Florida Multimillion Dollar Market

November issue: Florida’s highest end luxury residential real estate

Presented by the Florida real estate lawyers at Rabideau Klein

$5 Million-plus Houses: Jeff Bezos Buys 2nd Miami-Dade Property for $79M
The purchase of 12 Indian Creek Road made October a stellar month for Florida’s residential real estate market. The sale was the largest MLS-advertised sale of the month, as well as the largest of the last 12 months.

Inventory in the ultraluxe single-family home category of single-family homes priced at $5 million-plus burgeoned during the last three months, with 1072 new listings entering the market segment, a 56% increase, year-over-year.

$5 Million-plus Condos: $60M Unit at Aston Martin Residences Development Tops Listings
The top segment of Florida’s condo market, properties priced at $5 million or more, increased its inventory by 82% during the last three months, and its average sales price point rose to $7.10 million, a 9% increase, year-over-year.

There were 169 new listings in October, including a $59 million relisting to pre-sell an apartment at the new development, The Aston Martin Residences Development at 300 Biscayne Boulevard Way in downtown Miami.

Florida Multimillion Dollar Market Brief
Each issue reports on the advertised Florida real estate activity for the prior month in the category of ultra-luxury residential sales and listings of single-family homes and condominiums priced at $5 million or more. The information reflects all data entered by the last day of the prior month. When a sale or listing for that month is posted after the last day of the month, that information will be rolled into the following month’s report. The Florida Multimillion Dollar Market Brief reports on real estate with residential property such as single-family home, condo, co-op and townhouse types, and does not include land-only, multi-family homes, and mobile home types.

All information contained in the report is deemed to be reliable, but is not guaranteed. Neither Rabideau Klein, nor any of its employees makes any representations or warranties as to the accuracy of its contents.

The Rabideau Klein Florida Multimillion Dollar Market is a monthly 8-page resource that focuses on the luxury real estate industry in the State of Florida and reveals a continuum of developing sales and listing trends.
  1. The Top Single Family Home and Condominium Volume of Sales
  2. The Top Single Family Home and Condominium Average Sale Prices
  3. Tracks Residential Properties Listed or Sold for $5 Million or More

Each report shows meaningful tracking of the leading luxury real estate transactions including average pricing and sales volumes for three-, six-, and twelve-month intervals.