Founded in 2011, the agency has franchises around the world in some of the wealthiest communities in the country, including Aspen, Cape Cod, Maui, Hamptons and Santa Barbara. In Florida, the $41 billion company has opened shops in Naples and Balhe Harbor.
For Los Angeles resident Umansky, the decision to open an office in Palm Beach Gardens Movement of people from California to Floridabut he recognizes that transplants are on the rise.
Why Kyle Richards’ Husband, ‘Buying Beverly Hills’ Mauricio Umanski, Chose Palm Beach Gardens as Location for New Broker
“We have seen that moving to Florida and the quality of life and economic benefits certainly play a role.
Our new office is at 2000 PGA Blvd. It’s near the City Center shopping mall, but press releases repeatedly mention Palm Beach.
Jim Ramsay, executive vice president of franchises and sales, said in a press release: “The Palm Beach lifestyle works in synergy with the agency’s innovative brand and philosophy.”
Single-family home sales were the lowest since 2013 last year, but the ultra-luxury market remains booming, some real estate agents said.
From Sanctuary in Boca Raton in the last 3 months Admiral’s Cove at Jupiter.
Prices peaked at a $51 million Palm Beach property that sold in December, a $48 million Manalapan mansion that sold on January 6, and a Gulfstream property on January 17. $31.5 million flip, and $26 million oceanfront. Palm Beach townhome.
Douglas Elliman Palm Beach’s executive director of luxury sales Daniel Ekerold said of The Agency’s opening of another office in South Florida, “I think it’s a smart move.” of power brokers are looking to Florida.”
Eckerold wondered why Palm Beach Gardens was chosen over Palm Beach and Jupiter.
“It’s a rare place to establish luxury high-end status,” said Eckerold. “He was able to pioneer something in that field and pioneer some things.”
The new Ritz-Carlton Residences, set in unincorporated Palm Beach Gardens on the site of the former Panama Hattie Seafood House and Rum Bar, are priced between $4 million and $8 million.
Also, a 7-bedroom, 13-bathroom property on the Intracoastal Waterway in Palm Beach Gardens recently listed for $29.2 million. The list price is down from his $38.4 million in 2021, but it was Palm Beach Gardens’ most expensive property when it relisted on Jan. 4.
“We are already getting calls from overseas buyers, including China, Russia and Europe, wanting to fly in to see it,” Sutter said. “It’s pretty amazing considering how much attention our little area of the map is getting now around the world.”
In a Jan. 18 report by Umansky’s The Agency, the company said shoppers in South Florida sought a “relaxed seaside lifestyle” and “the lack of the state’s notorious income tax.” , says they come from all over Latin America.
The Agency’s Palm Beach Gardens office will be run by company presidents Santiago Arana and Umansky. Umansky is known for selling his Playboy Mansion, the first home in Los Angeles to sell for over $100 million, as well as homes owned by Michael Jackson, Michael Jordan, and Prince.
Howard Elfman, who sold the Weichert Realtors franchise in 2016, will become the agency’s managing broker. He has over 23 years of experience in South Florida real estate. Brian Fairweather will serve as Managing Director.
Kimberly Miller A veteran journalist for The Palm Beach Post, part of the USA Today Network in Florida. She describes real estate and the impact its growth has on the South Florida environment.apply dirt For the weekly real estate roundup. If you have any news tips, send them to [email protected] Help support local journalism. Subscribe now.