Bloomberg reported on a Morgan Stanley Wealth Management team finding which declared that US millionaires see real estate as the top alternative-asset to own this year. As specialists in luxury real estate, we’re excited to report on this trend. The MS Wealth Team released a survey amongst investors which found that direct ownership of residential and commercial properties was the number 1 alternative-investment pick for 2014. 33%, the largest segment of the group, indicated that they planned to buy this year. 23% will invest in real estate investment trusts.
Kai at Bay Harbor – A prime target for luxury buyers in the South Florida market
Factors which help this trend along include the rebounding real estate market in the US, where fixed-income yields are very low and equities strong. Another helpful force are the foreign buyers who have been actively snatching up very high end real estate. These wealthy foreigners bought properties as a security as transactions occur in dollars, and this allows domestic millionaires to maintain the value of their properties. This is also driving competition which in turn drives prices up. To discuss more helpful luxury real estate trends, call a ONE | Sotheby’s International Realty estate agent.
New World Symphony, America’s Orchestral Academy, honored the prestigious organization’s top donors and influential leaders at a cocktail hosted at the One Thousand Museum sales gallery in downtown Miami. The experience included a special performance by an ensemble of New World Symphony Fellows including, Andrew Lawson, Amos Fayette, Kallie Ciechomski and Thomas Hofman. VIP guests enjoyed the show and also sipped on champagne while browsing through the Sales Gallery designed by Zaha Hadid Architects.
For more information on One Thousand Museum Visit: www.1000museum.com
Bellini Williams Island celebrated its inauguration with a fabulous ribbon-cutting event that was attended by the area’s top brokers and industry leaders. Developer Martin Z. Margulies was accompanied by the Mayor of Aventura Susan Gottlieb for the official ceremony and also the grand unveiling of a sculpture by artist Michael Todd that he donated to Williams Island. Guests enjoyed cocktails and bites and got a chance to see the newly completed tower and all of its luxurious finishes and amenities.
ONE Sotheby’s International Realty is the exclusive sales and marketing force behind Bellini Williams Island. For more information about available units and to learn more about the project contact us or visit www.belliniwi.com
Business Insider ran an article titled “Miami Is Wall Street South” earlier this week highlighting a growing trend with local and global implications. The viral article surprised many, but communicates behavior observed by ONE SIR. The thesis was that Miami is the new Manhattan, and the writers argued their case by supplying various examples of Miami as a hub of all things luxury. The article was unleashed after industry experts identified a clear trend of top Wall Street leaders and hedge funds migrating their homes and firms South. Magnates of industry were quoted extolling DWNTWN campaign policies enacted by The Miami Downtown Development Authority as more reasonable and friendly to their wallets. A Miami presence also strategically positions firms to take advantage of a growing Latin American client pool.
Miami Is The New Manhattan
You’re asking – where’s the catch? But it’s pretty simple. Lower taxes and lower cost of living compared to NYC doesn’t mean that residents have to sacrifice. As we know, Miami’s less expensive homes in the fabulous South Florida weather are more spacious, private, and in closer proximity to white sandy beaches. ONE SIR is exclusively representing many of Miami’s upcoming developments led by internationally prominent real estate titans, a sign that luxury housing momentum is only ramping up. And with all that money being saved, you can plunder the many luxury shops and car dealerships available in the city leading the nation in luxury car sales. Or take advantage of the boating opportunities afforded Miami which boasts the largest port in the world. We would go on and on about the premier restaurants and nightlife which mirror and exceed NYC establishments but we’ll lead you decide for yourself. And call a ONE | Sotheby’s International Realty agent once you join the movement South to paradise.
Neighboring exclusive communities—Hughes Cove and Cocoplum—offer residents the privacy of a gated community and all the natural beauty of Coconut Grove. Both are extremely coveted and luxurious communities in Miami, with homes that are unique and as breathtaking as the oceanfront and sunset view they provide their residents.
3310 Devon Court - a luxurious gated and timeless modern-day Italian Villa is tucked away in a 24/7 manned entrance in Hughes Cove that includes a tennis court, boat dock, and park.
3314 Devon Court - This contemporary Mediterranean Villa is the one of most private and exclusive gated residential homes in Hughes Cove. The 10,000 square foot home includes an elevator, a Bizzaza tiled roof-top terrace, a library, gourmet kitchen, bedrooms with en-suite baths and staff quarters.
277 Marinero Court- An oversized lot that is unmatched by anything else on the market, this beautiful Italian villa equipped with an elevator, heated pool, media room and outdoor summer kitchen is a treasure in the securely gated Cocoplum community.
272 Marinero Court- An elegant Mediterranean estate is perfect for formal living and dining as it includes a beautiful breakfast room, gourmet kitchen, family room and great indoor/outdoor entertainment, heated pool, spa, and a custom dock.
One of Miami’s most anticipated events this month is the South Beach Wine and Food Festival hosted by the Food Network with a slew of celebrity chefs that visit our city from all around the country. From Anthony Bourdain to Giada De Laurentis, they arrive armed with delicious recipes for incredible events that delight even the pickiest eater. In honor of the occasion we’ve rounded up the most incredible ONE Sotheby’s listings that are equipped with gourmet kitchens, wine cellars and more that will impress any kind of chef.
7737 Atlantic Way
This stunning home is part of the Altos Del Mar waterfront community. It features a spacious kitchen for entertaining as well as a summer kitchen that is ideal for outdoor gatherings with expansive views of the water.
1600 Ponce de Leon
Priced at $32,000,000 this estate is one of the most impressive in our portfolio. It has two complete kitchens and a wine cellar to store even the largest collection of fine wines.
161 Cape Florida Drive
This extraordinary Key Biscayne home boasts a completely modern kitchen fit for an iron chef. With ample storage and counter space, this kitchen would even impress the judges of Top Chef.
4060 Kiaora Street
This Coconut Grove estate has a spacious kitchen, top-of-the-line appliances, two extra large refrigerators and even a wine cellar that can double as a dining room.
791 Crandon Blvd. Unit #808
This palace in the sky has direct views of the water as well as a complete modern kitchen, formal living area and dining rooms for the person that loves to entertain.
1500 Ocean Drive unit T1
This Ocean Drive gem is the epitome of elegance. The residence has a glass wine cellar that beautifully displays a large collection. The modern kitchen with hidden appliances as well as a modern kitchen with hidden appliances will be sure to catch your eye.
2900 NE 37th Street
This property has one of the most lavish kitchens on the market. Not only does it have the most luxurious countertops, cabinetry and appliances, it is also equipped with a convenient butler’s kitchen that make the home a convenient place to host events.
The once legendary Blue Monster officially reopened in early February; the famed course is the main event at the entirely revamped Trump National Doral Resort. The man responsible for the green momentum is Donald Trump, a golf fan with deep ties into the Miami real estate market. The new course pays homage to it’s rich history while adding in difficulty with carefully constructed natural obstacles like bigger lakes.
Trump National Doral’s Blue Monster course reopened in early February 2014
Trump originally purchased the resort in 2012 for $150 million and immediately went to work on the 800 acres of prime Miami land. Trump hired Gil Hanse to oversee the architectural designs, which would result in conditions perfect for golf championship drama and fan experience. But Trump has plans to continue adding major upgrades to the hotel as well as the Red and Gold courses which are set to open in September.
13693 Deering Bay Dr – Golf Property listed with ONE Sotheby’s International Realty
Take advantage of this South Florida landmark as well as a favorite South Florida past time; tee times are available to the public now. For more information on golf properties in the Sotheby’s International Realty network, check out the brand’s speciality website. Or directly link to golf properties in South East Florida and contact ONE | Sotheby’s International Realty to work with specialized brokers who know their way around top fairways.
On the fairway – 13693 Deering Bay Dr Listed with ONE Sotheby’s International Realty
In anticipation of this year’s Miami International Boat Show happening February 13th- 17th, we bring you the most exclusive waterfront listings in South Florida that are perfect for the yachting lifestyle. These homes feature incredible dockage possibilities, amazing views and all the luxury amenities any boat aficionado is looking for.
9 Harbor Point Tucked away in Key Biscayne, this estate has expansive areas both inside and out. Located directly on the water, this is the type of home that is ideal for entertaining or even kicking back and relaxing.
1821 West 24 Street This waterfront home on Sunset Island III has 100 feet of waterfront along with a breathtaking pool and outdoor area and nearly 6,000 square feet of living space.
6550 Allison Road This Mediterranean estate has 21,600 square feet of living space and 100 feet of water frontage that can be used to dock a luxury water vessel. The home has been renovated and the kitchen features top of the line appliances.
90 Leucadendra Drive This plot of land in Gables Estates has 255 feet of deep -water dockage and is the perfect opportunity to build a dream home. It’s located in front of the open bay allowing the dockage of large yachts and other vessels.
Miami and national media is buzzing about the hottest property back on the market and in typical fashion, ONE | Sotheby’s International Realty agents are at the center of it all. Miki Curkoski and Albert Justo are the brokers representing 93 Palm Avenue on Miami Beach where the most legendary mobster of all time called home. Listed at $8.45 million, the waterfront property was restored before being sold to the current sellers in June 2013 for $7.34 million.
Al Capone Home – Listed with ONE SIR
It’s location on a guarded Miami Beach Island with 100 feet of water frontage, makes this private setting attractive to high end buyers seeking tranquility. It’s also a veritable estate with a main house, a two story guest house, oversized pool, two story cabana, and a private beach overlooking the bay. We will continue to provide updates on trending sales as ONE SIR brokers leverage their qualified networks and Sotheby’s marketing channels to list newsworthy properties. Review all ONE SIR listings on our website and call for further information.
One Thousand Museum, one of our exclusive developments, has received its Federal Aviation Administration approval. The towering starchitect-designed condo set for construction in Downtown Miami, was presented with its Letter of No Hazard for aircraft arriving or departing from Miami International Airport last Friday. The project is the first skyscraper Pritzker prize-winning architect, Zaha Hadid, has constructed in the Western Hemisphere and we couldn’t be happier they’ve been FAA approved!