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Miami Luxury Market Surges with $249M in Deals | Real Estate News
Miami’s luxury real estate market exploded last week, with a $79.5M Golden Beach mansion leading the charge as 22 high-value contracts—totaling $249.4M—closed, up sharply from last year. Eighteen of those were single-family homes averaging five months on market, including a record-breaking 17,500 sq ft Ocean Blvd. gem at $4,500/sq ft. Behind the scenes: one buyer is tied to a construction CEO and land acquisition in 2021, while another property on Hibiscus Island—a teardown—sold in just three days after its owner entered a plea deal over a money laundering scheme. Condos also saw action, with…
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