194 // THE EX­PLORER

Ocean Drive - - Contents - BY ROBYN A. FRIED­MAN

An es­teemed vet­eran of the real es­tate scene, Dora Puig knows Mi­ami’s ter­rain bet­ter than any­one.

AN ES­TEEMED VET­ERAN OF THE REAL ES­TATE SCENE, DORA PUIG KNOWS MI­AMI’S TER­RAIN BET­TER THAN ANY­ONE.

If you fol­low real es­tate in Mi­ami-dade County, then you un­doubt­edly know about Dora Puig. Af­ter all, she has set more than a few sales records in her 26-year ca­reer. With nearly $2 bil­lion in life­time sales, the owner of Luxe Liv­ing Re­alty in Mi­ami Beach knows which neigh­bor­hoods are hot (or not) and where the deals are. Right now, Puig is bullish on the Vene­tian Is­lands, a chain of six man-made is­lands in Bis­cayne Bay.

How is the Mi­ami mar­ket do­ing now?

It slowed down a lot last spring and sum­mer, but af­ter the neg­a­tiv­ity and un­cer­tainty of the elec­tion were over, I started see­ing a lot more ac­tiv­ity. Within two weeks of the elec­tion, I put three sin­gle-fam­ily homes un­der con­tract.

What sig­nif­i­cant trans­ac­tions were you in­volved with in 2016?

One of my list­ings, at 306 West San Marino Drive in Mi­ami Beach, went un­der con­tract for a record price. It’s a 7,076-square-foot, sixbed­room home that was listed for $14.995 mil­lion. I sold it to a French gen­tle­man in town for Art Basel, and it closed in Jan­uary for $13.2 mil­lion, mak­ing it the most ex­pen­sive sale in the Vene­tians in 2016. I was also Phar­rell Wil­liams’s list­ing agent, and I closed the record sale at Fisher Is­land for the pent­house to Jim Fer­raro.

Why are the Vene­tians so hot right now?

The bridge, with the old lamp­posts [the Vene­tian Cause­way], re­ally makes for a neigh­bor­hood feel.

You’ve got jog­gers and bik­ers and mom­mies Rollerblad­ing with their ba­bies and peo­ple walk­ing, and it’s a real pedes­trian-friendly neigh­bor­hood. It’s a very com­fort­able place to be—and very ac­ces­si­ble.

What types of prop­er­ties are on the Vene­tian Is­lands?

You can find pretty much any type of res­i­dence. Belle Isle is the con­do­minium is­land, with a lit­tle neigh­bor­hood of sin­gle-fam­ily homes. Rivo Alto, De Lido, and San Marino are the three clas­sic Vene­tian is­lands and they’re more sought-af­ter. Go­ing west, you have San Marco and Bis­cayne. Wa­ter­front prop­er­ties start at $4 mil­lion and go up to $30 mil­lion. Dry lots start at about $1.3 mil­lion to about $5 mil­lion.

What other ar­eas are pop­u­lar be­sides the Vene­tians?

Bay Point com­petes with the Vene­tian Is­lands and is very hot. It’s com­pletely pri­vate, so it’s great for fam­i­lies.

Who are the buy­ers to­day?

Peo­ple in the fi­nance world from the North­east are at­tracted to Mi­ami Beach, and this is one of the groups that were on hold un­til the elec­tion. They’re start­ing to re­ally place bids now.

Will Pres­i­dent Trump have any im­pact on our lo­cal mar­ket?

I think our tar­get mar­ket, which comes from the North­east, is re­ceiv­ing him well be­cause they know he’s pro-busi­ness. He’s ob­vi­ously pro-real es­tate. If he low­ers the cor­po­rate in­come tax and cap­i­tal gains and doesn’t in­crease taxes, I think that will pro­mote busi­ness in a very healthy way. For busi­ness and for real es­tate, I think he will be very good.

do­ra­puig.com

“PEO­PLE IN THE FI­NANCE WORLD

FROM THE NORTH­EAST ARE

RE­ALLY START­ING TO PLACE

BIDS Now.”—dora

puig

From her view at 306 West San Marino Drive in the Vene­tian Is­lands, Dora Puig sees an ac­ces­si­ble, pedes­trian-friendly neigh­bor­hood that’s cur­rently among the hottest in Mi­ami.

The new wa­ter­front villa at 306 West San Marino Drive was made for in­door/out­door liv­ing and en­ter­tain­ing, with a seven-panel slid­ing door sys­tem lead­ing to the heated pool and in­te­grated hot tub (here and top left), be­neath a deck with panoramic views (above).

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