agenzia immobiliare Miami

Columbus International, your trusted real estate boutique specializing in Miami’s most exclusive properties, has witnessed firsthand the transformation of South Florida into a global ultra-luxury destination. With decades of experience in facilitating transactions for clients with various wealth levels and a deep understanding of local market dynamics, Columbus International stands out as the premier choice for discerning investors looking to capitalize on Miami’s unparalleled real estate boom.

What some might call a bubble, market experts define as the new normal in South Florida’s ultra-luxury real estate sector. As the region continues to attract global wealth and corporate relocations, nine-figure properties have become increasingly common in Miami-Dade and Palm Beach counties.

The first quarter of 2025 has already seen several properties commanding astronomical prices, both on and off the market. Among these prestigious offerings is the magnificent Banyan Ridge Estate, a 11,855-square-foot masterpiece in Coconut Grove, currently available at $135 million. Meanwhile, a rare three-house compound in Miami Beach has hit the market at $150 million, offering an unprecedented opportunity for the ultra-wealthy buyer seeking the ultimate in privacy and luxury.

The northern corridor of South Florida’s luxury real estate market is equally robust, with a remarkable spec house in Manalapan commanding attention at $285 million. Adding to the intrigue, sources indicate that a custom-built residence on the prestigious Indian Creek Island, owned by a prominent sports figure, might be quietly available at $150 million.

These stratospheric prices, while striking, reflect a fundamental shift in South Florida’s luxury real estate landscape since the pandemic. The region’s appeal to ultra-high-net-worth individuals, attracted by the favorable tax climate and year-round sunshine, has created a new benchmark for luxury properties. This trend was solidified when a prominent hedge fund billionaire acquired portions of his Palm Beach compound for over $100 million in separate transactions during 2019 and 2022.

In Naples, on the Gulf coast of the peninsula, a vast estate at 100 Bay Road, known as Gordon Pointe, made headlines last year when it was listed for $295 million. The asking price was subsequently reduced to $210 million. The latest record was set in Miami when an Australian infrastructure investor purchased 10 Tarpon Isle in Palm Beach for $152 million last May. Miami’s condo market is seeing similar prices. Notably, a well-known tech entrepreneur is said to be considering a $100 million condo in West Palm Beach.

Billionaires bring their businesses with them. Along with several Fortune 500 companies that have relocated to South Florida in recent years, last month Amazon signed a lease for 50,333 square feet of space at Miami’s Wynwood Plaza. But while some link the sky-high listings to a real estate bubble that experts warn is growing in Miami, according to the CEO of a major appraisal firm, these properties are in a category of their own.

“The super-luxury market segment has very little to do with the local real estate market,” says an expert. “A $150 million sale is a global listing.”

Agents are capitalizing on this momentum. There were seven closings over $100 million in 2024, the second-highest per year in US history after nine in 2021. And for every shocking list price that gets media attention, several other properties are kept secretly off-market.

The values of these properties haven’t quintupled overnight. A large amount of wealth has poured into Florida and the perception of value has changed.

The elections have also given confidence to the market. As is common nowadays, value is often perceived in terms of how little work a home needs. Defining the phenomenon as the “Uber or Amazon effect,” buyers want instant gratification: “A billionaire, for whom money is not an issue, seeks to save time and have the perfect home.”

With 13 bedrooms and 18 bathrooms, 3585 Anchorage Way boasts more than 180 feet of waterfront across seven lots on Biscayne Bay. The estate also features a century-old banyan tree, waterfalls, a saltwater fish pond, and an infinity pool.

The property on Indian Creek Island Road was built from scratch after purchasing the lot for $17 million in 2020. The bayfront home has a pool, a separate gym, and a cabana.

The property at 190 Palm Avenue comprises three mansions with a total of 21 bedrooms, plus three pools, parking for 20 cars, and 300 feet of waterfront with multiple docks.

The comparable prices are there because there have been, in the last six months, highly publicized and significant deals in this order of magnitude. Linear feet of ocean frontage are the new luxury, the new bragging rights.

Source: New York Post

In a bold move that signals continued confidence in Miami’s luxury real estate market, Mint Developers has unveiled plans for an ambitious $850 million supertall development in downtown Miami, partnering with hospitality giant Sonesta International Hotels. The project, dubbed the James Hotel & Residences, is poised to become one of the city’s most distinctive mixed-use developments when it reaches completion in early 2028.

The 82-story tower, stretching approximately 1,000 feet into the Miami skyline, will feature 336 fully furnished luxury residences and marks the first residential venture for Sonesta’s James brand. The development team, a powerhouse collaboration between AD1 Global, Big Development, and To The Stars, is positioning the project to capitalize on Miami’s growing reputation as a luxury lifestyle destination.

“We’re witnessing a transformation in Miami’s luxury residential market,” says Daniel Berman, who leads Hollywood-based AD1 Global, though he remained strategic about revealing the exact location of the development. The property acquisition is expected to close within 30-40 days, underscoring the rapid pace of development in the area.

The project’s ambitious amenity package reflects the evolving demands of ultra-luxury buyers, featuring a four-story private club, extensive wellness facilities including snow and rain rooms, and multiple dining venues. Douglas Elliman, tapped to handle sales launching in Q2 2024, will offer units ranging from studios to four-bedroom residences.

In a notable twist on the traditional residential model, approximately 60% of the units will participate in a hotel leaseback program, potentially offering investors a revenue stream in Miami’s robust tourist market. This hybrid approach mirrors a growing trend in luxury real estate, where branded residences command premium valuations.

The James Hotel & Residences joins an elite group of supertall projects reshaping Miami’s skyline, including the under-construction Waldorf Astoria Hotel & Residences and Ken Griffin’s planned 1,039-foot Citadel headquarters. However, the market has shown signs of selectivity, as evidenced by Swire’s recent decision to terminate plans for the One Brickell City Centre office supertall.

For Sonesta, which currently manages about 10 properties in South Florida, the project represents a significant expansion of their luxury portfolio and a strategic bet on Miami’s continued appeal to high-net-worth buyers and visitors. The development adds to a growing roster of branded residential projects in South Florida, where luxury brands from various sectors are vying for a piece of the region’s lucrative real estate market.

Source: TRD

The New Gold Coast: Miami’s Ultra-Luxury Real Estate Defies Market Logic

Miami’s Skyline Reaches New Heights With $850M Luxury Tower Project

Columbus international

Newsletter