Inside South Florida’s Boom in Luxury Branded Residential Developments with Daniel Teixeira

By Grace Cassidy

South Florida’s luxury residential real estate market has exploded in the wake of the pandemic, as buyers from around the world have come to see Miami and other oceanside communities as year-round locations. According to Jonathan Miller, President and CEO of Miller Samuel Inc., that shift in perception of South Florida to “a ‘good place to work’ from merely a ‘good place to visit’” has driven a boom in the development of luxury branded residences—most recently in Fort Lauderdale, which is where Douglas Elliman broker Daniel Teixeira has been at the ground floor of this growing trend.

Daniel Teixeira

Over his 25 years in real estate, Teixeira has sold over $2 billion in premier waterfront properties and high-rise developments and has served as director of sales for numerous luxury developments in Fort Lauderdale, including the W Residences, St. Regis Resort, The Ritz Carlton and The Four Seasons.

As Vice President of Business Development for Douglas Elliman Development Marketing, Teixeira is the leading consultant for luxury residential and condominiums in South Florida.

“I am often sought out by developers at the beginning stages of new high-end developments,” he explained, providing counsel on site locations, concept and building design, and working with the city and land-use attorneys for zoning approval. And he has been at the forefront of the recent rise in developments from global hospitality brands.

“Most purchasers prefer a well-known hospitality brand to curate and select the appointments without any hesitation that buyers will not be content with the finished product,” Teixeira said. “Recently, I sold a $15 million condo to out-of-town buyers, sight unseen, solely because of the trust and brand loyalty they had to the Four Seasons.”

That brand magnetism has drawn a global clientele to South Florida, he added.

“I have seen the demand for branded residential developments explode from interest worldwide,” Teixeira said. “South Florida has seen exponential growth from international purchasers—and both Miami and Fort Lauderdale airports have expanded their direct flights to most of the world.”

He noted that Fort Lauderdale has seen increased sales from London, and record-breaking purchases, including an average $3,200 price per square foot at the Four Seasons Private Residences. (The previous record was $1,552 per square foot.)

“The key to success in a high-end development is working with the developer at the inception and advising them to listen to the market in regard to amenities,” said Teixeira. “As times change, I have seen more gyms, yoga classes and pickle ball courts on buyers’ lists. The pool area should also reflect a resort-type setting, as more buyers are looking at the pool deck amenity as an alternative to their verandas for outdoor space.”

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Mike McNamara

Mike McNamara

A Las Vegas Realtor since 2008. Mike has a wide range of knowledge around all things Las Vegas.

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