A penthouse at the Downtown Miami luxury high-rise designed by Zaha Hadid has sold for $13 million according to a report in today’s South Florida Business Journal. This tops the $11 million sale for one of the building’s apartments earlier this month. One Thousand Museum has 62 floors with 83 residences. Floor plans range from […]
Year to date, the greater Downtown Miami area has added 516 residential condominiums; 2,139 rental apartments; 90,000 square feet office space; and 118,266 square feet of retail space; and 1,780 theater seats. At our current rate, and with current construction expected to be completed this year, we will easily exceed 2018 totals for rental apartments […]
Earlier this week, construction officially began on phase one of development at 400 Biscayne Boulevard across from Bayside Marketplace in downtown Miami. The 49-story high-rise mixed-use project will include private and co-living “smart rental” units featuring keyless entry and control of the audio, video, and thermostat from a mobile app on the tenant’s phone. The […]
The Downtown Miami zip code area 33132 currently has 1059 active listings with 126 median days on the market. The median listing price is $474,370. After a precipitous drop in November 2018, median sold prices continue their steady climb; however, rising inventory levels could be signalling another price adjustment for this area. Housing Market Trends […]
According to our Miami Area Report for May 2019, the City of Miami residential real estate market is continuing to improve year-over-year. Median selling prices are up by 7.02% while median days on market have decreased by 24.32%. After hovering around a “normal, balanced” market for the past year, supply of inventory dropped dramatically in […]
Residential condominiums in Downtown Miami’s zip code area 33131 have a median listing price of $512,590, and median days on market of 163. There are 1903 currently active listings, with just 0.2% noted as “distressed listings”. After a dramatic drop in third quarter 2018, median sold prices are again slowly rising; but so is inventory.