Broward County Home for Sale Tops $130 Million

By Sunny Isles Real Estate Expert on November 6th, 2014

Hillsboro Beach house for sale

Broward County is no stranger to high-priced luxury real estate. While it doesn’t necessarily have the same concentration of luxury properties as South Beach, Bal Harbour, Sunny Isles or Miami, that’s largely due to the higher number of high-end condos south of Broward (CLICK HERE TO VIEW NEW CONDOS FOR SALE). The county is home to a number of luxury homes, mansions and estates, though, and they can command very high prices. With that being said, few approach the $139 million commanded by one oceanfront home in Broward County.

A Look at the Home in Question

Pull up to Hillsboro Beach (VIEW HOMES HERE) and you’ll have a stunning view of the water and the beach. You’ll also notice homes, and one home in particular, still under construction at the time of this writing. This is Le Palais Royal, and it’s believed to have the highest price of any residential listing in the country, much less the state of Florida. It’s priced at $139 million, and buyers get a lot for their money.

The house covers 60,500 square feet. Yes, you read that correctly. It boasts 11 bedrooms and 17 bathrooms. That’s not all this truly palatial home has to offer, either. Other features include:

• An underground parking garage with room for up to 30 cars
• A 492-foot dock on the ocean capable of housing a mega yacht measuring up to 185 feet
• A 13-foot front gate clad in 22-karat gold leaf
• An IMAX theater with seating for 18 people
• A bar attached to the theater inside the home
• A 4,500-foot infinity edge swimming pool featuring a 12-foot cascading waterfall
• An LED illuminated water slide
• A swim-up bar in the pool
• A fire pit attached to the pool deck
• An entrance fountain that measures 26 feet
• Dual marble staircases in the entry, costing $2 million

The home is not being built by an individual, but is owned by a trust tied to Robert Jacobson of Delray Beach. Denio Madera Design and Joseph Leon collaborated to design the home, which is expected to be complete late in 2015. All this can be yours for a cool $139 million.

The Most Expensive but Not Out of the Norm

While the home above might be the most expensive residential property listing in the country, it’s not without its peers. In fact, South Florida in general has become known for its incredible array of luxury real estate, ranging from palatial homes to condos, duplexes and more. The home mentioned above is in Broward County, but a quick drive south into Miami-Dade County gives you access to plenty of other listings, many of which approach the level of luxury and price of Le Palais Royal. Head farther south and you’ll enter the Florida Keys, were there are even more luxurious homes tucked away on hidden inlets and harbors.

Whether you’re more interested in a massive palatial estate, a villa, a single-family home or a condo, you’ll find it available in South Florida.

Planned Water Park in South Florida Will Help Residents Keep Cool

By Sunny Isles Real Estate Expert on July 10th, 2014

Fort Lauderdale water park

Florida’s a great place to live, but we know just how hot and balmy it can get during the summer, and actually throughout much of the year for that matter. Fortunately, you can find some great ways to keep cool. Some head to the beach, while others seek refuge in air-conditioned homes, bars, shops, and restaurants. Another great way to beat the heat is to visit a water park, and South Florida might just be getting a brand new park that residents and vacationers alike will love.

Big Plans for the Park

Schlitterbahn Waterparks is planning a park that will be two times the size of the already large Rapids Water Park in Riviera Beach. This new park is quite ambitious and has a large number of rides and rivers that connect with one another. What does this mean for visitors? It means that you will hardly ever have to leave the water during your visit. They have quite a few big ideas for the park too, and they want it to be a family friendly place that’s great for adults, as well as young children.

Some of the other things about the park that sound great include the fact that they do not plan to charge fees for the inner tubes or life jackets, they will offer free parking, and you can use the picnic tables. They even let you bring in your own cooler and lunch to the park. Many other theme parks have very strict rules about what you can and cannot bring into the park with you when it comes to food.

However, the park is still a ways off. They feel that the earliest it will probably open is sometime in 2017.

What Will the Park Offer?

Water is the name of the game at the park, but they do plan to offer more than just water rides. They also will have luxury suites around the perimeter of the park. Called “Treehaus”. They will resemble tree houses from the outside, but they will actually have luxurious accommodations on the inside. In fact, the suites will have three bedrooms and a pullout in the living room, which could accommodate twelve people. The cost of renting the suite would be about $1,000 a night during the height of the season. Spread among ten or twelve people though, this is a great deal.

The cost of admission to the park for the day would run about $50. When you compare that to the cost of other theme parks, it’s easy to see that it really is a great deal.

In addition to the water rides and attractions, the park will have shops and dining areas just as any other theme park might have. While it is still a couple of years away, people are increasingly excited about the idea of getting to the park and cooling down. It will be great to help bolster tourism, and it will bring even more jobs to the area. All in all, it’s a great idea for the Fort Lauderdale area.

Click here to view all Fort Lauderdale homes for sale

Privage Fort Lauderdale Condo Is Accepting Priority Reservations Now

By Sunny Isles Real Estate Expert on June 18th, 2014

Private Fort Lauderdale condos

The Privage Fort Lauderdale condo tower is now open for priority reservations. This incredibly luxurious building is home to large floor plans of 3,000 to 4,000 square feet, starting at $2.4 million. Privage’s tagline is “Privilege has its place,” and that place is most definitely at home in this building. It’s directly on the waterfront, commanding some of Fort Lauderdale’s most sought-after real estate.

Privage offers private grand entrances to each of its condos. That means that you won’t ever have to walk down the hall from the elevator to get to your unit. You’ll just step directly out into your foyer. What else does this building offer? It boasts the best of the best in ultra-luxury living, both for the building as a whole and for each private condo unit.

Private Fort Lauderdale

Building Amenities

Just by looking at the building from the outside, you can tell that it’s designed with class and culture in mind. With sweeping curves, large windows, and modern, clean lines, Privage is a beautiful sight to see. The grand lobby is stunning and spacious. The fitness center is fully stocked with state-of-the-art equipment, and there’s a media and screening area, as well.

The concierge and valet are on duty to see to all of your needs and wants, whether you’re on your way home or heading out for the day or night. The pool, indoor and outdoor bar, and outdoor grilling area allow residents to mingle as much as they like in a truly communal setting. Meanwhile, intimate lounges and cabanas are also available, if you’d like to get some time alone while you’re lounging by the pool.

Everything you could want in a residence is right there for you. Feeling stressed? Privage has men’s and women’s spas and saunas, complete with lockers and showers, so that you don’t have to go all the way back up to your condo if you’d like to get freshened up and change before you leave.

Privage condo also offers private garages and stations to charge electric cars. The building is pet-friendly, as well, so you don’t have to choose between your dream home and a member of the family.

Unit Features

The residences of Privage have flow-through floor plans, allowing you both sunset and sunrise views. Each floor plan has at least two outdoor terraces, giving different views of the beautiful surrounding areas. You can choose between two and three bedroom units, each with his and hers bathrooms, large walk-in closets, and morning kitchens in the master bedrooms.

Your residence will be outfitted with smart technology, and every unit is wired for security. Wet bars are installed for outdoor entertaining. You can choose from three deluxe kitchen designs, and every residence comes with a deluxe coffee and espresso maker, in addition to all of its other luxury amenities.

Privilege’s place is at Privage, at 325 North Birch Road, in Fort Lauderdale. If you’re ready to truly live in the lap of luxury, it’s time to reserve a unit at Privage today – call (305) 336-0457.

Say Goodbye to HoJo and Hello to Luxury Condos

By Sunny Isles Real Estate Expert on June 12th, 2014

Fort Lauderdale condo

Luxury condos are taking the place of the old Fort Lauderdale Beach Howard Johnson’s hotel. The old economy hotel and restaurant was razed in late February to make room for a new condo tower by Paramount developers Nitin Motwani, Daniel Kodsi, and Art Falcone.

The Howard Johnson’s hotel, located at 700 State Road A1A was severely damaged almost a decade ago by Hurricane Wilma. Since then, it’s been an eyesore to the Fort Lauderdale community. The razing of the hotel and construction of the new Paramount Fort Lauderdale Beach project are very welcome events, as the whole area looks to benefit from rebounding and rising property values. A company managed by Nitin Motwani purchased the Howard Johnson’s property for $20 million. The group has now started construction on a tower that will house 95 units, with prices starting at $1 million.

The Paramount Fort Lauderdale Beach property will be 18 stories tall. The developers have set construction to start in the third quarter of this year, and it should be completed in just two years, by the winter of 2016. Condo units are now for sale and can be purchased easily by those looking for a luxury home, near enough to all of the nightlife and culture of Miami, but far enough away to be a bit quieter and more relaxed.

Developing for the Future

The developers are only requiring that homebuyers put down 30 percent of the value of their purchase, and they’re breaking that down into three increments. Buyers will put down 10 percent to reserve themselves a condo. Then they’ll put down 10 percent when they go under contract for the unit, and, finally, they’ll put down another 10 percent at the time of groundbreaking.

Thanks to good luck, a stabilizing economy, and equity financing (which we all know is getting harder to come by these days), potential homeowners for the property can save on their down payments, and breaking those payments up into thirds makes them a lot easier on buyers’ wallets. It’s always easier to spend $100,000 than it is to spend $300,000 or $400,000.

With improvements like this economy hotel getting razed to make room for luxury condominiums, property values in the Fort Lauderdale area can only increase. That’s good news for current homeowners and everyone purchasing real estate in the area right now. These investments are sure to pay off in the long run.

Click here to view all Fort Lauderdale homes for sale

L’Hermitage Condo Fort Lauderdale

By Sunny Isles Real Estate Expert on February 4th, 2014

1500 Ocean Drive Miami Beach

L’Hermitage Condo is situated directly in Fort Lauderdale on Oakland Park Blvd and the ocean. This development offers luxury spacious condo properties. Perfect for those who love the sun, warm climate and the ocean, L’Hermitage Condo offers privacy, security and wonderful grounds to enjoy activities such as clay courts tennis, 4 swimming pools, kids grounds, cafe and state-of-the-art landscaping.

The Property

L’Hermitage Condo has a contemporary feel to it, with luxury in every regard. This is a gated community, offering a very private place to live. Pets are welcome at L’Hermitage Condo. Take your dog for a walk and you can enjoy the walk along the ocean in a private single family oriented area. There are also private roads and plenty of security provided for residents.

The units include luxuries such as marble floors, high-end finishes and more. The kitchens are provided with top-of-the-line appliances. There is a clothes washer located in the units and a dryer, as well.

All of these make L’Hermitage Condo a great place to call your own. Prices generally range into the six-figure end of the scale and beyond, making this a genuinely luxury property. The square footage of the condominium units gets above 4500 feet at the highest end. The condominium units come in many different configurations, all away up to five bedroom units that are ideal for people who have families.

Getting In

Watching the listings and see when they become available is imperative for condominium developments like these. Fort Lauderdale has been enjoying brisk real estate sales recently and the market has largely recovered. With so much demand on the market, it’s likely that anything that becomes available at luxury development such as L’Hermitage Condo is not likely to stay available for long, so you’ll want to be working with a realtor who knows when to jump on a good deal and who knows how to negotiate so that you get the best price possible. L’Hermitage Condo is only one of the excellent properties available in the area that offer waterfront access and plenty of amenities.

For more information or to see available units for sale please visit:

L’Hermitage Tower I –
L’Hermitage Tower II –

Why Do Celebrities Come to Miami?

By Sunny Isles Real Estate Expert on July 29th, 2013

Miami celebrities homes for sale

Miami Beach Luxury Estates

Miami has a reputation for attracting celebrities. Particularly areas offering luxurious homes for sale in Miami Beach, luxury waterfront homes in Fort Lauderdale and most beautiful Coral Gables estates, which have many of the qualities that celebrities look for in housing. Aside from large price tags and luxurious estates, there are some aspects of housing in this area of the nation that make it particularly amenable to the needs of celebrities and other individuals who have high profiles for other reasons, such as government officials.


Many areas in and around Miami have gated communities or, at least, security that is available to help maintain the privacy of residents. For many people who have a high profile, this is an absolute necessity. As just one example, Fisher Island residences is one of the most expensive places to live in the United States. Some of the people who live there live there because they are wealthy enough to afford such luxury, but other people live there because the island is entirely private. People who are very well known can go about their lives normally without worrying about being recognized, hassled or having to deal with any of the other drawbacks that do come along with being publicly known.

Exclusive Areas

In addition to having a very vibrant and diverse culture, Miami does have some very exclusive areas of town. Areas such as Bal Harbour real estate, of course, open to anyone and everyone who wants to come down and enjoy some of the most upscale shopping in the world, but there are many well-known people in that area most of the time and, because of that, people who do have a high profile can enjoy going out and about and not standing out among the crowd. This is one of the more attractive elements of living in the Miami area, given that it doesn’t necessarily mean having to live in a gated community all the time.


Of course, if you happen to be living well, it doesn’t make much sense to not enjoy it. Miami has some of the best nightlife in the world. Take the distinctive music of the city, the characteristic colorful lighting and the very active and energetic streets and you have the recipe for an incredibly gratifying night out on the town. Whether you want to go somewhere casual and enjoy some dancing or go to some of the most exclusive establishments in the country, you can do it in Miami.

Miami real estate

has a lot to offer for people who are easily recognizable in public and who want to simply live a good life and not have to worry about being singled out constantly. Of course, many people of means do want to invest their money and, because the Miami real estate market has been picking up remarkably well in recent years, more people are moving here all the time. For privacy, upscale living and the ability to choose between many different types of luxury homes, Miami is very difficult to beat. These are only some of the many reasons that so many famous people are attracted to the city.

Single-Family Homes in Broward Jump 16 Percent in Prices

By Sunny Isles Real Estate Expert on January 2nd, 2013

Fort Lauderdale real estate For Sale

Fort Lauderdale Homes For Sale

The news for Fort Lauderdale real estate

has been very good lately, as well as for the entire Broward County. According to recent reports, the median price of existing single-family homes in Broward County improved in October of 2012, compared to their performance in October of 2011.

The median price of a home was $211,000. This marks a 15.9 percent increase in the median price compared to October of 2011. A similar jump in price was reported for townhouse condominium properties, with those properties rising 14.6 percent during the same timeframe.

The performance of single-family homes in Fort Lauderdale has been bolstered by the movements of the market in general.

The Inventory

These price gains are supported by the fact that the single-family home inventory declined in Broward County over the last year. In October of 2011, there were nearly 50 percent more homes available than there were in October of this year. In fact, the inventory fell 49.1 percent during that timeframe, with 4806 units in total being available in October of 2012. This has some important implications for the market, particularly for those who are considering selling a home, though it is also good news for those who are interested in purchasing a property in Broward County.

The Real Estate Market

Declining inventory and increasing prices mean that the market is likely to be more amicable towards sellers in the near future. As the performance of real estate in Florida has started to recover, the buyer’s market has leveled out a bit, making selling a home a more attractive proposition for people in general.

Declining inventory demonstrates that homes in Broward County are most certainly in demand, which means that sellers may have a bit more leverage when trying to negotiate a good selling price for their property. The assistance of a qualified realtor is imperative in these market conditions, as it is possible to end up with a bad deal, whether you are a buyer or a seller.

How Expert Realtors Can Help

With home values on the rise, it’s easy for sellers to become unrealistic about what constitutes a good price on their home. While the market is improving all-around, there is always the possibility that sellers will get a bit too taken with the performance of the market and will assume that they can start asking unrealistic prices for the properties. Even though the median home value may be going up, that doesn’t mean that buyers are in a position where they have to take any sort of a deal offered.

Realtors have excellent information about the market, inventory and all of the other factors that play into pricing a property. If you are considering selling your home or if you’re interested in purchasing a house in Broward County, contacting a qualified Fort Lauderdale real estate agent to give you assistance will ensure that you get the best possible deal, no matter which side of the transaction you happen to be on. With the real estate market improving, there’s never been a better time to investigate your options, whether you are a buyer or a seller.

Condo Prices Go Up in Miami and Florida

By Sunny Isles Real Estate Expert on December 1st, 2012

Miami real estate for sale

Miami Condos For Sale

The news was good all around for property prices and sales in Florida in October of 2012. According to data compiled by and a report released by Florida Realtors, the number of sales of condominiums and townhouses, as well as the number of single-family homes, rose in October of 2012 compared to the same month in 2011. Not only that, the average price climbed in all of those categories, showing performance that had the chief economist for Florida Realtors saying that everything that should be going up is going up and everything that should be coming down is coming down.

The Miami Real Estate Report

For townhouses and condominiums, there were a total of 8,252 units sold in October of 2012. Compared to the same period in 2011, that marks a 16.4 percent increase in sales. There was also good news in terms of pricing. In 2011, the average price for a townhouse or condominium property was 20.2 percent less than it was this year. For those who are considering selling a townhome or condominium, this obviously bodes very well for the amount of money that they will get in the transaction.

Miami Homes For Sale

Single-family homes also performed very well compared to how they performed in 2011. In October of 2012, the median price for a single-family home was $145,000. According to the report, this marks a nine percent increase over the median price in 2011. At the same time, existing single-family homes saw an impressive jump in sales. In October of 2012, there were 17,779 closed sales of such homes. This marks a 25.3 percent increase over the market in October of 2011. Pending sales of single-family homes rose even more significantly. According to the Florida Realtors numbers, there were 56.7 percent more homes that were part of a pending sale in October of 2012 than there were in October of 2011.

Understanding the Numbers

While recovery may not have come to the Florida real estate market quite as quickly as many people would’ve preferred, it has certainly arrived. The increases in sales and pending sales – along with the overall increases in the price of properties – have been slow but steady over recent years. For people looking to sell a property, this means that the once very skewed buyer’s market has leveled out a bit, making it easier to get a good price on an existing property, due to increased demand and the higher prices that come with it.

Because the increase in sales and price has been observed in both single-family homes and townhouses and condominiums, the recovery seems to be rather broad-based. For those looking to purchase a property in Florida, it would seem like a good investment, as property prices have been more or less steadily increasing lately. For those who want to sell off a condominium property, a townhouse property or a single-family home, the fact that sales are happening at the brisker pace comes as very good news, as well, and means that, with the assistance of a good Miami realtor, making a good deal should be entirely feasible.

Sunny Isle Beach New Constructions

By Sunny Isles Real Estate Expert on July 21st, 2012

Sunny Isles Condos For Sale

New Construction Condos in Sunny Isles Beach Miami Florida

There may have been a time when the housing market throughout the United States has struggled, but that time is over. Now, South Florida is seeing a rise in homes and home construction that is sure to appeal to any buyer interested in the area. Just take a moment to look at Sunny Isle Beach real estate. This greatly sought after area, ideally located on the Atlantic ocean in the North Miami Beach, has quickly become the most desirable area to live in. In fact, according to Forbes magazine, Sunny Isles Beach falls into the top three cities in the world to live in. With its close proximity to the city and its perfect location along the beach, this is a residential area with lots of shops, supermarkets and activities, which makes it the area to move to. Nestled on a strip of beach between the upper scale areas of Golden Beach and Bal Harbour, Sunny Isle Beach is certainly a hot spot.

Nine New Condominiums In Sunny Isles Beach

The best way to see just how hot Sunny Isle Beach is would be to look toward the future. Not just one or two condominiums will soon be built. In fact, nine new condominiums will go up in the near future. Are you looking for luxury living right on the ocean? Then consider one of these luxury condominiums that will soon grace the sandy waters of Sunny Isle Beach:

Porsche Tower
Mansions at Acqualina
400 Sunny Isles
Chateau Beach Residences
• Three new St. Tropez Towers

The Life of Luxury

Anyone knows that condominiums on the beaches of Miami offer the life of luxury. Why not choose to live in a location that is brand new? These new condominiums are sure to offer the very best security from top of the line security and technology to pampering options like spas and saunas.

Sunny Isle Beach itself offers plenty of luxury as well. For the most part, this area has not been discovered like other areas of the coastline. For that reason, the area offers more parks than any other community in the Miami area. This means you will be able to offer a more private life of luxury. You will be able to get away from the busy life of Miami so that you can enjoy beautiful beaches and plenty of open space. Then, when you want, you will just be minutes away from the main areas of Miami. It is like having the best of both worlds!

Choosing South Florida

There are many reasons to choose South Florida for a condominium. This area offers plenty of sunshine and golden beaches. In addition, there is plenty to see and do. The Miami area is the center of activity for Sunny South Florida making it a sought after place to live. Sunny Isle Beach is certainly gaining attention as the best location in the South Florida and Miami area.

Are you ready to choose a top of the line condo with plenty of private beaches? This is just what you can gain from Sunny Isle Beach. There are plans for not one or two condominiums but actually nine different condos that will offer the true life of luxury in the world renown city of Miami. Come home to the sun and sand.

The Miami 2012 Luxury Market Analysis

By Sunny Isles Real Estate Expert on June 15th, 2012

Miami Condos For Sale

South Beach Condos For Sale

The luxury market in South Florida is exploding, with record-breaking residential listings as high as $125 million for the recently-listed former Versace mansion. But with prices that look like those of 2006, some are warning that Miami’s high-end market might be forming another bubble, CNBC reported. It is the type of speculative, largely foreign buyer in South Florida that worries experts. If Europe’s economy collapses, or if global markets fall back into a recession or even slow, the market for Miami’s pricey real estate could collapse overnight. “This is flight to safety for these buyers, an investment decision,” said Jonathan Miller of Miller Samuel Real Estate Appraisers and Consultants. “The question is, how long and how far will it go? Does this create a bubble at the very high end in these specific markets?”

In the meantime, the new condo transactions at the St. Regis Bal Harbour Resort & Residences as well as Mansions at Acqualina are off to a great start. About 170 units have been closed at St. Regis Bal Harbour Resort & Residences totaling more than $623 million in the first seven month of sales! In addition, deposits for about 80 units were collected at Mansions at Acqualina in the first 5 weeks of the sales center being open.

Buyers are purchasing these super-luxury, ultra-exclusive properties at an average $1,500 sq.ft. and paying on average between $1,2M to $13.5M dollars. This is a sure sign of Miami real estate exploding once again with prices breaking all previous records. The properties are up by 20 percent just this year, which even breaks the peak of 2006 year.
“Miami is hot and it’s not just the weather!” said Jack Levin, chairman of the Miami Association of Realtors.

Consider the stats: The lion’s share of Miami’s high-end real estate is now bought by foreigners. In 2010, according to the National Association of Realtors, Florida accounted for more than a quarter of the $82 billion in sales to international buyers.

The average price paid by those buyers was $400,000, against an overall U.S. average of $212,000. Sixty-two percent of international purchases were all cash, a percentage that has been increasing since 2007.

Real-estate economists and brokers say most of the foreigner investors are rich families from Brazil, Argentina, Venezuela and Russia. These families are growing increasingly nervous about threats to their wealth from economies and governments back home and are looking for a safe place to store their cash.

Miami is an ideal location, offering all the safety of the United States with the fun and mildly exotic feel of southern Florida.

In other words, Miami’s boom is not a broad-based market recovery driven by local families needing a home. It’s being fueled by a tiny top slice of super-rich overseas buyer looking for the latest hot investment.

As of the end first quarter in 2012, buyers had purchased nearly 45,000 condos in Miami, Fort Lauderdale and Palm Beach areas. They’ve spent over $22 billion dollars. Currently the developers are proposing at least 32 new condo projects with nearly 6,300 units in each of the tri counties Miami-Date, Broward and Palm Beach.

As of June 2012, nearly 1,300 luxury condos priced at $1 million or more are available for resale in the South Florida market where buyers are purchasing an average of about 75 units monthly between January and May of this year, according to the data.