The information resource for Luxury Oceanfront Condominiums and Homes in Miami, Sunny Isles, Bal Harbour, Fort Lauderdale, Boca Raton and Palm Beach. (954) 632 3266

Hauteliving.com wrote a great piece on Canyon Ranch.

Nicely written article with photos depicting the amenities and ambiance of this unique property.

The article touches on the history of Canyon Ranch and its world wide recognition as a premier destination for health and wellness.  It recognizes the uniqueness of Canyon Ranch starting with the environment that is spread out on over 6 1/2 acres.  The zen like atmosphere is created by the architecture and minimal tropical landscaping.

The article is a well written piece that summarizes why Canyon Ranch has become so popular, focusing on the amenities which address living a healthy lifestyle on many levels.

There are buying opportunities in the resale market as well as new construction. Click here for New Condo Sales and Condo Resales For further information contact 305-741-3336

We receive calls from all over the world inquiring about the South Florida Oceanfront Condo Market. These calls come from people with perspectives on the economic conditions of the market and projections on what they believe.  Their information is coming from what they read in newspapers and on-line.  All types of opinions are formulated in this challenging market.  Statistics, and facts tell the real story.

Interesting facts….

The following charts, show actual closed sales for oceanfront condos within the last 60 day and recently sold condos pending closing. This data has been extracted from the MLS and may not include developer condo sales on new units.

In the over $5 million category there were 4 closed sales.  The penthouse at One Bal Harbour sold for $8,700.000($1643 sq.ft)  . It was magnificently finished out and offered turnkey.  It was listed for $12,000,000.  That is a 28% reduction, that can be viewed as being sold by a “motivated seller”. PH2108 had an interesting lineage.  In 2008 it was offered for sale  for $6,300,000. At that time it was unfinished (decorator ready) and closed at $4,950,000. ($940 sq.ft.). One Bal Harbour sits on one of the most unique locations along the coast with views of continual waterway activity on Haulover Inlet.

Other oceanfront condo sales reported over $5 million were at the Setai, Fontainbleu, and Ocean Tower on Key Biscayne.

In the over $1 million dollar range there were 70 closed sales,  4 sales at the Continuum in South Beach 4 sales at Turnberry Ocean Colony and 2 sales at Ocean Palms in Hollywood Beach.  The other sales were scattered along the coast in various condos.

Over $500,000 range, 150 closed sales were reported. Numerous sales were reported at the Beach Club in Hallandale Beach, Coconut Grove in Fort Lauderdale, Caribbean in Miami Beach

In the pending close category there a few notable transactions. 3 penthouse units sold, 2 on Key Biscayne and one spectacular unit at the Jade Beach in Sunny Isles. Turnberry Ocean Colony had the most pending sales in the over $2 million range.

There are 195 pending sales in the price range over $500,000.  What I have noticed consistently is that in all the buildings that we carefully monitor there is a growing list of pending sales. Oceanfront Condo sales activity is increasing.  When I analyze the data clearly the best buildings with great amenities in desirable locations are attracting buyers.  Great buying opportunities are everywhere across all price ranges…even in the ultra luxury market.

One Bal Harbour

Diplomat Residences Hollywood Beach

Canyon Ranch Miami Beach condo sales have been extremely active over the last few months as individuals and investors snap up great deals in the Carillon Condo-Hotel Tower and the South Tower. Well over 35 units have sold in the last 6 months.  My continual research on luxury oceanfront condo buildings reveal a growing list in each building along the coast of units gone to contract and closed sales. Canyon Ranch is leading the way.

As I have written on several occasions, some of the best deals in today’s South Florida oceanfront condo market are deals offered by motivated seller’s.  Well here is a great deal….In the Carillon Hotel Tower, there are two units on the market in the best line owned by the same owner. Units C506 and Units C1006.  These units are one bedroom suites that have spectacular direct ocean views, fully furnished, with balconies off the living and bedroom. This line is completely sold out and these are the only two units available.   Owner’s of condo hotel units have the option to put their unit in the condo hotel program. Because these particular hotel rooms are so desirable the hotel books these units to hotel guests pretty consistently.

The price for unit C506 has just been reduced to $499,000 and unit C1006 is listed for $609,000.  Comparable units on other floors have sold for as high as $750,000.  This is a great opportunity for an investor interested in buying both units as a package deal or separately!

There are plenty of investors in the market today looking to invest in South Florida oceanfront real estate. I hear over and over from my clientele “ South Florida oceanfront real estate is a great long term investment, that I can enjoy as well.”

Canyon Ranch Miami Beach offer services and amenities unlike any other condominium along the coast including a full service luxury hotel, restaurant, spa and gym.  It has become a very popular destination for visitors from around the world that want to enjoy a healthy retreat in one of the most colorful cities in the world.  The property sits on over 6 1/2 acres providing a serene relaxing environment, while minutes away from South Beach, Bal Harbour and other great South Florida destination.

Contact us if you would like more information on this great opportunity. (954) 632 3266.  susan@blogsouthflorida.com

One of my favorite shows on TV these days is Selling New York on HGTV.  As a former New Yorker and luxury real estate professional in Florida, it is fascinating to see the current luxury New York real estate market.  In a recent episode, the New York Broker, Michelle Kleier had a client interested in a luxury property in Boca Raton. One Thousand Ocean in Boca Raton was highlighted in the episode.

The Broker from New York, mentions several times, that she believes that Florida Real Estate is a great buy now.

One Thousand Ocean consists of only 52 exclusive oceanfront condominiums and 7 stories with prices starting at $3 million. This property is brand new construction.   One Thousand Ocean is adjacent to the world renown Boca Raton Resort and Beach Club and is situated on a magnificent peninsula with breathtaking views.  There are oceanfront villas, residences and penthouse units available.

Every residence offers ocean and/or Lake Terrace views, with a private plunge pool and outdoor kitchen for entertaining.  The interiors have floor to ceiling windows, 10 foot ceilings, or 20 foot ceilings in the villas. The kitchens and baths are appointed with state of the art finishings.

For more information on One Thousand Ocean in Boca Raton, contact me Susan Reiter 954-632-3266 susan@blogsouthflorida.com.

“Selling New York” from HGTV the episode featuring South Florida:

Here is a brief tour of One Thousand Ocean, that I put together.

I have been involved in Canyon Ranch Miami Beach since its pre-construction days.  The changes and evolution over time have been quite amazing.  Before the hotel officially opened, the 6 1/2 acre property was a construction site that I became very accustomed to seeing.  Then overnight all the hotel furniture was delivered and the property became fully staffed the next day.  The official opening was not publicized greatly at that time but the change for us to see was very dramatic.  That official opening was not during peak winter months.  The progression of sales, rentals and hotel activity from opening day until now has been slow but consistent, reaching a very busy peak this past winter.

The property itself is like no other.  Just the physical footprint stretching over 6 acres provides an open, never crowded feeling.  The amenities are absolutely unmatched.  Exercise classes offered throughout the day, but not just your typical yoga and aerobics.  Classes such as Beach Conditioning,  Boxing Circuits, H2O Power Hour and Vinyasa Yoga are to name just a few of the daily choices. Beyond classes, there are lectures on nutrition, beauty and other topics addressing the mind, body and spirit. And of course, the incredible restaurant with healthy gourmet food.

And then there is the real estate.  Three towers, South Tower (including the Beach House) , Carillon Hotel Tower, and the North Tower.  The South Tower is just about sold out, and there have been numerous resales. The Carillon Hotel Tower consists of condo- hotel units and condos on the upper floors. The developer has slashed prices on condo hotel units and sales have been very brisk, with some investors buying multiple units at a time. The Condo Hotel Units can offer a continual revenue stream for the owners, yet access to use the unit as desired.  We have two units for sale that are one off the corner with direct ocean views and two balconies.  Unit C 506 and Unit C1006. These condo-hotel units are highly requested by hotel guests because of the amazing views and balconies. We also have one of the very few 2 bedroom suites available at a very aggressive price.  Unit C1018 is being offered for $539,000.

The more expensive North Tower is slowly being sold.

Sales activity has been steady and quite active.  Since December 1, 2009 there has been a total of 24 reported sales at Canyon Ranch between the Center and South Tower.  There may be lag from the time the sale closes to the time it is reported so this listing is as reported up until May 13th. There was one reported closed sale in the North Tower for $1,710,000. The developer has sold numerous units in the past 2 weeks that are not yet reflected in this list.

There is a very strong demand for South Tower direct ocean condo units that are priced well.  There is flow through floor plan, offering east and west views, 2 bedroom 2 baths with approximately 1500 Sq.Ft.  This floor plan is sought after by end users as well for a rental property that averages $5,000 monthly for rental income in season.   Unit 1105 (Our LIsting) is the only unit priced under $1million with this floor plan.  It is offered at $895,000 and is a finished out unit. There has been a tenant in the unit and we have not been able to show this property, but the tenant is leaving shortly and this will sell quickly.

The Beach House, which extends towards the ocean in front of the South Tower offers a variety of floor plans, but has a select number of oversized direct ocean units with spectacular views.   The developer units are just about all sold.

One of the best most desirable spaces available in the Beach House of the South Tower.  Unit S304. (Our Listing) It offers incredible direct ocean views with a corner wrap around balcony. The views and feeling of this unit are as if you are in your own private Beach House directly on the ocean.  2165 sq.ft. under air. This unit has just been reduced to $1,699,000.  This is an incredible property.  Over 2100 sq.ft., 3 bedrooms 3 and 1/2 baths  direct ocean views, in one of the most sought after luxury buildings in Miami Beach offered at $785 per sq.ft.

There are great buying opportunities for condo-hotel units in the center tower starting at about $300,000 for one bedroom completely finished suites.  The demand for hotel rooms and rentals of condos has been extremely strong this past winter.  As word of mouth and news coverage spread, people from all over the world have been attracted to Canyon Ranch Miami Beach because of the outstanding amenities and incredible property. We personally, do quite a lot of business at Canyon Ranch with our own listings as well as other properties available.  There is a one bedroom condo unit on the 11thfloor (our listing) 920 sq.ft., offered for $359,000.

Here is a link to all of our listings at Canyon Ranch.  On the right side of the page, click on Featured Listings. Here is a listing of all the Canyon Ranch units for sale

Canyon Ranch is a wonderful relaxing escape in Miami Beach and popularity continues to increase.  I anticipate that in the coming months sales activity will continue to increase.

Prices at the Beach Club have moved up in the last 6 months, slightly.  Beach Club, Hallandale, overall, still remains to be the best deal along the beach for someone that is looking for a relatively new building, at least two bedrooms and a direct oceanfront building.  Direct Oceanfront units that are quite spacious over 1800 sq.ft. with 2 bedrooms and a den can be bought for under $400 per square foot.    Compared to newer building in Sunny Isles, Miami Beach or Fort Lauderdale Beach this is quite a buy.

Hollywood/Hallandale Beach area is a short drive away from The Village of Gulfstream Park, a fantastic new addition to the area. The Village of Gulfstream park offers, shopping, restaurants, nightclubs and more.  It is beautifully done a great place to spend some time.  Jimmy Buffet’s Margaritaville Resort is expected to be constructed on the Hollywood Broadwalk in the near future as well.

Beach Club Tower One continues to update and improve.  Tower One just completed the new residents lounge.  It is actually the second lounge area in Tower One exclusively for residents. Beach Club Tower One is the only Tower of the three that offers  their own private gym and owner’s own storage space.  I was showing property yesterday, and noticed how well maintained all the common areas are.

Many of my posts over the years have covered the great buying opportunities that are presented when a developer is moving inventory at attractive prices.  In my post from April 17th, Caribbean Miami Beach was identified as a great buying opportunity.   The original developer struggled to sell the units at the original $1100 per square foot price,  The Caribbean was bought out by Melohn Properties. The new owners priced the units at an average of $600 per square foot.  The condos have sold and there are only 15 units left. The history of The Caribbean Miami Beach was mentioned in an article in the New York Times on April 20th.

The market changes over the last few years have been quite remarkable.  The buying opportunities are out there and when they are right…they are selling !

Buyers from all around the world contact Blogsouthflorida when they are interested in South Florida Oceanfront Condos. We at Blogsouthflorida have put together a collection of introductory video tours on the most sought after luxury oceanfront condos in Miami Beach, Fort Lauderdale and Boca Raton. In the coming weeks, we are going to rollout the video for each of the oceanfront condo buildings along the coast..

Below is an introductory video to the Beach Club in Hallandale Beach.

The following links will provide you with active listings information for each Tower:

Beach Club Tower One Condos For Sale

Beach Club Tower Two Condos For Sale

Beach Club Tower Three Condos For Sale

Many buyers are looking for great condo buying opportunities that are direct ocean with a minimum of 2 bedrooms and 1800 sq.ft.

Here are some of the great opportunities:

Mei Miami Beach-58th and Collins

Southeast corner unit 1002- 1805 square feet 3 bedrooms 3 and 1/2 baths. Finished Unit. Asking Price $1,299,000.  $719 per square foot.

The Developer has one unit left unit 602.  It is an unfinished unit and can probably be bought for around $1,100,000.  In my opinion, when you are facing the ocean, it is not necessary to be on a high floor.  In fact, my preference is a lower floor for ocean facing units.

Caribbean-Miami Beach- 37th and Collins

Caribbean is in a great location.  As I have written before, developer units are priced very well.  Good pricing resulted in numerous sales  and a great deal of the inventory has sold.  There aren’t any southeast units left in the south tower, one of the most sought after units.  There is a northeast corner direct oceanfront unit still available. 1748 sq.ft. $1,031,000, $590 per square foot.

Trump Towers- Sunny Isles

There is a good amount of Trump inventory in Sunny Isles and it is selling at new low prices.  As these sales continue to be brisk, fast forward a year or two, retrospectively people will be talking about the deals in 2010.  D Model, 2550 sq.ft. for $1,025,000.  That is per square foot.

Fort Lauderdale

Aquazul- 1600 S. Ocean, Fort Lauderdale.

There is an 11th floor unit finished out magnificently and featured in numerous decorator magazines. 2572 sq.ft. 3 bedrooms 4 and 1/2 baths with direct ocean and west views.  Asking price $1,350,000 $524 per square foot.

There was a great deal of sales activity this season.  In researching real estate data for this blog post,  I came across  certain exceptional units that sold this winter.  For example at Ocean Palms. There is a spectacular unit on 31st floor that recently went to pending. It was over 2300 square feet with breath taking direct east and west views. It was a finished unit asking price $899,000. $391 per square foot.

Hollywood Beach, home to luxury oceanfront condos, such as Villas of Positano, Trump Hollywood, Ocean Palms and the Diplomat Residences, will have a new addition to the neighborhood.  Local officials approved the Jimmy Buffet themed $100 million project proposed to sit on a six acre tract at A1A and Johnson Street.   The Margaritaville developers have 90 days to propose the right mix of entertainment, restaurants and financing.

Hollywood Beach is home to the popular “Broadwalk” a 2 mile pedestrian promenade.  The new proposed resort will be the first large scale addition to this landmark.

Hollywood and Hallandale Beach offers some of the lowest priced per square foot oceanfront condo opportunities along the coast of South East Florida.