SoFi Residential & Commercial Sales Soar!

January 27, 2015 - A prime piece of South of Fifth retail space, 500 South Pointe Drive, located just north of South Pointe Park and west of the Continuum, sold January 15 to 500 South Pointe Investments, a Montreal-based company, for $18 million, says The Real Deal. With Shops at Portofino tenants TD Bank, Danny Jelaca Salon and Dolce Vita Gelato Cafe, the 30,000-square-foot building was purchased by the seller, Development Group of South Florida, in 2006 for $7.8 million.

With sales like this doubling investment returns, SoFi is the crown of South Beach. Its proximity to the ocean, South Pointe Park, plus quick access via the Miami Beach Marina and MacArthur Causeway ensure its appeal to the uber class. Available inventory of South Beach condos for sale with drive-in drive-out, high-security, amenity-rich luxury condominiums is also key.

Case in Case in point: Shelley Frost Rubin and Donald Rubin, founders of the Rubin Museum of Art in New York City recently bought a 2,985-square-foot Continuum South unit for $9.6 million. The $3,216-per-square-foot sale was a record price for the South of Fifth neighborhood for a condo that's neither a penthouse nor a duplex. The three-bedroom, three-and-a-half bathroom condo features two large terraces with magnificent views of the ocean and downtown. The unit was completely gutted and renovated, with a top-of-the-line open kitchen, custom lighting and marble floors.

You could live here. See Streamline for a one-on-one consultation - 305.532.7568. Let us find you a new home.