Fueled by 2021’s post-COVID property grab, not to mention an escape from New York, high demand and low inventory keep Miami’s residential market bubbling.
Flash and cash are market fundamentals in Miami.
True, buyers gained more bargaining power as prices softened somewhat by the end of 2022. Even that 4-acre Coconut Grove estate sold far shy of the original asking price of $150 million. But bargains are still few and far between. A lack of inventory and high demand are keeping the market bubbling. Totaling around 3 acres, this sweet suite of real estate treats has 600 feet of water frontage, and five-bedroom, seven-bathroom and two-bedroom houses.
Bonus: the buyer receives the last limited-edition Aston Martin Vulcan race car, valued at $3.2 million. If it sells at ask, it would obliterate the condo sales record in the area. Cervera Real Estate is marketing the building.The new Waldorf Astoria will be Miami’s tallest tower.
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