Miami home prices rose 5 percent in June, year-over-year, marking the fifth lowest increase nationwide, according to the latest S&P CoreLogic Case-Shiller Index. The newly released report, which tracks 20 major metropolitan areas in the country, shows home prices in Miami increased by just 0.4 percent from May to June. From April to May, Miami home prices increased by 0.8 percent, ranking as the 13th highest increase among the top 20 cities. Nationwide, home prices rose 5.7... [read more]

As home prices continue rising in South Florida, so does the minimum salary needed to afford a house. In Miami, the income needed to buy a median-priced home rose to nearly $72,000, according to a report from HSH.com. July marked the 68th consecutive month that single-family home prices have risen in Miami-Dade. The median price of a single-family home in Miami-Dade rose 12 percent annually in July to $335,000, according to the Miami Association of Realtors. HSH, a mortgage and... [read more]

Pro Football Hall of Famer and retired Miami Dolphins defensive end Jason Taylor has sold his two-story waterfront mansion in Weston – at a loss. A deed recorded on Aug. 14 shows that Taylor sold the home, located at 2980 Paddock Road, to Alloudin and Rubeena Bhullar for $3.2 million. The price reflects a $400,000 loss from when he purchased the home in 2006. Public business records show Alloudin Bhullar operates multiple gas station businesses, including Hialeah Mobil, Pompano... [read more]

Nusret Gökçe — aka the man behind the meme phenomenon better known as "Salt Bae” is setting his sights on Miami as the location of his first-ever U.S. restaurant. Gökçe is just weeks away from opening a branch of mini Turkish steakhouse chain, Nusr-et, in the former COYA Miami space this October at 999 Brickell Avenue. This will mark the eleventh location for Nusr-et, which has outposts in places like Turkey and... [read more]

Bitcoin investor and enthusiast Michael Komaransky just paid $7.55 million for a waterfront spec mansion in Coconut Grove, marking the most expensive home sale to close in Miami-Dade County post Hurricane Irma. Property records show the internet currency advocate bought the 9,800-square-foot, five-bedroom house at 3604 Matheson Avenue. The seller is 3604 Matheson Holdings LLC, led by Mariannie Cordovez and Rene Brillembourg. Silvia Boschetti of BH Realty was the listing agent. The... [read more]