Below, you will find a video tour of unit 2001 at Apogee. Apogee is located at 800 South Pointe Drive in the South of Fifth neighborhood of South Beach. Apogee is considered to be one of the finest condo buildings in all of South Florida. Unit 2001 is a 4 bedroom + media room/3.5 bath condo with 4,154 square feet of interior and 2,441 square feet of terrace. The asking price of this 20th floor corner unit is $7.75M, or $1866 per square foot. Unit 2004, a 4 bedroom of the same size located on the opposite corner, closed in July 2008 for $7.3M, or $1757 per square foot. It was sold decorator ready just as unit 2001 is being sold. Contact us at 305-428-3860 if you have any questions or would like to visit unit 2001 in person.
900 Biscayne Bay condos still remains my favorite of all of the condominium high-rises built in Miami within the past ten years. The quality of the building and units is unmatched and it has some of the most spectacular amenities of any building that I’ve encountered. I think after viewing the high definition video below you’ll see exactly why I feel that way.
At this time, about 80 percent of the units at 900 Biscayne Bay have closed or are under contract. The building is Fannie Mae approved. Contact us at 305-428-3860 if you have an interest in viewing 900 Biscayne Bay in person or would like to discuss developer inventory.
Most of you have probably already begun to realize that the utilization of video is becoming an increasingly important part of our business. We are currently in the process of developing a new website that will showcase these videos. Our hope is that a video library of properties and buildings will allow non-local buyers to narrow down their options prior to arriving in South Florida in a way that words and pictures cannot convey. This will allow them to best utilize their time while in town and find the real estate that best suits their needs. Meanwhile, the Miami Condo Investments website will continue to improve and provide the content that allows buyers and sellers to research the South Florida condo market like no other.
Above, you’ll find a video tour of Marina Blue. It’s a thorough, high-quality video of the common areas and amenities in the building. In time, we hope to do the same with other condo developments in South Florida. Oftentimes, approval from the condo board or property manager is required in order to capture such footage. Please contact us if you’re a property manager or sit on the board of a well known condo development in South Florida. We’ll cover the expense and be sure that the building is thoroughly captured as is achieved in the video below.
Marina Blue 2 Bedroom on the 54th Floor – Video
For those of you looking for a spacious 2 bedroom with a breathtaking view, look no further. We have a very well priced listing at Marina Blue located on the 54th floor with views of Biscayne Bay, the Atlantic Ocean, Downtown Miami, Key Biscayne and the Miami Beach skyline. It’s a 2 bedroom/2.5 bath condo with 1,663 square feet of interior and 10-foot ceilings with floor-to-ceiling, hurricane-resistant windows. This is a “decorator-ready” unit. The list price is $540,000 or $325 per square foot. Within the past six months, eight 2 bedroom condos at Marina Blue have closed. These eight units sold in the range of $289-$431 per square foot. In case you’re wondering, the one that sold for $431 per square foot was also a “decorator-ready” unit.
Out of curiosity, I wanted to see just how well priced this listing is compared to other recently built large 2 bedroom condos not only in Downtown Miami but also Brickell and Brickell Key. I did a search in the MLS using the following criteria:
2 Bedroom
Minimum of 1,600 square feet
Located in Downtown Miami, Brickell or Brickell Key
Building completed in the year 2000 or later
Our listing is the third best priced condo in those areas using the above search parameters and it’s not a short sale or foreclosure. The best priced listing is a short sale at Courts at Brickell Key with 1,626 square feet of interior and an asking price of $499,000. The second best priced unit is a foreclosure at Ten Museum Park with 1,794 square feet of interior and an asking price of $531,000. Neither has a view that even compares to unit 5404 at Marina Blue. Take a look at the video below to get an idea of what it feels like to live in the sky and enjoy one of the best views in Miami.
If you’re a buyer and would like view this 2 bedroom condo in person, please call 305-428-3860 to schedule a showing. Broker participation is welcome.
Setai Penthouse Reduced to a Cool $19,999,999
Penthouse B at The Setai is one of the most visually stunning pieces of real estate in South Florida. The 10,000 square foot penthouse was reduced last month to $19,999,999 from a previous asking price of $22M. In February 2006, the sellers were asking a whopping $34M. The fully furnished 4 bedroom/4.5 bath penthouse has approximately 6,200 square feet of interior space and 3,800 square feet of terrace which includes a lavish private pool and hot tub. Encompassing the entire 40th floor at The Setai, Penthouse B offers 360 degree views.
Marina Blue Unit 5108 Closes for $431 Per Square Foot
Earlier this afternoon, unit 5108 at Marina Blue closed for $575,000, or $431 per square foot. The unit was decorator-ready and there weren’t any seller concessions. The reason why I know this is because it was my listing.
The sale of unit 5108 marks the highest price per square foot sale at Marina Blue for 2009. Earlier this year, I discussed an opportunity to purchase condos at Marina Blue for as low $156 per square foot. Additionally, the asking price for penthouse condos at Marina Blue started as low as $307 per square foot. These bulk prices were offered to those who were able to purchase 5 or more condos. However, the retail prices were excellent as well for those who wished to purchase only one condo. Retail prices started at $188 per square foot. One of my clients was able to acquire a penthouse condo for $362 per square foot. One 08 line unit was available at that time at a bulk price of $226 per square foot or a retail price of $272 per square foot. The 53 units that were available for sale in June all went under contract within the first 2 weeks. That opportunity has come and gone. The sale of unit 5108 just goes to show that there were some outstanding opportunities to be had in 2009 if you looked in the right place and didn’t have your mind made up before hearing the deal.
Ten Museum Park Penthouse Sells for $250 Per Square Foot
A 5 bedroom + den/6.5 bath, three-story penthouse sold for $250 per square foot at Ten Museum Park on November 6, 2009. The penthouse, with 20-foot ceilings, has 5,394 square feet of interior, 1,779 square feet of terrace and a private dipping pool on the roof. Prices have come down considerably at Ten Museum Park within the past 18 months. About a year and a half ago, a 3 bedroom/4.5 bath penthouse at Ten Museum Park sold for $622 per square foot. Although it was one of the first to be completed during this past condo boom, unsold developer inventory at Ten Museum Park still remains. I recently received an email stating the developer was looking to let all remaining lofts go for $300 per square foot. It’s going to be difficult to justify that amount when a penthouse just sold for $250 per square foot.
Paramount Bay Penthouse
The long awaited Paramount Bay is now available for purchase. I had a chance to tour the building last week and take a look at some spectacular penthouse condos. Paramount Bay is the most technologically advanced residential building in the city of Miami. It is completely wired with fiber optics for Internet, telephone and cable which are included in the monthly maintenance fees. Additionally, channels from over 30 countries are available through the digital cable provider. Each and every unit comes with a P:Link tablet system which allows you to control and monitor lighting, music, window treatments, etc. from anywhere in the world. Each unit also comes with one assigned parking space plus one complimentary valet space. Additional spaces are available for purchase. There are three floors of parking with a total of 600 (correction: 595) spaces available. All of the condo residences have a private elevator and 10-foot ceilings. Monthly HOA fees are 55 cents (correction: 65 cents) per square foot which are fixed for the first two years. The building is expected to be Fannie Mae approved by the end of the month. I also know a lender who can do stated income/stated asset loans at 60 percent LTV for foreign national clients.
Paramount Bay has a total of 46 floors but the penthouse condos are staggered across the building. There are a total of 11 penthouse units. The most appealing aspect about the penthouses at Paramount Bay is the size of the terraces. They are enormous! These were made for people who love to entertain outdoors for a large group of people. Another interesting feature of the penthouses is that they each come with a maid’s quarters that is located outside the unit.
The penthouse in the pictures below has 3,455 square feet of interior and an amazing 3,089 square feet of terrace.
All of the appliances hadn’t yet been installed in the penthouse I saw. The unit will have 2 Sub-Zero refrigerators, 2 Wolf ovens, 2 microwaves and 1 full height Sub-Zero wine bottle refrigerator.
Every unit in the building has a direct view of Biscayne Bay and the Miami Beach skyline.
The master bedroom
Master bathroom
Air jet Jacuzzi tub
The penthouse master bathroom has a glass-enclosed shower with a rain shower head, handheld shower wand and body jets.
All units in the building have a dual flush toilet. This is a great eco-friendly feature and will end up saving the HOA money.
Second bedroom also has a direct water view.
Second bathroom
Third bedroom faces west
Full-sized side-by-side washer and dryer
Three shots of the maid’s quarters which is located across the hall from the unit. It comes equipped with a full bathroom.
The terraces are an entertainer’s dream
The condo docs do not contain covenants against the placement of a hot tub, pool or outdoor kitchen. In fact, the terraces were poured with 12 inches of reinforced concrete with the purposes of supporting the weight of a pool or hot tub.
Ten Recent Multi-Million Dollar Condo Closings in Miami-Dade County (Past 6 Months)
The following are the 10 highest luxury condo sales that have closed in Miami-Dade County within the past six months:
Continuum South Tower – Penthouse 1 – 5 bedroom/7.5 bath (7,374 square feet) – This penthouse sold for $9,900,000, or $1,343 per square foot, on May 15, 2009. It was listed for $14,950,000.
Apogee South Beach – Unit 1104 – 4 bedroom/5 bath (4,154 square feet) – This condo sold for $6,000,000, or $1,444 per square foot, on May 4, 2009. It was listed for $6,800,000.
Apogee South Beach – Unit 1404 – 4 bedroom/3.5 bath (4,154 square feet) – This condo sold for $6,000,000, or $1,444 per square foot, on June 17, 2009. It was listed for $6,800,000.
Apogee South Beach – Unit 1201 – 4 bedroom/3.5 bath (4,154 square feet) – This condo sold for $5,450,000, or $1,312 per square foot, on July 23, 2009. It was listed for $5,750,000.
One Bal Harbour – Unit 2008 – 4 bedroom/4.5 bath (5,266 square feet) – This condo sold for $5,200,000, or $987 per square foot, on September 29, 2009. It was listed for $6,299,000.
Acqualina – Penthouse 4506 – 5 bedroom/6 bath (6,419 square feet) – This penthouse sold for $4,999,000, or $779 per square foot, on August 2, 2009. It was listed for $7,900,000.
Apogee South Beach – Unit 1101 – 4 bedroom/3.5 bath (4,154 square feet) – This condo sold for $4,800,000, or $1,156 per square foot, on July 30, 2009. It was listed for $4,999,990.
Ocean Tower I – Unit 401 – 4 bedroom/5.5 bath (5,403 square feet) – This condo sold for $4,600,000, or $851 per square foot, on June 9, 2009. It was listed for $5,490,000.
Apogee South Beach – Unit 1902 – 3 bedroom/3.5 bath (3,103 square feet) – This condo sold for $4,300,000, or $1,387 per square foot, on September 30, 2009. It was listed for $4,975,000.
Oceanside at Fisher Island – Unit 7161 – 3 bedroom/4.5 bath (3,959 square feet) – This condo sold for $3,950,000, or $998 per square foot, on June 1, 2009. It was listed for $4,500,000.
