Like many projects that broker ground around 2008 when the mortgage market tightened, the Bellini Williams Island condo project to be build in Aventura was placed on hold. However, the stabilizing economy along with the rising strength of the South Florida real estate market (sales in Aventura alone are up nearly 27% year to date), the project is back underway!
The $100 million, 24-story condominium complex, is scheduled to house 70 luxury units. Each unit will come standard with water views, over-the-top amenities and even a private elevator. Unit pricing will start at $1 million, or $400 per square foot.
Who is an Avenura Luxury Condo Buyer?
While these units will certainly appeal to anyone seeking the best of the best in luxury condominiums in the Aventura areas, the developer believes that the community of buyers will comprised of a significant number of international buyers. This statement would be on point with the recent trend of international buyers calling South Florida a piece of home. While this area isn’t as well known as other South Florida hotspots, like it’s sister property – Bellini Bal Harbour, competitive pricing coupled with a strong market should be enough to get the draw this project is expecting. And while foreign buyers are expected to make their presence known in the area, real estate experts believe that a domestic presence will certainly be seen as well, particularly as inventory has been dropping in the area due to an increase in property sales.
Bellini Williams Island Project Funding……
While many of the units are expected to sell during the pre-construction phase, the builder is assuring buyers and the Miami real estate community that he will not be utilizing the deposit funds to pay for construction costs. In fact, an unnamed private funding source has been secured for the project, giving added confidence to interested buyers. It is important to note that in order to counterbalance some risk associated with pre-construction sales, buyers may be required to place a more substantial down payment deposit to hold their unit, than the 10-20% standard deposit during the pre-recession timeframe. While a common practice among many developers in the industry, financing a project of this magnitude solely in this fashion can present significant financial problems should the economy turn once again, placing stricter limitations on funding availability for developers.
While there is still some level of uncertainty in the marketplace, mostly due to the instability of the investment marketplace, the re-birth of this project which began nearly 3 years ago, is stirring up excitement within the surrounding communities.
For more information about Bellini Williams Island Condos For Sale please contact Lana Bell at 954.560.7802.
Among the luxury condos in Bal Harbour Florida
One Bal Harbour is well known as one of the most luxurious. This towering condominium property has condominiums that range in price from the mid six figures to well into the millions of dollars. For properties in Florida’s luxury market, the sun is starting to shine again. Developers have picked up properties at condominium developments throughout the area and individual buyers are interested in moving in. For owners, this is a good time to consider engaging a real estate agent to list your property, if you’ve been thinking about selling.
As of the last quarter in 2010, there were 42 units for sale at One Bal Harbour Condo. There are several different unit styles at this property, ranging from 2 bed and bath condos to three bed and bath units. The highest price being asked during that quarter was $2.69 million, with a square-foot price of $1,018. While this is above the average for price per square foot in Sunny Isles Beach, that average figure has also been steadily climbing in the past several months. Some of this is due to investor interest. Property developers have been snatching up listings at these properties as the market improves, making available condominium properties scarcer and scarcer.
Part of Bal Harbour One’s appeal
is that it is such an upscale development. Even among the other luxury condominium prices in Bal Harbour, the price is higher than average. In 2010, most luxury condominium properties averaged approximately $511 per square foot of space. At Bal Harbour One condo, residents are asking over $600 on the average, a testament to the level of luxury at this development. Many of the properties were commanding prices well in excess of $1,000 per square foot.
Other statistics show that property owners were averaging over 90% of their asking price per square foot in 2010. For those who are considering listing a luxury condominium on the market, this is obviously a great incentive. Properties such as Bal Harbour One, because they cater to the very affluent, are also not as sensitive to the market in terms of price and demand. The upscale market continues to thrive. There are also unique features of Bal Harbour real estate that make these properties even easier to move.
While southern Florida is a favorite retirement and vacation destination for Americans, it’s also popular with people all over the world. Sunny Isles Beach is renowned for its many residents who hail from other nations, and this means that the real estate market always has an advantage over the general residential market. Luxury buyers are more willing to invest a lot in a property and, with the sort of amenities that are offered at Bal Harbour One, the sell is usually not so difficult for an experienced realtor. The proximity of Collins Avenue, one of the most fashionable streets in the most fashionable part of the Miami-Dade area, is also a huge selling point. There are plenty of places to shop and dine in style in this area.
Miami Beach real estate and Bal Harbour real estate
both been recovering from the aftershocks of 2008. While there were a large number of properties on the market following the crash, this is no longer the case. Even at competing properties, such as nearby Jade Ocean, Jade Beach and others, there are few condominiums on the market. This is, of course, partially due to the amount that have been bought up by property investors. For those considering listing, this all means only one thing: there is interest out there, provided you can reach out to those interested parties.
Over the past couple of years, the median price for One Bal Harbour condominium properties has fallen. This is until the last quarter of 2010, when they started to move upward again. With fewer on the market and more demand, it doesn’t take a sophisticated knowledge of economics to understand the likely performance of prices in the near future. With average prices per square foot on the rise and more interest in buying properties in southern Florida among the luxury demographic, it’s shaping up to be a seller’s market once again.
Selling luxury properties such as those at Bal Harbour takes real skill and experience. If you’re listing, be sure to hire a realtor with experience in this area. The luxury market operates differently than does the regular market. Because of the population of Sunny Isles Beach and the worldwide popularity of the area, it’s also important to deal with a realtor who can get your property in front of the eyes of people around the world. As the market heats up once again and money starts flowing, having a good realtor in your corner is imperative.
Bal Harbour Condos For Sale
are among
top places in the Miami-Dade County area as popular and as affluent as ever is the South East Florida region. The numerous luxury condominium in Bal Harbour are center in this village and are among the most desirable in the area. All Bal Harbour condos represent an incredibly upscale living options. These condominium developments are characterized by tall towers, numerous amenities and extensive grounds. Being that this is Florida real estate, a great many of the Bal Harbor new condos for sale also offer their residents ready access to the beaches which, of course, are among the most significant draws in this area.
This market tends to move fast and it is very exclusive. Each of the various Bal Harbor condo for sale offer their own, unique advantages to their owners. Some of them feature very traditional designs and some are ultra modern. Some follow particular aesthetics, such as those that adhere to Asian design influences, and others are classic Florida beachfront properties. The entirety of these properties offer amenities to their residents, which usually start right when you pass through the entryway. These properties do go out of their way to pamper their guests, and some of the offerings present enormous conveniences.
Some of the condos in Bal Harbour
have services onsite such as spas. The vast majority have swimming pools and fitness centers. Because these are real Bal Harbour homes, and not just vacation stop offs, many of the residents work from their properties. To provide for their needs, residents will find numerous services appropriate for businesspeople at these condominiums. Secretarial services, concierge services, meeting facilities and much more are offered by many of these properties. When the business day is done, many residents retire to the clubs that exist for the use of those who dwell at many of these properties.
Bal Harbour Florida real estate we recommend:
One Bal Harbour 5 star luxury ocean front condo, prices range from $1,2M to over $10M
Bellini Bal Harbour luxury ocean front condominium, prices range from $2,3M to over $7M
Majestic Tower Bal Harbour one of the most desirable condo residence in Bal Harbour, prices range from $1,5M to over $5M
St Regis Bal Harbour brand new, soon to be completed luxury condo hotel residences. Prices range between $1,6M to over $10M.
For more information on Bal Harbour Florida condos for sale please contact us toll free 1-877-368-2318.
Choosing Ocean Front Condo In Miami
or the right property to purchase, when you make the decision to move to the Miami area can depend greatly upon what you are looking for. One of the most popular areas is Bal Harbor real estate for a number of reasons. You may find that Bal Harbor condo is the perfect place to purchase your family’s next condominium.
Known for its family friendly location and a plethora of attractions and entertainment venues, Bal Harbor has become a favored area for new real estate condo purchases. A great number of shopping centers and malls as well as plenty of dining establishments are located in the area so that residents will never lack for activity and options.
If you are considering relocating to the Bal Harbor condo, then consider the selection of condos that are available now. The condos in the area retain a luxurious style in amenities and accommodation, providing buyers with the upper scale living expected of the area.
Because there is a lull in the Miami real estate market due to the low economy, the time is right for buyers to purchase Miami condo that they love. You may be surprised to find that you can afford a condo that has even more to offer since prices are at all time lows.
If you’re on the market to buy Bal Harbor home
look no further. There are great number of condominium options, both brand new and well established as well as single family homes in Bal Harbour on land as well as waterfront. As a resident, you will be able to enjoy luxurious living, family friendly entertainment options, and ocean front views. Additionally, Bal Harbor properties is within minutes of the other areas so that residents can enjoy all of the attractions of the city.
Anyone looking for the perfect place in Florida to relocate will love the Bal Harbour and Miami area. Buyers looking to move their family to the area will love the proximity of Bal Harbor where they will find five star dining, excellent options for shopping, and plenty of beachfront activities.
Most popular ocean front condos include One Bal Harbour, Bellini Condo Bal Harbour, Majestic Tower, The Palace Bal Harbour, The Plaza Bal Harbour, Tiffany Bal Harbour, Balmoral Bal Harbour, Harbour House Bal Harbour and of course soon to be completed St Regis Bal Harbour.
For more available condos for sale in Bal Harbour and Bal Harbour single family homes for sale please visit – Bal Harbour Properties For Sale And Rent.
Bal Harbour real estate
offers a chock-full of luxury condos and luxury resorts. This amazing area is the jetsetter destination that everyone dreams of living in, but very few actually get to. The Bellini Bal Harbour offers you the chance to call the amazing area of Bal Harbour “home”. Situated immediately on the beach, the property provides stunning views of the bay and the Atlantic Ocean.
Every curve and line at the Bellini
is accomplished with contemporary Italian design and flair, using imported Italian materials, such as Verona marble. This incredible property offers you delightful architecture throughout. Beginning with the sumptuous lobby area, you will know that you are in for something truly special. Contemporary Italian leather sofas and recliners dot the lobby, resting atop sumptuous carpets and exquisite marble floors. The rest of the property is just as immaculate.
While the property boasts 24 floors
there are only four units per floor, offering you the most spacious floor plans in the city. Units range from 3,000 square feet to 9,000 square feet and provide the amazing view of the water that you want. You’ll find incredible floor to ceiling windows in every residence, as well as much more. Eat-in kitchens offer granite countertops, state of the art appliances, instant hot water dispensers, wine coolers and recessed lighting.
Every residence at Bellini Bal Harbour, Florida
has a formal foyer entryway, private balconies, 10-foot high ceilings and their own washer and dryer for your convenience. His and hers master baths offer opulent luxury in the form of whirlpool tubs, lavish marble floors, shower and counters, marble bench in the glass enclosed shower, bidets and European style throughout.
In addition, you will enjoy
a full 200 feet of private beach directly in front of the property, giving you the best access to sun and sand. The incredible outdoor heated pool an sundeck are wonderful amenities, while the private, 4,000 square foot fitness center and Spa Vida designed spa offers you fitness and incredibly relaxing benefits. The incredible Italian gardens surrounding the property are ideal for a stroll through the tropical evening or to sit and watch the sun come up over the Atlantic, while sipping a cup of gourmet coffee. The valet parking helps keep your vehicle safe and secure, with indoor parking, while the 24-hour security provides enormous peace of mind. The Bellini Bal Harbour condo is your single best choice for luxury and comfort among Bal Harbour real estate.
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