The Light Group Is Once Again Honored With Douglas Elliman’s Pinnacle Award At The 2024 Ellie’s Posted on March 15, 2024March 16, 2024 by Sarah Elles Boggs After a whirlwind of a year in Miami’s exciting real estate world, we are very honored to have been recognized at Douglas Elliman for our performance in 2023. Each spring, the company tallies up the sales figures using several different metrics in order to see which agents and teams are performing at their peak. For the second year in a row, The Light Group has taken home an Ellie for the Pinnacle Award, meaning that we have transacted in the top 3% of all Douglas Elliman agents nationwide. This metric includes offices in markets such as New York, California, Texas, Colorado and of course Florida. Being honored at this level is quite a feat as there are over 7,000 agents in 113 offices all vying for the prize. The Metrics Given that we service several different types of transactions, there were three main metrics that contributed to our status as a Pinnacle Team. GCI (gross commission income) is a value that reflects the volume of closings we have facilitated over the last year, which is different than the number of transactions. The Light Group was honored for our GCI in both rental and sale transactions as well as for the number of rental transactions we facilitated during 2023. We are doubly proud to have orchestrated the systems needed in order to facilitate so many types of transactions. Whether helping our clients to list properties, find a location for a purchase, finding a tenant for a rental investment or finding a rental property for a tenant, we are well-equipped to help with transactions of all sizes. Quality of service is something that we regard with the highest importance, we are diligent in assisting as many new and existing Miamians as possible. The Light Group Team Naturally, none of this could have been possible without the dedication of our carefully-formulated team. Each member of The Light Group Team at Douglas Elliman has been chosen for a purpose and embraces their position proudly. Clients of The Light Group do not experience agents who simply show up to open a door and sign a contract. Miami real estate is more than just showings and closings, rather it is curating the lifestyle our clients have in mind. We utilize our ever-evolving knowledge of the local markets, neighborhood characteristics and sweet spots of opportunity together with our finely-tuned systems and processes, negotiation prowess and communication skills to usher our clients in or out of their properties seamlessly. Looking Ahead While naysayers are always whispering in the wings, Miami’s luxury real estate market is showing no signs of slowing down. The limit on luxury continues to be pushed upward and sales have been so brisk that we are relying more and more upon our insider contacts to be the first brokers with offerings such as The Four Seasons Private Residences in Coconut Grove and The Residences at Mandarin Oriental on Brickell Key. On Miami Beach, new developments are experiencing similar demand with quiet sales offerings at The Ritz Carlton South Beach and The Shore Club Private Residences. Many people have the misconception that working in real estate is easier when the market flourishes in the way that Miami has over recent years. Nothing could be farther from the truth. When the real estate market is booming, it becomes even more competitive and strong relationships are necessary in order to compete for the needs of our valued clients. We are very eager to see how the luxury and ultra-luxury markets continue to evolve over the coming years. If you have considered making a move or an investment, we would be honored to work with you as well. Please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman in order to go over your Miami area real estate goals and needs. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
The 2024 Douglas Elliman | Knight Frank Wealth Report Is Here – Tides Are Changing In Miami Posted on March 6, 2024March 8, 2024 by Sarah Elles Boggs The Douglas Elliman | Knight Frank Wealth Report is here again for the 18th year, and there is some very special news about the Miami luxury and ultra-luxury market. In the 2024 report, we see that Miami has hit an unmistakable inflection point. Change is upon us and there is no going back. So where are we headed? To browse the 2024 Douglas Elliman | Knight Frank Wealth Report in its entirety, you may click here for a free copy to download immediately. Out With The Old – Miami Has Changed It used to be that mentions of Miami Beach conjured up thoughts of Cocaine Cowboys and wild Spring Breakers. This is no longer the case. The Cocaine Cowboys days are now just a Netflix novelty and w hile the Spring Breakers are still interested in Miami, the sentiment is not shared. This shift has been in the works for years, with locals calling for a stop to the unhinged lawlessness. After a particularly wild season in 2023, Miami Beach introduced strict new guidelines for peak weekends in order to quell the interest. There was even a cute PSA that was released, letting Spring Breakers know that we are breaking up with them. The PSA and hefty guidelines seem to have been effective. According to Google Trends, Miami was the #1 searched city for Spring Break destinations in most of the United States, yet the season has been extremely peaceful this year. You can see on this live walking tour of the beach today, the sand is clean and everybody is relaxing. Now that we have made our point about having outgrown our past, we can embrace the future of Miami and Miami Beach. Luxury Competition The Miami Beach luxury real estate market has been on an upward trajectory for a few year (since COVID to be exact), but we are now entering into uncharted territory. Even billionaires now struggle to get a slice of the South Florida waterfront, according to the Wealth Report. Developers have been working tirelessly to keep up with the demand for sophisticated boutique developments in prime locations. While Miami Beach and Miami have long been havens for vacation properties, one of the main differences we are seeing is that buyers are searching for full-time residences. The world has learned that Jeff Bezos saved $600 million for relocating his home base to Indian Creek Island in Miami Beach. This is not an uncommon phenomenan. Kenneth Griffin relocated both his personal and professional headquarters to Mainland Miami, bringing thousands of hungry financiers with him. The Wealth Report indicates that driver’s license changes are up 78% in the first 9 months of 2023, an indicator of the volume of new Miamians we are gaining. Rendering of the Ritz Carlton/Sagamore South Beach Growing Pains The unprecedented growth of the Magic City has not come without pain. The single family market has cooled as buyers began to pull back from the demands of sellers, although growth was still pronounced. Our local infrastructure is also hustling to keep up with the demands. We brushed on this yesterday for 305 Day, speaking about the increased competition for a limited number of private school spots. In the meantime, UHNW parents are bringing their New York A-game in order to win a coveted spot for their students. Another growing pain is one that we cannot get around. Miami has only so much land, and what we do have is largely built-out. The only solution is vertical construction. This lack of supply will protect current pricing and force it to continue upward in the coming years. Future-Focused Strategy Because we are still early in the migration cycle, it is incredibly possible to reserve a property in the preconstruction phase and sell it once the development comes to fruition. Multiple investors have undertaken this strategy, whether they could not decide which project is a better fit or if they were strictly looking at the transaction for the upside potential in a trophy asset, and it pays. Griffin’s Citadel has not even completed the build-out of their temporary office space in the Brickell Financial District and we are still waiting for the first renderings of their permanent headquarters on Brickell Bay Drive. We like to use Citadel as an example as they are the largest and most public example of the financial migration, but there are dozens of similar companies that are coming along with them. Considering we have already experienced the growth that is well-documented in the Douglas Elliman | Knight Frank Wealth Report, this inflection point is a permanent trajectory toward a higher level of luxury and wealth in Miami. The Perigon Miami Beach Penthouse West Kitchen | Image Courtesy of MAST Capital To browse the 2024 Douglas Elliman | Knight Frank Wealth Report in its entirety, you may click here for a free copy to download immediately. If you, or someone you know, are interested in purchasing luxury real estate in Miami and/or Miami Beach, please contact Broker Michael Light, Founder/Owner of the Miami Luxury Homes Group at Douglas Elliman Real Estate, Global Ambassador for Knight Frank, Executive Director of Luxury Sales at Douglas Elliman and a member of its elite Sports & Entertainment Division. Michael has over 15 years of experience working with influential buyers from all over the world and is an expert on educating buyers on market statistics and trends. You may reach Michael directly on his cell phone at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
Douglas Elliman Q3 2023 Market Reports – Sales Shrink Slightly, Yet Prices Continue Upward Posted on November 7, 2023 by Sarah Elles Boggs While the market in the third quarter of 2023 has slowed a bit, prices continue to rise, according to the Douglas Elliman Market Reports that are compiled quarterly by consulting group Miller Samuel. Some of this change is to be expected, as the end of the summer (the third quarter) is historically the slowest time of year for Miami real estate. The kids are starting back to school, we are still in the midst of the balmy ending of hurricane season and high season doesn’t start until the temperatures begin to drop in early October. Other aspects of the change are specific to the post-pandemic market conditions. We are still seeing low inventory due to the droves of northerners flocking to the sunshine state in effort to hide from cold temperatures and high taxes. Additionally, mortgage rates are still quite high, which slows things down a bit. The Fed’s pause on rate increases has helped to garner additional traffic in the marketplace from those who are looking to leverage their purchases, but we do not expect to see any decreases to the interest rates for at least a few more quarters. Despite these rates, the demand and lack of inventory continues to push prices northward. Douglas Elliman Market Report Miami Costal Mainland Single Family Sales 2023 Q3 In the single family home market, inventory decreased 17% to 1,839 listings by the end of the third quarter, with sales also falling 5% to 1,600 closings. The average sale price held relatively steady at $786,443, which is up slightly from $749,347 from the third quarter of 2022. With just 4.5 months’ of supply, we are still firmly in a seller’s market even though inventory is up just a titch. Douglas Elliman Market Report Miami Costal Mainland Condo Q3 2023 Condominium resales also took a dip. The sales volume fell 16% to 1,861 transactions at a median price of $440,000. The median price from this time last year was $408,250 which represents an 8% difference. With an increased marketing time of 65 days on market, we are currently sitting with 5.4 months of supply. This is closer to a balanced market and undoubtedly if you factor in the developer inventory, we would be in a balanced market. These figures are representative of the macro area along the Coastal Mainland Miami, which includes everything from the Upper Eastside all the way down to Pinecrest including Edgewater, the Design District, Midtown Miami, Downtown Miami, Brickell, the Miami River area, Coconut Grove, Coral Gables, Key Biscayne and Pinecrest/South Miami. If you would like to see the individual matrixes for your area, you may find it in the full market report below. Download the Q3 2023 Douglas Elliman Market Report in its entirety here. Something important to make note of with the market reports is that they measure only those deals that are entered into the MLS (Multiple Listing Service). This excludes off-market transactions and most developer sales as developers rarely keep up-to-date listings of their inventory in the MLS. If you need or want to move in the Miami area, or if you are searching for a real estate investment, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman, to discuss pre-qualification requirements. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Image Credit: The Elser Hotel Downtown Miami
Which Views Are The Best In Miami? A Case For Choosing A West-Facing View Posted on September 7, 2023 by Sarah Elles Boggs It is no secret that the availability of inventory of Miami’s real estate market is very low thanks to the Citadel Migration and migration from New York, and it is very natural for clients to automatically request an ocean view when they begin their home search. But what about the West-facing view? Is it also not beautiful? Here are my thoughts about why the West-facing view could even be superior to the ocean view when shopping for Miami condos. The Night View This is something that I always bring up to people. Naturally, the first thing that people ask for when moving to Miami is an ocean view. But what you don’t realize is the ocean view isn’t really all that interesting at night. On the West side of the tower, there are glittering lights and pedestrians and all sorts of things to observe. The Sunsets Miami offers some incredibly colorful and breathtaking sunsets. Watching the sun go down and all of the colors that are offered from your terrace in the evening is incredibly spectacular. And after the sun has set, you revert back to the glittering lights of the night view. If you are on Miami Beach you will see the Biscayne Bay, so there is still a water view with the lights of the Downtown Miami skyline in the background. If you are on mainland Miami in the Downtown or Brickell area, or even Coconut Grove, it is possible that you could see all the way to the Everglades. Watching the late flights arrive and depart from Miami International Airport is also interesting. Sunlight The morning sun is noticeably stronger than the afternoon sun. It is brighter and creates a glare on television screens and computer screens if you are working from home. Blackout shades are a must. There can also be a case made for those of us who maybe hold odd hours. A night owl is not going to want the sun beating down on them first thing in the morning. Maybe night owls prefer a calmer light at the end of the day. The Terrace I touched on this a bit before, but the terrace is so pleasant at the end of the day. The temperatures are cooler, there is plenty to observe and talk about and on Miami Beach, the streets with bay views tend to be more calm and secluded from tourists. Which One To Choose? Naturally every person has their own preferences regarding what they look at from their terrace, how much light comes in and how they like to live. A happy medium would be to find a building that offers north or south views. In this case, you will receive more sunlight on the south side of the building and softer light on the north side. Of course facing toward the ocean is a very marketable feature, but there is also something to be said for looking at the Biscayne Bay or the vibrant neighborhood that you choose. If you are interested in a new home or real estate investment, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
Inside The Expected “Messi Effect” On Miami’s Economy, Including Real Estate Posted on July 21, 2023 by Sarah Elles Boggs Miami is no stranger to being in the limelight. This also is not the first time we’ve bathed in the glow of the limelight as we welcome an athletic prodigy. In 2004, we welcomed Shaq to the Miami Heat, in 2010 it was Lebron James “taking his talents. to South Beach” and ushering in the era of the Big 3 for the Miami Heat. These are very exciting times! In addition to the celebrations, and sports wins and boasting to the rest of the world about our athletic prowess as a city, there is also a positive effect on the local economy. This time, the celebration is a bit different. Shaq, Lebron, and Bosh were all amazing boons for Miami. And while the NBA is wildly popular in the United States, other countries haven’t quite caught on at the same level. This time it is Messi, an international superstar in an international sport, and arguably the GOAT at soccer football. So what can we expect from the “Messi Effect?” Ticket Sales David Beckham has dedicated his career to bringing an MLS team to Miami for the last ten years. Through so much adversity and doubt, his faith in the mission has gone undeterred. He has been successful in forming the Inter Miami CF in 2018, with games beginning in 2020. Before this monumental addition, you could venture up to DRV PNK Stadium in Fort Lauderdale and watch the home team play for as little as $30. Although they usually didn’t win, you have to recognize that it takes a new club a bit of time to get their feet wet, so to speak. It also adds fuel to Miami’s fire to now have such a star player on the roster, as we are incredibly competitive and love to see the home team win. For the Messi opener tonight versus Mexico’s Villa Azul, tickets are now starting at $265 per person, and venturing up to the $110,000-range. While the price tag will likely level off below the $110,000 price tag for the most expensive seats, the increase in both volume and cost are expected to remain remarkably strong throughout Messi’s tenure with the club. Tourism and Merchandise Aligning with the increased cost of tickets to Messi’s Inter Miami matches, the economic impact on the city as a whole will benefit. When large sports events occur in any city, there is a spike in tourism. There is an increase in the amount of money spent in restaurants and recreational outlets, local goods and services as well as sales for local merchandise. Additional infrastructure is also usually needed in order to accommodate the boon of visitors who descend upon the host city for the event. This is evidenced already in the recent renovation of DRV PNK Stadium as well as Freedom Park Stadium, the $1 billion future home of the club that is currently beginning construction. The anticipated delivery date is 2025. These factors not only generate tax revenue, but also new jobs for the local residents, who then increase their spending habits, creating a full-circle economic strengthening effect. The economic strengthening phenomenon is evident in the competition between cities and politicians when jockeying for hosting privileges of things like the Super Bowl, Copa America, Formula 1, The Olympics and the World Cup. Miami is very fortunate to have the formula down, and easily is able to garner such events with relative ease, enjoying regular hosting privileges for the Super Bowl and Formula 1 as well as the recent Copa America. upcoming World Cup feathers in our cap. Last year’s debut of Miami Race Week drew $350 million into the local economy in one week alone. With a worldwide superstar Messi as a regular spectacle on the pitch, these benefits will be more consistent than one large week before returning to normal. This will become the new normal at least until his contract ends (and is hopefully renewed). Real Estate With Florida’s favorable tax climate, there are many who would prefer to own a piece of Miami that they can use when they wish and then rent out when they are home. Bringing in a sports superhero such as Messi increases this demand. We saw it when Lebron joined the Miami Heat in 2010 as well as when Shaq hung his hat here in 2004. People recognize the need for additional rental opportunities and want to be part of both the visiting and the earning aspect of the spectacle. The thing that is different this time is that with Lebron and Shaq, they each had an immense fanfare with people from the United States. Messi however has a more international and global appeal, as football is more popular in these areas than in the US. This is set to reignite the international appeal of Miami, and bring back the foreign investors that may have waned a bit in recent years. We have already seen an increase in web traffic and phone calls from people in various countries in South America, and with our position in the Knight Frank Global Connection, we are very happy to see so many new faces interested in taking part in Miami’s continued evolution and revitalization. The Knight Frank Global Connection is an invitation-only network of brokers from around the world whose mission it is to make foreign real estate purchases attainable to the global elite. We are very proud to have the opportunity to represent Miami within this network. Whether Messi and the Inter Miami win tonight or not, this is a large win for the club, for the MLS, for the city of Miami and South Florida as a whole. “Today a new journey and a new chapter starts. There will always be a before and after Lionel Messi,” Inter Miami FC Co-Owner Jorge Mas told the crowd at Messi’s welcome event on Sunday. “We are recipients of a legacy of the greatest player in the world that started at Newell’s Old Boys. Went to Barcelona and ended at PSG, but today it sits in the hands of Inter Miami and its fans. This is our moment to change the football landscape in this country.”
Terra’s $1.2 Billion Downtown Miami Deal Is Off. What Does This Mean For The Miami Real Estate Market? Posted on June 30, 2023 by Sarah Elles Boggs Well, that’s a wrap. The record-breaking $1.2 Billion development site deal between Terra Group and Genting at 1431 North Bayshore Drive is not moving forward. What was heavily touted in every news outlet as the most expensive deal in the history of Miami is canceled. What does this signify about the market? Is the news media onto something that we are about to come to a screeching halt? Let’s break it down. The Deal And Why It Fell In order to really get ahold of what this signifies for the market, we first have to look into the development deal itself. Why it was a marker to begin with and why the deal failed. Of course, the sheer dollar amount of the purchase is the reason that the deal was so newsworthy. Genting had big plans for the site. At the time, their purchase price of $236 million was in and of itself groundbreaking. But their plans did not make it through the governmental red tape and Downtown Miami is just not the spot for table games and gambling. Genting really did make a solid go of it too. I don’t really gamble, but that Superfast mini-cruise ship/Bahamas ferry was a lot of fun (for those who remember). Rather than continue to put good money after bad, they finally said forget it and flipped the property to someone with a different plan. After a short period of collecting bids, Genting chose Terra Group’s bid of $1.2 Billion. The actual plans were very hush-hush, potentially because they were still in the conceptual state and not ready for press. But as quickly as the deal started, it stopped. It turns out that the problem with the deal was simply that Terra Group requested an extension of the due-diligence period for the deal and Genting said no. This is pretty common in development deals, and in my opinion, the deal should have already passed the due diligence period before being released to the press because so many things can happen during this delicate time. It could have been that the soil testing came back in a way that needed more testing, the seawall needed more work than anticipated and they needed to get more bids. It could have been that the return on investment at sell-off needed some tweaking, it could have been ANYTHING. This is in no way an indicator that either party is acting in a negative way toward the other or that the market is too unstable to withhold a development of this magnitude. What this does mean is that Genting is in a position of power. They have four other buyers eager to send them ten-figures for their land. Why should they give extensions? This is business and they are here to sell their land to the person who will close as quickly as possible and for the highest amount possible, so everyone can move along to their next deal. It’s a good position to be in. Can Terra come back and bid again? Certainly. And we love Terra Group’s product, so we hope that this does happen. Either way though, we are as eager as everyone to see how this pans out. Rendering of Casa Bella Rooftop Pool View North What this means for the Miami Real Estate Market In the time that the Terra/Genting deal was starting and failing, sales have not slowed down. Casa Bella Residences, which is gearing up to begin construction directly to the west of the development site at 1444 Biscayne Boulevard, has recently announced that they have sold over 70% of their 312 residences. They are now busy offering the 23 penthouses, which is the last step of the new development sales cycle. To reach this point in less than 18 months with the amount of competition the Miami new development market is offering is outstanding. Rendering of EDITION Residences Edgewater Arrival To the north of the development site is a flurry of action. Two Roads Development’s EDITION Miami Residences in Edgewater is located just to the north at 2121 North Bayshore Drive, and is gearing up to begin construction. Within a month of launch this spring, they had sold over $160 million of their 185 residences. This all happened before they were even able to open their $10 Million sales gallery. Rendering of Villa Miami Entrance And we cannot finish this analysis without looking at the all-star luxurious foodie-haven Villa Miami, which is also a Terra Group product in partnership with Major Food Group. This project has 75 super-luxury residences that embrace an array of culinary-focused amenities. The residences start at $4.5 million and have debuted in the market with much fanfare. I’m not going to rule out the possibility that maybe Terra Group realized its plate is a bit too full (see what I did there?) with Villa Miami and other projects in its pipeline this month, so asked for another month to complete the due diligence on Smart City with Genting. I do not know this to be a fact, it is purely speculation. My point is that nobody really knows why the Smart City transaction failed, but it doesn’t really matter either. Someone else will buy it (or maybe Terra Group will buy it again) and sales traffic has not slowed in the neighborhood. As long as there are new taxes and increased inflation in New York and other key areas of migration, there will be opportunity in Miami. If you are interested in continued updates on the development site, stay tuned here. If you are interested in a private presentation, more details and/or specific pricing for any of these projects, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
The Light Group Honored By RealTrends + Tom Ferry On 2023 List Of America’s Best Real Estate Professionals Posted on June 27, 2023 by Sarah Elles Boggs Each year, RealTrends + Tom Ferry ranks the top real estate professionals from across America in their Best Real Estate Professionals list. This year, I am very proud to announce that The Light Group has been recognized among the best. RealTrends + Tom Ferry The Thousand is an annual program presented by RealTrends, in an effort to rank the best real estate agents and brokers in the country. The list has become a trusted source to identify the best professionals from the 1.6 million licensed Realtors and brokers in the United States. Those who are recognized represent the top 0.065% of licensed professionals in the market, so it is quite an honor. In order to qualify, RealTrends tallies up the volume of sales from both buyer and seller sides along with the number of transactions. This year’s total tally (based upon 2022 data) came to 233,330 transaction sides with a total sales volume of $169 billion. Current market conditions are taken into consideration and the analysts found that a lower percentage of agents qualified in 2023 than 2022 for both the number of transactions as well as the total sales volume figures. Aside from honoring real estate professionals, these rankings demonstrate an actual indicator of the state of the market versus what the news media may report. This year, we are seeing that while the number of transactions has fallen, sales volume has remained high. This is a clear indicator that inventory is still low and prices are still high. I am so thrilled to have been included in the 2023 RealTrends + Tom Ferry The Thousand. This accomplishment and honor would not be possible without the support and trust of my amazing clients or the amazing team that supports me. If you are thinking of buying or selling, I am here to help and guide you every step of the way using discretion, efficiency, clear guidance and support.
Buying Or Selling Property Abroad? We Can Help Via The Douglas Elliman | Knight Frank Global Connection Posted on May 25, 2023May 27, 2023 by Sarah Elles Boggs Naturally, we spend an immense amount of time obsessing over Miami and Miami Beach and all that these communities offer, but today we wanted to take a moment and recognize that there are glamorous and enriched markets all over the globe. This sentiment was brought on as I was scrolling through the happenings this weekend in the South of France. What a weekend they are prepared for! This is the closing weekend for the Cannes Film Festival 2023, where movie stars and film executives offer previews of their upcoming works and fashion designers flaunt their talent by dressing these stars for their premieres. While this is happening in Cannes, just an hour drive to the north (or a short helicopter ride away), the Monaco Grand Prix is preparing to race through what is Memorial Day Weekend in the United States. The global elite is congregated in this small area, which reminds us of the unique offering that Douglas Elliman is able to embrace through our partnership with Knight Frank Residential. Douglas Elliman Knight Frank Global Connection Offices 2023 Each year, Knight Frank and Douglas Elliman team up to bring the annual Wealth Report, which utilizes sales figures and demographic information to report where and how the global elite are investing their wealth. This is an incredibly powerful tool both for the agents of each company but also for investors who are looking to profit from sweet spots in various markets. The 2023 Wealth Reports can be found here, free of charge. While the reports are invaluable to all who utilize them, the partnership between the two real estate powerhouse companies goes a step further. There are a select few brokers who have been invited to be a part of the Douglas Elliman | Knight Frank Global Connection. We are proud to be in this group of brokers again for 2023. What this means for you is that we are able to assist you in your real estate decisions across the globe, wherever Knight Frank or Douglas Elliman has a presence. If you have aspired to own a villa in Lake Como, we are a phone call away. Using our partnership with Knight Frank, we are able to pair you up with a select power broker in Lake Como who will be able to offer the same insider service that we are able to offer in South Florida. Being a Global Connect broker also benefits our local clients. Those who list with The Light Group receive additional marketing and advertising through the Douglas Elliman | Knight Frank networks and publications, putting your property in the spotlight among the global elite. When Knight Frank brokers from abroad have a client whose interest has been piqued on the Miami area, we are among a select few local brokers who receive the phone call, particularly in the Coconut Grove and Downtown Miami/Brickell areas. It is an honor and a service that we are very proud to maintain. If you are interested in learning about real estate markets abroad, please contact Broker Michael Light. Michael is the Senior Director of Luxury Sales at Douglas Elliman Real Estate, a member of the exclusive Sports & Entertainment Division at Douglas Elliman and a Global Agent for Knight Frank Residential. You may reach Michael directly at (786) 566-1700 or michael@miamiluxuryhomes.com. Photo Credit: Julien Lanoy via Unsplash