St. Regis Bal Harbour- Construction is Well Underway

posted by Susan Reiter on October 27, 2008

 

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.

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Categories: Best of the Best Oceanfront Condos, Buying Real Estate, Miami Oceanfront Condos, St.Regis Bal Harbour, What Can You Buy For $2 million

Miami Ultra Luxury Condos Are Selling- Resales and Pre-Construction

posted by Susan Reiter on July 6, 2008

fischer-island

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.

St.Regis Bal Harbour Pre Construction

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.

st-regis-bal-harbour-kitchenpreconstruction

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st-regis-bal-harbour-bath preconstruction

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.

Ritz Carlton South Beach

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.

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Categories: Best of the Best Oceanfront Condos, Miami Oceanfront Condos, Pre-Construction-Luxury Oceanfront Condos, Ritz-Carlton South Beach, St.Regis Bal Harbour

Watching the Market….Or Buying An Oceanfront Condo Now

posted by Susan Reiter on May 31, 2008

South Florida Oceanfront condo Great View

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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Categories: Acqualina, Aquazul, Beach Club Hallandale, Best of the Best Oceanfront Condos, Boca Raton Oceanfront Condos, Buying Real Estate, Canyon Ranch, Cipriani Ocean Resort and Club Residences, Continuum South Beach, Diplomat Oceanfront Residence, Europa By The Sea, Fort Lauderdale Oceanfront Condos, Icon-Las Olas, L'Ambiance, L'Hermitage, Las Olas Beach Club, Luxuria, Miami Oceanfront Condos, Ocean Palms Hollywood, One Bal Harbour, One Thousand Ocean, Palm Beach Oceanfront Condos, Porto Vita Aventura, Pre-Construction-Luxury Oceanfront Condos, Regalia, Ritz-Carlton South Beach, St. Regis Residences Ft. Lauderdale, St.Regis Bal Harbour, The Excelsior-, The Palms Tower I & II, Trump Hollywood, Turnberry Ocean Colony, Villas of Positano

Pre-Construction Luxury Oceanfront Condos in Miami

posted by Susan Reiter on December 12, 2007

Continuum II pictured below.

Continuum II

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.

preconstruction-copy.jpg

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Categories: Best of the Best Oceanfront Condos, Buying Real Estate, Canyon Ranch, Cipriani Ocean Resort and Club Residences, Condo Statistics, Continuum South Beach, Pre-Construction-Luxury Oceanfront Condos, Ritz-Carlton South Beach, St.Regis Bal Harbour
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