South Beach Real Estate

New construction projects are taking place at Sunny Isles Beach, and the newest of these is the Jade Signature. This luxury condominium was approved for building in early 2012 and is currently in the preconstruction phase. When completed, this tower will stretch to 55 stories high located right on beachfront property.

The architect for this project is Herzog and De Meuron, who has become well-known for such projects as Birds Nest, located in Beijing; 56 Leonard Street, located in New York City; and Triangle, located in Paris. With these types of projects under their belt, the architects offer experience and expertise for the Sunny Isles project. The interior design for the Jade Signature will be handled by the world-renowned Pierre Yves Rochon.

Jade Signature Sunny Isles – Building Specs

There will be a variety of different condo residences available in the Jade signature. They will be available with the following specs:

• Square footage ranging from 1,400 to 4,600.
• Bedrooms ranging from one to five.
• Penthouses will be available.

Additionally, all units will have an ocean view and private elevators will be available in the lobby. This provides luxury living from the moment that the residents walk in the door.

The Jade Signature condo will include a variety of different amenities. For example, all condos will include 10 foot ceilings. Penthouse ceilings will be vaulted. Additionally, even one bedroom condos will include full sized dens for the best in luxury living.

Sunny Isles Beach Oceanfront Condo Community

The Jade Signature will offer plenty of options in the community as well. Residents will enjoy a variety of amenities available right on the property. While everything is still in the planning phase, some of the amenities proposed include:

• Underground parking for all residents
• A restaurant located right on the beach
• A full service spa on site
• A full sized gym available
• More amenities will be added once the project is finalized

The Jade Signature will be located directly on the beach. This means residents will be able to enjoy breathtaking views. Additionally, they will be able to step out of their door and right onto the sandy beaches of Florida.

Because the condo building is still under preconstruction, all of the details are not yet worked out. Anyone interested in moving to this building will need to watch as further details unfold. They can expect luxury interiors provided in all rooms, spaces, and public areas. They will also be able to expect a wide variety of amenities in their condos as well as in the community itself.

Since the Sunny Isles area of Florida is such a highly regarded place to live, more developers are choosing to build here. There are many projects in the planning phase for the location, but the Jade Signature is definitely worth attention. When this tower is completed, it will offer amazing views, luxury living, and a variety of amenities. With a variety of different unit sizes, it will provide an option for everyone, whether they want a vacation home to enjoy throughout the year or they want a permanent residence to enjoy the beach daily.

In yet another sign that the Miami real estate market

is well on its way to making a comeback, famous, former driver for Formula 1, Eddie Irvine, recently sold his Venetian Islands home for approximately $7 million. Irvine is well-known for his successes during his 4 year stint as a driver for Ferrari. His home was sold to a local developer, who preferred to remain anonymous.

The impeccable property featured 5 bedrooms and 5 ½ bathrooms. It was designed by well-known architect Luis Bosch. According to data found in public records, Irvine purchased the home in June of 2010 for $1.95 million. When asked, the Miami Dade County Property Appraiser’s Office stated that the home had an appraised value of $1.83 million. As aforementioned, similar sales are also being seen in the Sunset Islands as well as other South Beach homes for sale. Another luxury home recently sold for the sum of $20 million. This particular home boasted 7,200 square feet in size, and it featured four bedrooms and four bathrooms. The home was closed on in December of 2012. The owner who sold the home originally purchased it for the sum of $2.15 million in 1991. The home has appreciated, obviously, fairly significantly in value. The sale is one of the single most valuable ones through all of 2012. Another home, also located on Sunset Island, recently sold for $12.9 million.

Sales like these are beginning to occur with more frequency, and if the trend continues, the economic benefits will be seen all over Miami. There is currently hope that other single family home and condo sales will continue to follow suit.

In yet another not such a small sign that the Miami real estate market is on the road to recovery, the average sale price of Miami condos for sale and townhomes rose approximately 30.1% in the fourth quarter this year. The is the first time since 2006 that sales activities have reached this level of interest, according to a recently released news report.

Many homeowners are biding their time before placing their residences on the market, hoping that their homes will recover more of their pre-crisis value before attempting to sell them. Still, the current news comes as a welcome relief. The single-family sector in Miami was the one that showed the most growth in the last quarter. Compared to this time last year, there was a 22.8% increase in sales activity, with the total number of homes sold being 2,028.
Likewise, condo sales activity rose roughly 9%, with the total number of sales amounting to 3,178. According to the same report, the last 3 months of 2012 showed a total number of 5,206 real estate transactions being made.

The buyers and prospects for the housing market in Miami are on the increase once again, particularly since the issues that surrounded the fiscal cliff have been resolved. The prices for Miami real estate for sale properties are steadily increasing, and the increase has been dramatic over the last year. The amount of inventory is decreasing, the days on the market have decreased, and the average prices have increased. So all these factors attribute to a health index of the real estate market in Miami.

Many recent reports have examined the behaviors of coastal communities in and around Miami, from the northern town of Surfside to Pinecrest in the south. Sales in the luxury market comprised approximately the upper 10% of sales across the board. In these coastal communities, the average sale price for a condominium hovered at around $1.18 million. This number represents a 32.6% increase in value compared to the same time last year. As aforementioned, the average, median value for single-family homes increased 30.1%, and the average sales price for a single family home was $1.4 million.

What may be more indicative of the housing market’s recovery is the fact that the market share of distressed properties (of all available inventory) decreased significantly. It fell to roughly 40.2%, which is the smallest share it has held in over 3 years. In terms of the distressed market alone, there was a 12.8% increase in the sale of single-family homes and a 3.4% rise in the sales of distressed condos.

The steps are small, but the signs of improvement are there, and within the next 5 years, it is projected that most homes and condominiums in South Florida will enjoy levels of value that on par with what they had before the economic bubble burst.

A 2,043 sq.ft. condo at Continuum South Beach Miami

has sold for $3.275 million. That translates to $1600 per square foot, one of the highest prices ever. This year, in fact, has been a very good one all around for sales prices for condominium units in the Miami area. According to reports, the record prices have had something of an impact on prices being offered and asked for properties nearby those record-breaking properties. The Continuum unit, for instance, constituted the highest price paid to date for a two-bedroom unit in that particular property.

Record Sale Prices In Miami Beach

Continuum had another record-setting property sale this year, $25 million for a penthouse unit. According to experts, the increase in prices can have an effect on what buyers and sellers might be dealing with in terms of the pricing of nearby units.

The effect is easy to understand. When properties go under contract for such large amounts of money, people start offering and asking for more money for properties located nearby them. This has the effect of lifting up the prices in general, rather along the lines of the old saying “a rising tide lifts all boats”. That rising tide has been a characteristic of Miami real estate over the last few years.

Miami Beach Real Estate Comeback

According to multiple analysts, the Miami real estate market bottomed out years ago. The darkest days, quite simply, are long gone. Since 2009, there has been a consistent increase in the prices of properties throughout the area, including condominiums, single-family homes and other properties. The interest in these properties, to no small extent, has come from foreign investors and from people wanting to move to Miami from other parts of the world. Areas such as downtown Miami have benefited at the same time that very prestigious parts of the city, such as Miami Beach, Collins Avenue and so forth have benefited, as well.

Working the Luxury Real Estate Market

As property becomes more desirable, competition for that property inevitably gets more intense. When you’re dealing with a market where record prices are becoming almost routine, you need to make certain that you are dealing with a Miami realtor who has an in-depth knowledge of that market and who understands how you can take advantage of what it offers you and avoid the pitfalls that it puts in front of you. There are plenty of advantages and pitfalls to contend with, which is why it’s so important to be working with the right real estate professional.

The revitalization of a real estate market is always an exciting thing. Purchasing in such a market is always an exciting prospect. It’s important, however, to understand the trends that are going on in the local economy, the real estate market as it is likely to grow or contract based on the past and present and which areas of the city are the most desirable to buy into. There are many South Beach condos for sale. However, with help of good realtor you will understand all the aspects of finding a good deal.

The news was good all around for property prices and sales in Florida in October of 2012. According to data compiled by and a report released by Florida Realtors, the number of sales of condominiums and townhouses, as well as the number of single-family homes, rose in October of 2012 compared to the same month in 2011. Not only that, the average price climbed in all of those categories, showing performance that had the chief economist for Florida Realtors saying that everything that should be going up is going up and everything that should be coming down is coming down.

The Miami Real Estate Report

For townhouses and condominiums, there were a total of 8,252 units sold in October of 2012. Compared to the same period in 2011, that marks a 16.4 percent increase in sales. There was also good news in terms of pricing. In 2011, the average price for a townhouse or condominium property was 20.2 percent less than it was this year. For those who are considering selling a townhome or condominium, this obviously bodes very well for the amount of money that they will get in the transaction.

Miami Homes For Sale

Single-family homes also performed very well compared to how they performed in 2011. In October of 2012, the median price for a single-family home was $145,000. According to the report, this marks a nine percent increase over the median price in 2011. At the same time, existing single-family homes saw an impressive jump in sales. In October of 2012, there were 17,779 closed sales of such homes. This marks a 25.3 percent increase over the market in October of 2011. Pending sales of single-family homes rose even more significantly. According to the Florida Realtors numbers, there were 56.7 percent more homes that were part of a pending sale in October of 2012 than there were in October of 2011.

Understanding the Numbers

While recovery may not have come to the Florida real estate market quite as quickly as many people would’ve preferred, it has certainly arrived. The increases in sales and pending sales – along with the overall increases in the price of properties – have been slow but steady over recent years. For people looking to sell a property, this means that the once very skewed buyer’s market has leveled out a bit, making it easier to get a good price on an existing property, due to increased demand and the higher prices that come with it.

Because the increase in sales and price has been observed in both single-family homes and townhouses and condominiums, the recovery seems to be rather broad-based. For those looking to purchase a property in Florida, it would seem like a good investment, as property prices have been more or less steadily increasing lately. For those who want to sell off a condominium property, a townhouse property or a single-family home, the fact that sales are happening at the brisker pace comes as very good news, as well, and means that, with the assistance of a good Miami realtor, making a good deal should be entirely feasible.

Every year, millions of people flock to Florida’s beautiful Miami area in order to soak up the sun and decompress while enjoying some of the most beautiful beaches in the world. In fact, Miami is one of the most popular vacation destinations in all of the United States, so it’s not difficult to see why lots of people make it a place they visit regularly.

However, for some people just visiting isn’t enough. They start asking themselves why they can’t just buy an oceanfront Miami Beach condo and enjoy it throughout the year. Some even want to stay in Miami year round and, after a little fact-checking and shopping around – they realize that they absolutely can!

Miami Condos for Sale Are a Sought After Commodity

Those looking to relocate, retire in style, or even simply build a life for themselves in their own little piece of paradise are discovering that a great way to do that is by looking into Miami Beach condos for sale. The condo business is huge in Florida and only expected to continue growing by leaps and bounds into the future. That said, not only is the purchase of a Florida condo a fun way to transfer your life right into the lap of luxury, but it’s a smart financial decision as well.

Ask a Top Miami Real Estate Agent About Your Options

If you’re new to the world of condos and Florida real estate, you might want to enlist the help of a good real estate agent. He or she will be able to show you how to sift through the many options available to you to make sure you’re getting the most possible bang for your buck. There are more options when it comes to Miami condos for sale than you’d otherwise think, so you’ll be glad you have an expert’s help when it comes right down to it.

Prioritize South Beach Miami Condos for Sale that Feature Stellar Amenities

Condo living offers you the very best of all possible worlds. You get to enjoy the security, freedom, and accomplishment of owning your own property. However, you also get to enjoy the conveniences that come with living in a managed community to boot. For instance, plumbing repair, mowing the lawn, shoveling the snow – none of that is you’re problem anymore. You will also get to take advantage of things like access to a pool, fitness facility, and many other options in most cases as well.

The amenities don’t have to stop there though. For instance, if you opt for a truly upscale community such as the Turnberry Ocean Colony, you will get to take advantage of a standard of living that is truly luxurious. Turnberry residents get to take advantage of five-star dining and room service thanks to a stellar in-house chef and restaurant. The Colony also boasts one of the most incredible spa and fitness centers in all of the Miami area. This is in addition to their full calendar of special events, black tie galas, wine tastings, and more. Ask your agent about Turnberry today! It just might turn out to be the best decision you ever made.

Although our calendar year is positively packed with events that call for celebration and commemoration, the beginning of a new year is probably one of the most poignant. New Year’s is the time of year when we all sit back, reflect, and do some serious thinking as to what we want to accomplish by the same time next year. We make solid resolutions and set serious goals in order to ensure that we’ll get where we want to be and we enjoy the process as part of our cultural tradition.

New Year’s Eve is traditionally a day of celebration – a way to ring out the old year and welcome the new one with friends, family, and fun. Naturally, any proper New Year’s Eve requires a party complete with a stellar ambience, delicious food, and a room full of incredible people to pass the time with. It’s our pleasure here at Turnberry Ocean Colony Sunny Isles Beach to give you and yours a New Year’s Eve to remember with our annual bash!

Traditional Black Tie Gala With All the Trimmings

New Year’s Eve at Turnberry Ocean Colony

is New Year’s Eve as it’s truly meant to be – a posh, sophisticated black tie gala the likes of which you’ve never experienced before. That said, we must insist that all of our guests adhere to a strict dress code in order to preserve the feel and integrity of the evening. This means black tie all the way – tuxedos for men and evening gowns or cocktails dresses for women. Show us your most sophisticated looks!

As is the case with any complete black tie event, Turnberry Ocean is proud to present an incredible list of top notch performers. The amazing saxophone player, Andrea Farfan from Tatiana’s Restaurant will be there, as will a world-class DJ and a group of incredible vocalists who will be singing in a Spanish, Russian, and English. That’s in addition to the traditional dancing and grand countdown to-do you’d naturally expect!

Top-Notch Food and Drink

No New Year’s Eve celebration would be complete without a full menu of delicious offerings for the enjoyment of all present. The evening begins with a champagne and caviar reception fit for a king followed by a sumptuous four-course dinner prepared by a five-star chef. Drinks and cocktails will be served throughout the evening to help you ring in the New Year in style.

To find out more about available condos for sale at Turnberry Ocean Colony please call 1.877.368.2318.

Great news from the hotel sector reveals that Miami’s economy is on its way to a strong recovery. Tourism is obviously one of the most important industries in Florida on the whole and it is particularly important to South Beach real estate. The data from The Standard Miami Beach shows that people in the hotel industry will have a very good cause to celebrate.

The Numbers

According to the data, the occupancy rate in Miami hotels rose to 72.6 percent, an increase of 2.6 percent compared to last year. The daily rate jumped 8.3 percent. The data also show that the revenue available per room increase by 11.1 percent.

This has made it a very busy time for Miami hotel proprietors. With people flocking back to South Florida in droves, hotels are filling up and the amount of profit that hotel owners are able to make off their units has increased, as well.

Other Options

Renting a hotel room is obviously not the only way that people come to the Miami area to vacation. Renting and buying South Beach Miami condo is also a popular option and that market has seen growth, as well. The many luxury developments in the South Florida area that offer condominium living have been doing quite well for themselves and, combined with a great deal of interest from foreign investors, sales have been improving since the worst of the real estate market crash years ago.

Among the people who are investing in Miami condos as well as other properties, buying is currently a bigger trend than developing. With interest rates at historic lows and financing coming at some of the cheapest imaginable rates, investors are looking toward purchasing new properties and expanding their portfolios rather than developing properties that they already own.

Other Trends

There have been other trends observed by experts in the Miami real estate market, as well. For instance, living in downtown Miami is becoming a popular option in that particular market has seen a 30 percent decrease in available properties over the last year. While many of the people visiting Miami are clearly checking into a hotel room, many of the people who decide that they want to make Miami their permanent home are looking to move toward the center of the city for convenience and good deals on property.

In the most frequented areas by tourists, hotels will likely see business continued to be brisk and to see the available revenues for many of their rooms increase even more. At the same time, more people seem to be taking an interest in coming to South Florida for a vacation or to invest in property, and that should benefit the entire real estate market, including people who operate hotels and those who have condominiums to sell.

The luxury end of the real estate market in Miami continues to be brisk and to show market improvement over the last few years. Builder confidence has also risen over the last year, potentially leading to new construction becoming common in the area.

Luxury condominiums in South Beach Miami area

are among some of the most expensive properties in United States. Some of these prices, of course, are subject to being reduced depending upon the market and the realtor that you’re working with. Below is our list of the 10 most expensive properties currently being sold in South Beach Miami:

1. Gianni Versace Mansion – is the absolute leader at $5,328 per square foot, with an asking price $125,000,000.
2. Continuum on South Beach – Penthouse 2 – $3,535 per square foot, asking price $39,000,000.
3. Setai Miami – Penthouse VB – $5,065 per square foot, asking price $36,000,000.
3. Continuum South Beach – unit 3903 – $4,253 per square foot, asking price $35,000,000.
4. 1500 Ocean Drive – unit T1 – $2,976 per square foot, asking price $25,000,000.
5. Apogee South Beach – unit 2201 – $3,648 per square foot, asking price $25,000,000.
6. Icon South Beach – Penthouse 1 – $1,795 per square foot, asking price $14,900,000.
7. Continuum Miami Beach – Penthouse 2 – $2,085 per square foot, asking price $14,515,000.
8. Portofino Tower – Penthouse 1 – $2,025 per square foot, asking price $11,500,000.
9. W South Beach – Penthouse 2 – $3,778 per square foot, asking price $10,000,000.
10. Il Villaggio Miami Beach – Unit 808/09 – $1,775 per square foot, asking price $9,000,000.

Buying in the Luxury Market

The South Beach area is one of the most popular for luxury properties. It offers access to some of the most beautiful waterfront property in all of Miami and, in addition to that, it is located in one of the most fashionable areas of the city and one of the most convenient for dining, entertainment and high-end shopping.

South Beach, of course, is not the only luxury market in Miami. Sunny Isles Beach, for instance, is another very popular area to live that has more than its share of impressively priced condominium properties for sale. Some of the most expensive condominium properties in Miami on the whole are located in these areas. Estate properties are also popular options for people who want to live in the more affluent areas of Miami.

Recovery and Prices

The prices for property throughout Miami have generally been going up as the economy and the real estate market both improve. While it is still a buyer’s market, prices have been getting better for owners, as well. There are still discounts to be had, however, and some of the most expensive properties on the market can sometimes be purchased at a significantly discounted price compared to what is initially advertised for those properties.

Purchasing in these areas requires the assistance of a knowledgeable realtor who is familiar with such high-end propertites. Even though Miami’s real estate market is showing signs of a solid recovery, there is still much to know about which areas are the most desirable to purchase in and which areas currently offer the best deals. Some of these can be found in South Beach, in fact, and the right real estate agent can point clients toward options in some of the most desirable condominium developments of all that come at much lower prices than do the truly standout prices in this market.

Call Lana Bell today – 1.954.336.1016 to discuss luxury condos in South Beach area.