Miami Shores
REAL ESTATE
ERA OF EXTRAVAGANCE
DOLCE & GABBANA UNVEILS ITS FIRST EVER RESIDENTIAL SUPERTOWER, A BLACK AND GOLD MARVEL IN THE MAGIC CITY’S BOOMING FINANCIAL DISTRICT. To classify the greater Miami real estate scene as red hot could be considered the understatement of the decade. The Magic City’s luxury residential market leads the nation in growth (it rose 6.5% in 2023 alone, topping off a 64% surge over the last five years, by far and away the heftiest price swell in any American city), averaging $5.37 million per luxury home in the super-premium category. When the royal Italian house of Dolce & Gabbana set out to choose an address for its debut residences, few were surprised the honor went to Brickell, Miami’s ever-booming empire of excess.
Key Biscayne drops to fourth in list of wealthiest South Florida zip codes, but #2 in median home values
Keeping up with that rich "Jones family" is certainly challenging, especially in Florida, where more millionaires and billionaires are settling in. For example, a 2023 report in the South Florida Business Journal showed Key Biscayne had dropped two spots on the list of the Top 5 Wealthiest ZIP Codes in South Florida, slipping from No. 2 to No. 4 with a median income of $244,487.
$3+ million South Miami Ave. home headlines last week’s Real estate sales for Key Biscayne and Brickell
Memorial Day week saw the sale of several million-dollar properties on Key Biscayne. One sale in Brickel was for $3,035,000, and multiple other properties sold for a wide variety of prices and in many sizes. Read on to see the details. Key Biscayne. $2,850,000. 3 bed 3.5 bath 2,225 sq....
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