Massive Hotel Deal Could Be on the Horizon

By Sunny Isles Real Estate Expert on October 17th, 2016

One Hotel & Homes Miami Beach

The buzz is that 1 Hotel South Beach is currently up for sale, and when it does sell, there is a chance the it could be the most expensive hotel deal the city of Miami has ever seen. It could potentially sell at $1 million per key, and if that were to happen it would be an even bigger deal than the current record, which goes to Ritz Carlton Key Biscayne, which sold for $325 million in 2015. There are 426 keys at 1 Hotel South, so if they really were to sell for a million apiece, it would easily eclipse the sale of the Ritz Carlton Key Biscayne.

While it wasn’t confirmed, most believe that Hodges Ward Elliot, a hotel real estate firm based out of Atlanta, is listing the hotel. However, the details are very scant, and at the time, no one is talking.

Who Could Buy the Hotel?

Naturally, it would take extraordinary wealth to make a purchase this large, and most believe that it would be a foreign buyer. It happens with regularity in the area. In June, Al Rayyan Tourism Investment Company out of Qatar bought Viceroy Miami for $64.5 million.

Since Hodges Ward Elliot is the likely brokerage firm, many have wondered if the buyer is ARTIC, which bought the St. Regis Bal Harbour for more than a million a room in 2014. ARTIC has denied that they are a part of this plan and that they do not have any intent to purchase 1 Hotel.

This doesn’t necessarily mean that it is a foreign investor who will be making the purchase, of course. It just means that some signs are pointing that way, and that there likely going to be quite a few more cases of large foreign investment in the future.

The CEO of Hilton Worldwide recently said that he believes that there will start to be quite a bit more investment in US hotels from Middle Eastern investors. Over the course of the next few decades, he feels that there will assets held by people outside of the country. A prime example is the sale of Marriot International in 2015. It sold for $230 million to the Abu Dhabi Investment Authority.

Other High-Priced Hotel Sales

There have been quite a few other large hotel sales over the past few years as well. In 2014, the Westin Diplomat Resort & Spa fold for $460 million, and the James Royal Palm sold for $278 million in early 2015. Residences at W Fort Lauderdale sold to Related Companies in 2014 for $234 million.

What Does It Mean for the Hotel?

If the sale occurs as most sales do, it isn’t going to mean too much of a difference for the day to day operations of the hotel. Whoever the hotel sells to, it will be interesting to see what happens and how much the final price will be.

Should You Consider Buying at the Blue Diamond?

By Sunny Isles Real Estate Expert on October 10th, 2016

Blue Diamond Miami Beach

The Blue Diamond is one of the most impressive and unique condo towers in the Miami Beach area, and it also happens to be one of the most popular. It is one of a pair of condo towers, each of which has a diamond shaped top, which glows green (on the Green Diamond) and blue (on the Blue Diamond) when the sun goes down. Located on the Golden Mile, the Blue Diamond has many amenities and features that help to make it a standout building. It’s time to look at what the building has to offer to see whether it is a good solution for you and your family.

What Does the Blue Diamond Offer?

The building has double whirlpools, which the residents enjoy. It also has a massive clubhouse that offers around 16,000 square feet of space. There are steam rooms and saunas for men and women, and separate oceanfront pools for kids and adults. The lobby itself is two stories and is impressive in its own right.

The entertainment room and billiards center are also quite popular, as are the lighted tennis courts so you can play in the evening. You can also use the modern fitness center to help you stay in great shape.

One of the nicest features of the building is the fact that there is 500 feet of beach area, which offers cabanas. Having this much beach space right outside of your door is surely one of the biggest reasons that people are interested in the Blue Diamond. However, they are also quite impressed with what is available inside of the units.

What Will You Find in the Residences?

The building has eight different floor plans available, and you can choose from one to three bedrooms. This could be a good place to call home for a single person, a couple, or even those who are starting a family. Depending on the unit, the ceilings are between 9’ and 10’ high. The kitchens have beautiful European cabinetry, and the bathrooms feature marble and Jacuzzi tubs. The residents can also expect to have some nice views from their units.

The units in the Blue Diamond Miami Beach and the building offer plenty. Of course, another one of the factors that helps to make the Blue Diamond such a popular place to live is the location. When you live here, you will find that you are close to just about everything you could want to do in the area. You can get to Miami Beach, the downtown Miami area, Fort Lauderdale, Aventura, Bal Harbour, and more in just minutes. Whether you need to commute for work, you want to find some shopping, food, or entertainment, or you just want to go for a drive, you will love this location.

It is easy to see why people are excited when the Blue Diamond units are on sale. The property has plenty to offer, and it could be the perfect choice for you and your family’s next home.

If you’re looking to purchase a unit at either Blue or Green Diamonds, please contact One Sotheby’s International Realty at (305) 336-0457.

Mosaic Miami Beach Condos Have What You Need

By Sunny Isles Real Estate Expert on October 7th, 2016

Mosaic Miami Beach

South Florida, particularly the Miami Beach area, has a wealth of fantastic properties available. It generally needs something special for a property to stand out among the crowd. Fortunately, Mosaic Miami Beach is one of those properties. It has some fantastic features that help to make this a perfect place to call home.

What Do the Residences Offer?

The interior designs were created by Interiors by Steven G., an award winning company. They have high ceilings, and the penthouses have 10’ ceilings. The layouts are very open, which makes the rooms feel much larger. You will love the gourmet kitchens, along with the full size appliances and cabinets from Miele and Dellacasa. The bathrooms have gorgeous marble floors, as well as large vanity mirrors and luxury finishes.

The residences offer luxury living, and you will find a number of different types of units available including one, two and three-bedroom options. The building has penthouses as well. The size of the units can vary.

What Amenities Are in the Building?

When you are choosing a place to call home, you also want to know what types of benefits and amenities the building will offer. Mosaic Miami Beach offer a 24-hr concierge, as well as 24-hr security. Spend some time with family or friends in the state of the art media room and theater, which you could use as a meeting room if needed. You can make use of the business center, as well as the social rooms and club rooms. They have kitchens, billiards, and ping-pong tables, which can be great for entertaining.

Stay healthy at the fitness facility and grab a drink at the juice bar. The fitness center even has television monitors so you can keep your mind on the TV when working out if you choose. The building also has individual saunas for men and women. The common areas have beautiful original artwork. It is a stunning building inside and outside, and it could be a great place to call home.

You Are Close to Everything

In addition to all of the amenities and features already mentioned, residents will be close to all of the places that they might need to visit. They can get to the downtown area, Fort Lauderdale and the airports relatively quickly. In addition, they are close to La Gorce Island, Collins Ave., Lincoln Road, and more. Whether they want to head out for some shopping, dining, or nightlife, they can do so with ease. You are never far from the places that you want to visit.

You can see why Mosaic Miami Beach condos are so popular today. If you want to live in luxury, and you love the idea of being close to everything, this could be a good fit for you. The units can make wonderful full-time homes, as well as vacation homes. You could even use the homes as an investment property if you choose. Check out the properties that are currently available.

Carillon Miami Beach Is a Complex that Offers Everything You Need

By Sunny Isles Real Estate Expert on October 5th, 2016

Carillon Miami Beach

Carillon, formerly known as Canyon Ranch, is a condo and hotel complex located in North Miami Beach at 6801 Collins Ave. This is actually a massive complex that is made up of three different buildings – the north, center, and south tower. It’s a large community built on six acres that was once the site of the Carillon Hotel. There is a lot to discover about the buildings and the amenities offers at Carillon – see the website here.

What Does Canyon Ranch Offer?

In the community, you will find 151 condo/hotel suites, as well as 467 residences. These residences are comprised of one, two, and three-bedroom units, as well as penthouses. It’s a smoke free area except for in the private residences and certain other designated areas. The community has everything that you need for fine, healthy living.

It has a 60,000 square foot spa, and a fitness center. You can spend your time here relaxing and getting into the best shape of your life. Dine at the Canyon Ranch Conservatory or the Canyon Ranch Café for a quick and healthy meal. It is a beautiful and peaceful place to call home.

Some of the other things you can expect from the building include valet parking, 24-hr security, concierge services, a card room, and a party room with a kitchen. There is also private beach access, so you can enjoy the sand and sun right outside your door. You can also use the food and beverage services to get food and drinks out to the beach or the pool.

If you are like many people, one of the reasons that you want to live in Miami is so you can be close to the water. It doesn’t get much better than having the sand just steps away from your home.

What Do the Units Offer?

The units have some great views. Some will have views of the city, which can be quite impressive, especially at night. Other units will have views of the ocean. They have private and spacious balconies, which can be a great place to spend some time relaxing with a drink or entertaining. The kitchens feature Italian cabinetry as well as granite countertops and Miele appliances. The master bathroom has a whirlpool soaking tub. This could be the perfect place to relax at the end of a long day.

No matter which of the towers you choose, you will find fantastic amenities inside and outside of your unit. It’s a new complex that has plenty to love. Of course, at some point, you are going to have to leave home. Fortunately, the location of the property is ideal. You will find that you are only a short distance from everything that you need. You can get to Miami Beach, the downtown area, and plenty of other locations quickly and easily.

With everything that Canyon Ranch has to offer, there are plenty of reasons why you might want to make it your next residence. From the location to the features in the units to the building amenities, there is plenty to love.

Mei in Miami Beach Offers Plenty to Love

By Sunny Isles Real Estate Expert on September 28th, 2016

Aqua Allison Island for sale

Mei Miami Beachview website here – is a beautiful condo tower that has some very inspired design that has Asian elements and influence, as well as a decidedly modern look. The building is 22 stories high and is a part of the highly exclusive Millionaire’s Row neighborhood. There are some unbelievable amenities at the complex, not to mention the fantastic residences. Let’s look at some of these amenities so you can get a better idea of exactly what the building offers and so you can see whether it might be a good option for you.

What Amenities Does the Building Offer?

In addition to being a stunning looking building, you will find that it has some impressive amenities that help to make it truly outstanding. There is a private lobby, as well as a business center. You can make use of the concierge and the valet, and spend some time relaxing or playing in the clubhouse. You are only a short distance from the beach, and you can make use of the cabanas and the beach club.

Enjoy the multifunction entertainment area, the high-speed elevators, and the tea lounge. The library is a nice place to spend some time when you want some peace and quiet and just want to read The building has smart technology as well, making it truly modern.

You can also spend time at the 4,000 square foot spa and fitness facility. If you like the idea of keeping in shape or getting into better shape, this will surely be one of your favorite areas of the building.

While there are plenty of reasons to love the amenities in the building, you are probably curious about the features in the residences as well. After all, you want to be comfortable in the place you call home.

Why Are the Residences So Great?

There are 135 residential units in the building, and you are able to choose from one to three-bedroom options. The homes all have smart technology that makes it possible to manage all of your home appliances with ease. They have full size stainless steel kitchen appliances, as well as beautiful river rock marble bathroom flooring, performance showers, and gorgeous cabinetry and fittings.
Another of the nice features of Mei Miami Beach is the fact that the units all have large wraparound balconies. These can be a nice place to spend some time enjoying the fresh air and taking in some truly amazing views.

A Location Near Everything

When you live at Mei Miami Beach, you will find that you are close to many of the places you will want to visit whether it is for entertainment or work. You are just a short distance from South Beach, downtown Miami, Ocean Drive, and much more.

You will find plenty to love about Mei Miami Beach. The building amenities, the residences, and the fantastic location make it a great place to call home. Take some time to see what’s available.

Avanti Offers Incredible Townhomes

By Sunny Isles Real Estate Expert on September 26th, 2016

Aqua Allison Island for sale

When most people think about buying real estate in Miami Beach, they immediately start to think about the condominium towers that dominate the skyline. While it is true that there are some truly gorgeous condos in these towers, it is important to remember that they are not the only place that you can call home in the city. Avanti, for example, offers townhomes – click this link to view, which is typically going to mean more space and fewer neighbors. This could offer you the privacy you’ve been looking for. The properties are located on Normandy Isle, and you will notice that the design of these properties is decidedly modern.

What Does the Property Offer?

At Avanti, you will find a lot to love. First, the residences feature oversized windows, which will allow in plenty of natural light. They will also give you some great views of the surrounding area. There is a private rooftop garden terrace, where you can add a spa or a hot tub. They make the perfect spot to retreat to when you need some time away from it all.

Some of the residences are on the waterfront side and others are on the park side. You can have a boat dock, which is fantastic if you have your own watercraft of if you have been thinking about getting a boat of your own. The available docks are actually large enough to accommodate houseboats that are up to 35’ long. The docks also have water and electrical hookups ready to go. The park side residences have great views of Normandy Park. There is also a pool that is just for the use of the residents of Avanti.

The townhomes range in size from 2,800 square feet to 3,600 square feet. They have a two-car garage, and 24-hr security surveillance. Inside of the residences, you will find granite kitchen countertops, custom Italian wood cabinets in the kitchen and the bathroom, as well as marble flooring and countertops in the bathrooms. They have central air, as well as washers and dryers. You will also be happy to know that the windows are hurricane resistant.

If you’ve been looking for a home that can offer you a bit more privacy and that still has plenty of space and amenities, Avanti could be a good solution for you.

A Fantastic Location

One of the other reasons that you might want to consider a townhome at Avanti is the location. When you live here, you will find that you are not only close to the beach, but you are also just a short distance from everything that you could possibly want to do. It takes just a short time to get to places such as Miami Beach and the downtown Miami area. You can go shopping, find great places to dine, and spend some time enjoying all of the things that make this part of the country so great.

With everything that Avanti has to offer, it could be the perfect place for you to call home.

Popularity Grows for Ritz Carlton Residences

By Sunny Isles Real Estate Expert on September 22nd, 2016

Aqua Allison Island for sale

The Ritz Carlton Residences are a preconstruction project that will be going up on Miami Beach – CLICK HERE to view the site. This is going to be a residential only complex, and it will include 111 condo units, as well as 15 private single family villas.

Features of the Ritz Carlton Residences

When you are choosing a place to live, you will want to make sure that the building has some great amenities, naturally. The Ritz Carlton name is synonymous with luxury, and this new project is no exception. The building features a 24-hr concierge, as well as an onsite restaurant. You can enjoy spending some time in the screening room, or in the spa. The beautiful pool, with its waterfalls, is a nice place to spend some time and cool off. You can also spend some time getting healthier at the onside fitness center.

Some of the other benefits of the building include cabanas, yoga studios, a game room, an area to walk the dog, a pet grooming room, facilities to wash your vehicle, a library, pools, and much more.

Wide Range of Floor Plans

Those who choose to buy at the Ritz Carlton Residences in Miami will find that they have a huge range of floor plans from which they can choose. In fact, there are 60 distinct floor plans. You can choose from one, two, three, four, and five-bedroom options. Keep in mind that there are villas available as well. The size of the properties will vary quite a bit as well – from 1,700 square feet to more than 10,000 square feet.

What Do the Residences Offer?

The homes that are available here have a lot of features that help to make them a good buy. They have high ceilings, as well as large terraces and summer kitchens in some of the residences. Cooking outdoors in the summer is always nice, and the terraces are large enough to do some entertaining. They have designer cabinets and fixtures, as well as stone countertops, laundry rooms, hurricane resistant windows, and more. The units will be able to provide true luxury living for you and your family. They have plenty to offer.

The fact that there are also villas available helps to set this project apart from many of the other buildings in the area. There are only going to be 15 of these, and they will likely go very fast, as many people like the added privacy that they can offer, and they may prefer the layout. However, as you can see from the rest of the features and amenities, the condo units are going to be quite impressive as well.

With all that that Ritz Carlton Residences have to offer, it is easy to see why this building is becoming as popular as it is even though it is still in preconstruction. If you like the idea of living in this building, you will want to speak with Lana Bell, one of the top realtor’s in Miami. Lana is with One Sotheby’s International Realty and have achieved top agent in Miami-Dade and Broward counties combined in 2014 and 2015. Please feel free to call Lana at (305) 336-0457.

Living at Aqua on Allison Island

By Sunny Isles Real Estate Expert on September 21st, 2016

Aqua Allison Island for sale

Aqua Allison Island real estate is a small island that’s located between Miami Beach and La Gorce Island, and it has become a popular place to call home. One of the best places to call home on the island is Aqua on Allison Island. This condo community has a lot to love. The design is very eye-catching. It has a definite art deco feel with some brilliant colors.

What Does the Community Offer?

The community has heated pools available for children and adults, as well as a spa. Those who want to keep in shape can do so at the fitness center. You can also walk through the mango and citrus groves, spend some time on the jogging paths, and admire the art installations that have been added to the area.

You can also make use of the private docks. This is very handy for those who own watercraft, and those who want to buy a boat. There is a children’s play center, as well as private garages so you can keep your vehicles safe.

What Do the Residences Offer?

While the community has a lot to love, you are probably wondering just what type of units are available and what they offer. You can expect gorgeous, luxury units that have all of the amenities you could need. Aqua at Allison Island offers wraparound balconies, as well as 10’ ceilings. They also have designer kitchen fixtures and brand name kitchen appliances. There is beautiful wood cabinetry, as well as high end fixtures throughout the units. The units also have whirlpool tubs.

After you spend a long day at work or at play out on the beaches and in the city, you will love coming back home to Aqua. The homes have everything you could possibly need whether you are going to call the place home year round or you are just using it for a vacation property.

Privacy and a Great Location

Other reasons to consider Aqua at Allison Island include the privacy that it offers and the fantastic location. Since you are on an island, it means that it is going to be quite a bit more private and secluded when you compare it to some of the other areas to call home in Miami Beach. This might be just what you and your family want. Of course, since you are still so close to the heart of Miami Beach, you will find that it is just a short drive to all of the great things that you want to see and do.

You can head to Miami Beach, go into downtown Miami, and find plenty of fantastic places to shop and dine. Whether you need to head to Miami or Fort Lauderdale for work or for pleasure, it’s easy to do from Allison Island thanks to the bridge.

If you love the idea of living in Miami Beach, but you’ve always wanted to find a place that has some more privacy and plenty of waterfront, this could be the place for you. Check out all currently available properties on Allison Island here – www.sunnyislesmiamirealestate.com/Miami-Beach/Aqua-Allison-Island/

Total Wealth of Americans Rises Thanks to Housing Values

By Sunny Isles Real Estate Expert on September 19th, 2016

Miami real estate

Over the last year or so, the value of homes in the United State have been on the rise, and this has actually helped to increase the overall wealth of Americans (as a whole) to $88.1 trillion for the first quarter of 2016. This is the highest it has ever been, and when you look at the housing trends, you can see what a difference it has made.

Real Estate Values Up

The residential real estate values in the country climbed to $498 billion in the first quarter of 2016, and this has helped to negate the shakiness that the stock market has seen in those same months. In fact, the overall value of equities in the country during the first quarter dropped by $160 billion, according to a report released by the Federal Reserve.

The power of the real estate market was able to turn around the faltering stock market, and that’s quite impressive given the fact that it was only a few years ago that real estate was in turmoil. Everyone remembers the recession of 2007 and what happened to the housing market. At that time, the housing market lost more than $12 trillion. In 2009, the Americans’ net worth dropped to $44 trillion.

Even though the numbers have not been adjusted for inflation, there has been a substantial amount of growth that has been able to outpace inflation. The increase in home values has helped to boost the wealth of many middle class families across the country.

What Else Has Contributed to the Increased Wealth?

One of the other major factors that has contributed to the rise in Americans’ wealth is the fact that fewer people in the country are taking on debt. They seem to have learned quite a bit from the last recession, and the millennials who are now adults are following the path of the older generations who have learned their lesson.

With good fortune, good investments, and by keeping debt low, it might be possible to keep the wealth of the country high, and hopefully make it rise even more in the coming years.

To view Miami real estate properties for sale please CLICK HERE.

Vector Group’s Howard Lorber Highest Paid CEO in South Florida

By Sunny Isles Real Estate Expert on September 8th, 2016

Star Island Hiami

Many people who live and work in South Florida have good jobs. It helps them to cover the cost of living in the city. After all, there are many luxury properties in and around Miami Beach, so having a good job that pays well is important. However, there are some people in South Florida who make more in a year than most people can imagine. Let’s look at some of the highest paid people who call South Florida home.

Howard Lorber

Howard Lorber is the president and CEO of Vector Group, and in 2015, he was the highest earning CEO in the South Florida area. His overall income was $42.5 million. This was approximately $13 million more than he made in 2014. Most of the increase came in the form of stock awards. His salary for the year was $3.1 million. He had another $28.4 million in stock rewards, as well as pension money, and other options. This is a substantial amount of money, but there are a number of other CEOs in the area who are also doing quite well for themselves.

Scott Scherr

CEO Scott Scherr of Ultimate Software Group Inc., was paid $38.3 million in 2015. His company is responsible for creating and providing web-based software solutions for payroll and for managing workforces. Previously, Scherr was the vice president of operations at Automatic Data Processing Inc.

Frank J. Del Rio

The CEO of Norwegian Cruise Line Holdings Ltd., Frank J. Del Rio, brought home $31.9 million in 2015. The company’s overall market value was $13.35 billion, which is actually far more than Vector Group or Ultimate Software Group’s worth, even though their CEO brought in less in earnings. Still, making nearly $32 million is nothing to scoff at.

Stuart Miller

When it comes to real estate, there were quite a few names on the list of top paid CEOs in the area as well. Stuart Miller, a resident of Star Island – (view Star Island listings), is one of the top earners in the area. He is the CEO of Lennar Corp, and in 2015, he brought in $17.9 million and had a base salary of $1 million. This made him the fourth highest paid CEO in the area.

John Kanas

John Kanas comes in at number 16 on the list of top paid CEOs. He is the CEO of Bank United, and he was paid more than $6 million.

Phillip Frost

Phillip Frost is the CEO of Opko Health, Inc., and he brought in $3.84 million, putting him at number 22 on the list of highest paid CEOs in the South Florida region.
These are some of the top earners in the South Florida region of the state. Each of the CEOs earns a considerable amount of money, and the ones mentioned here are just a handful of the CEO multimillionaires in the region. There’s a reason that one of the most popular places in the city to live is called Millionaire’s Row.