real estate

It is well known that direct flights lead to tourism growth in destination cities around the world, including Miami. We believe that there is also a direct correlation between direct flights and the expansion of the real estate market in these same locations, particularly in a global, tourism-based city such as Miami.

Edgewater, the large neighborhood lining Biscayne Bay immediately north of Miami’s urban core, is still booming. Seven residential condominium towers are either under construction or in closings, with multiple rental apartment buildings under construction as well, and a plethora of other buildings have opened within the last ten or so years.

Internationally renowned designer Karim Rashid, king of the candy-colored woggle-shaped everything, has put his South Beach vacation place on the market for $589,000. The two bedroom condo, believe it or not, is actually designed in a more subdued version of Rashid at full flower. Yet it's still deliciously 'him.' Here are lots of pictures, plus what the brokerbabble has to say:

One of Coconut Grove's historic and exotic Chinese Village houses is back on the market after flipping on and off for the last few years, with a price cut of about $700,000 from its high in 2015. Listed for $1.175 million now, in 2018, the house was on the market for $1.6M back in 2016, and $1.895M in 2015, at the peak of the real estate boom.

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?

The Palm Bay Club was the destination for the fabulous glitterati of 1970s Miami. In 1965, Sports Illustrated called it 'Connie's Club for Homeless Glitterbugs,' referencing its creator Connie Dinkler. I found an old article somewhere that said Vidal Sassoon himself came once and did everyone's hair.

When the two tall, white townhouses were built behind the Bass Museum in 2006 and designed by Miami architect Chad Oppenheim, they were a bit of an enigma. They're on the market now for $6 million for the pair.

A prototype shipping container house that is currently on display in the Wynwood Yard and is arguably the first shipping container house in Miami-Dade County, is on the market for $250,000.

A few years ago. architect Rene Gonzalez designed the interiors and build-out of Unit 3701 at Icon South Beach for Ion Varouxakis, a Greek shipping magnate (yes, yes, that's a very Greek thing to be) who wanted an apartment modeled after his historic sailing yacht.

Thomas Kramer's former Star Island mansion is as wild as all the rumors say it is. Kramer was a playboy in the most bizarre sense of the word, making some smart real estate moves with his wealthy father-in-law's money but also getting involved in some wild flops, like a nightclub called 'Hell' that fizzled out after a few weeks.