Turnberry Ocean Colony Common Areas – Picture Tour
I was able to visit Turnberry Ocean Colony a few weeks ago and was able to shoot a ton of pictures of the common areas and of a 2 bedroom condo with a direct ocean view that I showed to a client that day. This post includes pictures of just the common areas. I’ll follow it up within a few days with pictures of the 2 bedroom condo.
Turnberry Ocean Colony is a beachfront condo development located in Sunny Isles Beach. It is one of the nicest condo developments that I have ever visited in South Florida.
Below, you will find what I believe to be the five best condo deals of the 46 distressed sales that closed in the month of May in the MLS located in Brickell, Brickell Key, Downtown Miami and the Arts District. I think the distressed condos that closed in the month of May were better deals than what we have seen in previous months.
Jade Brickell – unit 1002 – 2 bedroom/2 bath (1,529 square feet) – This unit sold for $375,000, or $245 per square foot, on May 15, 2009. Short Sale
Courts Brickell Key – unit 1909 – 3 bedroom/3 bath (1,488 square feet) – This unit sold for $350,000, or $235 per square foot, on May 20, 2009. Short Sale
Skyline on Brickell – unit 306 – 2 bedroom/2 bath (1,367 square feet) – This unit sold for $349,000, or $255 per square foot, on May 8, 2009. Foreclosure
Skyline on Brickell – unit 1512 – 2 bedroom/2 bath (1,367 square feet) – This unit sold for $305,000, or $223 per square foot, on May 18, 2009. Short Sale
One Miami – unit 3916 – 1 bedroom/1 bath (846 square feet) – This unit sold for $150,000 or $177 per square foot, on May 27, 2009. Foreclosure
Runner-ups:
The Mark on Brickell – unit 1001 – 2 bedroom/2 bath (1,200 square feet) – This unit sold for $205,000, or $171 per square foot, on May 22, 2009. Foreclosure
1800 Biscayne Plaza – unit 203 – 2 bedroom/2 bath (1,057 square feet) – This unit sold for $120,000, or $114 per square foot, on May 01, 2009. Short Sale
Cite on the Bay – unit 2213 – 1 bedroom/1 bath (795 square feet) – This unit sold for $100,000, or $126 per square foot, on May 13, 2009. Foreclosure
Publix at Mary Brickell Village – Now Open
I was told that the new Publix at Mary Brickell Village opened on June 6, 2009. Last week, I had a chance to walk its aisles. Overall, I was pleased. It’s the nicest Publix that I’ve visited in Miami but not quite as nice as the one in South Beach on West Avenue. The aisles of the Publix at Mary Brickell Village were wider than most of the Publixes in Miami. Now, they just need to add one in Downtown Miami or the Arts District. Better yet, maybe Whole Foods will change their mind again and decide to open at Met 2 when it’s completed after all.
Mary Brickell Village Picture Tour
This post is long overdue. It amazes me how many local and non-local people are still unfamiliar with Mary Brickell Village. The first restaurants at Mary Brickell Village opened towards the beginning of 2007. Since that time, fabulous restaurants, cafes and shops have opened in Brickell Miami, such as: The Oceanaire Seafood Room, Rosa Mexicano, P.F. Chang’s China Bistro, Starbucks, Grimpa Steakhouse, Balans Restaurant, Blue Martini, Abokado Sushi, Blu Pizza e Cucina and many more. The long-awaited 31,000 square foot Publix at Mary Brickell Village opened last weekend. ( I’ll have a picture tour of it published within the next couple of days.) L.A. Fitness is also scheduled to open later this year.
I think people from New York City, Chicago and Los Angeles will find the parking rates at Mary Brickell Village comical:
900 Biscayne Bay 06 Line
It’s no secret that 900 Biscayne Bay is my favorite building of all the condo developments in Miami that have been completed within the past three years. When I show properties to clients who wish to view 900 Biscayne Bay as well as other condo buildings, I tend to leave 900 Biscayne Bay last. Otherwise, everything else will look second-rate by comparison if I were to show it first. I guess it’s my “leave the best for last” mentality. 900 Biscayne Bay is in a league of its own. Building security is some of the best in Miami and the overall quality of the development and amenities is second to none. Additionally, valet parking is currently complimentary for a second vehicle as well as for resident guests. View a photo tour of 900 Biscayne Bay.
That being said, of all the floor plans at 900 Biscayne Bay, the 06 line is the one that excites me most. It’s a 3 bedroom + den/4 bath unit with 2,335 square feet of interior and 639 square feet of exterior. A few days ago, I showed unit 3006 at 900 Biscayne Bay to a client looking for a 3 bedroom rental. Below, you’ll find a photo tour of that condo as I walked throughout its spacious footprint. Notice the sizable foyer as you enter the condo from its private elevator, the top-of-the-line stainless steel appliances, deep terraces and amazing views. (Asking price to rent this unit is $4,200 per month.)
Just wanted to share some great pictures that I shot earlier today of a 2,703 square foot penthouse at Marina Blue. All penthouse condos at Marina Blue have 20-foot ceilings.
Fannie Mae Approved Condo Buildings in Florida
As of June 1, 2009, Fannie Mae updated their website to reflect the condo developments in Florida that are now approved for financing.
The following is a list of recent condo developments in South Florida that are now Fannie Mae approved:
Earlier this afternoon, I showed a 2 bedroom + den/2 bath rental at 50 Biscayne on the 54th floor. I wanted to share the pictures below with those who haven’t had a chance to visit an east facing unit at 50 Biscayne. Asking price of the 2 bedroom + den with 1,357 square feet is $2,600 per month.
Northeast view from the 54th floorat 50 Biscayne:
East view from the 54th floor at 50 Biscayne:
Southeast view from the 54th floor at 50 Biscayne:
South Florida Luxury Condo Short Sales
Currently, there is only one foreclosure condo listed in the MLS that is priced at $1M or above. That is a 3 bedroom/4.5 bath double corner unit at The Setai South Beach with 3,691 square feet of interior space. The list price is $4.2M, or $1,138 per square foot. However, there are currently 48 short sale condos listed in the MLS priced at $1M or above. Below is a list of what I feel are the 10 best luxury short sale condos that are currently available:
Aqua Allison Island #6111 – Asking $1.69M. Property was purchased for $3.15M in June 2005.
Mosaic #TH-3 – Asking $1.7M. Property was purchased for $3.2M in February 2007. Bank approved at $1.7M.
Oceanside Fisher Island #7941 – Asking $1.85M. Property was purchased for $3.9M in November 2006.
Oceanside Fisher Island #7735 – Asking $1.85M. Property was purchased for $2.4M in September 2005.
Oceanside Fisher Island #7761 – Asking $1.95M. Property was purchased for $3.2M in September 2005.
The Bath Club #1004 – Asking $1,999,999. Property was purchased for $3.5M in January 2007. Bank approved.
Turnberry Ocean Colony #2804 – Asking $2,295,000. Property was purchased for $3.27M in January 2008.
Bayview Fisher Island #5123 – Asking $2.3M. Property was purchased for $3.7M in March 2007.
Acqualina #4201-2 – Asking $2.8M. Sales history not found.
Oceanside Fisher Island #7821 – Asking $2.8M. Property was purchased for $3.92M in November 2006.
