Photo by Alexia Fodere

Say you’ve just purchased a prime piece of Sunny Isles Beach real estate. Now, let’s also say you have a spot in your gorgeous new luxury condo that just cries out for a big piece of art. You know, the kind that makes a real statement about who you are and what you’re all about.

What do you do?

Do you wander down to your local gallery in search of the ideal painting or sculpture to compliment your décor?

Do you perhaps commission a local artist to create something just for you?

You could.

Or you could have your car mounted on your wall.

That’s exactly what Trump Palace resident Gil Dezer, whose company also happened to develop the building, has done.

The thing is, 34-year-old Dezer really, really loves Porches. He owns eight of them. But apparently, his 1950 Porsche Spyder 550 is a lot more fun to look at than it is to drive. In fact, it’s so much fun to look at; he considers it a work of art.

So when he was told his new, 8,000 square foot condo needed a piece of art, Dezer knew he already had just the thing to fit the bill.

Of course, hanging a car on your wall isn’t like hanging any other work of art. You can’t just hammer a couple of nails in and try to balance it on a side-view mirror. And as you might imagine, they don’t make heavy duty picture hooks strong enough to support a motor vehicle – even a two seater!

Luckily, Dezer was already in the right business to get this particular job done. He commissioned a local construction company, Coastal Construction, for the job. And while it took six months of planning, engineering and even a crane, the actual job only took a few hours.

And Dezer now has a Porsche hanging over his front door.

Who knows what might be hiding behind (or over) the doors of Miami’s other luxury condos and homes? We’ll keep you posted…

by Lisa Canfield

Wondering why the denizens of Miami Beach and the surrounding area look so healthy on the outside? It could be because they’re just as healthy, or maybe even healthier, on the inside.

The reason? Miami residents have perfected the fine art of chilling out.

A recent survey of major cities across America named Miami America’s Most Relaxed City. Which probably isn’t a surprise to anyone who has the good fortune to live here.

At the other end of the spectrum sits Chicago, which has earned the dubious distinction of being America’s Most Stressed City. Which makes sense to anyone who’s ever tried to dig their car out of a snowdrift in the middle of a Windy City winter.

How do Miami residents spend the winter? At the beach, of course!

But the citizens of our fair city don’t have to rely on nature alone to keep them in optimum mental health.
If they need a little help achieving the ultimate state of Nirvana, there are plenty of places in the Miami Beach area dedicated to getting them there, with yoga centers, Pilates classes and of course, spas dotting the landscape. They can chill out and watch the people go by at a beachside café, or sip a refreshing beverage (or two!) at a local bar. And for those who find their bliss through retail therapy, the shopping in our little corner of the world is unsurpassed.

Basically, life in the Miami Beach area is a lot like life on vacation. Except it doesn’t ever have to end. You don’t need to spend hours on a crowded flight back to reality. Because if you’re lucky enough to live in Miami Beach, this IS your reality – 365 days a year!

No wonder more than two thousand people all over the world trade life in their their stressful cities for a piece of Sunny Isles Real Estate — or some other spot in the Miami area — every single day.

They know investing in luxury condos and homes and other forms of Miami Beach real estate is more than just buying a place to live.

It’s an investment in their well-being.

2 Story Penthouse at Ocean One Sunny Isles Beach

Lifestyles of the Rich & Famous (Part 5) brings us to a very desirable 4 bedroom, 5.5 bath Penthouse residence at Ocean One. This extraordinary mansion in the sky offers only the finest appointments, woodwork, marble, cabinetry and fixtures which make this one of a kind beach penthouse a work of art.   This Ocean One Sunny Isles Beach home includes state of the art smart electronics, electric shades, entertainment system, private elevator, three car enclosed electric door garage deeded to the unit, private Russian sauna, steam room, rooftop hot tub and additional spacious roof top garden overlooking Miami, the ocean and Fort Lauderdale.  Partial ocean views from the south terrace while city lights come to life at night!

Ocean One Condo Development is a well established

30 story condominium with large reserve fund, built in 1999 with only 13 condos for sale out of 240 (5% Inventory). The building includes all of the luxury services along the northern coast of Sunny Isles Beach including an amazing salt water swimming pool with fountains, a beachfront restaurant, fitness center & yoga classes. The land parcel is one of the largest stretches of coastline at approximately 800 linear feet with large green areas, a child’s play area, BBQ grills for cookouts and much more including stellar security as you enter the building. Call for a easy showings (qualified buyers) or additional information at 1.888.383.7326, your Sunny Isles Real Estate resource.

Flickr Ocean One Photography

See all Condos for Sale in Ocean One

Ocean One Condos for Rent

Sunny Isles Beach Florida's Riviera

The City of Sunny Isles has flourished in recent years as new Sunny Isles real estate projects have aided in the renaissance including Trump’s 6 towers, Turnberry Ocean Colony, Acqualina, Jade Ocean, Jade Beach, Ocean Four, III, II, I, Sayan, Pinnacle, La Perla and many others evolving since the late 90′s. Luxury oceanfront condos and luxury resorts span the entire coastline now while in recent years, this desirable location has seen an increase in European, Latin American, Canada and Russian visitors and residents, as well as younger residents with an upscale living environment. Sunny Isles Beach offers everything from beautiful sandy beaches and world class resorts & spas to great shopping and dining. Visitors and residents enjoy the best of both worlds having traditional conveniences and the friendliness of a small town, with the sophistication & perks of a major metro area plus the fun of being right on the beach. Today, Sunny Isles Beach is a top travel destination in the U.S. offering both luxury resort vacations as well as affordable family vacations. Local residents and tourists alike can hop over the William Lehman Causeway to discover one of the Nations top grossing shopping destinations, the Aventura Mall or drive 10 minutes south into Bal Harbour for a taste of premier shopping boutiques including Saks, Chanel, Escada, Prada, Hermes, Christian Dior, Giorgio Armani and many more at the Bal Harbour Shops. Great restaurants in Sunny Isles are abundant with Neomi’s at the Trump Beach Resort, Kitchen 305 at Newport Hotel, The Pelican at the Pier (oceanfront at 166th Street), Lotus (Russian!), San Telmo (Argentinian!), La Terrazza (Italian!) and sooo many others. Come visit Miami for a temporary vacation stay or look to find a great condo deal now being acquired for new savvy buyers looking to call Sunny Isles Beach home.

Click here to explore Sunny Isles Beach condos or call toll free 1.888.383.7326 for related information.

Sunny Isles & Miami Beach Luxury Condo Anlaysis within the price band of $500,000 to $1.2M.

In my opinion, these are the most attractive condos priced well along the ocean in April within this price band from $500k to $1.2M.

All estimates are based on asking prices with market average sale to list price at 88%. Rental service fees were not included (tax deductible expense) and range from 10% gross to 1 month rental income.

Tax estimates are derived from Miami Dade County Tax Estimate website here. Year 1 tax estimates are prorated on current owners tax amount due and reassessed on year 2 based on area sales+sale price.

All rental values are my best valuation based on recent comparable rentals a conservative estimate. Rental income can vary on building, season, competition and these figures are my best estimate for a rental occurring under the average days on market.

Figures derived from MLS (SEF Multiple Listing Service) and IMAPP Database with final estimates assuming there is no mortgage on the property. Click on the property link for more information.

• JADE Beach Condo #1208 -M1290095

• Sayan Condo #2001 -D1274485

• Trump Palace #PH5202 -M1295143

Hello friends, it’s April 15th Tax Day!! I’ve been so busy with real estate I’ve made no time for blogging… I can attest that consumer confidence is on the rise with Miami Dade “Beaches” showing sales increases at 20% over last month while Miami Dade 71% (condos YTD) over this time last year! The REO’s have become hard to catch with multiple offers and delay strategies used by the bank representatives while they collect offers. Properties that used to sell for $800k (oceanfront) priced as low as $350k (ie. La Gorce Palace). In between, I’ve also been busy finally obtaining my Broker’s license through the State of Florida, having my 32nd Birthday and doing many new deals from multiple luxury rentals to 5 pending offers on condos to even negotiating a commercial property on Biscayne Boulevard.

It’s refreshing to see strong activity and a majority of factors in favor of a stable market, I see a halt on price depreciation by 4th quarter… { Miami Beach }. I don’t relay what’s happening in Miami Dade County (Downtown Miami Blog) but more so on a local specialty area of the Miami Dade Beaches. The Jade Condos Sunny Isles website and blog are getting loads of attention but I have yet to take on a listing to market. Maybe this is a good thing as seller expectations have now (are now catching) caught up with true market values (or at least in the right direction for sales activity). JADE Beach Unit 4008 is a deal and will sell soon.  The MiamiDreamRealty.com website has climbed very high on the search engines with over 20,000 visitors each month and ranking very well organically for Sunny Isles Real Estate, South Beach FL real estate, South Beach FL Condos, Miami Beach FL Condos, Bal Harbour Real Estate and so many more keywords. I’ve got big goals and plans in store for each website and blog this year and a new collaboration with a trusted colleague as we build a blogsite for what will soon be the most desirable condo hotel… More coming this month. Here’s a short video clip of a unit which sold in 2007 for $1.450M and is now on the market at a fraction of the price (under contract).

South Beach to Sunny Isles Real Estate Consultant, Micro Economist. If you’re thinking of placing your luxury estate on the market, contact me for a marketing overview and pricing band analysis to determine the proper selling price. 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 right column) or by email above every time a new posting occurs. Preview the JADECondosSunnyIsles.com website exclusive to Jade Beach & Jade Ocean Condos! Have a great week and call any time toll free 1.888.383.7326 or view new condos here.

Edition #3 of the 2009 Sunny Isles Beach Condo Index. We will be comparing the luxury oceanfront market from the 1st Quarter Sunny Isles Condo Index to today’s updated 1Q 2009 Sunny Isles Condo Index including premier luxury towers such as Turnberry Ocean Colony, Acqualina, JADE Beach, Trump Palace, Trump Royale, Trump Towers I, II & III, Ocean 4, Sayan and a few select others. For various reasons, I’ve left out excluded other great residential oceanfront towers from this Index such as Ocean III, Ocean II, Pinnacle, Millennium and the oceanfront condo hotel properties including the Trump International Resort, Le Meridian (M Resort) and the newest Sonesta Sole.

I believe it best to analyze the local entities instead of feeding into the media’s fear of the National real estate market or even the reports on Miami Dade County. WHY? When you check the temperature outside, do you look at the National temperature or do you look at YOUR local temperature? That’s right and same with local real estate markets… not even Miami in general but instead, it’s dependant on the Sunny Isles Beach ”Local Market” and this is what I relay herein the Miami Beach Real Estate Blog so check back often for new condo updates in the entities of Bal Harbour, North Bay Village, Miami Beach & SoBe. Last year was a record year for business with luxury sales in Trump Palace (4806) and Turnberry Ocean Colony (2401), an invitation to the Million Dollar Guild (CLHMS) and the creation of JadeCondosSunnyIsles.com. Miami Dade seems to have set the National trend of a downward real estate market back in 4Q 2005 and we are now in the 4th year of a depreciating market seeing approximately 35 to 40% depreciated real estate values and in some buildings more. On the flipside, total entity inventory is decreasing month over month slowly since early 2008 (although in insignificant numbers).

On to the Sunny Isles 1Q 2009 Condo Index… As of today we are noting 1,469 total condos for sale in Sunny Isles Beach. This year, there have been 52 total closed sales (ALL figures are derived from the Multiple Listing Service MLS on February 24th, 2009). What we will be analyzed in this post are statistics and trends for the most desirable luxury towers along Sunny Isles Beaches.

Percentage Available Inventory, Average List Price & Average Price Per Square Foot for leading luxury condo towers currently listed & Active on the MLS.

• Acqualina- 17875 Collins Avenue | 29 of 247 or 12% | Ave List Price $2.470M | Ave PPSF $805
• JADE Beach- 17001 Collins Avenue | 26 of 248 or 10% | Ave List Price $1.428M | Ave PPSF $700
• JADE Ocean- 17121 Collins Avenue | Released 1Q 2009 with No MLS records
• Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 24 of 130 or 18%| Ave List Price $2.185M | Ave PPSF $734
• Turnberry Ocean Colony South Tower- 16047 Collins Avenue | 32 of 130 or 25% | Ave List Price $2.234M | Ave PPSF $749
• Trump Palace- 18101 Collins Avenue | 54 of 275 or 20% | Ave List Price $1.188M | Ave PPSF $635
• Trump Royale (Just Released NOV08) – 18201 Collins Avenue | 15 of 275 or 5% | Ave list Price $782,700 | Ave PPSF $513
• Trump Tower I- 16001 Collins Avenue | 37 of 271 or 14% | Ave List Price $1.267M | Ave PPSF $524
• Trump Tower II – 15901 Collins Avenue | 13 of 271 or 5% | Ave List Price $1.296 | Ave PPSF $575
• Trump Tower III – 15850 Collins Avenue | Released 1Q 2009 with No MLS records
• Sayan- 16275 Collins Avenue | 20 of 88 or 23% | Ave List Price $983k | Ave PPSF $481
• Ocean Four – 17201 Collins Avenue | 69 of 281 or 25% | Ave List Price $1.056M | Ave PPSF $512
• La Perla- 16699 Collins Avenue | 47 of 326 or 14%| Ave List Price $636k| Ave PPSF $412

Ave. Price Per Square Foot on Condos SOLD within the last 6 months, Sale Price to List and # Days On Market

• Acqualina- 17875 Collins Avenue | 6 Closed Sales at $627 PPSF (6% decrease since 1Q 2008) | 94% SP/LP | 256 DOM
• JADE Beach- 17001 Collins Avenue | Just Released with No Closed MLS Sales
• JADE Ocean- 17121 Collins Avenue | Released 1Q 2009 with No Closed MLS Sales
• Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 4 Closed Sales at $527 PSF (25% decrease since 1Q 2008) | 83% SP/LP | 224 DOM
• Turnberry Ocean Colony South Tower- 16047 Collins Avenue | 3 Closed Sales at $671 PSF (6% increase since 1Q 2008) | 90% SP/LP | 189 DOM
• Trump Palace- 18101 Collins Avenue | 12 Closed Sales at $555 PSF (4% increase since 1Q 2008)| 90% SP/LP | 85 DOM
• Trump Royale – 18201 Collins Avenue | Just Released in NOV08 with No Closed MLS Sales
• Trump Tower I- 16001 Collins Avenue | 1 Closed Sales at $399 PSF | 98% SP/LP | 127 DOM
• Trump Tower II – 15901 Collins Avenue | Just Released with No Closed MLS Sales
• Trump Tower III – 15850 Collins Avenue | Released 1Q 2009 w/No Closed MLS Sales
• Sayan- 16275 Collins Avenue | 1 Closed Sale at $389 PSF (10% decrease since 1Q 2008) | 78% SP/LP | 220 DOM
• Ocean Four – 17201 Collins Avenue | 5 Closed Sales at $387 PSF (20% decrease since 1Q 2008) | 93% SP/LP | 184 DOM
• La Perla- 16699 Collins Avenue | 5 Closed Sales at $360 PSF (13% decrease since 1Q 2008) | 91% SP/LP | 307 DOM

Executive Summary-

Taking only the above luxury oceanfront towers into account, we see an average selling price per square foot for Sunny Isles Beach real estate reduced to $489 ($524 1Q) psf “oceanfront” VS. an average asking price of $604 ($603 1Q) psf for a $1 psf increase since 1 Quarter 2008. Simply put, a 7% reduction in selling price per square foot since the previous 1st quarter 2008… we see an average ‘asking’ price per square foot at $604 with a  ’selling’ price per square foot for Sunny Isles Beach real estate at $489 psf for a $115 psf (19%) difference in selling price from the asking price.

Average Days On Market is showing an average closing time of 199 DOM or 6.63 months to sell compared to 170 DOM 1st Quarter 2008 or 5.68 months to sell an oceanfront condo for a 1 month increase. In looking at the health of a building we first look at available inventory. I typically relay a healthy inventory level of  less than 15%. We see unhealthy inventory levels in the majority of these new luxury oceanfront towers. Inventory has increased in the premier luxury towers of Sunny Isles including Turnberry Ocean Colony (both N & S Towers), Trump Palace, Sayan and Ocean 4. On a positive note, Trump Palace is still trading a lot of real estate with, in my opinion, the best building for the value (Gated. Established. Resort Access. Location.). Trump Palace also sells the fastest with an average of only 85 days on the market when priced correctly.

Any questions please ask and I am fallible although I went through MLS numbers over 5 times to confirm. Sellers, are you attempting to sell with little communication on values, marketing & progress…? Call me for a personalized market report for your condo and let’s get started. Buyer’s ready for a great buy? Call or email for the very best deals along Sunny Isles Beach, Bal Harbour & South Beach. The buyer advantage is selection & leverage. If you’d like to receive local Miami Beach FL real estate news via blog postings & updates, you can easily be notified by RSS feed (see upper right column) or by email above each time a new posting occurs. Visit JADECondosSunnyIsles.com website & Blog relaying all new information for JADE Beach & JADE Ocean! Have a great week and call any time toll free 1.888.383.7326 or view new luxury condos here. South Beach to Sunny Isles Real Estate Sales & Marketing.

Hello friends. Today, I wanted to relay the 2008 South East Florida real estate trends (statistics & trends) showed for the zip code 33160 which includes Sunny Isles Beach and Aventura waterfront condos. These figures are based on a 12 month and 15 month snapshot ending December 31st 2008…

{Criteria: 33160, Waterfront Condos encompassing all price ranges}