News & Media

Islands of Calm

Islands of Calm
by Ruth Ferla

...REAL estate agents and developers do agree that a slump across the country, and in many parts of Miami, has not affected high-end markets. Second-home buyers on the Venetians (about 20 percent of the market there) typically pay from just below $200,000 to over $400,000 for an apartment on Belle Isle, and on other islands from about $1.3 million to over $7 million for a modern multibedroom villa with a commanding view of the bay...

...According to Jill Hertzberg, a partner in the Jills, a Miami Beach real estate agency, $7.4 million was the highest price paid last year for a single-family home, a 10,500-square-foot house on San Marco, directly on the bay…

...Value on the Venetians is measured by an increasingly fancy yardstick. Some people are spending over $3 million for homes so spacious and towering (as high as 45 feet) that they could pass for multi-unit dwellings. Most are packaged with features like open kitchens, hurricane-resistant glass shutters, overflow pools, rambling rooftop terraces for entertaining, and clinically sleek interiors…


As we close out the first month of the year and we approach the middle of February,...


The swanky South of Fifth neighborhood caters to a high-end clientele with high...


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