The economy and housing situation has been very well documented in all forms of the media. However, Many people see this as a time of opportunity, especially in the luxury oceanfront condo market.
In the luxury oceanfront condo market in a first class building, there have been some incredible opportunities. We recently worked with a buyer at the Diplomat in Hollywood and were able to negotiate an oceanfront condo at an incredible price. This was a high floor direct ocean views. Regardless of what the market does over the next few months, this was a great deal.
There are some very shrewd buyers out there taking advantage of spectacular opportunities.
At this point in time, I wanted to take a look at pending contracts in south Florida in Miami, Bal Harbour, Sunny Isles, Hollywood, Hallandale, and Fort Lauderdale. There are 55 luxury oceanfront condos listed above $1million under contract. There are buyer’s out there seizing the moment…….
Here is a list of oceanfront condo’s over $1million under contract as of today, July 30, 2008:
| Luxury Oceanfront Condo | Asking Price | |
| W SOUTH BEACH | 9,000,000 | |
| COCONUT GROVE RESID | 6,200,000 | |
| ONE BAL HARBOUR | 5,995,000 | |
| ONE BAL HARBOUR | 5,995,000 | |
| Palazzo Del Mare | 4,950,000 | |
| Continuum on South Beach | 4,750,000 | |
| COCONUT GROVE RESID | 3,800,000 | |
| Continuum on South Beach | 2,950,000 | |
| TURNBERRY OCEAN COLONY | 2,850,000 | |
| ONE BAL HARBOUR | 2,699,000 | |
| continuum | 2,598,336 | |
| ONE BAL HARBOUR | 2,475,000 | |
| Villas of Positano | 2,395,000 | |
| The Bath Club | 2,375,000 | |
| W SOUTH BEACH | 2,099,900 | |
| VILLAS OF POSITANO | 1,999,999 | |
| ACQUALINA | 1,980,000 | |
| Solimar | 1,950,000 | |
| AZURE CONDOMINIUM | 1,900,000 | |
| MOSAIC ON MIAMI BEACH | 1,799,999 | |
| OCEAN FOUR | 1,799,000 | |
| ACQUALINA | 1,775,000 | |
| TRUMP PALACE | 1,750,000 | |
| ONE BAL HARBOUR-FINISHED | 1,750,000 | |
| Aquazul | 1,650,000 | |
| Canyon Ranch Living | 1,595,000 | |
| OCEAN TWO | 1,575,000 | |
| OCEAN FOUR | 1,559,000 | |
| COCONUT GROVE RESID | 1,500,000 | |
| ocean place | 1,495,000 | |
| OCEAN FOUR CONDO | 1,495,000 | |
| TURNBERRY OCEAN COLONY | 1,495,000 | |
| IL VILLAGGIO | 1,455,000 | |
| OCEAN TWO | 1,450,000 | |
| ACQUALINA marmol | 1,440,000 | |
| TRUMP PALACE | 1,425,000 | |
| Murano | 1,399,000 | |
| Las Olas River House | 1,395,000 | |
| SAYAN | 1,349,000 | |
| ONE BAL HARBOUR | 1,299,000 | |
| CANYON RANCH LIVING | 1,299,000 | |
| OCEAN III THREE | 1,290,000 | |
| DIPLOMAT OCEAN RESID | 1,289,000 | |
| REGENT ONE BAL HARBOUR | 1,250,000 | |
| POINT OF AMERICAS | 1,195,000 | |
| Ocean Palms | 1,149,900 | |
| CASA DEL MAR | 1,149,000 | |
| OCEANIA III CONDO | 1,100,000 | |
| Trump Palace | 1,100,000 | |
| BALMORAL CONDO | 1,100,000 | |
| Diplomat Residences | 1,099,000 | |
| BEACH CLUB I | 1,099,000 | |
| KEY COLONY II | 1,095,000 | |
| GREEN DIAMOND | 1,050,000 | |
| PINNACLE | 1,049,000 | |
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