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

Construction is progressing on schedule as the Penthouse floor has just been completed at One Thousand Ocean in Boca Raton.  It is expected that work will begin on the interiors as well as the exterior facade in the upcoming week.

One Thousand Ocean is built on the most coveted inlet in Boca Raton on South Ocean Boulevard.  It is situated across the bay from the Boca Resort & Beach Club which in January will join the Waldorf-Astoria Collection.  The Beach Club is undergoing a $120 million renovation which will offer a completely renovated facility including the three oceanfront pools, guest residences, oceanfront dining, children’s play area and stuning oceanfront bar.

The Boca Raton Resort is truly an all inclusive destination offering all the amenities you could think of.  Residents at One Thousand Ocean will be a stones throw away from it all.  The Boca Resort & Beach Club has recently added some great dining options including The Old Homestead, Morimoto, Lucca and one of my old New York favorites Serendipity for frozen hot chocolates.    

This is one of the truly unique ultra luxury properties available in South Florida. There will be only 52 one and two story Residences.   Residences start at 2,835 square feet.  The Beach Penthouse is 5837 square feet with an outdoor living area of 3,665 square feet.

 

 

 

 

The St. Regis Resort and Residences Bal Harbour is under construction and you can see the towers rise.  It will eventually be 27 stories high on nine acres of lushly landscaped gardens and 1,000 feet of white sand beaches.

Each tower will have its own private lobby entrances, security, valet, and covered parking, as well as access to all anticipatory services provided by the St. Regis Hotel.   The St. Regis Resort and Residences, Bal Harbour will feature 268 Residence, 36 condominium-hotel suites, 183 hotel roms, 24 fractional ownership Residences in three all-glass towers.

Exclusive to St. Regis Hotels and Resorts, Remède Spa offers a comprehensive menu of customized and results oriented facial, massage and body treatments.  To create the decadent spa experience that is unmistakably Remède, the luxurious treatments are combined with signature touches, including; chilled champagne, Jacques Torres truffles, and Kashwére throws.

St Regis Bal Harbour available units range from 2 bedroom 2 and one half baths to 3 bedrooms media room and 3 and 1/2 baths.  Square footage ranges from 1,777 square feet to over 3,884 square feet, and prices range from $1,944,900 to $7,126,900.   Per square footage prices range from $1094 per square foot to over $1835 per square foot.

It is exciting to see the construction underway and we look forward to watching its progress in the coming months.

As, reported by the Wall Street Journal, a growing number of rich Russians are house-shopping and buying in costly U.S. enclaves. The WSJ states, the “Miami area in particular is drawing Russians with its upscale shopping, hip nightlife and an escape from Moscow’s harsh winters.”

Donald Trump;s $100 million mansion in Palm Beach was recently purchased by fertilizer mogul Dmitry Rybolovlev.

South Florida attracts second, third and fourth home buyers from around the world.  Visitors to blogsouthflorida.com come from every country imaginable.

In the last 6 months there were 10 reported closed sales in the ultra luxury condo market, over $5 million. The most expensive reported sale was at Fisher Island. A 5 bedroom 8900 square foot trophy property sold for $12,360,000. The asking price was $15,500,000. That is a 21% price reduction! As we have written before, there are buying opportunities in this market in all price ranges.

In the ultra luxury market, prices are well over $1000 a square foot and can easily step into the $2000 per square foot range.

There are a few ultra luxury oceanfront condos in pre-construction stages that are also selling in this market. The St. Regis in Bal Harbour, for example, offers a magnificent direct oceanfront 3 bedroom plus media room totaling 3,884 square feet. The St. Regis Bal Harbour Residences, offers the unique Bal Harbour location, all the outstanding amenities and services the St. Regis has to offer, and direct magnificent South Florida Oceanfront views. Asking prices offered for these premier units run around $1,800 square foot. Developers are also somewhat negotiable as well. The St. Regis Bal Harour will be a total of 268 Residences and 36 condominium hotel suites, as well as 183 hotel rooms. The condo-hotel units are sold out. The St. Regis Bal Harbour Information.

..

The Ritz Carlton Residences in South Beach, another luxury property offers several floor plans ranging from under 1000 square feet to over 2000 square feet. The penthouse recently sold for $17 million. This is a much smaller project with only 86 private residences. Prices are well over $1000 a square foot. At the Ritz Carlton Residences buyers will enjoy the unprecedented services the Ritz Carlton is known for worldwide as well as the direct ocean South Beach location. Ritz Carlton South Beach Information.

There are other ultra luxury pre-construction projects underway in Miami and South Florida and they are selling to buyers from all over the world.

We receive a constant stream of phone calls from buyers from all over the world that are interested in purchasing oceanfront condos. There are buyers who are seizing the moment so to speak, and stepping in to take advantage of the great opportunities out there right now.

Are there opportunities? You bet there are and I have been in situations, where once we identified a great unit at a great price, other buyers were also putting offers in on the same units.

..

There are varying degrees of motivation by sellers in all price ranges. There are some units in building less than 2 years old that the original developer still owns that now are very motivated to sell. There are units that are being sold by investors that are several hundred thousand dollars less than what they paid for it. Each situation is different but the opportunities are there. The units that are available under these circumstances include the most desirable oceanfront floor plans in premier buildings.

..

All I can say is that if there is a desire to own an oceanfront condo in South Florida, at this point in time, you can get the best of the best at deeply discounted prices. When the media says…”We are now at the bottom and the market is going to turn around”… the best units in the A rated luxury buildings will be long gone!!!

We visit so many truly beautiful oceanfront condos all along the coast. There are some very unique ultra luxury properties on the market. We were in a really unique penthouse unit today with breathtaking views. The lower penthouse on the 27th floor at the Diplomat Residences and it is available for purchase. It has over 5000 square feet under air and over 7300 square feet in total. The views are spectacular. The balconies are spacious and wide and there is even room to install a lap pool. The entire residence is controlled by an electronic Smart System. This is a sensational residence. Asking price…$3,999,999.

If this is a bit out of your budget, there are many other units being offered at prices comparable or lower than pre-construction prices. Here are the Diplomat Residences Units For Sale

..

..

..

..

..

..

As our readership knows, we specialize in luxury oceanfront condos in South Florida. In our opinion very few properties qualify for an ultra luxury classification. One Thousand Ocean in Boca Raton is a new oceanfront ultra luxury condo that has earned that distinction.

This seven story building is a mixture of 52 one and two story Residences with Beach Villa and Penthouse choices. Built on the most coveted inlet on South Ocean Boulevard, residences feature spectacular views of the ocean, the shoreline, and westerly city and lake views. One Thousand Ocean is under construction with occupancy expected spring 2009. According to the developer it is already 50% sold out. Prices for this ultra-luxury property begin at over $4 million.

The team behind One Thousand Ocean is LXR Luxury Resort, owned by an affiliate of the Blackstone Real Estate Advisors, Garcia Stromberg, RTKL, and EDSA .

The residences are all spacious starting at around 4000 square feet with 10 foot ceilings. Villas feature 20 foot double height spaces. Penthouse units exceed 12,000 square feet. All the units have floor to ceiling window and are finished out with tasteful color choices and the finest materials. Everything about this property has been given the utmost attention to detail.

The images below will provide you with a preview of One Thousand Ocean.

The residences are pre wired to accommodate the state of the art technology. Kitchens are finished with custom designed cabinetry and the finest appliances including Wolf 36 inch five burner gas stove.

Close up of stone and glass materials used in the kitchen.

Stone fireplaces are in the master Bedroom and main living area.

Master baths have stone vanity countertops with glass mosaic accents, frameless glass shower enclosures, Roman Therapy Whirlpool tubs and custom designed Italian Cabinetry.

His and her dressing rooms are custom designed with built ins and a free standing vanity dresser. A Sub-zero midnight snack refrigerator drawer is included.

Terraces are oversized and include a private plunge pool with massaging jets, and outdoor kitchen, and exposed wood ceilings.

One Thousand Ocean is a mere water taxi to the Boca Raton Resort and Club. The Boca Raton Resort and Club has outstanding first class amenities including two championship golf courses, 30 award-winning clay tennis courts, Spa Palazzo, 32-slip marina, Half-mile private beach, beach club, three state-of-the-art fitness centers, and an extensive schedule of social activities available for all ages. Boca Raton Resort has world-class restaurants including Old Homestead from New York. Gordon Ramsey is opening a restaurant as well as Serendipity, one of New Yorkers favorite dessert destinations.

One Thousand Ocean in Boca Raton is a most unique modern designed ultra luxury residence.

We communicate with people from all over the country and all over the world. I am aware of what the media says about South Florida real estate and it is for the most part true. However, certain luxury oceanfront condos are hot with multiple offers coming in. We were working with a buyer ready to put an offer in on a $2.3 million oceanfront condo. Within 24 hours the seller had THREE OFFERS!!! In another instance, our buyer was coming to the end of the recission period in a new building and the developer called me to say they had two buyers interested in that unit in case my client was not interested.

These stories are all true. Select luxury oceanfront condos of South Florida are hot and are selling! The negative media coverage does not apply to this unique market sector. Even I am amazed!!

It is really quite exciting to work with buyer’s on newly completed luxury oceanfront condos. As I have written before, there are incredible opportunities in this particular scenario. Closings are underway at Turnberry Ocean Colony in Sunny Isles and there are prime units to choose from.

Turnberry Ocean Colony, a private, gated community, is one of Miami Beach’s newest and most-luxurious oceanfront residences. Service and amenities offered here are amongst the finest you will find. At Turnberry Ocean Colony you can find large oceanfront condo’s with spectacular oceanviews with 4 or 5 bedrooms.

Here is some data that will provide you with an overview of activity:

• North Tower and South Tower have a combined total of 260 units
• In the past 6 months there have been 10 closed re-sales ranging from $1.1million-$2.43 million
• There are 3 pending contracts
• There are 58 listings on the market ranging from $1.369 million- $5 million
• 25 listings are offered for units over 3000 square feet with 4 bedrooms
• Views offered from residences are both direct ocean and westerly views
• Residences for the most part are decorator ready, however some units have been finished out

To View Listings at the Turnberry Ocean Colony North Tower Click Here

To View Listings at the Turnberry Ocean Colony South Tower Click Here

Even in the luxury condo market you can find motivated sellers and buying opportunities. If you need a large luxury oceanfront condo with the finest service and amenities now is a great time to look into Turnberry Ocean Colony.

Oceanview from balcony at Turnberry Ocean Colony

West View from a residence at Turnberry Ocean Colony

Turnberry Ocean Colony Bar

Turnberry Ocean Colony Pool

Canyon Ranch offers luxury oceanfront condos, a complete healthy lifestyle and right now incredible buying opportunities.

The South Tower has begun closings. The North Tower will begin closings in a couple of months and the hotel and incredible spa facilities will be completed this summer as well. This multi-use project is like non other. The lifestyle and amenities offer an immersion into healthy living on all levels. The options are so extensive but your level of participation will be total personal.

Buying into a luxury oceanfront condo in South Florida has tremendous appeal. Add in the complete lifestyle immersions available to you everyday and night and this project is truly something special. Now here comes the icing on the cake; there are buying opportunities right now. A few select units are being offered by the developer at 2003 price levels and they are selling fast.

The pictures in this post were taken from a corner flow through unit in the South Tower with direct ocean, intracoastal and downtown Miami views.

If you are thinking of buying a luxury oceanfront condo in Miami or South Florida….Canyon Ranch is something really special. RUN DON’T WALK!

Here are Canyon Ranch Condos For Sale These listings are not developer units but resales from previous purchasers. If you would like information on some particularly interesting opportunities…let us know.