Introducing Onda in Bay Harbor – an 8-Story Tower to Begin Construction This Year

‘Onda’, the Italian word for ‘wave,’ will be the newest luxury 8-story condominium tower on the shore of Bay Harbor Islands. Designed by award-wining architect Bernardo Fort-Brescia, Onda will be harnessing Italian-styled finish by Valerio Morabito and Ugo Colombo.

Featuring 41 units throughout 8 floors with private and semi-private elevators, this boutique building is located on a small island next to Bal Harbor with exceptional views of Sunny Isle.

BUILDER AND ARCHITECT INFORMATION

• Developers: Ugo Colombo and Valerio Mortabito
• Interior Design: Carlo y Paolo Colombo
• Architect: Bernardo Fort-Brescia

CONDOMINIUM CHARACTERISTICS

• 2 Bedroom + den (1,809 square feet) to 4 bedroom + den (3,523 square feet)
• 4 penthouse options
• Spacious terraces available

BUILDING FEATURES:

• Private Marina with 12 boat slips

PRICING

• Price ranges from $1.7 million to $8 million
• HOA is $1.29/sf
• Deposit Breakdown:
  • 10% with Reservation
  • 10% at Contract
  • 10% at Ground Breaking
  • 10% at Top Off (summer 2022) /
  • 60% at Closing

The groundbreaking for this project is expected to begin in Q4 of 2021 and the construction is estimated to be complete Q1 of 2023.

Ugo Colombo is also the premier builder for Brickell Flatiron, Santa Maria, Epic, Bristol Tower, and Grovener House. We are excited to see what this new project has in store!

Luxury Condo Rentals are Slim Pickings as Inventory Runs Dry

As the wealthy continue to pour into South Florida in an effort to escape cold weather and severe lockdowns, Miami is seeing its inventory of luxury condo rentals dwindle to shockingly low levels. Below is a list of 48 luxury condominium buildings located throughout Miami-Dade County that are known to have large floor plans. Of the 48 buildings, 23 of them have zero units available for rent, 15 have just one, and 12 have only two. That’s just a total of 39 rental units across 48 luxury buildings.

Earlier today, an agent on my team went to submit a full-price offer for a unit that had been listed for rent just yesterday. However, by the time she did, it was already gone. Within the first 24 hours, the listing agent had received 7 offers, 3 of which were full-price offers and one that was $300 above the asking price. It’s that type of rental market right now, and there’s no sign it will let up any time soon. By the end of this year, less than 450 new luxury condos will be delivered throughout Miami-Dade County, and who knows how many of them will hit the rental market (100 units from Elysee in Edgewater, 154 units from Turnberry Ocean Club in Sunny Isles Beach, 71 units from 57 Ocean in Miami Beach, 59 from Monad Terrace in South Beach, and 61 from Aurora in Sunny Isles Beach).

I never thought I’d say this, especially after the last two overdevelopment cycles, but “build, baby, build”. New inventory can’t come soon enough. With more and more financial and tech companies relocating to Miami and large corporations announcing they will continue allowing their employees to work from anywhere in the world even after the pandemic is over, Miami is well-positioned for solid price appreciation for at least the next three to four years.

Miami’s First 1,000-Foot-Plus Tower-Waldorf Astoria Residences Miami – Expected to Launch Soon

Waldorf Astoria Hotel & Residences Miami – located at 300 Biscayne Boulevard – will be Miami’s first supertall building at 1,049 feet high (a supertall building is defined as one that is between 984 and 1,969 feet high). Furthermore, rising 100 stories, Waldorf Astoria Hotel & Residences Miami will be the tallest residential skyscraper south of New York. The current tallest tower is Panorama Tower at 85 stories and 868 feet high. Waldorf Astoria Residences Miami will include ground-floor retail; 400 ultra-luxe condo residences, and a 140-key, 5-star hotel operated by Waldorf Astoria.

Developer Information:

• Developers: PMG – Property Markets Group & Greybrook Realty Partners
• Interior design firm: BAMO – www.bamo.com
• Architect: Carlos Ott (conceptual artist) with Sieger Suarez

Condominium Options:

• Fully finished and furnished studios 
• 1, 2, 3 and 4 bedrooms – fully finished private residences
• Private elevator
• Unobstructed views
• Residences 10” floor-to-ceiling windows
• PH 12″ ceiling
• Wolf Sub-Zero, High-End kitchen appliance package 
• TOTO washlets 
• Dornbracht & Duravit bathroom fixtures, features & accessories
• ‘Smart Building’ technology linked to the concierge service

Tower Distribution:

• 3rd Level –  Condominium lobby
• 5th level – Hotel Signature Restaurant and Peacock Alley
• Level 7 to 16 – Hotel guest rooms and suites
• Level 17 – Hotel function spaces, main ballroom, junior ballrooms and multi-purpose function space
• Level 19 – Hotel lounge bar, meeting and boardrooms 
• Level 21 – Hotel pool deck with café and signature F&B 
• Level 23 and 24 – Spa and fitness
• Level 26 to 31 – Hotel guest rooms and suites
• Level 31 to 32 – Private residential amenity level; pool deck
• Level 34 to 85 – Residential condominium
• Level 86 to the top – Penthouse level

Payment plan:

• 10% deposit at contract
• 10% deposit in 6 months
• 10% deposit groundbreaking (6% commission – 100% paid here)
• 10% deposit one year after groundbreaking
• 60% deposit at closing
• HOA – $0.80 per square feet
• Rental terms – minimum 3 months only twice a year

Construction for the state-of-art Waldorf Astoria Residences Sales Center is expected to be complete and open on March 15, 2021.

Take a Look Inside Miami’s Most Exclusive and Expensive Penthouse For Sale at The Estates of Acqualina for $59 Million

Welcome to the Palazzo Di Paradiso in the Boutique Tower at The Estates at Acqualina! Listed at $59 Million, this unique penthouse features over 17,000 square feet of flawless architecture, remarkable 360-degree water views, and 2,500 square feet of outdoor living space. It is the most expensive penthouse/condo for sale in all of South Florida by $20 million.

This two-story penthouse boasts up to 9 bedrooms, 10.5 bathrooms, and 21-foot-high ceilings throughout, and a private 4-car air-conditioned garage. The 2 private pools, one cantilevered over 600 feet of sand. The guest suite features 1 bedroom with a full-kitchen perfect for guests!

This is truly a unique and rare listing because it is entirely customizable and full furnished by Fendi, Baccarat, Bugatti, and Trussardi.

Not only is the penthouse unique but the building amenities are exclusive and cutting-edge!

Building Amenities:

• Ice-skating rink
• Golf simulator
• Wall Street Trader’s Clubroom
• Cigar Lounge & Billiards room
• Teen game area
• AcquaFit Fitness & Wellness Center
• Wine Room
• Private poolside cabanas
• Bocce court
• Basketball Court
• Sculptured art gardens
• Outdoor pool table
• Meditation areas
• Bowling alley with 4 lanes
• Formula One racing simulator
• Movie-screening theater
• Children’s play area
• Relaxation lounge
• Speakeasy Disco
• Zero-entry, infinity-edge and adults-only pools
• FlowRider® surfing simulator
• Soccer field
• Walking and jogging trails
• Dog park
• Gazebos

In the Boutique Tower, there are also 4 restaurants:

• Avra
• IL Mulino
• Costa Gril
• Ke-uH

According to Michael Goldstein, President of Sales, explains, “Our aim was to make this a total turnkey, effortlessly elegant home, and save the buyer a year of decorating.”