a member of the Sotheby's International Realty(R) Network -- announced its first major expansion since forming a little over a year ago. SOL Sotheby's International Realty, which specializes in ultra luxury residential properties in Miami-Dade, recently completed a merger with Broward luxury waterfront specialist, Tim Elmes, of The Elmes Group. They have opened a new office, located in the lobby of the prestigious Bahia Mar Resort & Yacht Marina, and will operate under the SOL Sotheby's International Realty name with Elmes, the top-producing broker and now a principal of the company, managing the new
office with his team. The Elmes Group had previously been affiliated with Coldwell Banker in Fort Lauderdale on the 17th Street Causeway.Irving Padron and Carlos Justo, the existing principals, formed SOL Sotheby's International Realty in January 2005, and contemporaneously entered into a franchise agreement with Sotheby's International Realty(R) Affiliates, Inc. In its first 12 months of operation, the company achieved over $400 milion in closed and pending sales of property in the most exclusive neighborhoods of Miami-Dade, including Star Island, Indian Creek and Tahiti Beach. During the same period, the company averaged a sales price of over $7 million.

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