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

Construction is progressing on schedule as the Penthouse floor has just been completed at One Thousand Ocean in Boca Raton.  It is expected that work will begin on the interiors as well as the exterior facade in the upcoming week.

One Thousand Ocean is built on the most coveted inlet in Boca Raton on South Ocean Boulevard.  It is situated across the bay from the Boca Resort & Beach Club which in January will join the Waldorf-Astoria Collection.  The Beach Club is undergoing a $120 million renovation which will offer a completely renovated facility including the three oceanfront pools, guest residences, oceanfront dining, children’s play area and stuning oceanfront bar.

The Boca Raton Resort is truly an all inclusive destination offering all the amenities you could think of.  Residents at One Thousand Ocean will be a stones throw away from it all.  The Boca Resort & Beach Club has recently added some great dining options including The Old Homestead, Morimoto, Lucca and one of my old New York favorites Serendipity for frozen hot chocolates.    

This is one of the truly unique ultra luxury properties available in South Florida. There will be only 52 one and two story Residences.   Residences start at 2,835 square feet.  The Beach Penthouse is 5837 square feet with an outdoor living area of 3,665 square feet.

 

 

 

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.

..

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.

..

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!!!

As our readership knows, we specialize in luxury oceanfront condos in South Florida. In our opinion very few properties qualify for an ultra luxury classification. One Thousand Ocean in Boca Raton is a new oceanfront ultra luxury condo that has earned that distinction.

This seven story building is a mixture of 52 one and two story Residences with Beach Villa and Penthouse choices. Built on the most coveted inlet on South Ocean Boulevard, residences feature spectacular views of the ocean, the shoreline, and westerly city and lake views. One Thousand Ocean is under construction with occupancy expected spring 2009. According to the developer it is already 50% sold out. Prices for this ultra-luxury property begin at over $4 million.

The team behind One Thousand Ocean is LXR Luxury Resort, owned by an affiliate of the Blackstone Real Estate Advisors, Garcia Stromberg, RTKL, and EDSA .

The residences are all spacious starting at around 4000 square feet with 10 foot ceilings. Villas feature 20 foot double height spaces. Penthouse units exceed 12,000 square feet. All the units have floor to ceiling window and are finished out with tasteful color choices and the finest materials. Everything about this property has been given the utmost attention to detail.

The images below will provide you with a preview of One Thousand Ocean.

The residences are pre wired to accommodate the state of the art technology. Kitchens are finished with custom designed cabinetry and the finest appliances including Wolf 36 inch five burner gas stove.

Close up of stone and glass materials used in the kitchen.

Stone fireplaces are in the master Bedroom and main living area.

Master baths have stone vanity countertops with glass mosaic accents, frameless glass shower enclosures, Roman Therapy Whirlpool tubs and custom designed Italian Cabinetry.

His and her dressing rooms are custom designed with built ins and a free standing vanity dresser. A Sub-zero midnight snack refrigerator drawer is included.

Terraces are oversized and include a private plunge pool with massaging jets, and outdoor kitchen, and exposed wood ceilings.

One Thousand Ocean is a mere water taxi to the Boca Raton Resort and Club. The Boca Raton Resort and Club has outstanding first class amenities including two championship golf courses, 30 award-winning clay tennis courts, Spa Palazzo, 32-slip marina, Half-mile private beach, beach club, three state-of-the-art fitness centers, and an extensive schedule of social activities available for all ages. Boca Raton Resort has world-class restaurants including Old Homestead from New York. Gordon Ramsey is opening a restaurant as well as Serendipity, one of New Yorkers favorite dessert destinations.

One Thousand Ocean in Boca Raton is a most unique modern designed ultra luxury residence.

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.

What can you buy for $ 1 million if you were looking for an oceanfront condominium  in Miami, Ft. Lauderdale or Palm Beach?  For $1 Million in South Florida, you would have many options for purchasing a spacious oceanfront condo.  To give you an idea of what is available in three very different locations. we have selected three condominiums on the market being offered for around $1 million.  We have selected one in the Addison in Boca Raton, one in the Diplomat in Hollywood, and one in the Akoya in Miami Beach.  Here are the details for each:

The Addison- Boca Raton

 Asking Price: $1,090,000

Price per Square Foot: $505

2156 sq.ft. under air, 2300 sq.ft. with balconies

2 bedrooms 2 bathrooms

Direct Oceanviews

Located in Boca Raton, this bulding was built in 1986.  It has a total of 16 floors and 85 units in this building.  Most of Boca Raton’s oceanfront property is well established and there is very little new oceanfront construction. This particular unit could use some updating. Amenities include gated security, doorman, valet served parking, concierge, pool staff, beach staff and owners breakfast and lunch cafe.  This a full service building with 5 star amenities.

The Diplomat-Hollywood Beach

Asking Price: $999,999

Price per square foot: $441

2267 sq.ft. under air, 2589 sq.ft. with balconies

2 bedrooms 2 and one half bathrooms

Ocean and intracoastal views

The Diplomat Hollywood Beach is a brand new boutique building.  It has a total of 28 floors and 135 residences.  This unit is finished with 24×24 marble flooring and designer carpeting.  Living at the Diplomat affords you 5 star amenities in this full service building adjacent to the Diplomat Hotel.  Purchasing here also comes with a 5 year membership to the Diplomat Gold ane Country Club.

The Akoya- Miami Beach

Asking Price: $1,025,000

Price per square foot: $582

1761 sq.ft. under air, 2000 sq.ft. with balconies

3 bedrooms 2 and one half bathrooms

Direct Oceanviews

The Akoya was built in 2005, has 48 floors and a total of 386 residences. It is the tallest building on Miami Beach. This unit has direct ocean views with a wrap around balcony. Finished with marble floors and crown molding.  This building offers, tennis, raquetball, fitness center with sauna and steam, and full concierge and valet services.

Â

Interesting to see the most expensive oceanfront condo sales in South Florida by County.

Dade- Total of 76 closed sales over $2 million

Highest Reported Sale Â

1500 Ocean Drive-Miami Beach

• 11,940 square feet
• Asking Price $18,500,000Â
• Sold for: $12,000,000
• Price pre sq. ft. $1005

Broward- Total of 8 closed sales over $2 million

Highest Reported Sale

Diplomat Oceanfront Residence-Hollywood

• Asking Price: $3,750,000Â
• 4,918 square feetÂ
• Sold for: $3,350,000
• Price pre sq. ft $681 (approx)

 Palm Beach-Total of 24 closed sales over $2 million

Highest Reported Sale

Excelsior Condominium-Boca Raton

• Asking Price $7,495,000
• 5744 square feet (approx)
• Sold For: $6,200,000Â
• Â Price pre sq. ft $1079 (approx.)

 In Broward, Dade and Palm Beach counties there are oceanfront condos that have just been completed.   Many units were purchased by investors looking to flip their investment prior to closing in hopes of making a tidy profit.  As market conditions have changed, and flipping became unrealistic, many buyers went ahead and closed on the units.  Now, there are many brand new magnificent oceanfront condos on the market. 

A typical example is the Las Olas Beach Club, Fort Lauderdale.  It is a first class building with 148 residences.  There are around 5o units on the market.  Some of those sellers are very motivated and understand in order to sell in this market they have to sell at a competitive price.  Opportunities are there for a great buy.

Market conditions right now are very favorable to buyers.  Conditions to buy couldn’t be better for anyone looking for an oceanfront residence. 

If you want to buy a relatively new condo on the ocean in Boca Raton your choices are limited. There is the Luxuria that is under construction. The Luxuria is a 24 ultra luxurious residences in a 10 story, low-density tower. The units have enormous square footage ranging from 4,500 to 12,000 sq. ft. This is the only opportunity for new construction directly on the ocean in Boca Raton. Prices range start in the low $4 million range.

There is an opportunity to purchase a magnificent unit on the  Here is an oceanfront unit at the Luxuria in Boca Raton

The Excelsior is another building with great appeal to the affluent. It is also a smaller low rise as is the Luxuria and was completed in 2002. There are a few units on the market now in the $3-$4million range. The most recent sales closed July 31 of this year for $3,2720,000. It has 3 bedrooms 3 1/2 baths facing east on the second floor. The most notable recent sale in this building closed on January 19 of this year. It was a duplex on the 11th floor that had been featured in many magazine. The interior was designed by Alfred Karram II the world famous designer. The materials were the finest woods and stone. Attention to details was incredible down to the hardware used on the doors. This unit included a cabana at the ocean.

There is an opportunity to have over 11,000 sq. ft. of wrap around balconies on the ocean in the Excelsior. Truly spectacular. 4 bedrooms 3 1/2 baths. Click here if you would like more information.