Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. However, for luxury properties like Turnberry Ocean Colony in Sunny Isles Beach, the housing crisis had ended about a year ago.
Statistically the price per foot had increased by $200 per foot in 2011, based on calculations from recorded sales from the MLS (multiple listing system). If you look at Turnberry Colony’s sales history you will see that average price per square foot paid in 2010 was about $585. However, in 2011 it is $724 per square foot.
“Turnberry Ocean Colony is the most desirable luxury oceanfront condo in South Florida”
said Lana Bell, owner and founder of Sunny Realty, the leading real estate company in Miami. “I can testify not just as a realtor, but also as a resident”. Lana had reported that there are several pending deals right now in Turnberry for over $850/foot.
Although the economy is improving the thought of buying a luxury home still causes a bit of panic with most Americans. With the economy in its current state, it’s hard to justify making any luxury purchases, and a condo in Turnberry Ocean Colony would certainly involve luxury. Before you decide it’s still not the right time to make such a leap, you may want to consider a few things. The prices for these condominium units did slip just a bit when the recession began, but this is changing very quickly.
Live in Luxury
The prestige associated with this address comes from several different factors. One of the most impressive features is, of course, the amazing location and the view of the ocean from just about any vantage point in the complex. That means you can see the water from any unit, either from the picture windows or the terraces. You’ll also note that there are many designer touches throughout the property, with unmatched beauty inside the units. The lighting and countertops are all upgraded to the latest trends, and the appliances throughout are the top brands. Gourmet kitchens and spa-like bathrooms await new residents.
The property offers top-notch amenities. You can enjoy the swimming pools, fitness centers, spa, private beach, 5 star restaurant and pool-side cafe, available to residents only as well as top service and security from a well-trained staff. All of this works together to give you the feel of living in a resort at all times. It’s certainly a life that many would love to live, and it’s something you can experience for yourself.
If you are ready to take that leap, we can show you all of the amazing properties available in Turnberry Ocean and help you choose the one that best fits your wants and needs. We’ll also help you through the negotiation process and walk you through to the closing table. You could be the proud new owner of one of the most amazing condo in the world.