A Top Miami Broker on the Booming Market for Ultra-Luxury Homes
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 26 July 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
We've all seen headlines about the multi-million dollar properties being sold in Miami. Right now, there's a $135 million mansion in Coconut Grove listed on Zillow, and Citadel CEO Ken Griffin has been snapping up a string of expensive properties in the city, including a $100 million waterfront estate. So what's it like to actually deal in this market? And what are the ultra-rich looking for exactly? In this episode, we speak with Dina Goldentayer, the No. 1 individual real estate agent for broker Douglas Elliman. She's been active in the Miami area for almost two decades and has seen the market for ultra-luxury homes boom alongside her career. We talk about the difference between being a realtor who sells homes for $500,000 versus one that sells homes for $5 million, and whether billionaires are really buying houses after seeing them on TikTok.
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| 1:28.0 | Tracy, do you remember our episode with Hittend Some Tani about how there's this separate world of real estate for the |
| 1:35.8 | ultra-rich and cities like Dubai in New York City in Los Angeles, Aspen, Miami that's just |
| 1:42.0 | totally disconnected from like normal real estate markets? |
| 1:45.4 | Yes, I do. |
| 1:47.1 | It was an eye-opening episode, not least because of all the discussion of the branded apartment buildings and luxury condos and things and I still I'm not |
| 1:56.7 | entirely sure I personally would want to live in a Mercedes-Benz apartment building or |
| 2:02.0 | whatever but it's definitely a thing that's been happening. |
| 2:05.3 | You wouldn't want to live on the Porsche Tower in Sunny Isles or the Armonie-Kasa Tower and Sunny Islands. |
| 2:13.6 | I'm trying to keep, I am trying to keep an open mind and I realize everyone has very different tastes, |
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