Luxury Penthouse at Marquis – Part 2

September 17, 2009 by Lucas Lechuga

The tour continues on the lowest level of the 4-story luxury penthouse at Marquis.  Of the four floors, the lowest level is the most spacious with 3 bedrooms, 3.5 bathrooms, a den with a large terrace, and a laundry room with side-by-side front-loading washer and dryer.  I got a kick out of the three full-sized circuit breaker panels.  I don’t think I’ve ever seen a condo with more than two.

The next two levels of this luxury penthouse are the most impressive of the four floors so stayed tuned.

In case you missed part 1, click on the link below before continuing any further.
Part 1 – Luxury Penthouse at Marquis

Marquis terrace

sitting area

corner view north

Marquis luxury condo

bathroom

walk-in closet

second bathroom

Third bedroom

third bathroom

closet

penthouse laundry room

Circuit breakers

Leave a Reply

75 Comments on "Luxury Penthouse at Marquis – Part 2"


Sort by:   newest | oldest | most voted
Anonymous
Jason Nadrowski
7 years 12 days ago

Lucas, let me be the first to say nice picture of the fuse boxes. There sure are a lot of them.

In all honesty, I really do appreciate the photos of this unit. They don’t usually make 8000 sq ft condos.

Anonymous
ADD
7 years 12 days ago

Hey Lucas,

What is going on over at Icon Brickell, did they have a sale??? 200 sq/ft?????

Anonymous
7 years 11 days ago
Great views and size but looks like an awkward layout. No terrace off of main living area….not good for entertaining. I am sure rooftop and lower terraces are nice, but much nicer to open sliders in living area for a party on a cool night. Terrace on lower level is semi-private as there is a semi-transparent divider with condo next door….not cool for $8 Million. Also, the space seems very cut up with differing ceiling soffits and odd structural beams, and weird room shapes….not elegant space. I found all of the layouts in Marquis to be very poor with wasted… Read more »
Anonymous
southbeachsand
7 years 11 days ago

Excellent pictures.

Do you have any pictures of the common area pool? I’m wondering if the main pool areas will be big enough for the remainder of those units (people not fortunate enough to have their own private rooftop pool!)

Anonymous
Renter Tom
7 years 11 days ago

Looks like great unit on an ultra high floor. Fun, but at a price. Oddly, why bother putting in a washer and dryer at this price point when new owners would maybe want to pick out their own….can’t be a code thing can it? The railings I understand, you can rip them out and give them to someone that lives 1800 Club since I’m sure they would love to have something this level of quality not found in their ghetto.

Anonymous
Renter Tom
7 years 11 days ago

By the way, an interesting read…..

“Fed: Household Net Worth Off $12.2 Trillion From Peak”

http://www.calculatedriskblog.com/2009/09/fed-household-net-worth-off-122.html

That will have a big impact on large dollar items which includes real estate. The graphs are striking including the last one which shows how levered up households remain. The U.S. mortgage debt is over 60% of GDP (way way way up from the past norms) and household values jumped and have come way down (more to go) but the debt levels stay high….that has consequences…consequences that have NOT unfolded yet. And they aren’t positive consequences.

Anonymous
BillP
7 years 11 days ago

Is this unit a combination of two duplexes or was it initially designed with four levels? The design of the units in this building is inherently inefficient but that is the design compromise of giving all units a bay view.

Anonymous
Kramer
7 years 11 days ago

Im going to have to pass on this unit. No Bidet in the bathroom pics – unless they are located on the next level which means an elevator ride away just to clean your rear end. Or as AJ recommends buying a squirt gun attachment from Thailand but OMG what were they thinking.

Anonymous
Lara
7 years 11 days ago

Kramer, you have an amazing sense of humor. Made me laugh! Great comment!

Anonymous
Wild Bill
7 years 11 days ago

I would expect six months and an additional $200,000 to finish it. Not worth the time or trouble. You would have to be a bored widow to want to take on this project. In ten yours you will have spent an additional million in maintenance fees and taxes. Worst investment of the century.

Anonymous
cd
7 years 11 days ago

Icon Brickell : I know a contractor that says they are finishing units in the Hotel-Residence side and they are going to open up the second tower soon. Seems strange but I know he has workers in the hotel finishing the units. One BIG rental building.

Anonymous
BMW M3
7 years 11 days ago

I inquired about renting at ICON Brickell and let me say what a joke. NO SHOWER DOORS FOR RENTERS. WIRE CLOSETS. CHEAP CARPET. INSANELY HIGH ASKING RENT PRICES. They are trying to lower rent without lowering it (ie 1 month free rent). That way they can claim someone is paying 1600 for a studio when in reality they’re paying 1450.

Anonymous
BMW M3
7 years 11 days ago

Also, I have to say, they layout is totally retarded in this place. What is up with those bathrooms?! Looks like something out of a 1500/month rental!

Anonymous
BMW M3
7 years 11 days ago

the

Anonymous
kevin
7 years 11 days ago

Lucas do you have the floor plan of the PH?

The one on the website http://www.maquis-miami.com does not match the layout of the pictures taken by you.

Anonymous
Drew
7 years 11 days ago
http://www.miamiherald.com/business/story/1239041.html Tibor Hollo obviously in bed with The Miami Herald. Someone tell me what is newsworthy in this story. It is written as if it should be included in the “Special Advertising Section” of the newspaper. The article claims that Hollow will “guarantee a minimum 3% return” for his investors. Last time I checked, you can’t treat condo units as a security without licensing it as such and I highly doubt Hollo has done that. Advertising of condos as investments is considered securities fraud (see condo-hotel litigation/investigations). I am very surprised that Hollo’s group would allow the Herald to print… Read more »
Anonymous
7 years 11 days ago

who cares are we buying this unit ?? whats the point ?? prices have come down so much right ???
wheres all the condo buying ???

Anonymous
GT3
7 years 11 days ago
Drew is partially correct. These units can’t be marketed as investments without being registered with the SEC as a security. You can, however, call a condo an “investment” if it has been registered as a security. You also can guarantee returns on investments if stated guarantee can be honored (i.e., you can’t guarantee that the DJIA will return 33% this year, but you can guarantee a 3% return on a 6 month CD). In TH’s case, if he and/or his company are promoting these units as investments, they must register them as such. And if he has the funds to… Read more »
Anonymous
Drew
7 years 11 days ago

GT3, thanks for the clarification. Yes, I assumed above that the units had not in fact been registered and I doubt that they have been, though I could be wrong. You can run a filing search on sec.gov but without knowing the entity/registration name, it may be difficult to confirm whether they’ve been filed or not. I tried “Opera Tower, LLC” as that is the fee simple owner (I believe), but no hits come up.

Interesting development. Perhaps this is a potential indirect redemption for Lucas after being bullied by FL East Coast Realty a few years ago.

Anonymous
Hugo P
7 years 11 days ago
Anonymous
blowfish
7 years 11 days ago

I THINK ITS TIME FOR ANOTHER DISCUSSION/THREAD DEVOTED ENTIRELY ON ICON BRICKELL. RUMORS, STORIES, SALES, NEWS??????

Anonymous
Renter Tom
7 years 10 days ago
Interesting post from MarketWatch article….and this guy isn’t even in Florida which is worse. Got a long haul ahead of us… Moody’s bearish on housing recovery Analysts say it will take more than 10 years to recapture peak home prices http://www.marketwatch.com/story/home-prices-wont-regain-peak-this-decade-moodys-2009-09-18 Blogger comment: “I work for a bank, I’m a loan officer. This year we went from 580 minimum Fico for Government loans (VA/FHA) to 620, then to 640, soon to be 660. Appraisals now have to go through an HVCC system (on conventional loans) that are holding up closings, reducing values and costing buyers more. FHA just annouced today… Read more »
Anonymous
Joe
7 years 10 days ago

I live at Marina Blue and management sucks. They kick Flo-Rida out of Blue and let him move into Marina Blue. Nice job Castle Management! Thanks for thinking about your owners. Shit in Shit out!

Anonymous
jcrimes
7 years 9 days ago

i took a walk around paramount bay today. it’s hard to understand the sheer size of the project until you get up close. it is huge. it looks nice but…it looks peculiar once you consider the surrounding neighborhood. whoever buys that note…well, damn.

Anonymous
Renter Tom
7 years 9 days ago

OK, now THIS is bearish…(Florida is an “After 2014” state):

“On a regional basis, Moody’s said hard-hit states such as Florida and California will be among the last to recover and “will only regain their pre-bust peak in the early 2030s, well after the nation does.””

http://www.marketwatch.com/story/home-prices-wont-regain-peak-this-decade-moodys-2009-09-18

Anonymous
Samson
7 years 9 days ago

This coming Monday’s issue of Barron’s contains an interesting article titled “Miami Condos: No Bottom in Sight”. I wish I could attach it as an attachment but don’t know how. In any case, the article’s bottom line: bottom fishers need to wait another couple of years – at least.

Anonymous
Joe
7 years 9 days ago

It looks like we have a new “Joe” here. Just for the record, I’m the Joe who has posted here for the past few months. The Joe in #23 who says he lives in Marina Blue is a different guy. (I’ve been very, and remain, very bearish on downtown Miami. I didn’t want anyone to think I’ve been lying.)

Anonymous
Joe
7 years 9 days ago

Samson — The actual article title is “Florida Condos: No Bottom in Sight.” The article is on the main page at Barrons.com right now, but I’m not a subscriber. If someone could cut-and-paste it here, or at least the Miami-related parts, I’m sure we’d all appreciate it.

Anonymous
Samson
7 years 9 days ago

Joe: Thanks, I stand corrected as to the title. I am a subscriber to Barrons and just emailed the story to Lucas to see if he could post it on this blog. Or I’ll email it to whatever address you can give me.

Anonymous
7 years 9 days ago

Try this link

http://online.barrons.com/article/SB125332156157424659.html?mod=BOLFeed

if it does not work google for article’s title

Anonymous
Renter Tom
7 years 9 days ago

Well, I can’t seem to post that article. But if you go online at Barrons, just email it to yourself…then you can view the whole article.

Anonymous
7 years 9 days ago
“Homeowners who ‘strategically default’ on loans a growing problem” http://www.latimes.com/classified/realestate/news/la-fi-harney20-2009sep20,0,2560658.story * Strategic defaulters often go straight from perfect payment histories to no mortgage payments at all. This is in stark contrast with most financially distressed borrowers, who try to keep paying on their mortgage even after they’ve fallen behind on other accounts. * Strategic defaults are heavily concentrated in negative-equity markets where home values zoomed during the boom and have cratered since 2006. In California last year, the number of strategic defaults was 68 times higher than it was in 2005. In Florida it was 46 times higher. In most… Read more »
Anonymous
7 years 9 days ago

“Strategic defaulter”? We need to bring back some public shame… how about irresponsible wanker?

Anonymous
Samson
7 years 9 days ago

Computer consultant: Excellent work. I wish I could’ve done that.

Anonymous
7 years 9 days ago

renter tom, these are always positive human beings, your just using facts………facts have no place in real estate, miami real estate in particular….

everyone knows what is going to happen but they must be positive, because they have skin in the game and they cant admit that prices are going lower……….the banks are with holding how many foreclosures from the books ???

whats the percentage of people that purchased in the last 3 years that will be under water ?

anyway ……keep giving them facts!!!!!!!

Anonymous
Johnny Dollar
7 years 8 days ago

RENTER TOM….I saw a post where you were talking about ARTECH in Aventura.Do you know anything at all about that project??

Anonymous
Out and About
7 years 8 days ago

I heard that the big agent on Miami Beach Kevin Tomlinson was leaving his company and starting his own company

Anonymous
Marina Blue is a Shthole
7 years 8 days ago

So many construction defects. The parking structure and ramp are so ill conceived it’s ridiculous. Security looks like mall cops compared to the stylish 900 suited guards. Gym closes at 10 pm sharp (why?!) Elevators are always dirty. Markings on walls. Filled with euro-trash. ETC

Anonymous
On the money
7 years 8 days ago

Should I buy or Should I wait??????HELP

Anonymous
Renter Tom
7 years 8 days ago

Johnny Dollar – I knew two people that moved to ARTECH in Adventura (as renters) and loved the place. But then again, they were going in as renters…..owning there, I have no idea. Owning really comes down to price, price, price…..

Anonymous
Angel
7 years 8 days ago

Post #38. I could not agree with you more. I took a long hard look at Marina Blue but ultimately decided against it for the various reasons you cited in your post. I ended up at 900 and could not be happier.

Anonymous
southbeachsand
7 years 8 days ago

Ehhh, just saw the Marquis pool decks. Horrible enclosed design and very small. High quality, just very poor layout and design.

Anonymous
Renter Tom
7 years 8 days ago

What is worse than owning a $500K condo that you don’t live in and can’t rent at a cash flow positive price? How about a multimillion dollar home that just won’t sell for years….

“There is a pipeline of multimillion-dollar properties that are underwater,” says Graham. “In most of these areas the homes aren’t selling. There’s a multiyear supply.”

Luxury real estate vultures
A Fortress Investment veteran is now at an auction house that hopes to feed off of distressed estates.

http://money.cnn.com/2009/09/15/real_estate/luxury_real_estate_vultures.fortune/index.htm?postversion=2009091809

Anonymous
Enzo
7 years 7 days ago

Seriously I think they did a terrible job for this penthouse…
– No balcony in the living room.. no view to the south and west…
– Semi private balcony on the first floor…
Come on…

Anonymous
Juan
7 years 7 days ago

Could there ever be a unit that people would not talk bad about?

Anonymous
Enzo
7 years 7 days ago

Ok Juan sure, let’s be objective then. Fantastic Penthouse… 8 millions. U have no balcony in the living room… no big deal… No view West and South…. who cares? By the way. Kitchen is in the living room. What about the smell from the cooking if you cannot open the windows?

Anonymous
Renter Tom
7 years 7 days ago

Juan here is a positives and a negatives.

Positive – this area isn’t Detroit:
http://money.cnn.com/2009/09/21/news/economy/detroit_plan/index.htm

Negative: “Florida apartment values tumbled 40 percent in a year, the report said.”

Anonymous
7 years 7 days ago

Where is the $8 million figure coming from?

Anonymous
jcrimes
7 years 7 days ago

enzo
uhh…why would you want a view to the south (TMP) or west (hialeah)? i think the developer made the right choice

Anonymous
Enzo
7 years 7 days ago

Jcrimes. Well a view to the south would be great i think. Especially at night. The penthouse is above tmp, 900 BISCAYNE and marina blue, so you would have an awesome view of down town and key biscayne. As for the west, you would have a gorgous sunset and overall have a 360 view of Miami

wpDiscuz

For Real Estate
Related Needs And Inquiries

please complete the form below

  • This field is for validation purposes and should be left unchanged.