Miami-Dade’s White-Hot Housing Market
Villas at the Ritz-Carlton Residences, Miami Beach Already Two-Thirds Sold
The Villa Collection at The Ritz-Carlton Residences, Miami Beach, which broke ground and launched sales in February, has already sold 10 of the 15 villas, according to a spokeswoman. The villas, designed inside and out by Piero Lissoni, range from 3,263 to 4,643 square feet and feature three-, four-, and flex five-bedroom layouts with private terraces, two-car garages, fenced yards, and infinity-edge pools. Eight of the residences come with private boat dockage; seven have scenic gardens. The villas are priced from $4.375 million and come with resort-style amenities, including a resident art studio, an on-site captained day yacht, a half-acre rooftop pool deck with private cabanas, and a concierge service for beach access.
Miami-Dade Condo Market Still Sizzles, Up 17% From Last Year
The condominium market in Miami-Dade County—which includes notable luxury developments like Arte Surfside and Jade Signature—remains hot. CBS Miami reports that prices are up 17% from this time last year. House prices in the county, meanwhile, are up more than 21%. The seller’s market can be owed to low inventory and high demand, which have driven up prices on even seemingly modest homes.