Penthouse Floor Plans Released for SLS Brickell Residences

Preliminary floor plans for the penthouses at SLS Brickell Residences have been released.  You will see below that there will be a total of seven floor plans on the penthouse level but only five of them will have unique layouts when compared to the other floor plans in the building.  The five uniquely designed floor plans will essentially combine one and two bedroom floor plans from other levels to create larger spaces which will range from 1,845 to 2,332 interior square feet.  Unfortunately, these units will not have a rooftop terrace or other distinguishing features which are typically associated with penthouses.  There will, however, be a rooftop pool but that will be for all residents in the building to enjoy and not just those who own a penthouse.  Regardless, if you are excited about SLS Brickell Residences but feel that the floor plans are too small, the penthouses might be a great opportunity to look into. However, being that there are only five combination units in the entire building, I do not expect availability for these to last long.

A $100,000 deposit is required to reserve a penthouse at SLS Brickell Residences.  The balance of 20% will be required at contract, which should take place sometime between May and July.  Contact me if you have an interest in reserving one (or heck, all five) penthouses at SLS Brickell Residences.

Latest Renderings of SLS Brickell Residences

I have to admit, until just hours ago, I hadn’t been overly excited about the recently announced SLS Brickell Residences. The first rendering, which was released to the public about a month ago, was rather boring.  Being a foodie, the only thing that really excited me about the development was the fact that three amazing restaurants would be on-site: Bazaar by Jose Andres , Katsuya by Starck and a restaurant by Michael Schwartz.  I’m a big fan of Michael’s Genuine so to have a brand new restaurant by Michael Schwartz only an elevator ride away sounded very appealing to me. Oh, and having a 250-foot long elevated pool – which I’m sure will be surrounded by some of Miami’s most beautiful women – didn’t sound so bad either.  However, I just couldn’t get my mind off that very unexciting rendering of the development that made its way into my inbox last month.

That was the past though.  With the latest rendering above, I’m back on board and am very excited about SLS Brickell Residences.  It looks visually stunning and whoever created it did an outstanding job!  Street-level, the rendering gives off a sense of activity and energy, which I have no doubt will be delivered true to life given the inclusion of the SLS Hotel, the three aforementioned restaurants and on-site Jazz bar.  Mark my words, this is going to be the “in” place to be and live in Brickell once this development is completed.  The party starts here!

As I had previously posted, reservations for condos at SLS Brickell Residences are now being accepted.  Prices are expected to average around $500 per square foot.  I had previously been advising clients to stay away from the west-facing units because  they will look straight into units at Infinity at Brickell.  However, the rendering above shows that the west-facing units will also have the privilege of checking out the activity down below at the pool deck.  If you are planning to buy a west-facing unit, my advice is to go for a low floor.  There is no point in buying a high floor on the west side of the building when the action will be down below.  The price per square foot will be much lower as well.

Contact me if you have an interest in learning more about this exciting pre-construction condo and hotel development which will be located at 1300 South Miami Avenue in Brickell.  You can find the brochure, floor plans, video and other information regarding this development on my SLS Brickell Residences page.

SLS Brickell Residences Now Accepting Reservations

The wait is over.  SLS Brickell Residences is now accepting reservations.  The recently announced pre-construction condo and hotel development will be located at 1300 South Miami Avenue, within walking distance to the shops and restaurants at Mary Brickell Village and upcoming Brickell CityCentre.  The luxury tower, which has been designed by Arquitectonica, will rise 51 stories and be comprised of 450 condo residences and 133 hotel rooms.  The SLS branded hotel component will take up the first nine floors.  The residential units will be located on floors 10 through 51 with 11 units per floor.  The ninth floor will house most of the amenities such as a 200-foot long elevated pool, spa deck, HYDE Bar and Lounge and CIEL Spa.  The building will also have an 8,000 square foot ballroom, state-of-the-art fitness center, screening rooms and 3,000 square foot business center with private meeting rooms.  A residents-only rooftop pool and lounge will encompass the entire top floor.  On the ground-level, there will be three incredible restaurants, including Katsuya by Starck, Bazaar by Jose Andres and a restaurant by Michael Schwartz of Michael Genuine.  Each unit will come with one assigned parking space.

Please refer to my SLS Brickell Residences page for more information.  There, I have a full-color brochure, floor plans and video for the development.

To purchase a condo at SLS Brickell Residences, the payment structure is as follows:

• 10% at reservation – NOW!
• 10% at contract – June 2013
• 10% at ground-breaking – Fall 2013
• 10% at 25th floor slab – Mid-2014
• 10% at top-off – Mid-2015
• 50% at closing – Summer 2016

Contact me if  you have an interest in reserving a unit at SLS Brickell Residences.  You may reach me on my cell at 786-247-6332 or via email at [email protected].

7,400 Square Foot Penthouse at Villa Regina Sells for $1,925,000

Last week, a 7,400 square foot penthouse at Villa Regina traded hands for $1,925,000, or $260 per square foot.  The 6 bedroom, 6.5 bath condo also included 1,600 square feet of balcony and a remarkable six assigned parking spaces!  The  residence has 10-foot high ceilings and offers spectacular views of Biscayne Bay, Key Biscayne and Brickell.  There is no doubt that this penthouse was sold at an amazing price but – before anyone gets all worked up about how they missed out on the deal of the century – let it be known that this property needed a lot of work.  I had the opportunity to tour the penthouse about a month ago.  Conservatively, I felt that it would require at least $100 per square foot to turn it into a penthouse-quality residence by today’s standards.  Regardless, even after forking over close to three-quarters of a million dollars (or more) in renovations alone, it would be well worth it.  A condo this large, and at this price point, just doesn’t exist in Brickell.

One Thousand Museum Condos

To those not in the know, The Wall Street Journal article last week regarding One Thousand Museum helped to shed a lot of light on the closely guarded ultra-luxury pre-construction development before its formal unveiling later this month.  Although an image taken from a cell phone of the proposed residential high-rise had recently surfaced, the renderings which accompanied the article were the first to be made public by way of the developer.

The Wall Street Journal article is a great read, and I highly recommend it, but for those who like to get right to the point, here’s a quick rundown of what was shared regarding One Thousand Museum in the article:

• One Thousand Museum will cost $300M to construct.
• It will rise 706 feet and have an “exoskeleton” to eliminate the need for interior columns.
• According to the developers, the duplex penthouse at One Thousand Museum will likely be priced between $30M-$50M.
• Half-floor residences will have around 4,500 interior square feet.
• Full-floor residences will have around 9,900 interior square feet.
• Prices will range from $4M to $15M, or $900 to $1,400 per square foot.
• The average price per square foot for oceanfront units in Miami Beach that are currently under construction is $1,000 to $1,250.
• New construction prices for Downtown Miami is typically around $450 to $500 per square foot.
• One Thousand Museum “will be financed with a combination of developer equity, a loan from a nonbank investment fund and deposits of 60% from buyers”.

By the way, you can view the renderings which accompanied the article on my One Thousand Museum condos page.  Check them out there!

New Record: Buyer Pays $34M for Side-By-Side Penthouses in Miami Beach

Looks like this will be an amazing year for the Miami luxury real estate market.  Yesterday afternoon, Forbes reported that an undisclosed American buyer purchased side-by-side penthouses at The Residences at the Miami Beach Edition for $34M, breaking the previous sales record for condominiums in Miami-Dade County set just two months ago.  The Edition, a luxury beachfront hotel-condo variation, is currently under construction and is scheduled for completion in April 2014.  Hotelier, Ian Schrager, and world-renowned architect, John Pawson, have teamed up on The Editions project to deliver 26 of the most amazing condos in Miami Beach.  The Editions sales office opened less than four weeks ago and half of the development, yet to be completed, has already sold.

The Residences at The Miami Beach Edition condos for sale

Brand New, 25-unit Waterfront Development on Bay Harbor Islands

A few weeks ago, I had the opportunity to tour a brand new, 25-unit waterfront development in Bay Harbor Islands called Riva Bay Harbor.  It is so brand new that sales will not launch until later this month.  The common areas are being designed by esteemed interior designer Sam Robin.  Yes, the same Sam Robin who designed the common areas at 900 Biscayne Bay.  Anyone who has toured 900 Biscayne Bay can tell you that her work is brilliant.  She will be in charge of outfitting the lobby, fitness center and rooftop pool deck of Riva Bay Harbor. Those areas have yet to be completed but below you will find renderings for the lobby and pool deck.

Riva Bay Harbor will have a total of 25 units comprised of three and four bedroom condos ranging in size from 2,347 to 3,425 interior square feet. Four units, which have been designed and furnished by distinguished interior designers Steven G, Artefacto and SoJo Design, will serve as model units.  The rest of the units will be delivered decorator-ready.  Prices start at $1,060,000, or $452 per square foot.  Each of the two penthouses have 3,425 interior square feet plus an amazing 2,800 square foot rooftop terrace with direct access to the pool. 2 parking spaces come with each unit.  The development also has seven boat slips but prices have not yet been determined for those.

Riva Bay Harbor is within walking distance to the beach and the luxury Bal Harbour Shops.  Directly across the street is Ruth K. Broad K-8 Center which is one of the best elementary schools in the state.

Below are some pictures that I took while on my tour.  Contact me if you have an interest in learning more about this beautiful waterfront development before it opens to the public later this month.

A Look at the Life of Zaha Hadid

Bi-Level Oceanfront Penthouse with His & Hers Rooftop Terraces in Sunny Isles Beach

In my time selling real estate, I have seen plenty of his & hers bathrooms.  I have also seen a plethora of his & hers walk-in closets.  Before last Saturday, however, I had never seen his & hers rooftop terraces off the master bedroom.  That was a first for me. That day, I picked up an amazing listing for a bi-level penthouse in an oceanfront building called Ocean Two in Sunny Isles Beach.

The minute you get off the private elevator and enter through your double doors, you are greeted by the sight of the serene Atlantic Ocean.  The entire residence has been tastefully designed and furnished by designer extraordinaire Steven G and is being sold as-is with all the furnishings included.  The walls throughout the condominium have been beautifully done in Venetian plaster and the long, flowing curtains in the great room call attention to the towering floor-to-ceilings windows.

As you will see in the pictures throughout this post, everything about this luxury penthouse is magnificent.  Besides the foyer and great room, the first level also contains three of the four bedrooms, two and a half bathrooms, two balconies and the kitchen.  Things start to get unique and spectacular up on the second level, however.  The entire upper floor is one humungous master suite.  After ascending the grand staircase, it is there that you will find a beautifully appointed master bedroom with hard wood floors.  To the left and right you will find a separate 700 square foot terrace.  The one on the southeast side of the master bedroom has a hot tub on it while the one on the southeast side sits empty.  The walk-in closet off the master bedroom is incredibly spacious and the master bathroom features a Jacuzzi tub, glass-enclosed shower, bidet and his and hers sinks.

This 4 bedroom penthouse spans across 3,265 interior square feet and a total of about 1,800 exterior square feet.  The asking price is $2,999,999.  This is a pocket listing, however, so you will not find this property listed on the MLS or anywhere else for that matter.   Contact me if you have any questions or a genuine interest in purchasing this unique and palatial penthouse residence.  You can reach me on my cell at 786-247-6332 or via email at [email protected].