Echo Brickell Penthouse with Indoor Pool Lists for $39.5 Million
There are many condos that have truly taken our breath away over the years but this one has left us absolutely stunned. From its 28 foot ceilings, all the way to its 360-degree water views to its indoor pool, we can’t stop drooling over this penthouse that just hit the market at Echo Brickell.
Located at 1451 Brickell Ave, Miami, this duplex penthouse has everything you need and more. Listed at a cool price of $39.5 million, the unit stretches 11,000 square feet over 2 floors, 56th and 57th.
The penthouse features 5 bedrooms and 7.5 bathrooms each with custom built-ins and magnificent views. The unit truly feels like a mansion with the bedrooms above and the main living areas below.
Amenities are in abundance in this ultra-luxury penthouse. The indoor sky pool is perfectly placed with floor-to-ceiling folding doors for the natural weather exposure. The signature staircase unfolds to a unique green foliage wall accenting the marble and glass throughout.
The custom kitchen opens to living space that is a designer’s dream. The grand suite features two dual baths, designer closets, and a midnight bar. All of the bathrooms are custom-crafted marble pieces.
This unit features 6 parking spaces, 4 elevators, an office, staff quarters, and a full wellness package with a sauna and fitness room.
Echo Brickell is a 180 unit residential tower that rises 57 stories located directly in the middle of Miami’s Financial District. Echo was designed by Carlos Ott and developed by PMG and JDS Development Group. The interiors were completed by Yoo Studio. The floor plans range from 1 to 4 bedroom options with penthouses also available. The unique thing about Echo is that it features 180 different floor plans.
Echo Brickell Amenities
Vanishing-edge pool and deck with panoramic views of Biscayne Bay, Downtown Miami, and Miami Beach
2,800 square foot, state-of-the-art fitness center and spa overlooking pool, bay, and city
Resort-style poolside food and beverage service
Two hot tubs with sunbathing deck overlooking the Brickell skyline
Full-service concierge services
If you or someone you know have an interest in purchasing one of the units at Echo Brickell or any information regarding Penthouse 01, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
You Can Now Buy Two Arte Surfside Condos for 560 Bitcoin
Bitcoin has become one of the ultimate currencies in Miami. Now more than ever, consumers are able to utilize crypto for food purchases, nightclubs, and real estate. Arte Surfside completely revolutionized the real estate market by being one of the first developments in Miami to begin accepting Bitcoin for their luxury condos.
The developers for Arte Surfside currently have two luxury units for sale for a combined price of $31 million or 560 bitcoin. According to the developers, Alex Sapir and Giovanni Fasciano have stated that offers can be made in either bitcoin or ethereum.
According to Sapir, “We were overwhelmed by the amount of calls we received from qualified buyers just after announcing our ability to facilitate cryptocurrency transactions for the condominiums at Arte. Real-world crypto transactions haven’t made their way fully into the mainstream yet, so it’s clear that top holders around the world pay attention when new opportunities to transact open up.”
One of the crypto units at Arte is listed at $18.95 million and features 6,982 square feet of living space. The second unit is listed at $11.9 million and is around 3,500 square feet. These incredible units boast oceanfront views, wraparound terraces, large walk-in closets, and high-tech entry access.
Photo Credit: Dina Goldentayer
Building amenities include an indoor and outdoor swimming pool, full-size tennis court, state-of-the-art gym, yoga studio, sauna, catering kitchen, and white-glove butlers.
Arte Surfside Amenities:
A 75-foot indoor swimming pool
An outdoor swimming pool, sundeck, and poolside cabanas
Rooftop tennis court
State-of-the-art fitness center and yoga studio
Sauna and steam room
Tranquil meditation pond
Children’s playroom
Residents’ lounge with billiards and catering kitchen
Temperature-controlled parking spaces
Arte Residence Features:
Expansive terraces clad in travertine with ipe decking
Gracious kitchens featuring Poliform cabinetry, Italian marble countertops, and Gaggenau appliances
Sweeping views of the Atlantic Ocean
In June, a penthouse in Arte sold for a record-breaking $22.5 million in crypto. The type of cryptocurrency for this sale was not released. With more developers jumping on the crypto train, we can expect in the future that digital currency will eventually play a larger role in the real estate market and potentially affect how we make offers for our buyers and negotiate for our sellers.
Miami Real Estate Breaks Another Record for August 2021
The Miami-Dade real estate market keeps smashing records over and over! For August 2021, a new record was set for the most homes sold in a quarter for Q2 in 2021. In April alone, we saw the best sales month in the history of Miami Dade county. Now, another record was set with the best August sales month in history!
There are multiple reasons for these records breaking, which include companies and executives moving their businesses to Florida in the masses, lower taxes than other states, record-low mortgage rates, and reduced covid restrictions.
Total homes sales surged 30.6% for August 2021 with an increase to 3,299 from 2,527 properties in 2020. There was a slight decrease in sales for single-family homes at 3.5% sliding from 1,357 to 1,309 from August of last year. However, we did see a 70.1% increase in condo sales from 1,170 to 1,990 compared to last year.
All price ranges have also increased for August 2021, especially in the $300,000 and higher range. The median sales price for single-family homes is up 20.3%, placing the average price at $500,500. Condo median prices are also up from the previous year from $265,000 to $335,000.
Insufficient inventory has also impacted sales. We have seen less inventory specifically for single-family homes which has decreased by 27.4% for August 2021 and 41.9% for condominiums.
Single-family luxury homes have also increased by 68.8% with 258 sales than 2020. Luxury condo sales increased by 217.1% with 222 sales.
Total volume for Miami-Dade real estate reached $2.5 billion in August 2021, with single-family homes increasing from 37.4% at $1.4 billion. Condo volume also increased from $490.8 million to $1.1 billion, at 129.2%.
Cash sales have also played a huge role in transactions. Buyers are paying cash at asking or over asking prices for listings. Cash sales represented 38.9% of all closed transactions for August. Cash sales accounted for 47.6% of condo sales and 25.8% of single-family sales.
Miami is on track to have its best year in sales for condos and single-family transactions ever. Within 8 months, total sales have already surpassed 2020’s numbers at 26,931 from 26,345 (2020). The highest year for sales in Miami was in 2013 at 30,041 total transactions.
Joe Jonas and Sophie Turner Make a Move to Miami with a Purchase of an $11 Million Waterfront Mansion
Joe Jonas and his wife Sophie Turner are the newest celebrity couple that has made the move to Miami along with countless others.
Their recent purchase of a waterfront property located at 4400 Island Road in the Bay Point Community, sits directly on a channel leading to Biscayne Bay. The couple paid $11 million for the 6 bedrooms, 8.5 bathroom estate.
This unique property was inspired by Frank Lloyd Wright, an American architect who has designed over 1,000 structures over his 70-year career. This specific estate was designed with harmonic accents while incorporating outdoor aesthetics. The Island Road mansion utilizes indoor gardens, a koi pond, and a grand salon with 30-foot ceilings to create a tranquil ambiance.
Over the years, this home was renovated with no expenses spared in the designs. Walking through, you’ll find Calcutta baths, Ornare closets, a sauna, gym, and steam room. Other features include a climate-controlled wine cellar and gorgeous cherry hardwood floors. The home also features a 10-foot pool, 94 feet of water frontage, and a boat dock.
The home was previously owned by Cuban-American musician Willy Chirino. Chirino is a Miami native and began his artistic career in Miami, releasing his first album in 1974. Since then, he has recorded over 20 albums and was nominated for multiple awards in 2007 at the Latin Grammy Awards. Chirino sold the home in 2014 for $4.2 million.
According to county records, the current sellers are Luis Arguello Jr. and Sylvia Chamorro. Arguello is the chairperson and CEO of DemeTech, a Miami-based maker of surgical sutures, mesh, and bone wax.
Joe Jonas is known as an American singer-songwriter and boy band member of the Jonas Brothers who debuted in 2006. Their band split in 2014. In more recent years, Joe has reunited with the Jonas Brothers and has created songs that we all know and love, including What a Man Gotta Do, Cake by the Ocean, and Sucker. Joe married Sophie Turner in March 2021.
If you’ve watched Game of Thrones, you know that Joe’s wife, Sophie Turner doesn’t need an introduction. From 2011 to 2014, she played the very difficult role of Sansa Stark. Game of Thrones was her first television role at the age of 14. Her career also placed her in other movies including X-Men, Barely Lethal, and The Prince. She has also modeled for Louis Vuitton and Gucci.
The couple listed their Enchino, California mansion in June for $16.8 million. Their home is still on the market.
This Bay Point community has seen a lot of activity in recent months with a former Goldman Sachs exec purchasing a waterfront mansion for $11.3 million and a record sale of $17.4 million in May 2021.
Photo Credit:Dina Goldentayer
Hedge Fund Manager Purchases Coconut Grove Waterfront Mansion for $19 Million
Photo Credit: Toni Schrager
Heath Freeman, the Managing Director for a New York-based hedge fund management company (Alden Global Capital), recently joined the Miami luxury real estate market craze. According to county records, Freeman purchased in the gated community of Camp Biscayne of Coconut Grove.
Freeman, also known as the “Hedge Fund Vampire,” received his name from his company’s aggressive and savvy business strategy. This strategy included buying companies, making aggressive budget cuts while laying off its employees.
These companies mainly included media outlets and many have criticized Freeman’s tactics. Alden recently purchased Tribune publishing, a parent company for the Chicago Tribune, and the Sun Sentinel in May for $633 million.
Freeman purchased the waterfront mansion located at 3503 Main Lodge Drive for $19 million while financing $12.4 million through Wells Fargo. The estate was originally built in 2004 and featured a 12 seat theater room, gym, game room, elevator, and an 8-car garage.
Over the years, the 6 bedrooms, 6 bathroom property received renovations and increased the size to 9,700 square feet. The estate features 1 acre packed with wonderful amenities including soaring windows, Italian Marble and hardwood flooring throughout, an expansive eat-in kitchen, library, and a full guest suite.
Photo Credit: Toni Schrager
The bayfront estate also features a 200-foot boat dock, white sandy beach, 60-foot pool, with tropical foliage covering the property to create optimal privacy. The neighborhood itself features 18 homes in the private Camp Biscayne neighborhood. Camp Biscayne is located near Mr. C Miami, Two Park Grove, and Grove at Grand Bay.
Photo Credit: Toni Schrager
The seller of the Camp Biscayne property, David Ivler President of a Miami-based drone manufacturer, purchased the home in 2004 for $1.5 million and later deeded it to his wife in 2007. The property was originally listed for $22 million in March 2021.
Other waterfront homes in Miami have also sold for elevated prices including Spencer Kupferman, CEO of PKWare, purchasing $12.75 million estate while the previous owner paid $3.6 million.
Photo Credit: Toni SchragerPhoto Credit: Toni Schrager
Nicky Jam Purchases a One Thousand Museum Luxury Condo for $6 Million
Photo Credit: Darin Feldman
Nick Rivera Caminero, also known as Nicky Jam is an American singer, actor, songwriter, and rapper. He is best known for hits “Travesura,” “Te Busco,” “El Amante,’ and ‘En la Cama.”
He is especially known for his fast-paced reggaeton compositions mixed with his romantic lyrics. He has collaborated with many well-known artists including Daddy Yankee, Ozuna, Plan B, and Anuel AA. Nicky has also won 20 Billboard Latin Music Awards and 1 Latin Grammy Award.
More recently, Nicky has made Miami home, with the purchase of a luxury condo at One Thousand Museum in the Park West subdivision of Miami for $6 million. The unit features 4,600 square feet of living space with 4 bedrooms, 5.5 bathrooms, and staff quarters. This specific unit stretches over a half-floor
This incredible unit boasts all of the finest finishes including Sub-Zero, Duravit, Apure lighting, Gaggenau, Dornbracht, and Crestron. Nicky will enjoy stunning Biscayne Bay, park, and Miami skyline views from all areas of the unit.
Miami-Dade country records show the property was sold by Green House Domestic Holdings Four LLC., managed by Humberto C. Bethencourt. Bethencourt is listed as the President of R&A Consulting & Investments, Inc. The property was last sold in 2019 for $4.54 million.
One Thousand Museum was designed by the late Pritzker-winning architect Zaha Hadid and developed by Louis Birdman, Gregg Covin, Kevin Venger, and Regalia Group.
One Thousand Museum is the first residential development in South Florida to have its own rooftop helipad, making it possible for residents to travel to nearby islands, private and commercial airports, and private yachts at a moment’s notice.
One Thousand Museum Amenities
Spacious fitness center with state-of-the-art strength and cardio training equipment
Spa with private treatment rooms, steam and sauna rooms, plunge pools, and relaxation lounge
Multimedia theater for private movie screenings, lectures, and presentations
Sun & Swim Terrace with pools, lounge chairs, cabanas, and poolside towel service
Aquatic Center with indoor, infinity-edge pool
Private dining room
Triple-height event space overlooking Biscayne Bay
Private rooftop helipad
Specialized security and valet personnel
Full-service concierge
Bank-quality vault with individual safe deposit box for every residence
One Thousand Museum Residence Features
Custom Italian cabinetry by Poliform
Fine quartz countertops by Silestone
Induction cooktop, oven, steam oven, microwave, dishwasher, and integrated coffee maker by Gaggenau
Refrigerator by Sub-Zero
Faucets and fixtures by Dornbracht, Duravit, and MTI
Interior doors by Lualdi Porte with door handles designed by Zaha Hadid
Custom-designed, Italian-made walk-in closets
Extensive state-of-the-art home automation by Crestron, allowing residents to control a range of in-residence applications including lighting, heating, air conditioning, audio, video, window treatments, and security
These unique and luxurious units range from $4.95 million to $20 million and with the popularity of the luxury condo market, the inventory has become limited. If you or someone you know have an interest in purchasing one of the One Thousand Museum Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Russian Buyer Purchases MarinaBlue Condo with Cryptocurrency
Cryptocurrency has made headway this past year within the real estate market. To compete with multiple offers or to make offers more appealing, buyers have been utilizing different types of the digital currency.
The digital asset is not only being accepted for real estate transactions but for the purchase of goods and services as well. Miami nightclubs, retail shops, and airlines are starting to accept this form of payment. Other large chain retail stores including Overstock.com, Microsoft, and Home Depot are also on the crypto train.
Within the real estate market, many developers are beginning to accept crypto on their new construction towers. PMG was one of the first developers to begin accepting crypto on their new construction tower, E11EVEN Hotel & Residences. A penthouse at Arte Surfside was also recognized for being one of the largest cryptocurrency transactions ever.
Lucas Lechuga recently closed on a MarinaBlue unit #4803 to a buyer from Russia for $465,000. The buyer purchased the unit using cryptocurrency. The unit itself features 1 bedroom + den, 1.5 bathrooms that offered views of the ocean, downtown Miami, and Biscayne Bay. This unit boasts 10-foot ceilings with floor-to-ceiling glass windows and marble flooring throughout.
This unit is considered the second-highest price sale for a 1 bedroom ever at MarinaBlue.
Floor-to-ceiling Impact-resistant Sliding Glass Doors and Windows
9-foot Ceilings in Most Condos; 10-foot Ceilings starting on the 44th Floor; Lofts with 18-foot Ceilings
Penthouse Units with 20-foot ceilings
Full-size Stackable Washer and Dryers by Frigidaire
European-style Cabinetry and Stainless Steel Sink in Kitchen
Stainless Steel Refrigerator/Freezer, Microwave and Oven/Stove by Whirlpool
Master Bath Features Marble Floors and Double Vanity
Spacious Walk-in Closets
If you or someone you know have an interest in purchasing one of the units at MarinaBlue, or any information on the cryptocurrency process, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Phil Collins’ Former Miami Beach Mansion set to be Demolished
Orlando Bravo, managing partner at Chicago-based private equity, Thomas Bravo purchased Phil Collin’s waterfront mansion in January 2021 for $40 million. Since then Bravo has been working with the City of Miami Beach Design Review Board on plans to submit blueprints for a new construction home.
The existing property located at 5800 North Bay Road features 12,153 square feet of living space including 7 bedrooms, 8 full baths, and 3 half-baths. The property also features a pool overlooking the water, a koi pond, and an expansive jacuzzi.
The 200 feet of Biscayne Bay frontage makes this location ideal with a large boat dock. The home was built in 1929 and was expanded in 1986 as well as 1987. The main house was again altered in 1991 and 2006 with kitchen and bathroom updates. The property sits on 1.2 acres of unobstructed Biscayne Bay views.
Bravo plans to replace the home with a more modern-style mansion with a tropical garden surrounding it. The new residence’s main house would include 5 bedrooms, 5 bathrooms, a formal living room, a family room, a dining room, a movie room, and a wet bar. The residence’s 2 car detached garage would host the staff’s quarters, 2 separate suites as well as 2 home offices. The property will keep the current dock and pool but there will be an outdoor kitchen/barbecue area, spa, and gym.
Not only did Phil Collins own the property but Jennifer sold it in 2005 for $13.9 million. According to the Wall Street Journal, the property is being demolished due to the home having issues with flooding.
Waterfront Mansion Purchased by Miami Beach Investor at $21 Million – Lists the Property for $30 Million
Andrew Mirmelli, the owner of M&M Parking Management services and Investor, is now betting on the hot real estate market. With the recent purchase of a waterfront home on Hibiscus Island at $21 million, Mirmelli just relisted the property for a cool $30 million just a few days after closing.
Photo Credit: Julian Johnston
The luxury waterfront property shows the previous owner as Sweet Gift LLC, a company owned by Abelardo Monroy. The home located at 432 South Hibiscus Drive features 6,090 square feet of living space, 5 bedrooms, 7 bathrooms, and a 3 car garage.
Photo Credit: Julian Johnston
The property was built in 2001 on just under half an acre. The design of the home showcases a Mediterranean style throughout with neutral colors easily flowing from one room to the next. Expansive windows and tall ceilings provide endless natural light and views that can only be found on Hibiscus Island. The property also includes a custom pool, outdoor kitchen, and private boat dock with a lift.
Photo Credit: Julian Johnston
Hisbiscus Island not only features unique luxury estates, but also offers gorgeous waterfront views, 24-hour security, and a family-oriented community center/park. Boating is a prime hobby on Hibiscus Island. With a lack of fixed bridges, boats of many sizes gain access to private boat docks throughout the island. This island is also close to South Beach and downtown Miami, making it a prime location to enjoy all that Miami offers.
This luxurious estate was previously sold in 2013 at $8 million. The owner has also listed it for rent at $130,000 monthly. Mirmelli recently sold a lot in downtown Miami to developer Moishe Mana. Mana paid $12.4 million for the lot which he plans to build a mixed-use development for offices, residences, and hotels.
