Less than six months after a penthouse at the Setai sold for $21.5 and set a new record for the highest price ever paid in Miami-Dade for an apartment, that record has been smashed. A penthouse in South Beach's exclusive Continuum towers has been sold for $25 million according to the New York Times setting a new record. The previous owner of the apartment had bought it for just $9.9 million three years ago.
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No longer can you count on finding a sweet deal on rent in one of those quickly filling-up high rises. 24/7 WallStreet reports that rents in Miami are skyrocketing. In fact, in the past year Miami saw the third highest rise in average rent of any major metro area, and those rents rose more than twice the national average.
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Deep Throat, the pioneering 1972 porno film, was partially shot in various places throughout Miami-Dade, and now an infamous mansion that was the setting for two of the film's most infamous scenes is for sale. It can be yours for the price of $1.75 million.
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The Gordon Gekko of roundball is apparently downsizing. Slicked-back Miami Heat president and former coach Pat Riley and his wife Christine just sold their appropriately gaudy Coral Gables property.

They bought the 180 Arvida Parkway mansion, which is 13,000 square feet on a two-acre beachfront peninsula, in 1996 for $6.3 million. According to Miami Condo Investments, they turned a tidy profit by selling the property for $16.75 million. (A Miami-Dade property assessor, if you're curious, had valued the spread at $12.6 million.)

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​Looks like Star Island is losing one of its longtime celebrity residents. Comedian and talk show host Rosie O'Donnell has put her 11,000-square-foot spread on the market for a whopping $19.5 million. The real estate move comes just days after O'Donnell's talk show on Oprah's OWN network was cancelled.
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​Genting Group shocked South Florida when it bought up the Miami Herald's current bayfront property and unveiled its ostentatious plans for Resort World Miami. The proposed project looked like a futuristic, alien city, with 10 million square feet of space, two hotel towers, two condo towers, a giant convention center, a manmade river of a pool, the world's largest ballroom, and, yes, that casino.

Well, it's not going to happen. Genting has announced it's scaling back its ambitions and has gone back to the drawing board.
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Cristiano Piquet

​Cristiano Piquet has it all: fast cars, luxury boats, beautiful women, and a booming business. Since 2005, Piquet Realty has sold hundreds of millions of dollars of prime Miami condos to his fellow Brazilians. His handsome, freckled face has graced business segments on CNN and Al Jazeera. He even has his own company calendar of supermodels.

But in the past year, cracks have appeared in Piquet's perfectly painted life. His claim that he's related to one of Brazil's most famous racecar drivers is being disputed by the driver's daughter. And now a former employee is suing him for breach of contract.

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​There may be plans in the works, but Midtown Miami is still far from the reality of actually having a Walmart built. Walmart's zoning change request has been put on hold by the city planning and zoning department just a day after another major developer in the Midtown area came out against the project.
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​For years the Bal Harbour Shops have not only reigned as the premier point for designer shopping in Florida, but as one of chicest in the world. But now a new challenger is about to emerge in Miami-Dade. Developer Craig Robins is quickly making his dreams of turning the Design District into a sort of high-end anti-mall a reality, and more than 30 luxury brands are expected to set up shop in the neighborhood.
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​Apparently, Hugo Chavez is a landlord's nightmare. The controversial Venezuelan prez recently announced that he was closing his country's consulate in Miami for good. Problem is, the consulate had just agreed to a ten-year lease for its Brickell office and hasn't even bothered to pay rent for the last two months. Now Venezuela is facing a lawsuit from mega-developer Tibor Hollo.
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