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

What can you buy for $750,000 if you were looking for an oceanfront condominium  in Miami, Ft. Lauderdale or Palm Beach?  For $750,000 in South Florida,  there are direct oceanfront condos available.   We have selected three condominiums on the market being offered for around $750,000.   In Boca Raton there is an older established building.  In Ft. Lauderdale there is a brand new building with complete amenities and services and in Miami Beach,  you could get into the newly constructed sought after Canyon Ranch.

3000 South Ocean Blvd- Boca Raton

 Asking Price: $755,000

Price per Square Foot: $423

1782 sq.ft. under air

3 bedrooms 2 bathrooms

Direct Ocean and City Views

Located in Boca Raton this established building was built in 1970.  It is ideally located.  This building has very little turnover as many owners have owned for decades.  This particular unit has been completely renovated and has a desirable view.

Ocean Palms- Hollywood

Asking Price: $750,000

Price per Square Foot: $354

2115 sq.ft. under air

3 bedrooms 3 and one half bathrooms

Direct Ocean and City Views

This unit is being offered by a very motivated seller below buyer’s costs.  It is decorator ready.  The Ocean Palms is a brand new 40 story building.  There are 240 residences in total.  The amenities include pool and beach attendant, fitness center media room tennis and baskteball, billiard room, clubroom,  and full service valet and conceirge services. Currently there are 57 units on the market ranging from $749,000-$2.3 million.  There have been numerous resales in this building ranging from $580,000 to $1.500,000.

Canyon Ranch-Miami Beach

Asking Price: $750,000

Price per Square Foot: $685

1095 sq.ft. under air

2 bedrooms 2 bathrooms

Bay and Miami City Views

Canyon Ranch offers living a completely healthy lifestyle beyond ownership of a magnificent oceanfront condo.  There are resales available in the 21 story The South Tower just completed.  This unit is priced competively.

What can you buy for $ 1 million if you were looking for an oceanfront condominium  in Miami, Ft. Lauderdale or Palm Beach?  For $1 Million in South Florida, you would have many options for purchasing a spacious oceanfront condo.  To give you an idea of what is available in three very different locations. we have selected three condominiums on the market being offered for around $1 million.  We have selected one in the Addison in Boca Raton, one in the Diplomat in Hollywood, and one in the Akoya in Miami Beach.  Here are the details for each:

The Addison- Boca Raton

 Asking Price: $1,090,000

Price per Square Foot: $505

2156 sq.ft. under air, 2300 sq.ft. with balconies

2 bedrooms 2 bathrooms

Direct Oceanviews

Located in Boca Raton, this bulding was built in 1986.  It has a total of 16 floors and 85 units in this building.  Most of Boca Raton’s oceanfront property is well established and there is very little new oceanfront construction. This particular unit could use some updating. Amenities include gated security, doorman, valet served parking, concierge, pool staff, beach staff and owners breakfast and lunch cafe.  This a full service building with 5 star amenities.

The Diplomat-Hollywood Beach

Asking Price: $999,999

Price per square foot: $441

2267 sq.ft. under air, 2589 sq.ft. with balconies

2 bedrooms 2 and one half bathrooms

Ocean and intracoastal views

The Diplomat Hollywood Beach is a brand new boutique building.  It has a total of 28 floors and 135 residences.  This unit is finished with 24×24 marble flooring and designer carpeting.  Living at the Diplomat affords you 5 star amenities in this full service building adjacent to the Diplomat Hotel.  Purchasing here also comes with a 5 year membership to the Diplomat Gold ane Country Club.

The Akoya- Miami Beach

Asking Price: $1,025,000

Price per square foot: $582

1761 sq.ft. under air, 2000 sq.ft. with balconies

3 bedrooms 2 and one half bathrooms

Direct Oceanviews

The Akoya was built in 2005, has 48 floors and a total of 386 residences. It is the tallest building on Miami Beach. This unit has direct ocean views with a wrap around balcony. Finished with marble floors and crown molding.  This building offers, tennis, raquetball, fitness center with sauna and steam, and full concierge and valet services.

Today we are adding a new category that will be regularly updated.  It will be called “What Can  You Buy?” We will highlight different oceanfront properties in different locations priced the same.  It will be interesting for you to see what your money can buy! 

It’s December 21st.  It’s freezing and cold and snowing in many parts of the world.   Today I was assisting a client at their new residence at The Beach Club in Hallandale.  As I walked around the pool, I could tell that the people basking in the sun were just in heaven enjoying this magnificent weather.  

 It’s easy to take this fantastic climate for granted when you live in it everyday.  But today I stopped to take a moment to recognize how fantastic it is to live here.

This picture was taken from the pool deck at The Beach Club today December 21, 2007.

Who said condo prices are coming down in South Florida?  Not when there is only one three story penthouse in all of South Florida.  It is at the Las Olas River House.  With over 8000 square feet under air the asking price is $10 million.  It has been completely finished out with incredible detail and style.   

This is the second highest priced condo in Broward county.  The most expensive is a 10,000 sq.ft. penthouse being offered at $17 million at the St.Regis Ft. Lauderdale, which we wrote about back in August.  Click here to read about the St. Regis.

Continuum II pictured below.

In South Florida, the word “pre-construction” can be a taboo word. But not in the high end luxury market. As previously blogged, the high end luxury market is alive and kicking. There are several luxury and ultra luxury projects underway in South Florida and we are told sales are brisk.

We are often contacted by Canadians, Europeans and Northerners inquiring about specific luxury oceanfront pre-construction projects. Each project has its own unique characteristics that afford it a luxury status. To help our out-of towners- we are offering a concise look at 5 of the most sought after projects.

Canyon Ranch: Healthy Living is is more than diet and exercise. The visionary concept is known as “healthy living”. There is an extensive offering of education, nutritional, exercise and relaxation options integrated into your everyday life.

Ritz Carlton: Uncompromising service that distinguishes the Ritz-Carlton hotels has been adapted to their Private and Fractionally owned Residences. Only 86 private residences available in a magnificently designed structure.

St.Regis: Located in exclusive Bal Harbour, the St.Regis offers a 5 star resort hotel and condominium. The signature St. Regis Butlers will offer white-glove service. Of course the finest shopping must be easily accessable…across the street from the Bal Harbour shoppes.

Cipriani: Following in the world renowned Cipriani’s tradition, the 66 unique residences will be finished with the finest imported Italian marble and finishings. All residents will be catered to by the Cipriani hallmark of service and discretion.

Continiuum II: Location, location, location. The Continuum II is situated south of fifth street adjacent to one of the most desirable buildings in South Beach, The Continuum South Tower. Directly on the sand, the facilities and location continue to be favored by a very international crowd.

The Continuum II and Canyon Ranch are nearing completion and are expecting occupancy to begin in January 2008. The other projects mentioned have a way to go.

Below is a chart that provides information on building size, price range, apartment size and expected completion. If you would like to see floor plans or need additional information, let us know.

The woes of the housing market in South Florida and across the country does not seem to apply to the high end oceanfront condo market. As referenced in my blog of November 5th, and as reported by The New York Times, although growth may not be as strong, activity and sales are remaining consistent and in Broward new highs were reached for per square foot costs.

Let’s define high end luxury oceanfront condo market as priced above $2 million. The number of actual sales in 2007 is pretty close to 2006 numbers for both Dade and Broward counties.

In Broward county in 2007 there were 3 reported sales over $1000 per square foot. 2 of those sales were in the St. Regis and one was in the Diplomat.

Broward County (Ft.Lauderdale and Other Cities) Currently 100 Active Listings

2007:

• 13 Closed Sales of Oceanfront Condo’s Priced Over $2 million
• Average $ per sq. ft.:$946
• Highest Reported Sale: St. Regis: Asking Price $5.5 million- Sold for $3.95 million: $1285 sq.ft.

2006

• 11 Closed Sales of Oceanfront Condo’s Priced Over $2 million
• Average $ per sq. ft.: $641
• Highest Reported Sale: Asking Price: $4.250 million -Sold for $4.2 million

Dade County (Miami and Other Cities) Currently 338 Active Listings

2007:

• 86 Closed Sales of Oceanfront Condo’s Priced Over $2 million
• Highest Reported Sale: 1500 Ocean Club: Asking Price $18.5 million- Sold for $12 million

2006

• 87 Closed Sales of Oceanfront Condo’s Priced Over $2 million
• Highest Reported Sale: Asking Price: $8.950 million -Sold for $8.5 million: $1246 sq.ft.

In summary, the high end oceanfront condo market is alive and kicking.

Pre construction is an entirely different story. Watch for information to come on how the high end preconstruction market is doing.

As detailed in the the December issue of Forbes Life magazine, ” Show Off”  properties will continue to experience strong sales.  International buyers are expected and are actually unaffected by the current housing conditions.  Those buyers with rubles, pounds or euros to spend are spending it in Miami on luxury oceanfront condos.  They take their time making up their minds but when they do they usually pay cash.

The three properties mentioned in the Forbes article are:

 CHI- a condo tower planned in Sunny Isles, north of South Beach. 

• Show Off Factor: Each of the 38 Full Floor 4700 square foot apartments will include its own private mineral-water pool
• Price $5.2 million-$7 million

Regalia- Unobstructed, roundhouse views and a liquid wavelike facade.  A tower of 40 full floor condos breaking ground in Sunny Isles.

• Show Off Factor- an undulating 2100 square foot terrace wrapping around each unit.
• Price: $7million to $14 million

The Cipriani Club Residences- 65 condos next door to a planned Cipriani hotel in South Beach-aims to house the Bellini crowd when they jet through Miami.

• Show Off Factor: The 10,600 square foot penthouse will be offered at $33 million.
• Price: $1.5 million to $33 million