By Sunny Isles Real Estate Expert on December 14th, 2012
The Miami preconstruction condo market
is heating up once again and preconstruction condominium properties are always options for people who want to purchase something new in this desirable area. First, we’ll take a look at some of the preconstruction properties available and then give some information on how one goes about getting in on the newest condominium properties in Miami’s market.
We are working with top pre-construction developers in Miami to present the best investment opportunities and developments in the area. Our team consists of experienced experts who are very knowledgeable in real estate investments and preconstruction projects. Today we would like to present top preconstruction opportunities for you in the Miami area:
Located on Sunny Isles Boulevard, this condominium property is slated to have 230 residences in total and in excess of 640 feet of intercostal frontage. An Olympic swimming pool, boat slips and a 4000 square foot spa are only some of the amenities that residents will have available to them at this property. A restaurant and a private beach club are also slated to be available and beach access will be a major draw, to be certain. Prices at this property are slated to start at $650,000 and the property will be completed in 2014. Unit sizes range from 1206 square feet to 1872 square feet.
A luxury condominium property slated to be completed in 2014, prices at Apogee Beach will start at $1,200,000. This property is being developed on 240 feet of beach and, in every unit, you will have oceanfront views. The property will also include a movie theater, a fitness center and housing options that include two-, three- and four-bedroom residences.
The Williams Island is claim to fame as Florida’s Riviera on par with France’s Côte d’Azur and Italy’s Liguria. Nestled just off the Intracoastal Waterway between the mainland and the Atlantic, Williams Island is a private community where Bellini project will rise among existing residences — the last building to grace this urban paradise. It will be a gated community located on the 80-acre island. The yacht owners can dock vessels up to 160 feet long among 106 slips. Full dock master service is provided. Easy access to the Atlantic via Haulover. Slips are available for short-term or annual lease.
All residencies will offer spectacular views on the Intracoastal and the ocean. The residents will be able to enjoy 16 tennis courts, 3 restaurants, 27,000 square foot spa. In addition, each building has its own pool, residents enjoy gathering at a community swim area adjacent to a restaurant.
Collins Avenue is one of the most prestigious locations in all of Miami and this condominium property, planned for completion in 2015, certainly fits right in. In the end, the building will be 33 stories but will have 84 residences in it in total. Prices will start at $1,900,000. The luxury amenities available to residents will include a spa, a wine lounge and a ballroom, a fitness center with ocean views and relaxation terrace. A cigar bar with humidor boxes will also be available at the property.
The Porsche Design Tower will have 57 stories and will be located at 185th Street and Collins Avenue. It will have @ 132 private residences. Most will have a two car garage (four cars also available) in their unit and most will have a private swimming pool on their huge balcony. This will be a partnership with
Gil Dezer of Dezer Development, (who built six oceanfront towers with Donald Trump) and the
Porsche Design Group from Germany.
Exclusively for those with only the most opulent of tastes, the Mansions at Acqualina will fill and pervade all of your senses. From the fresh air, to the sand between your toes and waves crashing along the coastline, living the life of luxury has never been so sweet. Exceeding every expectation ever set out by any builder across the country, the talented international team of both architects and craftsmen has pulled together in an effort to make this delicious enterprise a reality.
Getting In On The Preconstruction Condo
Purchasing a preconstruction condominium requires the assistance of a skilled realtor who can guide you through the process and make certain that you get in on the property that you want. The process starts by sending a letter of intent with an initial deposit, which should be between $10,000 and $15,000. In some cases, a 20 percent deposit may be required with a contract.
At the groundbreaking, an additional 20 percent will be required and the remaining 10 percent will be required before the condominium is completed, making a 50 percent total down payment on the property. The remaining 50 percent of the total cost of the condominium will be due upon closing.
Remember that you are offered a 15-day grace period during which you may decide to cancel your condominium contract for any reason you see fit. Most condominium units purchased in this fashion will require that you install your own flooring and other design elements. If you are interested in purchasing a condominium before it is constructed, talk to a realtor and they will be able to answer any questions you might have.
For more information or to schedule a private consultation, please call Lana Bell at 1.954.336.1016.