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Beachfront Condo Foreclosure with Direct Ocean View at The Bath Club

March 16, 2011 by Lucas Lechuga

The Bath Club Miami Beach

For those not familiar with the South Florida condo market, The Bath Club is a luxury, beachfront condo development located at 5959 Collins Avenue in Miami Beach.  The Bath Club, completed in 2005, offers spectacular amenities such as a tennis court, swimming pool, spa, fitness center, beach service, clubhouse, on-site restaurant, 24-hour concierge and valet parking.

Currently, the only foreclosure available at The Bath Club is unit 607.  It’s a 2 bedroom/3.5 bath condo with 2,959 square feet of interior and a direct view of the Atlantic Ocean.  The asking price is $1.15M, or $389 per square foot, which is the lowest price per square foot offered at The Bath Club.  The next lowest priced 07 in the building, a unit just one floor higher, is asking $2.2M.  Over the past six months, only one 07 unit has sold.  Unit 1707 sold for $2M, or $676 per square foot.  Contact us at 305-428-3860 or if you would like to learn more about unit 607 at The Bath Club or schedule a showing.

living room

The Bath Club living room

The Bath Club view


master bathroom

The Bath Club swimming pool

The Bath Club fitness center

The Bath Club tennis court

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2 Comments on "Beachfront Condo Foreclosure with Direct Ocean View at The Bath Club"

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Here is my take on case-shiller and why you can’t simply take it at face value right now. As the foreclosures and REO enter the market these units that are part of the shadow market are becoming part of the actual listed inventory. The majority of these units are of a lower quality than the regular units on the market. As these units become a larger and larger apart of the market this is leading to the bifurcation of the market. This first chart shows the median value of new listings by market segment in a 20 city composite… Read more »
Carlos Geniso

Dear Lucas:
The Condo cean Front on the forclosure how much is around?, on 2 bedroom ocean view front of the line?
This is around in surface 120 metros cuadrados? meaning square meters?
How many parking space?

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