This time of year brings one of our favorite events to Miami. The Miami Open runs from March 19-April 1 this year, and to commemorate it, let’s have a look at our favorite buildings in the greater downtown area that have tennis courts!
If living in a brand-new condo is important to you, there are several in the pipeline. Key International’s 1010 Brickell is slated to open within a few weeks. They have an indoor tennis court and 3 remaining presales starting at $950,000. All are 3 bedroom layouts. There is one resale unit on the market so far. SLS Lux is also on track for completion this fall/winter. They have only four penthouses remaining that have recently been repriced.
In Downtown, Paramount Miami Worldcenter is going to bring every amenity imaginable to their mega-project. They are about 60% sold and have residences priced at an average of $750/square foot. Because of their strong sales figures, they were recently able to secure the second largest construction loan in this build cycle. They are currently in vertical construction and should deliver keys at the end of 2018.
If you’re looking for something sooner, you could head up to Edgewater and check out Biscayne Beach. They have 2 tennis courts over their parking deck and a bayfront beach club. They have 5 remaining presale opportunities, and we will be listing an amazing high floor 3 bedroom on the southeast corner.
For people who are looking for an integrated community, I would suggest the waterfront Paraiso complex. There are five residential sections to the complex, totaling 1400 units. Paraiso Bayviews is the most affordable section, with remaining inventory starting at $470k (as of today). They just passed the 42nd floor of construction and should be ready by the end of this year. Paraiso Bay was the first of the towers to open sales. They are currently all sold out and on track to open this summer. GranParaiso is the most luxurious of the towers. It will be finished in Spring of 2018 and has 2 bedroom residences starting at $1 million. One Paraiso is the sister building to Paraiso Bay. They have 3 remaining penthouses, starting at $1.9 million. Aside from the towers, there is also a small enclave of bayfront beach homes. There are only 8 in total and 1 remains at $2 million.
Hyde Midtown is going to be the first project in Midtown to offer a tennis court for residents. They recently topped off at 80% sold. Their prices start in the mid $400,000’s and the rooftop penthouses start at just $735,000! The penthouses have rooftop terraces as well.
Come back tomorrow and we can take a look at the existing buildings who also offer tennis courts!
The highly anticipated Biscayne Beach is preparing to open!
The sand has been delivered, the pools are being filled, the tennis courts are installed and the closing letters are being sent. That’s right, the highly anticipated Biscayne Beach is preparing to open! The developer’s title company has reached out to clients in order to start preparing for closing. As is typical, they will close the cash deals first to give some time to the buyers who are financing to line up their loans.
There are a few finishing touches being added before the TCO is delivered. The ground level pool already has water, but the upper level one does not. We haven’t been able to preview the amenities yet, but hope to schedule something soon. From the looks of the exterior and the fact that the title company is rounding things up, I imagine that the indoor amenities are also nearly finished. The interior design is by Thom Filicia, who you may remember from Queer Eye For The Straight Guy.
When it opens (we’re anticipating next month), the building will offer a full-fledged beach club on the bay. They will have 2 tennis courts, basketball courts, beach and pool cabana service, a beach/pool club bar, an outdoor fire pit, beach volleyball, jet ski and kayak rentals, library, theater, and pool tables.The lobby of Biscayne Beach includes a fine dining restaurant, beauty salon, and art gallery for guests and residents. The list goes on and on.
There are 399 total apartments with layouts ranging from one to four bedrooms plus den options, as well as exclusive penthouses with private rooftop garden terraces. All units will include floor-to-ceiling glass windows, oversized balconies, and sweeping views of Biscayne Bay, Miami Beach and the city skyline.
Something that I love about Biscayne Beach condos is that it is within close proximity to both causeways which travel to and from Miami Beach. The tower is also within 10 minutes of the Design District, Midtown Miami, and the American Airlines Arena, home of the Miami Heat. It really is a central location, but still very private.
We are preparing to list a lovely 2,103 square foot corner apartment on a high floor. It has 3 bedrooms, a den, 4 full baths and is a corner unit. The southeast corner offers south views of the skyline as well as east views of the bay and Miami Beach (the best view offered).
The plan has a private elevator and all of the rooms are very spacious. The living room is 21feet by 20feet, the master bedroom is separated from the rest of the apartment to offer it’s own skyline and beach/bay views, and there are enormous his/hers closets. Even the den is over 18 feet by 12 feet, making it actually big enough to be a separate bedroom (not like the dens in some other buildings that could be converted into closets).
Because the seller has not yet closed, we are not permitted to disclose the price. We can however, promise that it will be priced to sell quickly. Reach out if you’d like more details. In the meantime, feast your eyes on our latest drone video of the project, and the floor plan we’ll be offering below.
07 Line Floor Plan:
Edgewater’s Elysee Prepares For Groundbreaking
Site work has begun at Elysee, the new super-luxury boutique development in Edgewater. Groundbreaking is scheduled for the second quarter of this year, so just a couple of months away.
In order to prepare, the 124-foot-long seawall must be replaced and initial test pilings must be installed. Construction of the seawall should take approximately eight weeks, according to John Moriarty & Associates of Florida, who is the general contractor that was selected to construct the 52 story tower. Upon completion of the seawall, the construction team will then conduct pile load tests over the next four weeks, allowing them to move on to the production of piles, pouring the concrete foundation, and commencement of the vertical building structure.
With only 100 half-floor and full-floor residences, the 57-story boutique-style tower will include three- to five-bedroom units measuring between 2,300 and 4,000 square feet in size. Unit prices range from $1.3 million to $10 million, and up to $14 million for penthouses.
Elysee marks the second East Edgewater tower for developer Two Roads Development. The firm is slated to deliver its Biscayne Beach project, a 52-story luxury condominium located nearby at 2900 NE 7th Avenue, later this month.
Designed by architect Bernardo Fort-Brescia of Arquitectonica, Elysee’s distinct three-tiered telescoping shape will provide direct, unobstructed 180-degree bay and city views from every residence. The tower’s elegant design concepts are the creation of Paris-based designer Jean-Louis Deniot, one of the world’s preeminent talents in interior design, who has signed on to imagine the building’s common area amenity spaces.
Residences will include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10- to 12-foot ceiling heights, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, as well as two expansive east/west-facing terraces with wide open sunrise and sunset views.
Building amenities will include two resort style pools, a health club featuring a fitness center, yoga studio and spa with sauna, steam and shower facilities and private massage rooms, a children’s playroom and a blow-dry bar. Residents will also have access to an exclusive Owners Sky Lounge which will encompass the tower’s entire 30th floor and feature a Great Room, Grand Salon entertainment area with a full bar and piano lounge, Grand Dining Room with seating for up to 30 guests, wine room, chef’s kitchen, library, private theater and gaming room.
We are excited to see this project take shape!
Paramount Bay Penthouse With 3,000sf Terrace Lists For $5.75M
If you are into outdoor space, we have a treat for you! This Paramount Bay penthouse has a sun deck that is larger than most people’s homes. It is really more of an outdoor living and dining room with 360 degree wraparound views for you and your 40 closest friends.
The property was listed a couple of weeks back by our very own Dora Puig and was the Elle Decor model residence when the building was undergoing their initial sales from the developer. It has light bleached oak hardwood floors, 10 foot ceilings and a fully customized kitchen. The layout is open and offers a full master bedroom wing with a private balcony. Both guest bedrooms have ensuite baths and the fourth bedroom is used as a service quarters. The apartment comes with 4 parking spaces and 2 storage units.
Paramount Bay condominiums is located in Edgewater, at 20th and North Bayshore Drive. The building opened in 2011 with interiors by Lenny Kravitz. The asking price is $5.75 million. Here are some additional photos, let us know if you are interested in a tour.
Aria on the Bay Lowers Deposit Requirement To 35% On All Units
Edgewater’s Aria on the Bay is slashing their minimum required down payment to 35%. Prior to the change, buyers were required to deposit at least 50% of their purchase price before closing.
The construction is currently on the 41st floor and will top off this summer at 53 floors. The 35% deposit schedule is: 20% of the purchase price is due within 2 weeks of the contract being signed and the remaining 15% is due at top-off. The final balance is due at closing in late 2017 or early 2018 although it is common for mortgages to be introduced for the final amount.
Aria on the Bay is Melo Group’s first luxury waterfront tower and is already a big success. They have sold 74% of the 647 units with an average price of $540/square foot. Remaining opportunities range from a $420,000 1 bedroom with 880 square feet and a south view up to the $1.6 million 3 bedroom residence with a den, 4 full bathrooms, private elevator and a 600 square foot terrace with north views.
Biscayne Beach Is Preparing Closing Letters
To prepare for opening day, the folks over at Biscayne Beach have begun reaching out to the buyers of their 399 new apartments. They are getting updates on contact information and finding out whether the apartments will be closed with financing or cash.
According to the developer’s representatives, closings will begin in January with cash transactions closing first. This barely misses their estimated completion date from the original marketing material in 2013. I always expect construction dates to be delayed, especially with large projects such as this one so delivering the project within a month of the original the estimated date is something to be celebrated.
This project is one of my favorite in the Edgewater area. The building is 51 stories and the amenities are unique. I hope we will get to take a photo tour for you once the TCO is delivered! Stay tuned as we work on that.
Unafraid of Market Slowdown, Colombian Developer Proposes Naranza at Edgewater
Ay dios mio! The Miami real estate market is in the doldrums and yet, hey this is Miami, where out-of-towners come to live out, and build, their flights of fancy. Hey, we don’t judge. Introducing Naranza at Edgewater, a 137 unit, 20-floor condo tower being launched in August by Colombian developer Prodesa. The building is at a site on NE 31st Street, East of Biscayne Boulevard, and immediately behind the Related Group’s Paraiso megaproject, which means the copious bay views in the project’s renderings (above and below) won’t actually exist. Sorry Charlie.
It’s being designed by Arquitectonica, and comes with the standard crop of amenities, including gym, clubroom, spa, and pool on the 6th floor amenity deck, and a roof deck up on the 20th. Anywho, according to Fortune International Realty, which is handling the sales, pricing is the least expensive per square foot available in Edgewater. 1 bedroom units start somewhere in the $300,000s. However, those 1-bedrooms are a rather smallish 650 square feet. Units range from there to larger corner two-bedroom units, with dens, in the high $500k. So, is it a bargain? You decide.
