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:
Introducing our Virtual Reality Lounge for Real Estate
It’s been six months in the making, but we’re happy to finally announce the official launch of our Virtual Reality Lounge where visitors can virtually explore and navigate Miami luxury houses and condos from the comfort of their own homes. Our Virtual Reality Lounge also includes a section where visitors can virtually explore the amenities of various condo developments in Miami and Miami Beach.
At launch, we’ve included two virtual reality tours under the Condo Developments section: the amenities of Palazzo Della Luna, an ultra-luxury condo development located on Fisher Island (America’s richest zip code), and the fitness center at Rise Brickell City Centre, a luxury tower in Brickell which boasts 500,000 square feet of retail and restaurants down below. In the months ahead, we plan to add to the Condo Developments section virtual reality tours of the amenities of additional residential towers located throughout South Florida.
With the amenities of literally every condo development closed to the public due to the COVID-19 global pandemic, what better time to deliver this service to the public? When someone tours a building’s amenities for the first time, they ask themselves questions like, “Does the pool deck get enough sun?”, “Does the fitness center have adequate equipment to get a decent workout?”, and “Does the building have a decent children’s playroom?”. These are all questions that can be easily ascertained by virtually walking a building’s amenities via a 3D, virtual reality tour. Even once everything returns back to normal, there will be no better way for a prospective buyer or renter to tour a building’s amenities without disturbing the peace and privacy of a building’s residents. Every condo development in Miami should be getting this done while it is still feasible. If they aren’t future-proofing themselves while they can, they’re doing a disservice to their building and community.
For buildings with a virtual reality tour on the Miami Condo Investments website, a VR button appears on the building’s profile page as shown in the screenshot below. This is another way in which prospective buyers and renters will be able to access the 3D tours while perusing our website.
Besides the Condo Developments section, our Virtual Reality Lounge includes five other categories: Featured, Luxury Homes, Luxury Condos, Recently Added, and Trending. The Featured category is a place where virtual reality videos of exclusive listings or feature-worthy properties are included. At launch, the following four luxury properties are featured: (1) an exquisitely designed, four-bedroom condo at Palazzo Della Luna professionally designed by Champalimaud Design – Asking $14.5M, (2) a four-bedroom lanai residence at Palazzo Della Luna with 13-foot-high ceilings and a private, zero-edge pool – Asking $14.5M, (3) a gut-renovated and turnkey furnished, three-bedroom penthouse at 900 Biscayne Bay – Asking $3M, and (4) a flow-through, three-bedroom residence at Jade at Brickell Bay offering direct, unobstructed views of the ocean and bay from the 43rd floor – Asking $1.75M.
The Luxury Homes section includes virtual reality videos of single-family homes priced $5 million and up; the Luxury Condos section includes virtual reality videos of condo listings priced $2 million and up; the Recently Added section includes virtual reality videos of listings which were added within the past 15 days; and the Trending section includes virtual reality videos which have had the most views within the past 15 days.
Clicking the video play button opens the virtual reality video for each property while clicking the property details located immediately below takes you to the property page associated with the virtual reality video.
In the future, we do plan to add a section for rentals but, given that there aren’t many rental listings which include a virtual reality tour, we’ve opted to hold off on this for the time being. We’re hoping this is a situation that will change sooner than later.
Just Listed – A Gut-Renovated, Turnkey Furnished 2 Bedroom Apartment at Icon Brickell II – Asking $6,800 per Month
If you’re in the market for a turnkey furnished 2 bedroom apartment in Brickell and are looking for the very best, look no further. For the first time on the market, I introduce to you unit 4102 at Icon Brickell Tower 2 – a gut-renovated, turnkey furnished 2 bedroom corner unit featuring soaring, 16-foot high ceilings with floor-to-ceiling glass windows and sweeping views of the city and water. In creating this stunning masterpiece, over $700,000 was spent in upgrades, renovations, and furnishings.
Unit 4102 also features a fully-equipped, modern kitchen with white quartz countertops, stainless steel appliances, white cabinets, and wine cooler; wood-like porcelain tiled flooring throughout the living areas and second bathroom; an exquisitely appointed master bath w/ His & Hers console vanities, subway-tiled walls, a freestanding bathtub, and glass-enclosed shower; linear slot diffusers throughout; dropped ceiling with recessed lighting in every room; motorized shades; and a 268-square-foot balcony with access from the living room, kitchen, and master bedroom.
Asking $6,800 per month, unit 4102 is the ideal home for a corporate exec or Miami power couple. For showings, email Lucas Lechuga at [email protected].
The world-class amenities at Icon Brickell include a 300-foot long swimming pool, 50-person hot tub, 28,000-square-foot full-service spa and fitness center, movie theater, game room, on-site restaurants, full-service concierge, and valet parking.
Canvas Condos – A First Look with Pricing, Photos, and Floor Plans
Last week, I had the pleasure of touring the soon-to-be-opened Canvas Condos located in the Arts + Entertainment District at 1600 Northeast 1st Avenue. Closings for units at Canvas are expected to begin on January 7th. As you will see from the photos below, I was given a full tour of the building, including its amenities and common area spaces, rooftop restaurant space, and four of Canvas’s five floor plans (a 2 bedroom unit, a 1 bedroom unit, a 1 bedroom plus den unit, and studio). Overall, I was pleasantly surprised by what I saw. In my opinion, the building turned out much better than expected, especially when compared to the preconstruction renderings and video.
Canvas – The Building
Canvas was developed by NR Investments and designed by CFE Architects with interior spaces designed by Urban Robot Associates. The 38-story tower includes 513 condo residences comprised of studios, one-bedroom, one-bedroom-plus-den, and two-bedroom floor plans. Because Canvas is surrounded by low-rising buildings and vacant lots, the views from it are surprisingly good, especially from high floors. To the east, residents will enjoy direct views of the water. On a clear day, one can see the air traffic control tower at the Miami International Airport to the west and Hard Rock Stadium in Miami Gardens to the north.
Canvas – The Artwork & Common Areas
As one may guess from the condo development’s name, Canvas is an art-centric building. It has on display 225 original pieces of commissioned artwork from 22 different artists. The hallways are filled with 150-foot long wall murals. The one shown six and seven photos down below was completed by local Miami artist Didi Contreras (also known as Didirok).
By the way, it’s worth mentioning, the carpet in the hallways will be replaced after the final residents have moved into the building.
Canvas – The Amenities
I think a lot of people are going to be very pleased with the quality of amenities at Canvas. The building has a total of three pools (a rooftop plunge pool, a south-facing pool with shaded overhang, and a north-facing pool without shaded overhang). The north-facing pool deck has a hot tub. From the rooftop pool deck, the views of Downtown Miami are killer!
Canvas also includes a racquetball court, a state-of-the-art fitness center equipped with two Treadwall rock climbing walls, a yoga room, sauna, spa treatment room, screening room, lounge and entertainment area, business center, social room, and children’s playroom. The only amenity that was not finished at the time of my tour and, therefore, not pictured below was the children’s playroom.
Canvas – Floor Plans & Pricing for Remaining Units
Canvas has 19 units per floor comprised of five different floor plans. During my tour last week, I was able to visit four of the five; they are pictured below. Of Canvas’s 513 total units, the developer has 50 units that remain unsold.
The monthly maintenance dues for units at Canvas are 65 cents per square foot. The dues include high-speed Internet, cable TV, water, hot water, and valet parking. The units at Canvas include 2 parking spaces comprised of 1 parking space plus one valet-only space. It’s worth mentioning that the parking at Canvas is unassigned. The residences feature tiled flooring throughout, kitchens with stainless appliances, quartz countertops, backsplash, and modern cabinets; tiled flooring throughout; and 9-foot high ceilings with floor-to-ceiling glass windows.
2 Bedroom, 2 Bathroom corner unit (the B2 floor plan)
The B2 floor plan, located on each of the four corners of the building, is a 2 bedroom, 2 bathroom residence with 1,110 interior square feet, a 95-square-foot balcony, tons of natural light, and a window in the master bathroom. It’s also the only floor plan to have a foyer, which means that you don’t walk immediately into your kitchen upon entering. Pricing for remaining developer units of this floor plan type starts at $548,000.
1 Bedroom + Den, 1.5 Bathroom unfurnished unit (the A2 floor plan)
Below, I’ve included photos for two separate 1 Bedroom + Den units. The first one shown is unfurnished while the second one is furnished. They both face west but this particular floor plan option has two units per floor that face east. It has 910 interior square feet plus a 150-square-foot balcony. Pricing for the A2 floor plan starts at $440,000.
1 Bedroom + Den, 1.5 Bathroom furnished unit (the A2 floor plan)
Below is the furnished 1 Bedroom + Den unit. It’s the exact same floor plan like the one shown above.
The A1 floor plan is a 1 Bedroom, 1 Bathroom condo with 800 interior square feet plus 135-square-foot balcony. Per floor, there are three instances of this floor plan and they all face north. Pricing for this floor plan starts at $426,000.
The studio floor plan will definitely be a very popular option for people looking to get into the building on a budget. Not only does it have amazing views because it faces east towards the water, but it is also very spacious with 620 interior square feet, which is the size of a small 1 bedroom unit in some buildings. Pricing for the studio condos starts at $396,000.
Canvas – The Rooftop Restaurant
Last but not least, I was able to get a quick tour of the rooftop restaurant space at Canvas. Rumor has it that a top restaurant from South Beach is very close to inking a deal for it. Whatever opens there, there’s no doubt in my mind that it will be one of the hottest restaurants in Miami…just check out the views!!!
One Thousand Museum Becomes the First Residential Development in the World to Partner with Forbes Travel Guide
One Thousand Museum has once again raised the bar when it comes to exceeding the expectations of today’s affluent and service-oriented condo buyers. This week, One Thousand Museum announced its partnership with Forbes Travel Guide, making it the first residential development in the world to partner with them. Forbes Travel Guide, known for creating the five-star rating system for luxury hotels, restaurants, and spas, has long been the global authority on luxury service. With this exclusive partnership, One Thousand Museum puts itself on the map as becoming the only condominium development to deliver an unrivaled, hospitality-focused residential experience for residents and their guests on par with that of the finest hotels in the world.
Along with delivering a comprehensive training program for One Thousand Museum’s on-site staff, Forbes Travel Guide will develop customized brand standards. Executive trainers from Forbes Travel Guide will collaborate with One Thousand Museum’s management team to ensure that world-class training is delivered to each staff member. Its intensive training program will enhance service skills and inspire One Thousand Museum staff to elevate the lifestyle experience for residents and their guests.
“We are proud to partner with One Thousand Museum Residences,” said Gerard J. Inzerillo, CEO of Forbes Travel Guide. “As the first residential condominium in the world to collaborate with Forbes Travel Guide, One Thousand Museum is leading the charge in its market in focusing on the guest experience. The company is investing in delivering superior service, which will better its residents’ quality of life.”
“We are raising the bar for what owners can expect from a residential experience,” says Louis Birdman, co-developer of One Thousand Museum. “We want a true five-star experience for our buyers, something that not only meets but also goes beyond what they experience in their most elevated travel experiences. Forging the alignment with Forbes Travel Guide –the world’s most well-respected rating system—presented the solution to make that a reality.”
SLS Lux Rooftop Pool Deck is Officially Open
After months of delay, I’m happy to announce that the SLS Lux rooftop deck is FINALLY open. Located on the 57th floor and in the heart of Brickell, the rooftop deck offers sweeping, 180-degree views from east to west. It features a rooftop pool, hot tub, and BBQ area, and will be open from sunrise to sunset.
However, before you race over to SLS Lux with your towel and swimwear in hand, keep in mind that the rooftop deck is a residents-only area of the building. Along with the 45th-floor Sky Lounge, only residents of SLS Lux may use these amenities; hotel guests are not permitted on these amenity levels.
The video below showcases the rooftop pool deck at SLS Lux by drone but was shot months ago, before the tiling was completed and pool deck furniture delivered.
