Fisher Island is America’s Richest Place according to Forbes

Well, we need to define what Forbes means by “America’s Richest place”, before we get excited, but personally, I didn’t find this to be a surprise.   To find out where this country’s most prosperous hang out, William Baldwin explains, in his America’s Millionaire Capitals article, So I put a finer sieve on the database [IRS database of income tax statistics], zeroing in on communities where the average income within the 200K-and-up set is at least $1 million. Result:... Continue Reading »

Ricky Martin sells Golden Beach Home

UPDATE: Ricky Martin’s Golden Beach Home SOLD for $6,300,000 according to the multiple listing service (september 9, 2011). That’s almost a 30% discount from its $8.8 million ticket price. Who said you can’t get deals on Miami Luxury Real Estate? CONGRATULATIONS to the new lucky home owner as well as Ricky Martin for a great sale. Ricky Martin’s mugshot by lander2006 on Flickr Deidre Woollard from Luxist gives us the scoop on Ricky Martin’s home in Golden Beach. Martin... Continue Reading »

Miami Beach Search Stats by Realtor.com

You should already know, if you are a regular reader of Miamism, that I don’t like to generalize huge metropolitan markets like Miami-Dade County.  The reason is that high-end areas like Fisher Island will be bulked together with lower end areas and the numbers will not be a clear representation of what’s really going on in that real estate market.   But with that in mind, I also know that we have some numbers and data people in our audience who love to scrutinize... Continue Reading »

fisher island luxury condos Fisher Island Condos – Real Estate Market Report – August 2011

There are currently 106 Fisher Island Condos for sale: (6 less than last month) Highest priced listing: $30,000,000 for an exclusive Oceanside 5/5.5 home with artwork and all! Lowest priced listing: $81,500 for a studio at Marina Village Gardens (short sale) << in heart of commercial sector (perfect for crew or visitors) Pending Sales: 5 (3 more than last month) Closed sales in August: 1  (2 less than last month) The Fisher Island Condo sold in August was located at... Continue Reading »

Know the Miami Beach Condo Approval Process

We have had a few foreign national buyer customers purchase Miami Beach condos who knew nothing about condo requirements or the condo approval process.  As a foreign national, you are accustomed to different methods of purchasing real estate in your native country.  We have found that the purchasing process here in the US, specifically Miami, is more paper intensive and tedious. Instead of making assumptions that everyone knows the process, here are some basics you can... Continue Reading »