Trump Tower I – Sunny Isles Beach – 2 Bedroom + Den/3 Bath – $1M

October 4, 2007

A contract holder of a condo unit at Trump Tower I, who got in at an excellent price via the “Friends and Family Discount,” contacted me last week to help him find a replacement buyer. He has a contract on a 2 bedroom + den/3 bath condo with 1,938 square feet of interior space and a 227 square foot balcony (C-Mod). The unit faces northeast and will have gorgeous direct views of the Atlantic Ocean from the living room, kitchen and both bedrooms. In order to remain partially anonymous to the developer, let’s just say that the unit is located on a high floor above the 25th floor.

Trump Tower I, II and III is a luxury beachfront development located in Sunny Isles Beach that was headed up by Dezer Development and The Related Group of Florida, with the world-renowned “Trump” name tagged to the development. Each tower rises 45 stories with 271 spacious residences which offer private elevator foyers. The residences also offer the following:

• Wolf and Sub-Zero appliances
• Italian cabinetry with granite or marble countertops in kitchens and bathrooms
• Designer kitchen and bathroom fixtures
• Expansive balconies with glass and aluminum railings
• Elegant smooth ceilings rising to 10′ or 11′ clear
• Floor-to-ceilings windows

Trump Tower I, II and III will also offer world-class amenities and common areas which include the following:

• Exquisitely appointed three-story lobby
• 24-hour security and concierge services
• Elegant porte-cochere entrance with 24-hour valet services
• Elevated, lushly landscaped oceanfront terrace with heated swimming pool, spa and pool attendants
• 250 feet of sugar-sand Atlantic Ocean frontage
• Beachfront cabanas
• State-of-the-art fitness center and resident’s health spa
• Multi-purpose clubroom
• Mail and package receiving desk
• Three levels of covered and secured garage parking

The contract holder who contacted me is looking to break-even on his purchase by offering this condo to an end-user for $1M, or $516 per square foot. That’s one helluva well-priced beachfront condo! Closings are scheduled to begin in December of this year but will likely be pushed back until the first quarter or first half of 2008.