FIRST ON PROFILE: Pinecrest Mansion Sells For Record $11.2 Million Complete With NFT Mansion In The Metaverse

Meta Residence, a new construction home in Pinecrest which launched in August 2022 as the world’s first-ever "MetaReal" Mansion, a real world new construction home being built in Miami with a digital twin in the Metaverse, has just sold in an all-cash transaction for $11.2 million. The sale marks it as the highest sale overall and highest price per square foot in Pinecrest at $1,335 PPSF. Michael Martinez and Kiki Rutten with ONE Sotheby’s International Realty represented the seller, while Martinez repped the undisclosed buyer.

Meta Residence is a collaboration between ONE Sotheby’s International Realty, Voxel Architects and general contractor and NFT collector Gabe Sierra of Sierra Development to develop the first real-world mansion being constructed in Miami with a virtual counterpart coming to life inside of The Sandbox metaverse. The purchaser receives both the NFT of the asset and the physical home.

Located on a 1+ acre within one of Miami’s most sought-after neighborhoods, the 11,000 square-foot newly built tropical estate features 7 bedrooms and 9 bathrooms. The home also a separate guest house with its own entrance and garage and a chef's dream kitchen with state-of-the-art appliances, accompanied by a wine cellar and a wet bar. The luxe master suite features a sitting room and a spa-like bath with a soothing soaking tub. The residence also offers panoramic outdoor views, highlighted by a resort-style pool, an inviting infinity spa, a covered terrace, a summer kitchen, and a sprawling yard. The virtual version is a mirror image of the property.

Images via 1OakStudios / ONE Sotheby's International Realty

Cervera Real Estate Hosts Agent Event at LOFTY Brickell YUPIX Experience in Wynwood

A distinguished group of about 35 Miami real estate agents gathered for an afternoon of networking and knowledge sharing at the YUPIX headquarters in Miami’s Wynwood district. The agents experienced meta-reality tours of LOFTY Brickell, the most elevated offering in Newgard Development Group’s flexible ownership concept.

Cervera Real Estate hosted the private event held on Aug. 30. A handful of speakers shared their secrets for creating more listings, best practices in pre-construction sales strategies and ways to achieve more consistent closings. Cervera agent Dali Hernandez gave a presentation on LOFTY Brickell, Newgard’s 44-story luxury condominium project under development on the Miami River. Cervera is the project’s exclusive sales and marketing representative.

The attending agents also had a chance to experience the meta-reality tour of LOFTY, utilizing technology developed by YUPIX. The technology was designed to give prospective buyers an immersive feel for the finished product. Several buyers have credited the tours for confirming their decision to purchase a unit in the building.

“Buyers are increasingly becoming more discerning when deciding between residential projects,” said Hernandez, a member of the LOFTY sales team. “Having the ability to take someone inside a luxury building long before it is completed creates a competitive edge.”

Designed by Arquitectonica, the 362-unit LOFTY Brickell is 92% sold, with only a handful of penthouse residences available for purchase. The Signature Penthouse Collection offers spacious two, three and three-bedroom plus den units that will be curated and furnished by revered design firm Artefacto. Starting at $2 million, they represent the best value in penthouse homes in the Brickell submarket.

Located across from Brickell City Centre, LOFTY is the next evolution of condominium ownership. It brings a 5-star alternative for the owner and traveler who prefers to stay and own differently – yet does not want to compromise on hotel services and amenities. Each residence will be delivered fully finished and furnished and, with professional management, will permit short-term rentals.

Newgard Development Group Partners With YUPIX To Bring Immersive Meta-Reality Tours to LOFTY Brickell

Forward-thinking real estate developer Newgard Development Group continues to innovate and enhance the luxury residential preconstruction experience. In the latest example, Newgard is partnering with immersive technology platform YUPIX to offer meta-reality tours of its LOFTY Brickell.

LOFTY is a 44-story waterfront luxury condominium high-rise under development on the Miami River in the heart of Miami’s financial district. The most elevated offering in Newgard’s flexible ownership concept, LOFTY is already one of the Miami condo market’s most successfully sold buildings. This new collaboration with YUPIX promises to take interest in LOFTY to even greater heights.

Through the partnership, a representative from Cervera Real Estate – the exclusive sales and marketing partner for LOFTY – will be on-site at YUPIX’s Wynwood facility to guide real estate agents and prospective buyers through the surreal multisensory experience.

“The term gamechanger is overused, but YUPIX is truly changing the game when it comes to preconstruction sales,” said Cervera Real Estate Managing Partner Alicia Cervera Lamadrid. “Buyers are increasingly more discerning when considering where to purchase in Miami. Having the ability to take someone inside a luxury building long before its completion is a major competitive advantage for a project like LOFTY.”

YUPIX’s disruptive technology gives participants a palpable feeling of walking through LOFTY’s penthouses and luxurious amenity areas, while taking in the building’s incredible views from different vantage points.

“We always strive to push boundaries and redefine what is possible through our developments,” said Newgard Development Group CEO Harvey Hernandez. “Partnering with YUPIX accomplishes that and showcases LOFTY in a new and innovative way. The LOFTY team cannot wait to welcome our buyers to the LOFTY metaverse.”

To schedule a meta-reality tour of LOFTY, call (786) 461-9221 or email info@LOFTYBrickell.com.

Designed by Arquitectonica, the 362-unit LOFTY features 309 tower residences including studio, one- and two-bedroom units alongside 40,000 square feet of thoughtfully curated amenities, including a private marina, a members-only social club, resort pool deck and fitness center, indoor/outdoor cigar lounge, co-working lounge and meeting rooms.

LOFTY’s 53-unit Penthouse Collection offers spacious two, three and three-bedroom plus den residences that are curated and will be furnished by revered design firm Artefacto. Penthouse prices range from $1.95 million to over $3.5 million.

Located directly across from Brickell City Centre, LOFTY is the next evolution of condo ownership, conceived to bring a 5-star alternative for the owner and traveler that might prefer to stay and own differently – yet does not want to compromise on the services and amenities of a hotel. Each residence will be delivered fully finished and furnished and, with professional management, will permit short-term rentals.

The tower will feature the first-ever NFT art collection designed for condo owners, integrating digital art into the DNA of the new residential building, while transferring ownership of a custom NFT to each unit owner at closing.

INC, the multi-disciplinary INC Studio responsible for LOFTY’s 44 stories of swanky interiors. Urban Robot Associates is the landscape architect.

LOFTY Brickell is located at 99 SW Seventh St., Miami, FL 33130. You can visit LOFTY Brickell’s website here.

'Metaverse Chateau' Hits Market In Metaverse As NFT And As Real Home Under Construction In Miami Shores

The founder of Alpha City, a social business lifestyle metaverse, has revealed “Reflection Manor,” a real world new construction home being built in Miami with a digital twin in the Metaverse. This is the second “MetaReal” spec home under development in Miami, the other is the recently launched Meta Residence which was the world’s first-ever revealed "MetaReal" home. The purchaser of one of these “MetaReal” homes would acquire both the real world home and its virtual replica in the Metaverse as an NFT.

“Reflection Manor” is a French chateau style home with architectural design by Sakora Design and is currently being constructed in Miami Shores. The residence will comprise 6,000.sq.ft. with six bedrooms and six and half bathrooms on a 12,975-sq.ft. lot. The virtual counterpart will live in the Metaverse of Alpha City. Features of the state include a grand double height foyer, Gaggenau appliances, wine room, sumptuous game room, private primary suite, boutique worthy closets, and a wellness wing with gym opening to a covered terrace and manicured backyard.

The seller is Jorge Guinovart, a real estate developer, entrepreneur, and cryptocurrency expert who created Alpha City. Dubbed the Social Business Lifestyle Metaverse, Alpha City was conceived to create a Metaverse with an economy, with VR visual experiences and broad reaching social and lifestyle opportunities to up the value of virtual properties.

“Reflection Manor” is located at 1275 NE 93rd Street in Miami Shores and is currently listed for $7.77 million by Juliet Silver with ONE Sotheby’s International Realty.

Renderings of the home and Alpha City via Reflection Manor/ONE Sotheby’s International Realty and Sakora Design.

Take A First Look At 'MetaReal' Mansion To Be Sold Via NFT As Real Home And Digital Twin In Metaverse

Meta Residence has revealed a first look of the world’s first-ever "MetaReal" Mansion, a real world new construction home being built in Miami with a digital twin in the Metaverse. ONE Sotheby’s International Realty and Voxel Architects have aligned with general contractor and NFT collector Gabe Sierra to build and sell Meta Residence, the first real-world mansion being constructed in Miami with a virtual counterpart coming to life inside of The Sandbox metaverse. The purchaser of the NFT asset will also acquire ownership rights of the physical home.

Located on a 1+ acre within one of Miami’s most sought-after neighborhoods, the 11,000 square-foot home will feature 7 bedrooms and 9 bathrooms. The virtual version will be a mirror image of the property.

Kiki Rutten and Michael Martinez with ONE Sotheby’s International Realty are the exclusive sales agents for the project and plan to execute the transaction on the Ethereum blockchain. The metaverse mansion is expected to list for auction in early 2023 with a yet to be disclosed reserve price.

Interested bidders can register to be approved for the pre mint list here: https://www.premint.xyz/meta-residence-one/

Renderings via Meta Residence

PMG and YUPIX Expand Partnership To Launch New Projects In Meta-Reality

YUPIX, an immersive technology platform that is revolutionizing the real estate industry, has expanded their partnership with nationwide developer Property Markets Group (PMG) following unparalleled sales in their first project together, E11EVEN Hotel & Residences, co-developed by E11EVEN Partners. This second phase in the ongoing partnership puts four exclusive new residential towers across Miami in front of high-net-worth buyers through multisensory meta-reality tours before construction begins.

Data from YUPIX’s meta-reality tours with PMG have shown a high sales conversion rate above 90% in multi-million dollar residences. A testament to the technology’s power to influence decision making, over $700 million were generated in direct sales over a 5-month period as a result of the YUPIX tours for E11EVEN Residences.

“Our partnership with YUPIX has been extremely successful and we are excited to expand it to our other projects,” said Ryan Shear, Managing Partner of PMG. “YUPIX’s immersive experience is one of the many reasons why E11EVEN Residences Beyond has been so well received. Virtual Reality and meta technology are tools that help us as developers work more efficiently and help buyers make more informed decisions.”

YUPIX’s cutting-edge technology will be on display in each building’s sales gallery and pop-up activations, allowing prospective buyers to interact with meta-reality simulations of a tower’s opulent amenities, panoramic views, and high-design residences. Using high-definition headsets and an acute attention to detail, the tours allow participants to gain a deeper perception of each development - like walking through various unit layouts and visualizing customized finishes. With Miami a booming market for international buyers, YUPIX showcases projects to a global audience by offering tours in cities around the world - from Dubai and New York to Mexico City and Nassau.

“Our technology’s hyper-realistic content offers users the opportunity to experience a product from anywhere in the world before construction even begins,” said Patricio Navarro, CEO of YUPIX. “It disrupts the industry’s traditional sales process; allowing developers to sell the most expensive units and penthouses before breaking ground, which is historically unheard of.”

The YUPIX Arena is located at 2811 NW 5 Ave., Miami, FL 33127, and offers tours by appointment only.