hoebart electra: Pat Riley's Coral Gables Home and Miami ...

Miami Beach, Florida ? The South Florida Condo news has the luxurious Apogee?s Penthouse A listing for $25 million. As we recently reported the record for Miami Condo sale was $25 Million recently. A Miami triplex penthouse at the Continuum in South Beach took that record. However this Penthouse A at Miami Beach?s Apogee condominium tower has been listed and tries for the record if it gets a full price offer. One never knows given the climate of the Miami Beach Condo and Real Estate Market.

Luxury Condominiums and Penthouses in Miami Beach

This Miami Condo was listed according to reports from the broker Pablo Alfaro?of Esslinger?Wooten Maxwell. The triplex corner residence has a total of 7,000 square feet and an 11,000-square foot terrace. This luxury Apogee Penthouse is equipped with a rooftop pool. We see a lack of large and luxurious condominiums and penthouses on Miami Beach right now. he high-end Real Estate market in South Florida has seen a continual growth in activity. The resounding factor is this area is hot because one of the strongest segments of the population is international real estate investors. These Real Estate Investors from South America, Asia and Europe are attracted to the beauty of Miami Beach Condos and luxury houses.

History of Real Estate Sales at Apogee South Beach Condos

This Miami Condo project, Apogee, is to be found in the South of Fifth neighborhood. The luxury Miami Condos were built in?2008 when the Real Estate market was slumping all over. There was a New York Real Estate Investor who sold an Apogee Condo for $7.35 Million. That luxury Miami Condo sold last June, in 2011. The New York based investor, Irfan Verjee, had sold his luxury unit at Apogee South Beach for just about $1,970 per square foot.

Luxury Miami Condo for New York and New Jersey Real Estate Investors

The New York Real Estate Investor had acquired the luxury Miami Condo in 2009 for $6 million, or around $1,608 per square foot. So he turned a nice profit on this South Florida luxury home, The Real Estate Buyer of that luxury Miami Condo was a company. The Miami Dade County real estate records showed that the buyer was Apogee Unit 1404. This was believed to be, a company belonging to Andronico?Luksic?of Floram Park, New Jersey. The New York Real estate Investor was originally asking $8.99 million for the Apogee South Beach Condo. However after a trial period at that list price the Real Estate Owner dropped the price to $7.99 million.

Former Coach Pat Riley Sold Coral Gables Home for $16.8 million

This is a higher sales price than some of the Net Lease Properties in the area of Coral Gables. We recently saw the Coral Gables? 1000 Ponce office building sold for $5.2 million. The Miami Heat President Pat Riley and his wife, Christine, sold their 13,000 square foot Gables Estates home. This luxury Coral Gables House was at the tip of Arvida Parkway. The sales price was just under $16.8 million, based on South Florida public records.

Miami Realtors are Signing Large Sales throughout South Florida

Pat Riley and his better half enjoyed the Coral Gables home with five-bedrooms, as well as eight-bathroom. The Coral Gables waterfront home was sold to a company identified as 180 Arvida. This owner was a Real Estate Investment Company which is represented by Miami attorney Mark Hasner. Pat Riley had purchased the Coral Gables luxury home in 1996 for $6.3 million.

Coral Gables Waterfront Property

This luxurious home is situated at 180 Arvida?Parkway. The Coral Gables house was built in?1991, and is placed on an 80,150 square-foot lo. The premier Coral Gables real estate is surrounded on three sides by water. Pat Riley appears to have received a very handsome profit as back around 2011, the property got an assessed value of $12.6 million.