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This Week in Miami Real Estate: Halt in luxury condos, haunted mansions and more

A large amount of luxury condos have been built around Miami, causing a severe glut of inventory for those products. But a stop or pause in such projects might help the problem. According to The Real Deal, cancelled Miami

Miami has 12 acres of vacant downtown land. Here’s what residents want built.

Miami has a seen an influx of new residents and a healthy amount of development in its central business district. But is it the type of development residents want? A new study by Commercial Café shows that Miami has

Court upholds South Florida brokerage’s noncompete clause with former agent

A South Florida owner-broker won a court injunction against a former agent that the brokerage claims broke her noncompete clause, according to reports. Signature Real Estate Cos, and its owner Ben Schachter, sued former agent Shelly Gibson after she

Real Estate in Brief: Luxury car brands open residential buildings, Coral Gables named best neighborhood and more

Luxury brands such as Porsche, Pininfarina and Aston Martin are venturing out of the car business into designing residential towers in Miami. Porsche opened a 132-unit German tower on Sunny Isles Beach in 2017. Each apartment in the building

Record-breaking Miami Beach penthouse sells at $26 million

Miami’s most-sought-after penthouse located in the South of Fifth neighborhood sold for $26 million on May 11. The sale at 321 Ocean Dr. — a luxury residential development from Aria Development Group — is the highest priced residential transaction in

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Miami has some of the best high schools in Florida

The majority of Florida’s best high schools are in the Miami area, according to the 2018 U.S. News & World Report Best High Schools rankings. The state’s No. 1 ranked school is Pine View High School in Osprey, which

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Miami’s single-family luxury market is soaring

The luxury market in Miami has gotten off to a strong start this year as sales volume and prices for luxury homes have both increased. Total luxury homes sales climbed by 12 percent in the first quarter of 2018,

This Week in Miami Real Estate: Controversial road raising, Trump boys buy local home and more

Miami Beach is one of the South Florida communities most vulnerable to rising sea levels, but a plan to address the impact of climate change was nixed by city officials. The Miami Beach City Commission voted against a plan

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Miami area has the least safe Florida cities for pedestrians, study says

Florida had the highest rate of pedestrian fatalities in 2016, and many of the areas that are most dangerous to pedestrians are in south Florida, according to a new report. Kelley Uustal, A Fort Lauderdale law firm, partnered with

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Single-family listings, home prices increase in Florida

An increase in new single-family home listings did not correlate to lower home prices in Florida, according to Florida Realtors. Inventory crept up in the first quarter of 2018, when 96,281 homes were listed, a 1 percent increase over

This Week in Miami Real Estate: New law restricting beach access, Miami trolley expansion and more

South Florida residents pay a king’s ransom to live on the ocean, and they now have greater ability to remove you from their private beach. Beginning July 1, a new state law will make it easier for law enforcement

Recent college graduates are living at home more often

Today’s graduates are more likely to be living with their parents than graduates from the previous decade. According to Zillow’s analysis of 2016 Census data, 28 percent of recent graduates live with their parents — up from 19 percent

Miami single-family home inventory increased in March

Despite a nationwide inventory crisis that is hampering the housing market, Miami has actually seen increases in single-family homes for sale, according to the Miami Association of Realtors. Inventory of single-family homes increased 2.5 percent in March of this

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South Florida cities among the top 100 safest

Florida has three of the 100 safest communities in the country, and two Miami-area cities have cracked the top 20, according to this year’s  NeighborhoodScout list of Top 100 Safest Cities report.  To create its list, NeighborhoodScout compares cities across the

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This Week in Miami Real Estate: Smart towers, the best places to be an agent and more

The list of the best places to be a real estate agent in 2018 was recently released, and Miami did not fare so well. Miami came in 117th place out of 179 cities, according to WalletHub’s rankings. The rankings cite

Miami single-family luxury sales take off in March

Total home sales continue to decline in Miami, but one portion of the market has seen double-digit gains in sales volume: luxury single family homes. Home sales at $1 million or more increased by 10 percent in March versus

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