Category Archives: Sotheby’s Realty

L’ATELIER PENTHOUSE PURCHASED BY KAYAK EXECUTIVE STEVE HAFNER

L’ATELIER PENTHOUSE PURCHASED BY KAYAK EXECUTIVE STEVE HAFNER

Steve Hafner, chief executive of Kayak Software Group, is in contract to buy the penthouse at L’Atelier in northern Miami Beach. L’Atelier is a ONE Sotheby’s International exclusive development slated for completion in the third quarter of 2018. Sales launched in 2015 and to date the building is 87 percent sold.

Hafner bought the unit because he wanted both more space for his family and as a financial move. “North Beach/Surfside is an up-and-coming area, and I think the penthouse is a good investment,” said Hafner in an interview with The Wall Street Journal. Initially shopped for $33 million in 2015, the penthouse was officially listed at $25 million when it was put on the market in February of last year. An impeccably designed unit, it will take up the 17th and 18th floors. Soaring 22-foot-high ceilings in the living and dining rooms, a 40-foot-long pool and exclusive roof access are just some of the impressive features of the 8,000 interior square foot unit, which has an additional 8,500 square feet of exterior space.

I have believed in this project since the beginning and I believed in the vision of the Developers, Architect and Holly Hunt. It is truly rewarding to finally see L’Atelier come to fruition and to be so close to sellout. ONE Sotheby’s represents 65% of the sales and this is a true testament to our success.



 

Release of The Wealth-X World Ultra Wealth Report 2015-2016

Wealth-X released their much anticipated World Ultra Wealth Report with updated 2015-2016 data. The findings are particularly illuminating in this election year of change. The report found that there are 212,615 ultra high net worth (UHNW) individuals globally holding a combined wealth of US $30 Trillion in assets. This represents flat growth from the prior…Continue Reading

Miami Herald Asks Local Influencers “What will Trump’s Presidency Mean for Miami Real Estate?”

The Miami Herald conducted an interesting and thought provoking audit of local influencers in the wake of the Trump Election (here). Their piece sought to assess the reaction of professionals who are active in local real estate, one of South Florida’s biggest industries. The Herald spoke with realtors, developers, economists, bankers, and lawyers about short…Continue Reading

South of Spice 2016 – Sponsored by Louver House

Summer temperatures may be hot in Miami Beach, but nothing compares to the heated buzz surrounding South of Fifth’s neighborhood foodie scene. Enter the 2nd annual South of Spice event. From 6PM-10PM, on Tuesday July 26th enjoy a delicious food/beverage tour thru the iconic community. Not only is my firm involved in this evening, but…Continue Reading

2016 Trends Report Released

My firm’s 2016 Trends Report has been released. Rich with data, and the finished product dives into the current state of the market in the most desirable South Florida enclaves. The region has matured into a more diversified and vibrant economy. Buyers are finding themselves with more opportunity, but the best-in-class, newer projects still represent…Continue Reading

NYC Sotheby’s Affiliate Networking Event

Late last week, I flew to NYC with my partner Alan Arujo for an elite broker networker between New York area Sotheby’s Realty Affiliates hosted by my firm. Hand selected to attend, I was able to take advantage of the unique and talented group of brokers. As the night went on at the Pierre in…Continue Reading

Updated: Ultra High Net Worth Buyer Trends

Last month yielded growth statistics regarding real estate purchase trends of the elusive UHNWI (the Ultra High Net Worth Individual) demographic whose asset base is $30M+. Wealth-X & Sotheby’s International Realty, partnered on the UHNW Residential Real Estate Index to update the UHNW Residential Real Estate index which rose to 115.2 in Q2 2015. This…Continue Reading

Just Released: EMEA Wealth-X Report

Sotheby’s International Realty brand and Wealth-X partnered this year for the Europe, Middle East and Africa Luxury Residential Real Estate Report For 2015, the second of four custom reports planned for 2015.  As a member of our prestigious global brand, it’s my honor to be able to connect Miami with highly qualified buyers abroad. The…Continue Reading

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