Just Sold – Penthouse 12 at The Ritz-Carlton Residences Miami Beach – Sold for $15M
Lucas Lechuga of the Miami Condo Investments Team at Luxe Living Realty is proud to announce the sale of Penthouse 12 at The Ritz-Carlton Residences Miami Beach. At $15,000,000 and $2,369 per square foot, the sale is (1) a record-breaking sale for the building, (2) the highest-priced sale for a bayfront condo on Miami Beach since 2013, and (3) the highest-priced sale on a per square foot basis for a bayfront condo on Miami Beach since 2012. With an astounding 8,600 square feet of OUTDOOR space (including a 40-foot-long rooftop pool and whirlpool spa), 13.5-foot-high ceilings, and some of the best views in Miami Beach, Penthouse 12 is truly a one-of-a-kind property.
The Ritz-Carlton Residences Miami Beach Penthouse 12 Residence Features
Bedrooms: 4
Bathrooms: 5.5
Ceiling Height: 13.5 feet high
Living Area Sq Ft: 6,332
Terrace Sq Ft: 8,578
Rooftop pool deck with 40-foot-long pool and whirlpool spa
Hot tub
Private elevator foyer
Boffi-designed kitchen by Piero Lissoni
Gaggenau kitchen appliances
Zucchetti plumbing fixtures
Boffi-designed bathrooms by Piero Lissoni
Jetted soaking tub in the master bathroom
Private, air-conditioned parking garage
Boat slip
Penthouse 12 floor plan
The Ritz-Carlton Residences Miami Beach Amenities
Legendary 5-star Ritz-Carlton services
Half-acre rooftop pool deck
Private captained day yacht
House car
Beach concierge services for beach club access
Two 24-hour attended lobbies
24-hour valet parking service
Waterfront social room with bar, catering kitchen and
state-of-the-art entertainment system
Expansive infinity-edge pool with waterfall
Spacious private poolside cabanas
Poolside grille restaurant
Private BBQ/dining area
Meditation garden
Clubroom with bar, virtual golf, and pool table
Cinema-style screening room
On-site spa with Steam room, sauna, and treatment suite
Whirlpool Spa
State-of-the-art fitness center
Indoor & outdoor yoga studios
Boardroom/Library
Art studio
Kids room
Sharing room
Carwash facilities
Dog walk
Pet grooming room
Daughter of Auto Dealership Magnate Scores Killer Deal at One Thousand Museum
Fierce negotiating skills must run in the family. In recent months, Andi Potamkin, daughter of South Florida auto dealership magnate Alan Potamkin, scored an astonishing deal at One Thousand Museum. According to public records, this past June, she purchased from the developer a half-floor residence for $3,375,000, or $734 per square foot. To put that deal into perspective, the developer of One Thousand Museum had presold (before the building was completed) unit 2501, one floor immediately below Potamkin’s residence, for $6,265,000, or $1,362 per square foot.
Wowsers! It doesn’t get better than that. In fact, not only does Miss Potamkin’s purchase represent a 46 percent discount from the condo sold just one floor below, but it also marks the lowest that a condo at One Thousand Museum has sold to date on price AND price per square foot bases. On the other end of the spectrum, earlier this year, David and Victoria Beckham purchased a full-floor penthouse (exactly twice the size and over twice as high up as Miss Potamkin’s residence) for $19,800,000, or $2,152 per square foot.
In other One Thousand Museum news, celebrity restaurateur and nightclub owner David Grutman recently moved into the building, albeit temporarily. Grutman plans to live at One Thousand Museum until his new home on North Bay Road is completed. Grutman recently acquired the property located at 2050 North Bay Road from Spanish musician Alejandro Sanz but plans to demolish the house currently residing there. Grutman then plans to build a two-story house with 14,000 square feet and landscaping by award-winning landscape architect Raymond Jungles.
Introducing the Condo Market Stats Page
It is with great pleasure that I introduce our recently released Condo Market Stats page. With it, you’re able to quickly compare a variety of market statistics of major condo developments located throughout Miami-Dade County. There’s nothing like it on the market, and the best thing about it is that it’s completely free.
Have you ever wondered which condo development has the most pending sales? Or which has the highest percentage of units currently available for sale? Or which of them has the most sold units within the past six months? By using our Condo Market Stats page, these, along with a number of other questions, can easily be answered.
We also included the ability to compare the market statistics of neighborhoods to one another. For example, have you ever wondered which neighborhood is the priciest? Or which has sold at the highest price per square foot over the past six months? Or which neighborhood has the highest percentage of units available for sale? Our Condo Market Stats page can provide those answers with a few simple clicks of the mouse or taps of your fingertip.
In the months ahead, we plan to add a number of other statistics to the Condo Market Stats page. We want it to be a one-stop-shop for anyone looking to crunch numbers in order to make a well-informed purchase decision. Long-term, my vision for this page is to have a database of daily data points so that users will be able to compare today’s statistics with yesterday’s, last month’s, last year’s, etc. That’s where the real value of analyzing market statistics lies. How do Q2’s stats compare to Q1’s? Or how do Q2 2020’s stats compare to Q2 20219’s? By my estimation, we’re about 9 to 12 months away from being able to develop and deliver that kind of sophisticated functionality. In the meantime, enjoy the current version of the Condo Market Stats page. We’d love to receive any comments or feedback you have about the page.
Virtually Tour a 3-Bedroom Condo at Jade at Brickell Bay
If you’re like most, you’re stuck at home waiting for this lockdown to end. But just because you’re home doesn’t mean you can’t use the time to virtually explore property. If you’ve never had the opportunity to tour a three-bedroom condo at Jade at Brickell Bay, here’s your chance. It’s a generously-sized residence with 2,130 interior square feet.
Unit 4305 at Jade at Brickell Bay is a three-bedroom, three-bathroom flow-through residence with east and west exposures. From the living room, kitchen, and master bedroom, enjoy direct, unobstructed views of the Atlantic Ocean and Biscayne Bay from the 43rd floor. The second and third bedrooms are located on the west side of the residence with views of the city. The unit has two spacious balconies (one on either side of the residence) and includes three assigned parking spaces plus one complimentary valet parking space.
Below is a 3D, virtual reality tour of unit 4305 at Jade at Brickell Bay:
With an asking price of $1.75M, unit 4305 is currently the best-priced three-bedroom unit in the building. Earlier this year, units 3307 and 2705 (both three-bedroom residences of the exact same size) sold for $1.785M and $1.69M, respectively.
Below is the floor plan for unit 4305 at Jade at Brickell Bay:
Virtual Reality Tour of a Trophy Penthouse in Downtown Miami
In a time where most of us in this world are constrained to the confines of our homes, virtual reality offers an escape from the monotonous, melancholic doldrums. For the real estate industry at large, virtual reality provides an opportunity for prospective buyers to virtually experience faraway properties from the comfort of their living rooms. And make no mistake about it, with the use of a virtual reality headset, the experience can feel lifelike.
So that you can experience it for yourself, below, I’ve included a 3D virtual reality tour of my trophy penthouse listing at 900 Biscayne Bay. Again, to get the FULL experience, you will need a virtual reality headset but, even without one, you can still appreciate the awesomeness of this technology. Just be sure to watch it in full-screen mode.
The virtual reality tour below begins as you exit the elevator into the private elevator foyer. From there, the right-hand side of the residence includes the salon, kitchen, dining area, living room, master bedroom, and master bathroom while the left-hand side includes the media room, second and third bedrooms, second and third bathrooms, half bathroom, and laundry room.
To view additional virtual reality tours of Miami luxury real estate, visit our recently launched Virtual Reality Lounge.
Photo Tour of Ugo Colombo’s 64-story Brickell Flatiron Condo Tower
CMC Group, headed by luxury developer Ugo Colombo, has officially delivered its 64-story Brickell Flatiron condominium tower and, just like that, Miami’s most recent condo cycle has come to a close. The first closing at Brickell Flatiron took place on November 1, 2019, and since then, over 400 deeds have been recorded. According to a December press release, CMC Group paid off its $236 million construction loan for Brickell Flatiron within 30 days of receiving its temporary certificate of occupancy (TCO).
The 736-foot-tall skyscraper (currently Miami’s fourth-tallest building) was designed by internationally-acclaimed, Miami-based architect Luis Revuelta. With its flatiron shape and curved, flowing glass-balconies, Revuelta’s design has added yet another iconic skyscraper to Brickell’s ever-growing skyline. Located at 1000 Brickell Plaza, Brickell Flatiron will add 527 condo residences to Miami’s housing stock once all units have sold and closed.
Last week, I was given a private tour of Brickell Flatiron and can tell you firsthand that Colombo’s long-awaited tower was well worth the wait. The common areas at Brickell Flatiron were designed by Italian design architect Massimo Iosa Ghini with commissioned artwork by legendary artist Julian Schnabel. The 64th-floor amenities at Brickell Flatiron include a rooftop pool deck with pool, hot tub, and cabanas; a 6,300-square-foot state-of-the-art fitness center; and a full-service spa with His and Hers steam room, sauna, and locker facilities. On the 17th and 18th floors, additional amenities can be found, such as a children’s playroom, movie theater, lap pool, event space, cigar room, and billiards & wine room. Brickell Flatiron also offers 24-hour valet parking service; a 24-hour, full-service concierge; and charging stations for electric vehicles.
With Brickell Flatiron, Colombo, who is well-reputed for delivering uncompromised details and finishes, has cemented himself as Miami’s preeminent developer.
Open House – Jade at Brickell Bay 3-Bedroom Condo – February 6, 2020
On Thursday, February 6, 2020, from 12:00 pm to 3:00 pm, come join me and Natalia Betancur as we open to the public and fellow brokers unit 4305 at Jade at Brickell Bay, our exclusively listed three-bedroom condo.
Unit 4305 is an east-to-west, flow-through residence featuring three bedrooms, three bathrooms, 2,130 interior square feet, two expansive and deep balconies, marble flooring throughout, a private elevator, laundry room, stainless steel kitchen appliances, and floor-to-ceiling glass windows offering sweeping views of the Atlantic Ocean and Biscayne Bay from the 43rd floor. Asking $1,750,000, unit 4305 is the best priced three-bedroom residence in the entire building. The most recent three-bedroom unit (located 16 floors lower on the 27th floor), sold last month for $1,690,000.
Spacious Floor Plans Rule the Day at Paramount Miami Worldcenter
Last week, clients of mine closed on two separate units at Paramount Miami Worldcenter – unit 4305 (a 1 Bedroom + Den, 2 Bath residence) and unit 4312 (a 3 Bedroom + Den, 4 Bath residence). According to the developer floor plans, the one-bedroom unit has 1,386 interior square feet while the three-bedroom unit has 2,320 interior square feet – both very large floor plans compared to what we’re used to seeing from developers in Miami. At each unit’s walk-through, I was pleasantly surprised to see that the actual square footage seemed to match what was stated in the developer floor plans…such a breath of fresh air to see a developer actually deliver to buyers the square footage that was promised.
And the two above-noted floor plans are not the exception but the rule; all of the standardfloor plans at Paramount Miami Worldcenter are very spacious. I italicized the word “standard” because the developer sub-divided some of the floor plans near the pool deck to create studios and smaller one-bedroom residences. However, even those smaller floor plans are quite sizeable. The standard one-bedroom units at Paramount Miami Worldcenter range from 1,294 to 1,386 interior square feet; the two-bedroom units from 1,630 to 1,753 interior square feet; and the three-bedroom units from 2,320 to 2,376 interior square feet. Additionally, all standard residences at Paramount Miami Worldcenter have 10-foot high ceilings with floor-to-ceiling glass windows and a full-size laundry room.
Above and below are photos of unit 4305 at Paramount Miami Worldcenter – the 1 Bedroom + Den, 2 Bath residence – which I recently listed for rent for $4,200 per month. Keep in mind, this unit has 1,386 interior square feet. That’s larger than most two-bedroom units in Miami, and the den that it has is the size of most second bedrooms. The owner of this unit is in the process of building out all of the closets, installing wall-mounted shelving in the laundry room, installing shades on all windows, and tiling the balcony.
With 1,386 interior square feet, the 05 line is the largest one-bedroom floor plan at Paramount Miami Worldcenter. However, what really separates it from the other one-bedroom floor plans is the view. The 05 line is the only one-bedroom floor plan at Paramount Miami Worldcenter that faces east, meaning that it is the only one that overlooks the huge resort pool deck and has views of the water.
All units at Paramount Miami Worldcenter include two parking spaces (one assigned space plus one valet-only space). Additionally, covered by the HOA dues, each unit includes high-speed internet, cable TV, water, sewer, and trash removal.
Gran Paraiso – the fourth and final tower of Related’s Paraiso District – has been completed. The 54-story condo development began closings on January 9th. To date, over 225 of the building’s 317 total units have closed (over 70 percent).
Gran Paraiso was designed by international architecture firm Arquitectonica with interiors and common areas designed by famed Italian designer Piero Lissoni. The non-penthouse residences at Gran Paraiso are comprised of one-, two-, three-, and four-bedroom options ranging in size from 1,075 to 2,232 interior square feet plus balcony. Each and every unit at Gran Paraiso offers direct, sweeping views of the water.
Perhaps the most amazing thing about Gran Paraiso is the quantity and quality of its amenities. To be fair, it’s perhaps the most amazing thing about Gran Paraiso AND Paraiso Bay because the two towers share amenities. When Paraiso Bay was delivered last April, it was said that roughly only 40 percent of its overall amenities were completed. That figure was almost incomprehensible because the amenities that were delivered at the time seemed plenty when compared to projects of similar size. (Keep in mind, Paraiso Bay has only 346 total units while Gran Paraiso has just 317).
The amenities that were delivered last April included a large clubroom with billiards table and catering kitchen; private screening theater; wine cellar and tasting salon; a cigar lounge with private humidors; teen’s game room; children’s playroom; a fitness center (albeit a smaller, temporary one); and a three-acre-plus, resort-style amenities deck with a dramatic circular zero-entry pool, outdoor spa, poolside cabanas, and summer kitchen.
Now, with the completion of Gran Paraiso, comes the rest of the amenities, which include a much larger, state-of-the-art fitness center with TechnoGym fitness and cardio equipment; a spin room equipped with TechnoGym bikes; indoor sports facilities with three bowling lanes, two billiards tables, two foosball tables, and high-definition golf simulator; Hammam spa with separate men’s and women’s steam and sauna facilities; and tennis center with lighted tennis courts and multipurpose court. Of those recently-delivered amenities, perhaps the most anticipated has been the bowling lanes. My photographer photographed it a few weeks ago on the day of its official opening and the management office already had reservations booked for several weeks in advance.
When added all together, one could easily make the argument that the amenities shared by Gran Paraiso and Paraiso Bay are the best in town. Related Group has delivered something enjoyable for all ages in this amenities-packed wonderland.
Over the past year, I’ve had the distinct pleasure of touring upon completion each of Related’s four Paraiso buildings with Carlos Rosso, President of Related. “We have created a luxury private neighborhood in Edgewater that will transform the area like we have done in the past with South of Fifth and Downtown Miami; Related has been the first developer to move in and redefine a whole area,” said Rosso. In Paraiso District, Related has brought interior designers from all over the world, including United Studio from London for Paraiso Bay, Piero Lissoni from Milan for One Paraiso and Gran Paraiso, Karim Rashid from New York City for Paraiso Bayviews, and, finally, Meyer Davis also from New York City for Amara Beach Club.
