Luxury Condo Sale at Continuum South Beach North Tower – $6.5M
Another luxury condo sale in the books for 2011! A 4 bedroom + den/4.5 bath condo at Continuum South Beach North Tower closed yesterday for $6.5M. The 5,300 square foot condo has a private elevator, wide-planked wood floors throughout, 5 assigned parking spaces and offers views of the Atlantic Ocean and beach from the 8th floor. The condo sold at approximately an 18 percent discount from its initial asking price of $7.9M and closed in just 28 days after being listed.
Paramount Bay Condos
In anticipation of Paramount Bay launching sales in the coming months, I decided to launch my very own Paramount Bay website complete with floor plans. Obviously, more content such as videos and additional pictures will be added to the website once Paramount Bay officially opens to the public. Paramount Bay is a highly anticipated building and we’re confident that it will come to be regarded as one of Miami’s finest condo developments. I will be sure to let everyone know as soon as I hear anything new regarding Paramount Bay. Feel free to send me an email if you would like to be informed via email of the Paramount Bay sales launch date once it becomes available.
Over the past year, we’ve also launched the following building specific websites:
Apogee South Beach Penthouse Sells For $11.5M
Penthouse A at Apogee South Beach closed yesterday for $11.5M. The transaction is the highest priced condo sale in Miami Dade County in 2011. Furthermore, it also is the fifth highest condo resale in Miami-Dade history. The penthouse has 6,853 square feet of interior, over 11,000 square feet of terrace, a private rooftop pool, a summer kitchen and offers 360-degree views of the Atlantic Ocean, Biscayne Bay and the city. The buyer was an undisclosed person from Europe.
2011 may turn out to be a very hot year for the luxury real estate market in Miami. There should be a lot of activity in the coming months, particularly in the luxury homes market. Currently, there are five waterfront homes priced over $9M that are under contract with the highest being a 15,008 square foot home listed for $32M. I’ll be sure to keep an eye on these properties and report back once they close. In the meantime, enjoy the following pictures of Penthouse A at Apogee South Beach.
View all available Apogee South Beach condos for sale
Amar’e Stoudemire Lists W South Beach Penthouse
Last week, the New York Post reported that Amar’e Stoudemire had recently listed his W South Beach duplex penthouse for $6.5M. As many of you know, Stoudemire plays basketball in the NBA for the New York Knicks. Below, you will find pictures of his plush South Beach condo. The 2 bedroom/2.5 bath unit has 2,428 square feet of interior and 2,816 square feet of exterior space with a private rooftop plunge pool and summer kitchen. Stoudemire purchased the penthouse condo in July 2009 for $5,575,000 directly from the W South Beach developer.
View all available W South Beach condos for sale
Best Priced 2 Bedroom at 900 Biscayne Bay – $510,000
We recently got a new listing at 900 Biscayne Bay. It’s a 2 bedroom/2.5 bath condo with 1,355 square feet of interior and 597 square feet of balcony. The unit has American maple wood floors throughout the living areas and marble floors in the bathrooms. The unit faces northeast with a view of Biscayne Bay. The asking price is $510,000 which currently makes it the best priced 2 bedroom at 900 Biscayne Bay. Contact us if you would like to view the unit in person or if you would like more information regarding unit 2012 at 900 Biscayne Bay.
Floor plan for unit 2012 at 900 Biscayne Bay.
Paramount Bay Granted Fannie Mae Approval
Sales haven’t quite yet begun at Paramount Bay but the development was granted Fannie Mae approval last week. The conditional approval expires on September 25, 2011 which leads me to believe that we should expect sales to launch very soon. Paramount Bay, located in the Arts District of Miami at 2066 North Bayshore Drive, was developed by Royal Palm Communities and completed in 2009. The construction loan was originally held by Corus Bank which was later seized by the FDIC on September 11, 2009. Starwood Capital Group then acquired Corus’ real estate assets on October 2, 2009 by beating seven groups with a winning bid of $554 million. Paramount Bay was one of three condo developments residing in Miami that were part of the real estate portfolio acquired in that auction. Personally, I’m very excited about Paramount Bay and can’t wait to tour it again. I toured Paramount Bay in 2009 but the building wasn’t quite ready and I hear that Starwood has invested lots of additional money into the building over the past three months to really blow everyone away. No word yet on what pricing will be like but I’m expecting it to be close to that of 900 Biscayne Bay.
2 Bedroom Condo at Two Tequesta Point – $674,900
Last week, our client agreed to reduce the price of his condo at Two Tequesta Point from $696,000 to $674,000. This is a level that we are confident that it will sell quickly. The 2 bedroom/2.5 bath condo is located on the 29th floor and has 1,540 square feet interior, a large terrace off the bedroom and living room, marble flooring in the main living areas and carpeting in both bedrooms. The unit also has crown molding, an eat-in kitchen with separate dining room, custom built-in closets in both bedrooms and full side-by-side washer and dryer.
For those not familiar with Two Tequesta Point, it is a luxury high-rise located at 808 Brickell Key Drive in a privately gated neighborhood of Miami called Brickell Key. Two Tequesta Point is the building on the left in the above picture. The building offers spectacular amenities such as tennis, racquetball, basketball, 24-hour concierge and security, 24-hour valet parking, a bi-level fitness center and a beautiful bayfront swimming pool.
View All Two Tequesta Point condos for sale
View All Two Tequesta Point condos for rent
Luxury Condo Rentals in Downtown Miami
If you’re in the market for a luxury condo rental in Downtown Miami then you may want to take a look at the two gems below. Both rentals are stunning and came onto the market earlier this afternoon.
The first is a 4 bedroom/4.5 bath bi-level condo at Marquis Residences. The 57th floor unit has 3,880 square feet of interior with wood flooring throughout and comes fully furnished. Asking price is $12,000 per month.
Marquis Residences #5706 – 4 bedroom/4.5 bath – $12,000 per month
The second rental is a 3 bedroom + den/4.5 bath penthouse at 900 Biscayne Bay. The unit has 3,493 square feet of interior, marble flooring throughout and an over-sized terrace unique to the 59th floor. The floor plan is pretty spectacular. Asking price is $8,900 per month. The condo is also available for sale at an asking price of $2,099,000.
900 Biscayne Bay #5901 – 3 bedroom + den/4.5 bath – $8,900 per month
Don’t hesitate to contact us if you have an interest in viewing either of the above two rentals. If these properties aren’t quite what you have in mind, please feel free to use our property search to find a rental that suits your style and needs.
Recent Luxury Condo Sales in Miami
Below are five recent luxury sales that have closed in Miami within the past 30 days. The unit at 900 Biscayne Bay marks the highest priced condo sale in the building for a non-penthouse unit.
- Four Seasons Residences 49F – 3 bedroom/3.5 bath (3,795 square feet) – This condo sold for $3,025,000, or $797 per square foot, on February 17, 2011.
- Four Seasons Residences 46B – 2 bedroom/2.5 bath (2,309 square feet) – This condo sold for $1,500,000, or $650 per square foot, on February 28, 2011.
- Asia Brickell Key 1002 – 2 bedroom/2.5 bath (1,781 square feet) – This condo sold for $1,200,000, or $674 per square foot, on March 8, 2011.
- 900 Biscayne Bay 4006 – 3 bedroom/4 bath (2,335 square feet) – This condo sold for $1,100,000, or $471 per square foot, on February 28, 2011.
- Bristol Tower 2101 – 3 bedroom/3.5 bath (3,065 square feet) – This condo sold for $419 per square foot, on March 11, 2011.
