Miami: The Paradise City

Ocean Drive South Beach

Time magazine’s portrayal of Miami has changed substantially since the Time article entitled “Paradise Lost” was published in 1981. A city once described as being infested with crime and drugs has now been replaced with imagery of a paradise city. The recently published travel-oriented piece called “Miami: 10 Things to Do in 24 Hours” provides compelling reasons for why Miami has become one of the top travel destinations in the United States.

Best Views in Miami – Part 4

I’ve saved the best for last. In my opinion, the penthouse at Marquis offers the best views of any condo building in Miami. Four Seasons Residences is a slightly taller building than Marquis but I’m definitely partial to the views from Park West, Downtown Miami and the Arts District over those offered from more southern neighborhoods such as Brickell. The fourth floor of this 4-story, 8,000 square foot penthouse has a spacious bedroom and large rooftop terrace with a dipping pool. The views are simply majestic. It’s amazing how minuscule some of the buildings look from the 66th floor. Take a look for yourself.

Be sure to also view the pictures of floors 1, 2 and 3 of this 4-story penthouse at Marquis:

Part 1 – The Largest Penthouse in Downtown Miami
Part 2 – Luxury Penthouse at Marquis
Part 3 – 8,000 Square Foot Penthouse at Marquis

8,000 Square Foot Penthouse at Marquis – Part 3

Let’s continue onto the third floor of the four-story, 8,000 square foot penthouse at Marquis Residences. The entire third floor is comprised of the very spacious master bedroom, his and hers walk-in closets and master bathroom. The master bathroom has his and hers vanity; a walk-in, glass enclosed shower; a separate glass enclosed, steam shower and a Roman soaker tub with an amazing view that clears all of the buildings within sight.

The tour of the fourth and final floor will be published tomorrow. The views from the expansive rooftop terrace are second to none!

Be sure to view the pictures of floors 1 and 2 of this 4-story penthouse at Marquis:

Part 1 – The Largest Penthouse in Downtown Miami
Part 2 – Luxury Penthouse at Marquis

Luxury Penthouse at Marquis – Part 2

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

The Largest Penthouse in Downtown Miami – Part 1

A few weeks ago, I had the opportunity to tour the penthouse condo at Marquis, a newly completed 67-story condo development in Downtown Miami. It was by far the most impressive condo that I have ever seen in Miami. The four-story condo has an astonishing 8,000 square feet of living space, 2,700 square feet of terrace, a private elevator within the unit and a pool on the rooftop terrace.

This penthouse is so massive that I decided to cover it in four different blog posts – one for each floor. The main entrance to the penthouse is located on the second level which is where we start the tour below…

Onyx on the Bay Note Purchased By Hyperion Onyx Partners, LLC

Onyx on the Bay miami condos

I learned late last week that Hyperion Onyx Partners, LLC, an affiliate of Hyperion Development Group purchased the note for Onyx on the Bay. The note was held by the now defunct Corus Bank and was acquired just days before the Chicago-based bank was taken over by the FDIC. Hyperion Development is the developer behind Marina Blue, one of the few recently constructed condo developments that have been able to close 100 percent of their units. This represents Hyperion Development Group’s first soiree into asset acquisition. Details of the transaction have yet to be disclosed.

Onyx on the Bay is a 118-unit bayfront condo development located in Edgewater Miami at 665 NE 25 Street. Condo closings began on July 31, 2007. It’ll be interesting to see at what price the unsold condos at Onyx on the Bay are priced at if Hyperion Development Group chooses to resell them immediately. There are currently 11 condos available for sale on the MLS at an average price per square foot of $368. 3 of the 11 condos are short sales. There are currently zero pending sales and a condo hasn’t closed at Onyx on the Bay in over a year. My guess is that pricing will need to be at around $175 per square foot in order for the unsold inventory to move.

Unique 2,754 Square Foot 3 Bedroom at 900 Biscayne Bay – $1.45M

Last week I visited a one-of-a-kind 3 bedroom condo at 900 Biscayne Bay. The condo has 2,754 square feet of interior, 3 large balconies, 3.5 bathrooms, a private elevator and 2 separate laundry rooms. The unit also has 11-foot ceilings which is only found on the 58th floor. Even the penthouse level units at 900 Biscayne Bay only have 10-foot ceilings. The living room, master bedroom and master bathroom are monstrous. The unit comes with 2 deeded parking spaces.

The asking price is $1.45M.

Floor plan for the 3 bedroom condo