There are options for buyers needing at least 3 bedrooms on the ocean in Miami Beach in a relatively new building (post 2004). As is anywhere, the options vary in quality and level of luxury and location. The prices start at just under $2.1million and go up from there.
South Beach south of Fifth Street offers the most expensive options available. The Continuum and the Apogee South Beach offer several very large condos exceeding 4000 square feet of living space in the most prime real estate in South Florida.The highest priced oceanfront condominium today is a penthouse at the Continuum in South Beach. It has plenty of space, over 11,000 square feet, 6 bedrooms 7 and one half baths, rooftop pool, private elevator and staff quarters. Asking price is $39,000,000. If this masterpiece is more than you would like to spend there are other more modest options available at the Continuum offering 3, 4 and 5 bedrooms averaging around $1500 square foot.
The Caribbean on 38th and Collins is a wonderful building in a great location. It consists of two towers, North and South. The South Tower is a new ground up structure and the North Tower is a renovated gem capturing the Art Deco essence of old Miami Beach. Very few units come on the market but there a few opportunities at around $1100 square foot for a premier direct oceanfront condo.
Canyon Ranch Miami Beach has just one 3 bedroom 3100 square foot penthouse in the South Tower offered at $1033 per square foot. This is a large unit for Canyon Ranch. Canyon Ranch is of course all about the lifestyle and outdoor spaces.
As we move into season, we are expecting the world wide demand to continue and sales for these premier properties to continue at the very brisk pace that we have seen throughout the summer.