Art Basel Also Brings Real Estate Investors to Miami Beach

The most important art fair in the United States and a cultural and social highlight in Miami not only attracts admirers of the arts, but also an international clientele that may just buy that discounted downtown condo to hang on the wall that newly gained contemporary collector’s piece.

This week in town are Val Kilmer, Steve Wynn, Sylvester Stallone, Kelvin Klein, Mark Jacobs, John McEnroe, CEOs of Toys-r-us, Berkshire Hathaway and Bad, Bath & Beyond, and about two dozen of Forbes 400. Stallone, who also exhibits for the first time, reportedly sold one of his pieces for $40,000.00 to Casino owner Steve Wynn.

Florida existing condo sales rose 82 percent in October and Miami inventory levels have been slashed nearly in half. 5,398 condos were sold statewide in October alone.

Popular and highly sought-after condo enclaves in Miami Beach are the Continuum Towers and Apogee, further North, in Sunny Isles Beach, Jade Beach, Jade Ocean and Trump Royale are amongst the favorites.

On its highly dynamic website, Brosda & Bentley Realtors, the top-notch real estate consulting company in Miami features over 220 downtown Miami condo listings for under $350,000.

The additional 40,000 visitors to Miami this week are warmly welcomed by hotels, restaurants, car hires and real estate consultants as they further stimulate Southeast Florida’s economy.

Brosda & Bentley real estate consultants have scheduled showing appointments weeks in advance and the company projects more than $25,000,000 in sales this week alone.

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