New Projects for High Rise Condos In Miami Are In the Works

By Sunny Isles Real Estate Expert on March 5th, 2013

Fisher Island Real Estate For Sale

Pre Construction Condos Miami

In separate deals, two realtors have current plans to propose the construction of new high rise condos in Miami Beach. These two locations would be named Residences at the Miami Beach Edition and Deauville Hotel Beach Resort. Together, the two proposed developments would boast 440 units. This would bring the total amount of proposed unit developments to 13,315 since 2007, when the housing market bubble first burst.

In the 5 years since the market first crashed, one new tower has been constructed, and 12 high rises are currently in the construction phase. For the Miami Beach pre construction projects, the Residences at Miami Beach Edition would call for an 11 story tower to be built, with 26 of its units being designated as part of a resort complex. On the 4.2 acre site, there would be plans for at least 3 towers to be built.

In June of 2010, the developer of this project purchased what was formerly known as the Seville Hotel for approximately $57.5 million. The Seville Hotel was originally constructed in 1955. Prior to the housing market crash, the hotel was going to be revamped and reopened as resort under the Ritz Carlton flag.
To the north of Miami, on one of its barrier islands, building proposals for a 20 story high rise with an estimated 412 units are currently in production. The developer of this project is Deauville Associates LLC. They are currently seeking approval from the government to build this new high rise tower. Prior to this, they have sought and received approval to build a tower that would hold 150 condo units, but this new, more ambitious project has replaced the old one. Approval for the project will take several months to seek out.

Since 2003, approximately 49,000 new units have been created in South Florida. Of these numbers, 94% have been purchased by foreign investors. While there are currently many new plans in place, if approved, most of these new projects are not scheduled for completion until 2014. This is the projected date for when the last of the unsold units from the prior Miami real estate boom will be sold. As of right now, it is not clear how these proposed towers will be built. Obtaining construction financing has never been more challenging for developers, and there is the uncertainty principle regarding who exactly will purchase them.

In an effort to surmount future financing problems, developers of these new high rises are requiring prospective buyers to pay deposits, some as high as 80% of the unit’s price, in phases. By comparison, before 2006, developers were only requiring deposits of 20% from buyers. Real estate agents and firms will certainly be casting an eye towards these new developments with baited breath. The Miami housing market is only just now beginning to show signs of recovery from the previous economic depression, and if the market were to become oversaturated with new housing again, it could spell potential disaster.

The Villas of Positano Hollywood Florida – Living the Good Life

By Sunny Isles Real Estate Expert on August 25th, 2008

Villas Of Positano For Sale
Villas Positano Hollywood

Your search for a luxury Hollywood Florida home

in the best location is over. Hollywood Beach, Florida, is one of the top destinations in the US for discerning owners concerned about luxury, location and enjoyment. With the Villas of Positano, Hollywood you are assured the best living possible. Luxurious, opulent and convenient, this property gives you the best of all worlds and the best way to live in the style you demand. Villas of Positano is located only minutes from the wonderful Boardwalk in Hollywood Beach, you will find bike paths, jogging paths, quaint shops, fine dining, cozy cafes and stunning views of the Atlantic Ocean.

Designed with a classic Tuscan theme

that offers Mediterranean style and comfort, the property is immaculate and beautiful. The red tiled room, columned balconies, tiled pool and deck area, as well as the residences, all feature Old World charm and grandeur. Every residence on property features the amenities that you need to live in the lap of luxury. 9-foot high ceilings, individual security systems, top home automation systems, washer and dryer in each residence, modern wiring and cabling for high-speed Internet access and data transfer and much more are found in every residence.

In addition, Villas of Positano condo offers

spacious walk in closets in each bedroom, Italian marble vanities, whirlpool tubs for at-home relaxation, state of the art Kohler fixtures, marble showers, granite kitchen countertops, Italian wood designer cabinets, luxury coffee systems, fully furnished kitchens, complete with Sub-Zero refrigerators, convection ovens and microwaves and more. The stovetop measures an impressive 48 inches, while the granite countertops can be changed for deco tile if you prefer.

The Villas of Positano also features

the amenities you need for fun and enjoyment in the wonderful outdoors. The poolside cabanas offer you private baths, sitting areas with armchairs and immediate access to the stunning swimming pool and whirlpool, as well as to the beach. In addition, the property features two single-family homes on the Intracoastal Waterway with their own boat slips. Slips can accommodate up to a 100-foot yacht for your convenience and enjoyment. Derek Vander Ploeg has meticulously designed every aspect of the grounds, the residences and the amenities for your enjoyment and relaxation. Enjoy the best of luxury, as well as the access to the area that you demand with this incredible property. Prices start in the $1 million range and ensure you the very best life possible on the sunny shores of Florida.