"Magnificent Mediterranean Estate! Set behind massive private gates in a prestigious guard gated community is this recently expanded, reconstructed and highly upgraded custom estate. ALL remodeling was done by the current owners! Boasting unobstructed ocean and city light views, the setting is truly spectacular! Set at the end of a cul-de-sac, with complete privacy, the two story floor plan spans approx. 8500 sq ft. Interior attributes include all new 850 sq ft gym, hair salon, and a large Read more [...]

South Florida’s housing market keeps on sizzling.The median price of a single-family home in Miami-Dade soared 25.7 percent in July to $230,000 from $183,000 a year earlier, according to the Miami Association of Realtors. That was the same as June’s median price of $230,000. Sales of single-family homes in Miami-Dade jumped 27.3 percent to 1,227 closings in July from 964 a year earlier. Miami-Dade single-family home sales hit their highest level in July Read more [...]

BY JEFFREY SPARSHOTT AND ERIC MORATH WASHINGTON—Sales of previously owned homes rose to their highest level in close to four years, possibly reflecting a spike in activity as buyers look to close deals before mortgage rates rise further. Existing-home sales rose 6.5% in July from a month earlier to an annual rate of 5.39 million, the National Association of Realtors said Wednesday. That was the best month of sales since November 2009, when a home-buyer tax credit spurred Read more [...]