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19 Palm Ave in Palm Island sold at $20,500,000 by Ivan and Mike

19 Palm Ave front

We are thrilled to announce that Ivan Chorney and Michael Martirena closed the 19 Palm Avenue residence at $20.5 million, hitting one of the highest sales notes in Miami Beach. They represented the buyers, a California-based family who purchased the property through a trust. Dina Goldentayer of Douglas Elliman had listed the upscale home at $23.5 million in October 2019. This mansion is a class act in its entirety, starting with the architecture penned by the prized Choeff Levy Fischman.  With 9600 square feet of covered area, the property expands as one of the most lavish and exquisite on the Palm Island waterfront.

The ground floor is a Choeff Levy Fischman ‘Tropical Modern’ signature layout, which is an open plan with floor-to-ceiling glass doors. These spill out onto the back-garden deck and seamlessly blend the interior and exterior living spaces. This makes up an open-air atrium of a handsome 460 square feet, with floating steps descending into a shallow pool. This area adjoins a larger, bespoke swimming pool, as well as high-end summer kitchen and wet bar.

The centerpiece of this garden is this opulent arrangement of the infinity-edge pool and Lautner deck. The composition is such that the water appears like an oasis. It then boarders a sunken living room, which openly frames a cosy fire pit. The outdoor deck also includes a cabana with attached commodities. A spiral staircase springs up from this part of the house, to a rooftop lounge where sunbathing seems prescribed.

In the crisp interior, the living room is announced from the clean-cut, entrance foyer with magnificent wood louvers and sparkling ponds. This part of the house features a bespoke wall panel, crafted in Italy, which reveal a hidden television nook. The dining space lines the living room, with a floor-to-ceiling brass-covered gas fireplace, with LED lighting. This ultra-modern and meticulously-planned home even boasts a dedicated entertainment lounge, bedecked in gentle overtones. This space also has a classic black and gold bar for perfect hosting occasions.

However, the heart of this dwelling is potentially its $500 000 Fendi gourmet kitchen. It basks in chocolate lacquer, floor-to-ceiling cabinetry and champagne leather paneling. It also has a breakfast area, which supplements the formal dining room. A kitchen island, pantry but also high-end modern appliances are among the installations. These are: a built-in oven, dishwasher, ice maker, microwave, refrigerator, dryer and washer.

An Ipe wood staircase leads to the upper level of the house, from the Italian-tiled foyer. On this floor of the mansion, there are has 6 spacious bedrooms of gray overtones matching the exterior slabs. They also feature soft, organic coverings which complement the cloudy flooring and Cavalli walls. The master bedroom is a grand 1490 square feet, with Cantilevered wood ceilings up to the balcony. It has a romantic sitting area, which opens up on an angular, glass-framed terrace and stunning scenery of the Biscayne Bay. It also has a midnight kitchen and fireplace, ideal for lyrical evenings. All rooms are fitted with the most avant-garde and roomy walk-in closets.

Attached bathrooms are succinctly paved in beautifully-veined marble, with glass-encased showers and superior-grade fittings. The master bedroom’s private bathroom comes with a custom-made vanity, where the floating Boffi tub is an absolute treat. Two of the other larger bathrooms on this floor are fitted with a zero-edge spa shower, steam and scent ventilation.

On this level, there is also a pajama lounge, which an intimate space to enjoy lazy mornings or breakfast ‘almost’ in bed. It faces an external glass atrium, providing pleasant backdrops to this indoor stretch.  The house also boasts a larger theater for the full-fledged recreation of family and friends. Additional provisions include a separate area for the live-in house help.

The entire estate gorges on 18,000 square feet, with the exterior dotted with contemporary gray limestone. There are relaxing reflecting ponds and other aquatic installations which enhance the property’s proximity to the water. In addition to the aesthetics, the home is also fully automated, with an integrated Savant technology system. There is also a residential-grade elevator, which services all three levels of the property.

The mansion previously belonged to London investor Dean Carr and his wife Melissa. Their original buying price of the house was of $6.5 million in 2014. It was their undertaking to appoint Choeff Levy Fischman for the refurbishing and redesigning – a project which was only completed in 2019. It is the 3rd property to be selling on Palm Island in recent weeks, an indication that the COVID-19 pandemic has not quite hampered luxury property deals in the area. These sales demonstrate buyer and investor confidence, as well as the buoyancy of the industry through testing times.

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10 Must-Have Features Your Next Luxury Home Needs

10 Must-Have Features Your Next Luxury Home Needs

The pursuit of high-end living is all about a comfortable and splendid lifestyle.  The true connoisseur of luxury is not only looking for top-notch amenities but also that unique edge that showcases their exclusive status and position.

The leaps in technology have allowed builders and creators to come up with truly amazing and genius ideas that take lavish living to the next level. Open spaces and expansive bedroom sizes aren’t enough anymore, with new technology-based amenities on the rise.

It is not only the ease that technology provides but also the culmination of comfort and splendour for the affluent homeowner on the hunt for their palace of peace. So without further grandstanding, here are 10 must-have features your next luxury home needs…

10 Must-Have Features Your Next Luxury Home Needs

Motion Activated Kitchen Appliances

The kitchen is said to be the hearth of the modern home. It is a place where people gather and thus needs to reflect the comfort of the homeowner. Opulent living requires a kitchen that makes your life easier and comfortable. Motion-activated faucets and smart fridges not only make daily tasks feel like a breeze but also make your use of your resources greener and more efficient.

Smart Beds, Smart Mirrors and Smart Showers

High-end home automation is the crux of an affluent lifestyle with every feature accessible and controllable through your smartphone. Smart beds feature plush mattresses whose softness and rigidity can be controlled according to your needs. Luxury Spa bathrooms deliver not only smart showers with multiple faucets, jet styles, and preset preferences but also smart mirrors that track the users’ necessary health information. Towel warmers and heated floors are part and parcel of this package to make your baths feel like royalty.

Hydroponic Indoor Garden

Organic living is not only healthy but also a highly expensive endeavour to undertake. Home-based organic food growing is an option open to only the richest and cultured homeowners. An indoor hydroponic garden can easily be installed even inside the kitchen drawer and allows for the natural growth of all kinds of herbs and micro-greens, making your food journey a truly luxurious one.

Pet Shower

You deserve the very best in home living, and your pet does the same. True luxury extends to not only oneself but also to our beloved pets, who we all love spoiling. A shower designed and constructed specially for your pet is the epitome of comfort and wealth.. Be it your prize-winning Samoyed or your beloved British Shorthairs make your life easier and theirs through the very best in pet care. You’re a star, and we believe your loved pets are too!

Secret Tranquility Room

Successful and highly driven people are by their nature magnets for responsibility. A chic lifestyle is often taxing on your body and mind. A home should define tranquility and peace for you and thus must contain a room built for that purpose. Secret tranquility rooms are tailored to your needs and give you an escape from your hectic and glittering lifestyle. The beauty of a tranquility room is that it can serve several leisurely interests. Make your Fortress of Solitude a game room, massage room, sauna room, or if you’re feeling magnificent, maybe all three!

Dynamic Swimming Pool

Classy living demands the easy availability of a wide range of relaxation options that necessitate the creation of unique pools. A simple pool is a thing of the past; what feels like pure elegance is a pool that transforms your surroundings to the peak of opulence. Dynamic swimming pools not only provide heating options but also give a variety of water movements to make your morning laps feel like an ocean adventure.

Pool Theater

Entertainment rooms are a prerequisite to affluent living with their adoption by the richest a norm these days. The genuinely elite separate themselves from the rest through innovation in comfort. Pool theaters not only give a fun edge to your movie nights but also provide grandeur mixed with bliss. Not only that, but a pool theater gives you more flexibility when it comes to party size and viewing options. Immerse yourself in a genuinely cinematic experience and make your movie nights stand out from the rest. Besides, imagine watching Jaws while you float above the water with the surroundings rife with tension and excitement!

Wine Room

A wine and tasting room is another highly sought after amenity. No longer relegated to hidden underground parts of the house, wine rooms have taken prime placement among luxury homes. Make your wine room a highlight of your kitchen experience by giving it the center stage it deserves. A beautiful wine room must not only contain attractive displays but a wine dispensing system with temperature control.

Walk-in Closet

The definition of magnificence contains the importance of open, expansive spaces in your home. Nothing makes getting ready for a glitzy night more exciting than a walk-in closet featuring complete attires displayed at your pleasure. Living like a King means having a room for your one-of-a-kind fashion sense to shine and be on display. Make getting ready a pleasure rather than a task with a sprawling walk-in closet that you can walk around freely.

Outdoor Living and Eating Spaces

The marriage of indoor living spaces with outdoor ones is the true definition of a kingly home. Sunday lunches prepared on an outdoor kitchen and enjoyed on an outdoor stone dining table combine splendour with rusticity. The options with outdoor spaces are endless with various groovy amenities like cabanas, roving patios and poolside bars. Make your poolside chats into mini-vacations that not only relax you but cater to your personal preferences.

Make your next dream home a truly grand spectacle with these fantastic features to complement your royal standards.

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The Ivan and Mike Team Ranked # 2 Top Teams Sotheby’s International Realty

The Ivan and Mike Team Ranked # 2 Top Teams Sotheby's International Realty

Miami-based brokerage, which expanded to Vero Beach and Melbourne last year, closed $3.2B in sales, up 30% y-o-y

The Ivan and Mike Ranked # 2 Top Teams Sotheby's International Realty

One Sotheby’s International Realty handed out its top awards for 2019 – with Dennis Carvajal as the company’s No. 1 producer, and Mirce Curkoski and Albert Justo taking the top team win.

The Miami-based brokerage, which expanded north to the Vero Beach and Melbourne markets last year, closed $3.2 billion in sales volume in 2019, a 30 percent increase compared to the previous year, according to a spokesperson.

Carvajal had more than $100 million in sales last year, which included the $14 million sale of 9501 Journeys End Lane in Coral Gables.

Michael Martinez, Ralph Arias, Anna Sherrill, and Saddy Delgado followed Carvajal as top producers in 2019. Arias was involved in the nearly $50 million sale of 3 Indian Creek Island Road in Indian Creek.

The top teams were Curkoski and Justo’s The Waterfront Team; Ivan Chorney and Michael Martirena’s The Ivan & Mike Team; Denise Long and Lynda Smith, Daniela Bonetti and Darryl Fox’s The Bonetti Fox Team; and Nestler Poletto’s team.

Susan Gale was the No. 1 commercial broker for the company, followed by Manny Chamizo. Gale’s deals included the $34.75 million sale of 344-350 Ocean Drive to Henley.

Bambi Ross was the top producing new recruit.

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What’s Happening in the Miami Beach Luxury Real Estate Market in 2019

Miami Beach Luxury Real Estate market

Real estate, more than many, is a business of trends and being able to tap into the changing whims and demographics of a clientele. Being successful in luxury real estate means integrating well with the trends of wealthy clients, looking for the latest in high-end home trends. Exploring the trends of the Miami Beach luxury real estate market shows that despite the surging areas of Brickell, Bal Habour and Surfside, Miami Beach remains the hottest and trendiest neighborhood in the Miami-Dade area. Here are the other significant trends from this high-end market.

Miami Beach Luxury Real Estate market

Best Luxury Real Estate Market in the World?

According to a recent study from research firm Bendixen & Amandi International, the majority of agents and brokers feel that the luxury real estate market in Miami Beach is still offering a good value, even with the impressive price tags, with 52% of brokers and agents surveyed finding the current inventory a good value. However, the percentage of agents who called the market overvalued dip jump up from the year prior, indicating that perhaps the value is starting to switch. The inventory and value is currently buoyed by continued development and construction in the Miami Beach market. In fact, this market makes the luxury inventory in Miami-Dade arguably one of the finest in the world.

Tax Plan Brings In Buyers

Back in 2017, the United States tax code underwent a reform. Among other items, the tax plan created a cap of $10,000 of local and state taxes that filers could claim and deduct on their federal tax returns. Since luxury real estate buyers are more likely to be affected by this cap, the Miami Beach market has seen an influx of potential buyers from other states. This is particularly potent because buyers are coming in from higher-tax areas like New York and into the state and local tax-free area of Miami-Dade. While this impacts the entire Miami-Dade area, Miami Beach has seen a major impact, with the majority of purchasers from this demographic being single-family homes in the state’s hottest market.

Larger Homes Trumping Condo Purchases

Bolstered by the out-of-town, tax-incentivized buyers, a lot of the action is coming on larger, single-family homes. The fastest-moving inventory in the luxury market has been in homes over 10,000 feet, making up about 70% of the high-end home sales. Of these sales, the vast majority have been in brand-new construction homes with a modern style. This makes the development of these properties a lucrative area right now, and there isn’t an end in sight. The luxury condo market, while not the majority, is far from stagnant. Buyers interested in the smaller living space properties have been making up for it with a focus on unbeatable location. New construction is still highly valued, but condo buyers are very much focusing on beachfront property. Inventory in this space is fairly limited, but it is moving quickly, with high price tags.

The luxury real estate market is still a booming sector in the overall landscape of Miami-Dade. With that boom, plenty of markets are on the rise. However, the king remains the Miami Beach luxury real estate market, one of the finest major markets anywhere in the world. Driven by a rush of buyers from high tax areas, the real estate market is incredibly strong. This is driving prices up, and while most brokers still feel that the prices, even in the luxury sector, are a value, it is possible this is starting to turn. However, the time is still ripe for buyers to capitalize on value, and sellers can benefit from a short inventory with high demand in 2019.

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