Foreign Investments on the Rise Again

By Sunny Isles Real Estate Expert on August 15th, 2016

W Miami Beach

Over the course of the last couple of years, things have been changing in Miami. While it has had a good reputation for being a strong real estate market for residential buyers, some investors, particularly foreign investors, were shy about putting too much investment into the city, as they weren’t sure it was a good idea for the long-term. That’s changing though, as the city has been showing that it is a serious contender when it comes to solid investments that can appreciate in value.

Purchase of the Viceroy Hotel

One of the most recent signs that foreign investment is picking up in the city is the purchase of the former Viceroy Miami hotel by Al Rayyan Tourism Investment Company, a business out of Qatar. They paid $64.5 million for the 148-room hotel. They consider this to be a good purchase, and they believe that Miami is going to keep growing, which will help the value of the building, and their business, grow.

Massive Sale to Sumitomo

Miami is growing considerably. Consider the recent purchase of Miami Tower in the downtown area by Sumitomo Corporation. This Japanese company does not make investments lightly, and they have only a few real estate investments in the United States. Miami Tower was one of those investments, and they paid $220 million. This shows their belief that the city is going to continue to grow and that their investment will pay off.


Another massive purchase comes from ARTIC. In 2014, they bought the St. Regis Bal Harbour for $213 million, which is more than a million per room. This is not their only investment though. They also bought the Brickell Hotel and paid $436,000 per room for the property. They then renamed the property W Miami.

What Are the Companies Looking for When They Buy?

The managing director of ARTIC, Tarek M. El Sayed has said that his company looks for three specific things when they are deciding whether or not they will make an investment. They look at the quality, the location, and the architectural design. It’s quite likely that this is what most other investment companies are looking for as well, and it actually correlates quite well to what individuals are looking for when they buy property.

One of the great things about the designs in Miami is that you don’t have a lot of cookie cutter buildings. There are some truly stunning concepts and building designs throughout the city. Paired with their great location, and the quality of the buildings, it is easy to see why so many investors have been looking toward this city in recent years.

Other Cities Are on the Rise Too

Miami isn’t the only city in the country that is finding more foreign investment opportunities though. The Pebblebrook Hotel Trust, the same company that sold the Viceroy, sold the Redbury Hotel in Los Angeles for $40.9 million and land in Boston for $6 million. They sold everything on the same day and announced the transactions at the same time.

W South Beach – Unmatched Luxury, Exclusive Access, Outstanding Service

By Sunny Isles Real Estate Expert on February 25th, 2016

W South Beach

If you’re planning a trip to South Beach, you want to make the most of your vacation with luxurious service, exclusive access and benefits, spacious living space and prime location. W South Beach – (see website here) is in the heart of where it all happens – a luxurious and top-quality get-away between Collins Avenue and the Atlantic Ocean, just above 22nd Street. Just blocks away from the energetic and exciting offerings of the Lincoln Road Mall, one block from the Bass Museum of Art, and a quick hop from the Miami Beach Convention Center, W South Beach is surrounded by major icons from all of South Beach’s important categories – beachfronts, arts and culture, cuisine, and shopping.

All rooms and suites at W South Beach feature ocean views, private balconies, custom furniture, Grammy-nominee Danny Flinch’s art and photography, full-service kitchenettes, two flat-screen plasma televisions, and much more. Check out some more details on the available options:

The Studios

Choose your preference from W South Beach’s varying studio offerings. The Wonderful Studios are located between floors 1 and 9, and they are perfect for a solo trip or for a pair of travelers. The higher-situated Spectacular Studios feature nine-foot ceilings and spacious designs. W South Beach’s Fabulous Studios offer the top tier of studio luxury, including seemingly infinite space, a private oversized balcony, a whirlpool plunge tub and outdoor rain shower, and much more.

The Suites

Perhaps a suite is more your style? The Fantastic Suites are characterized by vibrancy, with a teal and white scheme uniting the living room, bedroom, full-service kitchenette, and private glass balcony. The Marvelous Suites don’t just include full kitchens, washer & dryers, and panoramic ocean side views; they also come with exclusive VIP benefits, such as complimentary roundtrip airport service, VIP concierge service for a personalized stay in South Beach, guaranteed admission to South Beach’s notoriously exclusive night club WALL, and much more. Find out more about W South Beach’s Sanctuary, Mega, Oasis, Cool Corner and Sensational Suites, including the potential VIP benefits, before making your decision.

The Eats

W South Beach is home of one of Miami’s greatest culinary draws – The Dutch. Drawing inspiration from the casual culinary icons that make Miami Beach what it is – such as seaside shacks, local cafés, and roadside dives – The Dutch integrates refinement and taste with the soul of Miami to provide classic American dishes that get South Beach raving. Chef Andrew Carmellini’s master cuisine has garnered awards and broad renown. His breakfast, lunch, and dinner menus feature choice meat, local produce, and shellfish, capturing the roots of American food. The atmosphere is classic, yet casual – comfortable and beachy, but not without taste. In short, it’s perfect for any occasion. And don’t forget to visit Mr. Chow, which is one of the most important figures in the South Beach culinary scene and has drawn celebrities from across the U.S. and around the world.

The chic and hip experience that you’re going to have at W South Beach will become a highlight of your entire stay. From keyless, smartphone access to your room, to some of the best cuisine in South Beach, to exclusive access both on-site and around SoBe, to a dream room with a breathtaking view. The luxuries, amenities, and benefits of a W South Beach stay are countless.

For more information on currently available condos for sale, rent, sales history and statistics, please visit our website – or call One Sotheby’s International Realty office at (305) 336-0457

Recent Sales on South Beach and the Price Per Square Foot

By Sunny Isles Real Estate Expert on October 2nd, 2010

South Beach Miami Real Estate

South Beach homes for sale

When you are considering buying a home in the South Beach

you are going to want to do some research to find out what the average price is for homes. One of the easiest ways to do that is to compare the average price per square foot of the different properties. Here are some of the most popular properties in the area as well as the average price per square foot. They are in order from highest to lowest. All of the data is from units sold in 2010.

Ten units were recently sold at The Setai Miami Beach

The Setai condos sold for an average of $1,517.28 per square foot. Apogee Miami Beach, another popular property, sold nine units. The average price per square foot at this property was $1,317.74. Twelve units sold at Continuum North for $1,053.44, and four units sold at Il Villaggio Miami Beach for $859.08 per square foot.

Continuum South

had sixteen properties sell with an average square foot price of $769.49. Murano at Portofino had four sold properties at $730.21 per square foot. Mosaic sold five units at $631.59 per square foot, while Murano Grande had eleven properties sell at $556.68.

Seventeen properties sold at ICON South Beach

for $543.99, while Blue Diamond Miami Beach sold twelve units for $470.51 per square foot. The Yacht Club sold sixteen properties at $443.40, and at Bentley Bay, nine condos sold for $412.74 per square foot.

Cosmopolitan South Beach

sold eleven units for $384.58, and Sunset Harbor had fourteen units sell at $346.17 per square foot. Roney Palace had an amazing thirty units sell for $341.87 per square foot, the Floridian had twenty-five condos sell at $317.81 per square foot. Rounding out the list is Wavery, which had eighteen units sell at $307.04 per square foot.

As you can see, there are many different types of properties available in the area, and people with large and small budgets alike should be able to find a great home in South Beach.

South Beach Condos Heat Up Miami Wintertime

By Sunny Isles Real Estate Expert on February 4th, 2010

South Beach Miami Condos For Sale

South Beach Miami Real Estate For Sale

South Beach Miami Real Estate

is known for its brand new high-rise ultra luxurious red hot ocean front condos, hot beaches, hot people and hot weather. While the economic slowdown that marred much of the US has begun to lift, South Beach real estate seems to be leaps and bounds ahead of other national areas. In fact, the South Beach condos are taking the chill off this winter!

What’s going on with the real estate market in South Beach Miami?

A quick glance at some of the area’s sales figures will show you just how quickly things are beginning to sell in the area. For instance, you will find that Art Basel (the annual art show that kicks off the holiday season here) was instrumental in helping to create an atmosphere in which enormous sales were made. Some of these topped $8 million dollars!

While those sales might not be enough to mark a trend, South Beach Miami condos have continued to sell amazingly well. So far, the new year has seen sales increasing throughout the entire area of Miami Beach, including SoFi, South Beach and other neighborhoods.
Continuum Miami, Continuum 2 Miami, Setai Miami, W South Beach, Apogee Miami and many other stunning properties have relatively reasonable prices and are beginning to sell quite fast.

What does that mean for prospective owners? In short, it means that you should hurry. While there are still plenty of properties left, the upward market swing is an indication that prices will soon be going up even more and that you might have a hard time finding the perfect piece of beachfront real estate in Miami if you wait very long. The most prestigious condo units are selling well right now – that indicates an overall upswing is not too far removed. Getting in now is the only way to ensure you are able to beat the crowd and find best South Beach properties for sale.

In the Center of It All With W South Beach Miami

By Sunny Isles Real Estate Expert on May 8th, 2009

 W Miami Beach Hotel & Condos
W South Beach Miami

South Beach Miami

is an amazingly vibrant community, filled with life, music, sight and surf. The area has long been a destination for jetsetters and has garnered a reputation as one of the finest places in the world. If you love life, love to enjoy yourself and long for only the finest things, then there is no other community for you. In addition, W South Beach is your home of choice. This stunning condo property offers tremendous advantages to owners, as well as rising property values (some of the only rising values in the US).

These opulent residences

are ideal for the discerning owner, filled with the designer appliances and fixtures that you demand. If you want luxury, in the heart of the most amazing destination, you’ve found your home. W Miami Beach offers an incredible range of residences, from Ocean Suites to Ocean Residences and even Beach Bungalows for your delight. The penthouses are sheer exultation in amazing architecture and design.

Every residence on property

provides you with stunning amenities. Enjoy the iPod docking station, the plasma TV and the CD player as standard amenities. You will also enjoy amazing furnishings throughout – all residences are fully furnished for your convenience and comfort. High-speed wireless Internet access, digital cable programming, signature bathrobes, slippers and soaking tubs are just a few of the delights you’ll experience here.

Take a step outside the residence

and you will find much more delight, as well. For instance, you will find immediate access to the incredible beaches of the area and the sparkling waters of the Atlantic Ocean and Biscayne Bay. You will also enjoy the simple access to the rest of Miami, where you can indulge in incredible shopping and amazing dining, not to mention the nightlife that abounds.

W South Beach Condo Hotel

is scheduled to open this summer and a very few lucky individuals will call it their home. There are still several units available for sale at preconstruction price. For more information, please contact our South Beach real estate office located on 101 Washington Ave or call toll free today – 1-877-368-2318.

The W South Beach – You’re Home

By Sunny Isles Real Estate Expert on January 20th, 2009

W South Beach Condos For Sale
W South Beach Miami

W Hotels

are famed around the world for their commitment to excellence, their undying devotion to providing both style and substance and for their immaculate accommodations. The W South Beach is no exception. In fact, W South Beach Hotel & Residence offers owners the chance to have the very best accommodations in the heart of South Beach real estate. Making the W Condo your home can be the best thing that you have ever done. You’ll enjoy all the comforts of a luxury hotel and all the benefits of condominium living.

The residences at the W

are different from most South Beach condominiums. They all come fully furnished for your convenience. You will find that the decor and furnishings are both comfortable and sumptuous; award-winning designer Yabu Pushelberg creates dramatic residences with the very best furnishings and décor. You will also have your choice of ocean view residences, penthouses and beach bungalows, giving you the widest possible range of options for your convenience and needs.

All residences at the W

feature incredible glass balconies for your pleasure. You will enjoy some of the best views of the beach and the Atlantic Ocean, right form your balcony. All ceilings exceed 9 feet in height, giving you open, airy rooms that invite you to relax and unwind. The full kitchens offer state of the art appliances and the stylish cabinets and countertops that you expect from a world-renowned design team. Catering kitchens are even available if needed. The flooring consists of luscious hardwood and marble throughout the entire residence, as well.

The bathrooms will stun and amaze

imported marble and porcelain, marble showers and sinks, soaking tubs and many more upgrades are standard in each residence. The luxury bedding for with W South Beach Condo is famed is also standard in every residence. You’ll have the best sleep possible and the most enjoyment from your residence. Enjoy the wireless, high-speed Internet access, as well as the European cabinets in the closets. Two plasma TVs, a CD and DVD player and iPod connectivity are supplied courtesy of the wizards at W, as well, making this one of the best places for your enjoyment in South Beach.

You can also venture

out of your residence for a look at the other amenities. The W Condo Hotel is a 5-star resort and features all the amenities you would expect and some that you might not. Enjoy the immediate beach access, the incredible service and find out why the W South Beach should be your choice.