With Florida’s Luxury Market Sizzling, Here Are the State’s 10 Most Expensive Homes>

As the cold weather continues in most of the nation, temperatures in Florida are sizzling—and so is the real estate market.

It’s difficult to keep up with the dizzying pace of high-dollar deals in the Sunshine State.

To recap February thus far: Only a month after landing on the market for $140 million, a brand-new Palm Beach mansion wound up selling for $122.7 million. The golf legend Greg Norman’s cool compound on Jupiter Island recently listed for $60 million and has already landed an offer. David Tepper, the owner of the Carolina Panthers, just spent $73 million on a brand-new mansion—also in Palm Beach.

Big money has migrated south, and Florida’s luxury market is off to a blistering start in 2021.

With multimillion-dollar mansions flying off the market, we wanted to take stock of what’s left at the top end of Florida real estate. And we have great news: For deep-pocketed buyers still on the sidelines, there are plenty of other opportunities to shine.

Plenty of mansions with enormous price tags are still out there. Slather on the SPF 50 and have a look at the 10 priciest places currently available in Florida.

Price: $115 million

Known as Gemini, this giant, 62,200-square-foot compound has both Atlantic Ocean and Lake Worth frontage, with 360-degree waterfront views. It’s been languishing on the market for years and was once listed for as much as $195 million back in 2016.

Built in 2002, it has plenty of space, with 33 bedrooms, 38 full bathrooms, and 14 half-bathrooms.

The main house has 12 bedrooms, each of the four cottages on the beach has two bedrooms, another house has seven, and of course there are guest and staff houses.

For fun, owners and guests can choose a bottle of wine from the wine cellar, swim in the pool, putt on the PGA standard golf area, hit some balls on the tennis court, play basketball, work out in the gym, or relax in the spa.

To relax, you can stroll through the botanical gardens, which feature 1,500 species of tropical plants.

2000 S. Ocean Blvd, Manalapan, FL
2000 S. Ocean Blvd, Manalapan, FL

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Price: $110 million

Built in 2003, this 28,399-square-foot Mediterranean mansion on Billionaires’ Row has seven bedrooms, nine bathrooms, and six half-bathrooms.

It sits on 2 acres right on the ocean, with an ivy-covered, cloistered courtyard surrounding the pool.

1341 S. Ocean Blvd, Palm Beach, FL
1341 S. Ocean Blvd, Palm Beach, FL

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Price: $95 million

If you want a bit more space, how about your own island? Known as Pumpkin Key, the 26-acre island sits in Card Sound Bay in the Florida Keys, near Key Largo.

It’s a short helicopter ride away from Miami and a brief boat ride to shore.

Right now, there’s a 5,000-square-foot, three-bedroom home on the island, which was built in 1985. It has loads of entertaining space, with an indoor-outdoor feel and a huge pool.

There are also two caretaker’s cottages and a dock master’s apartment near a 20-slip marina that can handle megayachts.

The island’s landscape is lush, and there’s room for several more homes. Tennis courts in the center of the island also serve as a helipad.

10 Cannon Pt, Key Largo, FL
10 Cannon Pt, Key Largo, FL

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Price: $84 million

Completed this year, this brand-new, 18,000-square-foot mansion also sits on Billionaires’ Row.

Inspired by the homes in Bermuda, this estate offers 175 feet of direct oceanfront. It has seven bedrooms with ocean views, as well as two kitchens and oversize living spaces.

The lower level has a wine cellar with room for 4,000 bottles, a home theater, and a fitness center. Guests can stay in the two-bedroom guesthouse.

901 N Ocean Blvd, Palm Beach, FL
901 N Ocean Blvd, Palm Beach, FL

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Price: $78.5 million

This 7,686-square-foot contemporary home is on a large lot at the tip of Palm Beach, with views of Palm Beach Inlet.

Built in 2020, the seven-bedroom home has water views of both the ocean and the inlet. Outside is an infinity pool along with tons of outdoor patio space.

Inside, luxe amenities include a theater room, a sauna, and gym—all with a modern feel.

149 E. Inlet Dr, Palm Beach, FL
149 E. Inlet Dr, Palm Beach, FL

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Price: $56 million

Never lived in, this 17,190-square-foot home was completed in 2019. The two-story contemporary residence has an abundance of natural light, with doors that open to allow for cross breezes and indoor-outdoor living.

Dubbed Lago-a-Lago, the six-bedroom house is being offered fully furnished. For aquatic aficionados, there are docks in both the front and back yard.

520 Island Dr, Palm Beach, FL
520 Island Dr, Palm Beach, FL

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Price: $49.9 million

Sitting on a V-shaped point on Biscayne Bay, this nearly 19,000-square-foot house, finished in 2018, has a dazzling modern design and views of the open ocean and downtown Miami.

Walls of glass showcase the views and allow for a seamless transition between indoors and outdoors. The highlight of the outdoor space is a gorgeous glass mosaic pool with an artistic pattern.

The eight bedrooms include a master suite with a grand entrance, a custom dressing room, and a spa bathroom.

The boat dock is 140 feet long and can accommodate a megayacht of up to 200 feet. Meanwhile, the captain of your yacht can enjoy the captain’s quarters.

41 Arvida Pkwy, Coral Gables, FL
41 Arvida Pkwy, Coral Gables, FL

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Price: $49.5 million

Nestled among the stark white modern homes on Palm Beach’s Billionaires’ Row is La Salona—a mansion built in 1928.

With its 19,434 square feet of living space on almost an acre, this Mediterranean beauty has belonged to the same owner for three decades.

The house boasts 16 bedrooms and includes a three-bedroom apartment on the first floor and another three-bedroom apartment on the second floor.

172 S. Ocean Blvd, Palm Beach, FL
172 S. Ocean Blvd, Palm Beach, FL

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Price: $48.5 million

Surrounded by 674 species of trees and plants, this 13,465-square-foot estate measures 2.38 acres.

Built in 2007, the two-story home has 245 feet of waterfront and direct access to Biscayne Bay and the Atlantic Ocean. And of course, the private dock can handle a large yacht.

Inside, the 12 bedrooms and nine full bathrooms each have unique design features. The compound also has its own chapel, wine cellar, and home theater.

8901 Arvida Ln, Coral Gables, FL
8901 Arvida Ln, Coral Gables, FL

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Price: $46.75 million

The ocean is the backyard at this 17,370-square-foot Mediterranean estate. Built in 1991, the seven-bedroom home offers a master bedroom on the main floor and plenty of living space.

The interior is ornate, with plenty of Old World charm, combined with modern conveniences.

It’s located in the exclusive Seminole Landing neighborhood, and could potentially be subdivided to allow for the development of a family compound or additional structures.

12210 Banyan Rd, North Palm Beach, FL
12210 Banyan Rd, North Palm Beach, FL

realtor.com

Source: realtor.com

A Casa for Your Cryptocurrency? 11 Homes You Can Buy With Bitcoin

Bitcoin is back! Not that it ever really left, but these days, the cryptocurrency with the ballooning value has become a tad more mainstream.

Tesla recently announced that it will soon be accepting bitcoin as payment for its electric vehicles.

And there’s no better place to park your bitcoin-bought Tesla than in front of a home that you purchased with virtual currency.

With bitcoin on the brain, we spotted 11 listings across the country that declare they’re ready to accept cryptocurrency for full or partial payment.

Of course, you might be able to purchase any home for sale with the internet-based payment system. A buyer could always inquire whether a seller is hip to the cryptocurrency. However, in the case of the listings below, you can rest assured that a digital payment will be welcome.

As a refresher, Bitcoin is an online monetary system independent of governments or banks, meaning that transactions are more direct. Each payment is documented and verified through blockchain—an online, shared database.

The upside? Transactions are more direct and can be completed in minutes or days, rather than the traditional closing period of weeks or months. A downside? Capital gains tax can apply. And, of course, with the wild oscillations of the crypto market, the currency is still a risky bet.

But if you happen to have a few coins burning a hole in your (online) wallet, here’s a look at how you could spend them. (Spoiler alert: Hope you like Florida.)

To give a sense of how much online coin you’d be parting with, we included a dollar-to-bitcoin currency conversion, calculated on Feb. 11, 2021. Prices range from the affordable to the aspirational, from cute condos to a massive Manhattan mansion. Take a look.

Price: $3,695,000, or 78.72 bitcoin
Property perks: Located atop the luxurious Trump Royale tower, this two-story, 4,300 square-foot dwelling offers panoramic views of the ocean, downtown Miami, and the Intracoastal Waterway.

The combined two-unit abode includes top-of-the-line finishes by the designer Roberto Cavalli, a German-designed kitchen, a private, pneumatic glass elevator, and oceanside and cityside terraces.

Amenities for residents include beach and pool services, restaurants, a beachside bar, gym, and tennis courts. Meanwhile, a gated entry and 24-hour security allow for peace of mind.

Sunny Isles Beach, FL
Sunny Isles Beach, FL

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Price: $29.9 million, (or for digital currency equivalent to 1.5 times the offered price in U.S. dollars) 955.52 bitcoin
Property perks: Plunk down some serious coin for this majestic Beaux Arts abode. The tallest townhouse on the block, the residence from 1904 features 12,380 square feet of interior space, plus an additional 2,500 square feet of exterior space.

The spacious, 22-foot wide structure features 13-feet-high ceilings, seven bedrooms, and 9.5 bathrooms. A solid bronze marble entrance leads to a marble reception gallery and staircase connecting the space to the upper floors.

The townhome features 12 working fireplaces, and a separate penthouse on the fifth and sixth floors.

Manhattan townhouse
Manhattan townhouse

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Price: $2.8 million or 59 bitcoin
Property perks: Located on Nob Hill, the “sensationally” remodeled four-bedroom, loftlike residence features soaring 12-foot beamed and coffered ceilings.

Luxuriate in views of the San Francisco Bay and the downtown skyline, as well as wide-open entertaining and living spaces. The master bedroom boasts a view of the iconic Transamerica Pyramid.

A renovation five years ago reimagined the 1920s-era design and updated it for a contemporary lifestyle.

San Francisco, CA
San Francisco, CA

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Price: $1,488,000 or 31.36 bitcoin
Property perks: The property brought in a whopping $160,000 worth of rental income in 2020. The listing details note that the home offers an ideal vacation escape and plenty of rental income when it’s not in use by the owners.

The three-bedroom beachfront home includes a pool and outdoor entertainment area with a picnic table, sink, and fridge—and the house comes furnished. It’s just a block from downtown St. George Island shops and restaurants.

Apparently, someone has been sold on it, since it looks as if a sale is pending, after a little more than two weeks on the market.

St. George Island, FL
St. George Island, FL

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Price: $579,000 or 12.17 bitcoin
Property perks: Enjoy the peaceful serenity of 20 acres in this home, built in 2016.

The two-story, five-bedroom abode is spread over three levels.The open-concept main level includes a living room with cathedral ceilings and a stone fireplace, a gourmet kitchen with an island, a formal dining room, and two offices.

The walkout lower level comes with a wet bar and bathroom. Along with a deck and backyard, the property includes ATV trails and flat areas for a pavilion or fire pit.

Port Crane, NY
Port Crane, NY

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Price: $898,000, or 18.80 bitcoin
Property perks: Located in the exclusive Excelsior Tower of The Americana at Brand, this two-bedroom condo is perched above shops and restaurants.

With 1,335 square feet, the layout includes a designer kitchen with high-end appliances, Caesarstone countertops, and a custom tile backsplash.

The living and dining area includes hardwood flooring and glass doors that open to a private balcony. Bathrooms boast marble counters, and the bedrooms come with wool carpet. Building perks include two parking spots, concierge service, and a takeout and grocery-delivery service.

Glendale, CA
Glendale, CA

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Price: $335,000, or 7 bitcoin
Property perks: This completely remodeled one-bedroom condo features skyline and water vistas. Take in the views from the private balcony off the living and dining area, which features an open kitchen and contemporary design.

The building offers a gym, tennis court, and parking space. Located in the Brickell neighborhood, this place is close to restaurants, shops, parks, and the beach.

Miami, FL
Miami, FL

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Price: $2,870,000, or 59.99 bitcoin
Property perks: This spacious “home in the sky” comes with private elevators and unobstructed water and city views.

The light-filled four-bedroom unit comes with tile floors, and a gourmet kitchen with stainless-steel Sub-Zero fridge and Miele appliances.

A formal dining room and living room both open to the balcony. The master bedroom has glass doors and balcony access, an en suite bathroom, and a walk-in closet. Three balconies offer plenty of choices for basking in the sun.

Miami, FL
Miami, FL

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Price: $1,119,000, or 23.42 bitcoin
Property perks: Located just outside town and about 15 minutes to Sundance, this 13-acre property includes a five-bedroom main house with room enough to add another dwelling.

The 4,705-square-foot custom home has a formal dining and living area, plus a separate, eat-in kitchen. The family room has a fireplace and easy access to the outdoors.

A master bedroom includes a sitting area plus a balcony. For folks looking to farm more than cryptocurrency, the grounds include a barn and two livestock corrals.

Wallsburg, UT
Wallsburg, UT

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Price: $608,000, or 12.73 bitcoin
Property perks: Built in 2005, this golf-course home has been “meticulously maintained.” The layout of the four-bedroom residence includes a formal dining room and redone island kitchen, with top-of-the-line appliances.

Upstairs, the oversized master suite has two walk-in closets and a balcony with golf course views. Along with front and rear porches, the property comes with an oversized, two-car garage.

The large lot has a big backyard with a fire pit and swim spa. After a price drop last month, the charming abode may have found a buyer.

Fort Myers, FL
Fort Myers, FL

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Price: $377,600, or 7.81 bitcoin
Property perks: Move right in to this fully remodeled corner-unit condo, with water views. The two-bedroom space features a wide open, state-of-the-art kitchen with new appliances and stone countertops.

The living and dining areas open to a patio, and the ceilings feature LED lighting in every room. Building amenities include two pools with daytime cabanas, tennis courts, a putting green, and a gym.

Aventura, FL
Aventura, FL

realtor.com

Source: realtor.com

Tyra Banks Snags a Picture-Perfect Malibu Beach House for $4.7M

Smize! The supermodel and real estate tycoon Tyra Banks has reportedly snapped up a Malibu beach house, according to Variety. The purchase must have her smizing, as in, “smiling with her eyes,” a term she invented.

The television personality and home flipper must have flipped for the property, splashing out $4,717,555 for the oceanfront contemporary.

The savvy businesswoman managed to chip away at the asking price, which was $5.5 million when it debuted on the market in November 2020. No doubt she’ll use the discount to budget for a home makeover of the 1980s-era abode, which is in need of refreshing.

As beach pads go, this one certainly makes waves. The four-bedroom, four-bathroom, two-story home right on the Malibu coastline offers awe-inspiring views of the Pacific.

The entrance features a soaring, two-story atrium topped with a skylight, allowing sunlight to pour in to the open floor plan. The layout features an open kitchen with dizzying gridlike tiles on every surface, and features an island and room for a breakfast table.

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Watch: Matt Damon’s $21M Pacific Palisades Home Says ‘Big Time’

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In addition, the 4,000 square feet of living space include a den, a bar, and laundry units in the kitchen, the listing notes. A mix of Mexican tile and wood floors run throughout the main level.

The kitchen adjoins a more formal dining room. Just adjacent, the sunny, sunken living room includes a fireplace with a brick surround, built-ins, and glass doors that open to the deck.

Upstairs, the master bedroom includes a fireplace, deck access, walk-in closet, and a bathroom, with more gridded tile covering the counters and even the tub surround.

Multiple decks take full advantage of the water views on all levels, including the roof. A two-car garage completes the property.

The co-host of “Dancing With the Stars” is no stranger to real estate deals. As we’ve reported in the past, Banks has multiple land holdings.

Her transactions have mostly focused on the posh Pacific Palisades area, where she owns a modern, $7 million contemporary home that she purchased in 2018.

The five-bedroom home offers views of the Pacific Ocean and the Palisades upscale shopping and dining district below. The space includes a backyard with pool, as well as balconies on every level, including a roof deck with a hot tub.

In 2019, Banks scooped up a Pacific Palisades traditional for a little over $3 million, which she had planned to transform into a modern farmhouse-style beach cottage.

However, without refurbishing the dated domicile, she recently sold it for $3.2 million, Variety reported. Perhaps her makeover efforts will now be focused on the Malibu home instead.

Banks has also held on to a swanky New York City condo that she picked up for $10.1 million in 2009, and remodeled at a cost of millions. Located in Battery Park City, the two-floor, 7,000-square foot spread is made up of four adjoining units.

Although she did test out the NYC market with a $17.5 million price tag on her place in 2017, the mansion-sized duplex has since been taken off the market.

We can see why it’s a keeper: The five-bedroom, eight-bathroom residence offers superstar amenities, including a hair salon, a gym, a 360-degree mirrored dressing room, staff quarters, and Hudson River views.

When not trading in real estate, the creator of “America’s Next Top Model” recently founded a premium ice cream brand, SMiZE Cream.

Jonathan Macht with Coldwell Banker Realty represented the seller. James Respondek with Sotheby’s International Realty represented the buyer.

Source: realtor.com

3 Big Reasons Your Home Offer Was Rejected—and How To Play It Right Next Time

For first-time home buyers, finding the perfect place to settle down is hard enough. But then to have the offer you’ve made on it rejected? You might be tempted to start reconsidering this whole homeownership thing altogether.

But hold on! Having your home offer rejected doesn’t have to mean it’s back to renting. In fact, if you play your cards right, you might just be able to turn that rejection around—or at least learn from the experience and come back a stronger candidate the next time.

The most important aspect of a rejected offer is understanding why it was rejected, and for that we turned to the experts. Here are a few common reasons your home offer might have been rejected, and a few helpful tips on what you can do about it.

3 common reasons sellers reject home offers

Home offers are rejected for myriad reasons. Here are some of the most common ones, as explained by the experts.

1. Your offer was too low

The first and most obvious reason your home offer could have been rejected is if the dollar amount didn’t meet the seller’s expectations. This might mean your offer was insultingly low, or that it was just low compared with other offers.

Often, buyers “believe the best way to start a negotiation is with an offer that’s lower than what they’re willing to pay,” says Colby Hager, owner of CapstoneHomebuyers. “This can work, but it can also backfire. When a seller is considering multiple offers, the low offer seems less serious and could indicate further negotiating headaches down the road.”

Keep in mind that sellers are looking for a good deal just as much as you are, and you should plan on working with your real estate agent to make sure the sellers at least feel like they’re getting one.

2. Your earnest money deposit was too ‘cheap’

If there’s one part of the offer you shouldn’t cheap out on, it’s the earnest money deposit. This deposit (also called an EMD or “good faith” deposit) basically signifies how interested you are in the home and that you plan on moving forward with the deal, all the way to its closing.

“Believe it or not, there are buyers who get cold feet and walk away from a transaction days before closing,” says Shannon Hall, broker and owner of Dwellings by Rudy & Hall. “The EMD should be enough to let a seller know you’re very interested, and also uncomfortable with the idea of leaving it on the table.”

Since many contracts stipulate that a seller can keep the earnest money deposit when a buyer walks at the last minute, you should feel certain about the house—and then convey this certainty by leaving a significant deposit.

Hager recommends putting down at least 1% of the purchase price to show sellers you mean business.

3. You asked for too many contingencies

Sellers don’t just want the best price for their home; they also want the easiest deal—which means no complications.

“Sellers like the least number of contingencies,” stresses Hall.

“But that’s not to say that a buyer should waive the due diligence period,” she adds. “Make it shorter, but don’t waive it. And if you need multiple contingencies, that’s fine; but look for a home that’s been on the market for at least 30 days.”

Since sellers are generally more willing to make concessions on a home they’ve been trying to sell for several weeks, this is a good approach to take if you’re a picky buyer with multiple contingencies.

“Sellers also don’t like to give away their money to help someone get into a home,” says Hall.

Make your deal an easier and more appealing one for sellers by sticking to the fewest number of contingencies possible, getting due diligence done quickly, or targeting homes that have been on the market for longer.

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Watch: 5 Things You Should Never Do When Buying a Home

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What to do if your home offer is rejected

The first step is understanding why the offer was rejected in the first place.

“If an offer was rejected, a buyer can try again, depending on the reason it was rejected,” explains Karen Parnes, broker and owner of NextHome Your Way.

“If you need a certain home sale contingency, for instance, and can’t remove it, then move on,” Parnes says. “But if you can pay more and the market warrants it, resubmit a better offer.”

How to avoid future home offer rejections

Although rejection is sometimes unavoidable, there are things you can do to increase your chances of making a successful home offer.

For instance, “a buyer should come into the market already aware that he or she will have competition,” Hall says.

In addition to putting your best foot forward, you should be sure you’re working with an agent who has the skills to close the deal.

“A good real estate agent can help by guiding the buyer on the expected norms of offers in their area,” says Hager.  “A real estate agent will also know the market and help you figure out if starting with a lower offer is advisable—or if a strong offer out of the gate will get the best results.”

One final bit of advice: Work with an agent who understands seller interests.

“The buyer’s agents who most often win the day are the ones who reach out to sellers before submitting an offer,” says Hager. “They have the best chance of not being rejected because they took the time to understand the seller’s situation.”

And if your home offer still gets dismissed, don’t be too disappointed. In a seller’s market, “buyers are bound to have their offers rejected,” says Parnes. “Homes are coming off the market quickly, and sellers’ expectations are high.”

If your offer gets rejected, work with an agent to fix it or simply move on to the next home. Then make an offer the seller can’t resist.

Source: realtor.com