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.
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.
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.
Acclaimed Miami-based architect Rene Gonzalez's Prairie Residence, completed in 2017 on a landlocked residential street in the heart of Miami Beach just off sunny and somewhat hostile Dade Boulevard, is one of his most extraordinary designs to date and a really masterful yet particularly unusual home. The 3,312-square-foot contemporary luxury residence was designed for its environment and its future environment, impacted by forces such as sea-level rise. Priced at a precise $15,151,000 apparently, the house has been on the market since last November, and, well, it's still here.
Here's a rather pretty space, on the top floor of the Bank, a small condo tower near the corner of Biscayne Boulevard and NE 79th Street that, as the name suggests, used to be a bank. Listed for $750,000 and the biggest penthouse in the building, it was probably once a normal 1,600-foot apartment... you know, with bedrooms and stuff, but at some point converted into just one big room. It's a huge studio.
With just over one acre of land on South Bayshore Drive, the rambling estate of John T. Peacock, a member of Coconut Grove's founding Peacock family, this 111-year-old historic pile is on an unusually large piece of land for a property in the heart of the Grove. Overlooking Kennedy Park, and an old sheltered inlet that practically ends at its front gate, the listing is asking for a healthy $12.9 million.
When you take a spectacular piece of early modernist architecture, such as this streamlined moderne house on Pine Tree Drive by important Miami Beach architect Igor Polevitzkty, and give it some bland contemporary renovations that are supposed to "improve" it while blending in with the existing architecture, the results often leave something to be desired.
Designed by Achille Salvagni, an Italian designer and architect who has done some incredible yacht interiors but also has a flair for midcentury Italian design, this 7,400 square foot new-build in Mid-Beach was designed almost like a superyacht itself. The house has curvilinear lines and fabulous materials, creating custom elements like a kitchen that looks more like a sculptural art installation than a place to make food, and a bronze and gold grand staircase. It's also got a pool that, at 90 feet in length, spans almost the entire 111-foot width of the property itself. Originally listed for $21 million in March, it got a price cut to $19 million, according to the MLS, in May.
Chayo Frank, architect of the famously eclectic Amertec Building in Hialeah, has listed his own home, an equally bold creation in Ponce-Davis, for $14.995 million. Although the Amartec Building, a freeform concrete structure that looked like a fantastical abstraction of a sea monster, was demolished a few years ago, Frank's house, luckily, is beautifully pristine.
Ever dreamed of living in the lavish Everglades Suite in the tower of the Biltmore Hotel in Coral Gables? Well, that might not happen, but here's your chance to buy a penthouse that was obviously inspired by that legendary perch at the top of the Biltmore, and it's also in Coral Gables. Located at the top of the Segovia Tower, this eight bedroom, twelve bath, 8,000 square foot spread was built in the mid-90s, instead of the 1920s-era Biltmore, but it comes with all the wingdings of a lavish '90s penthouse in the sky, including a double-height living room just like the Everglades Suite, and all sorts of other interesting spaces.