Archive for the ‘Luxury Real Estate’ Category

Icon Brickell Towers New Price List April 2010

Wednesday, April 21st, 2010

Icon Brickell Towers New Price list:

Celekt introduces you to some new prices at the Icon Brickell project. Tower 1, tower 2 and tower 3 have different units for sale.

Check out our past blog with a great Video about Miami Real Estate Deals featuring Icon Brickell condo towers

http://www.celekt.com/articles/icon-brickell-hot-deals/

ICON BRICKELL NEW PRICE LIST

Most Icon Brickell Miami units for sale are from the developer Related Group.

To view Icon Miami Condo profile with Celekt.com listed from the MLS, view the Icon Brickell tower 2 profile. http://www.celekt.com/condo/icon-brickell-ii/

RENTALS ARE ALSO AVAILABLE NOW IN ICON TOWER 2.

Please visit http://www.celekt.com/rent-icon-brickell-apartment/ & contact us if you are interested in Renting a Unit.

Penthouse Miami Luxury – Penthouses Showcase:

Thursday, April 8th, 2010

MIAMI BEST PENTHOUSES


MIAMI_BEACH_PENTHOUSES

We would like to introduce you the most amazing Penthouses  for sale available in the Beautiful Miami. Including South Beach PenthousesMiami Beach PenthousesDowntown Miami PenthousesBrickell PenthousesBal Harbour Penthouses.

- What is a Penthouse? As most people know, a Penthouse is a residence, often with a terrace, on the top floor or floors of a building.

For the most part, the Penthouses in Miami Condominiums are the “creme de la creme” from all the units located in a building. Those unique residences have a special floor-plan with usually counts 3 to 6 Bedrooms and incredible views from their balconies or terraces. Some of them have private roof top pools and/or Jacuzzis.

  • This month, celekt introduced the best penthouses available in Miami Beach, more specificaly in South Beach

South Beach Penthouses:

  • Apogee South Beach #PHA, 800 S POINTE DR Miami Beach 33139

$18,500,000

PENTHOUSE APOGEE SOUTH BEACH

Click This image to see more!

This breath taking two-story penthouse with 22′ ceilings enclosed by floor to ceiling windows is not just an apartment it is a home. complete with a 360-degree roof top palazzo including a roof top private swimming pool accompanied with a full built-in summer kitchen. with over 11,000 sf of exclusive outdoor living space, the balconies and terrace becomes a private backyard in the sky. this modern kitchen i equipped with a gas cook top, built in miele appliances, perfect kitchen for entertaining.

  • Capri #B-PH1, 1445 16 STREET Miami Beach 33139

$6,900,000

penthouses miami Capri

This magnificent contemporary penthouse in the sky offers stunning panoramic views of the gorgeous miami skyline & glistening biscayne bay. newly built in 08, with countless luxury features including 2000+sqft of rooftop terrace with summer kitchen, wine bar, open kitchen with the finest european cabinetry, built-in stereo speaker system, custom lighting & 4 balconies. a 5-star complex offering a private marina w/500′bayfront walkwy, boat slips, pool, jacuzzi, fitness center, 24hr sec & valet

  • Il Villaggio #BH-06 1455 OCEAN DR Miami Beach 33139

$4,950,000

penthouses miami Il Villagio

Owner says “sell now”!!! the hottest 2 story corner beach house at il villaggio featuring breathtaking ocean views from every room, 22 ft floor to ceiling windows, limestone & teak floors, elegant & spacious great room, open gourmet kitchen, dramatic steel staircase, 3 full master suites & multi-media wiring throughout. full service luxury bldg offers 24 hr security & valet, concierge, private beach lounges, pool & beach attendants, two story fitness center, oceanside promenade w/ grill & community room.

  • Setai South Beach #PH-B 101 20 ST Miami Beach 33139

$19,999,999

There is neither a  picture nor a description at the moment!

Miami Penthouse Photo Gallery:

Miami Dade Real Estate Market Analysis March 2010

Friday, March 5th, 2010

Condos Real Estate Market Analysis in Miami-Dade as of March 2010

( Source South East Florida Association of Realtors)

  • 16,424 Available condos for sale
  • 5,124 Pending sales (31% of the available inventory)
  • 6,123 are listed as Short Sales (37%)
  • 598 are listed as REO “Real Estate Owned” (3.6%)
Miami Dade inventory

Miami Dade inventory

This graphic really shows us the trend in regards of the inventory and this should be the most important number to analyze in order to understand where the Real Estate market is going in Miami Dade.

Today, the condo inventory in Miami Dade  is 16,424 Available condos for sale. In the beginning of 2008, we were almost at 35,000!

The inventory in months went from a high 60 months of supply to less than 12 months with today’s numbers. The condo market is definitely coming back and this has not started a few months ago but has been following the same trend in the past two years in Miami Dade.


Take a look at the condo trend in Miami Beach. It is going in the same direction!!!

South Beach 33139 Inventory

South Beach 33139 Inventory

Amount of Available Listings – Short Sales – REO’s by Main Areas:

AreasAvailable ListingsAmount of Short SalesAmount of REO's
Aventura1,444325 (22%)31
Bal Harbour217341
Coconut Grove200487
Coral Gables3876911
Fisher Island87141
Key Biscayne372252
Miami6,2632,873 (46%)291
Miami Beach3,024590 (19%)67
Sunny Isles1,059199 (19%)13
ALL AREAS IN MIAMI DADE16,4246,123598

By looking at those numbers, we can clearly understand that the Miami Area is really the most affected by economic difficulties. The amount of Short Sales Listed representing 46% of the inventory in the Miami area.

As of today 6,263 units are available in the Miami Area but we should notice that 2,307 units are Pending Sales or under contract.

Today,  are going to take a closer look at the Miami Beach Real Estate Activity in the past month.

To finish we will view the last pending sales in the South Of Fifth Area in South Beach also known as SOFI.

Miami Beach last sales in the past 30 days over one million dollars:

ML#Complex Name#Beds#FB#HBAddressYr BltList PriceSale PriceADOM
M1345071APOGEE34800 S POINTE DR # 70220083,600,0003,200,000111
M1277854ONE THOUSAND VENETIAN5411000 VENETIAN WY # 801/0319831,699,0001,500,000371
M1333685CONTINUUM SOUTH221100 S POINTE DR # 230220021,600,0001,530,000153
D1369538Portofino Tower Condo221300 S POINTE DR # 210219961,579,0001,275,00070
M1356562BentleyBeach220101 OCEAN DR # 40720031,395,0001,310,00065
M1263882Icon331450 ALTON RD # 70120051,350,0001,280,000525
M1326118MURANO GRANDE221400 ALTON RD # 180120031,299,0001,100,000187
M1358430Green Diamond3204775 COLLINS AV # 250120001,225,0001,100,00058
M1316356MURANO GRANDE221400 ALTON RD # 211020031,190,0001,000,000234
M1235031GREEN DIAMOND3304775 COLLINS AV # 220320001,090,0001,050,000552

Apogee Condo South Beach has been the highest sale in Miami Beach Luxury Condos this past month sold at $3,200,000.

Murano Grande Condo and Green Diamond Condo also did well with 2  sales over a million dollars recorded in the past 30 days.

SOFI/South Of Fifth pending sales in the past 30 days:

ML#StatusComplex Name#Beds#FB#HBAddressYr BltList PriceSale PriceADOMREOSSL
M1284612PSApogee Condominium331800 S Pointe # 80320084,395,000441NN
M1340214PSPORTOFINO TOWER461300 S POINTE DR # 310119963,500,000178NN
D1378372PSCONTINUUM ON SOUTH BEACH33050 S POINTE DR # 200220082,684,00031NN
D1381515PSContinuum330100 S POINTE DR # 71020021,675,0006NN
M1334906PSCONTINUUM221100 S POINTE DR # 110920021,499,000181NN
M1323173PSContinuum South221100 S POINTE DR # 140920021,400,000258NN
M1364498PSThe Courts at South Beach431145 JEFFERSON AV # 42320011,150,00053NN
M1300103PSMurano at Portofino2211000 S POINTE DR # 10072001999,000360NN
M1337585PSICON CONDO220450 ALTON RD # 17062004799,000164NN
M1369006PSMURANO GRANDE220400 ALTON RD # PH25092003750,000138NY
M1320711PSMURANO GRANDE220400 ALTON RD # 7092003679,800271NN
M1372427PSBENTLEY BAY CONDO330520 WEST AV # 16022004555,00022NY
M1357139PSCONTINUUM NORTH TOWER11050 S POINTE DRIVE # 6122008540,00090NN

Only 2 listings were Short Sales this past month. One at The Murano Grande and the other one at the Bentley Bay South Tower. No REO’s were listed as pending sales.

Murano Grande Miami Beach Condo for Sale – Rapper Lil Wayne’s Condo?

Thursday, March 4th, 2010

lil-wayne

The buzz around town is that Lil Wayne’s Luxury Condo located at the  Murano Grande in Miami Beach is for sale since the beginning of February. Located right next door to Icon South Beach, the Murano is one of  the Top condominiums in SOFI.

This particular 4 Bedroom, 5.5 Bathroom of 4,000 Sq Ft  wrap around condo features a stunning 270 degree views of the ocean, Miami Beach, Fisher Island and downtown Miami. The view is spectacular from the three terraces of this 26th floor unit without forgetting direct access to the unit with a private elevator.

This unit is the Best Priced 01 Line 4 Bedroom at the Murano Grande Condominium. The average  price  per square Foot is about $700/sq ft. The listed price is a bit lower that what the owner paid in late 2007.

Coming back to the owner, is Lil Wayne really the owner?

According to Miami Dade records, the owner is Bryant Cortez AKA “Tez” in the Music Industry. He is Lil Wayne and Drake’s manager and Young Money CEO.

When all is said and done, Enjoy those gorgeous views from this unit at the Murano Grande Condo in Miami Beach:

Murano Grande

Murano Grande 1

Sunset Island I – Waterfront Estate reduced!

Monday, February 22nd, 2010

5 BD/5BA+3HB 100′ Now $12,500,000

This incredible Waterfront Estate located on Sunset Island I at 1647 N View Drive in Miami Beach has been reduced by 2 million dollars since it has been listed in August 2009. The price reduction happened on February, 16th 2010.

1647 N VIEW DRIVE

Sunset Island One
Miami Beach, FL 33140
Price:$12500000
Beds:5
Baths:5
Parking:4
Year Built:2007
MLS:M1333934

This estate was purchased for $4,350,000 in April 2005.

As of today, there are 11 Properties listed on the MLS on Sunset Island I including this gorgeous Mansion. This listing is now the 3rd most expensive one on Sunset Island One after  “La Tranquilla” listed just under $30,000,000 and another listing at $13,800,000.

The last sale was recorded for Sunset Island one  in September 2009 for $9,500,000.  The mediterranean waterfront estate built in 2003 was listed at $15,900,000.

sunset island estate sunset island estate

Artech Aventura Condo

Friday, February 19th, 2010

Artech condo is located in Aventura (North Miami Area) at 2950 NE 188 Street, FL 33180

Artech Aventura was built in 2008 and has a total of 235 units ranging from Studios ( Artech Bachelor Pads) to 3 Bedroom + Den Penthouse units.

Full Artech Residences condo profile by Celekt.com


Artech Aventura Available units for Rent


Artech Aventura Recent Unit Rented


Check out Artech Condo with this new Pic Gallery:

  

Unit# Sale Price List Price $/SF SF BR/BA Sale Date DOM
230 $1,400 $1,500 2950 NE 188 Street, FL 33180XX.00 0 0/1/0 02-01-2010 24
511 $2,600 $2,800 $1.24 2,100 3/3/1 02-01-2010 52
519 $2,900 $3,200 00 0 3/3/1 01-19-2010 40
423 $2,000 $2,300 $1.54 1,300 1/1/1 01-10-2010 32
405 $1,850 $1,900 00 0 1/2/0 12-08-2009 20
218 $1,400 $1,450 00 0 0/1/0 12-08-2009 102
128 $1,500 $1,600 $1.53 980 1/1/0 12-08-2009 39
514 $3,100 $3,100 $1.48 2,096 3/4/1 12-04-2009 40
402 $1,900 $2,000 $1.46 1,300 1/1/0 11-20-2009 19
PH 525 $3,000 $3,500 $1.45 2,065 3/3/1 10-02-2009 15
546 $2,800 $3,100 $1.27 2,200 3/4/1 10-01-2009 77
229 $1,400 $1,500 00 0 0/1/0 09-29-2009 34
143 $2,300 $2,900 $1.38 1,670 2/3/1 09-13-2009 128
438 $1,800 $1,800 00 0 1/2/0 07-31-2009 28
512 $2,900 $3,100 $0.94 3,100 3/4/1 07-28-2009 64
134 $2,250 $2,450 $1.10 2,040 2/2/1 07-01-2009 37
211 $1,350 $1,500 00 0 1/1/0 05-01-2009 41
216 $1,300 $1,450 $1.40 927 1/1/0 04-06-2009 73

Artech Aventura Unit Pictures:

artech condo unit aventura

 

artech condo unit aventura

 

artech condo unit aventura

 

Artech condo unit Aventura

Artech condo unit Aventura

Artech Aventura Amenities:


  • Waterfront infinity edge-pool with zero entry
  • Lap pool
  • Lounge area
  • State-of-the-art fitness center with yoga
  • Pilates
  • Dance studio
  • Spinning room
  • Spa
  • Turkish bath
  • massage rooms and saunas
  • Private cinema
  • Two tennis court
  • Indoor racquetball court
  • Bicycle Storage
  • Boat slips
  • Sitting areas and meeting room
  • Business Center – Billiards room – Lounge/Party Room
  • Individual residents storage
  • Artech condo Penthouses with private roof-top terraces
  • 24 hours security
  • Concierge
  • Valet parking
  • Some of Artech Aventura Amenities in pictures:

  • artech aventura condo

    artech aventura condo

    artech aventura condo

    artech aventura condo

    artech aventura condo

    artech aventura condo

    artech aventura condo

     

    artech aventura condo

    Artech Aventura in the News:

    Article from The South Florida business Journal

    http://www.bizjournals.com/southflorida/stories/2009/06/08/daily76.html

    “A group of Argentinean investors paid $7.5 million for 15 condo units at the Artech Residences at Aventura.

    The buyers paid $502,500, or $324 a square foot, for each unit on June 4, according to Miami-Dade County records. Even with the bulk buy, only 41 of the condos 235 units have been sold.

    Prior to the bulk purchase, the average price of the units was $744,044, according to research by Bal Harbor-based Condo Vultures Realty.

    The bulk buyers’ average unit price was 32 percent less than that, but, “in a market like this, I’d say $500,000 per unit is high,” Condo Vultures principal Peter Zalewski said.

    Adam Greenburg, the managing director of Miami-based Baybridge Real Estate Group, agreed that while the developer got a good deal, it wasn’t as good for the buyer.

    If the buyers plan to rent out the units, they paid too much, he said. However, he added that they might have been impressed with the amenities, which include an infinity pool, fitness center and spa, and concierge service.

    The investors did not record a mortgage in Miami-Dade County to finance the deal, so it is likely they paid cash.

    Artech was developed by the partnership of Fortune International and Shefaor Development.

    Shefaor President and CEO Gilbert Benhamou said the bulk buyer plans to use some units as second homes and others as rentals. They were given a discount on Artech’s normal price because they bought in bulk, he said.

    Artech started closing units at between $600 and $700 a square foot, but has closed most of them at about $400 a square foot since the credit crunch made it difficult for buyers to get financing, Benhamou said.

    “We are touching the bottom and things can only get better from now on,” he said.

    The entities that bought the 15 units in Artech are: Bayview U.S. Properties, Giga Apartments, Golden Federal and Sorlib. In state records, they all have their address at 9130 S. Dadeland Blvd., Suite 1600, in Miami. Cesar Halpern, of Buenos Aires, Argentina, is listed as a manager for all four companies. Three of those companies also have Zulema De Halpern, Daniel Halpern and Mark I. Glanz, all of Buenos Aires, as managers.

    Fortune International President Edgardo Defortuna is from Argentina.

    This isn’t the first bulk buy at Artech. In November, a company managed by four executives of Artech’s construction lender, Chicago-based Corus Bank, bought four units for a combined $5.5 million – a price that many real estate experts said was high. Several months later, Corus (NASDAQ: CORS) was hit with several shareholder class action lawsuits that questioned whether that transaction caused a material misstatement or omission on its financial statements.

    Corus, which made a $130 million mortgage to Artech’s developer, reported that only $49 million of its South Florida condo loans were performing out of $955 million in condo loans here as of March 31.

    Benhamou said the developers are working closely with Corus to achieve the highest price per square foot possible at Artech. Once they sell a few more units, they will have approval for Fannie Mae-backed loans.”

     

    Check out the Floridian Condo Miami Beach blog page by Celekt to view the updates done in this great building along with the last sales and rentals datas and infos.