Miami Skyscraper Sells for Record $1.4B, Buyers Rush
Record-Breaking Sale Signals Miami's Ultra-Luxury Market Dominance A staggering $1.4 billion skyscraper transaction has shattered previous sales records in Miami. This cements the city's position as the epicenter of America's ultra-luxury real estate revolution. The record-breaking sale establishes a new benchmark for properties exceeding $10 million. This segment demonstrates remarkable resilience while other price points struggle with market volatility. Market trends reveal the ultra-luxury sector notably outperforms lower-tier segments. It experiences robust sales activity with minimal price discounting compared to conventional real estate categories. High-net-worth individuals continue flooding Miami's market. They are driven by the city's appeal as both a lifestyle destination and strategic investment hub for global investments. The transaction underscores Miami's magnetic pull for international and out-of-state buyers. These buyers seek premium waterfront...