Features and Amenities of Ocean One

By Sunny Isles Real Estate Expert on May 28th, 2016

Ocean One Sunny Isles

Ocean One – http://www.sunnyislesmiamirealestate.com/Sunny-Isles-Beach/Ocean-One/, located at 1933 Collins Ave., is one of the most impressive and elegant towers located in the area of Sunny Isles Beach, and it has plenty to offer those who are thinking about buying. Whether you would like to own one of the tower residences because you want to use it as your new full time home, or you are looking for a vacation home, it could be a good fit. The amenities in the building, as well as the residences themselves, are amazing. Just look at what residents can experience when they choose to live at Ocean One.

Features of the Building

When you are choosing a place to call home, the building amenities are probably very important to you. There are a number of great features in this building that help to make the lives of the residents much easier. For example, they have private high speed elevators that will take you up to your entry foyer. The property also features private beach cabanas and 700 feet of oceanfront you can enjoy. Even better, you can enjoy the area at the private beach club.

There is also an oversized heated swimming pool and spa that is on the beachfront. You can play on two lighted tennis courts and enjoy walking the property, which is a massive 6.3 acres. If you have small children, they can play in the tot lot, and everyone can enjoy the media and multipurpose rooms on site. There are individual storage facilities, covered parking, a mail and package receiving desk, a full time concierge and around the clock security.

As you would expect with any luxury condominium complex, Ocean One also has a health and fitness center. It is located on the fourth floor between the towers. It has all of the equipment you need to staying in shape and for relaxing after a long day.

The Residences

Those who have been looking for luxury will love what the building’s residences offer. They have solid double-wide entry doors, and the units have fantastic views of the surrounding area. The living rooms and balconies are spaces where you will likely want to spend quite a bit of time enjoying the weather and the views. The balconies are accessible from the dining area and the living room.

In the kitchens, you will find European style cabinets, granite countertops, a glass cooktop, as well as a built-in microwave and convection oven. The units also have dishwashers, garbage disposals, and an eat-in breakfast area.

The master bathroom has marble flooring for the wet areas, a marble vanity top, designer faucets, a bidet and a full marble shower. There is also a powder room.

As you can see, there is plenty to love when it comes to this Sunny Isles Beach Building. From the location to the amenities of the building and the features in the residences, it is a good choice for families, couples, and even singles who are looking to live in a beautiful building.


Famous Architect Zaha Hadid Left an Amazing Legacy

By Sunny Isles Real Estate Expert on May 27th, 2016

1000 Museum Miami Zaha Hadid

The world of architecture lost one of its greats at the end of March with the death of Zaha Hadid. Although she had started her own architecture practice in 1980, Hadid achieved notoriety in 1988 when some amazing architecture drawings of hers were shown at New York’s Museum of Modern Art in the groundbreaking “Deconstructivism in Architecture” exhibition curated by Philip Johnson and Mark Wigley. However, her amazing work would eventually come off the page and amaze admirers from all over the world.

Buildings from Another Place and Time

520 West 28th Street NYC

Al Wakrah Stadium | Qatar

Glasgow Riverside Museum of Transport

Guangzhou Opera House | China

London Aquatics Center

Hadid is considered to be a boundary-breaker because of her success as a woman. Despite the fact that many women have pursued architecture, Hadid is largely considered to be the best.

Still, buildings generally don’t betray the gender of their creator and such was the case with Hadid’s. Instead, her buildings looked as though they came from another place and time entirely.
For example, the Al Wakrah Stadium in Qatar looks like it would be right at home in a sci-fi movie. Despite all the steel that went into creating it, the result appears to be something organic, though otherworldly.

Wangjing Soho, located in China, has a futuristic look like something you’d expect to find on the moon or at the bottom of the ocean.

One of her most famous and beloved works was The Heydar Aliyev Center in Azerbaijan. Again, it hardly looks like metal from a distance.

Then there’s MAXXI, the National Museum of the 21st Century Arts in Rome. This building is much more punctuated with angles and cubes. While it doesn’t look as futuristic as some of her other designs, MAXXI is still like nothing you’ve ever seen.

Are Hadid-Designed Properties About to Appreciate?

While it’s very sad to lose such a talented member of the architecture community, some people may see their home values go up because of it. As her buildings were definitely pieces of art, it probably shouldn’t come as much of a surprise that their prices are about to mimic what happens to a portrait when the famous artist who painted it passes away.

Investors who own Hadid-designed buildings may see their value appreciate now that their creator has passed on.

Keep in mind, too, that Hadid had several projects in the works at the time of her death. For example, a condominium she designed is currently being constructed in Manhattan. The fact that 50 West 28th Street has the address it does would be enough to justify the $50 million price tag for its biggest penthouse—at least to some people.

Another massive project currently is being built in Miami – 1000 Museum – www.sunnyislesmiamirealestate.com/Downtown-Miami/1000-Museum/ which is an ultra-luxury condominium currently in pre-construction phase. One Sotheby’s International Realty is the exclusive sales office, please call to learn more about this project – (305) 336-0457.

Certainly, part of its appeal was that it was conceived by the first female winner of the Pritzker Award. Now, though, this is literally one of the last chances many people will ever have to own a piece of her legendary portfolio.

Zaha Hadid was an absolute visionary who created some of the most beautiful buildings imaginable. Although she has passed on, her legacy is spread across the world in monuments that will be enjoyed and admired for generations to come.


Ocean Four Is a Great Place to Call Home

By Sunny Isles Real Estate Expert on May 26th, 2016

Ocean Four Sunny Isles

You love the idea of living in Sunny Isles Beach, a perfect island community. However, you are still looking for the unit that’s right for you and your family. Ocean Four is one of the most popular buildings in the area, and you may be able to find just what you need. There are a number different types of residences within the building. You can find one, two, and three-bedroom units, as well as two-story penthouses. You should be able to find something that will accommodate your needs, whatever they might be. Let’s examine some of the features and amenities residents will enjoy at Ocean Four – click here to view the site and listings.

The Residence Features

Of course, one of the first things you will notice when you start to look at these units is the spectacular view they offer. Units provide views of the ocean and the Intracoastal Waterways. This is just the beginning of what you will experience though. The bathrooms are marbled, and in the master bathroom, you will find a Jacuzzi. The tinted windows are floor-to-ceiling and provide you with the privacy you need while still offering stunning views. They are also energy efficient.

The kitchen has state of the art appliances from KitchenAid, as well as imported Italian cabinetry. Units are prewired for phones and cable television in each of the major rooms. There are separate areas for dining and for formal entertaining. The unit also has a full-size washer and dryer.

The Community and the Building

The residences at Ocean Four are very impressive, but you will appreciate all that the building and the community offer as well. Each of the floors offers just six residences. The three high-speed glass elevators service the floors, so getting to your unit is a breeze. The building offers a heated swimming pool, covered parking, and individual storage lockers and storage for your bike. You will also be able to use the valet service. At Ocean Four, you will also have a card room, putting green, and entertainment center you can utilize.

The health club and spa is another one of the great features residents love. You can work out while looking over the ocean. Get fit on the racquetball court or the squash court, take aerobics, play basketball, swim, and more. The center also has modern fitness equipment of all types to help you get into shape, and you could even choose to work with one of the personal trainers.

The spa and the gym is another great benefit you will find on the grounds. There is also an ocean-side cafe. The beach services offers comfortable chaise lounges, towels and mat service.

If you want to enjoy resort-style living at your home, consider purchasing a unit at Ocean Four. With all of the features and amenities, as well as the different sizes of units, you should find something that will appeal to you.


Bay Harbor Islands Going Under Massive Redevelopment

By Sunny Isles Real Estate Expert on May 24th, 2016

Miami real estate for sale

Bay Harbor Islands – (view website) sits between North Miami to the west and Bal Harbor and Surfside to the east and was once the best place you could visit to see mid-century Miami Modern style architecture—often called MiMo—in the entire country. Recently, though, it’s become clear change is coming.

Some of Miami’s Best Architects

In many ways, Bay Harbor Islands can be seen as a gallery for many of Miami’s best architects. Head to Bay Harbor’s East Island and you’ll find a number of low-slung apartments and condos that were designed by legends like:

• Henry Hohauser
• Morris Lapidus
• Charles McKirahan

They took the art deco style that was so widespread in Miami during the 1930s and pulled it into the MiMo designs that cropped up during the middle of the 20th century.

The famous Bay Harbor Continental, a co-op building in a curvy wedge shape that is anchored by a cylindrical outdoor staircase, was created by McKirahan in 1948. It also features multi-colored glass that dots certain portions of the exterior.

McKirahan is also to thank for the Bay Harbor Club, the two-story V-shaped building located right on the water with great beanpole columns going from the ground all the way to the ceiling. Fans of the TV series Dexter would most likely recognize it as the main character’s home.

Times Are Changing

Although much of this history is worth maintaining, there’s a reason the National Trust for Historic Preservation named East Island to their annual list of their “11 Most Endangered Historic Places” back in 2014.

Many examples of MiMo architecture have already been demolished, though plenty more are awaiting their date with the wrecking ball.

What will this secluded portion of Miami become in its next life?

If current trends are anything to go by, it’s going to transition into boutique living. The area is truly a hidden gem. It offers a great location to anyone who wants to get around the city or hit downtown. Of course, if you want to visit the beach, you’re almost always within walking distance. This means plenty of waterfront views too.

Furthermore, the area benefits from an excellent school district. There are also Bal Harbour Shops nearby to enjoy too.

Its greatest feature, though, may simply be a sense of community. Whereas other areas throughout the city are expansive, Bay Harbor Island’s odd positioning gives it a small town feeling, despite all the big city amenities that are within driving distance.

Although most people who can afford these new developments will definitely have enough money for an automobile, public transportation in Bay Harbor Islands is very accommodating.

There is a free shuttle that runs between 9am and 5pm, Monday through Friday. It makes stops in North Miami, Surfside and other popular locations. There are also public bus routes people can jump on too.

While Bay Harbor Islands definitely had a good run, it’s clear that the time for change has arrived. Hopefully, much of the amazing architecture the area is known for will remain and new examples of Miami’s top talent can find a home as well.

Check out homes for sale in Bay Harbour Islands HERE – www.sunnyislesmiamirealestate.com/Bal-Harbour/Bay-Harbor-Island/ and call our office to set up showing – (305) 336-0457.


Luxury Living at St. Tropez

By Sunny Isles Real Estate Expert on May 23rd, 2016

St. Tropez Sunny Isles

St. Tropez is a collection of three towers in Sunny Isles Beach – see website here. The area is one of the most sought after in Miami, and St. Tropez has the amenities and features to make it a standout among all of the other condo towers in the vicinity. Each of the towers has a very modern and attractive design.

What Does the Property Offer?

St. Tropez has 234 residences that are three-bedrooms with two bathrooms. Even though there are 234 residences, you have to remember that these are spread out across three towers. This means there are only six units on each floor. Those who are looking for privacy will like the fact that there are so few other residents on the floor with them. In addition, there are several penthouses as well as 25 townhomes.

The property also has a beautiful Bayfront pool where you might want to spend some time lounging and soaking up the sunshine. There are also cabanas available, and a sundeck where you can relax. The gardens are beautifully manicured and help to showcase the luxury of the property.

The building features a number of resident services including 24hr valet and security. There is an oversized pool along with an elegant and impressive gallery and lobby. You can talk with the concierge, head out to the private beach club, and enjoy the personal attendants and food and beverage service.

You will also like the onsite gym that features top of the line fitness equipment including weights and cardio machines. There are a number of personal fitness programs you can take part in as well including Pilates, yoga, and even nutritional planning. There are his and hers locker rooms, a steam room and sauna, and a spa and beauty center.

One of the things you will notice immediately is that this is not like living in many other buildings around the country. In Sunny Isles Beach, and at St. Tropez, they know that their residents want to live in luxury. When you live here, you will feel as though you are living at a luxury resort, which is just the way you should always feel when you come home.

Residence Features

There are only six units on a floor, which means the units are very spacious and the rooms tend to be nice and large. You will find Italian wood in the kitchens, as well as beautiful stainless steel appliances that are modern and convenient. The finishes are upscale and beautiful, and you will really enjoy the exotic stone flooring.

The units have floor-to-ceiling windows, as well as wraparound balconies. You will have fantastic views of the water from your unit. The units are prewired for television and data, and the residence has laundry facilities.

If you have always wanted to live in the lap of luxury and feel as though you are in a resort around the clock, then this building is a good option to consider. St. Tropez is a popular building, and it has plenty to offer the discerning resident.


Was the WSJ Right in Predicting a Condo Bust in Miami?

By Sunny Isles Real Estate Expert on May 15th, 2016

Miami real estate for sale

Back in March, Anthony M. Graziano, MAI, CRE was interviewed by the Wall Street Journal. As he is the Senior Managing Director of IRR Miami, it shouldn’t come as much of a surprise that the article was about real estate in South Florida. However, what surprised many was the headline that accompanied the actual piece: “Another Condo Bust Looms in Miami.”

Graziano Responds

Well, as it turns out, no one was more surprised by the headline than Mr. Graziano himself. In his own OpEd, Graziano responded, saying he was “shocked” at how “sensationalized” the headline was.

Until the reporter issues a reply, we’ll never know exactly what they were thinking. As Graziano points out in his OpEd, this definitely isn’t the first time there’s been some kind of disconnect between what a source said or meant and what the reporter put into their piece. Still, in this case, it would seem the latter wildly missed the mark.

It’s also worth noting here that reporters don’t always choose their own headlines, so an editor could actually be the one to blame.

So What’s the Truth?

As any realtor in Miami will tell you, the condo market has definitely slowed considerably. In fact, many projects have been shelved and stopped at various points in their development.
That’s hardly the same thing as predicting a bust in the condo market, though. If you look at the past 12 to 18 months of the market here, you’ll definitely see it slowing down, but there aren’t any sudden drops or any signs that one is just about to happen.

Plenty of Good News

Keep in mind, too, that this slowdown may actually be a good example of developers and investors reacting to the market instead of recklessly pressing forward. That’s how an actual bust could happen.

Instead, shelving certain projects may have had the intended effect of correcting the market’s over-enthusiasm for more condos.

Consider, for example, that 85% of condos currently under construction in the Greater Downtown area of Miami are slated to be finished in 2016 and are already sold.

Furthermore, 7,200 units that are under construction will be delivered over the course of the next three years. In 2006, before an actual bust really did occur, that number was 18,500. Click HERE to view Pre-construction condos in Miami

Over 80% of the condo sales that went through over the past three years were purchased entirely with cash. This speaks to the foreign interest that exists in buying condos here. However, this also means that there won’t be any foreclosures resulting in empty condos long after they’ve been taken off the market.

For his part, Graziano doesn’t see a bust waiting on the horizon. He did, however, advise people to exercise caution and carry out due diligence where new deals are concerned. This is good advice to take no matter what the market is doing.

Until more buyers enter the market, you can probably expect the slowdown to continue throughout Miami, but that’s hardly the same thing as ushering in the crash of an entire industry.


Consider Buying at Trump Royale

By Sunny Isles Real Estate Expert on May 13th, 2016

Trump Royale Sunny Isles

In the world of real estate, the name of Trump is well known, and that branding has helped to make Trump Royale (click here to view the site) one of the most popular and sought after buildings in the Sunny Isles Beach area. However, the continued popularity is not all dependent on the brand. This is the second building on the 11-acre enclave that includes Trump Palace, and this 55-story tower is very impressive in its own right. The building features all of the modern conveniences, and the residents have everything they need. The building amenities, as well as the amenities found in the residences, help to make this a winner of a condo tower.

Features of the Building

When you are choosing a place to live in Sunny Isles Beach, you want a place that exudes luxury and amenities. You will find that Trump Royale has a wealth of elements that help to make it one of the state’s top luxury properties. It’s a stunning building from the two-story lobby entrance to the landscaped grounds and the beautiful 1000 feet of beachfront.

The building has a gatehouse that is attended 24 hours a day to ensure that no one enters without permission. It also has a water activities center that features pools, Jacuzzis, waterfalls, a lagoon, and a bar and grill where you can pick up some snacks and a cool drink.

There is a large spa and fitness center where you and the rest of the family can work to stay in shape and enjoy some relaxation time. You will have access to two floors of multipurpose rooms as well.

Some of the other residential services include concierge service, travel reservations, theater and dining arrangements, secretarial services, chauffer services, room service, in-room massage, and catering. They even offer a babysitting service for those parents who need some time away.

The Residences Offer Great Amenities and Features as Well

Though the building certainly has quite a bit to offer in terms of features, you will be just as impressed by the residences themselves. The floor-to-ceiling windows, as well as the outdoor terraces, provide you with wonderful views of the surrounding area. They are also large enough for entertaining a few friends and having some of your meals outside.

The units have a large washer and dryer, as well as plenty of space for dining. The kitchen features high quality convection ovens, quiet dishwashers that have a recessed control panel, an electric range, and stainless steel refrigerators. They also have slate countertops, and the homes are prewired for smart home technology.

The master suites have large walk-in closets, marble flooring, a Jacuzzi, Italian vanities, and gorgeous fixtures. There is also a his and her vanity area. It has everything that a potential buyer could want.

When you want to live in luxury, Trump Royale is a good place to consider. It is a beautiful building with plenty of amenities that the residents will enjoy, not to mention a fantastic location in Sunny Isles Beach.

Our office – One Sotheby’s International Realty is located directly across from Trump Royale in Sunny Isles Beach. Please visit our office and speak with one of our sales representatives regarding Trump Roayle or any other property.


Buildings Designed by Hadid May Hold Unexpected Value

By Sunny Isles Real Estate Expert on May 11th, 2016

1000 Museum Miami

It’s a well known fact amongst those who collect art that the death of an artist automatically makes their work more valuable. After all, they won’t be making any more of it. As grim as it can be to think about tying someone’s death to an appreciation in value of their work, it turns out that this may also happen in other creative fields as well. For example, the architecture world was shocked recently to learn that Zaha Hadid—a trailblazer and unbelievable talent—had passed away. Does this mean that the buildings she designed are now worth more?

“A Surge in Inquiries”

Keep in mind that not all of Hadid’s work had been finished yet either. She was still hard at work leading up to her death, so there are a number of buildings all over the world that haven’t been completed yet but were designed by the famous architect.

One of these is One Thousand Museum, presented by One Sotheby’s International Realty. Located in Miami—where Hadid kept a residence—One Thousand Museum is a condo building that bears many of Hadid’s hallmarks (if she can be said to have any). It’s a combination of Miami-style glass condos with metal veins running up each side.

At 62 stories high and located right on the beach, the complex was going to get a lot of interest and come at a steep price no matter what. Add Hadid’s name to it and it’s understandable that the price increased a bit more.

However, since Hadid passed away on March 31st, the developers have received a surge of inquiries about the project. It would seem many people either realize this is one of their last chances to own a piece of their favorite architect’s work or—equally likely—investors understand these condos are about to appreciate significantly.

Adding to the potential for One Thousand Museum is that it’s the first high-rise residential building Hadid had done in the Western Hemisphere.

Possible Designs

Furthermore, it’s worth thinking about all the designs Hadid either left behind or which hadn’t even reached the development stage yet. You can bet a lot of those are going to get green lighted now, especially if other buildings she designed show that the public is willing to pay more in the wake of her passing.

Whether or not this will happen in Miami—where the condo industry is sort of slow at the moment—is yet to be seen. However, there is a build going on right now in Manhattan of one of Hadid’s designs, so other areas are definitely paying attention as well.

Commercial Works

Of course, Hadid didn’t just design residential buildings. Her best known works would almost all be commercial buildings like the Riverside Museum in Scotland, Hungerburgbahn in Innsbruck or the Heydar Aliyev Center in Azerbaijan. It will be interesting to see if her death influences any of the owners to sell to a new bidder.

Hadid’s death represented a huge loss to the international architectural community. However, with her passing, it would make sense that her life’s work will now be considerably more valuable.

To get more information on available units, please contact One Sotheby’s International Realty at (305) 336-0457 or click here to view the site – www.sunnyislesmiamirealestate.com/Downtown-Miami/1000-Museum/


Make Muse Your New Home

By Sunny Isles Real Estate Expert on May 9th, 2016

Muse Sunny Isles

Muse Sunny Isles Beach is one of the most exciting buildings to come to Miami in recent years. This project is due to be completed in 2017, and buyers are already clamoring to get into the building. This building rises 47 stories into the sky and will be a true work of art once it is complete. In fact, it will look like a sculpture from Helidon Xhixha, and those who buy homes (see all Muse condos for sale HERE) in the building will meet with the artist to talk about their aesthetic tastes. The artist will then provide a personalized gift for the buyers when they move into the unit. This is not something that you will find with most of the other buildings in Sunny Isles Beach!

What Do the Residences Offer?

Buyers will be able to choose from two types of residence, as well as penthouses. They have two-bedroom and two and a half bathrooms, with a den, which is 2360 square feet, as well as a floor plan that is three bedrooms, three and a half bathrooms, with a media room. This is 3635 square feet. Those who want to have more room could consider one of the penthouses. These are 5995 square feet.

All of the units will be fully furnished. This can be a nice feature for those who do not like the idea of having to outfit an entire home on their own – all of the hard work has been done for them! The ceilings are 11’ high, and the windows are floor-to-ceiling. This helps to make the views even more impressive. Most of the terraces are at least 60’ wide and 38’ deep, which should be plenty of room to entertain if you choose. These outdoor spaces have everything you need including entertainment systems that can stand up to the weather, and summer kitchens. It might be nice to do your cooking outside in the summer so the unit never gets too warm.

The entry doors are 8’ high, and there are private elevators to the residences that utilize biometric technology. The homes have beautiful marble and wood flooring, as well as Italian cabinetry. There is also a midnight bar in the master suite.

Building Amenities to Enjoy

The residences are fantastic, but you will be just as impressed with the features and amenities that the building offers. For example, there is a vanishing edge pool and spa that overlooks the ocean. You can relax at the spa and keep in shape at the onsite fitness center. You can enjoy food and beverage services poolside, and you will love the automated parking system. There is even a breakfast gallery located on the mezzanine level.

If you are looking for modern luxury, Muse in Sunny Isles Beach is a very good option. The building has a modern art feel to it, and the amenities and features include everything you could possibly need for full time resort style living. It’s a beautiful building with great residences, and it is getting to be quite popular with potential buyers.


Art Dealer Larry Gagosian Buys Faena House Unit for $13M

By Sunny Isles Real Estate Expert on May 5th, 2016

Faena Condos For Sale

If you’re remotely familiar with Miami Beach real estate, Faena House needs no introduction. The luxurious condo complex is one of the nicest in the city. The closest thing you can get to an objective ruling on this happened in September of last year when a penthouse went for $60 million, a new Miami record. While the previous record for a condo in Miami-Dade County was $3,342 per square foot, this transaction beat it handily with $4,794. See all available Faena condos for sale HERE.

Therefore, to learn that art dealer Larry Gagosian recently purchased a condo in the building for $12.995 million is suddenly a lot easier to believe. Still, let’s take a look at the details.

Gagosian

For those who aren’t familiar with the man, Larry Gagosian is an Armenian American art dealer and collector. He owns the Gagosian Gallery art galleries which enjoy an international presence. You can find them here in the U.S., but also in Paris, London, Athens, Rome, Hong Kong and Geneva.

The Unit

Gagosian will be laying his head down in unit PH-C of the 18-story Faena House according to Miami-Dade County records. The unit—one of 42 in the entire building—has four bedrooms and six-and-a-half bathrooms.

It’s 4,730 square feet, so Gagosian dropped roughly $2,747 per square foot. He also got a beautiful terrace to take in the view. That’s another 1,516 square feet.

Other Occupants

The new resident will be in good company. As we mentioned above, the building is notable for having the most expensive unit—per square foot—in the entire county, which is saying a lot.
Ken Griffin, a hedge fund manager and billionaire, is the owner of that unit. Still, with an annual salary that’s believed to be about $1.7 billion, the amount actually wasn’t that much (you can bet he owns other properties too).

In fact, Griffin shocked people a second time when he put the penthouse—and another unit in the building he owned—right back on the market. He paid $60 million for both and then listed them for $73 million.

Other extremely wealthy neighbors Gagosian will be seeing in the lobby include British billionaire, industrialist and philanthropist Alex Blavatnik. Lloyd Blankfein, the Chairman and CEO of Goldman Sachs lives there too.

Craig Effron—another hedge fund manager—is also a resident, as well as Mark Rachesky, Chuck Khubani and Jose Fanjul Jr.

If you’re feeling left out, don’t worry. The developer, Alan Faena, has plans to build three more oceanfront towers packed with luxurious condos just like the ones Larry Gagosian bought. Right now, the address for the initial one is 3315 Collins Avenue if you want to get an idea about what $13 million can purchase.

Whether or not Gagosian actually stays in Faena House or if he’s simply another investor will take some time to find out. However, if Griffin’s confidence is anything to go by, the luxurious tower may represent a real money-making opportunity. Worst case scenario, you have a beautiful home in one of the most sought-after buildings in one of the most sought-after markets in the entire world.