Screen Shot 2016-02-02 at 9.18.32 AMMy husband and I, as a team, have been buying and selling residential and commercial property as brokers and investors for over 37 years in Miami and throughout the state of Florida. We know that fear clouds basic principles of sound real estate investment; when investors realize this, they can avoid making mistakes and losing money when buying and selling properties. Purchasers and sellers of real estate also need to examine their own psychological viewpoints in order to avoid making bad real estate deals.

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miamibeachSorry, billionaires. The 12,516-square-foot penthouse at ultra-luxury condo Faena House in Miami Beach is officially off the market.

The eight-bedroom penthouse, which also features 9,900 square feet of outdoor space, closed this week for $60 million, or $4,794 per square foot, according to Faena’s representatives. That’s a new sales record for Miami residential real estate.

A triplex penthouse listed for $35 million at Turnberry Ocean Club. A mansion in Indian Creek that sold for $47 million in 2012, a then-record price for a home sale in Miami-Dade County. A view of a penthouse at the one Thousand Museum Tower listed for $49 million. A triplex penthouse listed for $35 million at Turnberry Ocean Club. A mansion in Indian Creek that sold for $47 million in 2012, a then-record price for a home sale in Miami-Dade County.

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Dezervator-e1434136122354The Dezervator, arguably one of the Porsche Design Tower’s most talked-about amenities, has been patented, proven and is almost ready for use.

Engineers recently put the finishing touches on a nine-story miniature of the final product in Chicago, and have since been putting the concept through its paces. In the video below, you can watch how the fully automated system works on a test vehicle, which is — you guessed it — a Porsche. A metallic claw slides under the vehicle, pulls it into a glass-walled elevator and lifts it to the selected floor.

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setai-A two-story townhouse at the Setai Resort & Residences in Miami Beach, totally tricked out with sound and light, has listed for $16.9 million, The Real Deal has learned.

“Air Beach House,” the 3,627-square-foot unit TH-A is the only townhouse at the Setai with a direct beachfront view, according to listing agents Beatriz Nahuz and Claudia Murad, founders of Unique Living Miami, an affiliate of The Solution Group. The price equates to $4,659 per square foot.

Owner Doug Rogers, a well known digital sound engineer who is the founder of Los Angeles-based Eastwest, spent three years creating a white jewel box that transforms with sound and light, he told TRD.

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Construction at the Jade Signature in Sunny Isles Beach is going strong. Crews recently poured the concrete slab for the tower’s ground floor, topping off a massive endeavor to create one of South Florida’s biggest underground garages.

Here’s an inside look at construction progress and what the luxury tower promises to look like when completed:

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