South Beach Condos
Il Villaggio Condos South Beach as Premier Ocean Drive Location
by Ashton Coleman on Dec.15, 2008, under Buyers of South Florida, Condos and Development, Luxury Residential Market, Seller's of South Florida, South Beach Condos
Il Villaggio on Ocean Drive
Il Villaggio on Ocean Drive is arguably the best residential tower on South Beach. Owning the premier position at the northern parcel of Lummus Park and Ocean Drive, Il Villaggio offers the very best in services and amenities to its celebrity unit owners such as Jerry Bruckheimer which owns two combined Penthouses at Il Villaggio.
Today, there are 18 active Il Villaggio condos (18 out of 127 total units or 14%) for sale ranging from $900,000 to $13,900,000. 4th Q 2008 stats show Il Villaggio Condos average sales price $3.914M with an average price per square foot at $1,584. There are currently no Il Villaggio Condos under contract, however 5 sales did occur in 2008 ranging in sales price from $890,000 to $5.5M with an average sale to list price at 94%, average price per square foot at $1,527 psf and averaging only 104 days on the market! This is one of the only buildings that has held it’s own during trying times in the local real estate market. These Ocean Drive condo units have appreciated very well since it’s release in 1998.
South Beach & Ocean Drive
A very desirable Il Villaggio condo line is the Tower Suite 05 which rests on the SE Corner boasting superior wrap around views over South Beach, Lummus Park and Ocean Drive. Consisting of 2,306 Square Feet (+644 terrace space) and 3 bedrooms, 4.5 baths, this private corner line has only 1 available on the 14th floor (#1405 Click Here) with an additional option of combining the neighboring condo which is on the market for $5.595M and $2.990M respectively. Total Square Footage of the two combined Il Villaggio residences would be a massive 4,086 Square Feet. This Virtual Open House below showcases #1405 now ready for new ownership!
Il Villaggio Tower Suite 05 Floor Plan Available Upon Request.
South Beach to Sunny Isles Real Estate Consultant, Micro Economist. If you’d like to receive the latest local real estate news via blog postings & updates, you can easily be notified by RSS feed (see upper left column) or by email above every time a new posting occurs. The new JADE Condos Sunny Isles.com is now available! Have a great week and call any time toll free 1.888.383.7326 or view new condos here.
South Beach & Sunny Isles Beach Condo Pricing Band Sales Analysis
by Ashton Coleman on Nov.23, 2008, under Buyers of South Florida, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos
Colony Hotel Ocean Drive
Hello friends and I trust you’re having a great weekend! I’m meeting with qualified buyers tomorrow and wanted to show them and YOU where 2008 condo sales are in South Beach and Sunny Isles Beach real estate. If you’d like to comment on these Miami Condo Sales STATS or have any questions coming to mind, send a quick note in the comment box below. There are close to 150 visitors here each day and growing! Derived from the Multiple Listing Service (MLS), we see as of NOVEMBER 22nd…
2109 = Total Condos for Sale
292 = Total Short Sales (14%)
29= Total Bank Owned REO (1%)
58 = Pending Sales (Last 30 Days)
| South Beach – Real Buyers | 30 Days Closed Sales | 90 Days Closed Sales | 6 Months Closed | 12 Months Closed |
| $0 – $199,000 | 14 | 51 | 95 | 157 |
| 200 – 299 | 9 | 26 | 80 | 170 |
| 300 – 399 | 5 | 27 | 68 | 142 |
| 400 – 499 | 3 | 17 | 43 | 83 |
| 500 – 599 | 3 | 14 | 30 | 65 |
| 600 – 699 | 0 | 8 | 24 | 44 |
| 700 – 799 | 0 | 3 | 9 | 19 |
| 800 – 899 | 0 | 2 | 7 | 13 |
| 900 – 999 | 1 | 1 | 3 | 6 |
| *1M – 1.499 (*larger band) | 1 | *11 | *30 | *48 |
| 1.5M – 1.999 | 1 | 5 | 15 | 31 |
| 2M – 2.999 | 0 | 3 | 14 | 27 |
| 3M – 3.999 | 0 | 0 | 5 | 11 |
| 4M – 4.999 | 0 | 0 | 3 | 4 |
| 5M – 5.999 | 0 | 0 | 1 | 4 |
| 6 – 10M | 0 | 0 | 3 | 4 |
| 10M + | 0 | 0 | 0 | 0 |
| Top Closed Sales in 2008 – South Beach Condos | Sale Price $ | Price Per Square Foot | Days On Market |
| Apogee | 7.3M | 1,757 | 101 |
| Apogee | 5.5M | N/A | 142 |
| Continuum | 6.025M | 1,376 | 67 |
| Setai | 6M | 1,680 | 154 |
Sunny Isles Beach Pier
Sunny Isles real estate known as “Florida’s Riviera,” is the northern entity of Miami Dade Beaches and has incredible growth potential. Donald Trump has his name on 6 towers and there are height restrictions of just over 50 stories tall allowing aggressive progressive developments. The magnitude of new development has been stellar and the architecture is brilliant. The selling price per square foot in Sunny Isles is significantly more affordable than South Beach Condos however new towers such as JADE Beach & JADE Ocean may change this in the coming years. The location is, what I would consider, more “family oriented” than South Beach. The excitement and cultural events of South Beach are still only a short drive south yet the amazing shopping of Bal Harbour and the Aventura Mall are each a 5 minute drive with the premier oceanfront location.
1534 = Total Condos for Sale
308 = Total Short Sales (20%)
18 = Total Bank Owned REO (1%)
44 = Pending Sales (Last 30 Days)
| Sunny Isles Beach – Real Buyers | 30 Day Closed Sales | 90 Days Closed Sales | 6 Month Closed | 12 Month Closed |
| $0 – $199,000 | 13 | 50 | 88 | 119 |
| 200 – 299 | 6 | 21 | 48 | 99 |
| 300 – 399 | 4 | 12 | 24 | 55 |
| 400 – 499 | 2 | 7 | 14 | 33 |
| 500 – 599 | 1 | 5 | 15 | 34 |
| 600 – 699 | 0 | 5 | 15 | 28 |
| 700 – 799 | 2 | 6 | 15 | 32 |
| 800 – 899 | 0 | 0 | 5 | 15 |
| 900 – 999 | 0 | 1 | 4 | 12 |
| *1M – 1.499 (*larger band) | 3 | *11 | *24 | *49 |
| 1.5 – 1.999 | 0 | 1 | 2 | 11 |
| 2M – 2.999 | 1 | 2 | 7 | 14 |
| 3M+ | 0 | 0 | 3 | 4 |
| Top Closed Sales in 2008 – SIB | Sale Price $ | Price Per Square Foot | Days On Market | |
| Acqualina | 3.751M | 718 | 384 | |
| Trump Palace | 3.6M | 671 | 509 | |
| Turnberry Ocean Colony | 3.390M | 974 | 30 | 130% SP/LP WHY? |
South Beach & Sunny Isles Real Estate Consutant, Micro Economist. If you’d like to receive the latest local real estate news via blog postings & updates, you can easily be notified by RSS feed (see upper left column) or by email above every time a new posting occurs. Have a great week and call any time toll free 1.888.383.7326 or view new condos here.
Gansevoort Hotel & Condo Residences Open it's Doors in Miami Beach
by Ashton Coleman on Apr.17, 2008, under Buyers of South Florida, Condo Hotels, Condos and Development, South Beach Condos
The Gansevoort
has now opened it’s doors to the affluent and alike for South Beach Miami guests looking for the newest in oceanfront luxury living. The Gansevoort South Hotel Spa Residence located at 2377 Collins Avenue is the new southern outpost of New York City’s Hotel Gansevoort. The hotel boasts 334 guestrooms averaging over 730 square feet with perfect ocean views and shining South Beach skyline.
Gansevoort South’s landscaped showcases three oceanfront pools with a remarkable 110 foot rooftop pool with bar & lounge, an infinity edge at the plaza level, a family friendly south pool, a mezzanine with private cabanas, and an exclusive beach club. Accompanying the new vibe are fine boutiques, restaurants, lounges, and the first ever David Barton Gym & Spa spread over more than 100,000 square feet of luxury retail space. STK by The ONE Group and Philippe Chow offer a combination of the sexy New York steakhouse and exquisite Asian cuisine, while the 50 foot long shark tank dramatically divides the lobby and Opium Group’s new VIP Lounge, Louis.
Come and enjoy this new paradise playground with playful amenities, family friendly surroundings, indoor and outdoor activities, spectacular views and a South Beach location like no other. Hotels.com have rooms starting at $375 night click here
On the North side of the building are the Gansevoort residences consisting of 259 condos and features a modern design by the same New York team that stylized the first Gansevoort in the Big Apple. Unlike it’s predecessor, Miami Beach’s Gansevoort is larger. Eighteen stories with a 26,000 square foot rooftop area for lounging and entertaining with all the amenities for the hotel guests at your convenience. Private Condo Residences will be found from floors 9 through 17 with studios through 3 bedrooms ranging from 800 to over 5000 square feet. Lower penthouses at Gansevoort will enjoy 11 foot ceilings while other floors at 9 feet. Prices start in the 600′s.
Amenities Include Magnificent lobby and common areas designed by world renowned Interiors by Steven G, Elegant Porte Cochere entrance, Roof level Sky Pool and Sky Playroom, 110 foot ocean view heated rooftop pool on 24,000 square feet palm tree fringed teak rooftop deck, second infinity edge heated pool surrounded by a 12,000 square foot VIP lounge with views of the 50 foot shark tank, Private Beach Club with resort styled environment surrounded by lounging areas, a sunrise pool and cabanas on the ocean, Signature Cafe and Restaurant, indoor and outdoor bar, State of the Art David Barton Health Club with high tech equipment, His & Hers Spa with lounge area, massage and treatment rooms, sauna and steam rooms, Business Center and Conference Rooms, Wine and Cigar Lounge with temperature controlled cellars and humidors, valet parking and surveillance, concierge & security, Boutique Retail Environment, Modern Design Party Room, High Speed Elevators with electronic card access
Call or comment for more information 1.888.383.7326 on the Gansevoort Miami Beach
