What Happened
South Florida's real estate market has seen a surge in activity, with several record-breaking deals and new developments in the region. In the construction sector, the largest new building permit issued last week was for a $130 million project at 3070 Southwest 37th Avenue in Miami. The permit is tied to the fourth and final tower at the Link at Douglas mixed-use development near the Douglas Road Metrorail station.
Luxury Sales
In the luxury market, a former CIA executive director sold his Palm Beach mansion for $28.9 million, while a new $55 million Fort Lauderdale waterfront estate, dubbed Ember House, has set a record for the highest-priced residential listing in Broward County. The estate, designed and developed by Prestige Homes Development founder and CEO Dov Stark, features six bedrooms, 11 bathrooms, and 145 feet of waterfrontage.
New Developments
A Swiss investment and private equity firm, Partners Group, plans to build a Breitling condo tower in Brickell, adding to the region's growing pipeline of branded residences. The project, called B Residences, will rise 70 stories and consist of more than 300 units, as well as a 45,000-square-foot, two-level private B Social Club for residents.
Key Numbers
- $55 million: The record-breaking asking price of the Ember House estate in Fort Lauderdale
Key Facts
- What: Listing of the Ember House estate for $55 million
- Impact: The listing sets a record for the highest-priced residential listing in Broward County
What Experts Say
"The South Florida real estate market is booming, with a surge in luxury sales and new developments." — Christian Angle, Christian Angle Real Estate
What Comes Next
The South Florida real estate market is expected to continue its upward trend, with more luxury sales and new developments on the horizon. The proposed Breitling tower in Brickell and the record-breaking Ember House estate in Fort Lauderdale are just a few examples of the region's growing appeal to high-end buyers and investors.
What Happened
South Florida's real estate market has seen a surge in activity, with several record-breaking deals and new developments in the region. In the construction sector, the largest new building permit issued last week was for a $130 million project at 3070 Southwest 37th Avenue in Miami. The permit is tied to the fourth and final tower at the Link at Douglas mixed-use development near the Douglas Road Metrorail station.
Luxury Sales
In the luxury market, a former CIA executive director sold his Palm Beach mansion for $28.9 million, while a new $55 million Fort Lauderdale waterfront estate, dubbed Ember House, has set a record for the highest-priced residential listing in Broward County. The estate, designed and developed by Prestige Homes Development founder and CEO Dov Stark, features six bedrooms, 11 bathrooms, and 145 feet of waterfrontage.
New Developments
A Swiss investment and private equity firm, Partners Group, plans to build a Breitling condo tower in Brickell, adding to the region's growing pipeline of branded residences. The project, called B Residences, will rise 70 stories and consist of more than 300 units, as well as a 45,000-square-foot, two-level private B Social Club for residents.
Key Numbers
- $55 million: The record-breaking asking price of the Ember House estate in Fort Lauderdale
Key Facts
- What: Listing of the Ember House estate for $55 million
- Impact: The listing sets a record for the highest-priced residential listing in Broward County
What Experts Say
"The South Florida real estate market is booming, with a surge in luxury sales and new developments." — Christian Angle, Christian Angle Real Estate
What Comes Next
The South Florida real estate market is expected to continue its upward trend, with more luxury sales and new developments on the horizon. The proposed Breitling tower in Brickell and the record-breaking Ember House estate in Fort Lauderdale are just a few examples of the region's growing appeal to high-end buyers and investors.