Case quartiere Palm Beach

Palm Beach’s Luxury Real Estate Boom: How New York’s Elite Transformed a Market

Columbus International: Your Gateway to Premier Real Estate Markets

As a distinguished real estate boutique connecting the vibrant markets of New York, Miami, Milan, and Florence, Columbus International presents exclusive insights into luxury real estate trends. Our expertise in facilitating cross-market investments positions us uniquely to analyze emerging patterns in high-end property movements.

The transformation of Palm Beach’s real estate landscape tells a compelling story of wealth migration that began during the COVID-19 pandemic and continues to reshape Florida’s luxury property market. What started as a temporary exodus from Manhattan has evolved into a permanent shift in how high-net-worth individuals view their residential choices.

The surge in demand for Palm Beach properties has been nothing short of extraordinary. By April 2022, the median home price in this exclusive enclave of fewer than 10,000 residents reached an astounding $4.15 million. While prices have slightly adjusted since then, they remain significantly elevated compared to pre-pandemic levels.

This wealth migration from New York City has fundamentally altered the market dynamics in Palm Beach. Analytics reveal a striking trend: in 2019, New York-based viewers accounted for just 6.5% of Palm Beach County listing views. By 2023, this figure had surged to 19.6% – representing one in five potential buyers.

The impact of this migration becomes even more apparent when examining driver’s license data. In 2022 alone, 8,059 New Yorkers exchanged their licenses for Florida credentials in Palm Beach County. Perhaps more telling is that in 2021, 41% of all transplants to the area originated from New York City, bringing with them an average annual income of $728,000.

Entrepreneurship always flows to some new place, and COVID-19 broke long-established habits long enough to allow the formation of new ones, supercharging these migration patterns. The results are evident in the numbers: Palm Beach County’s median single-family home price jumped from $370,000 in 2019 to $665,000 in 2024 – an 89% increase.

The luxury segment has experienced even more dramatic growth. Between 2019 and 2024, sales of homes priced at $2,000 per square foot surged by 640%. Ultra-luxury properties, valued at $20 million or more, saw a 500% increase in sales during the same period. January 2025 alone recorded six transactions exceeding $20 million – more than the entire year of 2019.

The inventory landscape further reflects this transformation. From September 2019 to January 2025, while the median listing price nearly doubled to $2.9 million, the number of available homes priced above $1 million dropped by half, from 313 to 137.

This unprecedented market evolution stems from wealthy New Yorkers creating an appetite for product price points that basically didn’t exist before. The combination of limited buildable land and rising construction costs ensures that this high-end market transformation will likely persist, reshaping South Florida’s luxury real estate landscape for years to come.

Columbus International expertly navigates these evolving market dynamics, offering investors unique opportunities to establish roots in four of the world’s most prestigious real estate markets. Our boutique approach ensures personalized service while leveraging deep market knowledge across New York, Miami, Milan, and Florence.

Contact Columbus International to explore premium investment opportunities in these thriving markets: info@columbusintl.com

Source: New York Post

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

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

Miami

Miami’s Luxury Developers Pioneer New Era of Affordable Housing

South Florida’s explosive growth has intensified its housing affordability crisis, with Miami Homes For All reporting a shortage exceeding 90,000 homes for households earning below $60,000 annually. But an innovative state program is transforming how developers approach affordable housing in Miami, yielding communities that rival their market-rate counterparts in quality and amenities.

The Florida Live Local Act has emerged as a catalyst for change, offering tax incentives to developers who designate at least 71 units in their projects for households earning up to 120% of the area median income. This initiative marks a decisive break from Miami’s previous affordable housing model, which often compromised on design and amenities to minimize costs.

Today’s affordable developments showcase amenities previously reserved for luxury properties: pickleball courts, rooftop lounges, modern fitness centers, and children’s play areas. Inside the units, residents find high-end finishes including stainless steel appliances, expansive windows, and premium cabinetry.

“Miami-Dade faces the nation’s most severe affordability crisis,” says Michael Swerdlow of SG Holdings. His firm’s flagship project, Sawyer’s Walk, exemplifies this new approach. Located in historic Overtown, Miami’s oldest African-American neighborhood, this 1.5-million-square-foot mixed-use development stands as the country’s largest affordable housing project in the past decade. The community, designed for low-income seniors, integrates retail amenities like Target and Aldi while offering convenient access to multiple public transit options.

Laguna Gardens in Miami Gardens represents another milestone as one of the first developments completed under the Live Local Act. Developer Asi Cymbal partnered with renowned architectural firm Jo Palma and Partners to create 341 units that blend modern design with community-focused amenities, including lakeside trails and outdoor gathering spaces.

Looking ahead, Whitman Family Development’s planned Bal Harbour Shops project will dedicate 40% of its 600 upscale residences to workforce housing, targeting essential workers like teachers, first responders, and hospitality staff. Meanwhile, SG Holdings is developing an ambitious project in Little Haiti’s Little River District, planning 7,500 residential units across various affordability levels, complemented by retail space, green areas, and a new transit station.

“At this stage in my career,” reflects Swerdlow, “delivering quality housing to those who need it most creates the greatest impact in our community.” This sentiment captures the transformation underway in Miami’s affordable housing sector, where luxury developers are redefining standards while addressing critical community needs.

Source: Forbes

Il mercato dei condomini a Miami Beach

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

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

Case quartiere South Beach

Pharrell Williams Expands His Empire with Two High-End Japanese Restaurants in Miami

Music mogul and Louis Vuitton creative director Pharrell Williams is making his mark on Miami’s culinary scene with two Japanese dining ventures that promise to redefine luxury dining in the Design District.

In partnership with Launchpad Hospitality, Williams has launched an ambitious dual-concept project at 156 NE 41st Street. The crown jewel, Matsuyoi, is an intimate upstairs sanctuary featuring a coveted 10-seat chef’s counter where Chef Taka Sakeda crafts meticulously prepared multi-course experiences. The space, complete with a bespoke cocktail program and an exclusive 14-seat private terrace, exemplifies the high-touch hospitality that Miami’s elite have come to expect.

Downstairs, Williams has brought New York’s acclaimed Nami Nori to Miami, offering a more accessible but equally sophisticated take on Japanese cuisine. The restaurant specializes in temaki, with standout dishes including expertly prepared vegetable rolls and innovative small plates like furikake fries and mushroom dip that elevate the casual dining experience.

This culinary venture marks Williams’ latest successful diversification play, following his groundbreaking appointment at Louis Vuitton and continued dominance in music production. With both establishments already generating significant buzz among Miami’s tastemakers, Williams appears poised to replicate his track record of turning creative ventures into commercial successes.

Source: Time Out Miami

Miami

Miami Real Estate Market Shows Signs of Stabilization in 2025

The Miami residential real estate market is experiencing significant shifts as inventory levels rise and prices stabilize. Single-family home inventory jumped 26% year-over-year to 5,041 units in December 2024, while condominium availability surged 48% to 10,425 units.

Despite increased inventory, transaction volumes declined. Single-family home sales dropped 9.1% in Q4 2024, while condo sales fell 24%. The median single-family home price held relatively steady at $660,000 in November, down slightly from July’s peak of $670,000. Condo prices saw a more substantial decline, falling 7.6% from $449,000 in March to $415,000 in November.

The market currently shows eight months of single-family home supply, indicating equilibrium. However, the condo market’s 18-month supply suggests oversaturation, potentially driven by investor-heavy ownership – only 35-40% of condo owners occupy their units.

Berkshire Hathaway President Ron Shuffield emphasizes the long-term value proposition, noting that Miami’s median single-family home prices have quadrupled since 2011, rising from $150,000 to $650,000. The increased inventory offers more choices for buyers while helping stabilize prices after the pandemic-era surge that saw monthly supply drop to 1-3 months.

Recent changes in condominium association regulations across South Florida have impacted buyer interest in multi-unit properties, contributing to the sector’s softening sales despite increased availability.

Il mercato dei condomini a Miami Beach

Miami’s Office Market Paradox: Record-High Rents Amid Lowest Leasing Activity in Years

In a striking display of market contradictions, Miami’s commercial real estate sector is experiencing a unique phenomenon: skyrocketing premium office rents alongside its lowest leasing activity in four years. This unusual dynamic highlights the growing divide between luxury and conventional office spaces in one of America’s fastest-growing business hubs.

Premium Space Commands Historic Rates

The recently completed 830 Brickell tower, Miami’s newest luxury office building, has set a new market record with Brazilian bank Banco Master securing space for nearly $200 per square foot – almost double the city’s previous record from just two years ago. This rate represents a more than threefold increase from pre-pandemic levels, when premium Brickell office space commanded around $60 per square foot.

“These tenants are already leasing in markets like New York or internationally where you have top quality, world-class real estate assets,” notes Tere Blanca, founder and CEO of Blanca Commercial Real Estate. The building has attracted an impressive roster of blue-chip tenants, including Microsoft, Citadel, Thoma Bravo, and Kirkland & Ellis, with approximately 90% of tenants relocating from major markets like New York and Los Angeles.

Broader Market Shows Signs of Strain

However, this success story masks broader challenges in Miami’s office market. According to Avison Young’s third-quarter market report, the city is experiencing its slowest leasing activity since 2020. Total leasing volume reached just over 2.5 million square feet year-to-date, significantly down from around four million square feet during the same period in 2022.

The average deal size has notably contracted, dropping to 3,682 square feet from 4,581 square feet last year, reflecting a wider trend of companies reassessing their office space needs. This reduction in average lease size suggests a more cautious approach from traditional office users, even as premium spaces command record rates.

A Tale of Two Markets

This divergence creates a fascinating market dynamic: while luxury office space in Miami remains scarce and increasingly expensive, the broader market is grappling with changing workplace patterns and reduced demand. The success of premium properties like 830 Brickell has spurred new development, with over 1.8 million square feet of office space currently under construction, including Citadel founder Ken Griffin’s ambitious $1 billion waterfront development project.

Looking Ahead

Despite the overall slowdown in leasing activity, there are positive signs for the market’s resilience. Return-to-office metrics show improving attendance, particularly on Mondays and Fridays, with law firms leading the charge at a 97% increase in office attendance since August of last year.

The contrast between record-setting rents and declining leasing activity presents both challenges and opportunities for Miami’s office market. As new premium inventory comes online and workplace patterns continue to evolve, the market’s ability to balance these opposing forces will be crucial for its long-term health.

Miami Real Estate: A Golden Opportunity on the Horizon for 2025-2026

The Miami real estate market is poised for an exciting period of growth and opportunity as we look towards 2025-2026. With a combination of favorable economic conditions, increasing demand, and the city’s enduring appeal, Miami is set to cement its status as a premier destination for real estate investment and living.

Promising Price Projections and Market Dynamics

The future looks bright for Miami’s property values, with median home prices expected to surge by an impressive 6.5% overall. Single-family homes are the star performers, with projections indicating a remarkable 9.7% increase. This robust growth reflects the enduring demand for Miami’s unique blend of urban sophistication and tropical paradise.

Adding to the positive outlook, mortgage rates are anticipated to become more favorable, potentially dropping to around 5% by the end of 2025. This development is set to open doors for a wider range of buyers, making the dream of owning a piece of Miami more attainable than ever.

Luxury Market: A Testament to Miami’s Global Appeal

Miami’s luxury real estate sector is experiencing a renaissance, particularly in the condo market. Properties valued at over $1 million have seen an astounding 122.2% increase in sales compared to pre-pandemic levels. This surge underscores Miami’s growing reputation as a global luxury destination, attracting discerning buyers from around the world who are eager to invest in the city’s unparalleled lifestyle.

Economic Tailwinds Propelling Growth

The city’s real estate market is benefiting from a perfect storm of positive economic factors. The Federal Reserve’s proactive measures to reduce interest rates are making mortgages more affordable, setting the stage for increased buying activity. This improved affordability, coupled with pent-up demand from recent years, promises a dynamic market with ample opportunities for both buyers and sellers.

Miami: A Magnet for Talent and Wealth

One of the most exciting trends fueling Miami’s real estate boom is the influx of high-earning professionals and businesses. The city has become a beacon for talent, with new arrivals boasting an average adjusted gross income of $175,600 – significantly higher than long-term residents. This migration has injected billions into the local economy, further stimulating the real estate market and enhancing Miami’s status as a thriving economic hub.

A Seller’s Market with Room for Growth

While the current inventory shortage presents challenges, it also signals strong underlying demand and creates opportunities for sellers. The scarcity of available properties, particularly in the condo market where active listings are 42.2% below historical averages, indicates a robust seller’s market. This situation bodes well for property appreciation and investment returns.

International Appeal Driving Cash Transactions

Miami’s global allure is evident in its high proportion of cash sales, which account for 32.9% of transactions – well above the national average. This trend highlights the city’s appeal to international investors and underscores the strength and stability of Miami’s real estate market.

Looking Ahead: A Bright Future for Miami Real Estate

As we approach 2025, Miami’s real estate market is brimming with potential. The combination of price appreciation, increasing demand from both domestic and international buyers, and the city’s unmatched lifestyle offerings create a compelling case for investment and residence.

The luxury segment, in particular, is expected to flourish, with Miami ranking first in the U.S. for luxury market price growth according to Knight Frank’s 2024 Wealth Report. This prestigious recognition cements Miami’s position as a top-tier destination for high-net-worth individuals and savvy investors alike.

In conclusion, Miami’s real estate market is on track for an exhilarating period of growth and opportunity. Whether you’re a first-time homebuyer, a seasoned investor, or someone looking to upgrade your lifestyle, Miami offers a unique blend of economic potential and quality of life that is hard to match. As the city continues to evolve and attract talent from around the globe, the future of Miami’s real estate market looks brighter than ever.

Soaring Ambitions: Miami’s Supertall Skyscraper Surge Transforms the Urban Landscape

The city of Miami is experiencing a remarkable digital transformation in its urban infrastructure, as more than half a dozen developers race to build the first supertall skyscrapers in the city’s history.

For the first time, Miami is witnessing the simultaneous development of seven “supertall” towers – defined as structures exceeding 984 feet in height. This unprecedented surge in tall tower projects signals a new era of ambition and technical innovation in the city’s real estate industry.

“Miami is the center of the tech world right now, with a real estate market that has never been hotter,” says Dan Kaplan, managing principal at PMG, the development company behind the 1,049-foot-tall Waldorf Astoria Hotel and Residences Miami – the most advanced of the supertall projects.

The influx of new tech companies and high-net-worth individuals to South Florida has injected billions in capital investment, providing the necessary resources to tackle the unique technical challenges of constructing supertall buildings in Miami. Despite the city’s complex geographic and environmental constraints, developers are demonstrating their engineering expertise and cutting-edge solutions to transform the skyline.

“Many of these towers are now selling condos at price points of over $4 million,” notes Juan Arias, CoStar’s director of market analytics for South Florida. “That’s allowed developers to justify the substantial research and development costs required for supertall towers due to their size, complexity and scale.”

The supertall projects in the works include RFR Realty’s 1,049-foot tower, Florida East Coast Realty’s 1,049-foot One Bayfront Plaza, and Gencom and Hyatt’s Miami Riverbridge development, featuring a 1,044-foot residential tower. These developments are attracting a new caliber of experienced, technologically-savvy developers, many hailing from tech-centric hubs like New York.

“Developers with longer histories of deploying cutting-edge construction technologies have also been coming to the market, again a lot from New York,” Arias says.

While Miami still has ground to cover before challenging the skyscraper supremacy of tech-forward cities like New York and Chicago, the rapid advancement in the city’s tall tower capabilities is undeniable. In the coming years, Miami could join the exclusive club of American cities with offices, hotels and homes powered by state-of-the-art skyscraper software, cementing its status as a global tech-real estate powerhouse.

The future looks bright for Miami’s skyline, as the city’s developers continue to push the boundaries of what’s possible, leveraging the latest in construction innovation and digital infrastructure. This is just the beginning of Miami’s remarkable supertall transformation.

Fonte: CoStar

Foto: WaResidences

Citadel’s Miami Metamorphosis: Ken Griffin’s Billion-Dollar Bet on the Sunshine State

In a move that epitomizes the shifting tides of financial power, hedge fund titan Ken Griffin is doubling down on his Florida gambit with an ambitious plan for Citadel’s new Miami headquarters. The proposed 54-story marvel, set to redefine the city’s skyline, is not just a building—it’s a statement of intent from one of Wall Street‘s most formidable players.

A Visionary Vertical

The planned 1.7-million-square-foot mixed-use development is a testament to Griffin’s grand vision for Citadel’s future. Designed by the renowned Foster + Partners, the structure will house:

  • Citadel’s state-of-the-art headquarters
  • Premium office space for lease
  • A luxurious rooftop hotel
  • Two high-end restaurants
  • A public waterfront terrace

In a nod to Miami’s nautical culture, plans even include a dock for direct bay access—a feature that’s sure to appeal to the city’s high-net-worth clientele.

Strategic Relocation

Griffin’s decision to transplant Citadel from Chicago to Miami two years ago was no mere whim. It was a calculated move, influenced by Florida’s business-friendly climate and concerns over Chicago’s rising crime rates. This new headquarters represents the culmination of that strategic shift.

Architectural Innovation

Nigel Dancey, head of studio at Foster + Partners, describes the tower as a fusion of form and function. “The tower’s tapered form unifies its various functions, enhances structural efficiency, and creates an elegant marker on the Miami skyline,” Dancey told our correspondent. The design also incorporates environmentally responsive elements, including a louvered shading system that pays homage to Florida’s vernacular architecture while optimizing internal comfort.

Community Integration

Griffin’s vision extends beyond Citadel’s walls. The project aims to connect with Miami’s ambitious Baywalk project, a multi-mile waterfront trail that promises to enhance the city’s public spaces. This integration underscores a commitment to urban development that goes beyond corporate interests.

The Griffin Effect

As the owner of the most expensive home in U.S. history, Griffin is no stranger to headline-grabbing real estate moves. This latest venture, however, transcends personal luxury. It’s a bold statement about the future of finance, with Miami positioned as a key player on the global stage.

Looking Ahead

With groundbreaking set for next year, the financial world will be watching closely. As Citadel’s new headquarters rises from the shores of Biscayne Bay, it will stand as a gleaming symbol of Miami’s ascendance in the financial sector—and of Ken Griffin’s unerring instinct for being ahead of the curve.

In the high-stakes world of hedge funds, Griffin has once again shown why he’s considered a master of calculated risks. As this glass and steel titan takes shape, it may well herald a new era for Miami, for Citadel, and for the landscape of American finance.

Photo: Foster + Partners
Source: New York Post


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