Tag: Trump Palace

Just Listed | Trump Palace Penthouse 5304 by Ashton Coleman

by on Apr.09, 2014, under Buyers of South Florida, Condos and Development, Deal of the Month, Luxury Residential Market, New Listings, Sunny Isles Beach Condos

Sunny Isles Beach Luxury Oceanfront Condo | Amazing Lifestyle. Endless Miami Views

An amazing opportunity. Built in 2006, Ashton Coleman Presents TrumpPalacePenthouse5304.com located on the desirable coastline of Sunny Isles Beach. Live in opulence and luxury. This is a very rare floor plan (only 1 of 4 available) includes formal areas with vaulted 12′ ceilings, a Media Room and Family Room. Penthouse #5304 features two large balconies facing the Southeast coastline with direct Atlantic Ocean & views all the way to Miami Beach & Downtown never to be obstructed! The other end of your home offers amazing city & skyline views towards Aventura and the large Intracoastal waterways of Biscayne Bay. This amazing Penthouse is over 2,800 total square feet.  The Trump Grande development includes the International Hotel, Trump Palace and Trump Royale encompassing 17 acres with an unparalleled lifestyle in the very best location along the beaches. 4 pools, restaurants, beach service, room service, Spa, fitness, child care and a lifestyle for families like no other. Valet parking for multiple vehicles and additional storage space included.

Trump Palace Penthouse 5304

Trump Palace Penthouse 5304

Trump Palace Penthouse 5304

Trump Palace Penthouse 5304

Click here to View other Sunny Isles Beach Luxury Oceanfront Condos for Sale

If you would like to schedule a showing, please contact my office at 786-27-DREAM or toll free at 888-38-DREAM to make an appointment. I’m a Miami area real estate specialist.  Over the past 12 years, I have sold & serviced Sunny Isles Beach to South Beach along with Aventura to Coral Gables.  If you would like to schedule a meeting with me, please feel free to call me directly at (305) 978-7704 or send me a note here.

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The Miami Beach Real Estate Blog is the most comprehensive online source for Sunny Isles & Miami Beach real estate information. Whether you are looking for the latest sales, trends or homes for sale in Sunny Isles Beach, The Miami Beach Real Estate Blog has it all at your fingertips. Browse information regarding the upcoming new Miami construction projects, premier gated communities, waterfront homesLofts & Townhomesforeclosures plus much more.

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Sunny Isles Beach Luxury Oceanfront Condo Market Index 2013

by on Sep.05, 2013, under Miscellaneous

Sunny Isles Condo Index September 2013: Edition #10

Hi friends! Below, we will be reviewing the latest real estate trends and comparing the luxury oceanfront market from the October 2012 Condo Index to today’s updated 2013 Sunny Isles Condo Index including premier oceanfront condo towers such as AcqualinaJADE OceanJADE Beach, Turnberry Ocean ColonyTrump PalaceTrump RoyaleOcean FourSayanTrump TowersPinnacle & Millennium. I’ve excluded condo hotel properties from this research including  Trump International Beach ResortMerenas ResortOcean Point and Sole on the Ocean. What will be analyzed more specifically in this Miami blog post are luxury oceanfront condo buildings, statistics & new 2013 trends for the most desirable luxury condo towers along the coastline of Sunny Isles Beach.

Sunny Isles Beach Condo Index (2013)

As of September 5th, we are noting 608 total condos for sale in Sunny Isles Beach up 8% from the October 2012 Condo Index. In the last 30 days, there have been 57 total closed sales. In the last 90 days, 242 condos have sold averaging $385 per square foot with a 95% Sale to List Price Ratio and 107 days on market. In the same 90 day period of October 2012, there had been 297 condos sold averaging $354 per square foot (Sold values Up 8% over October 2012) with a 98% Sale to List Price Ratio and 123 days on market.

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

  • Acqualina- 17875 – 17885 Collins Avenue | 7 of 247 or 3% | Ave List Price $3.153M | Ave PPSF $1,219
  • Mansions at Acqualina – 17749 Collins Avenue – New Construction coming soon..
  • Chateau – 17475 Collins Avenue – New Construction coming soon..
  • JADE Beach – 17001 Collins Avenue | 21 of 248 or 8% | Ave List Price $2.597M | Ave PPSF $1,071
  • JADE Ocean – 17121 Collins Avenue | 9 of 250 or 4% | Ave List Price $4.417M | Ave PPSF $1,307
  • Jade Signature – 16901 Collins Avenue – New Construction coming soon..
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 10 of 130 or 8% | Ave List Price $3.213M | Ave PPSF $1,056
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 8 of 130 or 6% | Ave List Price $4.211M | Ave PPSF $1,132
  • Trump Palace – 18101 Collins Avenue | 10 of 275 or 4% | Ave List Price $2.091M | Ave PPSF $1,088
  • Trump Royale – 18201 Collins Avenue | 27 of 384 or 7%| Ave list Price $1.526M | Ave PPSF $840
  • Trump Tower I – 16001 Collins Avenue | 18 of 271 or 6% | Ave List Price $1.717M | Ave PPSF $756
  • Trump Tower II – 15901 Collins Avenue | 11 of 271 or 4% | Ave List Price $1.884M | Ave PPSF $807
  • Trump Tower III – 15811 Collins Avenue| 13 of 271 or 5% | Ave List Price $1.529M | Ave PPSF $772
  • Regalia – 19505 Collins Avenue – New Construction coming soon..
  • Sayan- 16275 Collins Avenue | 10 of 88 or 11% | Ave List Price $1.956M | Ave PPSF $680
  • Ocean Four – 17201 Collins Avenue | 14 of 281 or 5% | Ave List Price $1.705M | Ave PPSF $779
  • Ocean Three – 18911 Collins Avenue | 7 of 215 or 3% | Ave List Price $2.225M | Ave PPSF $720
  • Ocean Two – 19111 Collins Avenue | 2 of 254 or 1% | Ave List Price $2.597M | Ave PPSF $790
  • Ocean One – 19333 Collins Avenue | 2 of 241 or 1% | Ave List Price $1.425M | Ave PPSF $729
  • Millennium – 18671 Collins Avenue | 5 of 120 or 4% | Ave List Price $1.585M | Ave PPSF $815
  • Pinnacle – 17555 Collins Avenue | 10 of 244 or 4% | Ave List Price $1.752M | Ave PPSF $718
  • La Perla- 16699 Collins Avenue | 10 of 326 or 3% | Ave List Price $824k | Ave PPSF $545

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

  • Acqualina- 17885 Collins Avenue | 7 Closed Sales at $1,096 PSF (23% increase in SP$/PSF since OCT 2012) | 92% SP/LP | 56 DOM
  • Mansions at Acqualina – 17749 Collins Avenue – New Construction coming soon..
  • Chateau – 17475 Collins Avenue – New Construction coming soon..
  • JADE Beach- 17001 Collins Avenue | 13 Closed Sales at $857 PSF (11% increase in SP$/PSF since OCT 2012) | 96% SP/LP | 120 DOM
  • JADE Ocean- 17121 Collins Avenue | 12 Closed Sales at $991 PSF (15% increase in PPSF since OCT 2012) | 94% SP/LP | 80 DOM
  • Jade Signature – 16901 Collins Avenue – New Construction coming soon..
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 4 Closed Sales at $942 PSF (7% increase in PPSF since OCT 2012) | 94% SP/LP | 154 DOM
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 5 Closed Sales at $854 PSF (7% increase in PPSF since OCT 2012) | 91% SP/LP | 123  DOM
  • Trump Palace – 18101 Collins Avenue | 14 Closed Sales at $751 PSF (21% increase in PPSF since OCT 2012) | 93% SP/LP | 122 DOM
  • Trump Royale – 18201 Collins Avenue | 4 Closed Sales at $724 PSF (21% increase in PPSF since OCT 2012) | 91% SP/LP | 54 DOM
  • Trump Tower I – 16001 Collins Avenue | 8 Closed Sales at $592 PSF (10% increase in PPSF since OCT 2012) | 95% SP/LP | 153 DOM
  • Trump Tower II – 15901 Collins Avenue | 8 Closed Sales at $604 PSF (12% increase in PPSF since OCT 2012) | 94% SP/LP | 184 DOM
  • Trump Tower III – 15811 Collins Avenue | 10 Closed Sales at $635 PSF (NEW Results) | 94% SP/LP | 164 DOM
  • Regalia - 19505 Collins Avenue – New Construction coming soon..
  • Sayan- 16275 Collins Avenue | 2 Closed Sales at $597 PSF (26% increase in PPSF since OCT 2012) | 97% SP/LP | 21 DOM
  • Ocean Four – 17201 Collins Avenue | 11 Closed Sales at $480 PSF (4% decrease in PPSF since OCT 2012) | 94% SP/LP | 106 DOM
  • Ocean Three – 18911 Collins Avenue | 7 Closed Sales at $493 PSF (13% increase in PPSF since OCT 2012) | 97% SP/LP | 102 DOM
  • Ocean Two – 19111 Collins Avenue | 12 Closed Sales at $566 PSF (13% increase in PPSF since OCT 2012) | 93% SP/LP | 98 DOM
  • Ocean One – 19333 Collins Avenue | 4 Closed Sales at $491 PSF (24% increase in PPSF since OCT 2012) | 90% SP/LP | 240 DOM
  • Millennium – 18671 Collins Avenue | 4 Closed Sales at $522 PSF (16% decrease in PPSF since OCT 2012) | 84% SP/LP | 90 DOM
  • Pinnacle – 17555 Collins Avenue | 7 Closed Sales at $526 PSF (8% increase in PPSF since OCT 2012) | 93% SP/LP | 162 DOM
  • La Perla- 16699 Collins Avenue | 13 Closed Sales at $514 PSF (14% increase in PPSF since OCT 2012) | 96% SP/LP | 72 DOM

Sunny Isles Beach Condo Index Summary

Wow, what a difference we’ve seen in values during this last 11 month period! Sunny Isles Beach condo inventory is hovering 608 total condos for sale while property values have increased considerably (14% SP$PSF Average) over the last year. The average buyer discounts along with the number of days it takes to sell a condominium have also decreased considerably. These luxury oceanfront condo towers sustain very healthy inventory figures as shown above with less than an average 4.8% available. Each building & property tells us a different story on sales and trends while the bottom line is that the Sunny Isles Beach condo market has shown major signs of improvement (since 2009) into what is now a strong seller’s market on oceanfront real estate. It’s still an awesome time to buy Miami Beach real estate as long as you and the family will enjoy the property for years to come. Miami Dade County Beaches are in big demand and a very desirable place to call home.

Buyers, Ready for an amazing Miami condo or home? Call or email for the very best properties along Sunny Isles Beach, Aventura, Bal HarbourNorth Bay VillageMiami Beach & South Beach.. Now also covering Coconut Grove real estate and Coral Gables. The buyer advantage is still pricing and low interest rates when financing is leveraged. Do realize that luxury real estate, in the current market, has comparable closed sales thrown out the door. Prior Sales don’t really matter to affluent sellers patiently waiting and savvy brokers who manage to make new 2013 sales records. We are seeing consistent & multiple cash offers where over 79% of sales include buyers paying cash. Multiple buyers & bids are driving up values with this 14% average market gain from almost a year earlier.

Selling or Leasing Your Condo? Now is the Time! Call or email me now for a personalized market report and global marketing plan surely to gain proper exposure for your condominium. Let’s start marketing today at 1. 888.383.7326 or direct 1. 305.978.7704. As this year comes to an end and Miami’s pre-construction inventory begins to rise at a speculative future value, I believe prices may show favor in selling now. We are in a sellers market with multiple buyers looking for properties such as yours.

If you’d like to receive local Miami Beach FL real estate news via these valuable blog posts, you can easily be notified by RSS feed (see upper right column) or by email each time a new real estate news post occurs. Visit JADE Condos Sunny Isles website & JADE Condo Blog relaying great information on JADE Beach & JADE Ocean along with Turnberry Ocean Colony Sunny Isles website & Ocean Colony Condo Blog for the ultimate luxury condo knowledge. The truth is in the numbers 1.888.383.7326 and I welcome your knowledge, opinions, comments & feedback.

Showing You the Very Best from Sunny Isles to South Beach!

*Click the Photo Below to Learn More About this Great New Listing*

Jade Beach Condo 802 Sunny Isles

(Figures are derived from the South Florida Regional Multiple Listing Service September 2013)

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Sunny Isles Beach Luxury Oceanfront Condo Market Index 4Q 2012

by on Oct.23, 2012, under Buyers of South Florida, Condos and Development, Luxury Residential Market, Seller's of South Florida, Sunny Isles Beach Condos

Edition #9: October 2012 Sunny Isles Condo Index

We’ll be reviewing the latest  trends and comparing the luxury oceanfront market from the 1Q 2012 Condo Index to today’s updated 4Q 2012 Sunny Isles Condo Index including premier oceanfront condo towers such as Turnberry Ocean Colony,AcqualinaJADE OceanJADE BeachTrump PalaceTrump RoyaleOcean FourSayanTrump TowersPinnacle & Millennium. I’ve excluded condo hotel properties from this research including  Trump International Beach ResortMerenas ResortOcean Point and Sole on the Ocean. What will be analyzed more specifically in this post are luxury oceanfront condo buildings, statistics & new 2012 trends for the most desirable luxury towers along the coastline of Sunny Isles Beach.

Sunny Isles Beach Condo Index (4Q 2012)

As of October 23rd, we are noting 554 total condos for sale in Sunny Isles Beach down 19% from the January 2012 Condo Index. In the last 30 days, there have been 66 total closed sales. In the last 90 days, 297 condos have sold averaging $354 per square foot with a 98% Sale to List Price Ratio and 123 days on market. In the same 90 day period of January 2012, there had been 212 condos sold averaging $264 per square foot (Sold values Up 11% over January 2012) with a 94% Sale to List Price Ratio and 163 days on market.

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

  •  Acqualina- 17875 – 17885 Collins Avenue | 9 of 247 or 4% | Ave List Price $2.385M | Ave PPSF $1049
  • JADE Beach – 17001 Collins Avenue | 17 of 248 or 7% | Ave List Price $2.398M | Ave PPSF $960
  • JADE Ocean – 17121 Collins Avenue | 11 of 250 or 4% | Ave List Price $3.977M | Ave PPSF $1,240
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 8 of 130 or 6% | Ave List Price $2.875M | Ave PPSF $1036
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 8 of 130 or 6% | Ave List Price $4.235M | Ave PPSF $1113
  • Trump Palace – 18101 Collins Avenue | 12 of 275 or 4% | Ave List Price $2.082M | Ave PPSF $958
  • Trump Royale – 18201 Collins Avenue | 14 of 384 or 4%| Ave list Price $1.488M | Ave PPSF $803
  • Trump Tower I – 16001 Collins Avenue | 17 of 271 or 6% | Ave List Price $1.591M | Ave PPSF $664
  • Trump Tower II – 15901 Collins Avenue | 12 of 271 or 4% | Ave List Price $1.491M | Ave PPSF $670
  • Trump Tower III – 15811 Collins Avenue| 13 of 271 or 5% | Ave List Price $1.366M | Ave PPSF $685
  • Sayan- 16275 Collins Avenue | 5 of 88 or 6% | Ave List Price $1.034M | Ave PPSF $648
  • Ocean Four – 17201 Collins Avenue | 9 of 281 or 3% | Ave List Price $1.160M | Ave PPSF $584
  • Ocean Three – 18911 Collins Avenue | 5 of 215 or 2% | Ave List Price $1.358M | Ave PPSF $542
  • Ocean Two – 19111 Collins Avenue | 8 of 254 or 3% | Ave List Price $1.272M | Ave PPSF $546
  • Ocean One – 19333 Collins Avenue | 5 of 241 or 2% | Ave List Price $996k | Ave PPSF $478
  • Millennium – 18671 Collins Avenue | 3 of 120 or 3% | Ave List Price $1.781M | Ave PPSF $623
  • Pinnacle – 17555 Collins Avenue | 11 of 244 or 5% | Ave List Price $1.392M | Ave PPSF $627
  • La Perla- 16699 Collins Avenue | 15 of 326 or 5% | Ave List Price $767k | Ave PPSF $510

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

  • Acqualina- 17885 Collins Avenue | 12 Closed Sales at $844 PSF (2% increase in PPSF since 1Q 2012) | 95% SP/LP | 310 DOM
  • JADE Beach- 17001 Collins Avenue | 19 Closed Sales at $762 PSF (24% increase in PPSF since 1Q 2012) | 93% SP/LP | 231 DOM
  • JADE Ocean- 17121 Collins Avenue | 9 Closed Sales at $840 PSF (14% increase in PPSF since 1Q 2012) | 91% SP/LP | 156 DOM
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 4 Closed Sales at $876 PSF (18% increase in PPSF since 1Q 2012) | 91% SP/LP | 168 DOM
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 3 Closed Sales at $798 PSF (12% increase in PPSF since 1Q 2012) | 97% SP/LP | 107  DOM
  • Trump Palace – 18101 Collins Avenue | 11 Closed Sales at $595 PSF (13% increase in PPSF since 1Q 2012) | 97% SP/LP | 343 DOM
  • Trump Royale – 18201 Collins Avenue | 6 Closed Sales at $572 PSF (13% increase in PPSF since 1Q 2012) | 95% SP/LP | 100 DOM
  • Trump Tower I – 16001 Collins Avenue | 16 Closed Sales at $533 PSF (same% in PPSF since 1Q 2012) | 94% SP/LP | 214 DOM
  • Trump Tower II – 15901 Collins Avenue | 10 Closed Sales at $534 PSF (18% increase in PPSF since 1Q 2012) | 101% SP/LP | 185 DOM
  • Trump Tower III – 15811 Collins Avenue | 2 Closed Sales at $546 PSF (NEW Results) | 95% SP/LP | 35 DOM
  • Sayan- 16275 Collins Avenue | 5 Closed Sales at $444 PSF (27% increase in PPSF since 1Q 2012) | 104% SP/LP | 125 DOM
  • Ocean Four – 17201 Collins Avenue | 19 Closed Sales at $499 PSF (18% increase in PPSF since 1Q 2012) | 96% SP/LP | 231 DOM
  • Ocean Three – 18911 Collins Avenue | 9 Closed Sales at $429 PSF (10% increase in PPSF since 1Q 2012) | 88% SP/LP | 168 DOM
  • Ocean Two – 19111 Collins Avenue | 8 Closed Sales at $494 PSF (19% increase in PPSF since 1Q 2012) | 95% SP/LP | 122 DOM
  • Ocean One – 19333 Collins Avenue | 7 Closed Sales at $375 PSF (20% increase in PPSF since 1Q 2012) | 92% SP/LP | 75 DOM
  • Millennium – 18671 Collins Avenue | 4 Closed Sales at $441 PSF (10% decrease in PPSF since 1Q 2012) | 96% SP/LP | 249 DOM
  • Pinnacle – 17555 Collins Avenue | 8 Closed Sales at $526 PSF (23% increase in PPSF since 1Q 2012) | 94% SP/LP | 152 DOM
  • La Perla- 16699 Collins Avenue | 21 Closed Sales at $440 PSF (18% increase in PPSF since 1Q 2012) | 97% SP/LP | 111 DOM

Sunny Isles Beach Condo Index Summary

Sunny Isles Beach condo inventory is way down hovering 554 total condos for sale while property values have increased considerably (16% PSF Average). The average buyer discounts have decreased along with the number of days on the market it takes to sell a condominium. These oceanfront condo towers now have very healthy inventory figures as shown above in blue with less than an average 4% available. Each building & property will tell a different story on sales and trends while the bottom line is that the Sunny Isles Beach condo market has shown major signs of improvement (since 2009) on oceanfront real estate. It’s still an awesome time to buy Miami Beach real estate as long as you and the family will enjoy the property for years to come. Miami Dade County Beaches are in big demand and a very desirable place to call home.

Buyers ready for an oceanfront property? Call or email for the very best condo deals along Sunny Isles BeachBal HarbourNorth Bay VillageMiami Beach & South Beach. The buyer advantage is still pricing and leverage but we are consistently seeing multiple cash offers and dwindling inventory which are driving up values as we noted the 16% gain from earlier this year. As this new year comes to an end and inventory continues to decrease, I believe prices will show in favor for continued improvement and a fast transition back to a sellers market.

Selling or Leasing Your Condo? Now is the Time! Call or email me now for a personalized market report and global marketing plan surely to gain proper exposure for your condominium. Let’s start marketing today at 1. 888.383.7326 or direct 1. 305.978.7704.

If you’d like to receive local Miami Beach FL real estate news via these valuable blog posts, you can easily be notified by RSS feed (see upper right column) or by email each time a new real estate news post occurs. Visit JADE Condos Sunny Isles website & JADE Condo Blog relaying great information on JADE Beach & JADE Ocean along with Turnberry Ocean Colony Sunny Isles website & Ocean Colony Condo Blog for the ultimate luxury condo knowledge. The truth is in the numbers 1.888.383.7326 and I welcome your knowledge, opinions, comments & feedback.

Showing You the Very Best from Sunny Isles to South Beach!

(Figures are derived from the South Florida Regional Multiple Listing Service October 2012)

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Sunny Isles Beach Luxury Oceanfront Condo Market Index 2Q 2011

by on May.19, 2011, under Buyers of South Florida, Condos and Development, Investments, Seller's of South Florida, Sunny Isles Beach Condos

Edition #7 of the 2011 Sunny Isles Condo Index

We’ll be reviewing the latest  trends and comparing the luxury oceanfront market from the 3Q 2010 Sunny Isles Condo Index to today’s updated 2Q 2011 Sunny Isles Condo Index including premier oceanfront towers such as Turnberry Ocean Colony, Acqualina, JADE Ocean, JADE Beach, Trump Palace, Trump Royale, Ocean Four, Sayan, Trump Towers, Pinnacle & Millennium. I’ve excluded condo hotel properties from this research including  Trump International Beach Resort, Merenas Resort, Ocean Point and Sole on the Ocean.

Sunny Isles Beach Condo Index (2Q 2011)

As of May 19th, we are noting 852 total condos for sale in Sunny Isles Beach down 22% from the July 2010 Condo Index. So far in 2011, there have been 361 total closed sales (Figures are derived from the South Florida Regional Multiple Listing Service May 2011) this year. In the last 90 days, 177 condos have sold averaging $247 per square foot with a 99% Sale to List Price Ratio and 140 days on market. In the same 90 day period of July 14th 2010, there had been 176 condos sold averaging $256 per square foot (Sold values down 4% over July 2010) with a 93% Sale to List Price Ratio and 164 days on market.

What will be analyzed more specifically in this post are luxury oceanfront condo building statistics & new trends for the most desirable luxury towers along the coastline of Sunny Isles Beach.
Percentage Available Inventory, Average List Price & Average Price Per Square Foot for leading luxury condo towers currently listed & Active on the MLS

  • Acqualina- 17885 Collins Avenue | 22 of 247 or 9%| Ave List Price $1.979M | Ave PPSF $862
  • JADE Beach – 17001 Collins Avenue | 32 of 248 or 13% | Ave List Price $1.754M | Ave PPSF $722
  • JADE Ocean (26 Developer units remain) – 17121 Collins Avenue | 16 of 250 or 6% | Ave List Price $1.731M | Ave PPSF $765
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 9 of 130 or 7% | Ave List Price $2.684M | Ave PPSF $857
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 14 of 130 or 11% | Ave List Price $2.787M | Ave PPSF $863
  • Trump Palace – 18101 Collins Avenue | 21 of 275 or 8% | Ave List Price $1.316M | Ave PPSF $638
  • Trump Royale – 18201 Collins Avenue | 18 of 384 or 5%| Ave list Price $1.027M | Ave PPSF $577
  • Trump Tower I – 16001 Collins Avenue | 31 of 271 or 11% | Ave List Price $1.179M | Ave PPSF $527
  • Trump Tower II – 15901 Collins Avenue | 11 of 271 or 4% | Ave List Price $1.188M | Ave PPSF $520
  • Trump Tower III – 15850 Collins Avenue | Developer Inventory Selling
  • Sayan- 16275 Collins Avenue | 12 of 88 or 14% | Ave List Price $1.112M | Ave PPSF $489
  • Ocean Four – 17201 Collins Avenue | 29 of 281 or 10% | Ave List Price $1.006M | Ave PPSF $504
  • Ocean Three – 18911 Collins Avenue | 18 of 215 or 8% | Ave List Price $1.181M | Ave PPSF $458
  • Ocean Two – 19111 Collins Avenue | 11 of 254 or 4% | Ave List Price $1.025M | Ave PPSF $456
  • Ocean One – 19333 Collins Avenue | 12 of 241 or 5% | Ave List Price $886k | Ave PPSF $395
  • Millennium – 18671 Collins Avenue | 2 of 120 or 2% | Ave List Price $1.325M | Ave PPSF $597
  • Pinnacle – 17555 Collins Avenue | 13 of 244 or 5% | Ave List Price $1.037M | Ave PPSF $496
  • La Perla- 16699 Collins Avenue | 21 of 326 or 6% | Ave List Price $676k | Ave PPSF $434

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

  • Acqualina- 17885 Collins Avenue | 17 Closed Sales at $726 PSF (7% increase in PPSF since 3Q 2010) | 93% SP/LP | 145  DOM
  • JADE Beach- 17001 Collins Avenue | 9 Closed Sales at $517 PSF (17% increase in PPSF since 3Q 2010) | 89% SP/LP | 215 DOM
  • JADE Ocean- 17121 Collins Avenue | 3 Closed Sales at $678 PSF | 91% SP/LP | 203 DOM
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 6 Closed Sales at $691 PSF (2% increase in PPSF since 3Q 2010) | 86% SP/LP | 116 DOM
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 4 Closed Sales at $735 PSF (22% increase in PPSF since 3Q 2010) | 86% SP/LP | 122  DOM
  • Trump Palace- 18101 Collins Avenue | 10 Closed Sales at $467 PSF (5% decrease in PPSF since 3Q 2010) | 89% SP/LP | 92 DOM
  • Trump Royale – 18201 Collins Avenue | 5 Closed Sales at $472 PSF (5% decrease in PPSF since 3Q 2010) | 95% SP/LP | 174 DOM
  • Trump Tower I – 16001 Collins Avenue | 2 Closed Sales at $518 PSF (23% increase in PPSF since 3Q 2010) | 95% SP/LP | 92 DOM
  • Trump Tower II – 15901 Collins Avenue | 1 Closed Sales at $379 PSF | 92% SP/LP | 62 DOM
  • Trump Tower III – 15850 Collins Avenue | No Closed MLS Sales
  • Sayan- 16275 Collins Avenue | 2 Closed Sale at $328 PSF | (4% increase in PPSF since 3Q 2010) | 103% SP/LP | 341 DOM
  • Ocean Four – 17201 Collins Avenue | 12 Closed Sales at $385 PSF (5% increase in PPSF since 3Q 2010) | 92% SP/LP | 179 DOM
  • Ocean Three – 18911 Collins Avenue | 8 Closed Sales at $332 PSF (3% decrease in PPSF since 3Q 2010) | 93% SP/LP | 142 DOM
  • Ocean Two – 19111 Collins Avenue | 1 Closed Sales at $309 PSF (26% decrease in PPSF since 3Q 2010) | 92% SP/LP | 136 DOM
  • Ocean One – 19333 Collins Avenue | 6 Closed Sales at $302 PSF (6% decrease in PPSF since 3Q 2010) | 96% SP/LP | 134 DOM
  • Millennium – 18671 Collins Avenue | 2 Closed Sales at $399 PSF (14% decrease in PPSF since 3Q 2010) | 92% SP/LP | 90 DOM
  • Pinnacle – 17555 Collins Avenue | 4 Closed Sales at $425 PSF (22% increase in PPSF since 3Q 2010) | 92% SP/LP | 158 DOM
  • La Perla- 16699 Collins Avenue | 13 Closed Sales at $355 PSF (7% increase in PPSF since 3Q 2010) | 96% SP/LP | 195 DOM

Sunny Isles Beach Condo Index Summary

Sunny Isles Beach condo inventory is down hovering 852 total condos for sale while property values have increased (10% YTD) considerably as International & domestic buyers purchase these 2011 deals. The majority of oceanfront condo towers now have healthy inventory figures as shown above in blue with anything less 15% available for sale. Each building & property tells a different story and the bottom line is this Sunny Isles Beach condo market showing significant signs of improvement on oceanfront real estate. It’s an excellent time to buy Miami Beach real estate as long as you & the family will use it and enjoy it for at least the next few years.

Selling or Leasing Your Condo? Are you trying to sell or lease with no results, communication, market value updates, aggressive global marketing & overall progress in meeting the goal.. Call or email for a personalized market report and global marketing plan surely to gain proper exposure for your condominium. Let’s start today at 1.888.383.7326 or direct 1.305.978.7704.

Buyer’s ready for a great property? Call or email for the very best condo deals along Sunny Isles Beach, Bal Harbour, North Bay Village, Miami Beach & South Beach. The buyer advantage is still selection & leverage but we are consistently seeing multiple cash offers driving up values as we noted the 10% gain over a year ago today. The low-end residential condo market is accelerating with 60% of condo sales under $250k. As this year progresses and inventory continues to decrease, I believe prices will show in favor for continued improvement. If you’d like to receive local Miami Beach FL real estate news via these valuable blog posts, you can easily be notified by RSS feed (see upper right column) or by email each time a new real estate news post occurs. Visit JADE Condos Sunny Isles website & JADE Condo Blog relaying great information on JADE Beach & JADE Ocean along with Turnberry Ocean Colony Sunny Isles website & Ocean Colony Condo Blog for intimate luxury condo knowledge! The truth is in the numbers 1.888.383.7326 and I welcome your knowledge, opinions, comments & feedback.

Showing You the Very Best from Sunny Isles to South Beach!

JADE Beach & JADE Ocean

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Sunny Isles Beach Luxury Oceanfront Condo Market Index 3Q 2010

by on Jul.14, 2010, under Buyers of South Florida, Condos and Development, Investments, Luxury Residential Market, Seller's of South Florida, Sunny Isles Beach Condos

Edition #6 of the 2010 Sunny Isles Condo Index

I’ll be reviewing the latest  trends & comparing the luxury oceanfront market from the 3Q 2009 Sunny Isles Condo Index to today’s updated 3Q 2010 Sunny Isles Condo Index including premier oceanfront towers such as Turnberry Ocean Colony, Acqualina, JADE Ocean, JADE Beach, Trump Palace, Trump Royale, Ocean Four, Sayan, Trump Towers, Pinnacle & Millennium. I’ve excluded condo hotel properties from this research including the Trump International Beach Resort, Merenas Resort, Ocean Point and Sole.

Sunny Isles Beach Condo Index (3Q 2010)

As of July 14th, we are noting 1,089 total condos for sale in Sunny Isles Beach down 15% from the July 2009 Condo Index. So far in 2010, there have been 391 total closed sales (Figures are derived from the South Florida Regional Multiple Listing Service on July 14th, 2010) this year. In the last 90 days, 176 condos have sold averaging $256 per square foot with a 93% Sale to List Price Ratio and 164 days on market. In the same 90 day period of July 14th 2009, there had been 163 condos sold averaging $225 per square foot (Sold values up 12% YTD) with a 90% Sale to List Price Ratio and 168 days on market. What will be analyzed more specifically in this post are luxury oceanfront condo building statistics & new trends for the most desirable luxury towers along the coastline of Sunny Isles Beach.

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 | 9 of 247 or 4%| Ave List Price $2.581M | Ave PPSF $832
  • JADE Beach – 17001 Collins Avenue | 40 of 248 or 16%| Ave List Price $1.367M | Ave PPSF $636
  • JADE Ocean – (190 rec. deeds per County records) – 17121 Collins Avenue | 9 of 250 w/Developer units remaining | Ave List Price $1.935M | Ave PPSF $744
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 8 of 130 or 6%| Ave List Price $2.526M | Ave PPSF $812
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 17 of 130 or 13%| Ave List Price $2.3M | Ave PPSF $765
  • Trump Palace – 18101 Collins Avenue | 32 of 275 or 12%| Ave List Price $1.170M | Ave PPSF $595
  • Trump Royale – 18201 Collins Avenue | 20 of 384 or 5%| Ave list Price $1.018M | Ave PPSF $538
  • Trump Tower I- 16001 Collins Avenue | 23 of 271 or 8%| Ave List Price $1.217M | Ave PPSF $524
  • Trump Tower II – 15901 Collins Avenue | 7 of 271 w/Developer units remaining | Ave List Price $1.062M | Ave PPSF $459
  • Trump Tower III – 15850 Collins Avenue | Not Yet Released to Public
  • Sayan- 16275 Collins Avenue | 22 of 88 or 25%| Ave List Price $1.075M | Ave PPSF $538
  • Ocean Four – 17201 Collins Avenue | 45 of 281 or 16%| Ave List Price $922k | Ave PPSF $468
  • Ocean Three – 18911 Collins Avenue | 27 of 215 or 13%| Ave List Price $1.110M | Ave PPSF $449
  • Ocean Two – 19111 Collins Avenue | 20 of 254 or 8%| Ave List Price $1.071M | Ave PPSF $460
  • Ocean One – 19333 Collins Avenue | 8 of 241 or 3%| Ave List Price $862K | Ave PPSF $368
  • Millennium – 18671 Collins Avenue | 6 of 120 or 5%| Ave List Price $1.082M | Ave PPSF $498
  • Pinnacle – 17555 Collins Avenue | 28 of 244 or 11%| Ave List Price $984k | Ave PPSF $484
  • La Perla- 16699 Collins Avenue | 39 of 326 or 12%| Ave List Price $614k| 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 | 4 Closed Sales at $677 PSF (1% increase in PPSF since 3Q 2009) | 86% SP/LP | 426  DOM
  • JADE Beach- 17001 Collins Avenue | 5 Closed Sales at $427 PSF (14% increase in PPSF since 3Q 2009) | 86% SP/LP | 196 DOM
  • JADE Ocean- 17121 Collins Avenue | Released (TCO) June 2009 with No Closed MLS resales
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 5 Closed Sales at $679 PSF (23% decrease in PPSF since 3Q 2009) | 92% SP/LP | 291 DOM
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 3 Closed Sales at $648 PSF (23% increase in PPSF since 3Q 2009) | 95% SP/LP | 207  DOM
  • Trump Palace- 18101 Collins Avenue | 8 Closed Sales at $490 PSF (8% increase in PPSF since 3Q 2009)| 90% SP/LP | 118 DOM
  • Trump Royale – 18201 Collins Avenue | 6 Closed Sales at $496 PSF (9% increase in PPSF since 3Q 2009) | 91% SP/LP | 227 DOM
  • Trump Tower I- 16001 Collins Avenue | 4 Closed Sales at $399 PSF (3% increase in PPSF since 3Q 2009) | 86% SP/LP | 206 DOM
  • Trump Tower II – 15901 Collins Avenue | 3 Closed Sales at $385 PSF | 87% SP/LP | 174 DOM
  • Trump Tower III – 15850 Collins Avenue | No Closed MLS Sales
  • Sayan- 16275 Collins Avenue | 5 Closed Sale at $331 PSF | only 1 resale last year at $308 PSF | 92% SP/LP | 416 DOM
  • Ocean Four – 17201 Collins Avenue | 9 Closed Sales at $365 PSF (1% decrease in PPSF since 3Q 2009) | 100% SP/LP | 128 DOM
  • Ocean Three – 18911 Collins Avenue | 7 Closed Sales at $343 PSF (3% decrease in PPSF since 3Q 2009) | 91% SP/LP | 109 DOM
  • Ocean Two – 19111 Collins Avenue | 8 Closed Sales at $415 PSF (7% increase in PPSF since 3Q 2009) | 87% SP/LP | 128 DOM
  • Ocean One – 19333 Collins Avenue | 5 Closed Sales at $322 PSF (10% increase in PPSF since 3Q 2009) | 90% SP/LP | 193 DOM
  • Millennium – 18671 Collins Avenue | 3 Closed Sales at $464 PSF (28% increase in PPSF since 3Q 2009) | 95% SP/LP | 157 DOM
  • Pinnacle – 17555 Collins Avenue | 6 Closed Sales at $373 PSF (6% increase in PPSF since 3Q 2009) | 81% SP/LP | 540 DOM
  • La Perla- 16699 Collins Avenue | 13 Closed Sales at $331 PSF (6% decrease in PPSF since 3Q 2009) | 92% SP/LP | 102 DOM

Sunny Isles Beach SignageSunny Isles Beach Condo Index Summary

Sunny Isles Beach condo inventory is down hovering 1,000+ total condos for sale while property values have increased considerably as International & domestic buyers note the deals. The majority of oceanfront condo towers now have healthy inventory figures as shown above in blue with anything less 15% available for sale. Each building tells a different story and the bottom line is this Sunny Isles Beach condo market showing significant signs of improvement on oceanfront real estate. It’s time to buy Miami Beaches as long as you & the family will use it and enjoy it for at least the next 3+ years.

Selling or Leasing Your Condo? Are you trying to sell or lease with no results, communication, market value updates, aggressive marketing & overall progress.. Call or email for a personalized market report and global marketing plan surely to gain proper exposure for your condominium. Let’s get started today at 1.888.383.7326 or direct 1.305.978.7704.

Buyer’s ready for a great property? Call or email for the very best condo deals along Sunny Isles Beach, Bal Harbour, North Bay Village, Miami Beach & South Beach. The buyer advantage is still selection & leverage but we are consistently seeing multiple cash offers driving up values as we noted the 12% gain over a year ago today. The low-end residential condo market is accelerating with 60% of condo sales under $250k. As this year progresses and inventory continues to decrease, I believe prices will show in favor for continued improvement.

If you’d like to receive local Miami Beach FL real estate news via these valuable blog posts, you can easily be notified by RSS feed (see upper right column) or by email each time a new real estate news post occurs. Visit JADE Condos Sunny Isles website & JADE Condo Blog relaying great information on JADE Beach & JADE Ocean along with Turnberry Ocean Colony Sunny Isles website & Ocean Colony Condo Blog for intimate luxury condo knowledge! The truth is in the numbers 1.888.383.7326 and I welcome your knowledge, opinions, comments & feedback.

Showing You the Very Best from Sunny Isles to South Beach!

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Sunny Isles Beach Luxury Oceanfront Condo Market Index 1Q 2010

by on Jan.25, 2010, under Buyers of South Florida, Condos and Development, F.A.Q., Investments, Seller's of South Florida, Sunny Isles Beach Condos

Sunny Isles Beach Condo Index Edition #5 of the 2010 Sunny Isles Condo Index

I’ll be reviewing & comparing the luxury oceanfront market from the 1Q 2009 Sunny Isles Condo Index to today’s updated 1Q 2010 Sunny Isles Condo Index including premier oceanfront towers such as Turnberry Ocean Colony, Acqualina, JADE Beach, Trump Palace, Trump Royale, Ocean 4, Sayan, Ocean One, Two & Three, Pinnacle & Millennium and now including JADE Ocean. I’ve excluded condo hotel properties from this study including the Trump International Beach Resort, Le Meridian (now known as Merenas Resort), Ocean Point and Sole.

Sunny Isles Beach (1Q 2010) Condo Index…

As of January 25th, we are noting 1,055 total condos for sale in Sunny Isles Beach down 17% from July 2009 and 28% from this time last year. So far, there have been 27 total closed sales (ALL figures are derived from the Multiple Listing Service MLS on JAN 25th, 2010) this year. What will be analyzed in this post are statistics & trends for the most desirable luxury towers along the coast of Sunny Isles Beach.

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 | 17 of 247 or 7%| Ave List Price $2.186M | Ave PPSF $775
  • JADE Beach (99% Closed as per County records) - 17001 Collins Avenue | 41 of 248 or 17%| Ave List Price $1.439M | Ave PPSF $642
  • JADE Ocean- (80 rec. deeds per County records) – 17121 Collins Avenue | 4 of 250 or 2% | Ave List Price $2.107M | Ave PPSF $765
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 12 of 130 or 9%| Ave List Price $2.598M | Ave PPSF $799
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 17 of 130 or 13%| Ave List Price $2.274M | Ave PPSF $747
  • Trump Palace – 18101 Collins Avenue | 29 of 275 or 11%| Ave List Price $1.329M | Ave PPSF $629
  • Trump Royale – 18201 Collins Avenue | 19 of 384 or 5%| Ave list Price $1.124M | Ave PPSF $565
  • Trump Tower I- 16001 Collins Avenue | 29 of 271 or 11%| Ave List Price $1.135M | Ave PPSF $487
  • Trump Tower II – 15901 Collins Avenue | 9 of 271 w/Developer units remaining | Ave List Price $927k | Ave PPSF $433
  • Trump Tower III – 15850 Collins Avenue | No MLS records
  • Sayan- 16275 Collins Avenue | 22 of 88 or 25%| Ave List Price $1.211M | Ave PPSF $572
  • Ocean Four – 17201 Collins Avenue | 40 of 281 or 14%| Ave List Price $997k | Ave PPSF $508
  • Ocean Three – 18911 Collins Avenue | 28 of 215 or 13%| Ave List Price $1.142M | Ave PPSF $459
  • Ocean Two – 19111 Collins Avenue | 19 of 254 or 7%| Ave List Price $1.096M | Ave PPSF $479
  • Ocean One – 19333 Collins Avenue | 8 of 241 or 3%| Ave List Price $728K | Ave PPSF $330
  • Millennium – 18671 Collins Avenue | 6 of 120 or 5%| Ave List Price $1.015M | Ave PPSF $446
  • Pinnacle – 17555 Collins Avenue | 45 of 244 or 18%| Ave List Price $960k | Ave PPSF $494
  • La Perla- 16699 Collins Avenue | 39 of 326 or 12%| Ave List Price $654k| Ave PPSF $430

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 | 4 Closed Sales at $673 PSF (7% increase in PPSF since 1Q 2009) | 88% SP/LP | 247  DOM
  • JADE Beach- 17001 Collins Avenue | 2 Closed Sales at $427 PSF | 89% SP/LP | 89 DOM
  • JADE Ocean- 17121 Collins Avenue | Released (TCO) June 2009 with No Closed MLS resales
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 8 Closed Sales at $679 PSF (22% increase in PPSF since 1Q 2009) | 86% SP/LP | 143 DOM
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 7 Closed Sales at $499 PSF (26% decrease in PPSF since 1Q 2009) | 90% SP/LP | 195  DOM
  • Trump Palace- 18101 Collins Avenue | 3 Closed Sales at $450 PSF (19% decrease in PPSF since 1Q 2009)| 86% SP/LP | 162 DOM
  • Trump Royale – 18201 Collins Avenue | 3 Closed Sales at $451 PSF | 95% SP/LP | 111 DOM
  • Trump Tower I- 16001 Collins Avenue | 2 Closed Sales at $386 PSF | 78% SP/LP | 493 DOM
  • Trump Tower II – 15901 Collins Avenue | No Closed MLS Sales
  • Trump Tower III – 15850 Collins Avenue | No Closed MLS Sales
  • Sayan- 16275 Collins Avenue | 0 Closed Sale at $N/A | only 1 resale last year at $308 PSF | 86% SP/LP | 84 DOM
  • Ocean Four – 17201 Collins Avenue | 15 Closed Sales at $367 PSF (5% decrease in PPSF since 1Q 2009) | 94% SP/LP | 228 DOM
  • Ocean Three – 18911 Collins Avenue | 2 Closed Sales at $353 PSF | 94% SP/LP | 316 DOM
  • Ocean Two – 19111 Collins Avenue | 7 Closed Sales at $384 PSF | 91% SP/LP | 175 DOM
  • Ocean One – 19333 Collins Avenue | 3 Closed Sales at $291 PSF | 86% SP/LP | 288 DOM
  • Millennium – 18671 Collins Avenue | 3 Closed Sales at $336 PSF | 81% SP/LP | 101 DOM
  • Pinnacle – 17555 Collins Avenue | 6 Closed Sales at $351 PSF | 97% SP/LP | 234 DOM
  • La Perla- 16699 Collins Avenue | 15 Closed Sales at $354 PSF (2% decrease in PPSF since 1Q 2009) | 91% SP/LP | 127 DOM

Sunny Isles Beach Condo Index Summary

Sunny Isles Beach inventory is decreasing month over month while property values have also dropped considerably causing more sales to occur. The majority of oceanfront towers now have healthy inventory figures as shown above with anything less 15%. Each building tells a different story and the bottom line is you cannot go wrong in 2010 with oceanfront real estate as long as you & the family will use it and enjoy it for at least the next 2 years.

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 today. 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 still selection & leverage but we are again seeing multiple cash offers driving up values again on the lower end residential market. As inventory decreases I believe prices will start to show favor for stabilization if it hasn’t already.. 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 great information on JADE Beach & JADE Ocean and the brand new TurnberryOceanColonySunnyIsles.com website & blog! The truth is in the numbers 1.888.383.7326 and I welcome your knowledge, comments & feedback here. South Beach to Sunny Isles Real Estate Sales & Marketing.

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2009 Trophy Sales from Sunny Isles to South Beach

by on Dec.20, 2009, under Buyers of South Florida, Condos and Development, Luxury Residential Market, Seller's of South Florida

2009 Trophy Property Sales from South Beach to Sunny Isles Beach.

Amazing to see 199 (733 for sale today) luxury condo sales over $1M for the YTD MLS (Multiple Listing Service) records covering the Miami Dade oceanfront communities of Sunny Isles Beach, Bal Harbour, Surfside, Miami Beach & South Beach. Over $4M there were 11 sales, $6M there were 6 and $8M there was 1 luxury condo sales in 2009.

South Beach Luxury Condo Sales

With 871 total YTD 2009 sales, South Beach had 93 closed sales over $1M. South Beach set the area records with high sales at Continuum (PH-1) selling at $9.9M, Il Villaggio (PH 6&7) selling at $7M and Murano at Portofino (3801) selling at $7.450M

Continuum PH-1 – LP$/SF=$2,027 SP$/SF=$1,342, DOM 562, Closed 05/15

Il Villaggio PH 6&7 – LP$/SF=$2,438 SP$/SF=$1,228, DOM 107, Closed 02/12

Murano at Portofino – LP$/SF=$2,508 SP$/SF=$1,557, DOM 714, Closed 01/21

Bal Harbour Luxury Condo Sales

One Bal Harbour had 16 sales alone over $1M with a record high for Bal Harbour real estate at $5.2M along with The Palace & Bellini right behind selling at $2.6M & $2.3M respectively.

One Bal Harbour 2008 – LP$/SF=$1,196 SP$/SF=$987, DOM 182, Closed 09/29

The Palace at Bal Harbour 15F – LP$/SF=$799 SP$/SF=$705, DOM 266, Closed 10/08

Bellini 1601 – LP$/SF=$654 SP$/SF=$602, DOM 75, Closed 02/13

Sunny Isles Beach Luxury Condo Sales

With 623 total YTD 2009 sales, Sunny Isles Beach had 49 closed sales over $1M and a record high sale over $4M which was Acqualina (PH4506) selling at $4.999M, Trump Palace selling at $2.875M and Turnberry Ocean Colony which sold at $2.1M.

Acqualina PH4506 – LP$/SF=$1,231 SP$/SF=$779, DOM 40, Closed 09/02

Trump Palace 1009 – LP$/SF=$862 SP$/SF=$710, DOM 106, Closed 07/10

Turnberry Ocean Colony 2604 – LP$/SF=$629 SP$/SF=$562, DOM 582, Closed 10/13

(continue reading…)

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Sunny Isles Beach Luxury Condo Sales & Deals of Q4

by on Oct.22, 2009, under Buyers of South Florida, Condos and Development, Investments, Luxury Residential Market, Sunny Isles Beach Condos

Sunny Isles Beach Oceanfront

Sunny Isles Beach Oceanfront

What’s happening in Sunny Isles Beach and where are these great deals? With 225 luxury condos priced over $1M, where would one begin? In looking at new construction from 2005 and on the inventory falls to 175 with ZERO bank owned and surprisingly only 5 short sales. I’m going to begin looking at the lowest possible price per square foot and start with $500 in which we see the inventory drop to TWENTY! In continuing to weed out the bad from the good, I’ll eliminate 3 at Oceanika Villas which hasn’t even broke ground yet leaving 17 top potentials.

Sunny Isles Beach Condo Deals Here

Price Bands of # of condos for sale in Sunny Isles Beach

>$250 – 366

$250 – $499k – 283

$500 – $749k – 167

$750 – $999k – 131

$1M -$1.999M – 176

$2M -$2.999M – 31

$3M -$3.999M – 11

$4M -$4.999M – 6

$5M -$5.999M – 2

Total – 1,173

What’s happening in the luxury tier of closed condo sales of Sunny Isles Real Estate? As of the last 90 days, 13 luxury oceanfront condos have sold in the price ranges of $1M to $4.999M. Interesting to note that only 1 of 13 closed above $2M showing where real buyers are prepared to go financially given the current market. Leading the pack was Acqualina with the record high sale and a staggering 37% discount off list price ($7.9M). Additional highlights show Turnberry Ocean Colony leading with the highest number of condos closed at 7. Ocean Four, Jade Beach, Trump Tower I, Trump Palace fall in line respectively. Average selling price per square foot is $499. Average days on market at 177 and the average Sale to List Price is at 89%.

Price Bands of # of condos SOLD (last 90 days) in Sunny Isles Beach

>$249 – 87

$250 – $499 – 26

$500 – $749k – 14

$750 – $999k – 11

$1M – $1.999M – 11

$2M – $2.999M – 1

$3M – $3.999M – 0

$4M – $4.999M – 1

$5M – $5.999M – 0

Total - 151

Sunny Isles Beach Condos For Sale vs. Sold

Sunny Isles Beach Condos For Sale vs. Sold

Sunny Isles Beach Months of Inventory

Sunny Isles Beach Months of Inventory

These graphs show the inventory trends and closed sales moving in the right direction for recovery. If these graph trends stay relative we could begin to see solid stabilization next year. The inventory still reflects a 25 month supply so there are great buying opportunities as seller’s still have strong competition and duration concerns when liquidity in selling is a must. Inventory has dropped from 41 months to 25 months, while closed sales have doubled over this time last year! In summary, still a good inventory selection with trends showing favor to “local” market improvement… we’re looking good Sunny Isles!~ Want more information on Sunny Isles Beach condos for sale or have insights & opinions, leave a comment below for the readers to see.

Your link to what’s new & happening along the Miami Dade County beaches 1.888.383.7326.
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Sunny Isles Beach Luxury Oceanfront Condo Market Index 3Q 2009

by on Jul.21, 2009, under Buyers of South Florida, Condos and Development, Investments, Seller's of South Florida, Sunny Isles Beach Condos

Sunny Isles Beach Skyline 2

Edition #4 of the 2009 Sunny Isles Beach Condo Index

I’ll be reviewing & comparing the luxury oceanfront market from the 1Q 2009 Sunny Isles Condo Index to today’s updated 3Q 2009 Sunny Isles Condo Index including premier oceanfront towers such as Turnberry Ocean Colony, Acqualina, JADE Beach, Trump Palace, Trump Royale, Ocean 4 and Sayan with a few older but desirable towers now added such as Ocean One, Two & Three, Pinnacle & Millennium. I’ve excluded condo hotel properties from this study including the Trump International Beach Resort, Le Meridian (M Resort), Ocean Point and Sole.

On to the Sunny Isles (3Q 2009) Condo Index…

As of today we are noting 1,276 total condos for sale in the city of Sunny Isles Beach. This year there have been 303 total closed sales (ALL figures are derived from the Multiple Listing Service MLS on July 20th, 2009). What will be analyzed in this post are statistics and trends for the most desirable luxury towers along the coast of Sunny Isles Beach.

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 | 35 of 247 or 14%| Ave List Price $2.473M | Ave PPSF $835
JADE Beach (87% Closed as per dev. rep.) - 17001 Collins Avenue | 32 of 248 or 13%| Ave List Price $1.402M | Ave PPSF $667
JADE Ocean- 17121 Collins Avenue | Released July (TCO) 2009 with 3 new MLS records | Ave List Price $2.065M | Ave PPSF $910
Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 21 of 130 or 16%| Ave List Price $2.270M | Ave PPSF $755
Turnberry Ocean Colony South Tower- 16047 Collins Avenue | 28 of 130 or 22%| Ave List Price $2.136M | Ave PPSF $695
Trump Palace- 18101 Collins Avenue | 48 of 275 or 17%| Ave List Price $1.231M | Ave PPSF $627
Trump Royale (45% Closed as per dev. rep.) – 18201 Collins Avenue | 16 of 275 or 6%| Ave list Price $998K | Ave PPSF $573
Trump Tower I- 16001 Collins Avenue | 37 of 271 or 14%| Ave List Price $1.164M | Ave PPSF $516
Trump Tower II – 15901 Collins Avenue | No MLS records
Trump Tower III – 15850 Collins Avenue | No MLS records
Sayan- 16275 Collins Avenue | 21 of 88 or 24%| Ave List Price $1.365M | Ave PPSF $462
Ocean Four – 17201 Collins Avenue | 58 of 281 or 21%| Ave List Price $1.050M | Ave PPSF $486
Ocean Three – 18911 Collins Avenue | 21 of 215 or 10%| Ave List Price $1.2M | Ave PPSF $472
Ocean Two – 19111 Collins Avenue | 20 of 254 or 8%| Ave List Price $1.079M | Ave PPSF $468
Ocean One – 19333 Collins Avenue | 14 of 241 or 6%| Ave List Price $917K | Ave PPSF $393
Millennium – 18671 Collins Avenue | 6 of 120 or 5%| Ave List Price $1.108M | Ave PPSF $501
Pinnacle – 17555 Collins Avenue | 43 of 244 or 18%| Ave List Price $1.151M | Ave PPSF $528
La Perla- 16699 Collins Avenue | 48 of 326 or 15%| Ave List Price $637k| Ave PPSF $422

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 | 4 Closed Sales at $744 PPSF (16% increase since 1Q 2009) | 92% SP/LP | 350  DOM
JADE Beach- 17001 Collins Avenue | No Closed MLS Sales | Developer Sales are happening in the mid to high $400′s PSF
JADE Ocean- 17121 Collins Avenue | Released (TCO) June 2009 with No Closed MLS Sales
Turnberry Ocean Colony North Tower- 16051 Collins Avenue | 3 Closed Sales at $549 PSF (4% increase since 1Q 2009) | 86% SP/LP | 402 DOM
Turnberry Ocean Colony South Tower- 16047 Collins Avenue | 3 Closed Sales at $517 PSF (23% decrease since 1Q 2009) | 81% SP/LP | 268  DOM
Trump Palace- 18101 Collins Avenue | 11 Closed Sales at $511 PSF (8% decrease since 1Q 2009)| 89% SP/LP | 137 DOM
Trump Royale – 18201 Collins Avenue | No Closed MLS Sales -Developer Defaults currently selling.
Trump Tower I- 16001 Collins Avenue | No Closed MLS Sales -Developer Defaults currently selling.
Trump Tower II – 15901 Collins Avenue | No Closed MLS Sales
Trump Tower III – 15850 Collins Avenue | No Closed MLS Sales
Sayan- 16275 Collins Avenue | 1 Closed Sale at $308 PSF (21% decrease since 1Q 2009) | 86% SP/LP | 84 DOM
Ocean Four – 17201 Collins Avenue | 1 Closed Sales at $305 PSF (21% decrease since 1Q 2009) | 97% SP/LP | 37 DOM
La Perla- 16699 Collins Avenue | 11Closed Sales at $348 PSF (3% decrease since 1Q 2009) | 93% SP/LP | 216 DOM
Ocean Three – 18911 Collins Avenue | 4 Closed Sales at $371 PSF | 87% SP/LP | 388 DOM
Ocean Two – 19111 Collins Avenue | 8 Closed Sales at $398 PSF | 89% SP/LP | 127 DOM
Ocean One – 19333 Collins Avenue | 3 Closed Sales at $375 PSF | 81% SP/LP | 158 DOM
Millennium – 18671 Collins Avenue | 2 Closed Sales at $394 PSF | 84% SP/LP | 466 DOM
Pinnacle – 17555 Collins Avenue | 5 Closed Sales at $391 PSF | 89% SP/LP | 414 DOM

Sunny Isles Condo Index Summary

Sunny Isles Beach Condo Inventory has gone down 13% since February with Acqualina leading the pack in “selling” price per square foot and a surprising 16% increase over February sales figures. Trump Palace still leads the rest as the best in healthy sales figures with 11 condos trading via MLS at an average of only 137 days on market to sell with La Perla right behind. Turnberry Ocean Colony South Tower took a dive in selling values down 23% since February with speculators selling low and moving on. Turnberry Ocean Colony is still one of the most desirable full service buildings with prices now beginning at $1M for a finished residence ($447 PSF). It’s interesting to note the older “established” buildings such as Ocean One, Two & Three having healthy inventory levels. The truth is in the numbers 1.888.383.7326 and I welcome your knowledge, comments & feedback here.
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Luxury Condo Sales of Sunny Isles Beach

by on May.20, 2009, under Buyers of South Florida, Condos and Development, Luxury Residential Market, Seller's of South Florida, Sunny Isles Beach Condos

Trump PalaceLuxury Condo Sales of Sunny Isles Beach (YTD 2009)

In review of what’s closed in the upper tier sales of Sunny Isles Beach luxury condos, we find 16 sales this year in Sunny Isles Beach over $900,000.  Closed Sale prices range from $925k (Ocean One) to the record sale of $1.980M. The luxury buildings relaying these sales include Acqualina, Turnberry Ocean Colony (both N & S), Trump Palace, Millennium, Ocean Two & Ocean One. Closed Sale Averages reflect a Selling Price Per Square Foot at $524, Average Days On Market at 307, Average List Price Per Square Foot at $605 and Average Sale to List Price Ratios at 86.46%. Interesting to note this time last year (5.20.08) there had been 47 closed sales for a 66% decrease in sales volume.

The record high sale goes to unit #2703 at Turnberry Ocean Colony (decorator ready) which was an exceptional price compared to the 2007 & 2008 values. At only $569SPSF the buyer bought right on the Martinique Model. Last year these units were selling from $2.1M to $2.6M, while in 2007 they were selling for $2.5M to $2.750M. Today there are 3 pending sales in Turnberry Ocean Colony. In 2007, the Martinique (03 line) was selling at $761PSF for a 25% depreciation over the last 2 years. Turnberry Ocean Colony is very traditional in design and has superior features such as the community restaurant, the enormous fitness center & Spa plus the limosine service and complimentary valet for your guests.

Second in line for Sunny Isles Beach high closed sales of 09 was found at Trump Palace PH#5507 and sold at an extraordinary price of $1.582,700 after 61 days on the market. This translates to $579PSF not including the unique rooftop terrace (915SF) with a spiral staircase. Trump Palace has 3 luxury sales so far this year ranging from $1.150-$1.2M ($531 PSF & $554 PSF on 06 line) to $1.583M (PH). This 06 line sold for an average price per square foot of $572 in 2008 and $630PSF in 2007 for a 2 year depreciation of 14% (specific to the 06 line with 2 sold in 2008 and 2 sold in 2007). Trump Palace offers the best value in my opinion with a gated entryway, 4 pools and full access to the resort amenities next door. Trump Palace also relays the healthiest turnover rate with fewest days on market in Sunny Isles Beach. The building is well established, friendly and financially stable.

Poolside at Acqualina Third & final review of highest sales this year were the 2 closed sales at Acqualina which sold at $1.450M ($714PSF on 03 line)  & $1.550M ($689PSF on 05 line). Last year these 03 line units were selling from $1.250M to $1.320M, while in 2007 these 03 line units were selling from $1.275M to $1.365M. The 05 line were selling in 2008 from $1.250M to $1.450M, while in 2007 the 05line units were selling from $1.360M to $1.5M. We see a surprising appreciation in Acqualina {based on the 2 highest closed sales} of 2009 reflecting a 9% increase over 2007 values. There are 3 condos currently pending sale today in Acqualina. High $600′s are a good reference point for future owners of Jade Ocean. True, the Jade Ocean development is uber-modern in design and superior in some aspects while Acqualina is very contemporary in design and has additional superior features including the resort amenities, restaurant and spa. However in an apples to oranges comparison, it’s still a fruit and both developments, including Turnberry Ocean Colony, offer superior residences dependant on personal preferences.

So where are the best buys today in Sunny Isles Beach?

Strictly based on new towers under $600PSF, we find oceanfront condos that I believe are the few positioned to sell as ‘NON’-Short Sales…Review Sunny Isles Beach Condos:  Luxury Oceanfront Condos Here

The truth is in the numbers, 1.888.383.7326. Let me know of any future posts you’d like to see here.

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Sunny Isles Beach Luxury Condo Investment Analysis May09

by on May.04, 2009, under Buyers of South Florida, Seller's of South Florida, Sunny Isles Beach Condos

Trump Palace Sunny IslesIn review of the top condo deals in Sunny Isles Beach today, here are the selected buys..

  • Trump Palace ~ 18101 COLLINS AV # 1403
  • Paid $310k in 03/2006
  • On Market Since 11/2008 Orig. $750k
  • Taxes (2008) $7,357 (Homestead)
  • Maintenance $939 (x12) $11,268
  • Rental Income $3000 (x12) $36,000
  • Rental Service Fee $3000
  • TOTAL = $21,625 (costs) – $36,000 = $14,375 (2% ROI)
  • 18101 Collins Ave # 4208
  • Paid $1.040M on 3/2008
  • On Market Since 04/2009 Orig. $1.299M
  • Taxes (2008) $19,985.89
  • Maint $1,426 (x12) $17,112
  • Rental Income $4250 (x12) $51,000
  • Rental Service Fee $4250
  • TOTAL = $41,347.89 (costs) – $51,000 = $9,652 (1% ROI)
  • 18101 Collins Avenue #PH5202
  • Paid $850k in 08/2006
  • On Market Since 08/2008 Orig. $1.3M
  • Taxes (2008) $16,372
  • Maint $1,020 (x12) $12,240
  • Rental Income $3,250 (x12) $39,000
  • Rental Service Fee $3,250
  • TOTAL = $31,862 (costs) – $39,000 = $7,138 (1% ROI)
  • 18101 Collins Avenue #1406
  • Paid $650k on 12/2006
  • On Market Since 08/2008 Orig. $650k
  • Taxes (2008) $8,596
  • Maint $881 (x12) $10,572
  • Rental Income $2,250 (x12) $27,000
  • Rental Service Fee $2,250
  • TOTAL = $21,418 (costs) – $27,000 = $5,582 (1% ROI)
  • Turnberry Ocean Colony ~ 16051 Collins Avenue #2602
  • Paid $984,400 on 06/2006
  • On Market Since 3/2009 Orig. $1.395M
  • Taxes (2008) $20,130
  • Maint $2,500 (x12) $30,000
  • Rental Income $5,500 (x12) $66,000
  • Rental Service Fee $5,500
  • TOTAL = $55,630 (costs) – $66,000 = $10,370 (1% ROI)
  • Discrepancies, Questions, Inquiries? Call..  1.888.383.7326 or Ashton@MiamiDreamRealty.com

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    Sunny Isles Beach Luxury Oceanfront Condo Market Index 1Q 2009

    by on Feb.24, 2009, under Buyers of South Florida, Community Information, Condos and Development, Seller's of South Florida, Sunny Isles Beach Condos

    Sunny Isles Beach skyline

    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.

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    Paramount Beach Sunny Isles Condo Site is Now Facing Foreclosure

    by on Jan.06, 2009, under Buyers of South Florida, Community Information, Condos and Development, Sunny Isles Beach Condos

    Paramount Beach

    Paramount Beach

    In the last 6 years, We’ve watched the great majority of new modern towers being completed along Sunny Isles Beach with a few of my favorites including JADE Beach & JADE Ocean Condos, Trump Towers I, II, III, Sayan, Turnberry Ocean Colony, Trump Royale, Trump Palace and the Trump Int’l Beach Resort, and with so many great buildings, only a few along the ocean that have gone belly up. The first being the Da Vinci parcel sale & cancellation and now the unexpected news of Paramount Beach (Not to be confused with Paramount BAY). iStar FM Loans filed a foreclosure lawsuit against the developer a few days before Christmas.

    Reported in the South Florida Business Journal on January 2nd, 2009the Paramount Beach condos beachfront site has a foreclosure filing in Miami Dade County Circuit Court against Boca Raton based Sunny Isles Development Co., a corporation owned by the executives of Royal Palm Homes plus several other investors, which owns the site.

    Sunny Isles Development bought the site for $25 million in 2003 and took out a $32.2 million mortgage with Fremont Investment and Loan, which later assigned much of its portfolio to iStar.

    Daniel Kodsi, CEO of Royal Palm and a partner in the ownership of the Paramount Beach site, said the developer purposefully stopped paying interest on the iStar loan because the lender was being inflexible in offering a renewal. Even after getting an offer for a construction loan, the developers canceled the Paramount Beach project in 2006 because there was too much building in the market, Kodsi said.

    My opinions: They were smart to cease the Paramount Beach project from being erected. They were set to go up just south of the new luxury developments JADE Beach & JADE Ocean Condos (tough competition) but with pre construction pricing starting too late in the game for a sell out. I remember the hype only starting at the very end of the real estate frenzy. They were smart enough to see what was happening along the Miami oceanfront real estate market and decided to hold this premier land parcel.  If the Bal Harbour land parcel is “supposedly” worth $225 Million and closes anywhere within a fraction of the asking price, then this Sunny Isles Beach land will be well worth the long term hold.

    South Beach to Sunny Isles Real Estate Consultant, Micro Economist. If you’re thinking of placing your luxury condo residence 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 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 oceanfront condos here.

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    Sunny Isles Beach Condo Index 4Q 2008

    by on Nov.30, 2008, under Buyers of South Florida, Condos and Development, Luxury Residential Market, Seller's of South Florida, Sunny Isles Beach Condos

    Sunny Isles Beach Pier

    Sunny Isles Beach Pier

    Edition #2 of the 2008 Sunny Isles Beach Condo Index. We will be comparing the luxury oceanfront market from the 1st Quarter Sunny Isles Condo Indexto today’s updated 4Q 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, and a few select others. For various reasons, I’ve left out 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.  Sunny Isles Beach

    This year has been exceptionally good for my business with record luxury sales, an invitation to the Million Dollar Guild (CLHMS) and what I believe to be a slow turn around in our “local” market. WHY? Well Miami Dade seems to have set the National trend of a downward real estate market back in 4Q 2005. We are now in the 3rd year of a depreciating market seeing approximately 35 to 40% depreciated real estate values. Inventory has decreased month over month from 2008 (although insignificant numbers). We also expect to set the National trend for a real estate turn around! In the next blog posting I’ll be elaborating a bit more on this potential turn around including the Sunny Isles Beach, Bal Harbour, Miami Beach, North Bay Village real estate and South Beach FL real estate “Micro” Markets which the Media Drive By’s fail to separate each entity from Miami as a whole. From a Miami Beach micro economists view point, we must 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… it’s dependant on the Sunny Isles Local Market Conditions and this is what I am relaying herein the Miami Beach Real Estate Blog Posts so check back often.

    On to the Sunny Isles 4Q 2008 Condo Index… As of today we are noting 1560 total condos for sale in Sunny Isles Beach. This year, there have been 481total closed sales (ALL figures are derived from the Multiple Listing Service MLS on November 30th). What we will be analyzing 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 on the MLS.

    • Acqualina- 17875 Collins Avenue | 27 of 247 or 11% | Ave List Price $2.954 | Ave PPSF $847
    • JADE Beach- 17001 Collins Avenue | 22 of 248 or 9% | Ave List Price $1.489 | Ave PPSF $696
    • JADE Ocean- 17121 Collins Avenue | Released 1Q 2009 with No MLS records
    • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 25 of 130 or 19% | Ave List Price $2.341 | Ave PPSF $785
    • Turnberry Ocean Colony South Tower- 16047 Collins Avenue | 34 of 130 or 26% | Ave List Price $2.261 | Ave PPSF $770
    • Trump Palace- 18101 Collins Avenue | 42 of 275 or 15% | Ave List Price $1.244 | Ave PPSF $683
    • Trump Royale (Just Released) – 18201 Collins Avenue | 2 of 275 or 1% | Ave list Price $854K | Ave PPSF $466
    • Trump Tower I- 16001 Collins Avenue | 34 of 271 or 13% | Ave List Price $1.230 | Ave PPSF $543
    • Trump Tower II – 15901 Collins Avenue | 15 of 271 or 6% | Ave List Price $1.215 | Ave PPSF $568
    • Trump Tower III – 15850 Collins Avenue | Released 1Q 2009 with No MLS records
    • Sayan- 16275 Collins Avenue | 25 of 88 or 28% | Ave List Price $1.210 | Ave PPSF $520
    • Ocean Four – 17201 Collins Avenue | 75 of 281 or 27% | Ave List Price $1.068 | Ave PPSF $518
    • La Perla- 16699 Collins Avenue | 56 of 326 or 17% | Ave List Price $661K | Ave PPSF $435

    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 | 8 Closed Sales at $602 PPSF (10% decrease since 1Q) | 92% SP/LP | 314 DOM
    • JADE Beach – 17001 Collins Avenue | Just Released this month with No Closed Sales
    • JADE Ocean- 17121 Collins Avenue | Released 1Q 2009 with No Closed MLS Sales
    • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 6 Closed Sales at $637 PSF (9% decrease since 1Q) | 83% SP/LP | 274 DOM
    • Turnberry Ocean Colony South Tower- 16047 Collins Avenue | 4 Closed Sales at $784 PSF (20% INCREASE since 1Q) | 103% SP/LP | 147 DOM
    • Trump Palace- 18101 Collins Avenue | 13 Closed Sales at $537 PSF (1% INCREASE)| 90% SP/LP | 116 DOM
    • Trump Royale – 18201 Collins Avenue | Just Released this month with No Closed Sales
    • Trump Tower I- 16001 Collins Avenue | 2 Closed Sales at $419 PSF | 96.5% SP/LP | 155 DOM
    • Trump Tower II – 15901 Collins Avenue | Just Released with No Closed MLS Sales
    • Trump Tower III – 15850 Collins Avenue | Released 1Q 2009 with No Closed MLS Sales
    • Sayan- 16275 Collins Avenue | 1 Closed Sale at $388 PSF (10% decrease since 1Q) | 77% SP/LP | 220 DOM
    • Ocean Four – 17201 Collins Avenue | 6 Closed Sales at $442 PSF (8% decrease since 1Q) | 91% SP/LP | 232 DOM
    • La Perla- 16699 Collins Avenue | 14 Closed Sales at $403 PSF (2% decrease since 1Q) | 94.9% SP/LP | 190 DOM

    Executive Summary- 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 a unhealthy inventory levels in Sayan (28%), Ocean 4 (27%) and surprisingly in the South Tower of Turnberry Ocean Colony (26%). On the flipside, Trump Tower I looks somewhat healthy at only 13% inventory available for sale. In contrast to 1Q Sunny Isles Condo Index, we see Turnberry Ocean Colony and Trump Palace increasing in selling price per square foot (Could there have been mortgage fraud at Turnberry Ocean Colony with a recent sale at 130% of list price?). These number’s are skewed… Taking these luxury oceanfront towers into account, we see an average asking price per square foot at $621 with a  selling price per square foot for Sunny Isles Beach real estate at $526.50psf for a $94.50psf difference from the asking price. Average Days On Market is at 206 DOM or 6.87 months to sell compared to 177 DOM or 5.9 months to sell for an increase of 1 month additional selling time.

    • Overall, it appears we are averaging 2.57% depreciation for the year.
    • 85% Sale to List Price Ratios
    • Days On Market DOM has increased from 177 to 206 Days to Sell (14% more marketing time)

    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.

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    South Beach & Sunny Isles Beach Condo Pricing Band Sales Analysis

    by 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

    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…

    SOUTH BEACH REAL ESTATE

    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 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.

    SUNNY ISLES BEACH REAL ESTATE

    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.

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    Premier Condos of Bal Harbour & Sunny Isles Beach; Recent Sales Stats & Deals

    by on Oct.10, 2008, under Bal Harbour Condos, Buyers of South Florida, Condos and Development, Luxury Residential Market, Seller's of South Florida, Sunny Isles Beach Condos

    Bal Harbour Atlantic & Inlet

    Bal Harbour Atlantic & Inlet

    Well finally a new blog post. I’ve noticed where even the elite bloggers of Miami are slowing down a bit on frequency including the ever so consistent colleague Lucas Lechuga of MiamiCondoInvestments. Could be due to sales and increased business in the last few months which is my excuse and I am blessed to be extremely busy with sales & rentals along Miami Beaches. With this blog posting I wanted to look at the superior oceanfront towers and see what has been selling in the last 90 days and what is likely to sell in the next month or so. If you look at the absolute best of the beaches from Bal Harbour North to Sunny Isles real estate, there is only a handful of premier oceanfront residences based on personal preferences and taste. For those seeking a modern development, One Bal Harbour residences has much to offer with superior Inlet & Atlantic views. We see a total of 8 sales in the last 90 days (MLS results only) ranging from $1.550M (2229 SqFt) to $3M (5262 SqFt). The buildings average days on the market is 197 based on all 8 sales with an average selling price per square foot at $746 and an average asking price per square foot at $955. Today there are 37 One Bal Harbour condos for sale ranging from $599k (515 SqFt) to $6.5M (5262 SqFt) and there is 23% of available inventory. IMPORTANT NOTE: Regent One Bal Harbour operates the hotel suites (18 floors) from the western side while the private residences on the Eastern One Bal Harbour tower (26 floors) are separate from the hotel entryway and pool yet with full access to all amenities including the SPA. There is a private entry and ocean side pool for the residents.

    Turnberry Ocean Colony

    Turnberry Ocean Colony

    Moving further North into Sunny Isles Beach we see a superior development consisting of 2 towers known as Turnberry Ocean Colony and consisting of a traditional design with a connecting private restaurant, fitness center, SPA and cocktail lounge. There are 130 private residential units at 37 floors high. There have been 6 closed sales at Turnberry Ocean Colony over the last 90 days ranging from $1.975M (2772 SqFt) to $2.625M (3735 SqFt) and there is 22% of available inventory. The buildings average days on the market is at 279 based on all 6 sales with and average selling price per square foot at $739 and an average asking price per square foot at $783. Active available residences range in price from $1.375M (2235 SqFt) to $4.8M (3735 SqFt). Just 10 blocks north of Turnberry Ocean Colony Condos is the new Jade Beach & Jade Ocean Towers which is a blog post in its own. Simply AMAZING! The architect has created an ultra modern cutting edge design and enabling smart features such as a computer controls built into the residences which handle all aspects from lighting to child care, dry cleaning & valet. Closing have begun and the appraisers are having success on some and difficulties on the other appraisals. I am looking for sellers interested in selling as this condo is a career goal to work towards. Acqualina Sunny Isles Beach is a comparable property that need not be left out…More to Come! Here’s the video:

    Acqualina – Watch more Videos at Vodpod.
    JADE Beach Condos

    JADE Beach Condos

    Average selling prices at Jade Beach Condos range from $750 to $800 while Jade Ocean supposedly ranges around $1000 to $1100 per square foot and is SOLD OUT as per developer with only a small count of defaults. I am certain that Jade Condos are here to set local area records and there are 3 story penthouses that must be worth $11M+ (I am guessing here). I’m seeing the smallest units appraising above sales prices while the larger units are coming up a couple hundred thousand short ie.) $2M appraisal with a $2.2M sales price..hmmm. Based on outside comparables these larger Jade Beach condo units are under priced for the product being delivered.

    Well let’s continue moving north up Sunny Isles Beach and to some I may be stretching it here yet I am overly optimistic on Trump Palace and the soon to be released Trump Royale. Why?… well the number one distinction is the gated entryway suitable for the Russian Mafia to feel protected. It’s one of the most secure buildings around and you must be on “the list” just to make it to the elegant lobby. The second reason I like the Trump Palace and Trump Royale is the proximity to the new A Rated school (K through 8th) and solid retail outlets across the street. The third reason is privacy yet access to the Resort Amenities next door at The Trump International Beach Resort.

    Trump Palace

    Trump Palace

    The prices at Trump Palace & Trump Royale today are excellent and we see 7 closed sales in the last 90 days ranging from $680,000 (1348 SqFt) to $1.240M (2143 SqFt). The buildings average days on the market is at 105 based on the 6 closed sales with an average selling price per square foot at $539 and an average asking price per square foot at $672. Active available units at Trump Palacerange from $515k (1197 SqFt) to $3.9M (4200 SqFt) and there is 16% of available inventory.

    Best Deals at One Bal Harbour

    Best Deals at Turnberry Ocean Colony

    Best Deals at JADE Beach

    Best Deals at Trump Palace

    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 weekend and call any time toll free 1.888.383.7326 or view new condos here.

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    An Amazing Flight Over Sunny Isles Beach, FL Real Estate

    by on Jun.27, 2008, under Buyers of South Florida, Luxury Residential Market, Sunny Isles Beach Condos

    An Amazing Flight Over Sunny Isles Beach, FL Real Estate – Watch more Videos at Vodpod.

    What a beautiful City of Sunny Isles Beach, FL. Our Sunny Isles real estate flight begins with the new Trump Towers I, II & III onto the prestigious Turnberry Ocean Colony Towers South and North (16047 & 16051 Collins) lookout for Sayan which looks so small in comparison yet has the most majestic interior waterfall… Is it Oceania Towers I, II & III next? I should know but they have been less desirable. The new tower La Perla (16699 Collins) is found right at the Newport Beach Pier of which the City is supposed to pour money into revitalizing the famous fishing spot. This small tower Sands Pointe, found just south of the MAJESTIC JADE Towers (Jade Ocean & Jade Beach). Let me pause this story by mentioning how incredible Jade Ocean & Jade Beach will be! I’m very excited to finally see and promote the superior project due 4th quarter this year.

    Okay back to our trip Ocean Four (17201 Collins) is next new high rise and moves very quickly through Trump Grande BeachfrontFlorida Ocean Club, Sole on the Ocean (17315 Collins) and Ocean Point as the camera changes positions. Now were skipping a few parcels of vacant land (eventually Da Vinci) into the beautiful architecture of Pinnacle (17555 Collins) into the exceptional Acqualina Resort and Residences (17875 Collins).

    Continuing our journey North, I find it funny how small Trump Grande Int’l Beach Resort (18001 Collins) looks in comparison to Trump Palace (18101 Collins) and the new Trump Royale (due for completion this year at 18225 Collins). Let me tell you Trump Grande development DID do a great job with these 3 projects and with the new K-8th grade School across the street, I’m certain it will assist future resale values (+ Publix supermarket and more). An excellent building from 1999, The Millennium (18671 Collins) is next on the flight followed by Le Merdian aka. M Resort (18683 Collins) then Ocean Three (18911 Collins), Ocean Two (19111 Collins), with Marco Polo Beach Resort aka. Aventura Beach Club in between, then Ocean One (19333 Collins) and finally ending our flight through the celebrity community of Golden Beach where oceanfront land begins at $8M. Oh btw, if you haven’t subscribed to this blog yet, do it now! If you’d like new blog updates once available, you can be notified by email or by RSS feed (see upper left column) every time a new posting occurs. 1.888.38.DREAM

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    Cramer: Florida Raises Hope for U.S. Real Estate

    by on Jun.20, 2008, under Buyers of South Florida, Seller's of South Florida

    Real Estate FL Cramer

    Jim Cramer Says Florida Raises Hope for U.S. Real Estate – Watch more Videos at Vodpod.

    Number of Homes For Sale vs. Sold vs. Pended
    Price Range: $300,000 – $1,499,999
    SQFT Range: 0 – No Limit
    All Res. Proptypes – Waterfront Only

    Trendgraphics Report Waterfront 33160

    3 years Florida (Miami Beach real estate) has been in the bust. Times are changing as we see 33160 waterfront inventory lowering over the last year! The summer months should be very good for sales. There is an increasing demand and the best deals are getting multiple cash offers. ie) 4 offers on Trump Palace 4806 / 2 offers on Trump Beach Resort 1102. Short Sales and Bank Owned are in great demand but not as common along the beaches as investors would have thought. Oh btw, if you haven’t subscribed to this blog yet, do it now! If you’d like new blog updates once available, you can be notified by email or by RSS feed (see upper left column) every time a new posting occurs. 1.888.38.DREAM

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    Sunny Isles Beach Condo Index 1Q 2008

    by on May.03, 2008, under Buyers of South Florida, Luxury Residential Market, Miscellaneous, Seller's of South Florida, Sunny Isles Beach Condos

    A Miami Sunset in April

    In keeping up with the latest blog postings for Miami Dade County, I came across Lucas Lechuga’s excellent blog posting on ‘Brickell Condo Index’ and in reviewing his comments, realize we really do need this for the oceanfront communities of Miami Dade. So here is the first Sunny Isles Beach Condo Index showing stats and trends for the most desirable luxury towers along the ocean. This data was collected from the Multiple Listing Service (Live MLS Here) on May 3rd, 2008.

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

    (continue reading…)

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    Sunny Isles Beach New K-8 School to Open this Year at 183 Atlantic Boulevard!

    by on Feb.12, 2008, under Community Information

    Sunny Isles New School K-8th Hurray for the new school opening in Sunny Isles Beach this year! Conveniently opening across from Trump Palace and Trump Royale, the school will encompass grades Kindergarten through 8th grade. Standing 4 stories tall, this will be home to about 1,600 ambitious children and the first public school in Sunny Isles. The City’s Commission Chambers were opened to the excited public with a record number turnout as crowds had to watch from a television outside.

    ”It’s the biggest turnout that I remember our city having since, I think, the day the city incorporated,” said Mayor Norman Edelcup.

    Parents and children asked the most important questions like “Will we have recess?” and “Do we have to go to School?” Answered as a firm Yes,was the new schools new principal Annette Weissman. Formerly the principal at Ojus Elementary spending 8 years there and received an A rating from the state every year during that time. ”My plan is to have Sunny Isles Beach Community School be an A school the first year out,” she said, adding that the school will focus on math, science and technology.

    Registration will open in two months so parents get ready! Students from the established school zone will be able to transfer automatically as Highland Oaks, Bay Harbor schools and Ojus qualify. The school also will take in students from Sunny Isles Beach, Golden Beach and North Miami Beach’s Eastern Shores subdivision. Those outside the area can seek a transfer through their current schools, but a spot is not guaranteed. The school will stop taking transfers when it reaches 100 percent capacity. Classroom sizes will be capped at 18 students in grades Kindergarten through 3rd grades and 20 students in grades 4th through 8th as mandated by law. Required for your child’s registration is proof of address and immunizations along with the student’s last report card. The school will offer the encompassing curriculum required at all county public schools, including Spanish classes, art and music, a gifted program and many after school opportunities through a joint use agreement with the city’s community center, which has a gymnasium and a baseball field for your children.

    “Everything will be functioning by the time the school opens, including a cafeteria, library, media center and a bevy of interactive smart boards,”said project manager Dennis Caserta. ”You will be shocked and surprised by all the extras and the size of the rooms,”said Vice Mayor Lewis Thaler, who took a tour of the building.

    The students will be separated by ages Kindergarten through 1st on the first floor, grades 2 through 3 on the second, 4th through 5th on the third and 6ththrough 8th on the fourth floor. A free pre K program will start in August as well and run from 8:30 to 11:30 a.m. Monday through Friday. For an extra fee, kids can stay until 2:30 p.m. The school will initially open as a Kindergarten through 6th. In the fall of 2009, 7th grade will be added. Eighth grade will come the year after. Parents, who eagerly have been awaiting the school for years as the city evolved from a retirement community to a family based environment, clapped approvingly during the meeting and were optimistic about the school’s possibilities. Feel free to add any additional comments you may have regarding this new school in Sunny Isles Beach! Please Call the School Directly at CONTACT NUMBER IS (305) 792-1807

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