Dry lots attracting spec home developers in Miami Beach. November 28, 2016. Forget waterfront property. These days, spec home buyers like my longtime client Todd Glaser are pursuing dry lots in Miami Beach. Mr. Glaser, who is credited for kick-starting the movement toward building spec homes on dry lots, says dry lots offer a more affordable and a deeper consumer-based alternative. With the market for $20 million to $40 million homes over-saturated, Mr. Glaser says the non-waterfront lots in such areas as Sunset Islands, Nautilus Drive and North Bay Road are more appealing to him these days. Mr. Glaser and his partners are now working to complete numerous non-waterfront homes on lots ranging from approximately $3 million to $4 million. They hired Domo Design + Architecture to design the houses ranging from 3,800 square feet to 6,000 square feet. Meland Budwick, P.A. provides legal advice to Mr. Glaser in connection with his spec homes, including contracts, title, and closings. The buyers are primarily local families looking for new homes away from the expensive waterfront, as well as South American and European buyers who want to spend more time in the U.S.   . Mark Meland, Other NewsArchive. March 2024 November 2023 April 2023 January 2023 November 2022 June 2022 May 2022 April 2022 March 2022 . MRB. Contact us, Our attorneys, careers. About. Firm overview, Our Values, Community involvement, Representative matters. Pracrtice. Real Estate, Commercial Litigation, Receiverships and Assignments, Bankruptcy and Restructuring. In the News, Announcements, Film Videos. 2018 Meland, Russin, Budwick. ALL RIGHTS RESERVED.