Inventory is low, Miami's luxury properties are in the highest demand to date. The massive growth is largely due to foreign investors opting for South Florida Real Estate versus cash or equity investments in weaker economies. Miami has become a magnet for the world's wealthy.

Developer Todd Michael Glaser recently sold his sleek eight bedroom waterfront mansion he built in 2013 for about $14.3 million, the most expensive sale on Sunset Islands 3 & 4 in Miami Beach. The recent Sunset Harbour neighborhood transformation and close proximity to South Beach's best attributes has boosted values on the Sunset Islands, North Bay Road, and the Venetian Islands. Limited and highly exclusive Penthouses have been selling at extraordinary, record breaking prices. They seem surreal. Most recent sales include the $50M dollar, 18,000 square foot oceanfront PH with infinity edge rooftop pool at the excusive new Faena House in Miami Beach. Buyers plunked down $25M to $35M for the sultry and sophisticated Penthouses in hot new buildings like Edition and Glass in Miami Beach.

What's available? There are a few extraordinary New Development Penthouses remaining South of Fifth in Miami Beach.Marea above has two with exceptional views available. Downtown Miami's New Developments has a range of enticing Penthouses for sale at various price points with exceptional views. Contact me for the latest availability and pricing.