Miami Real Estate News Roundup
Increased Sales Prices in Miami Beach
A recent news report has revealed that sales prices in Miami Beach have climbed significantly as of July 2013, compared to the previous year. The luxury real estate market reached sales of over 300 single family homes with an average increase of $14.1%. The number of condos sold according to the report was 826 between August 2012, and July 2013.
Versailles Hotel Will Be Incorporated in Faena District
Alan Faena has purchased the historic Versailles Hotel last week, with the intent of incorporating the building in the planned Faena District. See more details regarding preconstruction property Faena House here.
David and Victoria Beckham Interested in The Versace Mansion
The Real Deal reported that the Beckhams are interested in the famed mansion that has been listed on the market for over a year. Read the full story here. The property is scheduled to go to auction this September 17th, with the minimum bidding price being $40M.
1930s Mansion Listed for $12.9 Million
The luxury market combines both new and old-school properties. In Miami Beach, a 1930s home located at 6420 Allison Road, has been listed for over twelve million. It was built by an industrial mogul and has since been restored.
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