Douglas Elliman Represented 4 of the Top 8 Sales of 2018 in Miami-Dade County Posted on February 5, 2019February 5, 2019 by Michael Light As a seller, there is a lot that goes into the decision-making processing when selling your home, and one of the most important decisions is the agent and brokerage that you choose to represent you. Although this is important for all price points, it is crucial when your home falls into the uber-luxury category – commanding a price point north of $20M. So, when you pick a listing agent for your luxury home in Miami or Miami Beach, make sure that agent works for a successful brokerage that statistically proves RESULTS, like Douglas Elliman. Top 8 Sales of 2018 in Miami-Dade County: #1 – 4-5 Star Island Drive | Star Island Miami Beach | Sold for $33,000,000 – Douglas Elliman represented Seller & Buyer #2 – 321 Ocean PH | South of Fifth | Sold for $26,000,000 – Douglas Elliman represented Seller & Buyer #3 – 960 Harbor Drive | Key Biscayne | Sold for $22,000,000 (Auction Sale) #4 – 4609 Pine Tree Drive | Pine Tree Drive Miami Beach | Sold for $21,750,000 – Douglas Elliman represented Seller #5 – 15 Palm Avenue | Palm Island Miami Beach | Sold for $20,375,000 #6 – 3550 Matheson Avenue | Coconut Grove | Sold for $19,750,000 #7 – 4395 Pine Tree Drive | Pine Tree Drive Miami Beach | Sold for $19,250,000 #8 – 300 Costanera Road | Coral Gables | Sold for $19,000,000 – Douglas Elliman represented Seller About Douglas Elliman Real Estate Established in 1911, Douglas Elliman has grown to become the most reputable luxury real estate firm in the country. As the market leaders in New York, South Florida, California, Connecticut, Colorado and New Jersey, Douglas Elliman closed more than $26+ Billion in real estate transactions in 2017 making it the 3rd largest residential real estate brokerage in the country by sales volume and the #1 luxury real estate brokerage in America. In addition, Douglas Elliman has strategically partnered with Knight Frank Residential of London to extend their powerful real estate network to 523 offices in 60 countries across 6 continents. If you are buying or selling a luxury home or condo in South Florida, please contact Broker Michael Light. Michael is the Senior Director of Luxury Sales and a member of the exclusive Sports & Entertainment Division at Douglas Elliman Real Estate. You may reach Michael directly at (786) 566-1700 or michael@miamiluxuryhomes.com. Disclaimer: The statistics referenced herein were retrieved from the Multiple Listing Service (MLS) on January 28, 2019. Any closed sales not listed in the MLS are not included in the statistics referenced herein. The information contained herein is for informative purposes only and should not be relied upon.
Thursday Throwdown: Battle of the Islands…Hibiscus & Palm vs. Venetian Islands in Miami Beach Posted on August 17, 2017 by Michael Light Miami Beach offers a variety of exclusive islands that house some of the most gorgeous single-family homes and mega mansions in South Florida. A few of the most popular islands include Hibiscus, Palm and the Venetian Islands. Both Hibiscus Island and Palm Island are separate, private man-made islands in the crystal blue waters of Biscayne Bay, accessible only via the MacArthur Causeway and part of the City of Miami Beach. Both Islands offer exquisite multi-million-dollar homes with stunning architectural designs ranging from Mediterranean to the famed Art Deco to modern, and most have private docks for a true relaxing South Florida lifestyle. The Venetian Islands are a chain of 6 man-made islands in Biscayne Bay connected by bridges on the Venetian Causeway, which are part of both the cities of Miami and Miami Beach-depending on the island. The 6 beautiful islands that make up the Venetian Islands are Biscayne Island (Miami), San Marco Island (Miami), San Marino Island (Miami Beach), Di Lido Island (Miami Beach), Rivo Alto Island (Miami Beach), and Belle Isle (Miami Beach). 1374 S. Venetian Way is an amazing property on San Marco Island that epitomizes island living. Here is a video of the home: Available Waterfront Single-Family Home Inventory At this time, there are 27 waterfront single-family homes listed for sale on the Venetian Islands with an average list price of $10,052,370 and an average list price per square foot of $1,844.65. On Palm and Hibiscus Islands combined, there are 28 waterfront single-family homes for sale with an average list price of $12,734,250 and an average price per square foot of $1,777.07. Venetian Islands Waterfront Single-Family Home Inventory Total Waterfront Homes Available: 27 Average List Price: $10,052,370 Average List Price Per Square Foot: $1,844.65 Palm & Hibiscus Islands Waterfront Single-Family Home Inventory Total Waterfront Homes Available: 28 Average List Price: $12,734,250 Average List Price Per Square Foot: $1,777.07 Available Non-Waterfront Single-Family Home Inventory Currently, there are only 15 non-waterfront single-family homes listed for sale on the Venetian Islands with an average list price of $2,469,067 and an average list price per square foot of $863.55. Coincidentally, there are also 15 non-waterfront single-family homes currently for sale on Palm and Hibiscus Islands combined with an average list price of $3,371,700 and an average price per square foot of $836.95. Venetian Islands Non-Waterfront Single-Family Home Inventory Total Non-Waterfront Homes Available: 15 Average List Price: $2,469,067 Average List Price Per Square Foot: $863.55 Palm & Hibiscus Islands Non-Waterfront Single-Family Home Inventory Total Non-Waterfront Homes Available: 15 Average List Price: $3,371,700 Average List Price Per Square Foot: $836.95 Single-Family Waterfront Homes Closed in the Last 6 Months In the last 6 months, 8 waterfront single-family homes have sold on the Venetian Islands with an average sales price of $5,224,375 and an average price per square foot of $1,540.29. Together Hibiscus and Palm Islands have seen only 2 sales of waterfront single-family homes in the last 6 months with an average sales price of $5,812,500 and an average price per square foot of $1,201.58. Venetian Islands Waterfront Single-Family Homes Closed in Last 6 Months Total Waterfront Homes Closed in Last 6 Months: 8 Average Sales Price: $5,224,375 Average Sales Price Per Square Foot: $1,540.29 Palm & Hibiscus Islands Waterfront Single-Family Homes Closed in Last 6 Months Total Waterfront Homes Closed in Last 6 Months: 2 Average Sales Price: $5,812,500 Average Sales Price Per Square Foot: $1,201.58 Single-Family Non-Waterfront Homes Closed in the Last 6 Months In the last 6 months, 5 non-waterfront single-family homes have sold on the Venetian Islands with an average sales price of $1,832,000 and an average price per square foot of $670.46. Together Hibiscus and Palm Islands have seen only 1 sale of non-waterfront single-family homes in the last 6 months, which sold for $1,200,000, which was $500.42 per square foot. Venetian Islands Non-Waterfront Single-Family Homes Closed in Last 6 Months Total Non-Waterfront Homes Closed in Last 6 Months: 5 Average Sales Price: $1,832,000 Average Sales Price Per Square Foot: $670.46 Palm & Hibiscus Islands Non-Waterfront Single-Family Homes Closed in Last 6 Months Total Non-Waterfront Homes Closed in Last 6 Months: 1 Average Sales Price: $1,200,000 Average Sales Price Per Square Foot: $500.42 Hibiscus/Palm & Venetian Islands Single-Family Home Months of Inventory Waterfront Single-Family Homes Venetian Islands: 20 Months of available inventory Palm & Hibiscus Islands: 84 Months of available inventory Non-Waterfront Single-Family Homes Venetian Islands: 18 Months of available inventory Palm & Hibiscus Islands: 90 Months of available inventory Interested in the South Florida Real Estate Market??? If you, or someone you know, would like more information about luxury homes on any of the exclusive islands of Miami Beach, please contact Michael Light, Broker Associate and Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael directly at his office at (305) 350-9842, on his cell phone at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The information contained herein was retrieved from the Multiple Listing Service (MLS) on August 17, 2017, and is intended for informative purposes only and, thus, should not be relied upon.