Miami Beach Luxury in never goes out of style

There is constant talk about how hard the Miami Real Estate Market is being hit.

Is Miami Beach Luxury Market starting to see more movement? You better believe it!

With the real estate market in an unstable condition, absorption rates are increasingly used as an indicator to assess how long it would take to sell ALL the existing Miami Beach condos, South Beach homes and villas, if the sales remain constant and no new listings are added to the inventory. Additionally, absorption rates are the best way of tracking market performance and how an entire market is doing.

If you are looking to sell your Miami Beach real estate, make sure your real estate broker keeps you informed about the market conditions in Miami Beach or South Beach. Knowing the absorption rate for your South Beach property will help you establish how aggressive you need to be with pricing, staging, and marketing your condo, luxury villa or home.

We chose five of the most recent closed sales of South Beach luxury villas.

This +/- 13,000 Ft. Greek Mediterranean-style estates, for example, sold for $14,900,000. Located on Hibiscus Island, consists of a main house, guest house, boat house & cabana, 5 bedrooms, 5 bath and 2 ½ baths on 19,687 Sq. Ft. It was featured in multiple architectural & design magazines, movies & videos.

Another one of a kind villa on San Marco Island, in South Beach sold recently for $7,950,000. High tech throughout, roof top pool and large deck, elevator to roof, media rooms, terraces, 7 bedrooms, 8 bath and ½ baths on 10,500 Sq.Ft. Just incredible.

On San Marino Island, Miami Beach, this priced right at under $1000/sq.ft. Stunning, completely remodeled Mediterranean estate sold for $6,995,000. 5 bedrooms, 4 ½ baths of luxury including Natural Gas Generator Back Up For Entire House.

$5,900,000 bought this new custom home with media room w/full surround sound and wet bar. 3 car vertical garage w/ lift. Infinity lap pool with spa and pool cabana bath and outside shower. With 6 bedrooms, 6 and ½ baths on a 60X 175 lot, it was a great buy.

Another San Marco Island architectural Waterfront Gem on 105 Ft Direct Bay Frontage: 7bed, 6.5bath sold for $5,700,000. This incredible 2 story contemporary residence features a unique open-concept design inclusive of a great room, living, dining, music, and game areas unified by polished natural stone, soaring ceilings and 30ft high glass walls; a gourmet kitchen, wood floors, see-thru walkways, stainless steel, onyx walls, negative edge, black-bottom pool.