Category: Miami

Read More

The South Florida real estate market continues to see a flurry of activity, with real estate developer and hotelier Ronny Finvarb of Finvarb Group recently completing the sale of the Courtyard Palm Beach Jupiter hotel for an undisclosed amount to an entity tied to JW Marriott Family Enterprises, led by CEO Robert Kalchik and Vice President Stephanie Loughlin. Finvarb Group, based in Miami, originally developed the four-story, 128-key hotel in 2014 on a 1.5-acre lot. The company had initially purchased the development site for $3.94 million in 2008. The Courtyard…

Read More

Miami-based luxury real estate development firm CMC Group has secured a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce / The Collection, a nine-story Class-A mixed use office and retail development in the heart of Miami’s elite Coral Gables neighborhood. Developed by veteran developer and CMC Group Founder Ugo Colombo in 2002, the Mediterranean-style building also is home to The Collection, one of the most successful luxury car dealerships in the United States, with brands including Ferrari, Aston Martin, Porsche, Maserati, Alfa…

Read More

An impressive, luxury penthouse is now available for purchase at Rivage Bal Harbour for a staggering $75 million, making it one of the priciest properties in Miami. Rivage Bal Harbour is an exclusive, oceanfront condominium complex comprising 54 units. It is managed by Related Group, Two Roads Development, and Rockpoint. Miami Profile noted that this is one of the first projects in the neighborhood in the past two decades. The penthouse features 5 bedrooms, 7 bathrooms, and 3 powder rooms, spread across a total of 17,521 square feet. Among its…

Read More

Read More

Homeowners in Florida may see their property taxes go down after the Republican-led state legislature passed a bill that was signed by the governor Friday. House Bill 7019 now must be approved by voters in the form of constitutional Amendment 5, which will appear on November’s ballot. In Florida now, homeowners are permitted to reduce by $50,000 the assessed value of their home, which in turn reduces the property tax burden. For example, the owner of a $300,000 home would pay taxes on $250,000. John White, a homeowner with a…

Read More

Homeowners in Florida may see their property taxes go down after the Republican-led state legislature passed a bill that was signed by the governor Friday. House Bill 7019 now must be approved by voters in the form of constitutional Amendment 5, which will appear on November’s ballot. In Florida now, homeowners are permitted to reduce by $50,000 the assessed value of their home, which in turn reduces the property tax burden. For example, the owner of a $300,000 home would pay taxes on $250,000. John White, a homeowner with a…

Read More

Homeowners in Miami-Dade, Florida, have witnessed their property values double in just 15 years, according to statistics reviewed by Miami Realtors. The president of the MIAMI Board, Gus Fonte, recently noted that the real estate market in the Sunshine City “always defies the norm.” He argued that while other real estate markets in the United States are experiencing declines in prices and sales, “the value of homes in Miami has increased at twice the national rate over the past 15 years.” Several factors contribute to this remarkable trend. Firstly, the…

Read More

The Miami-Dade real estate market has witnessed a remarkable increase in the value of its taxable properties over the past year. According to an official report from the county’s Property Appraiser’s Office, total taxable values now reach $469 billion, marking a $43 billion rise compared to 2023. This growth is partly fueled by new constructions, which have contributed $6.1 billion to the overall increase. In percentage terms, the total taxable value in Miami-Dade has surged by 10% in the last year and an astounding 53% since 2019, the year before…

Read More

The PROFILE Exclusive Podcast gets up close and personal with Miami’s most dynamic developers, investors, brokers, architects, designers, hospitality icons and entrepreneurs to dive into the Miami real estate market and get you a behind the scenes view of their career and lives. The PROFILEmiami podcast is hosted by PROFILEmiami Co-Founders Demetri Demascus and Katya Demina. Make sure to hit the subscribe button to be the first to know when a new PROFILE video goes live on YouTube. Recent Episodes

Read More

“Miami is the gateway to the Americas,” Post this About 147 countries searched for MiamiRealtors.com in April 2024. Colombia, South Florida’s top global buyer, has now finished in the top-two among the top countries searching Miami real estate in each of the last 26 months. Top-10 Countries Searching MiamiRealtors.com in April 2024: Country        Share of International Search         1. Colombia            11.1 % 2. United Kingdom        6.6 % 3. Canada            6.4 % 4. Argentina           …

Read More

Amidst a significant personal moment marked by the release of her partner Raphy Pina from prison, Dominican singer Natti Natasha has opened the doors of her Miami home to Architectural Digest Mexico and Latin America. This home, where the reggaeton star has created many beautiful memories with her family, is deeply influenced by her Dominican roots. For the publication, Natti Natasha conducted a tour, showcasing all areas of her house, which stands out for not being a super mansion. The singer revealed her spectacular closet and even showed the spot…

Read More

CGI Merchant Group faces a double whammy in Miami-Dade County, with both of its Gabriel-branded hotels headed to foreclosure auctions.  The two planned Uniform Commercial Code, or UCC, sales come as the South Florida real estate market is feeling the sting from elevated interest rates and skyrocketing insurance premiums.  Yet, CGI Merchant, a Coconut Grove-based real estate firm founded and led by Raoul Thomas, isn’t giving up on its assets, saying in a statement that it’s in talks with lenders.  Sources say the firm is working on a recapitalization of…

Read More

The South Florida real estate market saw a significant resurgence in April, following a slowdown in residential transactions since December. Wealthy buyers have largely returned, driving both sales and prices to new historic highs. In Miami-Dade County, there were 2,342 home sales, a 5.4% increase compared to April 2023, according to the latest monthly report from the Miami Association of Realtors. Median sale prices reached a new peak of $654,000 for single-family homes, surpassing the previous high of $650,000 from February and March. Condominium prices remained steady at $444,000. In…

Read More

Latino investors have significantly increased their presence in the Miami real estate market, indicating a substantial outflow of capital from Latin America to Florida. Bloomberg Línea consulted a report from The Miami Association of Realtors (Miami Realtors), which noted that real estate sales to foreign investors slightly declined over the past year, but Latinos accounted for one-third of property purchases. “The legal security in the United States is unparalleled. The issue of rentals and property stability attracts a lot of international investors, especially compared to Latin American markets,” commented Geovanny…

Read More

Read More

“,”url”:”https://youtu.be/NiREyhBSo1E?si=8PidOciAWdmGNzbo”,”resolvedBy”:”youtube”,”floatDir”:null,”providerName”:”YouTube”,”customThumbEnabled”:false}” data-block-type=”22″ id=”block-yui_3_17_2_1_1716486442326_133726″> [embedded content] PROFILEmiami co-founder Demetri Demascus had the exclusive opportunity to sit down with real estate investor the founder and CEO of Black Lion Investment Group, to discuss the South Florida real estate market. Robert Rivani, President of Black Lion Investment Group, is an American entrepreneur, retail entertainment innovator and real estate visionary. The real estate and hospitality visionary has invested over $250 million into Miami real estate in the past few years and is venturing into the commercial office sector with his largest and most ambitious…

Read More

Miami has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Miami is most at risk from hurricanes. 67,494 properties in Miami have some risk of being in a severe wind event within the next 30 years. Wind likelihood over time If an exceedingly rare windstorm (a 1-in-3,000 year storm event) occurred today, it could cause wind gusts of up to 228 mph. In 30 years, an event of this same likelihood would show increased wind gusts of…

Read More