This week the South Florida residential real estate record was set with a sale at preconstruction property, Faena House. The penthouse sold for $60 million, at $4,794 per square foot with eight bedrooms, nine baths, and a private rooftop pool. This sale shows the sustained demand for new construction in South Florida Real Estate. There are over 60 preconstruction properties in South Florida at this time in varying degrees of completion. These developments, in addition to Macken new construction homes, come during a time of constricted inventory throughout South Florida and many of these properties are selling out very quickly.
Macken Realty has specialists in the preconstruction properties in Sunny Isles Beach, Aventura, Brickell, Downtown Miami, and Miami Beach. Some of the most exciting preconstructions are nearly sold out, however there are still properties available. Many buyers have the misconception that preconstruction properties are not affordable for first time home buyers, however there are some new developments in Fort Lauderdale in addition to Mid Town and Edgewater in Miami. If you are interested in exploring the preconstruction properties in Miami and Fort Lauderdale, contact a member of Macken Realty today!
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