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Miami 8th Luxury Market Worldwide

Miami ranks 8th luxury real estate market worldwide

 

The mansion at 3 Indian Creek Drive sold for $47 million in August and contributed to Miami being a top luxury real estate market.

Staff South Florida Business Journal

Miami’s luxury real estate market has blasted to the No. 8 spot among the top global locations, according a Christie’s International Real Estate report.

The Miami Herald reports that Miami had a high percentage of cash buyers, foreign buyers and second-home buyers that contributed to its inclusion on the list.

A 22,000-square-foot mansion in Indian Creek is the most expensive home to sell in Miami at $47 million.

Click through the slideshow included with this post for images of the mansion at 3 Indian Creek Drive.

Other cities included as top luxury real estate markets were Dallas, London, Hong Kong, San Francisco and New York.

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