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☆ With Wealth Pouring Into Miami, Neighbors List Their Homes for a Total of $150 Million
▼ + stars: | 2023-11-28 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

A few months ago, Jorge Luis Garcia was sipping an Odette Estate Winery Cabernet with Juan Miguel Almeida and Adria Adrian Almeida, his neighbors on Palm Island in Miami Beach, Fla. Having observed a string of mega-real estate deals, Garcia had a proposition for the Almeidas, whose home is adjacent to his two waterfront properties. “We were talking about how we are sitting here on a tremendous opportunity,” said Garcia, the former owner of a medical business in Orlando. “If these houses were sold together, can you imagine that?”

Persons: Jorge Luis Garcia, Odette, Juan Miguel Almeida, Adria Adrian Almeida, Garcia, ” Organizations: Adria Locations: Miami Beach, Fla, Orlando

Homes a tenth the size of Mar-a-Lago on tiny inland lots sell for that in the Town of Palm Beach, a wealthy island enclave. It is also a club, private beach resort, historical artifact and banquet hall with a ballroom that features gold leaf. The much smaller Palm Beach compound once owned by the Kennedy political dynasty sold for $70 million three years ago. SO HOW DID PALM BEACH COUNTY COME UP WITH SUCH A LOW TAX ASSESSMENT? If Mar-a-Lago had a $1 billion assessed value, it’s property tax bill would be approximately $18 million.

Persons: Donald Trump's Mar, Trump, Judge Arthur Engoron, Liza Pulitzer, ”, Pulitzer, Brown Harris Stevens, Rob Thomson, Marjorie Merriweather Post, E.F, Hutton, Richard Nixon, Gerald Ford, Jimmy Carter, Mona Lisa, Renoir, Eli Beracha, Lago, ” Beracha, Thomson, Kennedy, Becky Robinson, Jared Moskowitz, Robinson, Letitia James, James, — Organizations: New, Palm, Trump, Waterfront Properties, Historic Landmark, Post, Mar, Florida, Hollo, Real, U.S . Rep, South, South Florida Democrat, Trump , New York Locations: FORT LAUDERDALE, Fla, York, Florida, Palm Beach, Intracoastal Waterway, Post, Mar, Lago, summering, New Jersey, Trump, South Florida, Trump ,, New York

Sydney office buildings and commercial real estate appear behind Sydney waterfront properties in the suburb of Birchgrove, Australia, November 3, 2016. The national CBD vacancy rate rose to 12.8% from 12.6, the data showed. "We are confident that the Australian office sector will stabilise and rebound strongly over the next few years," Curtain said in a statement. However, a review of past reports showed vacancy rates for prime offices in Sydney and Melbourne have increased over the past two years. In the case of Sydney, vacancy rates for prime and secondary offices are almost identical, at around 11%.

Persons: Jason Reed, Lewis Jackson, Kim Coghill Organizations: REUTERS, Property Council of Australia, Thomson Locations: Sydney, Birchgrove, Australia, Melbourne, Perth, Angeles, New York, CBRE

☆ These are 10 of the cheapest places in the US you can score a beach house
▼ + stars: | 2023-05-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Gulfport, Mississippi, is the most affordable coastal town in the US to buy a house, per Realtor.com. The average price for a house that is located within a mile of the beach in Gulfport is $144 per square foot, making it the cheapest coastal town, per Realtor.com's report. The average cost of a coastal house there was $224,900, it said. Its list is limited to just one beach town per state, and also includes some bayside areas as well as towns next to the ocean. Newport News, a city in Virginia with a population of around 184,000 near Williamsburg, Virginia Beach, and the Atlantic Ocean, comes in second place.

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