In the video below, we discuss two recent sales that took place last week at Marina Blue. We also mention a Marina Blue website that we’ll be launching later this week. It’s about 90 percent of the way done. Expect four other building websites within the next 2-3 months.
Yesterday, the spectacular 6 bedroom/7.5 bath penthouse at Jade Beach went under contract providing additional evidence that the luxury market in South Florida is flourishing. The 3-story penthouse has 8,210 square feet of interior and 5,791 square feet of terrace. The asking price is $11M, or $1340 per square foot, and is being offered fully furnished. No word yet on who the buyer might be or how much was offered.
Recent Luxury Sales within the Past 30 Days
Last Friday, Penthouse B at The Setai sold for $15M, or $2416 per square foot. No word yet on who acquired the breathtaking, South Beach luxury penthouse. The previous owner purchased the unit directly from the developer in 2004 for $9.5M. From my knowledge, the recent sale is the highest priced condo sale to ever take place in Miami-Dade County.
Pictures and an e-brochure of Penthouse B at The Setai
For inquiring minds, Penthouse A at The Setai came onto the market this past April. The unit has the same square footage as Penthouse B. The asking price is $27M, or $4349 per square foot, which currently makes it the second highest priced condo listing in Miami-Dade County.
Penthouse 5 at Marina Blue offers one of the most panoramic views in Miami. The bi-level penthouse has 20-foot ceilings and resides on the 57th and 58th floors. The unit has 4,198 square feet of interior and 439 square feet of balcony. The asking price is $3.3M. The video below will provide you with a tour of this amazing Marina Blue penthouse. Call us at 305-428-3860 for more information or if you would like to schedule a private showing.
Floor Plan
In this video segment, we discuss the developer blowout sale at The Plaza on Brickell that was announced Thursday afternoon. I received word just 24 hours later that 16 units had already been placed under contract. This is now the best deal in Brickell but availability won’t last long. Later in the video, we also discuss the uptick in luxury condo sales in 2010. We end the show with a picture slideshow of Penthouse A at Apogee South Beach which came onto the market last month with an asking price of $16M.
The video above is meant for the non-local buyer who may not be familiar with the various neighborhoods throughout South Florida. South of Fifth, also known as SoFi, is a neighborhood that encompasses the five southern most blocks of South Beach (and therefore Miami Beach). Once regarded as one of the most dangerous neighborhoods in South Florida, South of Fifth is now considered to be one of the safest and most luxurious for condo living. The revitalization of the area within the past two decades has been remarkable, attributed mainly to visionary Thomas Kramer.
One of the main attractions for South of Fifth condos is South Pointe Park which reopened in March 2009 after undergoing a $22M renovation. The neighborhood also has world-renowned restaurants Joe’s Stone Crab and Prime 112 as well as local favorites Devito South Beach, Smith & Wollensky and China Grill. South of Fifth is reputed for being a clean, quiet, exclusive neighborhood away from the congestion of South Beach but within walking distance to all else that South Beach has to offer. The beach at the southernmost point of Miami Beach, in my opinion, is also one of the most beautiful beaches in South Florida.
Below, you will find a list of the South of Fifth condo buildings that were featured in the video. Click on each link to view the condos currently available for sale.
South of Fifth Condos:
Apogee South Beach – 800 South Pointe Drive
Continuum North Tower – 50 South Pointe Drive
Continuum South Tower – 100 South Pointe Drive
Icon South Beach – 450 Alton Road
Murano at Portofino – 1000 South Pointe Drive
Murano Grande – 400 Alton Road
Ocean House – 125 Ocean Drive
Portofino Tower – 300 South Pointe Drive
South Pointe Tower – 400 South Pointe Drive
Yacht Club at Portofino – 90 Alton Road
Earlier this week, we discussed a 3 bedroom/3.5 bath condo listing we recently obtained at the luxury, beachfront condo development called Azure located in Surfside, Florida. Below, you’ll find a video tour of the amenities and common areas at Azure for those of you not familiar with the building.
Here’s the video of the 3 bedroom/3.5 bath condo at Azure priced at $1,499,000. We priced it for a quick sale. The previous list price was $1,755,000. The next best priced 07 line in the building is the unit one floor above which is listed for $2,400,000.
In this video show we discuss our newest listing. It’s a 3 bedroom/3.5 bath condo with 2,489 square feet of interior and 366 square feet of balcony at Azure which is located in Surfside. The condo faces direct east towards the beach and ocean. The list price is $1,499,000, or $602 per square foot. I’ve included the floor plan of the unit below the video.
We also discuss a 2 bedroom condo at Azure which we’ll be getting the listing for next week which is adjacent to unit 307. By combining the two units a buyer can potentially create a 5 bedroom/5 bath with 2 half bathrooms.
Yesterday, The Related Group and its lenders agreed to a “friendly foreclosure” for Towers 1 and 2 of Icon Brickell. This video provides our commentary as well as the details pertaining to the agreement.
