Photo Credit: Fort Lauderdale International Boat Show
In Market

Condos With Private Marina Debut; Fort Lauderdale Boat Show Returns

By: Zoe Rosenberg

Fort Lauderdale International Boat Show Cruises Back to South Florida

The Fort Lauderdale International Boat Show, the largest in-water event of its kind, returns to South Florida from October 27 through 31. The five-day event at the Bahia Mar Yachting Center includes the Superyacht Village, a display of vessels and exhibits from some of the world’s leading shipyards, as well as the Windward VIP Club, where holders of $300 VIP tickets can enjoy a premium open bar and bites in addition to early show entry. One-day general admission tickets cost $37, while two-day general admission tickets are available for $63.

Boating products and accessories have seen skyrocketing demand over the past year, with Berkshire Hathaway’s 2021 Global Luxury Landscape report finding that U.S. sales of new yachts are up 30% in 2021, topping 2020’s 13-year high. Boats from 65 feet to 154 feet made up more than half the global market in 2020.

200 East 83rd Street Debuts From $2.05 Million With 30% Sold

The residences of 200 East 83rd by developers Naftali Group and Rockefeller Group have officially hit the market, with 30% of the building’s 86 condominiums already spoken for ahead of the official sales launch. In 200 East 83rd, the design of the classically inspired New York firm Robert A.M. Stern Architects joins with the interiors of Rottet Studio, who endowed the one- to six-bedroom residences with simple, yet timeless materials, like oak cabinetry and custom crown molding. The building’s homes are priced from $2.05 million.

Honoring classicism with a fresh approach, this building is for true New Yorkers, those looking to experience all that the city and the marvelous Upper East Side have to offer,” said Lauren Rottet, principal and president of Rottet Studio. “We were delighted to collaborate with RAMSA. The masterful proportions they achieved at 200 East 83rd allowed our team to design exceptionally elegant spaces meant to be lived in.”

In addition to a fitness center, yoga studio, and a private cinema, 200 East 83rd features a 70-foot swimming pool housed in an elegant space with double-height vaulted ceilings and a loggia on the 17th floor, a porte cochère and automated parking, and a winter garden featuring a double-height loggia with floor-to-ceiling arched windows.

La Baia, Bay Harbor Islands Launches Sales From $810,000

Developer Ian Bruce Eichner’s newest Miami-area condominium building has hit the market with residences priced from $810,000. La Baia, Bay Harbor Islands—just north of Indian Creek and west of Bal Harbor—features 68 one- to four-bedroom residences spanning 1,125 to 2,500 square feet. Revuelta Architecture has designed La Baia’s exterior, while the interiors are appointed with fixtures and finishes by Durukan Design. The boutique bayfront project, poised for completion in November 2023, will feature over 30,000 square feet of amenities, including a private 20-boat marina and a rooftop deck with landscaping by Enzo Enea. 

“La Baia’s waterfront setting offers the optimum active and healthy Miami lifestyle. Now more than ever, families are taking pleasure in a wide range of outdoor activities and experiencing the joys of boating as never before,” said Phil Gutman, president of Pgutman LLC. “Our private marina is a fabulous amenity as is the ability to kayak, paddleboard, or swim. It’s the essence of a Florida lifestyle.”

UBS’s Annual List of Greatest Bubble Risks Finds Madrid, Milan Fairly Priced

UBS has released its 2021 Global Real Estate Bubble Index, which assesses the global housing markets that are most at risk of collapse due to an imbalance between housing prices, demand, speculation, and exuberant spending. The report also points to cities that have experienced a correction in their housing prices, with Madrid, Milan, and Warsaw each undergoing a cost modification in 2020. 

In 2020, Madrid saw a 5% decrease in property prices owing to severe lockdown restrictions and economic contraction connected to the pandemic. In Milan, real house prices declined by 30% between 2008 and 2018, with some momentum in prices regained in 2019. The pandemic, however, put a stop to that. UBS says Milan has “one of the best levels of housing affordability among European cities.” Warsaw housing prices have been on the rise since 2013, after a whiplash period of ups and downs. Robust economic growth is supporting higher wages, though the option to work remotely has led to a decrease in demand for housing in the Polish city’s more central locations. UBS predicts, however, that housing affordability in Warsaw will become a major issue in the coming years.