Beach Club Two Oceanfront Condo With Spectacular Views at the Right Price

November 20, 2012 By

As we have written over the years, when a buyer is looking for spectacular direct ocean views, spacious condominium in a newer building, the best value on a dollar per square foot basis is the Beach Club in Hallandale Beach.

We have  for sale the most sought after floor plan.  Unit 1701 at in Tower Two at the Beach Club.  It is over 2000 square feet 3 bedroom 3 baths.  The footprint of Tower Two is closest to the ocean and this unit is a corner unit with a wrap around balcony.  It is the type of floor plan that when you walk through the doors you say “WOW”.  The entire apartment is floor to ceiling windows.  You feel as if you are on a cruise ship.   The living area is an open floor plan and the bedrooms are spaciously appointed with ample closet space.  The balcony is over 600 square feet and wraps around the corner offering intracoastal as well as oceanfront views.  You can comfortable have several seating areas arranged on this large balcony.  The 17th floor is a desirable mid level floor, not too high up.

It is being offered for$1,099,000 which is $524 per square foot.  How does that compare to other buildings along the coast for a premier unit with direct ocean views?

When comparing oceanfront condominiums, not only does the footprint of the building have to be on the sand but the condominium itself must have a comparable view, and the building has to be approximately the same age. All buildings are not alike and there are differences in the quality of service and level of luxury.  For the sake of this exercise,  we are comparing just the real estate.

Here are some comparisons:

Trump Hollywood- Unit 2101- 2088 square feet asking $1,595,000: $763 per  square foot

Trump Palace in Sunny Isles Unit 4902- 2167 square feet asking $2,074,000: $957 per square foot

Jade Beach in Sunny Isles- Unit 805- 2105 sq.ft. asking $1,950,000: $926 per square foot

Canyon Ranch North Tower- Unit 3201 2436 sq.ft. asking $2,575,000: $1057 per square foot

So in the South Florida oceanfront real estate market today, Beach Club in Hallandale Beach 01 line is a spectacular oceanfront condominium at offered at an attractive price.

 

Filed Under: Beach Club Hallandale Tagged With: , , , , , , ,

Hollywood- Hallandale Beach Oceanfront Condo Year End Sales Profile

August 20, 2012 By

Hollywood and Hallandale Beach for a long time have offered the best oceanfront condominium deals anywhere along the coast in a newer building.  The prices per square foot have been and are less than Fort Lauderdale, Sunny Isles or Miami Beach.  Activity has been consistently very strong and inventories are considerably reduced all along the coast.  As we move into the last quarter of 2012, as I usually do, I am providing a snapshot of each of the most sought after new condominiums in Hollywood and Hallandale Beach.  See chart below. The buildings included in this overview are Beach Club, Ocean Palms, Diplomat Residences, Apogee Beach, Trump Hollywood and Villas of Positano.

Prices per square foot in Hollywood and Hallandale in a newer oceanfront building range from $321 per square foot to just under $600 square foot.  In a comparable building in Miami Beach (15 minutes further south) prices are well over $1000 square foot. Purchasing a condo with direct ocean views, 2-3 bedroom finished out is available in this area at under $500 per square foot .  Each building has a very specific character, luxury level,  size and amenity offering; from the very large Beach Club with 1200 units to the smaller Apogee Beach (brand new) with less than 50 condos.

An outstanding statistic is the extremely low levels of inventory.  It wasn’t too long ago when each building had over 20% or more for sale.  You can see on the chart below that just about every key building is at inventory levels below 10%.  The number of closed sales are also close to the number of active listings. You can see a steady flow of activity in each building.  This trend is consistent for all the newer buildings from Miami Beach up to Fort Lauderdale and Boca Raton.

Prices today, although certainly not as low as they were in 2009 and 2010 still present to be attractive to buyers from all over the world as sales continue to be strong and have been right through this past summer.   Our outstanding weather and beaches will attract an influx of visitors in just 2 months from now as our season gets underway.  The trends indicate continued strong sales.  As inventories continue to shrink prices will inevitably increase. That being said, buyers are here and are continuing to arrive.

Filed Under: Beach Club Hallandale Tagged With: , , , , , , , , , , ,

South Florida Oceanfront Condo Post Season Activity

April 29, 2012 By

Some of the buyers that I work with have the mindset to wait until after the peak season to move forward with buying an oceanfront condo. The thought process is that there may be more motivation from the sellers now that South Florida is in a “slow season”.  There has not been a slow down in sales along the coast for new oceanfront condos. In fact, there is an increase in activity.

Here are some statistics that reflect the Post Season Sales activity in Miami Beach and up the coast including Sunny, Isles, Bal Harbour, Hollywood -Hallandale, and  Fort Lauderdale.

The information provided below is based on information from the MLS and it reflects oceanfront condos built after the year 2000.

  • The the past 30 days 101 condos were sold and are pending closings.
  • 35 sales were for over $1 million dollar list price
  • 40 condos were on the market for 60 days or less
  • 22 condos were on the market for 30 days or less
  • 15 condos were on the market for 10 days or less
  • 20 of the 101 condos sold never had a price reduction
  • 21 of the sold condos had price increases prior to being sold
The oceanfront condo buildings with the most activity in the past 30 days are:
Those are the statistics as reported.  What I am seeing as I search for condominiums for my buyers are that the inventories are down considerably.  6 Months ago there were several options to choose from in a set price range in many of these key buildings.  The sales activity has absorbed so much inventory that now the choices are limited.
South Florida oceanfront condominium market has out performed every other market in the United States.

 

 

Filed Under: Beach Club Hallandale, Buying Real Estate, Canyon Ranch, Caribbean Miami Beach, Miami Oceanfront Condos, One Bal Harbour, Trump Towers-Sunny Isles Tagged With: , , , , , , , , , ,

Beach Club Hallandale, Trump Hollywood and Apogee Beach- All Selling

February 11, 2012 By

I have been working with an out of town buyer looking for a vacation condo on the ocean.  He likes the Beach Club in Hallandale . He is looking for a 2 bedroom plus den, large square footage and the condo must have great views.  The building must be relatively new and have great amenities.All this for under $800,000.  There are not too many buildings that will satisfy this criteria along the coast of South Florida.  Several of the options that we selected went to contract before we even were able to view them.   It is amazing how fast the market is moving in this price range with this criteria.  Condos are going to contract quickly if they are priced well and inventories are shrinking fast. The Beach Club in Hallandale continues to offer great value for second home buyers.

Next door to the Beach Club, the Apogee Beach oceanfront condominium is under construction.  This is a luxury boutique building with only 49 total residences. They are also selling fast with remaining units starting above $1,3 million.  Trump Hollywood is just up the street, also a luxury building with prices well into the millions.  Both Apogee Beach and Trump Hollywood are different more upscale properties, but they also have reported very brisk sales with many lines already sold out. the luxury opportunities in Hallandale Hollywood are priced more attractively then Sunny Isles or Fort Lauderdale.

Hollywood and Hallandale Beach continue to offer great oceanfront condominiums with some of the most attractive pricing anywhere along the coast. There is product available in all price ranges. There is a new large hotel project underway on the Hollywood Broadwalk, Jimmy Buffet Margaretaville.

Hollywood Hallandale Beach continues to offer great options at good prices.

Filed Under: Beach Club Hallandale, Trump Hollywood Tagged With: , , , , , ,

Pompano Beach- The New Hollywood Beach for Oceanfront Condo Deals

March 12, 2011 By

New oceanfront condo construction in Hollywood Beach offers several wonderful buildings.  There is the Diplomat Residences, Ocean Palms, Villas of Positano, the Beach Club in Hallandale and now Trump Hollywood. I have written numerous articles about finding the best oceanfront buys along the coast in these few buildings.  On a dollar per square foot basis for direct oceanfront views, spacious floor plans, great amenities and a nice new building these buildings are the buy.

Hollywood and Hallandale attracts buyers from all over the world looking for an oceanfront vacation home in South Florida priced well.  It is an area that has old Florida charm mixed with luxury oceanfront condos. There are many neighborhood restaurants and there is the Hollywood Broadwalk.  Second homes purchases in this area have remained strong throughout the economic down turn.

There is a new area that has similar characteristics to Hollywood.  Pompano Beach is beach town mixed with old Florida charm, older condominiums and new Luxury buildings.  Many buyers are now moving north to Pompano Beach to take advantage of several opportunities in new very well priced condominiums.  These opportunities are a little different because they are across the street from the ocean, but they each offer spacious floor plans in new buildings with nice amenities, at todays prices.

Oceanside Pompano Beach consists of 186 condos, half facing the intracoastal and half facing east towards the ocean.  Preciously owned and developed by WCI, the current owners set competitive pricing and they are selling fast.  For example,  there is an unobstructed beautiful west views on the 12th floor that is  1462 square feet with an asking price of $512,000.  That works out to $350 per square foot.  This building has outstanding amenities and the units have nice quality finishes and top of the line appliances.

Sonata Beach Club is another option of interest.  These are large 2 bedroom plus den condos with ocean views. For example there is a mode that is 2529 square feet, asking price $855,000, $338 per square foot.  It offers a fantastic open floor plan, huge balcony and expansive ocean views.

Another option down the street in Fort Lauderdale is the Sapphire Condominium.  Again, it is across the street from the ocean but you can buy a 1630 square foot 2 bedroom plus study on the 8th floor with great ocean views for $619,00, $379 per sq. ft.

This season is probably one of the busiest oceanfront condo buying seasons ever in South Florida.  At Oceanside Plaza, at this point in time there were only 6 intracoastal facing units left. Every other unit is sold.  I was there last weekend with a client and the sales office was non stop with buyers.

Ocean Palms is a great building to analyze that represents the intense buying activity along the coast. 54 units have either sold or are pending sale in the past 6 months.  Currently there are only 11 units for sale on the market.   6 months ago if I remember correctly there were probably about 50 condos for sale.

There isn’t a buyer today in whatever price point they are in that isn’t looking for a buying opportunity.   Many of the buyers I speak with clearly feel this is the time to buy and are concerned about missing these great opportunities.  Some buyers are even sorry they didn’t buy 6 months ago.

Filed Under: Beach Club Hallandale, Buying Real Estate, Deals, Diplomat Oceanfront Residence, Fort Lauderdale Oceanfront Condos, Ocean Palms Hollywood, Oceanside Pompano Beach, Sapphire Fort Lauderdale, Sonata Beach Club Pompano, Trump Hollywood, Villas of Positano Tagged With: , , , , , , , , , ,

Beach Club Hallandale Oceanfront Condominium- A Buy for Many, Strong Sales.

January 25, 2011 By

Beach Club Hallandale is a large complex made up of three towers with a total of 1200 condominiums. The Towers are named Tower One, Tower Two, and Tower Three Beach Club has outstanding amenities including a 40,000 square foot oceanfront gym and spa, 4 pools and and on site restaurant.  The property is directly on the sand in Hallandale Beach and is minutes from Fort Lauderdale airport. Northerners, Canadians and Europeans are attracted to this property as a second home or as an investment property.  There is a very strong rental demand at the Beach Club because of the attractive rental rates an outstanding amenities. Condo sizes range from 1086 square feet to around 2100 square feet. Larger corner units offer spectacular oceanfront views with oversized wrap around balconies.

There is a great deal of sales activity at the Beach Club. Prices are very attractive and for a new oceanfront condominium on a dollar per square foot basis, it cannot be beat.

Real estate investors not from this area read about the woes of the South Florida real estate market.  Good Oceanfront Condominiums are different.  As I have written many times, oceanfront condominiums defy the rest of the market.  The demand is world wide and good properties priced well have demonstrated very strong sales.  This is is perfectly illustrated by looking at the recent sales activity at the Beach Club.

In the last 6 months there have been 73 closed sales at the Beach Club representing a total of just under  $35,000,000 in real estate sales.  24 closed sales were short sales, 14 were bank owned and the balance 35 sales were conventional transactions.  Closed prices range from a low of around $250,000 to a high in the $800,000, with the majority of the sales in the middle.

Currently there are 126 condominiums for sale at the Beach Club.  A handful of the active sales are offered as short sales or bank owned and the balance are conventional.  This represents about 10% of the total complex for sale.

Beach Club in Hallandale Beach is great example of oceanfront condominium activity.  Of course, the Beach Club is larger than most buildings and priced lower than most but it does provide us with a look at the market.  In the luxury oceanfront condominiums with a higher price point, we can see proportional sales activity.  Well priced units continue to sell especially if they offer good ocean views.  The South Florida oceanfront condominium market is very much alive and kicking !

Filed Under: Beach Club Hallandale, Buying Real Estate, Deals, Fort Lauderdale Oceanfront Condos Tagged With: , , , ,

Hollywood-Hallandale Oceanfront Condos- What is Selling?

January 23, 2011 By

Hollywood and Hallandale Beach offer the best prices per square foot for relatively new condominiums on the ocean along the coast in South Florida. The Hollywood Hallandale Beach area has attracted many buyers because of its attractive pricing, proximity to the Fort Lauderdale International Airport, the Hollywood Broadwalk, and its Florida original character. The great buildings in Hollywood-Hallandale are the Beach Club, Diplomat Residences, Ocean Palms, Villas of Positano and Trump Hollywood.

They are all great buildings finished with floor to ceiling windows, latest state of the art kitchens and baths, full service amenities and with the footprint right on the sand. As with all condominiums along the coast, each building offers its own personality, amenities, floor plans and services.

In today’s south Florida real estate market buyers are taking advantage of low prices.  Sales are very active. The international appeal, and second home acquisitions have kept this market healthy and active. Short sales and bank owned units make up a small percentage of the data but the primary sales activity are condos sold by realistic motivated sellers.

The following great buildings fall into this group:

Here is a look at the last 6 months of sales activity in these select buildings:

Beach Club All Three Towers

Total of 1200 condominiums.

75 closed sales

19 currently under contract

$229,900-$800,000

Diplomat

135 units-29 Floors

5 closed sales

3 currently under contract

$510,000-$900,000

square footage 2157-3050

Ocean Palms

240 units- 40 floors

14 closed sales

8 currently under contract

$425,000-$1212,500

Square Footage  1773-3091

Villas of Positano

62 Units 11 floors

7 Closed Sales

$998,000- $1,685,000

Square Footage 2771-3412

Trump Hollywood, as written in my article of November 18th 2010, is the newest and most luxurious of all the buildings. Recent foreclosure and new ownership will bring many changes and opportunities. New sales have not yet been reported to the tax record.

200 Units 40 floors

$687,000-$2,789,900

Square Footage 2,088-5005


Filed Under: Beach Club Hallandale, Diplomat Oceanfront Residence, Fort Lauderdale Oceanfront Condos, Ocean Palms Hollywood, Trump Hollywood, Uncategorized, Villas of Positano Tagged With: , , , , , ,

Luxury Oceanfront Condominiums- Bank Owned Great Deals !

November 7, 2010 By

Bank owned properties for the most part are opportunities priced below market and deals that can close very quickly for cash buyers.  There are just a few luxury oceanfront condominiums on the market that are bank owned.  Condominiums come on the market periodically but there are not that many.

Here are a few outstanding luxury units on the market today.

The Icon in South Beach, there is a 4300 square foot unit on the 18th floor, 3 bedrooms 4 baths with an asking price of $2,200,000.  Asking price $511 square foot. Unit 1901 closed recently for $694 square foot, although only 2100 sq.ft.

The Residences at the Bath Club, just under 3000 square feet on a low floor. 2 bedrooms 3 and 1/2 baths with an asking price of $1,773,900. Asking price $599 square foot. Recent closed sales, although on higher floors were in the low to mid $600′s sq.ft.

Setai Resort South Beach, 1141 square feet 2 bedroom 2 baths on a high floor. Asking price $1,100,000.  This is the only unit at the Setai with an asking price under $1000 square foot. This is one of the highest priced properties along the coast.

For large square footage, direct oceanfront condominiums in a newer building with great amenities there is a bank owned unit at the Beach Club that is an attractive buy.

Beach Club in Hallandale Beach, 37th floor over 2000 square feet 3 bedrooms 3 and one half baths direct ocean with wrap balcony. Asking price $629,900. That is only $303 per square foot !!!! Tremendous.

These select units are current bank owned units in great buildings priced below market.  Again, they are far and few between !

Educated buyers have learned the hard way that pursuing short sale properties are a shot in the dark and many who have tried have waited months and months to find out the deal will never close.  Meanwhile great opportunities by motivated sellers or even bank owned units came on the market and sold.  As I have written, phenomenal deals have been made between motivated sellers and cash buyers !!!

Filed Under: Bath Club, Beach Club Hallandale, Buying Real Estate, Deals, Icon South Beach, Setai South Beach Tagged With: , , , , , ,

Beach Club Hallandale-Second Home Buyers Seeking an Investment Property with Direct Oceanfront Views

November 2, 2010 By

Second home buyers and investors from all over the world come to South Florida seeking oceanfront real estate. Miami Beach and Fort Lauderdale Oceanfront Condominiums continue to sell in this market because of the world wide demand. Prices are at an unprecedented low as are interest rates. But… buyers today are of course extremely cautious and are looking for great opportunities. Where can a buyer get the best price on a dollar per square foot basis for a spectacular direct oceanfront spacious 2 bedroom plus den condo?

The Beach Club in Hallandale Beach fits that criteria. Beach Club Tower Two 01 and 02 units are direct ocean corner units offers over 2000 square feet of spectacular breath taking views with 2 bedrooms and a convertible den. Kitchens are open and nicely appointed. The space and views are outstanding. Recent sales of these units range from the mid $800,000 to the mid $900,000, around $402 per square foot. We are refering to the most premier line in the building with outstanding direct oceanfront views and a large space. There are other very desirable direct oceanfront units available in Tower One and Tower Three. Maintenance fees at Beach Club are also quite attractive running around  $0.65 per sq.ft. depending on the Tower.

Prices at the Beach Club are considerably lower than other new buildings along the coast.Moving north to Fort Lauderdale prices move easily to $500-600 sq.ft. Moving South towards Sunny Isles Oceanfront Condo Prices will also start at $500-$600 sq.ft. Miami Beach and South Beach can easily move up to $1000 a square foot or more.

The Beach Club complex consists of three towers, several pools, a 40,000 square foot fitness center. The location is minutes from the Fort Lauderdale airport and great shopping.

We receive numerous phone calls from buyers that end up purchasing at the Beach Club with the following criteria:

Family with children
Buyer looking to invest in South Florida Real Estate
Not ready to retire
Buyer sees it as a good time to buy
Will use the property periodically
May or may not consider renting it out
Would like the best deal for direct ocean views
Requires 2 bedrooms plus
New Building
Good location convenient to airport, shopping and highways
Amenities for the family
Financial stable building

Low maintenance fees
Best price on a dollar per square foot basis

Filed Under: Beach Club Hallandale, Buying Real Estate, Deals, Fort Lauderdale Oceanfront Condos Tagged With: , , , , ,

Luxury Oceanfront Condo Activity- What Sold and What is Selling?

June 20, 2010 By

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

Filed Under: Beach Club Hallandale, Best of the Best Oceanfront Condos, Buying Real Estate, Caribbean Miami Beach, Condo Statistics, Continuum South Beach, Deals, Fort Lauderdale Oceanfront Condos, Jade Beach- Jade Ocean, Miami Oceanfront Condos, Ocean Palms Hollywood, One Bal Harbour, Turnberry Ocean Colony, What Can You Buy For $1 million, What Can You Buy For $2 million Tagged With:
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