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: , , , , , , ,

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: , , , , , ,

Beach Club–Hallandale Beach Oceanfront Condo-Video Tour

April 25, 2010 By

Buyers from all around the world contact Blogsouthflorida when they are interested in South Florida Oceanfront Condos. We at Blogsouthflorida have put together a collection of introductory video tours on the most sought after luxury oceanfront condos in Miami Beach, Fort Lauderdale and Boca Raton. In the coming weeks, we are going to rollout the video for each of the oceanfront condo buildings along the coast..

Below is an introductory video to the Beach Club in Hallandale Beach.

The following links will provide you with active listings information for each Tower:

Beach Club Tower One Condos For Sale

Beach Club Tower Two Condos For Sale

Beach Club Tower Three Condos For Sale

Filed Under: Beach Club Hallandale, Fort Lauderdale Oceanfront Condos Tagged With: , , , , , ,

Prices and Sales Activity at Turnberry Ocean Colony

March 14, 2010 By

How is Turnberry Ocean Colony a Luxury Oceanfront Condo doing?

In 2008, when the realization of a financial crisis was still setting in, real estate prices were all over the place.  There were sellers not budging off all time high prices, there was an influx of short sales and there was an undercurrent of fear. Well a great deal has happened in the past two years.  The large inventory on the market has been reduced and sales have picked up.

There is a recurrent theme with the high end luxury buyers that I work with.  FIrst, they love South Florida want to own a second home here.  Secondly, there is a belief that prices are still attractive and will appreciate in time, and finally the banks are not providing good returns, real estate is a good investment.

I wanted to provide a snapshot of Turnberry Ocean Colony a great example of a luxury oceanfront condo.

Turnberry Ocean Colony in Sunny Isles is one of the truly exclusive high end luxury oceanfront condos along the coast. Turnberry Ocean Colony offers very large  direct oceanfront and flow through units with west views.  Condos are from 2200 square feet for a two bedroom unit to over 3700 sq. ft. for 4 bedrooms with maids quarters.  The service and amenities at Turnberry Ocean Colony are truly exceptional and deserve the “luxury” classification.

In March 2 008, I wrote a profile on Turnberry Ocean Colony .   Let’s take a look at Turnberry Ocean Colony in 2008 compared to sales figures today.

__________________March 2008 _____March 2010______________

Pending sales                    3                           10

Number of Closed Sale    10                          10              (prior 6 month period)

Number of Listings          58                           32

Lowest Sold Price           $492 (Dec.08)   $465 (Oct.09) (prior 6 month period)

What does this all mean?  Inventories are down 46% ! As inventories continue to decline, sellers tend to be firmer on their prices and buyers have less choices. Clearly with such a dramatic increase in pending contracts, sales are picking up. Are there still motivated sellers in the market?  Absolutely!  Is there that pending fear that the luxury market is collapsing? Not so much.

Overall, the performance of the luxury oceanfront condo market is very building specific, however, one fact is consistent…inventories are down.

Filed Under: Best of the Best Oceanfront Condos, Buying Real Estate, Condo Statistics, Miami Oceanfront Condos, Turnberry Ocean Colony Tagged With: , , , , ,

Sonata Beach Club: Developer Price Reductions

October 22, 2009 By

 

Those that follow my posts know that I identify buying opportunities for oceanfront condos.  The oceanfront condos that have proven to be the best buying scenerios have been offered by either motivated sellers or by developers looking to close out their inventory.  In today’s market there are a select number of truly fine buildings that have been finished and offered for sale at the worst possible time.   These new buildings can remain unsold for only a limited time.   Eventually, prices have to reflect today’s market. 

Enter Sonata Beach Club in Pompano Beach.  This is a “boutique building” with only 64 residences.  The largest unit (not counting the penthouse) is 2809 sq.ft. 2 bedrooms plus a den with 3 baths.  The smallest unit is  2497 sq.ft.   These are spacious oceanfront units.  Prices when originally offered were above $1million, averaging $435 per square foot.  Today, these units have been discounted 40%.  A great unit with direct ocean views on a mid to high floor can be had for $800,000, $285 sq.ft.  These are “decorator ready” units that have to be finished out.

For those desiring a large 2 bedroom plus den oceanfront condo in a small building, Sonata Beach is worth a look.

Finished kitchen in a model unit

Model Living Room

Master Bath

 

Living Room Space

Floor Plan of the Mozart

Building Exterior

Filed Under: Buying Real Estate, Deals, Fort Lauderdale Oceanfront Condos, Low Rise Oceanfront Condo, Miami Oceanfront Condos, Uncategorized Tagged With: , , , ,

South Florida Oceanfront Condo-Beach Club Deal Updated 1-17-09

January 14, 2009 By

 

Updated 1-17-09

The mystery is over….Here are the details on the incredible oceanfront condo deal….The Beach Club Tower 1, Hallandale Beach.  Unit 1803 Direct Ocean. 1841 square feet under air, total square footage 2121.  2 bedrooms plus a den.  Bank owned brought on the market at $505,900.  Sold in 5 days!!!!     

Posted Jan 14, 2009….For all those South Florida oceanfront condo hunter’s out there looking for an incredible deal…. it is here. Direct ocean unit over 1800 square feet.  If you are even thinking about it….you have to move quickly !!  Contact us if you would like more information.  I usually do not write posts like this but when I see a “break out” price….well I have to share :)

Filed Under: Buying Real Estate, Deals, Fort Lauderdale Oceanfront Condos, Miami Oceanfront Condos, Palm Beach Oceanfront Condos Tagged With: , , , , , , , ,

New York Times Offers a Perspective on Buying now

December 10, 2008 By

The New York Times, published an article on December 5,  It May Be Time to Think About Buying a House   which offers an interesting perspective on the financial crisis and the housing market.  Following are a few quotes from the article that certainly make you think when you see some of the prices on oceanfront condos in South Florida.

“Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers.  Then, everyone who sat on their down payment savings accounts for a few years too long will kick themselves for not taking advantage of what may turn out to be the buying opportunity of a lifetime for those who can qualify for a mortgage.”

“Unfortunately, we do not know when this golden age will begin, because we will be able to identify a bottom to the housing market only with the benefit of hindsight. But as it does with the stock market, the moment will probably arrive when everyone is feeling the most pessimistic.”

Filed Under: Boca Raton Oceanfront Condos, Buying Real Estate, Fort Lauderdale Oceanfront Condos, Miami Oceanfront Condos Tagged With: , ,

Mei in Miami Beach- Closings Have Begun- Buying Opportunities Anticipated

June 15, 2008 By

Mei- Miami Beach

In today’s market there have been great buying opportunities in luxury oceanfront condos as they go through their completion phase. Buyer’s/investors that bought in several years ago, that do not want to close will offer their units at deeply discounted rates. Furthermore the developer will take back some units that they do not want to keep in inventory and they will price these units aggressively as well. This scenario is exactly what transpired recently at One Bal Harbour and at Canyon Ranch. Timing was exactly right for savvy buyers that took advantage of these opportunities and bought in to magnificent oceanfront condos at very attractive prices.

..

I anticipate that at the Mei, there will be similiar buying opportunities as well.

..

Prices at the Mei Start at the low $700′s. There will only be a total of 134 residences, 8 per floor. with a total of 22 floors.

..

The Mei located at 58th and Collins in Miami Beach is in the premium area of “Millionaire’s Row” . Nearby oceanfront condos include Bath Club, Canyon Ranch, Aqua and the Fountainbleu. Mei is midway between South Beach and Bal Harbour and minutes from the airport expressway.

..
Mei is a contemporary Asian influenced design. Created by the world renowned Hirsch/Bedner team of interior design, creators of the Mandarin Oriental Hotels around the world. Mei’s elegant entrance lobby is complemented by a unique Tea Lounge and Library, as well as the resident’s Spa and Fitness Center which leads to the oceanfront pool.

..

Detailed Information on the Mei In Miami Beach at 5875 Collins Avenue, click here.

mei-shoreline

..

mei-Pool 58th and collins Miami Beach

..

mei-kitchen 58th and collins Miami Beach

..

mei-bath 58th and collins Miami Beach

..

Filed Under: Buying Real Estate, Deals, Mei-Miami Beach, One Bal Harbour, Uncategorized Tagged With: , , , , ,

Lower Penthouse at The Diplomat Residences For Sale

May 25, 2008 By

We visit so many truly beautiful oceanfront condos all along the coast. There are some very unique ultra luxury properties on the market. We were in a really unique penthouse unit today with breathtaking views. The lower penthouse on the 27th floor at the Diplomat Residences and it is available for purchase. It has over 5000 square feet under air and over 7300 square feet in total. The views are spectacular. The balconies are spacious and wide and there is even room to install a lap pool. The entire residence is controlled by an electronic Smart System. This is a sensational residence. Asking price…$3,999,999.

If this is a bit out of your budget, there are many other units being offered at prices comparable or lower than pre-construction prices. Here are the Diplomat Residences Units For Sale

Lower Penthouse Diplomat Residence

..

Lower Penthouse Diplomat Residence Entryway

..

Lower Penthouse Diplomat Residence Entryway

..

Lower Penthouse Diplomat Residence Kitchen

..

Lower Penthouse Diplomat Residence balcony

..

Diplomat Residences Penthouse Views

..

Diplomat Residences Hollywood smart-system-

Filed Under: Best of the Best Oceanfront Condos, Buying Real Estate, Diplomat Oceanfront Residence, Fort Lauderdale Oceanfront Condos, Uncategorized Tagged With: , , ,

Beach Club Hallandale- What Has Sold and Are There Deals?

May 10, 2008 By

For readers that are not familiar with The Beach Club in Hallandale Beach, it consists of three towers Beach Club 1,2 and 3 with a total of 1200 units between the three towers. The Beach Club is an extremely sought after condo for investors and second home buyers for many reasons. The three most outstanding reasons for its popularity are:

  • Location: Minutes from Fort Lauderdale Airport
  • Fantastic Amenities with three pools and full service gym and spa
  • Attraction and ease for seasonal rentals
  • Units with Incredible Views
  • Directly on the Beach

We continually receive inquiries by investors and second home buyers as well as renters interested in this development. All buyers are looking for purchasing opportunities. We wanted to offer some statistical data that will provide an insight to the actual activity at the Beach Club.

Below is a chart providing data on the activity at the Beach Club for the past 6 months.

beach club closed sales and active sales data chart

There are approximately 20% of the units on the market and that seems to be pretty consistent for the Beach Club. For many buildings in today’s market that is not out of the ordinary. Some of the newest buildings are averaging 30% or more.

In the past 6 months there have been 18 units sold. Of the 18 units only one sale was from a bank owned property. The other sales were from sellers with varying degrees of motivation. Sale prices averaged 12% of the asking price. Not surprising, none of the closed sales resulted from short sales.

As we have previously written in our blog, the opportunities are out there NOW. There are savvy buyers out there taking advantage of this buyers market. Although there have only been 18 closed sales in the last 6 months, right now there are 25 pending sales under contract! Activity most definitely is picking up.

Available units for sale at the Beach Club 1

Available units for sale at the Beach Club 2

Available units for sale at the Beach Club 3

Filed Under: Beach Club Hallandale, Buying Real Estate, Condo Statistics, Deals, Fort Lauderdale Oceanfront Condos Tagged With: , , , , ,
« Older Posts