and hasn’t budged for 210 days. That’s 8 months. Two thirds of a year. You get the picture.

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South Beach is Getting its Second Gay Hotel, the Axel

The Hall South Beach, a boutique hotel in a cluster of historic art deco buildings that was just completely renovated a couple years ago, has been purchased by Axel Hotels, a mostly European chain of gay-oriented hotels with locations in Berlin, Ibiza, Barcelona, and Madrid. Now called the AxelBeach Miami, although the property is already pretty nice, it is unsurprisingly being renovated again and will reopen later this year.

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Morningside’s ‘Jetsons House’ Taken Off the Market After Asking $1.8M

It looks like Morningside’s iconic, midcentury modern, Rufus Nims-designed Jetsons House, after being listed for $1.875 million about a year ago, was taken off the market at some point, unsold. Although in a great neighborhood, and oozing with futuristic, modern flair, the house needs work, is rather small, and is on a rather humdrum lot. In this soft market, perhaps almost 2 mil was a tad much?

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