posted by Susan Reiter on May 31, 2008
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.
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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.
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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!!!
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posted by Susan Reiter on October 3, 2007
There have been years of lawsuits and fighting to prevent the Related Group from building the 42 story luxury condominium that is situated next to the historic Stranahan House. According to a Sun-Sentinel article published today, Las Olas Condo Approved, the 42 story tower will move ahead.
The Icon is designed to have 272 units in the building, and according to the Related Group they are 48% sold out. Ground breaking will occur in Spring 08 if not sooner with a completion by 1st quarter 2010. As featured in a New York Post Aricle in June of this year, as with most Related Group projects, brisk sales are expected despite current market conditions.
As you would come to expect with Related Group projects, The Icon will be designed with fine appointments throughout the building as well as with style and good taste.
Here are some of the features offered at ICON Las Olas:
Icon Building Amenities
- Beautiful plaza with large live oaks and musical fountain on Las Olas Blvd.
- World class Icon Spa
- The Icon Club Room with fully equipped kitchen billiards table and plasma TV
- Large oval infinity-edge pool
- Large breezeway with private group seating areas
- Wireless business center
- Key-fob door entry
- 24 hour valet
- 24 hour concierge
- Wine cellar with lockers for resident use
- Executive auto detailing
Icon Residential Features:
- Smart Building technology
- 9 or 10 foot ceilings
- Floor to ceiling impact resistant windows
- Icon signature solid core doors
- Multiple phone line capability
- Full size top of the line washer and dryer
- Walk in Closets
Icon Kitchens
- Sub-Zero Refrigerators
- Top of the line appliances
- Imported Italian Cabinets
- Granite Counter-tops and back-splashes
- Under-counter lighting
- Sleek designer fixtures
Icon Baths
- Top of the line vanities with Marble
- Spa Tub in master and separate shower with seamless glass door
- Imported Italian Cabinetry
- Sleek designer fixtures
Price ranges from $567,900 to over $2 million ( with only 2 units left in the $ 2million range.)
Square footage ranges from 1372 sq. feet to over 3300 sq.ft.
The smallest unit available is a one bedroom 1.5 bath and the largest Unit model G4 is 4 bedrooms 4.5 baths.
Maintenance runs an average of $0.62 per sq. ft.
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Categories: Buying Real Estate, Fort Lauderdale Oceanfront Condos, Icon-Las Olas
