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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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
posted by Susan Reiter on September 28, 2007
 
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.)
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Categories: Best of the Best Oceanfront Condos, Boca Raton Oceanfront Condos, Fort Lauderdale Oceanfront Condos, Low Rise Oceanfront Condo, Miami Oceanfront Condos, Palm Beach Oceanfront Condos, The Excelsior-
posted by Susan Reiter on August 31, 2007
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.
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Categories: Best of the Best Oceanfront Condos, Boca Raton Oceanfront Condos, Low Rise Oceanfront Condo, Luxuria, The Excelsior-
