News About Properties

Gosman estate goes on market

It was a day of all things Palm Beach.

There were the luxury cars — Lamborghinis, Maseratis, Ferraris, three Carrera GT Porsches, a rare Mercedes-Benz CLX DTM shipped from Germany for the event, the 1956 Silver Wraith Rolls Royce used in the 1981 movie Arthur starring Dudley Moore and a Meredes-Benz SLR McLaren — all valued at $500,000 and up.

And to top it all, there was Donald Trump personally guiding a brief tour of the former Gosman estate at 513 N. County Road, now on the market for $125 million.

Buy, Borrow, Buy

Couple uses leverage to build an empire of eight vacation properties

“There’s not that much waterfront land out there,” she says. “So I think prices are going to continue to go up.”

Bradenton Florida Mainstreet Apartments going condo

Mainstreet Apartments were sold last month to Tarragon Realty Investors for $38 million, and last week residents were informed that the community is going condo.

Though the signs still say Mainstreet, residents of the newly named 210 Watermark may soon find themselves looking for a new place to live unless they want to buy.

Westside Lofts condo files for bankruptcy
Proposed South Beach condominium Westside Lofts filed for bankruptcy in a bid to reorganize the troubled development.

The move comes amid legal battles in Miami-Dade Circuit Court between the development company and its lender and general contractor. Eastern National Bank is seeking more than $2 million for an overdue construction loan and Diez Construction $200,506 for unpaid bills, according to court filings.

Next stop: Palmetto (South Florida)

Newcomers love the city’s small-town charm, old-timers wonder what’s being lost and government tries to keep up

Sleepy Palmetto has about 5,000 homes and 14,000 residents. But the city has OK’d another 4,500 homes to go up within the next five years. Most are swank resort condos that contrast sharply with the homespun farm town that old-timers know.

Boston condo flippers may be in too deep

The Hub’s jittery condominium market faces another storm cloud: hundreds of unsold units in new condo towers that brokers and mom-and-pop investors had bought early on in hopes of flipping for quick profits.

Some have exited, as planned, with thousands in windfall profits. But others may not be so lucky amid falling sales and dropping prices in an overloaded condo market, real estate executives say.