Vipoceanrealty Miami Beach Real Estate News

Tommy Lee Jones asks $26.7M for Wellington estate

February 26, 2013 11:00AM

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Tommy Lee Jones and his Wellington estate

The man in black and ranch enthusiast, Tommy Lee Jones has listed his 50-acre equestrian estate in Wellington for $26.75 million, according to Gossip Extra. The Oscar nominated actor bought the home for a mere $4.62 million in 2002, but now prefers to play polo at his other equestrian homes in San Saba, Texas and California, a source told Gossip Extra.

“It’s a unique property for a unique buyer,” Philip Lyle Smith, a luxury broker, said. “The appraisal could be a problem since there’s a huge difference between what Mr. Jones bought it for and what he wants for it. It’s going to take a while for him to sell it.”

The roughly four-bedroom, 11,000-square-foot main home features floor-to-ceiling glass walls facing the regulation-sized polo field, as well as a pond, several miles of horse trails and 48 horse stalls.

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Setai duplex asks $22M

February 26, 2013 04:00PM

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Setai’s Townhouse A

Two full floors at the Setai’s Townhouse A have hit the market asking $22 million, according to Curbed. The unit’s most prominent feature is a huge modern staircase which wraps around the full length of the main room.

The 3,650-square-foot unit also features three balconies, four bedrooms and a double height oceanfront living room. Coldwell Banker’s Jill Hertzberg and Jill Eber, known as the Jills, have the listing, located at 101 20th Street in Miami.

Vip Miami Beach Luxury NewsToday’s priciest new listing

February 26, 2013 05:00PM

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484 Mariner Drive

Today’s priciest new listing is a five-bedroom, five-bathroom, 9,334-square-foot single-family home that is asking $6.7 million, according to Condo Vultures. The waterfront house, which is located at 484 Mariner Drive in Jupiter, features 130 feet of waterfront and a dock. Rob Thomson of Waterfront Properties and Club Communities has the listing. ( data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.)

VIP Real Estate News

Check out Luxury Listings NYC!

February 27, 2013 10:00AM

Love the luxury market? Then why not check out The Real Deal‘s newest publication, Luxury Listings NYC. This glossy magazine features the most expensive and unique residential property listings NYC has to offer, with dedicated coverage on happenings in each Manhattan micro-neighborhood.

Whether you live in South Florida, Manhattan or something in between, the magazine is a cheat sheet for everything luxury buyers and sellers need to know about the NYC market. We also include advice for buyers, sellers and renters on navigating the NYC’s real estate terrain.

“People’s infatuation with New York City apartments is twofold,” said Amir Korangy, publisher of The Real Deal and Luxury Listings NYC. “On one hand, they are blown away by how many people can live in a 300-square-foot studio with a single window facing the innards of a building, and on the other hand, they are blown away by how an apartment can be worth $50 million or more. While we don’t focus on bargain apartments, we will extensively chronicle the latter and will allow readers to peek into these amazing homes.”

Luxury Listings has the widest distribution of any publication in Manhattan, reaching more than 100,000 doorsteps – larger than that of the New York Times and the Wall Street Journal — thanks to our partnership with the city’s largest print distributor, Mitchell’s NY.

“In addition to regular, dedicated pages on every Manhattan neighborhood in each issue (something the various real estate sections around town surprisingly don’t offer), we also write all our stories with the understanding that readers in Manhattan care about money and are sophisticated when it comes to their finances,” said Stuart Elliott, editor in chief for The Real Deal and Luxury Listings. “We don’t underestimate our readers.”

“The Real Deal has become the preeminent source of news for real estate professionals over the past nine years, and we’ve won awards and greatly grown our coverage and readership along the way,” Elliott added. “We feel there is a similar place for coverage for the general reader.”

See the inaugural issue of Luxury Listings below.-

Mansiond at Acqualina news!

February 27, 2013 12:00PM

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Sunny Isles Beach

For the first time since the real estate crash, financing has come through for a major construction loan for a Miami condominium project, the Wall Street Journal reported. A group of lenders led by a Birmingham, Ala.-based corporation called Regions Financial will lend $160 million to the developers of the Mansions at Acqualina, the Journal said. The 47-story tower in Sunny Isles Beach has asking prices starting at $7.75 million.

The loan is the first larger than $100 million since the collapse of Lehman Bros. left a glut of Miami condos on the market and investors and banks reeling. The loan may indicate that banks have an increasing zeal for risk, as historically low interest rates leave little room for profit in less risky ventures.

Today’s Vip priciest new listing

February 21, 2013 05:00PM

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800 South Pointe Drive

Today’s priciest new listing is a three-bedroom, three-bathroom, 3,103-square-foot condo in the Apogee that is asking $7 million, according to Condo Vultures. The waterfront property is located at 800 South Pointe Drive, #603, in Miami Beach. John Lennon of South Pointe Drive Realty has the listing. ( Data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.)

Miami Kardashian house hits the market for $14.5M

February 22, 2013 04:00PM

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The Jills and Kourtney, Kim Kardashian and 2095 Northeast 120 Road

South Florida’s celebrity brokers the Jills of Coldwell Banker have officially listed Palazzo di Mare the home recently occupied by Kourtney and Kim Kardashian while filming their reality TV show “Kourtney and Kim Take Miami,” for $14.5 million, the broker team announced today.

The 16,500 square-foot waterfront estate,  located at 2095 Northeast 120 Road in North Miami, features eight bedrooms, 11-bathrooms, a second-floor massage room and sun deck, a family room with surround sound system for its 80” television, a billiard room, bar and lounge area and a library.

“With the location and the extravagant detail that went into Palazzo di Mare, it is no surprise that this is the home Kourtney and Kim Kardashian selected to stay at while filming in Miami,” Jill Eber, said. “From the elaborate interiors with cast stone decorative ceilings, to the main house’s basement that can accommodate 10 vehicles, this property is truly one-of-a-kind.”

Today’s priciest new listing

February 22, 2013 05:00PM

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The St. Regis

Today’s priciest new listing is a two-bedroom, two-bathroom, 1,777-square-foot condo in the St. Regis that is asking $3.3 million, according to Condo Vultures. The waterfront condo is located at 9705 Collins Avenu, #1505, in Bal Harbour. Ilya Reznik of the Reznik Group has the listing. Data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.)

Today’s priciest new listing

February 20, 2013 05:00PM

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50 S. Pointe Drive, #702

Today’s priciest new listing is a three-bedroom, three-bathroom, 2,190-square-foot condo in the North Tower of the Continuum On South Beach that is asking $5.9 million, according to Condo Vultures. The waterfront condo is located at 50 S. Pointe Drive, #702, in Miami Beach. Henry Camino of Doral Isles Real Estate has the listing. (data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.) 

Russian lawmaker resigns over SF property scandal

February 21, 2013 04:00PM

www.vipoceanrealty.comVladimir Pekhtin

Vladimir Pekhtin, a senior lawmaker from Russia’s ruling party, United Russia, and chairman of Parliament’s ethics committee, resigned on Wednesday following the release of documents that showed him as the owner of at least three luxury properties in South Florida, totaling more than $1.3 million. Pekhtin had neglected to list his holdings on required disclosure forms, the New York Times reported.

The contentious documents, published by a blogger last week, came on the heels of President Vladimir Putin’s proposed legislation to bar senior Russian officials from holding bank accounts or owning stock overseas.

Though the proposal does not prohibit officials from owning real estate out of the country and Pekhtin insisted that he did nothing wrong, he will step down regardless to save his party from further controversy.

The documents show that the properties under Pekhtin’s name includes a South Beach apartment that was purchased last year for nearly $1.3 million, in a building where Dallas Mavericks’ owner, Mark Cuban, also owns an apartment.

Pekhtin has a history of undisclosed real estate holdings, as reported by the Times. He made local news last year when newspaper Vedomosti revealed that he owned a large mansion outside St. Petersburg as well as other secret properties.

Today’s priciest new listing

February 21, 2013 05:00PM

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800 South Pointe Drive

Today’s priciest new listing is a three-bedroom, three-bathroom, 3,103-square-foot condo in the Apogee that is asking $7 million, according to Condo Vultures. The waterfront property is located at 800 South Pointe Drive, #603, in Miami Beach. John Lennon of South Pointe Drive Realty has the listing. (data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.) 

Board moves to preserve “Real Housewives” Star Island mansion

February 13, 2013 12:00PM

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42 Star Island (photo courtesy Curbed)

The Historic Preservation Board of Miami Beach voted yesterday to pursue preservation status for 42 Star Island, the mansion belonging to a couple featured on reality television show the “Real Housewives of Miami,” the Miami Herald reported. While that would normally stall the demolition of the neoclassical structure, the Herald said the papers were filed by the board so late that the couple’s planned tear-down will likely go ahead regardless. The board is not expected to take up the matter until April, the paper said, and the couple, Leonard and Lisa Hochstein, have already filed the necessary paperwork to move ahead with a demolition at the site.

Even the Preservation Director for Miami Beach, William Cary, has come out against the board’s vote, noting that the couple filed first, and calling the board’s move “unethical,” per the Herald.

“I think it’s a bad precedent to set,” Cary said. [Miami Herald] 

Today’s priciest new listing

February 13, 2013 05:00PM

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12704 Stonebrook Drive

Today’s priciest new listing is a six-bedroom, 10-bathroom, 15,000-square-foot single-family home that is asking $5.9 million, according to Condo Vultures. The waterfront home, which is located at 12704 Stonebrook Drive in Davie, sits on 41,752 square feet of land and features a pool, movie theater, card room, gym, wine cellar, a humidor and recording studio. Rhonda Koussevitzky of Prudential Florida Realty has the listing. (data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.) 

Arab royalty renting A-rod’s Miami mansion?

February 14, 2013 03:00PM

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After failing to find a buyer,  New York Yankee Alex Rodriguez appears to be renting his North Bay Road home. But according to Curbed, the new residents are not your typical renters, they’re royals.

A source told Curbed that four Saudi princes have landed in the  19,861-square-foot mansion, located at 4358 North Bay Road overlooking Biscayne Bay. The regal renters reportedly showed up with an army of black Cadillac Escalades and four additional air conditioners. Previous reports have stated that the property is being leased for more than $125,000 per month.

Marina Palms to open new sales office

February 14, 2013 04:00PM

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A rendering of Marina Palms Yacht Club & Residences

The new 10,000-square-foot sales center for the 468-unit Marina Palms Yacht Club & Residences condominium project will have its grand opening Feb. 28th in North Miami Beach, the development group announced today. 

The office, located at the intersection at 172ndStreet and Biscayne Boulevard, will feature a panoramic eastward view of the $400 million development’s 112-slip marina. It will also showcase a full-scale, 2,156-square-foot model unit that represents a two-bedroom, two-bathroom unit designed by Interiors by Steven G.

“The sheer size allows us to showcase our amenities and lets us incorporate these intimate settings to achieve the utmost in client education, comfort and discretion,” said Neil Fairman, president of the Plaza Group, whose affiliate is developing Marina Palms in partnership with an affiliate of the DevStar Group. “Like Marina Palms itself, our sales center is a direct reflection of our unique location and stature in the marketplace.”

The two-tower luxury condo project will feature butler service, an infinity edge pool, a gym, treatment rooms, Pilates and workout studios, coffee bar, children’s playroom and teen lounge, secure and gated access, and 24-7 valet service. Unit prices will start in the low $300’s per square foot.

Today’s priciest new listing

February 15, 2013 05:00PM

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2248 Appaloosa Trail

Today’s priciest new listing is a five-bedroom, six-bathroom, 5,716-square-foot single-family home that is asking $5.2 million, according to Condo Vultures. The house, which is located at 2248 Appaloosa Trail in Wellington, features an adjacent lot for a total of 3.61 acres. Robbie Johnson of Illustrated Properties has the listing.  data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.)

130 Palm trades for $10.6M

February 15, 2013 02:00PM

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130 Palm

After hitting the market less than one month ago, a six-bedroom, eight-bathroom mansion has traded for $10.625 million at 130 Palm Avenue, Coldwell Banker, which had the listing, announced. The 7,940-square-foot waterfront property had been asking $11.5 million, according to Streeteasy data, and was marketed by Jill Eber.

The Mediterranean-style home is located on guard gated Palm Island and features bay and Downtown Miami skyline views, a pool, a four-car garage, an elevator, a theater room and dockage with 100 feet of water frontage. 

“The Jills” set to appear on Kardashian reality show

February 15, 2013 11:00AM

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From left: the Jills and Kourtney and Kim Kardashian

The Coldwell Banker broker team colloquially known as “the Jills,” are set to appear on reality show “Kourtney & Kim Take Miami,” according to a release from Coldwell Banker. Jill Hertzberg and Jill Eber will be featured on the E! Entertainment show, presumably taking the ladies to listings, although the details of the show were not released. The show follows sisters Kourtney and Kim Kardashian on the search for a new location for the family’s fashion and accessory boutique.

“I thought Jill and I had the toughest schedule in Miami, but Kim and Kourtney certainly give us some stiff competition!” Jill Eber said in the statement. “Those girls are filming their show six days a week, and they are marketing machines.” 

Today’s priciest new listing,call 305-484-2559.

February 08, 2013 05:00PM

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50 South Pointe Drive, #3402

Today’s priciest new listing is a four-bedroom, three-bathroom, 3,030-square-foot condo in the Continuum On South Beach that is asking $6.5 million, according to Condo Vultures.The waterfront condo, which is located at 50 South Pointe Drive, #3402, in Miami Beach, features marble floors, four balconies and access to the building’s sporting club, beach services and patio restaurant. Diana Carulla of Continuum South Beach Realty has the listing. ( data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.)

Today’s priciest new listing,call 305-484-2559

February 11, 2013 05:00PM

978 Fern Drive

Today’s priciest new listing is a six-bedroom, seven-bathroom, 10,052-square-foot furnished single-family home that is asking $6 million, according to Condo Vultures. The waterfront, three-story home, which is located at 978 Fern Drive in Delray Beach, features 223 feet of water frontage, canal dockage, 12K boat lift and a pool. Lisa Lipsky of Mizner Grande Realty has the listing.(Condo Vultures data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.) 

Murano at Portofino

Today’s priciest new listing

January 29, 2013 05:15PM

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1000 S. Pointe Drive, #3101

Today’s priciest new listing is a four-bedroom, three-bathroom, 3,365-square-foot condo in the Murano at Portofino that is asking $7.1 million, according to Condo Vultures. The waterfront condo, which is located at 1000 S. Pointe Drive, #3101, comes furnished. Fred Afif of Keller Williams Miami Beach has the listing. (Condo Vultures data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.) 

Today’s priciest new listings at st regis bal harbour

January 30, 2013 05:15PM

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The St. Regis

Today’s priciest new listings is a three-bedroom, three-bathroom, 3,884-square-foot condo in the South Tower of the St. Regis that is asking $8.5 million, according to Condo Vultures.The waterfront condo, which is located at 9701 Collins Avenue, #1901-S, in Bal Harbour, features fully furnished interior decorating by  Steven G and access to the building’s private pools, concierge, housekeeping services, oceanfront cabanas and fitness center. Maria Robayna of Decorus Realty has the listing. (Condo Vultures data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.)

Coral Gables mansion hits the market asking $30M

February 01, 2013 05:00PM

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4 Tahiti Island Beach

A 10-bedroom, 10-bathroom home in the Tahiti Beach Island section of Coral Gables hit the market today, asking $30 million, according to Condo Vultures. The massive 21,235-square-foot home is not only the priciest property to list this week, but is also one of fewer than ten properties in Miami currently asking $30 million or more. 

Located at 4 Tahiti Beach Island, the 62,051-square-foot waterfront property features a theater, private elevator, staff quarters, four-car garage and a pool, and is adjacent to the Cocoplum Marina, which offers large boat slips, dock master and boating facilities. Jill Eber of Coldwell Banker has the listing.

Marco Rubio asks $675K for West Miami home

January 31, 2013 11:00AM

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Sen. Marco Rubio

U.S. Senator Marco Rubio has listed his 2,700-square-foot, four-bedroom home in the El Retiro subdivision of West Miami, mid rumors he may be mulling a run for President in 2016, Gossip Extra reported.

Rubio’s pad, at 6060 SW 13th Street, is currently asking $675,000. He and his wife, Janette, purchased the property for $550,000 in December 2005. Sources speculated that the couple and their four children may be moving to Washington D.C.

Today’s priciest new listing

January 31, 2013 05:45PM

www.vipoceanrealty.com1000 S. Ocean Boulevard

Today’s priciest new listing is a three-bedroom, four-bathroom, 4,114-square-foot condo in the One Thousand Ocean that is asking $6.1 million, according to Condo Vultures. The waterfrot condo is located at 1000 South Ocean Boulevard, No. 507, in Boca Raton. Mark Nestler of Nestler Poletto Sotheby’s International Realty has the listing.  (Condo Vultures data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.)

A-Rod finds Miami Beach renter

February 01, 2013 11:00AM

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A-Rod’s Miami Beach mansion

Yankees slugger Alex Rodriguez gave up trying to find a buyer for his Miami Beach home earlier this month. Instead, he has found a renter.

A-Rod’s 19,861-square-foot pad, at 4358 North Bay Road overlooking Biscayne Bay, is being leased for more than $125,000 per month, the New York Daily News reported. It was previously listed by One Sotheby’s International Realty’s Mayi De La Vega for $38 million.

The home comes outfitted with a full gym, sauna and steam room, a pool and 16 security cameras.

Setai penthouse sells for $27 million, most ever paid for South Florida condo

January 15, 2013 06:30PM 

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The Setai

A penthouse at the Setai condominium in Miami Beach has sold for $27 million, according to Zilbert International Realty. The sale represents the most ever paid for a condominium unit in South Florida.

The 40th floor unit has four bedrooms, 4.5 bathrooms and 7,100 square feet of living space.

Jeff Miller of Zilbert Realty brokered the deal, representing the undisclosed buyer.

Miller previously brokered the $21.5 million sale of another Setai penthouse in 2011, at the time South Florida’s largest-ever condo sale.

South Florida’s largest sale was previously set by a $25 million penthouse purchase at Continuum in May.

The Setai is located at 101 20th Street.