Closings Have Started for Monad Terrace Miami Beach

Monad Terrace Miami Beach

Monad Terrace is a new luxury condo tower in the heart of Miami Beach at 1300 Monad Terr, Miami Beach. This boutique waterfront condo development will feature 59 units with two to five bedroom options including four penthouses. According to the property records, seven condos have sold between $1.4 to $8 million.

Drone Photo of Monad Terrace

The developer for the project is Michael Stern, a New York developer who is making his name known in South Florida. One of his other known Miami projects is the Echo Brickell tower. The project’s partners include Stern JDS (principal), New Valley, Ackerman Development and Mink Development. The designer is Ateliers Jean Nouvel along beside architect Kobi Karp.

According to the Real Deal, this tower has been in a planning stage since 2015. Stern and his partners financed the construction with a $137 million loan from a New York based real estate lender, Madison Realty Capital. The 14 parcel development was chosen in 2015 and cost $51 million plus.

Monad Terrace Miami Beach

In 2019, penthouse B went under contract for $8 million by Joshua Wander, managing partner for a Miami based private equity firm. Within the past 3 months, there has been an increase in sales with units totaling $70 million plus under contract including three of the four penthouses. The remaining units range from $2 million to $12.5 million.

Building Amenities:

  • Sundeck with swimming pool
  • Hot tub that overlooks Biscayne Bay
  • Cafe and Juice Bar
  • Wellness center
  • Dock
  • Bicycle and water sports storage room

Residence Amenities:

  • Seamless indoor-outdoor living space
  • Biscayne Bay views
  • Kitchens designed by Jean Nouvel
  • Cantilevered marble island
  • State-of-the-art appliances
  • Wood ceilings
  • Reflective Cabinetry
  • Custom bathrooms designed by Jean Nouvel
  • Spacious stone countertops
  • Stone tiled walls
  • Spacious soaking tubs
Monad Terrace Miami Beach

Stern will also have a hand in the development of the 62-story Brickell Treehouse tower project that will feature 1,000 apartments, 200 micro-units, hotel, and office space.

Monad Terrace Balcony Views

If you or someone you know has any interest in purchasing a unit at the Monad Terrace Tower, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332 for more information.

Monad Terrace Set to Top-off This Month

Monad Terrace South Beach

Monad Terrace by Jean Nouvel

According to the development’s Instagram account, Monad Terrace is set to top-off later this month (approximately 15 months after officially breaking ground on October 25, 2017). The 14-story tower, designed by Jean Nouvel, will feature “sawtooth honeycomb screens” for full privacy without compromising views. The Instagram photo below gives a glimpse of the sawtooth profile:

 

View this post on Instagram

 

As construction presses forward, get a first glimpse of the unique sawtooth profile—a kind of refined zig-zag—along the glass façades that face the water garden and lagoon at Monad Terrace. Topping off this month, see the latest progress on our construction camera by clicking the link in the bio!

A post shared by Monad Terrace (@monadterrace) on


Monad Terrace is located in South Beach at 1300 Monad Terrace. The 59-unit development is expected to be completed by the end of this year.

South Beach Record-Breaking Sale at Monad Terrace

Monad Terrace in South Beach

Monad Terrace South Beach

Although South Beach and Downtown Miami are located only seven minutes away from one another by car, their real estate markets seem to exist in different dimensions. While Greater Downtown Miami continues to be troubled by oversupply issues, South Beach is enjoying record-breaking sales. Recently, a four-bedroom, four-and-a-half bath residence at Monad Terrace sold for $1,912 per square foot ($6.15M), making it the highest priced sale on a per square basis for a non-penthouse condo on West Avenue in South Beach.

Designed by Pritzker Prize-winner Jean Nouvel and designed by JDS Development, Monad Terrace is an all-glass tower featuring 59 individually suited waterfront residences. It will be located along the bayside of South Beach at 1300 Monad Terrace. The units will enjoy seamless indoor/outdoor experiences, 10-foot high ceilings with floor-to-ceiling glass windows, custom wood flooring throughout, black Zeus marble and black mirrored entry, private or semi-private elevator access, unique sawtooth honeycomb facade in select units, and custom flush doors. Amenities at Monad Terrace will include full-service concierge, sun deck with 116-foot swimming pool and hot tub overlooking Biscayne Bay, pool service, lagoon fitness and wellness center, residents’ lounge, bicycle and water sports storage, Monad Terrace bicycles and paddle boards, cafe and juice bar, full-service valet parking.