Rumors that Britney Spears is joining the ranks of celebs still flocking to buy star-studded real estate in Miami just goes to show, there’s no slow in the market for luxury South Florida homes.
Fueled by her "comeback concert," her divorce settlement and her new hair growth, she has placed her Malibu home for sale, and looking over properties in Miami Beach in the $30 million price range.
Latin hipmaster and pop star Shakira is selling her North Bay Road 6500-square foot manse for $6 million but opting to stay in the neighborhood she shares with P. Diddy, Lenny Kravitz, Shaquille O’Neil, Billy Joel, and Matt Damon, and willing to pay thrice the amount to do it.
This uber-priced Miami celebrity home trend can be traced back to real estate investor Todd Michael Glaser known for mammoth Miami high-rises (Ten Museum Park and Element) who flipped his 20,000-square-foot 5020 North Bay Road home (Carl Fisher Estate - the biggest on North Bay Road), for nearly $40 million, just one month after hitting the market in 2006, breaking Miami-Dade County's record for the 1999, single-family home sale of $27.5 million.
And what does nearly $40 million buy in Miami these days? Well, lots of bathrooms for sure (see Blog entry below) and: 2 two-story, one-bedroom guest villas, a carriage house, poolside cabana, coffered ceilings, 1,400 square-foot loggia with fireplace, wine cellar, expansive outdoor marble terrace, bank-size hidden safe, 2,000+ square-foot master suite with a separate 430 square-foot terrace, street-front privacy wall, 270 feet of waterfront, and a massive dock built to accommodate a 90+ foot yacht.
The prices don’t change up the coast, either.
Tiger , once an Orlando resident, moved into our nick of the Woods. He bought a $38 million, 10-acre compound on Jupiter Island in 2006.
And finally, Cher, who’s “Miami Struck” and collecting Miami properties, is selling her Key Biscayne home, but according to The Miami Herald, does not plan to move away from the Magic City and also owns a home on LaGorce Island and a vacant lot on Tahiti Beach in Coral Gables.
So, Britney, we're sure you'll find a nice new Latin boy in Miami who will treat you right, and we're happy you've moved on.
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