Ritz Carlton Sunny Isles For Sale

There’s no better news to a developer than to hear that the units for their new development are selling briskly. That’s just what’s happening with Ritz-Carlton Residences in Sunny Isles Beach, according to Lionheart Capital. They recently announced that the building is now 70% sold.

What Makes Ritz-Carlton Sunny Isles Special?

Located at 15701 Collins Avenue, the building will be a beautiful luxury complex that features 210 luxurious residences. The prices for the properties will vary greatly – between $2 million and $5.2 million. The building will feature a wide range of amenities that will help to make it a truly high class, luxurious place to live.

Ritz-Carlton Residences will include steam rooms, a sauna, spa, medication garden, indoor and outdoor yoga studios, and an onsite day yacht with a captain, and more. If you have your own boat, there are docks available. There will also be a state of the art fitness center that will make it easy to stay in great shape. The building will have 24-hr personalized concierge services, a pet salon suite, valet parking, a dining area, music rooms, a rooftop pool, and other amenities that make it an ideal place to call home. Keep in mind that these are just some of the upcoming features available at the Ritz-Carlton Sunny Isles Residences. They hope to ensure pure luxury for their residents.

Why Are Sales So Great?

In addition to all of the features and amenities mentioned, you will find quite a few other reasons that the sales are so brisk in the area. The demand for property in Sunny Isles Beach is at an all time high, and there seem to be buyers for just about any unit that comes available. While there are still a number of foreign buyers who have an interest in the property, many of the potential buyers in Miami are from the US. Namely, they are coming from the northeastern part of the country.

Many New Yorkers love the area, and the Ritz-Carlton Sunny Isles provides just the type of luxury they want. Buyers from NYC who have an interest in Miami Beach are finding that even the luxury properties are cheaper than options in the northeast. The cost of living is lower as well, and they can buy more for their money.

A number of people want to bring their entire families down with them. There are some great schools in the area, and Sunny Isles Beach can be a great place to raise a family. Others are retirees who are looking for a little slice of heaven. It makes a great place to have a permanent residence, or you can use the property as an investment if you choose.

If you have an interest in one of the units at the Ritz-Carlton Sunny Isles or Ritz-Carlton Miami Beach Residences, you do not want to wait to move on the property. They are very popular and going quickly, as you can see. Look at the different options and features available at the building and see if one of the units currently available will work well for you.

Please call our office today (305) 336-0457.

Setai South Beach

The famous Setai Hotel in Miami recently sold to the Nakash family for a cool $90 million. To understand the significance of the sale, it’s important to learn more about the buyers as well as the hotel.

Who Is the Nakash Family?

While you might not immediately recognize the name, you certainly know the work of the Nakash family. The family started Jordache Enterprises in 1969, the popular clothing company that makes a variety of different types of clothes, including shirts, jeans, and outerwear. The company started small, with just a couple of stores. After their largest store was looted and burned in 1977, they used the insurance money to incorporate their business and start manufacturing jeans. They made some of the most popular jeans in the late 70s and 80s. They are still doing quite well, as evidenced by their latest purchase.

The family paid $90 million to Lehman Brothers Holdings Inc. for the Setai Hotel in South Beach, located at 2001 Collins Avenue. They have some big plans to make the hotel even more impressive than it already is. One of the family representatives called the hotel the “Jewel of Miami”, and said that they plan to improve the level of service and to offer even more luxury to those who stay there.

This is not the only hotel and high profile property that they own in the area. They also own the Versace mansion, now called Casa Casuarina, which they bought in 2013, as well as Hotel Victor.

What Does the Setai Hotel Offer?

The Setai Hotel is a mainstay in the South Florida area. It’s a popular Art Deco hotel that’s been in existence from the 1930s and has grown in size and popularity over the years. In the beginning, it was called the Dempsey Vanderbilt Hotel. Located right next door to the hotel is the residential tower. The high rise luxury hotel and condominium has 38 floors and is one of the tallest buildings in all of Miami Beach. The hotel has a great look and style, and that’s one of the reasons that it is so popular for visitors and residents alike. The hotel includes a 10,000 square foot penthouse that has a rooftop pool and Jacuzzi. In addition, it even has a recording studio, which is something that you do not find in too many buildings in the area.

What Will the Changes Mean?

What does the change in ownership mean? The Nakash family has been involved in real estate holdings for quite some time now. They don’t seem to rock the boat or make large and unwanted changes. Chances are good that the Setai will simply see even more improvements in the coming years. The family seems dedicated to keeping the heart of the hotel the same and simply offering even more services and benefits for those who reside or visit there. It will be exciting to see what types of changes they do bring to the hotel and the area.

Florida real estate for sale

Over the course of 2013, 20% of the sold single family homes in Miami were priced over a million dollars, and this trend of high-priced luxury homes continued through 2014 and into 2015. The demand for luxury homes is still very strong, and there are a couple of reasons for this. For example, since the economy recovered and since the taxes and interest are still favorable for buyers, getting into a new luxury home is a good idea.

More Families Moving to Miami

One of the things that many real estate agents are seeing is an influx of buyers from other countries, such as Brazil and Mexico. While homes in the area have always been popular for people from these nations, the political and financial insecurities in those and other nations are making many with money want to come to Miami – view Miami waterfront homes for sale here.

Many real estate specialists are also seeing a difference in the types of homebuyers who are coming to buy these properties in Miami. Namely, there are many more families with children who are buying homes and moving to South Florida. Many business professionals are taking the plunge and moving to Miami as well, and they are bringing their families with them.

Many from NYC are looking into buying luxury property in Miami as well. Even though the prices for homes in Miami are getting to be higher than they’ve ever been, that’s not any sort of deterrent for those buyers, since the prices are still lower than or on par with those in New York City.

There are not only great homes, but the schools throughout many parts of the area have great reputations. Coral Gables and Key Biscayne, for example, have high quality schools.

Miami Offers More

Miami is quickly becoming a truly global city. They are growing quickly in a number of different areas, including sports and entertainment. There is a thriving culture in the city that’s appealing to many people, and is certainly one of the big draws. Additionally, architects are seeing all of the fantastic opportunities they have to bring their skills to the city and to create some truly unique and opulent homes. These world-renowned architects are creating homes that people really want, and the prices for some of the homes are reaching $3,000 per square foot.

It is currently a good market for both buyers and sellers. There are plenty of people who want to buy in the city, and those who want to sell can certainly find some motivated buyers. The demand increases and the prices will surely increase along with that demand. It’s a good idea for buyers who find a property that they like to act quickly and purchase it before it is gone.

Many areas in South Florida are doing well right now, but one of the best is Sunny Isles. It has a number of condos and towers that have a wide range of luxury homes perfect for many types of buyers. It is a great place to invest and a perfect time to invest.

Florida real estate for sale

A few short years ago, the real estate market was in a substantial amount of trouble. Home prices were dropping, people were unable to buy and to keep up with their mortgages, and it was a bleak time for most. Fortunately, the economy has strengthened, and things have started to change quite a bit for buyers, sellers, and real estate professionals. The prices of homes are going up around the country, and this means that the market is recovering nicely. Some feel that it’s already back to the point before the last storm, and that the additional safety measures in place today will reduce the chance of another crash.

Prices Going Up

When comparing the home prices across the country from November 2013 to November 2014, you can see that there is an increase of 5.5%. This is no small amount, and it’s important to remember that this is just an average of all of the states. In some areas, such as South Florida, the prices are doing even better. Look at the Miami area, for example. Prices are up by about 8% in the same timeframe, and it doesn’t appear as though the price increase will be slowing anytime soon.

It’s important to remember that even though the prices are getting higher and more favorable, things are not quite back to the same levels prior to the recession. For example, Nevada, Florida, Arizona, Rhode Island, and Connecticut still have a long ways to go before they are able to match those previous prices. Still, most experts feel as though the prices will continue to go up for a number of reasons. See Florida real estate here: http://www.sunnyislesmiamirealestate.com/

Buyers from Around the World Want US Property

They feel that any lulls in price increase will only be temporary, and that the prices will keep rising as more and more people start to get into the market to buy homes. There are plenty of domestic buyers who have an interest in the South Florida area, and they are starting to look into new properties. New Yorkers, for example, find that even with the increased prices for Miami homes for sale, the cost is far less than what they would be paying for properties in NYC.

It’s not only domestic buyers who have an interest in purchasing properties in the US though. In fact, there are many buyers from China, South America, Europe, and Russia who have quite a healthy interest in the Miami area, and they are starting to snatch up properties. Some are looking to move to the US, while others are looking for vacation homes. Some are investors. There are many reasons to buy, and this is helping to push the demand for properties in the area.

Even though there is a surplus of properties in some locations, that’s not stopping developers, who know that the demand is continuing to grow. Many new luxury condo towers are going up in Miami all the time and buyers are trying to get in on the action now, before the prices go up even further.

Downtown Miami condos for sale

There’s a rather large and impressive real estate boom in Miami – http://www.sunnyislesmiamirealestate.com/Downtown-Miami/, and it doesn’t show signs of slowing anytime soon. Many buyers from out of town, and from out of the country, are buying in the area, and this interest is only growing as the number of excellent luxury properties in the area continues to grow. However, some still have a bit of a healthy fear about what could happen with the sales.

Opinions Vary About Real Estate

The drop in sales in November is causing some to worry that the cycle is starting to slow down once again. Some fear that the fact that the economies in some foreign nations are weakening could mean that fewer foreign buyers will want to own property in Miami. These real estate experts and developers are taking a cautious and “wait and see” approach to see just what the coming year might hold for the real estate field.

While they do not feel as though it is necessarily the end of sales in the area, they simply worry that it will not be quite as robust as it has been over the past couple of years. There is certainly nothing wrong with being cautious. Yet, others do not have these same trepidations. Richard LeFrak, a developer, feels that the current sales cycle in Miami will not slow down. He feels that the interest rates are still good, and that there is still a substantial amount of consumer confidence. The economy is stronger than it has been in years, and the stock market is doing well.

Even as there has been a slight drop off seen by some developers by foreign buyers, there is an increase in domestic buyers. The main influx of buyers is coming from the northeastern part of the US. Those who live in the expensive city of NY, for example, see the prices in Miami to be more than reasonable. In fact, compared to some of the prices of homes in NYC, they see them as relatively cheap. They also know that when they buy in Miami, they tend to get more for their money. The cost of living is cheaper as well. Many are moving their families down from the northeast to take advantage of everything that Miami can offer, including the great housing opportunities.

What’s happening in the other countries that is causing a slowdown in foreign buyers? The dollar is increasing in value, and this is making it more difficult for some foreign buyers, such as those from Brazil and Argentina, to afford homes in Miami. The low oil prices are devastating many in Russia, and this is causing some potential foreign buyers to rethink their decision to purchase in Miami.

One thing is certain. Everyone has his or her own opinion about the state of real estate in Miami. It’s important to make up your own mind and to watch the changes in the market to get a better sense of everything that’s happening.

Paramount Worldcenter Condos for sale

When you generally think about the features and amenities that someone might want in a luxury home, what typically enters the mind? You generally think about large windows, a spa and fitness center, and perhaps an onsite restaurant. However, here’s something a bit different that’s sure to get some attention, particularly from buyers from Latin America. At Paramount Miami Worldcenter, designed by Daniel Kodsi, there will actually be an outdoor soccer field!

What Does the Tower Offer?

The project is already quite ambitious. It’s a 60-story luxury tower that will feature pools, a running course, tennis course, and more in the outdoor sports complex on the ninth floor. On the same floor will be twelve two-story villas in a Balinese style, as well as water features and additional pools. There will also be a boxing studio and fitness center, and even a “jam room”. In this room, residents can play drums, guitar, piano, and even use the recording studio.

These amenities, especially when you include the soccer field, are unlike what you will find in most condominium complexes across the country, including other luxury complexes in the Miami area. The roof will feature a multistory resort area that includes an indoor lounge. Above this will be a yoga deck and fire pit, along with an outdoor pool. All of these features are unique, and that’s something that the designer is hoping will really bring in the buyers from Latin American and from elsewhere around the world.

The building is not underway quite yet, but sales are starting very soon. The sales center, which will be just as opulent and interesting as the building, will be at 1010 Northeast Second Ave. It’s already a popular building, and has received reservations for more than 10% of the 472 units that will be in the building. The sales team has been working hard to ensure sales, and will continue marketing in areas such as Brazil, Mexico, Colombia, and China in the coming months. They will also market to domestic buyers who are looking for something that’s a bit different.

The development of the tower should be complete sometime in 2018. They are working hard to make sure that the residences are just as interesting as the features in the building. They will have private elevators, access to the mall, which will occupy the third floor, and more. They will have 10-foot high ceilings, outdoor living areas, convertible dens and laundry rooms.

The size of the units varies. They have one-bedroom units with a den and two bathrooms, up to three-bedroom units with a den and four bathrooms. They range in size from 1,300 square feet up to 2,300 square feet. The prices start at just $700,000 and go up to $1.5 million. The villas and the penthouses will go for up to $5 million. It is a great opportunity to buy a property in a truly unique tower that is sure to get quite a bit of attention in the coming years.

For more information or to reserve your unit please visit the site – http://www.sunnyislesmiamirealestate.com/Downtown-Miami/Paramount-Miami-Worldcenter/

Aventura condos for sale

If you’ve been wondering about the prices for condos at Aventura, then you are not alone. It seems that the resale prices for the units are starting to move toward the levels they were at during the height of the real estate boom back in 2006.

Now and Then

In 2014, buyers were paying an average of $255 per square foot for the units they bought at Aventura. They bought more than 1250 condos during the year, with around 105 units selling each month. This is similar to the levels in 2006 when the average price per square foot was $291. People bought fewer condos during the year – just 700 or around 57 a month. After those units hit that top dollar spot at the height of the last real estate cycle, they dropped – as did many condos in the area. The price dropped to around $174 per square foot when the market bottomed out fully in 2010.

However, since that low, things have been climbing back steadily year over year. In 2011, they sold 1,270 units, or 160 monthly, at a price of $175 per square foot. In 2012, they moved 1,360 units, or 114 monthly. These were selling at $198 per square foot. 2013 saw fewer sales at 1,335, or 111 condos a month. However, the price did go up again. It was selling at $243 per square foot. Now, the sales from 2014 were even better. It took some time, but things are now really on the upswing for the condos.

This is great news for those who own condos in Aventura, as well as those who are looking to buy. The price for the units is sure to go up, and the demand is increasing as well. Even though there are a number of new options on the market, with new towers being completed all the time, resale units are important. There is a growing demand for homes in the Miami area.

The State of the Area Today

Currently, Aventura has around ten months of inventory available – http://www.sunnyislesmiamirealestate.com/Aventura/. This generally means that it is a buyer’s market. The ideal number of units to have equals a six month inventory. If there is less than that, it means that it’s a seller’s market. If there are more, as is currently the case, it means that there are more sellers than buyers, making it a buyer’s market. This should certainly be good news for anyone who is considering buying property in the area right now.

Developers are even announcing additional units in the area thanks to the 13 new condo towers that are going up in the coming years. This will add an additional 2,100 units to the area. Given the fact that there are more towers and units available today, it’s remarkable that the prices are still going up. This is a testament to the popularity of the area. Now, it is only a matter of time before the prices actually surpass those of 2006.

Brickell condos for sale

Developers always want to make sure that their units are selling, and they often set up certain benchmarks to help give them an idea of how well they are doing, and to determine what else they might need to do as a means to market their properties better. Reaching 50% sold is considered good and impressive for most. However, there are occasionally condo projects that are able to sell even faster. Look at the newly completed BrickellHouse in Downtown Miami as an example of a property that is selling remarkably well. They’ve actually sold 98% of the 374 units in the 46-story tower.

The developer, Harvey Hernandez, has successful transactions for 366 units, and has been able to bring in more than $157 million. This makes the current average purchase price around $489 per square foot, which is quite impressive. The units in the building varied greatly in price. Some were selling for as little as $150,000, while others were selling for as high as $4.9 million. Currently, there are only eight properties left in the building.

Resale and Renting

Despite the fact that the units are nearly all sold by the developer, there are actually a number of owners in the building who are already looking to sell. Most know that they got their condos at a good price and are seeing the values rise. They are asking for an average of approximately $615 per square foot for the units.

Currently, there are about 60 units on the resale market. This is good news for buyers who are looking for a property in the area, although they may also want to check the prices with the developer to ensure they are getting the best possible deal. In addition to the properties that are up for resale, there are about 20 units available for rent at BrickellHouse. The median rental price for these units is $2,850 per month.

The Success Was Not Certain

While it is easy to say that the building is a success now, that was not always what people thought might happen with BrickellHouse. In the early stages of development, they had some financial issues, including a foreclosure lawsuit for $15.8 million, which they eventually resolved. After the financial troubles were in the past, the developers were able to concentrate on what they do best – building great units.

Will Other Towers Have the Same Success?

One of the big questions on the minds of many in Miami, and those who are considering buying in the area, is whether other towers will have the same success. There are a number of new towers being developed across Miami right now, and this will add thousands of new units to the market. One such example is Brickell City Center – http://www.sunnyislesmiamirealestate.com/Downtown-Miami/Brickell-City-Centre/. Some fear that they will not be able to sell all of these units. However, the market still looks to be quite strong, and there seems to be no lack of interest when it comes to new properties in the area. It’s not certain how long this will last, but there doesn’t seem to be any stopping the love for properties in the Miami area right now.

South Florida real estate

Anyone who has even a slight interest in real estate knows that South Florida is one of the best places to buy and sell currently (website here. The prices for the homes on the market are getting higher, and there seems to be a never ending demand for properties in Miami. Things are really looking up in the area, and that’s great news for anyone who plans to buy or sell in the area. Some interesting new towers are going up, other properties are coming up for sale, and there’s always something new happening in the area. Let’s look at some of the interesting stats in the area.

Closer to Cuba

Even though we are a mere 90 miles from Cuba, for many years, there seemed to have been a near immeasurable distance between the two countries, even though many from Cuba make their home in Miami. However, over the past few months, things have been changing. The United States and Cuba have come closer together both economically and politically. This closeness could mean quite a few changes thanks to the eased travel restrictions. What does this mean? It could mean that the real estate development of Cuba is just around the corner. The next few years will certainly be interesting to see just what happens.

More Units in the Area

People have a thirst for more properties in South Florida. Thankfully, the developers are working hard to meet those needs at every turn. In fact, in 2015, there should be approximately 6,400 new condo units available in South Florida. Of these units, around 5,400 of them will be in Miami. Does this seem like a massively high number? While it might seem high at first, it’s right in line with the demand in the city. More and more people from around the country and around the world are looking for places to buy in Miami. They want everything that the city can offer, and they love the idea of luxury condos just steps from the beach.

Making Travel Easier

Another reason to love what’s happening in Florida right now is the fact that the state is working hard to make travel between areas easier. The All Aboard Florida plan for a passenger rail service is underway. Service doesn’t begin until late 2016, but it is interesting to see just how many more travelers this will bring to and from Orlando to Miami.

More Hotels

In addition to the travel system and the additional condos, there will be 17 new hotels just in the Miami area completed in 2015. This will provide the city with another 2,761 rooms this year alone. Even more hotels are planned for the future, ensuring that the city always has enough rooms for those who are visiting.

Miami is a very exciting area to call home now, and if you are just now thinking about getting property in the area, it’s an ideal time. You will have a wide range of options thanks to all of the choices in this growing and vibrant area.

Fendi Chateau Surfside

Everyone has an interest in the real estate renaissance that is happening in the South Florida region today website here. This is true for buyers who are looking for great units in the area, as well as companies looking to get into development. Individuals and companies from South America, Russia, Europe, and China have great interest in the development of the area. Look at the recent purchase of a Brickell development site by a Beijing company as a perfect example of this. The company paid $74.7 million in cash for the site, and it promises to be an interesting move as we wait to see what they do with the site.

The company, an affiliate of China City Construction and Americahttp://blog.sunnyislesmiamirealestate.com/n Da Tang Group from New York bought the site at 1430 South Miami Avenue. While it is unclear exactly what they will be doing with the 2.39-acre site, chances are that it will be a residential tower or a hotel. The chief executive of American Da Tang Group, Dr. Shanjie Li, said that he felt Miami was a beautiful city that also had a very impressive economy. He was excited by the possibilities that if offers.

This sale was a long time in coming. The former property owners, Cabi, were holding up the sale due to a Chapter 11 bankruptcy. Now that the sale is through and final, it’s only a matter of time to see just what the new investors will be doing with the property.

More Opportunities for Chinese Investors

One of the big reasons that Miami is seeing more Chinese investors is the change to the immigration restrictions. They are now allowing some Chinese individuals to apply for 10-year visas for creating businesses in Miami. Since the construction that will take place at the site will create jobs for the local community, it certainly falls under this purview.

You can expect to see quite a bit more foreign investment in the area, and it covers more than just those who are investing in single properties. Many larger companies are likely to start getting in on the action when it comes to real estate development in the area, both for residential and commercial applications.

This has some great potential for the city, and it could help to improve the overall economy even more. With more buildings and properties going up in the area, it means that there will be greater employment opportunities. It brings in more money to the city and makes it a better place overall.

Keep an Eye Out

While it’s still too early to know exactly what the Chinese affiliate will be doing with the property at 1430 South Miami Avenue, it’s a good idea to keep an eye on what’s happening. It may present some good investment opportunities. If they are building a residential complex, buying property early can sometimes offer some nice savings. Keeping abreast of the changes in the real estate market in Miami is always a good idea.

Content published by Lana Bell

Content published by Lana Bell