Floyd Mayweather Lands $24 Million Miami Beach Mansion
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Floyd Mayweather Lands $24 Million Miami Beach Mansion

The boxer’s new waterfront digs include a private doc and large entertainment area.

By Liz Lucking
Mon, Aug 16, 2021 12:17pmGrey Clock 2 min

Retired boxing champion Floyd Mayweather Jr. has just dropped approx. $24.4 million on a knock-out new waterfront estate in Miami Beach

The contemporary three-story spread is set on the city’s upscale and guard-gated Palm Island, an enclave where the typical asking price for a home stood at approx. $28.5 million in July, a whopping 200% increase from the same time in 2020, according to data from realtor.com.

Mr. Mayweather, 44, was crowned the highest-paid athlete of the decade by Forbes in 2019 after he brought in ​​US$915 million over a 10-year period. He made last week’s purchase through a Nevada-based limited liability company of which he’s manager, property records show. 

Spanning 1008sqm, his lavish new home boasts unobstructed views of the city skyline, passing cruise ships and the coveted city sunset, according to the listing with Dina Goldentayer and Ana Viyella of Douglas Elliman, who declined to comment on the sale.

Douglas Elliman

The nine-bedroom mansion was conceived for both indoor and outdoor enjoyment, the listing said. Fitted with neutral, sleek interiors, it has amenities including an indoor movie theatre, a gym, a game room, a large entertainment area, smart-home systems and an elevator.

There’s also a roof deck, a pool, a four-car garage and a private dock which can accommodate boats up to 100 feet.

Tanasha Pettigrew of Galleria International Realty represented Mr. Mayweather in the deal.

Douglas Elliman

This latest addition to Mr. Mayweather’s real estate portfolio joins an opulent Las Vegas mansion the boxer bought in 2018 for approx. $13.6 million and a French Modern-style estate in Beverly Hills he snapped up in 2017 for US$26 million.

Mr. Mayweather, who won a bronze medal at the 1996 Olympics as a featherweight, retired in August 2017 with an undefeated record.

A representative for the boxer didn’t immediately respond to a request for comment.

Reprinted by permission of Mansion Global. Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication:  August 13, 2021


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Ray White’s chief economist outlines her predictions for housing market trends in 2024

By Bronwyn Allen
Tue, Nov 28, 2023 2 min

Ray White’s chief economist, Nerida Conisbee says property price growth will continue next year and mortgage holders will need to “survive until 2025” amid expectations of higher interest rates for longer.

Ms Conisbee said strong population growth and a housing supply shortage combatted the impact of rising interest rates in 2023, leading to unusually strong price growth during a rate hiking cycle. The latest CoreLogic data shows home values have increased by more than 10 percent in the year to date in Sydney, Brisbane and Perth. Among the regional markets, price growth has been strongest in regional South Australia with 8.6 percent growth and regional Queensland at 6.9 percent growth.

“As interest rates head close to peak, it is expected that price growth will continue. At this point, housing supply remains extremely low and many people that would be new home buyers are being pushed into the established market,” Ms Conisbee said. “Big jumps in rents are pushing more first home buyers into the market and population growth is continuing to be strong.”

Ms Conisbee said interest rates will be higher for longer due to sticky inflation. “… we are unlikely to see a rate cut until late 2024 or early 2025. This means mortgage holders need to survive until 2025, paying far more on their home loans than they did two years ago.”

Buyers in coastal areas currently have a window of opportunity to take advantage of softer prices, Ms Conisbee said. “Look out for beach house bargains over summer but you need to move quick. In many beachside holiday destinations, we saw a sharp rise in properties for sale and a corresponding fall in prices. This was driven by many pandemic driven holiday home purchases coming back on to the market.”

3 key housing market trends for 2024

Here are three of Ms Conisbee’s predictions for the key housing market trends of 2024.

Luxury apartment market to soar

Ms Conisbee said the types of apartments being built have changed dramatically amid more people choosing to live in apartments longer-term and Australia’s ageing population downsizing. “Demand is increasing for much larger, higher quality, more expensive developments. This has resulted in the most expensive apartments in Australia seeing price increases more than double those of an average priced apartment. This year, fewer apartments being built, growing population and a desire to live in some of Australia’s most sought-after inner urban areas will lead to a boom in luxury apartment demand.”

Homes to become even greener

The rising costs of energy and the health impacts of heat are two new factors driving interest in green homes, Ms Conisbee said. “Having a greener home utilising solar and batteries makes it cheaper to run air conditioning, heaters and pool pumps. We are heading into a particularly hot summer and having homes that are difficult to cool down makes them far more dangerous for the elderly and very young.”

More people living alone

For some time now, long-term social changes such as delayed marriage and an ageing population have led to more people living alone. However, Ms Conisbee points out that the pandemic also showed that many people prefer to live alone for lifestyle reasons. “Shorter term, the pandemic has shown that given the chance, many people prefer to live alone with a record increase in single-person households during the time. This trend may influence housing preferences, with a potential rise in demand for smaller dwellings and properties catering to individuals rather than traditional family units.”


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