Inside The Estates at Acqualina’s $16.675 Million Casa D’Oro

Estates at Acqualina Casa D Oro 01

It is dubbed as the “gold standard of single-family condominium residences” and boasts 11,605 total square footage of living space (8,870 interior square feet of interior space plus 2,735 square feet of terrace area) on the top two floors of the ultra-luxury Estates at Acqualina in Sunny Isles.

The layout offers a dramatic entry from a private elevator to the 50th floor and a dramatic foyer with 10 foot double doors leading into the living areas. All of the entertaining areas and two guest bedrooms are on the main level with the main family living quarters on the upper level including four additional bedrooms.

On the ground level terrace, you will find a private pool, sauna and garden area overlooking the Atlantic Ocean. The massive entertaining area features an open kitchen, living, dining and breakfast area with sweeping ocean views.  The buyer will have a choice of marble or wood floors throughout, including on the terraces and the master baths are cloaked in onyx walls. The his and her’s dressing rooms are finished with suede or leather finishes.

Here is a preview of the $16,675,000 floor plan and renderings of the finished product, that is expected to break ground later this year and be completed in 2019.

Estates at Acqualina Casa D Oro Floor Plan 01Estates at Acqualina Casa D Oro Floor Plan

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The Estates At Acqualina Prepares To Begin Construction

Karl Lagerfeld Miami

Karl Lagerfeld Acqualina Lobby

Using the same strategy that they used to acquire the land for Sunny Isles’ Mansions at Acqualina, developer Jules Trump (no relation to Donald) has initiated the auction process on the development site for The Estates at Acqualina, according to an update from their sales office.

On June 1, the process was initiated to acquire the final parcel of the development site, which is already 96% owned. The process should be complete by the end of the summer, making way for demolition of existing structures and construction commencement late in 2017.

The Estates at Acqualina is the latest of the ultra-luxury Acqualina projects including The Mansions at Acqualina and their debut property, Acqualina in Sunny Isles. The Estates at Acqualina will boast an elegant lobby designed by Karl Lagerfeld and a four story amenity plaza dubbed “Circus Maximus”. The amenities will include everything imaginable including a restaurant, cinema, bowling alley, golf and racing simulators and even an ice skating rink… in Miami. Beachgoers will enjoy a 500 linear foot private beach with cabanas and service from the onsite restaurant.

The 154 residences in the South Tower range in size from 2,910 to 6,500 square feet and are priced between $4 million – $39 million. The South Tower is set for completion in 2020, with the North Tower commencing at a later date. Check out this video that details all of the amenities. They really spare nothing.

The Estates At Acqualina Unveil Lobby Design By Karl Lagerfeld

Karl Lagerfeld Miami
Karl Lagerfeld via Estates at Acqualina

Karl Lagerfeld via Estates at Acqualina

Karl Lagerfeld, the head designer and creative director of the fashion houses of Chanel and Fendi as well as his own label, has also designed the lobbies for The Estates at Acqualina. This week he unveiled the design for the first of the two towers. The second tower has been placed on hold due to market conditions. A press release from the development read:

SUNNY ISLES BEACH, FL (December 7, 2016) – The Estates at Acqualina, the new highly anticipated $1.5 billion residential development, today reveals a rendering of Karl Lagerfeld’s lobby design for its ultra-luxury residential development in Miami’s Sunny Isles Beach, on the grounds of the Forbes Five Star and AAA Five Diamond Acqualina Resort & Spa on the Beach.  The rendering is for the lobby of the South Tower, also known as 777 Via Acqualina, scheduled to be completed in 2020.  A second North Tower, with a different lobby also designed by Karl Lagerfeld, is planned to be completed as well. The Estates at Acqualina is the first condominium project in the United States to involve the iconic designer.

“The lobbies of The Estates at Acqualina will ‘set the stage’ for the most prestigious and fashionable address in America,” said Jules Trump, developer of The Estates at Acqualina. “You will find precious and rare materials, delicate craftsmanship, unerringly and sophisticated style. You’ll also find unexpected and whimsical details that bring a frisson of excitement and delight. This is one of Mr. Lagerfeld’s supreme talents, knowing how to create in a way that is both timeless and of-the-moment all at once.”

Karl Lagerfeld’s vision for both lobbies blend both classical architecture and contemporary art. For the South Tower, photographic images of Roman fountains and arches – taken by Karl Lagerfeld himself – will be etched into larger-than-life wall panels, ceiling screens and skylights. These images, along with a spectacular working fountain at the center of the lobby, reverberate the expansive oceanfront views that surround The Estates. They also evoke a traditional Roman piazza, which, like the lobby, also functioned as a communal gathering place for residents.

A color palette of cerulean blue, white, silver, and gray, with pale pink hues is a nod to the Miami locale of The Estates. The floors will be hammered metal inlaid with one-of-a-kind rugs, fashioned from mosaic tile as a unique twist.

“Lobbies serve two purposes – they are the first impression of a building and a common living room for socializing.” said Karl Lagerfeld.

Construction for The Estates at Acqualina will take place in two phases beginning in late 2017. Phase I will include the South Tower, featuring 152 units, and Villa Acqualina, a 45,000-square-foot residents-only amenity complex. Villa Acqualina will offer guests luxurious and unprecedented amenities including a Circus Maximus, bowling alley, a spa and fitness center, a speakeasy and a world-class restaurant with unobstructed views of the Atlantic Ocean. The North Tower, also known as 888 Via Acqualina, will be constructed in Phase II and offer 92 units. In total, The Estates at Acqualina will feature 244 units.

When complete, each estate in the sky will be delivered furniture ready, and equipped with the finest appliances, imported stone countertops, smart-home technology and soaring ceilings. Most master suites will boast his and her bathroom suites with imported onyx countertops and walls and marble floors, a steam mist shower, a free-standing tub, an ocean-view shower and elaborate his and her dressing rooms.  The Estates’ 5.6 acres of grounds and gardens will boast lush landscaped gardens, multiple infinity pools, a FlowRider® for surfers, a basketball court, a bocce court, a dog park, soccer field, a beachfront restaurant and 502 feet of Atlantic oceanfront with Five Star beach and pool services. 24-hour valet, 24-hour security services, a full service resident concierge and a house Rolls-Royce will also be available.

Those who purchase at The Estates will have access to the neighboring Forbes Five Star and AAA Five Diamond Acqualina Resort & Spa, TripAdvisor’s Top-Rated Beachfront Hotel in The Continental United States and Andrew Harper’s #1 Beach, Spa and Family Resort in the World.  Residents will be able to take advantage of luxurious, personalized services from the hotel including daily housekeeping, in-room dining, children’s programming, nanny and child care services, pet care, dry cleaning and laundry services, limousine service, ESPA Spa access and gourmet dining at two restaurants, Il Mulino NY and AQ by Acqualina.

Residences at The Estates at Acqualina are priced from $3.8 – 9.5 million to $29 million for penthouses.

What do you think of the design? Haute or not?

Karl Lagerfeld Acqualina Lobby

4,400 Square Foot Luxury Condominium at Acqualina in Sunny Isles Beach to be Auctioned

Acqualina in Sunny Isles Beach

A remarkable 4,400 square foot 3 bedroom/2.5 bath condo at Acqualina is set to be auctioned February 12, 2011.  The flow-through unit offers unobstructed views of the Atlantic Ocean to the east and of the Intracoastal Waterway to the west from the 38th floor.  The unit will be sold furnished along with advanced technology features such as a Crestron system and remote controlled window treatments.  The luxury condo is a private residence, not a condo-hotel unit, but is still afforded all of the building amenities such as 24-hour security, 24-hour valet parking, 3 pools, room service, housekeeping, 20,000 square foot oceanfront spa and 2 restaurants.  Previously offered for over $5.4M, the property will be auctioned to the highest bidder at or above $3.3M.

Acqualina Ocean Residences & Resort is located at 17885 Collins Avenue in Sunny Isles Beach.

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Two Recent Luxury Beachfront Condo Sales

Two luxury beachfront condos closed within the past two days. The first, located at Continuum South Tower, closed yesterday for $6,750,000, or $1622 per square foot.  The 3 bedroom/3.5 bath condo is located on the 18th floor and has 4,161 square feet of interior. Not my taste at any price but I’m sure there’s someone out there who appreciates this type of decor.

The second condo sale took place at Acqualina in Sunny Isles Beach.  The sales price was $4.8M, or $837 per square foot, for a penthouse located on the 46th floor.  The unit has 4 bedrooms, 5 full baths and 2 half bath with 5,735 square feet of interior and 1,990 square feet of exterior.

5 Highest Condo Sales Closed in January 2010

The following are the 5 highest condo sales in Miami-Dade County that closed in January 2010 through the MLS:

  • Acqualina PH4501 – 5 bedroom/6.5 bath (6,353 square feet) – This penthouse sold for $4,700,000, or $740 per square foot, on January 27, 2010.
  • Continuum South Beach North Tower #TH6 – 4 bedroom/4.5 bath (2,901 square feet) – This townhouse sold for $3,482,400, or $1200 per square foot, on January 29, 2010.
  • Santa Maria #3805 – 4 bedroom/3.5 bath (4,030 square feet) – This unit sold for $2,700,000, or $670 per square foot, on January 4, 2010.
  • Asia Brickell Key #1903 – 4 bedroom/5.5 bath (3,813 square feet) – This unit sold for $2,288,000, or $600 per square foot, on January 15, 2010.
  • Grovenor House #2601 – 4 bedroom/6 bath (4,026 square feet) – This unit sold for $2,190,000, or $544 per square foot, on January 15, 2010. mich

Ten Recent Multi-Million Dollar Condo Closings in Miami-Dade County (Past 6 Months)

Continuum South Tower penthouse

The following are the 10 highest luxury condo sales that have closed in Miami-Dade County within the past six months:

  1. Continuum South Tower – Penthouse 1 – 5 bedroom/7.5 bath (7,374 square feet) – This penthouse sold for $9,900,000, or $1,343 per square foot, on May 15, 2009.  It was listed for $14,950,000.
  2. Apogee South Beach – Unit 1104 – 4 bedroom/5 bath (4,154 square feet) – This condo sold for $6,000,000, or $1,444 per square foot, on May 4, 2009.  It was listed for $6,800,000.
  3. Apogee South Beach – Unit 1404 – 4 bedroom/3.5 bath (4,154 square feet) – This condo sold for $6,000,000, or $1,444 per square foot, on June 17, 2009.  It was listed for $6,800,000.
  4. Apogee South Beach – Unit 1201 – 4 bedroom/3.5 bath (4,154 square feet) – This condo sold for $5,450,000, or $1,312 per square foot, on July 23, 2009.  It was listed for $5,750,000.
  5. One Bal Harbour – Unit 2008 – 4 bedroom/4.5 bath (5,266 square feet) – This condo sold for $5,200,000, or $987 per square foot, on September 29, 2009.  It was listed for $6,299,000.
  6. Acqualina – Penthouse 4506 – 5 bedroom/6 bath (6,419 square feet) – This penthouse sold for $4,999,000, or $779 per square foot, on August 2, 2009.  It was listed for $7,900,000.
  7. Apogee South Beach – Unit 1101 – 4 bedroom/3.5 bath (4,154 square feet) – This condo sold for $4,800,000, or $1,156 per square foot, on July 30, 2009.  It was listed for $4,999,990.
  8. Ocean Tower I – Unit 401 – 4 bedroom/5.5 bath (5,403 square feet) – This condo sold for $4,600,000, or $851 per square foot, on June 9, 2009.  It was listed for $5,490,000.
  9. Apogee South Beach – Unit 1902 – 3 bedroom/3.5 bath (3,103 square feet) – This condo sold for $4,300,000, or $1,387 per square foot, on September 30, 2009.  It was listed for $4,975,000.
  10. Oceanside at Fisher Island – Unit 7161 – 3 bedroom/4.5 bath (3,959 square feet) – This condo sold for $3,950,000, or $998 per square foot, on June 1, 2009.  It was listed for $4,500,000.

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.