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.
Alex Rodriguez & Cameron Diaz House Hunt in Miami Beach
Yesterday afternoon, Alex Rodriguez and Cameron Diaz were spotted house hunting in Miami Beach. The Yankees All-Star and Hollywood actress viewed a 6 bedroom/5.5 bath waterfront home in Miami Beach. The home is currently on the market for $5.35M. Rumors of an imminent engagement of the two lovebirds have circulated the Internet for weeks. Some speculate that a marriage proposal will be made as soon as Valentine’s Day. The couple’s latest plan to purchase a home together certainly seems to suggest that the rumors hold water. Only one question now remains, will Cameron allow the two centaur portraits Alex has of himself to hang on the walls of their future home?
Only 40 Developer Units Remain at 900 Biscayne Bay
I was notified earlier today that only 40 developer units remain at 900 Biscayne Bay. It seems highly likely that 900 Biscayne Bay will be the first luxury condo development in Miami to sell out completely of those constructed during the recent housing boom. My guess is that the building will sell its last developer unit some time towards the end of April. The amenities and common areas at 900 Biscayne Bay are second to none which helps to explain why pricing has fared so well despite the downturn in the market. The building also has strong financials. I was recently informed that the association has $2M in reserves. It is rare to find a building in Miami that can boast such stability. Be sure to check out the video below if you wish to learn more about 900 Biscayne Bay. Feel free to call us if you have any questions or would like to tour the building.
First Resale at Marquis Residences
The first resale has closed at Marquis Residences. A 4 bedroom/4.5 bath, bi-level condo recently sold for $1.85M, or $487 per square foot. The unit has 3,800 square feet of interior, 428 square feet of terrace and a stunning view from the 57th floor. Also, the original owner didn’t spare any expense in building out the unit. According to the MLS listing, over $300,000 was spent on build-out improvements. Developer inventory still remains so give us a call if you have an interest in purchasing a luxury condo at Marquis Residences.
4,400 Square Foot Luxury Condominium at Acqualina in Sunny Isles Beach to be Auctioned
A remarkable 4,400 square foot 3 bedroom/2.5 bath condo at Acqualina is set to be auctioned February 12, 2011. The flow-through unit offers unobstructed views of the Atlantic Ocean to the east and of the Intracoastal Waterway to the west from the 38th floor. The unit will be sold furnished along with advanced technology features such as a Crestron system and remote controlled window treatments. The luxury condo is a private residence, not a condo-hotel unit, but is still afforded all of the building amenities such as 24-hour security, 24-hour valet parking, 3 pools, room service, housekeeping, 20,000 square foot oceanfront spa and 2 restaurants. Previously offered for over $5.4M, the property will be auctioned to the highest bidder at or above $3.3M.
The luxury condo sales of 2010 exceeded the expectations of many with two condos selling over $10M and another three selling within $1.3M of it. Before we kick 2011 into full gear, let’s take a look back at the top 5 luxury condo sales of 2010.
Setai – Penthouse B – 4 bedroom/4 bath (6,208 square feet) – This condo sold for $15M, or $2,416 per square foot, on June 4, 2010.
Santa Maria – Penthouse 4901 – 3 bedroom/5 bath (10,000 square feet) – This condo sold for $11M, or $1,100 per square foot, on May 21, 2010.
Fontainebleau II – Penthouse NO – 5 bedroom/5 bath (4,500 square feet) – This condo sold for $9M, or $2,000 per square foot, on May 14, 2010.
The Gables Club – Tower Suite A – 3 bedroom/6 full bath/2 half bath (10,190 square feet) – This condo sold for $9M, or $883 per square foot, on July 20, 2010.
One Bal Harbour – Penthouse 2108 – 4 bedroom/4.5 bath (5,262 square feet) – This condo sold for $8.7M, or $1,653 per square foot, on May 25, 2010.
900 Biscayne Bay Video Tour
Be sure to check out the video above if you haven’t had an opportunity to tour 900 Biscayne Bay. The high-quality, professionally shot video will help you understand why 900 Biscayne Bay is so highly regarded by foreign and domestic buyers alike. 900 Biscayne Bay offers some of the most breathtaking views in Miami along with unmatched quality and timeless elegance. The video is complete with audio narrations by Pedro Martin, the developer of 900 Biscayne Bay, and Sam Robin, the interior designer. You can find floor plans for 900 Biscayne Bay as well as additional pictures at www.900BiscayneBayMiamiCondos.com or our 900 Biscayne Bay building page. Contact us at 305-428-3860 if you are interested in learning more about 900 Biscayne Bay or inquiring about the availability. Developer inventory is running low. This could be your last opportunity to purchase a condo at 900 Biscayne Bay at reduced prices.
Santa Maria Penthouse Back on the Market – $14.9M
As you may recall, Penthouse 4901 at Santa Maria was a bank-owned foreclosure that came onto the market this past May at an asking price of $12.9M. Later that same very day, the status of the listing changed to “closed sale” and showed a purchase price of $11M, or $1100 per square foot. Earlier today, I noticed that the amazing, 10,000 square foot penthouse at Santa Maria was re-listed last month, on September 10th, at an asking price of $14.9M, or $1490 per square foot. There’s no question that Penthouse 4901 at Santa Maria is one of Miami’s most coveted luxury penthouses. It will be interesting to see how long it remains on the market before garnering the interest of another buyer. I’ll be sure to keep the penthouse on my radar and report the sales price after it closes.
View additional pictures and listing information for Santa Maria PH4901.
40 South Hibiscus Drive in Miami Beach
I’ve had my eye on 40 South Hibiscus Drive in Miami Beach for quite some time. It’s a modern, ultra-chic, waterfront luxury home on Hibiscus Island. The 8 bedroom/8 bath/2 half bath mansion was designed by international award winning architect Chad Oppenheim, well known for his work on Ten Museum Park which is located in Park West. The 8,000 square foot home resides on a 24,000 square foot lot with 120 feet of prime waterfront and a boat dock. 40 S Hibiscus Dr, completed earlier this year, comes equipped with 82 feet of pool spanning two sides of the property, a covered outdoor kitchen and BBQ area, Miele kitchen appliances, floor to ceiling impact-resistant windows and doors, Kreon low voltage lighting, a 80kW generator and a fully integrated Crestron electronics system that gives you full control of the home from anywhere in the world.
Yesterday, the asking price of the home was reduced by over $1M from $13,995,000 to $12,900,000. My prediction is that 40 S Hibiscus Dr will be the next $10M+ home in Miami Beach to go under contract and will do so by year’s end. Luxury real estate in Miami Beach is doing quite well and there’s no reason for this prime piece of real estate not to be scooped up soon.
