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Iconic Mashta House Hits The Market For $60,000,000

September 11th, 2014 Written By

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If you have ever driven past Key Biscayne on a boat then you have  no doubt noticed the spectacular piece of property located at 775 South Mashta Drive (aka The Mashta House). This man-made peninsula was built by W.J. Matheson in the early 1900's and inspired by a house that he had seen while visiting the Nile.  The home was used for guests of Matheson who arrived on Key Biscayne by yacht including the Carnegies, Mellons and Vanderbilts. Currently listed for...Continue Reading!

Townhouse Unit At Key Colony Sells For Full List Price Of $3,400,000

July 11th, 2014 Written By

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Key Colony on Key Biscayne is a unique oceanfront complex offering a luxury lifestyle with fantastic amenities. The community is made up of 4 different condo buildings, twelve tennis courts, state of the art fitness center, multiple pools, jogging path, beach access and covered assigned parking.  Because of the great location and ultimate beachfront experience, condos at Key Colony are in high demand and tend to get snapped up quickly when they come on the market. Recently, a townhouse unit at...Continue Reading!

Significant Sale | 240 Harbor Drive Sells For $9,170,000

June 17th, 2014 Written By

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The spectacular waterfront home located at 240 Harbor Drive on Key Biscayne closed recently for a sale price of $9,170,000.  This home had been on and off the market for the past 3 years.  It started at a list price of $8,800,000 back in 2011, then it was taken off the market, only to come back on the MLS at a list price of $10,270,000 a year later.  At the time it went under contract it was listed for $10,470,000....Continue Reading!

Facts About The Key Biscayne Condo Market

May 21st, 2014 Written By

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The real estate market on Key Biscayne is changing rapidly everyday.  So far this year we have seen an increase in values but a slowdown in the number of overall sales. Condo prices have risen from $564.00 per square foot in 2013, to $624.00 per square foot in 2014.  Check out some of the recent statistics on the market below! Most Expensive Condo Sold On Key Biscayne In 2014? Unit 401 at the Grand Bay Towers closed in April for $4,300,000 which...Continue Reading!

The Building Boom On Key Biscayne

May 6th, 2014 Written By

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If you follow the Key Biscayne real estate market, then you know that prices have increased dramatically over the past year.  Part of this increase in value is due to all of the new construction that is going on.  Investors all over the Key are purchasing single-family ranch style homes for land value, demolishing them and building large contemporary homes.  These new homes are pushing up the average sale price. Last week Martha Brannigan from the Miami Herald wrote an article...Continue Reading!

Two Modern Homes Hit The Market On Key Biscayne

April 17th, 2014 Written By

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Modern homes are in high demand on Key Biscayne.  Buyers are drawn to the open living spaces, high ceilings and walls of glass that a contemporary style home offers.  This type of home really embraces island living and brings the outdoors in.  Modern homes typically receive a lot of interest when they hit the market because there are so few available.  If you are interested in this type of home, you will want to check out two that just hit the...Continue Reading!

Mashta Island On Key Biscayne | 3 Homes Already Sold In 2014

April 3rd, 2014 Written By

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Mashta Island is one of the most prestigious locations on Key Biscayne.  Homes on Mashta Island have some of the best views that you can find anywhere in Miami.  The western side of the island offers direct Bayfront views and the eastern side of the island offers views of Key Biscayne's coveted Hurricane Harbor. There have already been 3 homes sold in 2014 representing a total volume of $23,150,000.  Homes on Mashta Island sell for a premium.  This year, homes traded...Continue Reading!

Key Biscayne Single Family Home Market – 2012 Year in Review

September 19th, 2013 Written By

Similar to the condo market that we wrote about recently, the market for single family homes in Key Biscayne, just keeps getting stronger. When there is no more land to build on, the Law of Supply and Demand couldn’t be more pure. Add to that, the fact that the Village of Key Biscayne is in the market to buy property for Green Space and the value land can only increase. In 2012, just over $218,000,000 in single family property transactions were...Continue Reading!

Key Biscayne Condos 2012 Year in Review

September 18th, 2013 Written By

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2012 was a remarkable year for the condominium market in Key Biscayne. With no new construction available, existing buildings did very well. In total, almost $270,000,000 in condo property transactions were closed during the year. Here is a summary of what sold: 281 = number of condos sold 77 = number of condos sold with prices in excess of $1M $960,594 = average condo sales price $469 = average sale price per square foot 184 = average number of Days on the Market 6% = average difference...Continue Reading!

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