Billionaire Teddy Sagi to Buy Miami Beach Teardown for $24M therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
In a city where the demand for water access and private boat slips is greater than the supply, condo developers are clamoring to provide boat slips — and other marina services — at their projects in a bid to appeal to potential buyers of their multi-million dollar apartments.
Miami Beach hasn’t earned its moniker “The Magic City” without good reason. Its property market is the world’s fifth most important, Miami Beach attracts diverse property buyers, many in the UHNW category. While an active, healthy lifestyle is a prime consideration, financial advantages make Miami Beach a lodestone for investor funds.