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

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.

Construction at Canyon Ranch in Miami Beach is in the final stages. Residents are occupying the South Tower and the North Tower and Carillon will begin closings shortly. The hotel is taking reservations for October.

There is a great deal of excitement in the air about the opening of the amazing spa facility. Here is a little blurb that appeared in this month’s INSTYLE magazine ……

Canyon Ranch Spa

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!!!

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.

I was at the exciting soon to be finished Canyon Ranch today. I was in the South Tower looking north and could not believe the way these construction workers were relaxing in their spare time at the edge of the Carillon Tower.

Now I certainly appreciate the spectacular views, but this is really up close and personal !

To search current listings at Canyon Ranch Click Here.

What can you buy for $750,000 if you were looking for an oceanfront condominium  in Miami, Ft. Lauderdale or Palm Beach?  For $750,000 in South Florida,  there are direct oceanfront condos available.   We have selected three condominiums on the market being offered for around $750,000.   In Boca Raton there is an older established building.  In Ft. Lauderdale there is a brand new building with complete amenities and services and in Miami Beach,  you could get into the newly constructed sought after Canyon Ranch.

3000 South Ocean Blvd- Boca Raton

 Asking Price: $755,000

Price per Square Foot: $423

1782 sq.ft. under air

3 bedrooms 2 bathrooms

Direct Ocean and City Views

Located in Boca Raton this established building was built in 1970.  It is ideally located.  This building has very little turnover as many owners have owned for decades.  This particular unit has been completely renovated and has a desirable view.

Ocean Palms- Hollywood

Asking Price: $750,000

Price per Square Foot: $354

2115 sq.ft. under air

3 bedrooms 3 and one half bathrooms

Direct Ocean and City Views

This unit is being offered by a very motivated seller below buyer’s costs.  It is decorator ready.  The Ocean Palms is a brand new 40 story building.  There are 240 residences in total.  The amenities include pool and beach attendant, fitness center media room tennis and baskteball, billiard room, clubroom,  and full service valet and conceirge services. Currently there are 57 units on the market ranging from $749,000-$2.3 million.  There have been numerous resales in this building ranging from $580,000 to $1.500,000.

Canyon Ranch-Miami Beach

Asking Price: $750,000

Price per Square Foot: $685

1095 sq.ft. under air

2 bedrooms 2 bathrooms

Bay and Miami City Views

Canyon Ranch offers living a completely healthy lifestyle beyond ownership of a magnificent oceanfront condo.  There are resales available in the 21 story The South Tower just completed.  This unit is priced competively.

Continuum II pictured below.

In South Florida, the word “pre-construction” can be a taboo word. But not in the high end luxury market. As previously blogged, the high end luxury market is alive and kicking. There are several luxury and ultra luxury projects underway in South Florida and we are told sales are brisk.

We are often contacted by Canadians, Europeans and Northerners inquiring about specific luxury oceanfront pre-construction projects. Each project has its own unique characteristics that afford it a luxury status. To help our out-of towners- we are offering a concise look at 5 of the most sought after projects.

Canyon Ranch: Healthy Living is is more than diet and exercise. The visionary concept is known as “healthy living”. There is an extensive offering of education, nutritional, exercise and relaxation options integrated into your everyday life.

Ritz Carlton: Uncompromising service that distinguishes the Ritz-Carlton hotels has been adapted to their Private and Fractionally owned Residences. Only 86 private residences available in a magnificently designed structure.

St.Regis: Located in exclusive Bal Harbour, the St.Regis offers a 5 star resort hotel and condominium. The signature St. Regis Butlers will offer white-glove service. Of course the finest shopping must be easily accessable…across the street from the Bal Harbour shoppes.

Cipriani: Following in the world renowned Cipriani’s tradition, the 66 unique residences will be finished with the finest imported Italian marble and finishings. All residents will be catered to by the Cipriani hallmark of service and discretion.

Continiuum II: Location, location, location. The Continuum II is situated south of fifth street adjacent to one of the most desirable buildings in South Beach, The Continuum South Tower. Directly on the sand, the facilities and location continue to be favored by a very international crowd.

The Continuum II and Canyon Ranch are nearing completion and are expecting occupancy to begin in January 2008. The other projects mentioned have a way to go.

Below is a chart that provides information on building size, price range, apartment size and expected completion. If you would like to see floor plans or need additional information, let us know.

South Florida’s unlimited sunshine and great weather are very conducive to living a healthier lifestyle.   With the increase of baby boomers approaching retirement demands for wellness and healthy living are becoming more apparent.

Publix Supermarkets, the primary supermarket in South Florida is opening up Greenwise Markets. 

According to their website.. “This is a one-stop shopping destination for anyone who appreciates organic, all-natural, and earth-friendly products, excellent food, and a thoroughly enjoyable shopping experience. Here, you can enjoy a delicious freshly prepared meal, surf the Internet, or fill your basket with artisan cheeses, fine wines, handcrafted fresh breads, and much more.”  Click here for Greenwise website

A Greenwise Market is being built across the street from Canyon Ranch Living luxury condominium in Miami.   Now that certainly makes a lot of sense.

True, Canyon Ranch is an oceanfront condo but the properties full name is “Canyon Ranch Living” because buying a residence here is buying into an entire lifestyle.  Canyon Ranch has been known for their wellness resorts in Tuscon, Arizona and other locations, however this is their first project that includes residences as well as a hotel and spa destination. 

There is a growing number of people, especially the Baby Boomer generation that take exercise and healthy living quite seriously.  As detailed in an article published July 17,2007 titled Over-50 Baby Boomers Serious About Exercise and Health Habits , this segment of the population is living a healthier lifestyle.   For those with that goal and the means to afford it, Canyon Ranch Living is a dream come true.

The Canyon Ranch project can accommodate that lifestyle to its fullest extent.  This property is all about healthy living.  Their philosophy emphasizes that through education, prevention and implementation you can live a healthier life.  The amenities at Canyon Ranch will include a 70,000 sq. foot spa and five star cuisine and offer owners a complete array of services  to make living that healthier life immediately available.  They have a Canyon Ranch Curriculum that includes extensive evaluations and screenings.  Activities offered will include fitness, nutrition, athletics, mind-body, behavioral health, yoga aquatic therapy, and much more.

The project is well on its way with a projected completion date of first quarter of 2008.  The developer has units still available starting at $1.325,000 up to over $4 million.  There is a floor plan that has 2 bedrooms and den with 3 bathrooms and 2050 sq.ft.  It has an interesting layout that flows right through the building providing east and west views. That particular layout is available on a few different floors starting at $2.3 million on the 11th floor.

There are some units on the market from original purchasers looking to sell prior to closing. 

Each unit will included a well-equipped kitchen with stainless steel and a clean design, master suties with spa like bathrooms and walk in closets,  full washer/dryer and private metal and glass balconies with views of city, sky and ocean.

This is a very unique project that offers all the services and amenities you could possible want that promote health fitness and good living.

 Photo and information courtesy of Canyon Ranch