900 Biscayne Bay Penthouse Condo – $1.9M

August 28, 2008 by Lucas Lechuga

900 Biscayne Bay Penthouse view

For the second time, I had the opportunity to view one of the penthouse condos at 900 Biscayne Bay.  There are 5 penthouse floors located on the 59th through 63rd floors.  The view in the picture above was taken from a penthouse condo located on the 60th floor.

900 Biscayne Bay Penthouse floor plan

The condo I saw was an “A” line penthouse that has 3 bedrooms, a den and 4.5 bathrooms with 3,493 square feet of interior space and an amazing 1,225 square feet of balcony space!!!  The condo is located on the southern corner of 900 Biscayne Bay and offers 180 degree views to the west, south and east.

900 Biscayne Bay Penthouse living room

The condo has a private elevator that opens to a private foyer.  As you walk through the double doors you are greeted to a very spacious living room with views of Biscayne Bay, the Atlantic Ocean, the Miami Beach and Downtown Miami skylines and much more.

900 Biscayne Bay Penthouse living room

Another look at the spacious living room of this penthouse condo at 900 Biscayne Bay.

900 Biscayne Bay Penthouse kitchen

The penthouse kitchens at 900 Biscayne Bay have custom Italian cabinetry, stone countertops and high-end stainless steel appliances by Sub-Zero, Miele and Bosch.  The penthouse condos also include a cappucino maker, mini-fridge and wine cooler.

900 Biscayne Bay Penthouse kitchen

The breakfast area off the kitchen of this penthouse condo at 900 Biscayne Bay offers a gorgeous view to the west.

900 Biscayne Bay Penthouse balcony

Here’s a look at just how deep some of the balconies are in the penthouse condos.  This one is located off the kitchen and living room.

900 Biscayne Bay Penthouse bath

The master bathroom in the penthouse condos at 900 Biscayne Bay all come equipped with a Jacuzzi tub.

900 Biscayne Bay Penthouse bath

Here’s a look at the shower located in the master bath of the penthouse condos.

900 Biscayne Bay Penthouse view

The view to the south from one of the balconies off the living room provides a spectacular view of Downtown Miami.

Condos For Sale at 900 Biscayne Bay

Condos For Rent at 900 Biscayne Bay

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419 Comments on "900 Biscayne Bay Penthouse Condo – $1.9M"


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Anonymous
interested
8 years 27 days ago
L@@K at this “investors”….. 7700 COLLINS AV # 1, Miami Beach, FL 33141** Price Reduced: 06/30/08 — $500,000 to $480,000 Price Reduced: 07/07/08 — $480,000 to $460,000 Price Reduced: 07/15/08 — $460,000 to $440,000 Price Reduced: 07/24/08 — $440,000 to $400,000 Price Reduced: 08/04/08 — $400,000 to $380,000 Price Reduced: 08/07/08 — $380,000 to $360,000 Price Reduced: 08/11/08 — $360,000 to $340,000 Price Reduced: 08/18/08 — $340,000 to $320,000 Price Reduced: 08/28/08 — $320,000 to $300,000 You know what that is? That is the sight of your investment turning into a nightmare. It’s eating your lunch. You see, if you… Read more »
Anonymous
Michael Phelps
8 years 27 days ago

Yo, I heard a rumor that Michael Phelps was buying a condo at 900 biscayne. If so, that could buoy….keep them above $400/sf at 900 Biscayne. So you’re wrong interested. You don’t know what you’re talking about bro.

Anonymous
AJ
8 years 27 days ago

Phelps and Daddy Yankee too.
If I had a cool 2 Mil, I’d buy that pad.

Anonymous
Jerry Harper
8 years 27 days ago

Interested… milk shakes…. geez the guy problem scoops ice cream for a living. Your financials would be best suited for purchasing condoms, not condos. JH

Anonymous
JR
8 years 27 days ago

You could use better pictures. That condo is gorgeous.

Anonymous
Renter Tom
8 years 27 days ago

There is one thing I like about the condo I am in, the views are great but with the layout of the building and angle of the coastline, I have complete privacy and never have to close my master bedroom blinds but can still look down the beach for miles…. With this unit, looks like there is a building next door that can peak in, I guess it depends on which rooms.

Anonymous
900 or bust
8 years 27 days ago
So… in another post, I read about how 900 Biscayne is the first of the ULTRA Luxury buildings to open, with the following building following in late ’08 and ’09. 1. Icon Brickell 2. Epic 3. Infinity 4. Everglades 5. Marquis & 6. Paramount Bay What are the boards thoughts on the following: – Will being an early entry Ultra Luxury brand vote well for 900 Biscayne? – Is there room today, even a possibility of success for Ultra Luxury in Miami’s condo economy? – How will the later entries into this category of product quality affect 900 Biscayne? –… Read more »
Anonymous
Michael Phelps
8 years 27 days ago

Jerry Harper….you’re a tool. He’s talking about “There Will Be Blood”.

Anonymous
8 years 27 days ago

$1.9 million for $3,493 comes out to $543 / ft. asking for a true Penthouse unit right now in what is thought to be an Ultra-Lux building in Park West.

My guess -if it does not sell- it’ll be asking high $400’s sq foot in 6 months.

Relatively priced, that would put the regular units at 900 in the $300-$400 sq/foot range which would put Marina Blue in the $250-$350 sq/foot range.

Write it down, my Crystal Ball prediction for the area 6 months out… Assuming of course Doc loans can be had with 10-20% down.

Anonymous
8 years 27 days ago

Renter Tom,

I hear ya. Some of the Related Condos are ridiculous that way. Right up against each other with half the condo facing each other.

Anonymous
Tatiana
8 years 27 days ago
This penthouse is saddled with an awkward floor plan and a very jarring linear spaces . I am disappointed with the bowling alley confined potentially Irish pub kitchen layout .The bathrooms are “okay” at best .Where is the Wow factor in this penthouse , There should be a seamless expanse of glass with a 180 deg. view .Thanks to the obtrusive badly though out floor plan the living room leaves much to be seen.Why do all these condosreplicate the monotonous designs from the floor plans and the decor .How is this different from every other “luxury condo ” that I… Read more »
Anonymous
8 years 27 days ago

“Why would anyone one want daddy Yankee as a neighbor”

This is Miami, if he brings the Ho’s, then he’s welcome with open arms. Would sure beat a Capponi lounge.

Anonymous
AJ
8 years 27 days ago

Have a happy Labor Day Weekend everyone!

Anonymous
Jane Q. Renter
8 years 26 days ago
I’ve been reading this blog for a while and thought of a question that I think hasn’t been brought up before. I see that there are TONS of new luxury condos for sale and many more to hit the market soon in downtown and brickell. How will this affect real estate in other parts of the city. If all the young professionals and wealthy folks who traditionally bought condos or homes in coconut grove and coral gables are going to flock to downtown and brickell. Is real estate going to be hit the hardest in places like coconut grove. I’m… Read more »
Anonymous
Cylindrical Columns
8 years 26 days ago
What is up with Miami and the tacky cylindrical columns in every building. They should just stick a huge sphere right next to it and then we could listen to Duran Duran and just pretend we’re in the 1980s. Are they hoping for a 1980s fugly architecture revival? Lord almighty. The design language is terrible in all these crappy “luxury” condos. Just because something is made of gold or Italian marble doesn’t mean it its classy. Its like those tacky ladies that wear Louis Vuitton print track suits with Louis Vuitton print shoes and a Louis Vuitton print handbag with… Read more »
Anonymous
Probably too cynical
8 years 26 days ago
Jane Q., I seriously doubt Brickell is going to attract many residents from Coral Gables or Coconut Grove, unless it is a young professional moving from apartment rental to apartment rental. Those communities are established and well-planned. And the commute from either of these to Brickell is not particularly bad. Brickell is not being built as a community. there are no parks, few shops, few groceries, few dining options outside MB Village. Brickell Key is nice, but other than that quality of life is relatively low. Brickell is being built entirely for naive speculators who at one time has too… Read more »
Anonymous
Plaza parking rip off
8 years 26 days ago

So Plaza on Brickell is going to start charging residents $200/month to park their second cars. This is outrageous, as there are literally floors of available parking on the higher floors of the parking garage. (building is, what, 25% occupied at most.)

what a way to screw the few residents this building has. Won’t be long before they start charging gym memberships and pool memberships for the use of those ammenities.

but this is also no doubt a sign of things to come with Brickell condo living…..

Anonymous
la la
8 years 26 days ago

Wooowwwww, Plaza is charging now too. What c**p. Good to know, thanks!

Anonymous
Wild Bill
8 years 26 days ago
900 Biscayne will do fine. Downtown has a better living standard than other areas mentioned. It is like living in a resort style community. You have excellent schools and a highly regarded neighborhood. Crime is nonexistent. You can walk to your CEO job in shorts and a tank top and not sweat to death. Even if your making mega bucks you can ditch your high end car and ride the Metromover. I would definitely recommend anybody with a half a million to consider one of the 1 bedrooms at 900 Biscayne. It truly is a value building in a great… Read more »
Anonymous
8 years 26 days ago

JL,

A penthouse unit at Ten Museum Park resold for $622 per square foot in June 2008. I’d much rather be at 900 Biscayne Bay or Marina Blue than Ten Museum Park. How are you coming up with your numbers?

Anonymous
8 years 26 days ago
Lucas, From my post: “$1.9 million for 3,493 comes out to $543 / ft. asking for a true Penthouse unit right now in what is thought to be an Ultra-Lux building in Park West. My guess -if it does not sell- it’ll be asking high $400’s sq foot in 6 months.” Relatively priced, that would put the regular units at 900 in the $300-$400 sq/foot range which would put Marina Blue in the $250-$350 sq/foot range. Write it down, my Crystal Ball prediction for the area 6 months out” ——- I’m assuming the listed price is an asking price so… Read more »
Anonymous
8 years 26 days ago

The post was basically about relative values. If a penthouse unit in 900 now is asking $543/ sq ft. I think the normal units need to be asking $450/ sq ft. and under right now (few are BTW).

Regardless, it doesn’t seem like many people are in a condo buying mood now so lets see what happens with the actual sales prices.

Anonymous
interested
8 years 26 days ago

Lucas, before you get too smug consider that 40% of the NATION’s fraud is occuring in Florida. That sale was fraud or stupidity. Either way the resale will be lower.

Anonymous
jcrimes
8 years 26 days ago
can we stop calling these buildings luxury? really, so you have a nice business center and a ping pong table…so what. the balls will be lost within the month, the paddles stripped and the computers will be down with a virus. that said….jane q., no rush to move into the grove. depending on what you’re looking for (i’d go townhome in the grove and avoid the condo buildings imho), there will be deals for the foreseeable future. hell, today’s foreclosures alone are going to take a year to clear out of the system. and there are more to come.
Anonymous
Wild Bill
8 years 26 days ago

I would pay a $100 per square foot premium to be closer to Bayside Market Place. Just like paying more to live near Lincoln Road. It’s worth it.

Anonymous
interested
8 years 26 days ago

Is that the real wild bill? You sound more like wild bull today. Very bullish indeed.

Anonymous
AJ
8 years 26 days ago
Jane Q, I agree with cynical. It is not as much as the grove and gables people are moving downtown. It is those from Kendal and Doral and the likes. So if anything, these new condos will affect, those outlying areas of Miami. 900 or Bust, I was the one who posted that post you mentioned. This is my take on the subject. Luxury buildings such as 18, Q, 50 Biscayne, Plaza etc will survive because, the prices the owners paid are reasonable to start with. They can rent out these flats by only subsidising 15 to 20% of the… Read more »
Anonymous
Wild Bill
8 years 26 days ago

People from Kendall and Doral should sell their 2/2 units and buy 1/1’s downtown. Downtown is more family friendly. Natural progression for families is to move to downtown areas with lower crime and better schools. Downtown is the place. Trust me.

Anonymous
Wild Bill
8 years 26 days ago

In Doral you can spend $358,900 for a 3/2.5 townhouse with a one car garage with 1600 sq. ft..
900 Biscayne 1/2 with 1,050 sq/ft can run $465,000.

Anonymous
8 years 26 days ago

What to ask before buying condo

http://www.chicagotribune.com/business/chi-condo-buying_chomes_0829aug29,0,4725826.story

Article was unexceptional except for this gem.

“One gimmick to watch out for is when developers advertise a building as 80 percent or 90 percent sold.

That sounds good, but sometimes what developers are really saying is they’ve sold most of the units they’ve put on the market, rather than most of the units in the building.”

LOL, I’m not surprised but man, that is pathetic.

Anonymous
JD
8 years 26 days ago

Jane Q., what do you do for a living if you dont mind me asking?

Anonymous
RCR
8 years 26 days ago
Everyone seems to be real sure of these young professionals moving downtown. Hopefully they are not about 50-75K upside down on their Kendall/doral homes. Hopefully they never plan to get married or have children or overnight platonic visitors for that matter. Hopefully their degrees did not include economics, finance and common sense. Get real the condo/home recession for south Florida is only beginning and there are no plausible reasons why the prices should then return to the unsupported previous prices. What kind of investment is it that you can maintain with only a 15-20% negative subsidy for as long as… Read more »
Anonymous
Jane Q. Renter
8 years 26 days ago
JD, not one bit. I’m a project manager for a large cell phone company. I have an BSEE degree from a top 10 school and experience working for a federal law enforcement agency. I moved down here from Washington DC 2 years ago and love the area, but still getting use to not having a change of season. AJ, would the downtown market attract people from the ‘burbs? I’m a pretty ‘with it’ person, but I don’t think I could really feel comfortable living downtown. Maybe a little too smug for my liking, kind of reminds me of living in… Read more »
Anonymous
8 years 26 days ago

“Maybe a little too smug for my liking, kind of reminds me of living in Boston or DC. ”

I never heard of downtowm Miami described as smug… what would you mean by that.

Anyway, alot of the interesting areas in Boston and DC cater to the heavily educated grad student/YUP crowd. There really is nothing like that in Miami and certainly not downtown.

Anonymous
george
8 years 26 days ago

..think your chances of finding the cambridge/boston ambiance and intellectual brio-if that survives in this climate -might be the grove..but not in downtown..

way back when in the BC days-Before Condos- the Grove had an artsy fartsy sense with neat small cafes galleries sorta like cambridge in the 1970s, the west village nyc before it was overrun with drugs. and georgetown area of dc…

now grove seems less artsy and more Big Name chain stores-don’t know if the old time grove characters just gave up and left after these changes.

Anonymous
bc
8 years 26 days ago

Lucas –
As much as I think 10 Museum is a horrible building throughout the entire design, didn’t the penthouses have private pools up top? I know 2 did. That probably drove that high price.

Anonymous
dlr
8 years 26 days ago
Have you actually been in 900? I have, and so has Lucas….don’t you remember his blog saying it was the finest of all the new developments he’s seen in several years???Living at 900 with a future Museum Park, a future Miami World Center, a future Island Gardens Megayacht marina, walking distance to all concerts/ Heat games/ Performing Arts center….Who wouldn’t pay extra for this? I like to live in an area with a future….the city of Miami will not let this area go to waste…they won’t make themselves look bad and let the Arsht Center die…they have a MAJOR investment… Read more »
Anonymous
dlr
8 years 26 days ago

By the way, Lucas, I agree with a previous poster that these pics don’t do 900 justice….wish you could comment about your current thoughts regarding the building.

Anonymous
teepee
8 years 26 days ago

Re: the parking at the Plaza. The $200 per month is for VALET of a second car – you can’t even rent a second spot that you can park yourself. Otherwise, you have to park in a different building, or on the street. They are also charging for valet now too, for guests.

Anonymous
The Ace
8 years 26 days ago

Hang tough or hand fire the smart money don’t need no aggravation, hang tough at $125.00, hang tough at $125.00 or hang fire.

The smart money.

Anonymous
Richard
8 years 26 days ago

I can remember when THE penthouse was the whole top floor not the top 5 floors with 3 or 4 “penthouses” per floor. I also remember when a new building didn’t necessarily mean luxury building. That said, the 900 penthouse floor plan and views are fantastic in my mind–except for part looking in windows next door

Anonymous
la la
8 years 26 days ago

bc,

The self-coined “rock-star architect” that designed 10 Museum Park is going to be very hurt that you don’t like his design.

Anonymous
8 years 25 days ago

Jane Q Renter

Jane unless you want to go into the residential north grove or south grove stay away from Coconut Grove- The Grove curled up and died about 10-12 yrs ago or more. The center Grove from thursday thru sunday becomes at night a drunken frat boy party from UMiami guys. From soeone whose been there and done that. If you dontwant something too edgy try either downtown brickell or a great alternative is the Roads Area close in but not in the middle with a great location and great value. Good Luc.

Anonymous
8 years 25 days ago

Had a nice chuckle with the brain renter tom who rents in Sunny Isles- the $600-$700 per sq foot – the ambiance is about as attractive as visiting a hog farm strip malls no sidewalks you are on the beach bu theres no reason aside from the beach that that makes you want to leave your apartment- not to mention the age requirements for Sunny Isles. Hilarious.

Anonymous
HSM
8 years 25 days ago
Lucas, Have been reading your blog for about one year. Moved here from NYC. Your site greatly helped me with my finding the right condo in Miami. Thank you. I bought in Ten Museum Park. I LOVE IT. Amazing architecture, stunning water views and deluxe finishes. A pool deck that could rival any other in Miami, SOBE, wherever. Valet Parking: Love it!!!! Just call down. When I arrive, the car is waiting for me. Who wouldn’t like that? When entering the building, I just walk away from the car. DOWNTOWN: Anyone who thinks downtown will not be the place to… Read more »
Anonymous
8 years 25 days ago
If you have to buy now then you have to buy now. If you don’t have to buy now then it’s prudent to wait because: 1) It looks like condo prices are still falling with a tremendous amount of inventory finally coming online in the next 6 months 2) It appears lending has gotten distinctly tougher over the past 6 months ago so people trying to close in the near future or even wanting to buy a distressed resale might have a much tougher time. 3) Most of the people who bought downtown condos pre-construction were flippers and most of… Read more »
Anonymous
Visionary
8 years 25 days ago

Kramer,

My e-mail address is hardym@directbox.com

Anonymous
dlr
8 years 25 days ago

Question for HSM…
Congrats on your unit at 10 Museum….any news on the Clinique Spa???? And how did your gym turn out??? Are they finished????

Anonymous
jcrimes
8 years 25 days ago

HSM
quality of life? in downtown miami? you friend, are quite witty.

Anonymous
Julian
8 years 25 days ago

Not my cup of tea as an area – and the price seems a litle overegged But, the prospect of $50-60k a year in property tax/HOA just makes it laughable

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