• Mar 19, 2009
Having just returned from the well-heeled shores of Miami for last week's Kia Soul drive, we know that exotic machinery stacks up on the city's streets like so much cordwood. In fact, we saw upwards of ten newer Ferraris in the course of an afternoon's drive (not to mention untold Bentley Continentals and Porsche 911s) – but we didn't see a single Lamborghini during our entire stay. Not even a Jalpa.

Well with both the housing market and the new car market in the dumpster, the developers at South of Fifth luxury condos and the folks at Lamborghini Miami are understandably keen to change that. As such, they've gone and teamed up to offer a "free" Gallardo Spyder with the purchase of an oceanfront luxury beachfront home.

While South of Fifth isn't being so gauche as to announce the price of their properties, one look at the new digs on the company's swanky Flash-heavy site would suggest that a Lambo payment is going to be the least of your financial involvements here. We've seen these sorts of rolled-up real-estate/automobile deals before, but never on this sort of scale.

If you're interested, check out the link below, and be sure to hurry – there are only seven of 28 units left.

Oh – one last thing about this deal has us a bit puzzled: Don't people buy Lamborghinis in part because they want something different from their neighbors? Thanks for the tip, Richard!

[South of Fifth]


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  • 27 Comments
      • 5 Years Ago
      The douche factor runs so thick you can see it from space.

      Who is going to finance this?
        • 5 Years Ago
        I am not talking about construction financing. I was wondering who will finance the mortgage on a $10M condo that includes a car.

        Is Miami still that strong of a market?
        • 5 Years Ago
        Wow at all my errors. I think this economy is turning me dyslexic or maybe my Dyslexia is why I am doing bad. *shrugs*
        • 5 Years Ago
        Miami is number to in house values dropping. Right next to my home of LA. No surprise since the places with the fastest dropping host values are the ones that were also the fastest rising ones also.
        • 5 Years Ago
        The same banks that will finance the construction will most likely finance the mortgages for these properties. And no Miami is not even remotely close to being a hot market. Matter of fact, we were one of the hardest hit because of the speculators and "investors"
        • 5 Years Ago
        Who's going to finance this? Who cares? The fact of the matter is, someone will. And that someone will probably be asking for bailout money soon after that. I work with Real Estate statistics, and the people who buy places like these share as much blame as the banks who finance the construction.
        • 5 Years Ago
        This has all the necessary elements of a really good pyramid scheme.
      • 5 Years Ago
      Condoghini Gallardo
      • 5 Years Ago
      Lambos are thick on the ground here. Everything. Saw a Mercedes McLaren the other day. Also see Porsche Carrera GTs

      Re financing for purchase, a lot of the top end in Miami Beach is cash. As far as construction goes, the building is mostly done.

      After you buy yours, you will want to start going to council meetings to make sure restrictions on patio noise pass. This building is between two hotels and there was a plan to turn the Marriott into something more trendy (and noisy).
      • 5 Years Ago
      Do I have to live in the Chia-condo?
      • 5 Years Ago
      free Lamborghini = developer will give you his if it means a sale....

      7 of 28 left my ass...

      I love how people in the RE business are just allowed to lie about this....maybe 21 are in contract (MAYBE) and how many of those will actually close?

      Jeez, g_d for bid this business gets some licensing requirements..dog catchers are held to higher standers than these guys...
      • 5 Years Ago
      Someone has too much money and time on their hands......
      • 5 Years Ago
      Makes no sense. Looking at this place, the price must be obscene. If I could afford one I would probably be a snob who thinks the "baby Lambo" Gallardo is beneath me when I already own a Renventon, Aston Martin, Bently and other "nicer" cars.
      • 5 Years Ago
      Maybe they got the Lambos at that OC dealor that unloaded their inventory at bargain prices? Seems a fishy connection to me. HUM.
      • 5 Years Ago
      Apparently the condos left for sale are in the range from 6 million to 8 million

      Community: South Beach
      Architect: Nichols,Brosch,Sandoval
      Views: Oceanfront
      Completion Date: 2009, Fall
      Bedrooms: 2, 3 & 4
      Residence Size: 2480-4100
      Pet Friendly: Yes
      Total Residences: 28
      Number of Stories: 7
      Price Range: $1,500,000 - $10,000,000

      http://www.sunnyislesmiamirealestate.com/South-Beach/South-of-Fifth/
        • 5 Years Ago
        and there are only 7 of the 28 left.
      • 5 Years Ago
      i wish this picture were more distorted.....

      it looks like everything's sliding off of my computer screen
        • 5 Years Ago
        i'm pretty sure its not an issue with the way its displaying, its just a weird picture that they chose for the headline
      • 5 Years Ago
      Sign me up...But do i get to pick the color of my new Lambo?
      • 5 Years Ago
      Funny how you didnt see any Lambos. Last time I was in Miami, around Winter Music Conference in 2007 I took a ton of pics of Lambos all around South Beach. There was one Gallardo permanently parked near the Versace Mansion on Ocean, and always some Murcielago roadsters somewhere. I eventually lost interest in photographing the endless parade of Murcies, Gallardos, Spyders, LP640s and the rest.

      That same week I only saw a handful of Ferraris: a couple 360s, 430s , a lone 355 and 599.
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