Statistical Look at 7 Luxury Oceanfront Condos

posted by Susan Reiter on June 14, 2009

Luxury Oceanfront Condos along the coast in South Florida vary immensly.  Each building has its own character as does each neighborhood and each city, and those variances are reflected in the price.   Worldwide attention is focused on oceanfront condos in South Florida as the price swings have been reported around the world.   To summerize our market we like to provide our readership with statistics and data.

I have selected 7 very different luxury oceanfront condos along the coast to take a look at. These 7 condominiums are all relatively new and represent a cross section of oceanfront condos along the coast.   Continuum in South Beach, Canyon Ranch in Miami Beach, One Bal Harbour in Bal Harbour, Turnberry Ocean Colony in Sunny Isles, Ocean Palms in Hollywood, The Palms in Fort Lauderdale, and The Excelsior in Boca Raton.

The information provided addresses, number of closed sales, $ per square foot, average $ of asking price, number of units currently under contract (pending), and total number of units for sale in each building.

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Categories: Boca Raton Oceanfront Condos, Buying Real Estate, Canyon Ranch, Condo Statistics, Continuum South Beach, Fort Lauderdale Oceanfront Condos, Miami Oceanfront Condos, Ocean Palms Hollywood, One Bal Harbour, Palm Beach Oceanfront Condos, The Excelsior-, The Palms Tower I & II, Turnberry Ocean Colony

The “Boutique Building” Low Rise-Low Density Oceanfront Condos-

posted by Susan Reiter on May 14, 2009

There are numerous luxury oceanfront condos along the coast in South Florida ; in Miami Beach, Fort Lauderdale Boca Raton and Palm Beach.  Each building has its own personality, style and vintage.  The great majority of the luxury oceanfront condos rise 20, 30 or 40 stories high, with over 200 units per building.  

There is an option for those that prefer a smaller number of residences in a building.  These are known as “Boutique Buildings”  Some of the “boutique buildings” also are low rise buildings as well rising no higher than 12 floors.

In Hollywood, there is the newly built Villas of Positano. Built by Architect-Derek Vander Ploeg, known for projects such as Mizner Park and the spectacular Excelsior in Boca Raton.  The interiors were completed by the Perla Lichi Design group, known for exceptional high-end residential design.  

The Villas of Positano is situated between the ocean and the Intracoastal Waterway in Hollywood. The building consists of only 62 residences and is only 11 stories high.  Prices at the Villas of Positano start at $1,050,000 for 2771 square feet and go up to $2.6 million for a four bedroom villa.

Everyone today is looking for a great deal.  Here is an opportunity….. a magnificently unit finished by Steven G, renowned residential and commercial designer.  Over 3400 square feet 3 bedrooms 3 and one half baths. Asking $344 per square foot including all furnishings….. $1.2 million.  This is a west facing unit with limited ocean views.  Large living space, in a first class unique building, move in ready …turnkey…everything included !

Entry Foyer

Grand Living Area

Kitchen-

Dining Room- Can be converted into a 4th bedroom

Master Bedroom

Other buildings in South Florida similar to the Villas of Positano’s Mediterranean style are the Bellaria in Palm Beach and the newly build Luxuria in Boca Raton.

Another “Boutique Building” with a modern South Beach feel is Coconut Grove in Fort Lauderdale.  This building has Smart Building Technology and is situated right next door to the Marriott Harbor Beach Club.   I have recently written a post on their price reductions. 

There is an oceanfront unit at Coconut Grove on the second floor in the best line in the building. (happens to be my listing).  Unobstructed ocean views.  The unit feels like you are living at a  beach house on the sand.  You can hear, smell and see the ocean.  2 bedrooms 2 and one half baths with a separate laundry room.  2001 square feet asking price $1,299,000.

View from Unit 202 Coconut Grove-  MLS Number F1002876

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Categories: Best of the Best Oceanfront Condos, Boca Raton Oceanfront Condos, Buying Real Estate, Fort Lauderdale Oceanfront Condos, Low Rise Oceanfront Condo, Luxuria, Miami Oceanfront Condos, Palm Beach Oceanfront Condos, The Excelsior-, Villas of Positano

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

The Most Expensive Oceanfront Condo Sales in Dade, Broward and Palm Beach in 2007

posted by Susan Reiter on September 28, 2007

 Miami Skyline

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-

The Affluent Are Attracted to Newer Oceanfront Condos in Boca Raton

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 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.

The Excelsio in Boca Raton

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-
Oceanfront Condos
Miami Beach Miami Beach Bal Harbour Sunny Isles - Aventura
Hollywood-Hallandale Fort Lauderdale Boca Raton Palm Beach