By Sunny Isles Real Estate Expert on December 16th, 2011
Next year the Acqualina Condo in Sunny Isles Beach
will launch a residential spinoff of a new ultra-luxury 46-story luxury condo tower Mansions at Acqualina, set on 6.75 acres of beachfront lot in Sunny Isles, next to Acqualina Condo & Resort. The project will offer 79 exclusive oceanfront villas, all directly facing the ocean, topped by a $40 million, 16,000 square foot penthouse. This will be the first penthouse of a kind and size in Sunny Isles.
The Trump Group (not to be confused with Donald Trump) – a South Florida developer is proposing a new 46-story luxury condo tower immediately south of the existing Acqualina Ocean Residences & Resort condo at 17885 Collins Ave. and is slated to be constructed at 17749 Collins Ave. in Northeast Miami-Dade County, according to an application filed with the city of Sunny Isles Beach.
The proposed Mansion at Acqualina
with nearly 427,000 square feet of luxury residential condos is scheduled to be discussed at upcoming city of Sunny Isles Beach zoning hearing on Dec. 22, 2011, according to a public notice advertised in the Miami Herald.
Developed in 2006, the original Acqualina condo project is a 50-story tower with 247 residential units that sold out for more than $290 million in June 2009. The newly proposed Mansions at Acqualina is one of the four condo towers planned for Sunny Isles Beach, according to recent issues of the Market Intelligence Report.
Overall, developers are proposing 20 new towers with more than 4,000 units near the coast in the tricounty South Florida region. In addition to the four proposed towers in Sunny Isles Beach, developers are planning 10 new towers in Greater Downtown Miami, two new towers in Miami Beach, two new towers in Downtown West Palm Beach, one project in the Miami-Dade County city of Aventura, and one project on the sand in the city of Hollywood in Southeast Broward County.
Sunny Isles Beach is a 40-block stretch from the city of Golden Beach boundary south to Haulover Beach Park, Biscayne Bay east to the Atlantic Ocean. Sunny Isles Beach is divided up into three neighborhoods separated by causeways: North, Central, and South. As of Dec. 12, 2011, there are nearly 375 new Sunny Isles Beach units – created since 2003 – on the resale market at a median asking price of $515 per square foot, according to an analysis by the licensed Florida real estate brokerage Sunny Realty™.