(Left to Right): Brandon Zarco & Todd Glaser

Todd Michael Glaser is a renowned real estate developer, owner’s representative, and business connoisseur. Starting his career as a fire sprinkler designer gave him a foundational understanding of building construction and developments, and now he sells multimillion-dollar properties, owns some of the largest real estate developments in South Florida, and has worked with A-list celebrities such as DJ Khaled, A-Rod, Lil Wayne, Chris Bosh, Hulk Hogan, Randy Frankel (owner of Tampa Bay Rays), Kevin Douglas (IMAX board member), and Stephen Levin (founder of Gold Coast Beverage Distributors).

Though originally from Miami Beach, Glaser has most recently brought his expertise to the Palm Beach market. Of course, the area has always been known for its beautiful estates, upscale resorts, and palm-tree-lined shopping district of Worth Avenue. Since 2020, the real estate market in Palm Beach has grown rapidly. Whereas a decade ago a $20 to $30 million house was considered top of the market, that price is now considered average, with $100 million homes in the mix.

“It’s a generational change in 2017 that I caught,” Glaser says. “A lot of stuff that had not come on the market for at least 50, 60, 70 years is starting to bubble up. They are big, expansive estates, and Miami Beach does not have that. The Palm Beach market, like Tarpon Island, really does not exist in Miami.”

Tarpon Island is a one-of-a-kind private island estate a block from Worth Avenue that Glaser bought this year and is currently renovating and developing. It has only one single-family home, accessible via its own bridge. The home has 1,300 linear feet of waterfront and will boast almost 25,000 square feet once completed. It will be brought to market by Lawrence Moens and will be listed for sale as-is for $120 million. If the buyer would like Glaser to complete the renovations, the cost will be $200 million.

Glaser recently sat down with Haute Residence to discuss his success in the new market, his favorite projects, and why Palm Beach is stealing the limelight from Miami Beach.

Tarpon Island, Palm Beach County, Florida

Haute Residence: What are some of the projects you’ve worked on in Palm Beach?

Todd Michael Glaser: I went into the market and purchased some landmark homes, renovated them, assembled a team of subcontractors, and once I felt comfortable, I started building. I did 125 Via del Lago, 121 North Lake Way, and 127 Dunbar Road, which are all landmark homes. I bought 127 Dunbar Road for $17 million and sold it for $27.5 million in under 10 months.

The reason we’re renovating right now is to get products on the market. In Palm Beach, there are only about 18 listings right now, whereas there are usually about 190. So we decided to buy some properties in April and May that we could fix and have on the market by October 15 to capitalize on the upcoming season.

HR: How has the real estate market in Palm Beach changed recently?

TMG: The real estate market, in general, hasn’t gone up so much in the last 15 years, and I attribute a lot of it to what somebody’s net worth is versus what they’re buying house-wise — it doesn’t correlate. Before, people used to buy a $150,000 house and you were only making $30,000 per year — one-fifth that amount. However, to flip that ratio, if somebody is worth $3 billion, why wouldn’t they buy a billion-dollar house valued at around a third of their worth? The correlation is off. In 2001, we started seeing $3 million houses. In 20 years, pricing has gone up, but not as much as what people’s income and net worth have risen. The graph of people’s income and net worth is vertical, and real estate has seen a slow rise. I think real estate is way undervalued.

But for Palm Beach, let's go back four years. Four years ago, when I bought 125 Via Del Mar, Miami Beach and Palm Beach properties were actually the same prices. That shocked me. I paid $6 million for a property and we later sold it for $16 million. That's what really caught my eye — I could finally buy in Palm Beach for the same price as Miami Beach. There have been eight single-family homes that have sold for over $100 million in the last 18 months in Palm Beach. It's a new trend, and a $50 million house in Palm Beach is not that big of a deal anymore because the sale prices have gone up to $100 million.

HR: What do you and your team hope to accomplish in the fourth quarter of 2021?

TMG: We own several properties that can be sold as land, and we’re looking to see if we can sell them simply for an appreciated land value. There's been a big increase in land values in the last six to eight months. There are a lot of people out there looking for land, and there’s nothing out there. We currently own a lot of property in Palm Beach. We’re also building some new homes because there’s no inventory in Palm Beach. We’ve never seen anything like this.

HR: What makes Palm Beach better than Miami Beach?

TMG: Palm Beach has the highest elevations on the east coast of Florida, and that’s why people picked it. The size of the parcels, when they were subdivided, was done in a resident-oriented way. They do everything for the residents in Palm Beach.

On the other hand, Miami Beach seems to be increasingly catering to tourists. I’ve lived here my whole life and have watched the city grow out of its small beach-town environment and into this booming metropolis. It used to have small-town vibes where everyone knew their neighbors, but those days are gone. I’ve renamed Miami Beach the city of Miami Beach — it’s not a town anymore, it’s a full-blown city. So many of us are gravitating up to Palm Beach, and a lot of young families are moving there, which is fantastic.

For more information and available properties, please visit toddmichaelglaser.com.

The post Palm Beach Paradise: An Interview With Todd Michael Glaser appeared first on Haute Residence by Haute Living.

Concierge broker Dante DiSabato of William Raveis Real Estate has listed 2927 Indigobush Way in the exclusive Estates at Great Oaks. The gorgeous 5950-square-foot home features four bedrooms (all en suite) plus an optional den, five bathrooms (4+1), and is currently being completely renovated to the exact standards of Limitless Development. 

Exquisite interior finishes abound and entertaining will be a breeze thanks to an inviting chef's kitchen and open concept design. The home’s expansive outdoor living area includes a resort-style pool and spa overlooking magnificent lake and golf course views. In addition, the residence sits on a desirable corner lot of almost one acre. As a member of Grey Oaks Country Club, you will have access to 54 holes of golf; a newly renovated wellness center; a lagoon-style pool; numerous tennis, pickleball, and bocce courts; restaurants, a spa, and extensive amenities at your fingertips. All just minutes from downtown Naples world-class shopping, fine dining, and white sand beaches.

Offered at $5.65M. Dante DiSabato has sold more than $800 million in real estate in his career (more than $225 million in 2021 alone) and currently has listings available in Olde Naples, Park Shore, Grey Oaks, and elsewhere in the Naples area. He is a former “40-Under-40” in Gulfshore Business magazine’s annual roundup of Southwest Florida’s highest achievers, has been named a “Top Producer” by Gulfshore Life magazine, and has earned Sales Award recognition from The Realty Alliance for exceptional performance. It’s no wonder why clients come back time and time again. They expect — and get — unsurpassed value.

For more information on Dante, testimonials, or his listings, check out DanteDiSabato.com

The post Dante DiSabato Lists 2927 Indigobush Way In Grey Oaks For $5.65 Million appeared first on Haute Residence by Haute Living.

This duplex spans the 10th  and 11th floors and is one of the only turn-key residences in the building, and one of four developer residences remaining. Encased in floor-to-ceiling windows, the condo offers a panoramic view of the city which envelops residents as soon as they arrive home. The condo is outfitted with furniture from B&B Italia, one of the top furniture manufacturers in the world, whose pieces were designed by Patricia Aquila.

Aquila was personally chosen by Zaha Hadid to furnish the common areas throughout the building, giving this home a unique bond that no other unit shares. Inside the home, the common areas are reflective of the local art scene in Miami, with splashes of bold, primary colors, and custom touches in collaboration with Manolis projects.

One Thousand Museum is a 62-story tower designed by Zaha Hadid Architects and developed by Louis Birdman, Gilberto Bomeny, Gregg Covin, Todd Glaser, and Kevin Venger. The building's striking exoskeleton design is an identifier for Downtown Miami and the city’s cultural nucleus. Its revolutionary design is recognized as one of the world’s most challenging architectural projects to date and the complex construction was helmed by Plaza Construction.

One Thousand Museum’s prestige is further amplified by unrivaled amenities, including a private roof-top helipad, indoor-outdoor 1KM wellness center with gym, yoga facilities, relaxation pods, and private rooms for spa services; a Sky Lounge for dining and events; an on-premises bank vault; access to a house car service; multimedia theater and more.

Address: 1000 Biscayne Blvd, Miami, FL 33132

Price: $12.9M

For more information on this property, please visit: https://annasherrill.com/developments/one-thousand-museum

The post One Thousand Museum Presents One Of Its Only Remaining Residences appeared first on Haute Residence by Haute Living.