Florida Multimillion Dollar Market


September issue: Florida luxury real estate highlights for August

Presented by the Fla real estate lawyers at Rabideau Klein

$5 Million-plus Single-Family Homes
The largest advertised Florida sale of August just strong-armed its way to the top of the annual chart. Ken Griffin, CFO of Citadel, the multinational hedge fund company, purchased the Arsht Estate in Miami for $107 million, which was sale of the last twelve months. The property was listed for $150 million in January by Ashley Cusack of BHHS EWM Realty, and the closing agent was Jill Hertzberg of Coldwell Banker Realty. Located on Biscayne Bay in the heart of Miami, the four-plus acre estate at 3031 Brickell Avenue boasts two homes, the main residence, Indian Spring, and Villa Serena, a restored 1913 architectural historical home.

$5 Million-plus Condominiums
The largest condominium sale was the $13.6 million purchase of Apartment 2001 at the soaring oceanfront tower at the Four Seasons Private Residence. Three new pre-construction listings in Sarasota made the top 15 list, a category usually dominated by Miami-Dade and Palm Beach counties. The priciest listing was Apartment 804 at The Bristol in West Palm Beach for $18.9 million.

Florida Multimillion Dollar Market Brief
Each issue reports on the advertised Florida real estate activity for the prior month in the category of utra-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.