Venetian Islands Real Estate: November 2015 Market Report
Each week Miami Beach Realtors host a progressive open house of listings in the area This weeks focus was the Venetian Islands with an impressive 23 properties on the tour This is a great time for the Venetian Islands as the roads and infrastructure are in the last months of a $124 million restoration project The Venetian Causeway is expected to reopen by the Spring of 2016 offering residents new roads as well as utilities The construction project has not slowed the bustling real estate market in the neighborhood Here are some highlights of the market as we draw an end to 2015
Highest Price Listing 610 W Dilido Island
$15500000 for 5 bedrooms 6 baths in a 5210 square foot home on a waterfront lot
Lowest Price Listing 211 S Rivo Alto Drive $1595000 for 4 bedrooms 3 baths in a 2194 square foot home on an interior lot
Contracts Signed There are 4 properties that are currently under contract ranging in price from $5900000 down to $929000
Recent Closings Over the last 3 months we have seen 9 properties trade hands for $12500000 down to $1525000 Waterfront properties averaged $1450square foot in price vs $811square foot for interior lots
Featured Property 300 W Rivo Alto Drive
Of the actively marketed properties in the neighborhood we made special note of the home at 300 W Rivo Alto Drive offered at $12750000
This Venetian Island home was built in 1938 on a waterfront lot but recently remodeled beautifully It offers 5 bedrooms 5 12 baths and 90 feet of bayfront views with an infinity lounge pool and boat dock There is an outdoor living room with summer kitchen garden and even a koi pond with waterfall The interior design is tasteful yet dramatic with zebrawood walls calcutta gold marble top of the line appliances and Crestron security system
Here are some additional photos of 300 W Rivo Alto Drive
Starchitect Renzo Piano To Introduce Eighty Seven Park In Miami Beach
Miami Beach is getting another starchitect-designed condo building, this time by Pritzker Prize winning Renzo Piano. Eighty Seven Park will be the first project in South Florida to be designed by the famed architect and is located at 87th and Collins on the last piece of land north of North Shore Park at the limit of the city of Miami Beach. The 18-story glass tower will feature oblong floors and wraparound balconies with ocean views. In total, the building will offer 68 residences varying in size from 1,400 to 7,000 square feet.
“The idea behind the site is to enhance the presence of the green spaces in the park by extending trees to the northern limit of the city of Miami Beach,” said a statement from Renzo Piano Building Workshop. The building will be surrounded by a reflection pool and private gardens. Between the residences and the beach will be two swimming pools surrounded by sundecks and a walking path to the shoreline.
Interiors are being designed by Rena Dumas Architecture Interieure from Paris and will feature American oak and Italian stone fittings with orchids, Bonsai trees and cacti. An in-house botanist will maintain the year-round floral display, extending the serene natural feeling from the gardens indoors.
Renzo Piano will join Rem Koolhaas, Zaha Hadid, and Bjarke Ingels with their starchitect-designed projects over the upcoming years. In addition to being the first project for Mr. Piano in South Florida, Eighty Seven Park will also be his first residential building in the United States. Previously, the firm has completed the 95 story Shard, the tallest building in the European Union that is often referred to as London Bridge Tower as well as the 52 story New York Times Building in Midtown Manhattan.
Just Listed – Stunning 2 Bed/2 Bath Condo at Paramount Bay w/ Storage Room Included
I’m pleased to announce our newest listing – a stunning 2 bed/2 bath condo at Paramount Bay with 1,128 interior square feet, an 8-foot deep terrace totaling 242 square feet, white porcelain tiled flooring throughout, private elevator, 10-foot high ceilings with floor-to-ceiling glass windows, large walk-in closet with built-in cabinets, stone kitchen countertops, and stainless steel appliances by Wolf and Sub-Zero. Most importantly, this residence features sweeping, breathtaking views of Biscayne Bay from the kitchen, master bedroom, and master bathroom, including from within the glass-enclosed shower. Price includes a 150 square foot storage room located directly across the hallway from this unit.
The property is currently tenant-occupied but the tenant is scheduled to vacate by December 15th. Priced to sell quickly. Asking $789,000. Last November, unit 1008 (exact same floor plan but located 9 floors lower on the 10th floor) sold fully furnished for $790,000. In my opinion, those 9 floors make a world of difference and more than make up for the fact that this property is being offered unfurnished.
Paramount Bay condos is located at 2020 North Bayshore Drive in Edgewater – Miami’s hottest, emerging neighborhood. Amenities include: east and west swimming pools; hot tub; BBQ; 24-hour concierge; 24-hour valet parking; 6,000 square foot spa and fitness center with sauna, steam and private treatments rooms; business lounge; and separate teen and children’s playrooms. Paramount Bay is a pet-friendly condo development.
If you or someone you know would like to receive additional information and/or to request a showing, please call or text me at 786-247-6332. I can also be reached via email at [email protected].
Elysee Condos – Edgewater’s First Ultra-Luxury Condo Development
With new condo developments being announced seemingly on a weekly basis, there are few that excite me these days. Elysee -a recently announced, ultra-luxury tower with just 100 total units – is one that does. Elysee exudes exclusivity and elegance in every way imagined. The 57-story condo development will be located directly on the water in Edgewater at 700 Northeast 23rd Street and include 3, 4, and 5 bedroom floor plans ranging from 2,844 to 3,979 interior square feet. With the exception of the penthouse – which will cover an entire floor and offer full 360-degree views – each of the units below it will span a half floor and offer full 180-degree views (east-south-west or east-north-west). As you can see in the mini scale model above, the floor plans get wider as you go up the building. Every residence at Elysee will have private elevators, 8- or 10-foot deep balconies, and 10- or 11-foot high ceilings with walls of glass all around to showcase the spectacular water and city views.
Most importantly – at least to me – Elysee will be a white-glove service building (think St. Regis). Not enough can be said about how exclusive and differentiating it is for a building to offer such pampering services to its residents. Along with the full-service concierge, Elysee will feature lavish full-floor amenities on both the 7th and 30th floors. The 7th floor will include a 75-foot resort pool; outdoor summer kitchen & BBQ; men’s and women’s spa with sauna, steam shower, and private massage rooms; fitness center; yoga studio; children’s playroom; and blow dry bar.
As if that weren’t enough, the 30th floor – which residents will be able to rent out for formal events – will feature a great room with grand piano and sweeping, unobstructed views of the city and water; chef’s kitchen; chef’s table with indoor and outdoor seating; grand dining room with seating for 30 people; theater room with 4K projector; full lounge bar; business center; resident wine storage; and game room.
Prices for the half floor units at Elysee start from $1.67M. That amounts to just $587 per square foot! Given the caliber of building that Elysee will be, that has bargain written all over it. There are few condo developments in Miami to get excited about these days, but Elysee is the exception. It will set the bar not only for condo developments throughout Edgewater but throughout all of Miami.
Elysee was soft-launched late last week. However, it won’t officially be released to the public until October once the sales center is built. This is the time to get in at Friends & Family pricing. Contact me for details.
Just Listed – 3 Bedroom Penthouse at Trump Palace in Sunny Isles Beach – Asking $2,350,000
It is with great pleasure that I present my newest listing – an immaculate 3 bedroom penthouse at Trump Palace in Sunny Isles Beach. This one is a beauty and is priced to sell quickly!
The impeccably designed penthouse offers sweeping, unobstructed views of the Atlantic Ocean, Intracoastal waterway, and Downtown Miami skyline, along with picturesque views of the sunset from 12-foot high floor-to-ceiling windows. The recently renovated 3 bedroom, 3.5 bath condo has 2,435 interior square feet with balcony access off the master bedroom, second bedroom, living room, and kitchen. Over $500,000 spent in renovations and upgrades. Features include: 36×36 white porcelain flooring throughout; custom LED lighting; electric shades; built-in closets; and custom kitchen with white Quartz countertops, matching cabinets from Spain, stone backsplash, and high-end, stainless steel appliances by Sub-Zero, Bosch, and Gaggenau. Unit includes valet parking for unlimited cars. Asking $2.35M, or $965 per square foot. Furniture not included but negotiable.
Trump Palace is a 55-story, luxury, oceanfront condo development located at 18101 Collins Avenue in Sunny Isles Beach. Amenities include: 24-hour, full-service concierge; state-of-the-art-fitness center with views of the Atlantic Ocean and coastline; men’s and women’s spa with sauna, steam room, and hot tub; 24-hour valet parking for residents and guests; private beach access; private pool and hot tub; tennis courts; and use of all amenities at neighboring Trump International Beach Resort.
The photos here speak for themselves. For showings, please contact me on my cell phone at 786-247-6332 or via email at [email protected].
Below is a video tour of the unit as the sun is setting:
New Renderings and Video Released for Paramount Miami Worldcenter
Earlier today, new renderings were released for Paramount Miami Worldcenter. As I am sure you will agree, the renderings are nothing short of spectacular! I am especially impressed with the first two renderings shown below – the Lobby and Skydeck Infinity Pool.
There’s no doubt in my mind that Paramount Miami Worldcenter has the makings to be one of Miami’s most distinguished condo developments. In the coming weeks, preconstruction sales for Paramount Miami Worldcenter will formally launch to the public. If you or someone you know have an interest in reserving a unit, I can get you in now, before the rush, at “Friends & Family” pricing. Prices start at $550 per square foot. Contact me for details at [email protected].
At the very bottom of this post is a new, full-feature demo video for Paramount Miami Worldcenter ,which was also released earlier today. Enjoy!
Paramount Miami Worldcenter Amenities / Common Areas
Paramount Miami Worldcenter Residences
Paramount Miami Worldcenter Exterior
Paramount Miami Worldcenter Video
One Thousand Museum Bulldozes Through 50 Percent Under Contract Mark
When it comes to sales as of late, One Thousand Museum has been kicking ass and taking names. While attending a VIP dinner event held at the One Thousand Museum sales gallery last Thursday, I learned that over 50 percent of the units at One Thousand Museum are now under contract. And I’m talking hard contracts here, each with deposits received and past their 15-day rescission period. From what I heard that night, sales had hovered around the 30 percent mark for a while but then, in the weeks following Art Basel and the developer’s brilliantly timed groundbreaking ceremony, it has been full speed ahead with no signs of slowing. Currently, the entry point to get in at One Thousand Museum is slightly over $5.5M, or $1,200 per square foot – although that may have changed since Thursday given that I learned yesterday that two new contracts were signed on Saturday. No word yet, however, as to which two units those might be. 50 percent under contract at this point is big news in and of itself, but what really blew my mind last Thursday night is that the developer already has six of the total eight full-floor residences under contract. The two remaining full-floor residences are priced slightly under $17.5M and $20M. With each having just under 10,000 interior square feet, those work out to be a little more than $1,750 and $2,000 per square foot respectively. That’s right folks, take a moment to process that small yet impactful piece of information and realize its significance, not only just for One Thousand Museum, but also for the Downtown Miami real estate market as a whole.
Since the beginning, I’ve been a huge believer in One Thousand Museum. It is great to see that buyers are finally starting to see One Thousand Museum for what it will one day become – a trophy property that will be revered by people from all over the world. Early last year, Wealth-X – “the world’s leading ultra high net worth (UHNW) intelligence and prospecting firm” – compiled and published their top ten list of Billionaire Skyscraper Homes. Coming in at the number nine spot was One Thousand Museum. As you will see below, One Thousand Museum finds itself in very good company, not surprising given the fact that the tower was designed by one of the most prolific architects ever – Zaha Hadid.
One Hyde Park (London) – Average Price Per Square Foot: US$9,906
432 Park Avenue (New York City) – Average Price Per Square Foot: US$6,742
One57 (New York City) – Average Price Per Square Foot: US$6,000
South Bank Tower (London) – Average Price Per Square Foot: US$3,300
Tour Odéon (Monaco) – Average Price Per Square Foot: US$8,900
Opus Hong Kong (Hong Kong) – Average Price Per Square Foot: US$10,740
56 Leonard (New York City) – Average Price Per Square Foot: US$6,000
Clermont Residences (Singapore) – Average Price Per Square Foot: US$2,360
One Thousand Museum (Miami) – Average Price Per Square Foot: US$1,100
One Madison (New York City) – Average Price Per Square Foot: US$5,000
For those who are unfamiliar with One Thousand Museum, be sure to watch the promo video below to see for yourself just how spectacular the luxury tower will look once completed. It will forever change the Miami skyline for the better and help catapult the city’s real estate market to even greater prominence around the world.
Below are two recently released renderings for One Thousand Museum along with a few shots of the development’s hologram box and a photo taken of the Luxe Living Realty agents who attended last Thursday’s exclusive dinner event. That night, Luxe Living Realty agents (myself included) were formally named sales ambassadors for the project, which, among other things, provides us with 24/7 access to the One Thousand Museum sales gallery. Yes, that means that if you have $49M burning a hole in your pocket, and feel compelled to schedule a 3am appointment to visit the sales center and write-up a contract for the full-floor, duplex penthouse, I would be able to accommodate you. I realize that the jet lag from those long, transoceanic flights can be horrible.
If you have any questions about One Thousand Museum and/or would like to learn more about pricing and availability, please call me on my cell phone at 786-247-6332 or contact me via email at [email protected].
A Tour of the Brickell Flatiron Sales and Design Gallery
Sometimes I feel like there aren’t enough days in the week to both sell real estate AND stay on top of the latest and greatest condo developments entering the market. Today, fortunately, I had time in my schedule to check out the interior design and finishes of one of the best – Brickell Flatiron. Actually, I was already quite familiar with the project but it’s one thing to sell a pre-construction condo development on paper and quite another to actually see and touch actual finishes that you can expect to find in units once they are delivered. This was my first opportunity to visit the Brickell Flatiron Sales and Design Gallery which opened on-site last month and was designed by American artist Julian Schnabel.
Brickell Flatiron Reception Area
As I sat in the reception area waiting for my tour to begin, I couldn’t help but think that Julian Schnabel did an amazing job in capturing British Colonial elegance with an interesting twist. Hopefully, that is the look he was going for. The interior design work in the reception area is to give you an idea of what you can expect to find in the Brickell Flatiron lobby and common areas.
Brickell Flatiron Master Bathroom Finishes
The master bathroom finishes for Brickell Flatiron remind me a lot of the bathroom finishes that you find at Epic Residences, not surprising given the fact that the developer of each building is one and the same – Ugo Colombo. That’s definitely not a bad thing. We’re talking marble floors and accents walls imported straight from Italy. Colombo is known for his attention to detail and knack for using only the finest materials.
Brickell Flatiron Kitchen Appliances and Finishes
First of all, I must say that I absolutely love the kitchens for Brickell Flatiron. The Snaidero cabinetry is second to none and includes an open/close feature at the push of a button along with interior backlighting. The open/close feature is really cool although I hope next year’s model will incorporate a speech recognition engine to do the work for you. After all, home automation is the future. The Miele refrigerator, in my opinion, is a welcomed change from the customary Sub-Zero refrigerator that we all come to expect from luxury condo developers. Off the top of my head, Biscayne Beach is the only other luxury condo development that is planning to deliver Miele refrigerators in place of the usual Sub-Zero.
For those unfamiliar, Brickell Flatiron is a luxury, pre-construction condo development which will be located in the heart of Brickell at 1001 South Miami Avenue. In my opinion, Brickell Flatiron is destined to follow in the footsteps of other bar-setting Colombo projects such as Santa Maria, Bristol Tower, Grovenor House, and Epic, and be considered one of the best condo developments in Miami, not only once it is completed but for many years to come. The developer still has great units remaining, so if you have an interest in reserving one, please don’t hesitate to contact me. These units go straight contract. The developer started converting reservations to contracts last month. I can be reached on my cell phone at 786-247-6332 or via email at [email protected].
One Thousand Museum Groundbreaking Ceremony Set for Tomorrow at 11:30am
While out for a stroll earlier this morning, I noticed that signage marking the parameter of the One Thousand Museum site was up and ready to go for tomorrow’s groundbreaking ceremony. The ceremony will run from 11:30am to 1:30pm and present, as the guest of honor, will be Zaha Hadid herself.
