A “hidden gem” island that happens to be a stone’s throw from two of the most exclusive places in the world may not be hidden much longer as it hits “record highs” in home prices. Hypoluxo Island, a quick hop west of Palm Beach and north of Manalapan, has seen valuations surge as buyers—priced out … Read more
A penthouse at Murano Grande in South Beach led a slow week of new signed contracts in Miami-Dade County. The pending deal for the nearly $15 million condo marks the most expensive of 11 contracts signed in Miami-Dade between Nov. 24 and Nov. 30, according to the latest Eklund-Gomes report. It tracks listings of homes … Read more
The Malibu beach house that rapper Kanye West famously gutted—then abandoned—is being turned into a unique members-only timeshare opportunity after the latest owner was threatened with foreclosure, having defaulted on his $18.5 million mortgage. West’s former home, which he sold as a bare bones shell, is currently owned by developer Steven “Bo” Belmont, CEO of “real … Read more
Deep in Palm Beach County, out where the suburbs meet the swamp, dirt has turned to gold. The miracle has unfolded behind the guarded gates of Stone Creek Ranch, a community in an unincorporated part of the county near Delray Beach, where just 37 homes occupy 187 acres. It is about as far inland as … Read more
JPMorgan added another South Florida commercial property to its real estate portfolio, spending a combined $77 million this month after acquiring a Miami Beach bank building and a Coral Springs shopping center. In the most recent deal, the New York-based bank, led by CEO Jamie Dimon, paid $23.5 million for the 25,030-square-foot building housing JPMorgan’s … Read more
Commercial real estate investor Robert Rivani paid $23 million for a waterfront Miami Beach mansion, The Real Deal has learned. Rivani, who leads his Miami-based firm Rivani, formerly called Black Lion, plans to spend millions of dollars to renovate the 9,200-square-foot mansion at 16 Palm Avenue, according to sources. Rivani lives in Miami’s Morningside and … Read more
A Marion Sims Wyeth-designed compound in Palm Beach’s Estate Section has just hit the market for $59 million—just over a year after it was purchased by two neighbors who planned to raze the Florida property and split the parcel to expand their respective dwellings. The nine-bedroom estate, which is nestled in the Trump security zone … Read more
A year after launching the Berkeley, Al Adelson and the Morrison family’s Sympatico Real Estate brought in Douglas Elliman to lead sales for the West Palm Beach condo project. Adelson, who is known for developing the waterfront Bristol tower in West Palm Beach, and the Morrisons have partnered with Douglas Elliman Development Marketing for Adelson’s … Read more
A Palm Beach, FL, mansion that is nestled within the presidential security zone that surrounds President Donald Trump‘s Mar-a-Lago resort has hit the market for $19.5 million—offering a premier level of privacy enjoyed by just a handful of people on the globe. Located just two blocks away from Mar-a-Lago, which Trump and his wife, Melania … Read more
Billionaire Jeffrey Soffer’s plan for a water park at his Fontainebleau Miami Beach resort is caught in a tidal wave of opposition. At a Tuesday meeting of the Miami Beach Historic Preservation Board, neighboring residents, city activists and board members slammed the proposal to redevelop the 1,504-room oceanfront hotel’s outdoor pool area into a family-oriented … Read more