Demand for South Florida Real Estate Fuels Soaring Prices and Gleaming Towers as Tech, Music and Hollywood Hit the Region
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variety.comKathy A. McDonald The sky appears to be the limit for South Florida luxury residential real estate. Billions of dollars in luxury condominium towers are in the pre-sales, planning and construction pipeline.
March 2024 saw a record condo price for the state when a penthouse at Miami Beach’s Shore Club Private Collection went under contract for $120 million.
Entertainment, sports and finance figures like Amazon’s CEO Jeff Bezos and Sylvester Stallone have made the move to the tonier cities in South Florida.
For those seeking prime locations overlooking Biscayne Bay or on the beach with Atlantic Ocean or intercoastal views, location and architecture are major differentiators as are a project’s menu of desired amenities.
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