Beach Club Two Oceanfront Condo With Spectacular Views at the Right Price

November 20, 2012 By

As we have written over the years, when a buyer is looking for spectacular direct ocean views, spacious condominium in a newer building, the best value on a dollar per square foot basis is the Beach Club in Hallandale Beach.

We have  for sale the most sought after floor plan.  Unit 1701 at in Tower Two at the Beach Club.  It is over 2000 square feet 3 bedroom 3 baths.  The footprint of Tower Two is closest to the ocean and this unit is a corner unit with a wrap around balcony.  It is the type of floor plan that when you walk through the doors you say “WOW”.  The entire apartment is floor to ceiling windows.  You feel as if you are on a cruise ship.   The living area is an open floor plan and the bedrooms are spaciously appointed with ample closet space.  The balcony is over 600 square feet and wraps around the corner offering intracoastal as well as oceanfront views.  You can comfortable have several seating areas arranged on this large balcony.  The 17th floor is a desirable mid level floor, not too high up.

It is being offered for$1,099,000 which is $524 per square foot.  How does that compare to other buildings along the coast for a premier unit with direct ocean views?

When comparing oceanfront condominiums, not only does the footprint of the building have to be on the sand but the condominium itself must have a comparable view, and the building has to be approximately the same age. All buildings are not alike and there are differences in the quality of service and level of luxury.  For the sake of this exercise,  we are comparing just the real estate.

Here are some comparisons:

Trump Hollywood- Unit 2101- 2088 square feet asking $1,595,000: $763 per  square foot

Trump Palace in Sunny Isles Unit 4902- 2167 square feet asking $2,074,000: $957 per square foot

Jade Beach in Sunny Isles- Unit 805- 2105 sq.ft. asking $1,950,000: $926 per square foot

Canyon Ranch North Tower- Unit 3201 2436 sq.ft. asking $2,575,000: $1057 per square foot

So in the South Florida oceanfront real estate market today, Beach Club in Hallandale Beach 01 line is a spectacular oceanfront condominium at offered at an attractive price.

 

Filed Under: Beach Club Hallandale Tagged With: , , , , , , ,

Luxury Oceanfront Condominiums in Boca Raton- What is Selling?

September 27, 2011 By

 

 

 

 

 

 

 

 

 

 

 

 

There are a handful of  relatively newer luxury oceanfront condominium in Boca Raton. They are Addison on the Ocean, Aragon, Excelsior, Luxuria, One Thousand Ocean, and Presidential Place. On the west side of A1A is Mizner Grand worthy of inclusion.  The readers of my blog know that I value the word luxury and use it sparingly.

Due to strict building codes in Boca Raton, all the oceanfront condominiums are mid rise buildings averaging 7-10 stories high.  These wonderful properties are mostly boutique style buildings. One Thousand Ocean hosts only 52 residences, Luxuria has 26 residences, Presidential Place has 42, Aragon has 41 and Addison the largest  has 169 residences.  These small intimate buildings offer very large living spaces providing residents spacious homes in a condominium setting.

Both One Thousand Ocean and Excelsior have a handful of developer units left.  Price performance along the South Florida coast, even through the downturn of the market, have consistently been beneficial to buyers of developer units.  I have written about this on many occasions.  Opportunities to buy directly from the developer are limited. Prices today are attractive and inventories are truly dwindling.  The Reiter Group maintains floor plans and current pricing on developer units and they are selling ! Although one of the penthouses at One Thousand Ocean has sold for over $10 million, there is another one still available, asking price $15,250,000. It is over 8700 square feet and truly one of a kind.

The following information will provide some interesting statistics on luxury oceanfront condos that are selling in Boca Raton. The following data is limited to oceanfront condominiums priced over $1 million.

This information is based on the last 6 months.

$47 million in sales of oceanfront condos in Boca Raton
19  Number of closed sales
$10,400,00- The most expensive condo sold was a penthouse unit at One Thousand Ocean unit
6909- The Square footage of the largest condo sold-the above mentioned penthouse at One Thousand Ocean
$1505- The most expensive price per square foot.  Again, the honor goes to One Thousand Ocean
$320- The least expensive price per square foot. The was sold at the Addison. Asking price $1,249,000 over 3000 square feet. Sold for $1,000,000.
27%- The biggest discount off of asking price. The Addison unit 1601. Asking Price $2,199,000 Sold $1,600,000
14- The number of condos that sold at a discount off of asking price of more than 10%
10-The number of condos that sold at a discount off of asking price of more than 15%
38- Number of condos actively listed today with the same criteria

Sales along the coast of South Florida have seen unprecedented sales in the last 12 months.  This is fueled by enormous interest coming from international buyers from around the world. South Florida is the healthiest real estate market in the country.  That being said prices are still, in many situations,  greatly discounted off of pricing highs of 2005-2006. As you can see many of the oceanfront condominiums that sold in Boca Raton sold at very nice discounts off the asking prices.  In the luxury market there are buying opportunities still to be had.

Filed Under: Boca Raton Oceanfront Condos Tagged With: , , , , , , , , ,

Diversity of Oceanfront Living: Look at 5000 Square Foot Condos

December 17, 2010 By

There is a unique market along the coast for ultra large Oceanfront Condos.  I am using 5000 square feet or larger as the designator for this category. If you were looking for an oceanfront condo of this size from Miami to Palm Beach you would find 59 properties to look at.

The largest oceanfront condo is situated in a great location in Fort Lauderdale at the Coconut Grove.  Coconut grove was constructed in 2008 and this unit has never been lived in.  This penthouse is over 11,000 square feet. It was listed on the market in 2009 for $12,000,000. Listing price today $7,995,000 and motivated.

The most expensive oceanfront condo is listed for $30,000,00 and is 7,600 sq.ft.  It is in Fisher Island.  It is offered completely turnkey with an extensive collection of artwork,  fine furniture and state of the art electronic detailing all done in old world elegance.

If Miami Beach is more your style, there is a 6200 squarefoot penthouse at the Setai.  Spectacularly finished with breathtaking views from the 40th floor. Asking Price $27 million.

On the other end of the price spectrum,  there are a few 5000 sq.ft. oceanfront condos listed under $2 million. An interesting unit  is an eclectically finished residence at Point of Americas in Fort Lauderdale, built in 1972. Over 5800 square feet with direct views of the non stop boat activity in the inlet, including the major ships coming in and out of Port Everglades.

So do these huge properties sell?   In November of this year a 5200 sq.ft. unit at Bal Harbour Tower sold for $2.2million and in November of this year a 5700 square foot penthouse at the Acqualina in Sunny Isles  sold for $4,800,000.  There is a unit under contract at the Diplomat Residences in Hollywood,  professionally decorated on the 26th floor. Asking price $2,999,000.

The inventory of South Florida oceanfront condominiums is very diverse. Looking at condominiums with any specific criteria we see grand old buildings built in the 70′s to the newest state of the art condominiums, from small 2 bedroom units to ultra large open spaces and in all prices.  That is the South Florida Oceanfront Condominium profile.  All of the above.

Filed Under: Acqualina, Best of the Best Oceanfront Condos, Buying Real Estate, Coconut Grove, Diplomat Oceanfront Residence, Fort Lauderdale Oceanfront Condos, Miami Oceanfront Condos, Setai South Beach Tagged With: , , , , , ,

Oceanfront Townhomes at the Beach Club- Living Very Large !

February 8, 2009 By

 

  

 Where can you buy over 4000 square feet of luxury living space, inches from the beach, finished with the same fine finishings as the Apogee, for less than $600 square foot?  In  a place you would never think to look…. at the Beach Club.  The Beach Club consists of 3 oceanfront towers in Hallandale Beach.  The Beach Club has long been sold out by the developer except for 3 incredible townhomes that were released after the building was sold out and have recently been reduced.   The Beach Club Townhomes are an extremely unique large living space.   

Townhome A    and   Townhome B    are each  4020 square feet and are situated directly on the ocean.  You can’t get any closer the ocean than these townhomes.  You are literally ” on the sand !”   The two Beach Club townhomes are two stories high offering about 2000 square feet per floor.  They have 4 bedrooms 4 and one half baths.  Townhome B has been finished out, decorated and is being sold furnished. Townhome C is a one story 2 bedroom plus den with a huge patio, 2926 square feet.

The townhomes have their own private entrance with valet parking.  The three townhomes share a private beautifully decorated lobby that is probably over 4000 square feet as well.  There is also an elevator that takes you directly to the gym and pool deck.

 

This is a very unique living opportunity for someone that is looking for very large living space directly on the ocean.   TheBeach Club  townhomes feel like a private home on the ocean.    

Townhome A is being offered for $2,000,000.  Townhome B is being offered for $2,250,000 and Townhome C is being offered for $1,500,000.  

Do you need over 10,000 square feet of living space?   There is the option of breaking through the walls and connecting the townhomes. So imagine if you needed a very large space, you could break through and have over 10,000 square feet on the ocean with your own private lobby !


Filed Under: Amazing Views, Beach Club Hallandale, Fort Lauderdale Oceanfront Condos, Low Rise Oceanfront Condo Tagged With: , , ,