Featured Press

New penthouse in Coconut Grove sells for $13M

A buyer from Mexico paid $13 million for a penthouse at the new Grove at Grand Bay condo in Miami’s Coconut Grove. Terra Grove Communities, an affiliate of Miami-based Terra Group, sold the 5,145-square-foot Unit LPH-S to PAE Grove Holdings. The buyer obtained a $7 million loan from HSBC Bank USA. Attorney Oscar I. Alfonso… Read More

Brickell Magazine – Power Houses 2017

What will Trump’s presidency mean for Miami’s real estate?

  The king of real estate is set to rule the country, but what will a Donald Trump presidency mean for local real estate, one of South Florida’s biggest industries? We wanted to gauge response from Realtors, developers, economists, bankers and lawyers about possible impacts of the election, both in the short and long term…. Read More

Is Miami overvalued? “Not at all,” says top producer Karen Elmir

Miami Agent (MA): Where is Miami’s luxury real estate market strongest? Karen Elmir (KE): Miami is a unique city with a multitude of luxury neighborhoods. Among those include Brickell, Edgewater, Miami Beach and Coconut Grove, specifically the exclusive S. Bayshore Drive. Properties such as Grove at Grand Bay are currently redefining luxury in Coconut Grove in… Read More

Coconut Grove’s luxe real estate market: a sleeping giant about to awaken

As Miami’s primordial neighborhood, Coconut Grove evokes passion and pride among its residents past and current. Long considered Miami’s dormant market, the Grove has most recently come alive with vast opportunity driven by the demand of both residential and rental sales that includes new plans, preconstruction deals and surging prices. The Grove’s vast green canopy… Read More

Brickell site sells for $6M, developer plans mixed-use project

A developer paid $6.25 million for a pair of low-rise buildings in west Brickell with plans to build a new mixed-use project.  The properties, at 239 and 243 Southwest Ninth Street in Miami, total 15,000 square feet and sold for about $417 a foot, Cervera Real Estate’s Karen Elmir, who arranged the off-market deal, told… Read More

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