Luxury Real Estate South Florida

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South Florida is a prime destination for those seeking luxury real estate. Known for its stunning beaches, vibrant culture, and favorable climate, the region attracts high-net-worth individuals from around the globe. The demand for luxury properties in South Florida, including exclusive neighborhoods in Miami, Fort Lauderdale, and Palm Beach, continues to rise as buyers seek more than just a home; they desire an unparalleled lifestyle.

Why Invest in South Florida’s Luxury Real Estate Market?

Strategic Location and Connectivity: South Florida's strategic location offers excellent connectivity to major global cities, making it a hotspot for international buyers. Miami, often referred to as the "Gateway to the Americas," boasts world-class infrastructure, including Miami International Airport, which offers flights to every corner of the world. This connectivity appeals to business professionals and entrepreneurs who value ease of travel for both work and leisure.

Favorable Tax Environment: Florida is one of the few states in the U.S. with no state income tax, which is a significant draw for high-net-worth individuals and families. This tax-friendly environment, combined with a robust and diverse economy, enhances South Florida’s appeal as a luxury real estate market.

Diverse Property Offerings: The luxury real estate market in South Florida is incredibly diverse. From oceanfront estates and high-rise condominiums with panoramic views of the Atlantic to private gated communities offering seclusion and exclusivity, there is something to suit every taste and preference. Areas like Fisher Island, Coral Gables, and Sunny Isles Beach are renowned for their opulent homes and unparalleled amenities.

Resilience and Growth: Despite economic uncertainties, South Florida’s luxury real estate market has shown remarkable resilience. The region has seen a consistent appreciation in property values, driven by a strong influx of domestic and international buyers. This sustained demand ensures that luxury real estate in South Florida remains a sound investment with the potential for significant returns.

Lifestyle and Amenities: South Florida offers a lifestyle that is hard to match. Residents enjoy year-round sunshine, access to some of the finest dining and entertainment options, luxury shopping districts, and world-class golf courses. The region’s commitment to arts and culture, coupled with its natural beauty, creates an irresistible allure for luxury homebuyers.

South Florida Luxury Real Estate Experts

South Florida’s luxury real estate market is expertly navigated by top advisors Ivan Chorney and Michael Martirena. Known for their deep understanding of the region’s most exclusive neighborhoods, including Miami Beach, Sunny Isles, and Coral Gables, they offer unparalleled access to high-end properties such as oceanfront estates and luxury condos.

Ivan and Mike Team provide a personalized approach, working closely with clients to understand their unique needs and investment goals. Their expertise includes identifying prime opportunities, negotiating favorable deals, and leveraging a strong network and innovative marketing strategies. Partnering with Chorney and Martirena ensures a seamless and successful real estate experience.

Luxury Real Estate South Florida Market Report (2021-2023)

Market Overview:

From 2021 to 2023, the luxury real estate market in South Florida experienced significant growth, driven by a combination of factors including high demand, limited inventory, and increased interest from out-of-state and international buyers. The region, encompassing Miami, Fort Lauderdale, and Palm Beach, saw a notable rise in property values and transaction volumes.

Key Trends:

  1. Strong Demand:
    • The luxury market witnessed a surge in demand, with many buyers seeking spacious homes with modern amenities. The COVID-19 pandemic accelerated trends towards remote work and lifestyle changes, increasing the appeal of larger, more luxurious properties.
  2. Price Appreciation:
    • Property prices in South Florida's luxury segment saw substantial appreciation. High-end homes experienced double-digit annual price increases, with some areas, particularly Miami, seeing price jumps of over 20% year-over-year.
  3. Increased Out-of-State and International Buyers:
    • There was a notable influx of buyers from high-tax states such as New York and California, as well as international buyers from Latin America and Europe. South Florida’s favorable tax environment and appealing lifestyle were key factors in this trend.
  4. Limited Inventory:
    • Inventory levels for luxury properties remained tight, contributing to competitive bidding and elevated prices. The supply-demand imbalance was exacerbated by delays in new construction and a lack of available high-end listings.
  5. Market Segmentation:
    • The market saw significant activity in various segments, including waterfront properties, penthouses, and new construction. Ultra-luxury homes, particularly those with unique features or prime locations, commanded premium prices.
  6. Sustainability and Modern Features:
    • There was a growing emphasis on sustainable living and modern features. Buyers showed increased interest in energy-efficient homes, smart technology, and properties with eco-friendly designs.

2021 Highlights:

  • Recovery and Boom: The market began to recover from the pandemic-induced slowdown, with a robust rebound in sales and prices.
  • Record Sales: Record-breaking sales transactions were reported, including several high-profile deals.

2022 Highlights:

  • Price Surge: Continued upward pressure on prices, with some properties achieving unprecedented sales figures.
  • Increased Construction: New luxury developments and high-end renovations saw significant activity.

2023 Highlights:

  • Normalization: While the market remained strong, there was a slight moderation in the pace of price increases and sales activity.
  • Shift in Buyer Preferences: Greater emphasis on lifestyle features and community amenities became more prominent.

Outlook:

The luxury real estate market in South Florida is expected to remain robust, although future growth may be moderated by economic factors and potential shifts in buyer behavior. Continued interest from high-net-worth individuals and favorable market conditions will likely sustain demand for premium properties.

Browse the Latest Luxury Real Estate South Florida:

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Home For Sale

190 Palm Ave, Miami Beach, FL 33139

21Bedroom(s)
31Bathroom(s)
AttachedParking(s)
20Picture(s)
35,385Sqft
Introducing THE PALM COMPOUND, featuring 35,385 gated interior sqft on a 90,000 sqft lot with 300 linear feet on the water with multiple docks for yachts. The compound includes three mansions side-by-side, and gives full flexibility with room for staff, guests and security. Meticulously designed with the highest quality materials and an unwavering commitment to detail.
$148,500,000
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Home For Sale

3585 Anchorage Way, Miami, FL 33133

13Bedroom(s)
18Bathroom(s)
GarageParking(s)
8Picture(s)
11,855Sqft
Once-in-a-Lifetime Opportunity. Introducing Banyan Ridge Estate in the heart of Coconut Grove. This mesmerizing multi-acre private gated haven tailored over 4.5 decades never before offered to the public. 2 parcels feature direct ocean views boasting 180’ of water-frontage. Banyan Ridge transports you to a transcendent oasis w/ meticulously landscaped grounds.
$135,000,000
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Home For Sale

198 Palm Ave, Miami Beach, FL 33139

15Bedroom(s)
22Bathroom(s)
AttachedParking(s)
31Picture(s)
24,036Sqft
Introducing 198 & 190 Palm Ave, featuring 24,036 gated interior sqft on a 60,000 sqft lot with 200 linear feet on the water with multiple docks for yachts. The compound includes two mansions side-by-side, and gives full flexibility with room for staff, guests and security. Meticulously designed with the highest quality materials and an unwavering commitment to detail.
$99,000,000
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Home For Sale

6800 Fisher Island Dr 6802, Miami Beach, FL 33109

5Bedroom(s)
8Bathroom(s)
AttachedParking(s)
28Picture(s)
9,775Sqft
Set atop Palazzo Della Luna, Penthouse 6802 is Fisher Island’s premier sky residence.
$85,000,000
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Home For Sale

10 Cannon Point, Key Largo, FL 33037

12Bedroom(s)
13Bathroom(s)
OtherParking(s)
29Picture(s)
5,221Sqft
Nestled amidst the waters of the Florida Keys, an unparalleled opportunity awaits - your very own 26 acre Private Island plus an additional waterfront mainland home within Ocean Reef Club.
$75,000,000
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Home For Sale

3100 Bay Rd, Miami Beach, FL 33140

7Bedroom(s)
10Bathroom(s)
AttachedParking(s)
8Picture(s)
10,250Sqft
Prepare to be utterly captivated. Every facet of 3100 N Bay Road embodies visionary artistry and engineering brilliance. Located on Miami Beach’s storied Millionaire’s Row, this new-construction masterpiece by Valle Valle & Partners features an 8.01 NGVD seawall—an architectural triumph merging innovation with timeless refinement.
$75,000,000
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Home For Sale

280 Harbor Dr, Key Biscayne, FL 33149

1Bedroom(s)
2Bathroom(s)
1Picture(s)
4,679Sqft
A brief window of opportunity is open for the buyer searching for a trophy property in Miami. This is a multi property deal. Call for further details and available timeline.
$71,000,000
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Home For Sale

105+115 Ocean Blvd, Golden Beach, FL 33160

10Bedroom(s)
18Bathroom(s)
DrivewayParking(s)
66Picture(s)
13,323Sqft
Step Inside With Me! A beachfront compound on the sands of prestigious Golden Beach. This magnificent property is comprised of a main house, guest house & secondary residence. Positioned along 207 FT of linear ocean frontage, it spans a total of 3 structures, 10 beds & 18 baths for a total of 13,323 SF interiors.
$68,000,000
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Home For Sale

Bal Harbour, FL 33154

4Bedroom(s)
6Bathroom(s)
AttachedParking(s)
35Picture(s)
5,894Sqft
Architecturally distinctive fortress on an exclusive 24 hr secured gated island. Magnificent property includes newly restored large swimming pool & deep water dockage - easy 5 minutes ocean access with no fixed bridges. Can't find your perfect home? Your Classic Mediterranean meets Mid-Century Compound awaits! SELLER FINANCING AVAILABLE, call agent for terms! Can be divided into 3 buildable lots.
$66,000,000
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Home For Sale

1236 Venetian Way, Miami, FL 33139

8Bedroom(s)
15Bathroom(s)
NoneParking(s)
17Picture(s)
17,330Sqft
Ultra-luxury living on the Venetian Islands with this brand-new waterfront showpiece. Boasting 8 bedrooms, 7 full and 5 half baths across nearly 15,000 SF, this modern estate sits on a massive 26,571 SF lot with 206 feet of prime Biscayne Bay frontage and breathtaking downtown Miami sunset views.
$60,000,000
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Home For Sale

130 Palm Ave, Miami Beach, FL 33139

9Bedroom(s)
15Bathroom(s)
CoveredParking(s)
13Picture(s)
15,132Sqft
One of the finest custom-built homes on its way to completion adorned with intricate design in marble, wood and brass works. Kobi Karp architecture in collaboration with Argent Design working together to create this innovative, visually stunning Stately estate with finishes and details of the highest quality.
$60,000,000
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Home For Sale

300 Biscayne Blvd Way, Miami, FL 33131

7Bedroom(s)
14Bathroom(s)
CoveredParking(s)
38Picture(s)
19,868Sqft
Introducing the Triplex Penthouse at Aston Martin Residences, a pinnacle of luxury and sophistication. Spanning three opulent levels, this residence offers sweeping panoramic vistas of Miami's skyline and the azure expanse of Biscayne Bay. Every detail exemplifies grandeur, with soaring ceilings, bespoke interiors, and curated finishes reflecting Aston Martin's elegance.
$59,000,000
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Home For Sale

1007 Links Dr, Miami Beach, FL 33109

8Bedroom(s)
12Bathroom(s)
DrivewayParking(s)
24Picture(s)
15,802Sqft
Presenting The Mega Mansion - the crown jewel of the exclusive collection of private homes in South Florida’s most prestigious zip code. Designed by Portuondo Perotti, this trophy estate spans over 15,800 SF under AC of curated spaces by Ford Interiors and 23,400 SF of grounds with lush gardens by Enzo Enea.
$55,000,000
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Home For Sale

9111 Collins Ave, Surfside, FL 33154

5Bedroom(s)
7Bathroom(s)
Garage Door OpenerParking(s)
66Picture(s)
5,535Sqft
Experience the LEGENDARY FOUR SEASONS LIFESTYLE from this EXCEPTIONAL PENTHOUSE, offering over 5,500 SQ FT of luxurious interior space, including 4 opulent bedrooms, 7 bathrooms, and staff quarters. Designed as a HOUSE IN THE SKY this residence features a stunning central courtyard and is perfectly suited for sophisticated living and entertaining.
$55,000,000
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Home For Sale

41 Arvida Pkwy, Coral Gables, FL 33156

8Bedroom(s)
11Bathroom(s)
Garage Door OpenerParking(s)
99Picture(s)
18,963Sqft
A generational estate on a 1.5-acre V-shaped peninsula, incomparable to any offering, presents an extraordinary 574' of prime waterfront in Gables Estartes, including a private 140'dock on protected waters. With jaw-dropping panoramas of Biscayne Bay, Miami skyline and Atlantic sunrises, it stands as a ture landmark, one of Miami's most iconic private residences.
$54,900,000
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Ivan G. Chorney

Ivan Chorney: Miami Beach Luxury Real Estate Agent

+1 (786) 863-5900

Michael Martirena

Michael Martirena: Miami Beach Luxury Real Estate Agent

+1 (561) 310-3009

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