What can you buy for $1 million if you were looking for an oceanfront condo in Miami or Fort Lauderdale? You can get a lot more for your money than you could have a year ago! Over the past year, with the current market situation, we have certainly seen price reductions.
Here is what you can buy for $1 million if you were looking for an oceanfront condo in Miami and in Fort Lauderdale:
Miami
The Bath Club- 5959 Collins Avenue
Asking Price $1,017,000
Price Per Sq.Ft. $534
1,904 Square Feet under air
2 bedrooms 2 baths
VIews of the ocean, bay and city
The Bath Club was built in 2005 and has a total of 107 units. Currently there are 21 units on the market out of 107 units. In the current market, 19% of units for sale. Prices range from $485 square foot to over $1300 square foot for the penthouse. This unit was originally listed for $1,675,000.
The Mosaic- 3801 Collins Ave
Asking Price $999,900
Price Per Sq. Ft: $663
1,507 Square Feet under air
3 bedrooms 3 baths
Views of the ocean, bay and city
The Mosaic was built in 2006 and has a total of just 91 units. Currently there are 27 units on the market, 32% of the building. Prices offered in this bulding range from $484 sq.ft. to over $1400 per sq. ft. Original list price $1,150,000
Canyon Ranch-6801 Collins Ave.
Asking Price $1,095,000
Price Per Sq.Ft. $901
1,215 Square Feet under air
2 bedrooms 2 baths
Direct ocean east views
Canyon Ranch Living has 3 towers North, South and the center, Carillon. We have several listings in this building and it is one of my favorite projects in South Florida. As we have writen before, Canyon Ranch offers a complete lifestyle, so much more than just an oceanfront condo with amenities. The 70,000 sq ft. spa will be opening soon and closings are still under way. Original list price $1,199,000
Fort Lauderdale
L’Ambiance-4240 Galt Ocean Drive
Asking Price $1,049,000
Price Per Sq.Ft. $456
2,318 Square Feet under air
3 bedrooms 2 and one half baths
Direct ocean views
L’Ambiance was built in 2003 and is very well established building. There are only 13 units on the market out of 124, 10%. This unit was priced at one point at $1,449,000. Prices int his building run from $462 sq.ft. to $842 sq. ft. Original list price $1,449,000.
Aquazul- 1600 S. Ocean Drive- Lauderdale by the Sea
Asking Price $999,000
Price Per Sq.Ft. $388
2,572 Square Feet under air
3 bedrooms 4 and one half baths
Flow through unit with east and west views
The Aquazul has total of 80 units and there are only 8 units on the market. The floor plans are very spacious and flow through with wonderful views east and west. Prices in this building range from$388 sq.ft. to $615 sq.ft. Original list price $1,400,000.
Las Olas Beach Club- 101 S. Ft. Lauderdale Beach
Asking Price $1,079,000
Price Per Sq.Ft. $454
2,372 Square Feet under air
3 bedrooms 3 baths
Direct ocean views with a flow through floor plan offering west views as well
Las Olas Beach Club was built in 2007 and has a total of 148 units. Currently there are 42 units on the market, 28%. Prices range from $393 sq.ft. to $1134 sq.ft. Las Olas Beach club is located in Fort Lauderdale. The building sits across the street from the ocean. Original list price $1,159,000.
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