Real estate market overview for Bal Harbour real estate.
Inventory in Bal Harbour continues to decrease with a steady pace. St. Regis at Bal Harbour condo established a record of sale of 25 million. An Italian buyer bought 5 ocean units together and is planning to make a mansion on the ocean, combining these units together. Before that, we only saw those kind of sales in South Beach condos.
These sales will create the largest estate in Bal Harbour. Our experts recommend also to have a very close look to 2 penthouses at Bal Harbour Palace, where 2 combined penthouses create close to 7,900 sq. ft. of A/C space plus and open 2,000 sq. ft. of balconies.
We also noticed a substantial drop in asking price from 29 to 22 million in Villa Magnolia, located at 182 Bal Bay Drive. The seller failed to find his buyer and decided to be more realistic with his pricing.
For more information about Bal Harbour homes for sale as well as Bal Harbour condos for sale, please visit our website at www.globalrealtypartners.com