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Old 10-07-2014, 11:49 AM
 
Location: Miami/NYC
1,205 posts, read 1,866,283 times
Reputation: 501

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Quote:
Originally Posted by FlyMIA View Post
Might be able to find something on a canal but wide bay home you're going to need a bit more than 3. 3.5-4 million minimum. Prices are nuts right now.
yup on a canal
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Old 10-07-2014, 07:32 PM
 
2,888 posts, read 4,229,037 times
Reputation: 1839
Quote:
Originally Posted by oronzous View Post
It is not that much of money if you are looking for a fancy place. I would say a High-rise condo, south of fifth in South Beach.

Now, if you want something really special, Lebron put is house on sale for $17MM and it is amazing. See pictures at:

51 New Listing Photos of LeBron James' $17 Million House - Celebrity Real Estate - Curbed Miami
Lebron's home is way overpriced. I would say it is worth around 8-10 million and even at that price there are better choices.

Last edited by straight shooter; 10-07-2014 at 07:57 PM..
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Old 10-08-2014, 12:12 PM
 
561 posts, read 526,732 times
Reputation: 458
Miami would be my last choice. I would invest some of that money in real estate and live sensible in a nice area. Maybe visit Miami beach for vacation, but never to live.
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Old 10-08-2014, 03:04 PM
 
Location: Heartland Florida
9,324 posts, read 22,737,405 times
Reputation: 4875
Southwest Ranches, Horse Country or Loxahatchee. Anyone buying a high rise in hurrucane country is a fool. Anyone buying in this Fed QE fueled bubble is a fool anyway. The next crash will give a nice dose of reality. Better to take that 2-3 million and invest in precious metals.
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Old 10-08-2014, 03:50 PM
 
11 posts, read 7,974 times
Reputation: 12
If I'd had that type of money I would move somewhere South of Fifth.
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Old 10-08-2014, 04:57 PM
 
1,448 posts, read 1,759,739 times
Reputation: 2289
Quote:
Originally Posted by jmumc85 View Post
If I'd had that type of money I would move somewhere South of Fifth.
Yeah, like the Cayman Islands!
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Old 10-09-2014, 10:09 AM
 
2,888 posts, read 4,229,037 times
Reputation: 1839
Most luxury condos, especially the ones in Brickell and Downtown, are for ignorant but wealthy foreign buyers. They are all going to loose their shirt big time, it is a scam designed to lure them in. Notice that most wealthy locals buy homes in Coral Gables, Pinecrest or Miami Beach, and the few that do buy luxury condos are in Aventura, Bal Harbour or Key Biscayne. Most of the locals that do in fact live in Brickell or Downtown rent and for considerably less than is they bought.
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Old 10-09-2014, 01:03 PM
 
14 posts, read 13,645 times
Reputation: 23
I should have made a thread title similar to this..
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