The most expensive home in Miami is owned by NBA basketball superstar, LeBron James. It was originally purchased in December of 2010 for $9 million. It is located in Coconut Grove and boasts 12 bedrooms, 12.
5 bathrooms, 3 luxury guest houses and a fitness center. The sprawling three-story mansion, which sits on an equally sprawling 8-acre lot, also includes a professional-grade basketball court, an outdoor swimming pool, a boat dock and its own private beach.
There is also a large two-story guest house, two separate two-story guest houses and a detached two-bedroom villa. The house boasts 12 master suites, an expansive gourmet kitchen equipped with top-of-the-line appliances, a climate-controlled wine cellar and a game room featuring a full-size basketball court.
The entire home is decorated with luxury finishes, custom designs, and award-winning furnishing. Reportedly, the home is worth over $30 million and continues to increase in value.
Where is billionaires row in Florida?
Billionaires Row in Florida is a stretch of Florida’s east coast in the cities of Miami, Fort Lauderdale, and West Palm Beach in Miami-Dade, Broward, and Palm Beach counties. Billionaires Row refers to the southernmost tip of the Florida’s east coast, bordered by Biscayne Bay on the west, Intracoastal Waterway on the north, and the Atlantic Ocean on the east.
This area is also known as the Gold Coast and is one of the most luxurious and desirable places to live along the Florida coastline. This area is home to some of the wealthiest people, with ultra-luxury high-rise condominiums, private islands, massive yachts, and extravagant estates lining the coastal waters.
Among its most prominent residents, some of the billionaires and millionaires living here include the automotive magnate Edra Blixseth, pharmaceuticals magnate Phillip Frost, and entertainment mogul David Geffen.
How much is Trump’s mansion in Florida?
Donald Trump’s Mar-a-Lago estate in Palm Beach, Florida is reported to be worth around $160 million. The resort is comprised of 17 major buildings on its 20-acre property, including a 126-room main house.
It features a 29-bedroom mansion, multiple guest houses, a pool, cabanas, a spa, a restaurant, a bowling alley, and a theater. Trump originally bought the estate for around $10 million in 1985 and has since updated and expanded the property, investing an estimated $200 million in the renovations.
Trump has owned the estate since taking over from the original Marjorie Merriweather Post who built the over-the-top estate in 1927.
Where do the rich people live in Miami?
The Miami area is particularly attractive to wealthy people, due to its thriving economy, warm climate, and abundance of cultural, recreational, and dining options. Many of Miami’s most affluent neighborhoods are situated along its beautiful coastline, such as the posh Bal Harbour, Key Biscayne, Fisher Island, and Miami Beach.
These areas have some of the most luxurious and expensive real estate in the area, full of large estates and sprawling beachfront condominiums. Other affluent areas of the city include Coconut Grove, Coral Gables, and downtown Miami, which has seen an influx of high-end shops, condominiums, and entertainment venues.
For those looking for luxury living away from the bustle, many of Miami’s wealthy have sprawling estates in some of Miami-Dade County’s more rural areas, including Pinecrest, Kendall, and Palmetto Bay.
What’s the richest part of Miami?
The richest part of Miami is undoubtedly the city’s exclusive waterfront neighborhoods, such as Maiami-Dade County’s Key Biscayne and Fisher Island. Located along the southeastern tip of the Florida peninsula, these affluent communities offer some of the most expensive real estate in the entire country.
According to Forbes, Key Biscayne is currently the third most exclusive zip code in the United States, with an average home value of more than $4 million dollars.
These communities are popular with wealthy retirees and vacationers, and are home to some of Miami’s most beautiful and exclusive homes, many of which have private beachfront access. In addition, their close proximity to the downtown Miami area, Miami Beach, and South Beach provide easy access to all of the city’s attractions and amenities.
Fisher Island, in particular, is known as one of the most exclusive possessions in the country and is wholly owned by its inhabitants. Featuring several costly homes and condominiums, the island includes some of the most sought-after properties in the world, including a number of luxurious resorts and villas.
For those wanting the best of the best, Miami’s wealthy neighborhoods provide a healthy mix of luxury living, stunning views, and unbeatable amenities – all within close proximity to some of Florida’s finest attractions.
Where in Miami do celebrities live?
Many celebrities have homes throughout the Miami metro area. Popular neighborhoods where celebrities have made their home include South Beach, Key Biscayne, Downtown Miami, and Coconut Grove. South Beach is a popular choice as it has a vibrant and diverse culture, as well as easy access to the beach.
Key Biscayne is well known for being a luxurious area and is home to a number of celebrities, including Gloria Estefan and Enrique Iglesias. Downtown Miami also features some of the city’s most iconic architecture and is home to celebrities such as Jennifer Lopez and Sean Combs.
Coconut Grove is a beautiful and relaxed area with a village-esque atmosphere, and is home to celebrities like Will Smith and Janet Jackson.
What is the area of Miami to live in?
Miami is an area with many different communities and neighborhoods, each offering a unique living experience. Whether you’re searching for a vibrant, cosmopolitan city life, or a more laid-back beachside paradise, Miami is sure to have something to offer.
Depending on your lifestyle and budget, here are some of the best neighborhoods to consider when looking to call this dynamic city home:
Downtown Miami: This is the heart of the city and where you’ll find some of the most popular attractions and landmarks. As Miami’s premier financial and business center, you’ll also discover an array of shops, restaurants, and luxury condos and apartments with breathtaking views of Biscayne Bay.
Coral Gables: For those looking for a peaceful, residential lifestyle, a popular option is Coral Gables. This area is known for its Mediterranean-style homes, tree-lined streets, and countless boutique stores, restaurants, and galleries.
Coconut Grove: This unique enclave has been described as a “tropical paradise” due to its lush landscaping, parks, canals, marinas, and shops and restaurants. From quaint cottages to luxurious waterfront mansions, Coconut Grove houses some of the area’s most desirable real estate.
South Beach: This neighborhood is the most popular beach area of Miami and has become iconic for its beautiful Art Deco architecture, stunning ocean views, and lively nightlife. South Beach is also home to countless restaurants, bars, museums, and luxury hotels and condos.
Midtown, Wynwood, and the Design District: Trendy and up-and-coming, Midtown, Wynwood, and the Design District have become ideal locations for young professionals and artists who are drawn to the vibrant, colorful artwork and bustling nightlife.
These areas blend old-world Miami charm with a modern, edgy feel.
No matter where you decide to call home in Miami, there are endless possibilities for leisure and entertainment. Whether you’re drawn to the urban downtown skyline, or the picturesque beaches and boardwalks of South Beach, Miami is the perfect setting for any lifestyle.
Do billionaires live in Miami?
Yes, there are many billionaires who live in Miami, Florida. The city is known for its high-end lifestyles and luxury living, making it an attractive destination for people with a lot of money. Many members of the Forbes list of the world’s richest people have homes in Miami, including Carlos Slim, Bill Gates, and the Koch Brothers.
Miami has some of the most expensive real estate in the country, and billionaires can be found enjoying the sunny skies and oceanfront views from the city’s many luxury hotels and condominium buildings.
While many of the wealthiest people in the world opt for private islands nearby or travel throughout the world, there’s definitely been a surge of billionaires moving to or at least visiting the city for some much-needed R&R.
Are houses in Miami expensive?
Yes, houses in Miami can be quite expensive. The median home value in Miami is estimated to be about $339,000, which is approximately 30% higher than the overall median home value in the United States.
Factors like housing supply and demand in the area, location desirability, and accessibility to transportation and other urban amenities drive these house prices. Additionally, Miami is a popular tourist destination and is home to many wealthy people who are looking to purchase high-end real estate.
The average cost of a luxury house in Miami is estimated to be more than $2 million. On the other hand, it is still possible to find houses in less-desirable areas of Miami for significantly lower prices.
Is mansion a house?
Yes, a mansion is a type of house. It usually refers to a large and opulent residence, typically on large grounds with many luxurious and impressive features such as multiple bedrooms and bathrooms, expansive living quarters, high ceilings, extravagant furnishings, an impressive entryway, multiple staircases, and much more.
These homes tend to be owned by the wealthy and an expansive property and feature multiple landscaped areas, private gardens, garages, and outbuildings, with many even coming with their own private waterfronts, golf courses, and other outdoor amenities.
How many bedrooms are in a mansion?
The number of bedrooms in a mansion can vary widely depending on the size and design of the structure. Usually, mansions feature five to seven bedrooms, but there can be more or less depending on the preferences of the person or family who owns it.
Some mansions have close to ten bedrooms, while others may only have three or four. The size of the mansion can determine the number of bedrooms, as well as the number of bathrooms, hallways, living rooms and other common areas.
If the mansion is exceptionally large, then the owners may opt to add additional bedrooms, although they may not all be used on a regular basis. Ultimately, there is no set number of bedrooms that make up a mansion as it is based on individual preferences.
What is a mini mansion called?
A mini-mansion is sometimes referred to as a “McMansion”, although this term has become dated and increasingly negative in connotation, as it suggests a large, ostentatious home with little architectural merit.
This type of house is defined by its grand size for its lot and architectural features, typically designed to emulate luxury and wealth. More recent versions of mini-mansions also feature a more modern, contemporary aesthetic, making them more visually appealing than the traditional McMansion.
Depending on the area, a mini-mansion could have as many as 3,000 – 8,000 square feet of living space on a lot that is at least 1 acre in size. This type of house will usually have prominent features and amenities, such as multiple stories, vaulted ceilings, large kitchens, 2-3 car garages, multiple bathrooms, and a large entertainment space.
Some may even include features such as his and hers bathrooms, home offices, or movie theaters.
Its size may vary, but a mini-mansion is essentially a smaller, more financially accessible home for those who are looking for a large living space and luxury features at a lower cost. They typically bring all the amenities and feel of a luxurious mansion in a more compact space.