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Bacardi Heiress Selling $25 Million Miami Mansion

October 18, 2017

Welcome inside the Bacardi Heiress $25 million Miami mansion. Completed in May 2016, ‘œCasa Constanera’ is located at 300 Constanera Road in Coral Gables, Florida. According to a post on CNBC, ‘œHilda Maria Bacardi, a relative of Bacardi founder Don Facundo Bacardi Masso, spent eight years meticulously choosing every detail of her mansion.’ The mansion will be featured on CNBC’s ‘œSecret Lives of the Super Rich’ on Thursday, October 19. See CNBC post

Listed by Douglas Elliman, the mansion boasts over 480 feet of waterfrontage on 1.3 acres with a residence featuring 12 bedrooms and over 34,000 total square feet. The waterfront mansion is listed by Elliman agents Barbara Estela and Hilda Jacobson. See Property Details

Are you interested in buying a South Florida mansion? Contact Douglas Elliman agents, Nicholas Malinosky and Randy Ely to discuss the possibilities.

Check out their current exclusive listing inventory including these oceanfront mansions:
6161 North Ocean Boulevard in Ocean Ridge, Florida listed for $24.95M
3545 North Ocean Boulevard in Gulf Stream, Florida listed for $20.95M

Nicholas Malinosky and Randy Ely also have several off-market opportunities available. Contact them today to get the conversation started.

Photo: Elliman.com

Great Week for Miami’s Condo Market and Douglas Elliman

October 4, 2017

It was a great week for Miami’s condo market. According to The Real Deal South Florida Real Estate News, the Miami-Dade condo market had an increase in activity last week with 190 units selling for a total of nearly $83 million. The top 10 deals ranged from $1.15 million to $8 million. See The Real Deal article

Douglas Elliman‘s South Florida agents contributed to the successful condo transactions last week. The most expensive sale was Regalia #14 in Sunny Isles Beach which sold for $8M and was listed by Chad Carroll. The second priciest sale of the week was a condo at St Regis Bal Harbour which sold for $5.83M and was listed by Senada Adzem. Douglas Elliman Delray Beach agents Nicholas Malinosky and Randy Ely congratulate their colleagues, Chad and Senada on their sales transactions.

Looking to buy or sell an oceanfront condo in South Florida? Contact The Randy and Nick Team to discuss the current luxury real estate market. Check out one of The Team’s Exclusive Listings at Las Olas Beach Club:
101 South Fort Lauderdale Beach Boulevard #1903 listed for $2.35M

Photo: Douglas Elliman

$350 Million Megamansion Is Most Expensive Listing in U.S.

August 17, 2017

A Bel Air home was just listed for $350 million making it the most expensive listing in the U.S. According to Global Mansion, Chartwell, a 1930’s chateau that belongs the family of the late billionaire Jerry Perenchio, went on the market August 7 as the highest price listing in the nation.

Other nine-digit listings include Opus, a Beverly Hills spec home listed for $100 million. The developer, Nile Niami plans to unveil another megamansion next year that will be listed at $500 million. Formula One heiress Petra Stunt is selling her home in Holmby Hills for $200 millio and the Playboy mansion sold for $100 million last year.

How do the select few luxury listing agents with homes in this price range market the one-of-a-kind mansions and find a billionaire buyer? Douglas Elliman CEO, Scott Durkin who is quite comfortable around major luxury sales was asked about selling megamansions. Durkin commented, ‘œThe marketing of a home of that price range requires you to completely wipe your board clean. Getting the home the most exposure you possibly can and targeting the audience, that’s really the goal. Once you’re north of nine digits, you can’t just wait for the phone to ring.’ Douglas Elliman brokered the most expensive Manhattan penthouse last year for $87.7 million as well as other nine-figure listings in New York City and the Hamptons.

Los Angeles’ finest luxury brokers share their marketing strategies and success stories in the Global Mansion article. See full article

Douglas Elliman Delray Beach Executive Directors of Luxury Sales, Randy Ely and Nicholas Malinosky are quite familiar with marketing and selling opulent oceanfront mansions in South Florida. With over 40 years combined experience and a sole focus on the beach area, Nick and Randy know that luxury oceanfront estates require a unique and thorough marketing strategy.

Randy & Nick are the exclusive listing agents for the most expensive listing to ever hit the Ocean Ridge luxury market. Check out this oceanfront mansion which is slated for completion this fall:
6161 North Ocean Boulevard, Ocean Ridge listed at $24.95 million See details

Please contact Nick Malinosky and Randy Ely for more details about this oceanfront mansion or to discuss the current luxury market.

Photo: Mansion Global

Knight Frank Reports on Luxury Real Estate Around the Globe

August 15, 2017

According to a Knight Frank, luxury residential real estate prices are on the rise in cities around the globe including Madrid, Berlin, Paris and Dublin. On the other hand, prices in China’s top cities declined. Knight Frank’s 2017 second quarter report tracks 41 cities worldwide.

According to Mansion Global, ‘œThe Knight Frank Prime Global Cities Index, which tracks luxury residential markets’”defined as the top 5% the housing market in each city’”rose 4.4% year-over-year by the end of June.’

European cities have seen a resurge in luxury residential prices. According to the Knight Frank report, ‘œFears surrounding the upcoming Brexit have, in part, led to a recognition of Europe’s comparatively affordable luxury markets’.

Other key facts:
San Francisco had the highest price growth among the four tracked US cities
Guangzhou leads the ranking with an annual growth of 35.6% in luxury real estate prices
Luxury prices in Hong Kong rose 36.2%
See Global Mansion article

Would you like to discuss South Florida’s luxury real estate market? Contact Nicholas Malinosky and Randy Ely with Douglas Elliman to discuss the current real estate market beach area.

Photo: Mansion Global/Nisa Maier/Getty Images

World’s #1 Male Tennis Player Sells Miami Condo

August 12, 2017

The world’s number 1 ranked male tennis player, Andy Murray just sold his Miami apartment for $2.375M. According to a Global Mansion article dated August 1, 2017, the condo sat on the market for over two years with numerous price reductions. The 3,415 square-foot condo is located on Brickell Bay Drive and has four bedrooms, five bathrooms and a game room.

The buyer’s agent commented, ‘œThe buyer is at.tracted by the unobstructed views, the luxury amenities of the building and its walkability to the happening scenes in Miami’. See Global Mansion article

Thirty-year-old, Andy Murray is the only two-time Olympic tennis champion. Murray purchased the unit in 2008 for $1.575.

Interested in buying a luxury oceanfront condo? Check out Nicholas Malinosky’s exclusive listing at Las Olas Beach Club in Fort Lauderdale:
101 South Fort Lauderdale Beach Boulevard #1903 offered for $2.35 million.

Photo: Global Mansion

Brazilian Buyers Return to South Florida

July 21, 2017

More than half of all Latin American millionaires are Brazilians which makes them a strong factor in the Miami luxury real estate market. ‘œAfter two bad years, the up-and-down Brazilian economy appears headed toward a gradual recovery, and many wealthy Brazilians think it’s a good time to protect their money and move some capital out of the country.’ Many buyers are purchasing second, third, or even fourth luxury homes as well as income-producing properties.

Historically, investing in South Florida has led to favorable returns and some Brazilians are even looking to make Miami their year round home. ‘œFor Brazilians, Argentinians, Mexicans, Colombians, and Venezuelans, Miami has become the defacto capital of Latin America in the United States. It’s bilingual and bicultural, a welcoming second home that is both cosmopolitan and fun. They understand Miami’s vibe, thanks to the generations of Cubans who began flocking to the city in the 1950s and ’60s.’

Brazilian buyers typically purchase the more expensive units as they really appreciate the high end finishes and craftsmanship. This goes not only for real estate and architecture, but also for fashion and luxury brands. With the growth of designers available at Bal Harbour Shops, The Design District, and Wynwood, Miami’s luxury fashion scene is on the rise as well.

Of course, the exchange rate is a key factor for Brazilian acquisitions. ‘œAs the value of the Brazilian real drops against the dollar, it prompts investors to shelter their money in dollar-dominated assets like South Florida real estate’ says developer Louis Birdman. The stabilization of their economy and political turmoil seem to be looking up; however, the crime in their country still prohibits them from having the luxury of driving the type of car or wearing the watches or jewelry they would like which makes South Florida that much more desirable.

Douglas Elliman CEO, Jay Parker tells us, ‘œMore and more Brazilians are looking to the United States and specifically Florida, not just for a second home, but for a full relocation’.

With over 40 years combined experience in the South Florida luxury real estate market, Douglas Elliman agents, Nicholas Malinosky and Randy Ely know that many luxury buyers come from the Brazil. If you are interested in more information about the luxury market, please contact Nick and Randy today.

The Biggest Mall in America Proposed for Miami

May 12, 2016

According to The Real Deal South Florida, Miami could soon be home to the biggest mall in America. Triple Five is planning American Dream Miami with a target opening in 2020. The Miami development will combine entertainment and shopping on 200 acres with 6.2 million square feet of floor space and 3.5 million square feet of leasable retail space (1 million more than Mall of America located outside Minneapolis and also owned by Triple Five).

Taken from the National Retail Market Report, the article explains the plight of the shopping mall over the last decade. In order to combat internet shopping, ‘œsome developers are building bigger and more extravagant shopping centers than ever before. In addition to having a greater diversity of stores and restaurants, these next-generation malls are relying heavily on entertainment to drive sales.’ John Spina further explains in the Real Deal article that ‘œthe top retail developers are now selling an experience with retail present, and not the other way around.’ The new malls will combine amusement parks, fashion shows, celebrity chefs and stunning architecture to attract consumers. Green Street Advisors, a California-based real estate think tank noted that ‘œit’s advantageous for a mall to be able to support high-value luxury retailers of goods that people are less likely to shop for online.’ For example, Tiffany & Co. is the retailer with the highest amount of sales per square foot.

American Dream Miami is hoping to include a water park, ski slope, theme park, live entertainment venue, movie theaters, lake with submarine rides, outdoor fishing an Art Deco village and more. In order to create the ‘œultimate family experience’, the destination mall will offer a wide variety of restaurants and a moderately priced 2,000-room hotel. See Plans for Mall

Triple Five is also planning American Dream Meadowlands in New Jersey to open in 2017. The mall will not be as large as the Miami project, but promises to offer a wide variety of shopping and entertainment venues. There are several other destination shopping projects planned across the United States. Century City in Los Angeles is planning a relaunch in 2017, Miami Worlcenter is targeted to open in fall 2018, Sacremento Railyards is a large-scale retail development set to open in phases over the next several years and Luxury Point in Sayreville, New Jersey is set to open in phases over the next few years. See Full Article

How would you like to live near the soon-to-be largest mall in America? Miami is a short distance from the Palm Beaches. Contact Nicholas Malinosky about buying a luxury home in the beach area. Mr. Malinosky is ready to help you achieve your luxury real estate goals.