In recent years, Miami has seen more and more buyers come from all over the world looking for the best South Florida home. The luxury housing market, comprised of homes priced at $2 million and above, has changed over the past fifteen years. According to Jorge Uribe, Senior Vice President at ONE Sotheby’s International Realty, homebuyers are becoming increasingly attracted to Miami as a place to live and not simply a vacation destination.
Mr. Uribe says that properties deemed “luxurious” often promote themselves because of their lavish features and desirable location. Although, homes in this price range typically spend more time on the market than other types of residences. This shouldn’t be a problem for Mr. Uribe, though, who works mostly with buyers involved in private equity or hedge fund industries. Generally, his clients already have multiple homes and are in the financial position to purchase an additonal home on impulse. Currently, Mr. Uribe’s most luxurious listing is a property in Key Biscayne on the market for $60 million.
ONE Sotheby’s International Realty will be celebrating 35 years of the Sotheby’s Latin American Art Department. The event will take place November 25th through the 26th in NYC and will feature an auction of select works from leading 20th century Latin American artists. ONE Sotheby’s is pleased to have the opportunity to commemorate the occasion, and be given a platform to showcase our top listings and latest developments to the ultra high net worth elite.
Fernando Botero’s La casa de Las gemelas Arias, pictured above, will kick off the Latin American Modern and Contemporary Evening sale, with exceptional pieces by artists from Brazil, Venezuela, and Mexico to follow. A number of talented Latin American artists will be participating, including Gabriel Orozco, Francis Alÿs, Gabriel de la Mora, Pedro Reyes, and Miguel Calderón.
Click here for a detailed list of the pieces up for auction or to register for bidding.
At ONE Sotheby’s International Realty we’re proud of our firm’s standing as the leader in South Florida luxury sales, but what makes our agency truly exceptional is our team of outstanding and dynamic agents. To showcase our talented team, we’ll be spotlighting some of our Global Real Estate Advisors and the hobbies that shape both who they are and the professional philosophies they bring to the table that make our firm number one.
As a national rowing champion and Key Biscayne native, Natalie Eisermann is not only familiar with the neighborhood’s waterfront culture — it’s practically second nature to her. A family sport, Eisermann grew up rowing since the age of 12 and rowed throughout high school where she competed in the world championships. After college at the University of Michigan, she kept up with her activity. She recently had the honor of competing at the annual Head of the The Charles Regatta, the largest two-day rowing competition in the world. The regatta attracts about 300,000 spectators and nearly 9,000 athletes competing in 61 events, but despite the heavy competition she still placed and won a Head of The Charles medal. Though she no longer competes on a national scale, Eisermann still rows for fun every morning often joining her ONE Sotheby’s colleague Clemente Sanchez, who also competed nationally for Cuba. Clemente also competed at this prestigious Head of the Charles race and continues his athletic excellence.
While her upbringing on Key Biscayne has prepared her for a unique understanding of the luxury real estate market, her background as a competitive rowing champion has taught her the hard work and determination necessary to be successful in the real estate industry. We’re proud of Natalie Eisermann and her contribution to the success of ONE Sotheby’s. Stay tuned as we continue to spotlight our agents and the activities that make them, and our firm, exceptional.
On November 6th, we celebrated the opening of the Metropica Sales Gallery in Sunrise, Florida. The 4-million square foot project promises to offer everything you ever wanted in a community, including Wi-Fi equipped outdoor areas, five-star health and fitness facility, resort-style beach club, rooftop recreation, and a movie theater. The concept behind Metropica is one that challenges traditional ideas of luxury living and creates a utopic community that is both modern and urban. The plan for this whimsically orchestrated and meticulously planned city-within-a- city is to present a new way of life to its residents. Whatever the need, whatever the desire, it’s at Metropica.
The Grand Opening Event attracted South Florida’s top realtors and industry leaders. The event began with a ribbon cutting with the project developers followed by a panel led by The Real Deal Magazine on the growth of Broward real estate. After the panel guests enjoyed cocktails, bites and live music in the new Sales Gallery. For more information on the project and to learn about the residences available at Metropica visit: www.livemetropica.com or visit the Sales Gallery located at: 1800 NW 136th Street, Sunrise, FL 33323 or in Brickell at 999 Brickell Ave. PH2, Miami, FL 33131.
After the incredible sales success at Brickell City Centre’s first condo tower, Reach, we are very excited to introduce the project’s second residential tower, Rise Brickell City Centre. Today marks the sales launch of the latest condo developed by the Brickell area visionaries at Swire Properties and designed by Miami-based powerhouse firm Arquitectonica.
The 43 stories offer 383 cosmopolitan residences poised atop a meticulously concepted, urban community. Rise residents will be directly connected to the most dynamic real estate development in our city’s history, with access to an urban playground of influential retailers, offices, cinematic entertainment and chef-driven restaurants. The Rise Brickell City Centre community will find themselves amongst elite company at the intersection of exclusive tranquility and cosmopolitan Downtown Miami.
ONE Sotheby’s latest TRENDS Market report offers an overview of the Miami-Dade and Broward markets in the third quarter of 2014. Number of transactions, average price, median price, average price per square foot, and average days on market are all reviewed and accompanied by the percentage of change in those categories since this time last year.
It’s business as usual in Miami, the area in the spotlight now more than ever. A total of 851 transactions of properties over $500K occurred in Miami-Dade County during the third quarter, selling at an average price of $1,378,571 with an average price per square foot of $474 following an average 187 days on market. Miami has always attracted buyers for many obvious reasons, but as of late, beauty and climate aren’t the only things that keep customers coming back. The unique culture found in Miami seems to be one that is exclusively their own, and Miami properties offer some of the most desirable prices of large metropolitan areas, making it a great option for those in search of a second-home or investment. Naturally, these factors combine to make it one of the strongest housing markets in the country. Click here to see the entire TRENDS report for Miami-Dade.
Only mere miles north of Miami, and often overlooked by it, you will find Broward County. Don’t be fooled by the shadow Miami’s popularity casts, the pristine beaches of Hollywood, Hallandale, and Fort Lauderdale need no help holding their own with a total of 637 third quarter transactions of properties over $500K selling at an average price of $897,316 and an average price per square foot of $274 after 137 average days on market. Broward has definitely felt the effects of the overall growth of South Florida, catching the attention of international buyers and developers alike. While single-family homes and condos remain the majority, it won’t be long before luxury residences are introduced to the area. Click here to view the full TRENDS report for Broward County.
After reviewing the statistics presented in the ONE Sotheby’s Third Quarter TRENDS, it is safe to say that the real estate market throughout South Florida is doing well and that the area will continue to be a destination for homebuyers and developers well into the foreseeable future.
Swire Properties is beyond pleased to announce that 70% of the first residential tower at Brickell City Centre, known as Reach, has been sold since its May launch! The inaugural tower of the initial phase of the Brickell City Centre project, Reach will boast 43-stories containing 383 luxury condos equipped with a wide selection of amenities. The rapid progress of the Reach tower sales has become international news, even making it into the South China Morning Post!
A $1.05 billion mixed-use development conveniently located in the heart of Brickell’s financial district, Brickell City Centre is expected to completely transform the downtown Miami area with its shear sophistication. Spread over 9.1 acres, the entire project will include over five million square feet of space used for office, residential, hotel, retail, and entertainment purposes-making it the largest project currently underway in the area. Reach and the rest of Brickell City Centre are largely expected to redefine the standards of urban living in South Florida and will likely succeed in doing just that.
ONE Sotheby’s International Realty succeeds in selling the most exquisite luxury homes on the market quarter after quarter- the third quarter of 2014 was no different. More than 400 agents in nine offices spread throughout Miami-Dade and Broward Counties continue to impress with their consistent sales of the most luxurious homes South Florida has to offer.
Here’s a detailed look at the top five sales for the third quarter of this year.
The Sotheby’s brand is passionate about connecting with new clients and qualified buyers. A new video from Auction House experts illustrates the simplicity of participating in a Sotheby’s auction, connecting audiences with important information digitally. The “how-to” applies universally across sales which occur in over 50 different categories. Refer to the video to prepare for the slew of Auctions scheduled throughout November, starting Nov 4th in NYC.
Particularly when it comes to art, an auction is the simplest and most trusted way to buy. Interested parties will navigate to Sothebys.com to browse the complete catalogue of art for sale or can download the Sotheby’s Catalogue iPad app from the iTunes stores. Galleries are installed the week before the sale to allow for visitors, all exhibitions are free and open to the public.
Once you have found your item of choice, it’s important to register to bid at least 24 hours before the auction at sothebys.com. Bidding in the sale room is as easy as raising a paddle. If you’re not able to attend, a Sotheby’s telephone bidder will relay bids on your behalf. You decide when to stop bidding! The thrill of acquiring a painting starts at auction but the pleasure of owning it lasts a lifetime. Please reach out if you have questions about this process or would like to learn more about the Sotheby’s network!
Fort Lauderdale is the “Yachting Capital of the World” for a reason. The luxury, waterfront community is lined with picturesque estates outfitted with slips which can accommodate the world’s finest watercraft. ONE Sotheby’s luxury listings in Broward County offer the entryway to the oceans which is why we’re excited to welcome the world’s largest boat show in the world!
From October 30th through November 3, our agents will be attending the 55th Fort Lauderdale International Boat Show to showcase our luxury listings to boating professionals & enthusiasts. Show exhibits range from yacht designers to exotic cars and brokerage yachts. A wide variety of boats and sea vessels will be on display and superyacht friendly homes in the area will also be available for private showings. Reach out if you need more information on waterfront ONE Sotheby’s listings in Fort Lauderdale.
Trends Market Report
Get exclusive market data and trends for South Florida real estate.