Miami Rises to Super Prime Market

A Facts and Trends report by TrendGraphix published in December 2012 places One Sotheby’s International Realty firmly on the top sales in Miami-Dade County from 2006-2012. The achievement is remarkable, considering that One Sotheby’s International was founded in 2008 and in 4 years has become a leader in the luxury market, bolstered, in part, by its affiliation with the worldwide Sotheby’s brand. A dedicated team of professionals with international connections has also contributed to the agency’s success.

Agents come from all over and speak over a dozen languages. According to the 2012 World Wealth Report, the Miami real estate market is considered 1 out of 3 super prime markets in the U.S. — along with New York and Los Angeles — for any buyer looking to spend at least $20 million on a home.  Miami far exceeded that price range, with homes sold well over the $20 million mark.

ONE Sir’s TRENDS magazine also offered some insight on the rise of the luxury market in 2012.  From the publication:

“The rise of the super luxury market in South Florida is the break-out story of 2012. While the number of all residential transactions in Broward and Miami-Dade stayed nearly flat from 2011 to 2012, with fewer than 1% more sales year over year, the luxury market took off. South Florida is still valued tremendously low as far as dollar per square foot in the worldwide luxury real estate market, yet gains prominence and importance, year after year.”

Total Real Estate Sales Volume

Real Estate Trends Miami

Cream of the Crop Super Prime

In 2012, One Sotheby’s agent Inga Boutbol was the buyer’s agent for an Indian Creek Island property that sold for a record-breaking $47 million.  Jorge Uribe, also with One Sotheby’s, was the buying and selling agent for a $38,400,000 home also located on the same island near Miami Beach and Bal Harbour. Below, are just some of the most impressive properties sold over $15 million in 2012.

3 Indian Creek Drive Interior
This Indian Creek Island home sold for a record-breaking $47 million in Miami-Dade County.
3 Indian Creek Drive
Another view of 3 Indian Creek Drive. One Sotheby’s Inga Boutbol was the buyer’s agent.
14 Indian Creek Drive
The facade at 14 Indian Creek Drive. The buyer and seller agent was One Sotheby’s Jorge Uribe.
13 Star Island Drive
13 Star Island Drive sold for $25,500,000.
Setai Penthouse Miami Beach
This SETAI penthouse sold for $21,500,000.
19 Indian Creek Drive
19 Indian Creek Drive sold for $18,555,000.

Leave a Reply

Your name and email address are required. Your personal information is strictly confidential and will not be shared with any outside organizations.