jennifer lopez 5800 north bay road

The 1929 Miami Beach home that was formerly owned by singer and actress Jennifer Lopez has seen its price increase to $34.5 million from $29 million.

The house is located at 5800 North Bay Road in Miami Beach, and includes more than 12,000 square feet of living space.

The home’s seller is Mark Gainor, who works in healthcare, and who bought the home in 2005 from Lopez for $13.9 million originally purchased for $9,500,000 in 2002.

View more pictures and info:
http://www.celekt.com/unit-view/m1420713/

The listing price increase makes this house the 3rd most expensive single family home listed in Miami Beach.

3 Indian Creek Drive is still the highest listed home with a $60,000,000 price tag

 http://www.celekt.com/unit-view/m1199866

MONDRIAN PRIVATE RESIDENCE #802

Enjoy Mondrian’s private Residence at a Fraction of the ownership cost for a day, a week or months. Rent this Luxury residence for up to 30% less than the hotel rate.

Do not look further, you found the largest fully furnished 1 Bedroom 1&1/2 Bath corner unit with Balcony over-viewing the city of Miami Beach and the Ocean with access to all of the Mondrian Hotel Amenities.

* Nightly rates fluctuate during Holidays and Yearly Special Event dates. Call for more information

• Celekt Office Miami Beach: 786-406-9796 or email your request with dates to info@celekt.com

Want to compare the Mondrian Miami Beach Hotel rates? Residence #802 has a unique large floor plan not listed in the hotel room selection. Mondrian Miami Beach official website: http://www.mondrian-miami.com/en-us/#/home/

Mondrian South Beach Residence 802:

RESIDENCE #802 VIRTUAL TOUR: (Click on the following link) Residence #802 Floor Plan / View is North and North East (Miami Beach city side/ocean side), Partial Bay Side view from the balcony.

Residence #802 sleeps 2 Adults (King Size Bed in Master bedroom) and 2 children in living room (Sofa Bed)

LIGHT FILLED AND SPACIOUS MONDRIAN IN SOUTH BEACH

This South Beach’s Condo one bedroom apartment is loft-like space with unique features and custom detailing created by world-famous design star Marcel Wanders. Adopting a post-minimalist aesthetic, Wanders has designed open living areas to maximize ease, combining a sophisticated color palette of grays, golds, black and white with custom wall-coverings, rugs and furnishings. The TV, desk, iPod station and artwork of a classic hotel room are organized in a large “frame” over one wall. Spaces flow into one another to create an expansive feel, large windows, balcony, open to stunning views of the ocean and the bay. Kitchen and dining areas feature walls covered in traditional Dutch Delft tile custom-made with Miami Beach motifs. The master Bedroom, with king-size bed, opens on to the bathroom with over-sized sink and shower tiled in a mosaic of clouds and sky. Wanders’ signature chandeliers, are hung through out including one that doubles as a shower-head.

MONDRIAN IN SOUTH BEACH NEIGHBORHOOD

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Morgans Hotel Group proves there’s no one better at inspiring a neighborhood. Introducing the only hotel condo residences on the bay side of the exclusive West Avenue, Mondrian in South Beach is poised to make a significant impact on the beach’s “West” end. In this signature trendsetting move, Morgans Hotel Group is a pioneer for the residential neighborhood, creating a posh new landmark on Biscayne Bay. The location is walking distance from acclaimed restaurants, as well as casual dining, coffee shops and boutiques. Positioned in the center of South Beach, it offers close proximity to landmark Lincoln Road Mall, which is lined with boutiques, brand name stores, sidewalk cafes and restaurants. Six blocks in the other direction is the exclusive South of Fifth neighborhood, with premier dining experiences and nightlife destinations. It also has convenient access to Flamingo Park, a 36-acre tree-lined sanctuary and promenade featuring a playground, aquatic center, tennis and basketball courts, a baseball diamond and a state-of-the-art football field. The property boasts direct access to one of the most vibrant cities in the world, Sunset views overlooking the downtown Miami skyline and direct access to the blue waters of Biscayne Bay. Mondrian in South Beach invites sophisticated revelers to enjoy a destination that truly embodies Morgans Hotel Group’s “Urban Resort” concept, bringing the best of both worlds into perfect balance.

DYNAMICALLY DESIGNED TO CURVE

Around the pools, gardens and bay, Mondrian in South Beach Condominiums make playful use of space with multiple outdoor living areas. A large swimming pool is adorned with an oversized custom lamp by plunge pools, a pool bar and cabanas for private rental, and surrounded by lush gardens hung with hammocks and landscaped into a labyrinthine trail with lounge areas, secret pathways and “kissing corners.” A second level terrace offers flexible entertaining spaces for dining, private events, and enjoying the superb sunset views. A separate kids’ pool and play are includes a tented sandbox and toy room and large cabanas for family rental. Jet skis, boating and water sports are offered on the bay. The indoor lobby, decorated in exuberant style with over-sized furniture and motifs inspired by fairy tales, connects via a dramatic elliptical staircase to the mezzanine, event spaces and meeting rooms. Public areas include, Asia de Cuba, a five-star restaurant, Agua, our 4000’ spa featuring wet and dry treatment rooms, and a fully-equipped gym over looking the bay and Miami Beach skyline.

THE BRAZILIAN INVASION

• 1 Brazilian real = 0.6010 US dollars

•  Estimated number of Brazilian visitors to Miami-Dade and Broward counties in 2010: More than 800,000.

•  Estimated amount that Brazilian visitors spent in Miami-Dade, 2010: More than $1 billion.

•  Estimated Brazilian residents of Florida: 250,000 to 300,000.

•  Number of American Airlines flights to Brazil weekly: 52.

Sources: Greater Miami Convention and Visitors Bureau, Greater Fort Lauderdale Convention & Visitors Bureau, Brazilian Consulate in Miami, American Airlines.

Read more: http://www.miamiherald.com/2011/02/21/2074311_p2/brazilian-buyers-put-the-luxe.html#ixzz1EiFWrJKC

Brazilians favorite condos: Icon Brickell – Jade Beach / Jade Ocean and their “Miami Beach Riviera” South Of Fifth.

As we mentioned in one of our recent blog http://www.celekt.com/articles/lebron-james-moves-to-miami, Basketball and Real Estate are definitely forming a new “dream team”.

On September 27th 2010, Christopher Bosh became the proud owner of 6396 North Bay Road and proved that Ultra Luxury Single Family Real Estate could still find buyers and will always find a buyer no matter the listed price.

Listed for $14,970,000, this 12,000 sq ft Magnificent work of art built in 2009 by Touzet Studio closed for $12,333,000.

Carlos Prio-Touzet and Jacqueline Gonzalez (Touzet Studio) both involved with projects such as the Setai on Miami Beach or the Delano Hotel Room renovation, gave this newly constructed estate the Miami touch, Governed by the three main elements geometry, water and light.

As far as Dwyane Wade, the buzz around says that he signed a Lease in one of the Penthouses of the 900 Biscayne Condo

MONDRIAN SOUTH BEACH

1100 WEST AVENUE, MIAMI BEACH, FL, 33139

The Mondrian South Beach, belonging to The Morgan’s Hotel Group which already has developed numerous luxurious hotels on the continent as in New-York, San Francisco and Las Vegas,  is a real estate masterpiece.

The Mondrian condo hotel is located on the Biscayne Bay side of Miami Beach. Sitting on newly fashionable West Avenue, just minutes from the dynamic center of South Beach, The Mondrian South Beach proposes you a total of 335 residences, including studios, 1 BR – 2 BR and Tower Suites Penthouses, all offering a spectacular view of the ocean, Bay and Downtown Miami.

Just named by two famous American newspapers as ” the Best New Business Hotel ” in the entire US among their Top 10 picks Worldwide, Mondrian South Beach naturally stands out by its exhilarating design elements of a fantasy modern get-away combined with all the comforts and conveniences of home. You will find at The Mondrian Miami a unique feeling of comfort and well-being, mixed with a modern and trendy atmosphere.

Designed by the multiple award-winning Dutch designer, Marcel Wanders, the luxurious Mondrian gets all the advantages of a home-away-from-home with the full services of a boutique hotel, including a five star restaurant, a sunset bar, two large swimming pools, a spa featuring wet and dry treatment rooms, a state of the art gym, a chic event spaces, a private Marina with a dock master & sand barge, and more amenities as :

- Global card / VIP privileges at all Morgan’s Properties,
- Use of Mondrian, Delano and Shore Club facilities,
- Wi-Fi in all meeting rooms and lobby areas,
- VIP seating Asia de Cuba and Blue Door,
- 24 hour five star concierge services, Room services, Valet parking and doormen
- Jet-Ski and Kayak rentals
- Laundry services…

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Never again in Miami Beach will there be a better time to acquire a fully furnished, turnkey, state-of-the-art-designed,new construction residence at MONDRIAN South Beach !

$35 million in 3 sales in less than 30 days!

So when we thought that the sale of the Fontainebleau II’s Penthouse at $9,000,000 would be the highest sale of the year http://www.celekt.com/articles/miami-beach-highest-condo-sale-since-2007-9000000/, we should have thought twice…

- By the end of May 2010, an other record sale was recorded: http://sef.mlxchange.com/Pub/EmailView.asp?r=1668817485&s=SEF&t=SEF

SANTA MARIA #4901 Sold for $11,000,000

Unit #4901, a 7 BR Penthouse at the Famous Santa Maria condo was sold for $11,000,000.  This unit was bank owned and closed very very quick…… maybe too quick but my comments will stop here.

2 weeks later, Penthouse B at the Setai South Beach closed as the number one highest re-sale in the condo Market in Miami Beach and in all Miami Dade.

Setai South Beach Penthouse B sold for $15,000,000

Penthouse B listed at $19,999,999 closed at $15,000,000 with a closed price per square foot over $2,400…. never seen before!

Previous owner, a partner at Barroway Topaz Kessler Meltzer Check, LLP, with over 80 attorneys, one of the largest firms specializing in the prosecution of complex class action litigation, has found a buyer for his only ones of its kind property.

Those unique listings sold back to back ( not including an $8 million + Penthouse at the One Bal Harbour Condominium last month) show how the very high end market has regained confidence into the Miami Beach Real Estate Market. The big players are putting back their money in Real Estate. Definitely, a very distinctive and exceptional Micro Market with Matchless properties but a positive force for the overall market.

THE FONTAINEBLEAU II PENTHOUSE CONDO

On May 14th 2010, one of the Penthouse of the Fontainebleau II Condo located at 4441 Collins Avenue, has sold for $9,000,000. The 8th highest condo sale ever recorded in the MLS in Miami Beach.

This 5 Bedroom, 4,500sq ft unit bought in July 2005 for $3,600,000 by New York Developer Baruch Singer had been listed in January 2009 for 16 million. After a couple of price reduction to $13.5 million and then $9.8 million and after 82 days sold for $9 million.

At $2,000 per square foot, this is the 4th highest amount per square foot ever recorder. The 3 first sales being PHA, 1605 and 1505 at The Setai Miami Beach.

SOLD PENTHOUSE FONTAINEBLEAU II SUMMARY:

- Listed price:

$9,800,000

- Sold Price:

$9,000,000

- $ per Sq/Ft:

$2,000 per Sq/Ft

- Assessed Value 2009:

$4.7 million

- Real Estate Taxes for 2009:

$96,000 yearly

Buyer:

Pending information

- SO WHAT IS THE NEXT MOST EXPENSIVE SALE IN MIAMI BEACH?

Penthouse PHA at the Apogee South Beach.

It s back on the Market with a reduced price to $16,000,000

Check out the virtual tour if you are curious or interested!

http://homesite.obeo.com/viewer/unbranded.aspx?tourid=553674&refURL=http://www.celekt.com/unit-view/m1389937/&locale=en-US

May 2010 had a total of 149 sold units (Totaling $60,523,070) in the Miami Beach and South Beach areas. 13 of them closed over 1 million dollars. We count only 1 short sale in this price range which was the unit #2303 at Icon South Beach.

In comparison:

• January had 130 closed units

• February had 138 closed units

• March had 212 closed units

• April had 175 closed units with a total of $89,449,892 worth of sold Real Estate, the highest amount since the beginning of 2010, averaging $511,000 per closed transaction.

MARQUIS PENTHOUSES AND SOME OTHER UNIQUE ONES

Some of Marquis nicest residences are the Marquis penthouses. One of them is a very  rare 4-story 8,000 sq ft + penthouse.

Obviously, such a large residence is not for everyone and a unit like this doesn’t sell as frequently as we would like to believe. BUT there is always a buyer for a listing like this.

Let’s first take a look at what’s available and what sold in this niche market

CONDOS AVAILABLE OVER 10 MILLION DOLLARS ( Detailed Listings)

Here is a list of all the ultra  luxurious condo units listed over 10 million dollars at the moment. We did not include units on fisher island or in some condos located in Coral Gables or Key Biscayne.

Those unbelievable Homes can be found in those different condominiums:

• Apogee South Beach
• Continuum Towers
• Murano at Portofino
• Icon South Beach
• South Of Fifth
• Portofino Tower
• Il Villagio
• 1500 Ocean Drive
• The Setai
• Santa Maria
• Bristol Tower
• Ten Museum Park
• 900 Biscayne
• One Bal Harbour
• Jade Beach
• Jade Ocean

There is a total of 21 condo listed in this price range in Miami Dade. So there is not much to choose from for the one buyer looking for those extreme villas in the sky!

To better understand this extra luxurious and elite condominium market, let’s take a look at the last sales in a condominium for the past years. We will note that the asking price and sold price are extremely different but owners come back to realty once they have a potential serious buyer because they are as rare as those units are!

CONDOS SOLD OVER 10 MILLION DOLLARS (Detailed Listings)

Let’s also take in consideration that selling one of those listings is not a sure thing. This past month 2 listings at the Apogee South Beach were canceled.

• PHA was listed at $18,500,000 with 11,000 sq/ft of outdoor living space!
• 2001/02 was $17,750,000

CELEKT MARQUIS PENTHOUSE (Price is available upon request)

MARQUIS RESIDENCES MIAMI

This month, we would like to introduce you the new Marquis Condo in Miami Downtown located on Biscayne Boulevard and 11th Street.

The Celekt team has developed great relationship with the Sales office team and has the best prices in this incredible building.

Marquis Residences Description

Or visit Marquis Miami condo profile by Celekt.com to view Marquis Miami Rental Available and Marquis Condos privately owned for sale.

We can assist bulk buyers and individual investors/buyers.

Building Height: 67 stories

Number of Units: 306-unit luxury residential condominium + 56 Hotel Suites

Floor plans: One + den, two, three, and four-bedroom units

Unit Size: 1,477 square feet to over 8,042 square feet – residential units

Pricing: Starting at $375,000 to $6 Million

Maintenance Fees: Approximately 57 cents per sq. ft

MARQUIS MIAMI

The 67-story tower overlooks Biscayne Bay and provides 360-degree ocean and city views, along with a socially and culturally dynamic, metropolitan lifestyle. With world-class design by Arquitectonica, including a landmark lighting feature at the summit of the tower (which is one of the tallest in Florida) and a 8,042-sqaure-foot penthouse that features the highest terrace and hot tub and never-before-seen views, Marquis Residences is the “Crown Jewel” of Miami. It comprises of 292 residences boasting unparalleled views and a 70-key boutique hotel operated by Rock Resorts with premier spa, restaurant and bars.

As the choice new address, Marquis Residences is a multi award-winning development. Its accolades include two honors at The Developers & Builders Alliance’s 2007 Community Advancement Awards.

Marquis condo Miami Residential Unit Amenities:

• Rooftop terraces with outdoor whirlpool at Penthouse and Upper Tower Suites

• 10-foot ceiling heights; select units feature double height floor plans

• Flow-through floor plans

• Expansive, eight-foot deep private balconies with glass railings and floor-to-ceiling impact glass doors and windows offering sweeping city and bay views

• Touch-screen panel in all residences with built-in TV, web browser and direct access to building services (spa, valet, front desk, concierge)

• Optional home entertainment and home automation packages

• Structured cabling and smart panel interface, including pre-wire for satellite service and wired Ethernet network

• 70 channels of cable television, with upgrade capability to high definition programming and full TIVO/DVR functionality

Hotel Flag: Tempo Miami by RockResorts at the Marquis condo

TEMPO MIAMI, A ROCK RESORT

A 56-key, all suite, boutique hotel within Marquis

DESIGN

- Guest suites feature five-fixture bathrooms with separate water closets, separate showers and soaking tubs with views of Biscayne Bay; large walk-in closets; an exquisite bedding program; and, large flat-screen high-definition televisions

- Oversized two-room suites offer separate seating and entertainment areas in addition to their sleeping quarters

SERVICES

- 24/7 doorman, bellman, security, valet and concierge

- Valet service to and from Miami International Airport in luxury sedans

- Housekeeping

- Room Service

- Private Drivers

- Car Washing

- Ticket purchases to Philharmonic, Theatre, Opera and Sporting Events

- After-hours Shopping Arrangements