Photo Credit: Muzammil Soorma
Devin Kay comes from a prominent Real Estate family and has been surrounded by the Business for much of his life. His grandfather, Alan Kay, was one of the largest Real Estate Developers in the Washington DC area and also built Commercial & Residential projects in California, Florida, Africa & Portugal. Devin's Rolodex of High Net Worth clientele has been vital to his success, & his ability to connect the dots between Washington DC, New York, LA, and Overseas has played a pivotal role in making him a force in the South Florida Market.
Devin has been in the South Florida area since 2006, having lived in both Palm Beach County & Miami. His extensive knowledge of South Florida allows him to place his clients in the perfect area to suit their particular needs. One of the many things that Devin prides himself on is the level of attention & service he provides to his clients. Devin lives & breathes Luxury Real Estate & works tirelessly to provide his clients with 24/7 care. He represents Buyers & Sellers in Miami Dade, Broward & Palm Beach County. Haute Residence caught up with Kay to discuss how the luxury real estate market in South Florida has changed in 2020 and what buyers are looking for.
How has the luxury real estate market in your market been performing so far in 2020?
The luxury market has been quite active over the last several months. There has been a large number of buyers from high tax states that are relocating to South FL to capitalize on tax savings, and they are looking at substantial properties at the upper end of the price spectrum. Most of my showings over the last few months have been to people from the Northeast, specifically New York. There is still an abundance of inventory, but the good properties in good locations that are priced correctly are still selling.
What are buyers looking for in their homes in your market in 2020?
The two main things I find that buyers are looking for are turnkey properties that need no work done to them and also a modern/contemporary look. Buyers do not want to have to renovate or invest time & money into a place when there are so many options available that are new and move-in ready. Additionally, we seem to be in a world where people want a more contemporary or transitional look, the more classic & Mediterranean homes are definitely fallen off.
Photo Credit: Lance Asper
Which has been a highlight sale for you so far in 2020?
I just closed on my listing 4330 North Bay Road which was a pretty Mediterranean home on the bay for $9,750,000. I am working on a few other significant deals that will be much higher in price, stay tuned.
Are there any new restaurants or other spots in your market you’ve been loving lately?
I just went to Mila on Lincoln road for the first time for dinner and it was fantastic. Amazing food & vibe, highly recommend. Also have been going to the Surf Club Four Seasons for dinner & drinks, amazing property. For something more casual & quick, I absolutely love the St Roch food hall in the Design District. I can't recall the name of the sushi place, but its some of the best sushi in town!
It’s time for spring break. What is a fun activity in your market?
Here in Miami, the weather is usually always pretty good so there are plenty of things to go do. Whether its playing golf, going boating/jet skiing, enjoying the new art museums or checking out the new spots in Wynwood & the Design District, there is always plenty going on.
