News about properties and real estate
A 6,571-square-foot estate on Longboat Key became the fourth property in Southwest Florida this year to net more than $5 million when the sale closed Wednesday. Behind closed gates, the mega estate sits on an acre of the sandy island, overlooking the Gulf of Mexico. The home comes complete with a separate three bedroom guest …
Continue reading “Beach house’s sale in top four of $1 million plus deals this year”
A waterfront estate near the tony St. Armands Circle shopping district has sold for $4.25 million, the highest-priced single-family home sale on Lido Key since 2007. The 6,123-square-foot home and 141 feet of Sarasota Bay frontage went under contract just 81 days after being placed on the market, according to brokerage Michael Saunders & Co., …
Continue reading “Bayfront Lido Key home bought for $4.25 million”
Despite a flock of investors buying up South Florida homes for rental property profit, the market ranked lower than eight other Florida regions for the best place to purchase single-family rentals.Nationwide, Palm Beach, Broward and Miami-Dade counties also failed to place in the top 20 best investment areas for rentals, according to a RealtyTrac report …
Continue reading “South Florida rental market not as hot for investors”
Dan Gilbert, the billionaire Detroit real-estate investor, has shown he likes a bargain—snapping up downtown office properties for as little as $10 a square foot. But now he is negotiating to take control of Detroit’s Greektown Casino-Hotel at a price that isn’t deeply discounted. An affiliate of Mr. Gilbert’s Rock Gaming already owns some shares …
The real estate listing shows a cozy house on a river in the Rocky Mountains. But there’s a twist: The owner of the two-bedroom bungalow is welcoming payment in an unregulated online virtual currency known as bitcoins. “I really wanted to get my hands on some bitcoins and they happen to be quite hard to …
Continue reading “Alberta man selling his $400,000 house for virtual money, rather than cash”
Orlando area’s residential real estate recovery has outperformed that of other areas within Florida for single-family sales but the area’s condo market has lagged behind. Metropolitan Orlando’s residential real estate recovery has outperformed that of other areas within Florida for single-family sales but the area’s condo market has lagged behind. The four-county metro area’s single-family …
Continue reading “Florida home prices: Orlando prices exceed Florida home prices”