“South Miami needs more density since a lot of people are moving to the area,” said Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. “Townhomes and condos are a good alternative to houses in the area which are expensive now."
March 28, 2022 at 03:18 PM
2 minute read
Florida Bureau Chief
A 10.17-acre parcel in Miami recently sold for $24.5 million, having increasing in value by nearly $18 million since it was last sold in 2015.
The rezoning of the property to allow 54 units and South Florida’s hot real estate market raised the value of the property, which sold for $6.3 million in 2015. That’s according to the seller, Pascal Nicolai, founder and CEO of Sabal Development, Sabal Luxury Builder and 8290 Partners.
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