Last week, I landed a beautiful listing at Parc Lofts. There is no doubt in my mind that this one is going to sell fast. Not only is it the best priced loft in the building, it is currently the only one priced under $300,000. The unit is an impeccably designed 1 bedroom/1 bath industrial loft with 15-foot ceilings, exposed ductwork and hard wood flooring throughout. It features an open floor plan with 757 interior square feet; upgraded lighting, a spacious closet with built-ins; and upgraded refrigerator, dishwasher and LG front-loading washer and dryer. The kitchen has polished concrete counter tops, white tiled backsplash, Italian cabinetry and stainless steel appliances. The unit includes one assigned parking space located on the ground level. Asking $275,000.
For those unfamiliar, Parc Lofts is a 72-unit industrial loft building located in the Arts District of Miami at 1749 NE Miami Ct, Miami, FL 33132. You won’t find anything like it in Miami. The building is a favorite amongst photographers, musicians and other artistic types in the area. For investors who might have an interest, you will be happy to know that units at Parc Lofts are in high demand from renters. In fact, at this time, not one single unit in the building is available for rent. There is a waiting list of renters looking to get into the building. In my opinion, this unit would rent easily for $1,800 per month unfurnished. Condominium association dues are $419.51 per month. You would be looking at around a 4.4% cap before management fees.
Below you will find more pictures of unit 409 at Parc Lofts. Please contact me if you or someone you know has an interest in learning more about this property. I can be reached on my cell at 786-247-6332 or via email at lucas@miamicondoinvestments.com.
Miami Condo Investments Free Mobile App Available for Download on iTunes and Google Play
For those new to the website, or those who might be unaware, Miami Condo Investments has its own mobile app. It is free and available for download on iTunes, for the iPhone and iPad, and on Google Play, for all Android mobile devices. I released the iPhone version back in December 2009 and followed it up with the Android version about two and a half years later in May 2012. I may be a bit biased, but it truly is an amazing app. In many ways, the real estate app was ahead of its time when I released it in 2009. It still remains as powerful as ever though and I personally use on it on a daily basis. In fact, I recently made the jump from using an iPhone to an Android phone and it was the first app I downloaded.
I would love to hear your thoughts and feedback on the app. I am hoping to release an updated version sometime in 2014 and welcome any ideas for it that you might have.
Baltus House – Related’s Latest Pre-construction Condo Development in Miami
Reservations are now being accepted for Baltus House – RELATED’s most recent pre-construction condo development. It will be located at 4300 Biscayne Boulevard – a five minute walk from the luxury shops and world famous restaurants in the Design District. Baltus House, designed by Arquitectonica, will have 167 total units across 15 floors with a mix of studios, one, two and three bedroom units. Amenities at Baltus House will include a state-of-the-art fitness center, 55-foot long swimming pool and over-sized Whirlpool, beautifully appointed clubroom and rooftop terrace with Jacuzzi and BBQ area.
Visit my Baltus House page for more details including a full-color brochure and floor plans. Contact me if you have any questions or an interest in making a reservations. The payment/deposit schedule is as follows:
10% Reservation / Now
10% Contract / July 2013
20% Ground Breaking / September 2013
10% Top Off / Spring 2014
50% Delivery / Spring 2014
Just Listed: Furnished 2 Bed/2.5 Bath at Blue Condo with Picturesque Sunset Views – $2,900/mo
UPDATE: Pending rental. Under contract in only 12 days!
The 01 line condo at Blue Condo offers bay, city and breathtaking sunset views. Yesterday, I listed a beautifully furnished 01 line there on the 18th floor. It has 1,449 interior square feet, floor-to-ceiling windows, tiled floors in the living room, carpet in both bedrooms, built-in closets, stainless steel appliances, window shades and a front-loading washer and dryer. One assigned parking space and a storage unit are included. The amenities at Blue Condo include: two swimming pools, hot tub, fitness center, BBQ area, club room, business center, concierge, security and valet parking. Most importantly, the building is within walking distance to the shops and restaurants at Midtown Miami and only a five minute drive to South Beach.
Asking price is $2,900 per month. Contact me if you have an interest in renting unit 1801 at Blue Condominium. I may be reached on my cell at 786-247-6332 or via email at lucas@miamicondoinvestments.com.
HGTV’s 2012 Urban Oasis at Paramount Bay Hits the Market for $1.25M
This past October, HGTV awarded James Walley, a lucky viewer from Texas, a posh, two-bedroom condo at the prestigious Paramount Bay. Not even two months later, that very unit has hit the market with an asking price of $1.25M. This should come as to no surprise as the winner, come April, will owe a pretty hefty tax bill to the government. The fully furnished and impeccably decorated 2 bedroom/2.5 bath condo is being sold turn-key. The unit has 1,751 interior square feet, a private elevator and resides on the southeast corner of the building offering spectacular views of Biscayne Bay, the Atlantic Ocean and the Miami Beach skyline.
For a full rundown on what this stunning condo has to offer, watch the 90-second guided tour below provided by interior designer Brian Patrick Flynn.
IconBay to Include Garage-top Tennis Courts and Watersports Marina
Rooftop tennis courts? Why didn’t anyone say anything? I’m not an avid tennis player but I wouldn’t mind partaking in a few games of tennis if they were to be held on a rooftop offering a majestic water view. Heck, I’m not even a tennis player period but I might just volunteer to be the line judge. Where do I sign up? One of IconBay’s latest renderings reveals two tennis courts atop its parking garage. It appears, however, that only one of the two courts will offer an unobstructed view of Biscayne Bay. I wonder what the wait time for that court will be. The tennis courts at IconBay will be located on the 7th floor and offer ball and towel service, filtered water stations and access to his-and-hers locker rooms. The courts will even be lighted to allow for nighttime play.
It seems that recreational activities and encouraging its residents to live a healthy lifestyle will be a central theme for Icon Bay. Icon Bay’s latest marketing piece states that it will include a watersports marina for windsurfing, paddleboarding, sailing, jet skiing and other motorized and non-motorized aquatic activities. How awesome is that?
The waterfront sculpture park will also be a distinguishing feature for Icon Bay. Featured artists will include: José Bedia Valdes, Carolina Sardi, Edouard Duval Carrié , Gary Nader and Daniel Maman. In the rendering above, notice the dog park, sculpture garden, exercise stations, play fountain and interactive sculpture along with the winding walkways and baywalk. Sounds like it will be one helluva park!
The Infinity-edge pool at Icon Bay will be accented by a snack and cocktail bar and private cabanas. Towel service will also be offered.
The fitness center and spa at IconBay will include top-of-the-line cardio and weight training equipment, sauna and steam rooms, personal trainers, yoga and Pilates classes and more.
Notice the triangular-shaped balconies on the backside of the building in the above rendering of IconBay. You also get a good shot of the two tennis courts. I must say that these latest renderings have me excited about the prospects for IconBay. It will definitely be a game-changer for the neighborhood. Hopefully the watersports marina will be open to non-residents as well.
I updated our Icon Bay building profile page to include all of the latest information that has been released including amenities and residence features.
New Rendering of Icon Bay
A new rendering of Icon Bay has been released. It provides a great shot of the proposed fountain that will reside in Biscayne Bay. The rendering also shows the Infinity edge pool which gives the illusion that the pool water flows into the bay as well as several cabanas that line the northern and southern part of the sundeck.
Reservations are now being accepted for condos at Icon Bay. Please visit our Icon Bay condos page for more information and additional renderings.
Introducing Icon Bay – Related Group’s Newest Pre-construction Condo Development
First it was Icon South Beach. Then Icon Brickell. Related Group now looks to launch Icon Bay – a 300-unit, 40-story luxury high-rise along Biscayne Bay at the eastern end of NE 28 Street. Every unit in the building will have private elevator access and will face the water. The world-renowned architectural team Arquitectonica has been contracted to do the design. The interior designer has not yet been announced but it is expected to be someone highly reputable and impressive. A waterfront neighborhood park will also be developed as part of this project. GEO Arquitectonica, the landscape designers behind Museum of Modern Art in Miami, will design the bayfront park. Pricing is in the process of being finalized but given the level of quality, I foresee pricing to be along the lines of Paramount Bay. Letters of intent are now being accepted to reserve your space in line to choose a unit when sales officially begin. Contact us for more information if you have an interest in reserving an Icon Bay condo.
3,078 Square Foot, Industrial Loft Available For Rent at Parc Lofts
Industrial lofts are extremely rare to find in Miami. Unlike major metropolitan cities in the North such as Chicago and New York City, Miami did not participate in the Industrial Revolution. Miami, therefore, did not have, for the most part, the abandoned warehouses and other industrial buildings which could later be converted into large, open lofts for residential or live/work use. Miami has had to rely on developers to bring the industrial loft concept to our city and construct it from ground up. Parc Lofts, located at 1749 NE Miami Ct in the Arts District of Miami, is one such developments. With loft sizes that reach an amazing 5,436 square feet, Parc Lofts was built with SIZE in mind. The development has only 72 total units, many of which are occupied by small businesses utilizing these lofts for live/work purposes.
With all that being said, unit 604 is currently available for rent at Parc Lofts. The bi-level loft has 3,078 square feet of interior space, 20-foot ceilings, 2 full baths, washer/dryer, a balcony spanning the length of the unit and comes with 2 assigned parking spaces. The asking price is only $3,950 per month. I dare you to find a space of this size in Greater Downtown Miami for less than $1.28 per square foot, especially one that will accommodate live/work situations. Parc Lofts also has a pool, hot tub and fitness center.
For those interested, please call me at 786-247-6332 or email me at lucas@miamicondoinvestments.com.
Paramount Bay Update
Earlier this afternoon, I was in the neighborhood so I decided to stop by Paramount Bay to get an update on pricing and availability and also to check on the progress that has been made to the common areas. The amazing news is that Paramount Bay is now 69% sold. That’s a remarkable feat given that the common areas were (and presently still are) a work in progress when sales launched on November 7, 2011. Early buyers were rewarded generously, however, for believing that current ownership would deliver a building with common areas of superb quality. There have been several price increases since November and, after touring the building today, I can tell you that early buyers made a very wise decision. Contractors have worked earnestly on the common areas since November and prices have adjusted accordingly as completion approaches 100%. From what I saw today, Paramount Bay is shaping up to be one of the finest condominium buildings in all of Miami.
I also discovered that there are two penthouses still available for sale at Paramount Bay. Both have 4,437 interior square feet along with 736 square feet of terrace. One is located on the 45th floor and currently is being offered at $3,685,900 while the other is located on the 46th floor and is asking $4,001,900. Below, you will see the price ranges that currently exist for the various floor plans at Paramount Bay. Keep in mind that pricing is expected to increase as the common areas near completion.
