Late last Friday afternoon prices were slashed at Icon Brickell. In the video below, we provide an overview of the Icon Brickell price reduction and end the show with the morning-breaking news that Dwyane Wade and Chris Bosh will sign with the Miami Heat tomorrow.
Earlier this week, the 5,034 square foot 5 bedroom penthouse at Imperial at Brickell that we featured this past May was reduced from $1,490,000 to $1,199,999, or $238 per square foot. The unit has an amazing 4,000 square foot terrace with direct views of Biscayne Bay and Key Biscayne. Take a look at the video below for a tour of the Imperial at Brickell penthouse. Call us at 305-428-3860 or email us at [email protected] to schedule a showing.
Miami Condo Investments is happy to announce the launch of two new websites. The first of the two, is a building specific website called Marina Blue Miami Condos. The website has been in the works for the past two months and I’m more than pleased with the end result. The Marina Blue floor plans for each of the residences in the building are included so be sure to check those out. We have plans to launch four similar building specific websites within the next 3-4 months, the first of which will be Marquis.
LeBron James, and the possibility of him signing with the Miami Heat, has been a hot topic as of late in not only the local media but national media as well. If the Miami Heat organization is indeed able to sign King James, the positive economic impact to the city will be tremendous. Furthermore, the growth of Downtown Miami will dramatically be accelerated. In an effort to be first to market and capitalize on this very plausible scenario, we decided to launch LeBron’s Future Miami Penthouse in an effort to not only promote the Marina Blue Miami Condos website but also the 4,198 square foot penthouse currently available for sale at Marina Blue. We felt that the proximity of Marina Blue to the American Airlines Arena and the stunning view that can be enjoyed from the largest residence in the building made it a perfect fit for what we had in mind.
Yesterday, the spectacular 6 bedroom/7.5 bath penthouse at Jade Beach went under contract providing additional evidence that the luxury market in South Florida is flourishing. The 3-story penthouse has 8,210 square feet of interior and 5,791 square feet of terrace. The asking price is $11M, or $1340 per square foot, and is being offered fully furnished. No word yet on who the buyer might be or how much was offered.
Recent Luxury Sales within the Past 30 Days
In this episode, we provide an update regarding the developer blowout sale at The Plaza on Brickell that started last Thursday. We also touch upon pricing at Icon Brickell and discuss news regarding Marquis. We end the show by highlighting four noteworthy foreclosures that came onto the market since last Friday.
Last Friday, Penthouse B at The Setai sold for $15M, or $2416 per square foot. No word yet on who acquired the breathtaking, South Beach luxury penthouse. The previous owner purchased the unit directly from the developer in 2004 for $9.5M. From my knowledge, the recent sale is the highest priced condo sale to ever take place in Miami-Dade County.
Pictures and an e-brochure of Penthouse B at The Setai
For inquiring minds, Penthouse A at The Setai came onto the market this past April. The unit has the same square footage as Penthouse B. The asking price is $27M, or $4349 per square foot, which currently makes it the second highest priced condo listing in Miami-Dade County.
Yesterday afternoon, we launched the Miami Real Estate Review FaceBook Fan Page. We have big plans for the fan page so be sure to add us. Starting next week, we will provide daily updates in regards to the Miami real estate market. Important market news, recently closed sales and the best real estate deals currently on the market will be highlighted. The information will be provided in an abridged, concise manner to allow daily updates to be made possible. Of particular note to some, the Miami Real Estate Review Fan Page will have a discussion forum. Participants will be able to create discussion topics and provide their input.
Earlier this afternoon, a penthouse foreclosure at Santa Maria came onto the market with an asking price of $12.9M. It’s a two story condo with 10,000 square feet of interior and has a rooftop terrace with a large hot tub.
Update: As I was writing this blog post, I received word that the penthouse has already gone under contract. Word is that the accepted offer price was $11M. Geez, that was fast!
Below, you’ll find a video demonstration of the Miami Condo Investments iPhone app. It was released this past January and we’ll be releasing an update late next month. The app is free and can be downloaded at the iTunes app store.
