Given his status as one the nation’s most elite real estate experts, it’s little surprise that William Pierce regularly features in major news outlets about South Florida real estate. No one else has his experience, knowledge, and record of excellence when it comes to this dynamic and competitive market.
So when Bloomberg.com, a leading business source, wanted to do a report on Miami’s vibrant condo market, who else would they turn to other than the award-winning and renowned William Pierce?
The article highlighted the city’s unprecedented condo boom, which is being characterized by groundbreaking and ultra-luxurious developments along its prime waterfront. Much of this growth is being fueled by out-of-state and international buyers, who are increasingly using cash to acquire their properties and help fund ever-more audacious condo projects.
William has experienced this trend firsthand, having sold tens of millions of dollars worth of luxury properties. He lended his expertise on what’s driving this incredible trend:
“People started demanding large units, a lot more amenities, and price sort of went out the window,” said William P.D. Pierce, a Coldwell Banker broker based in Miami Beach.
Last year, Pierce found the buyer for a penthouse at Ian Schrager’s Residences at the Miami Beach Edition. The 16,000 square-foot triplex is under contract for $34 million, making it the Miami area’s highest-priced condo deal.
At least four units on the market are poised to surpass that benchmark. The most expensive — an unbuilt penthouse at the Mansions at Acqualina on SunnyIslesBeach — is listed at $55 million, Pierce said.
At all price levels, about 21,430 condos are proposed or under construction in Miami-Dade County, from downtown Miami to the coastal A1A route spanning Sunny Isles to South Beach, according to CraneSpotters.com, which tracks development in South Florida.
Indeed, it looks as if Miami is poised for a golden age in luxury condo living, with new and innovative residential options emerging every year. Needless to say, opportunities abound for those seeking the best quality of life imaginable. If you’re looking to make the most of this opportune market while you still can, turn to the same real estate expert trusted by industry reporters and elite homebuyers from around the world.
Contact William Pierce for the best Miami Beach Luxury Real Estate at 954-648-3131.