What 3 Bedroom Oceanfront Condos Are For Sale in Miami Beach?

August 27, 2012 By

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.

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Canyon Ranch Miami-Strong Appeal for Second Home Buyers

May 11, 2012 By

Buyers in a certain price point looking for an oceanfront condo in Miami Beach as a second home in South Florida come with specific wants and needs.  Generally speaking buyers I work with want a new building, great amenities, building that sits directly on the sand, good location and an upscale environment.  There are choices.  In South Beach such as the Continuum , prices will run well over $1000 square foot.  The other fewer new wonderful buildings such as Caribbean, Mei, and Bath Club have very few units available to choose from.  The Caribbean, a fantastic buildings also boasts sales over $1000 per square foot.  Canyon Ranch is minutes north of South Beach and a great option.

Canyon Ranch on the other hand has a history of closed sales prices ranging from $500 square foot to around $900 square foot.   In the past 6 months there have been more than 26 closed sales reported ranging from $2.6 million to $295,000. Inventories have diminished greatly, the developer has a handful of units left and the resale market has been incredibly strong.   Canyon Ranch offers everything the second home buyer desires: new building, outstanding amenities, 6 acres on the ocean, location and the icing on the cake: relaxing healthy lifestyle.

Canyon Ranch offers the criteria that so appeals to second home buyers especially those that are commuting from the Tri State New York area, the midwest or even Canada.  I have had several clients call me regretting that they did not buy last year when prices and inventories were more robust.  However, they are buying now while there still are opportunities for them.

 

 

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Recent Sales Activity at One Bal Harbour and Other Luxury Oceanfront Condominiums

August 2, 2010 By

Summer is definitely off season for tourists in South Florida.  Tourists are gone, the hotels and beaches are quiet and traffic is flowing quite well.

However, Oceanfront Condo Sales Activity are not off season.  There has been some serious buying activity going on this summer.  One Bal Harbour, recently had 2 condos go to contract.  Unit 609 Listed at $2,995,000 and Unit 1809 Listed at $3,395,000. Other notable transactions this summer have been the Penthouse at the Jade Beach listed for $11,000.000, The Continuum unit 1804 listed for $8,395,000 and the Penthouse at the Acqualina listed for $5,200,000.

It is expected that this coming fall and winter season Miami Beach and Fort Lauderdale Luxury Oceanfront Condos are going to continue to experience an increase in sales activity.  I believe the summer activity is quite indicative of what is coming this season.  The profile of many of the buyers that I work with are second or third home acquisitions that they plan on using periodically and keeping long term.  There are many investors out in the market as well looking for long term appreciation.

Filed Under: Best of the Best Oceanfront Condos, Buying Real Estate, Continuum South Beach, Fort Lauderdale Oceanfront Condos, Jade Beach- Jade Ocean, Miami Oceanfront Condos, One Bal Harbour Tagged With: , , , , ,