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On Palm Island in Miami Beach, the three houses each have about 100 feet of water frontage

Neighbors in Miami Beach List Their Homes for a Total of $150 Million

In a remarkable display of wealth and luxury, neighbors on Palm Island in Miami Beach, Florida, have come together to list their three waterfront homes for a combined total of $150 million. The properties, each with 100 feet of water frontage, are situated on a man-made island connected to South Beach via a causeway. These Mediterranean-style houses are now being sold as a package deal, offering a unique opportunity for a wealthy buyer to secure a prime piece of Miami Beach real estate.

Why This Package Deal is an Unprecedented Opportunity

Jorge Luis Garcia, former owner of a medical business in Orlando, and his neighbors, Juan Miguel Almeida and Adria Adrian Almeida, recognized the potential in their properties and decided to list them together. The three homes, built between 2008 and 2016, each boast a pool, a dock, and a four-car garage. Together, they sit on roughly 2 acres of land and offer a total of 300 linear feet facing downtown Miami.

With recent mega-real estate deals and high-profile home purchases by some of the country’s richest people, including Citadel chief executive Ken Griffin and Amazon founder Jeff Bezos, the Miami Beach luxury market has been thriving. In fact, the median sale price for a luxury single-family home in Miami Beach reached $19.825 million during the third quarter, up 42.4% from the previous year, according to real estate appraisal firm Miller Samuel.

What to Expect from the Properties

The Almeidas’ home measures about 11,350 square feet with six bedrooms, while Garcia’s home is approximately 12,400 square feet with seven bedrooms. The third property, which Garcia purchased as an investment, spans 11,650 square feet with eight bedrooms. The houses are being sold furnished, and Garcia has made minor improvements to his properties, such as new pool tiles, landscaping, and outdoor lighting.

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If you’re interested in exploring real estate opportunities in Miami Beach, Jessica Fulk can help you find the perfect property to suit your needs. With extensive knowledge of the luxury real estate markets in various neighborhoods, including Palm Island, Jessica can guide you through the investment process with ease.

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Orginal article: Link To Article – provided by Kansas City Realtors