Take a Virtual Drive at Estates At Aqualina Sunny Isles with the F1 Simulator

By Sunny Isles Real Estate Expert on February 11th, 2016

Estates at Acqualina Sunny Isles

When it comes to luxe condo towers, there are few things you cannot find. For example, in New York, you can find an “ice room,” where it actually snows inside, as well an apartment with a view of Carnegie Hall where the music has been piped into the water, allowing swimmers to hear it even when underwater. However, New York is not the only place where you can enjoy over-the-top, yet impressive, amenities.

Upscale Amenities for Upscale Living

At the amenities villa, which is part of the Estates at Acqualina – see site here, in Florida, a Formula 1 simulator has been installed that has a price tag that tops some houses. At an acquisition cost of $140,000, this simulator will not be available for use by villa residents until the third quarter of 2019, when the building is projected to be completed.

With this simulator, buyers into the Estates at Acqualina can drive any F1 race car in the entire world. CXC Simulation materialized this simulator, which allows users to choose a Formula 1 racetrack from around the world, as well as the car they want to drive. This is a unique experience that is (currently) not offered to the general public.

Other Impressive Amenities at Sunny Isles Tower

This simulator will be housed in the 45,000 square foot building that is going to have a number of other amenities, as well, such as a kid’s playroom, billiard room, movie theater, golf simulator, bowling area and indoor ice skating rink. It will also feature a Wall Street trader’s club room. The villas found in the Miami Beach area are more than posh, they are designed to attract the elite who are looking for all the best in where they call home.

The entire Villa Acqualina project encompasses 5.6 acres and has about $450 million is sales currently, with a sellout price of $1.8 billion. With the building not being scheduled for completion until 2019, the current sales represent 25 percent of what is available. This development, which sits right on the water, will be 50 stories high and include 264 individual units that range in price from $3.9 million to $40 million.

The Growing Trend of Unique Real Estate in SoFla

This is one of the handful of projects that is offering much more than just the typical amenities in the Miami Beach area. With the real estate market currently growing steadily, new construction of towers, such as this, are popping up all along the Atlantic coast.

While they all offer amenities such as a fitness facility and swimming pool, you also have more posh amenities such as private theaters, cigar rooms, Hammam spas and even soccer fields – the options are vast and diverse. In the North Miami Beach area, developers have even started creating an aromatherapy trail, which has a number of soothing and relaxing plants, including eucalyptus and chamomile, which is ideal for soothing and restoring the body and mind.

Designer and architect Piero Lissoni has also designed an in-house art studio for the future residents of the Sunny Isles Beach Ritz-Carlton.

Jade Signature Offers Exclusive Sky Villas for Upscale Living and Million Dollar Views

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

Jade Signature Sunny Isles

More and more of the affluent and elite are making their way to Sunny Isles Beach to experience the exclusive resort atmosphere, vast amenities and privacy offered. While Edgewater and Brickell have begun to come alive in the past few years, Sunny Isles luxury condos has led the pack with regards to new construction projects and is now considered the fastest growing city in the entire Miami-Dade area. Property values have also seen a surge, up by 16.7 percent.

Under Construction in SoFla

In 2014, there were eight total residential projects, comprised of 1,196 individual units approved for construction. This approval included Jade Signature – see the site here. There were five additional projects that started in 2015, or soon will begin, as well. There are already three different Sunny Isles towers completed, which included Chateau Beach Residences, Regalia, and the Mansions at Acqualina.

Currently, the construction of the Fortune International’s upscale condo tower, named Jade Signature, have reached its 30th story. When complete, this complex which was designed by Pierre de Meuron and Jacques Herzog will be 57 floors tall. Apparently, there have been no delays or issues in the construction schedule.

The sales for the sky villas, which offer from 6,300 to 6,700 square feet (interior) start at approximately $13 million. There are also two 9,000 (or more) square foot penthouses, above the sky villas that were designed by Pierre-Yves Rochon, which will be the last to be completed.

The Sky Villas – A True Work of Art

While it is a bit cliché, this building is being considered a work of art, in an area of the country where the metropolis is becoming more and more art-conscious. Some of the signature items featured in the architecture of this building include concave and convex balcony columns, which disrupt all the repetition of the other condos in the area.

The sales for these sky villas are actually a couple of floors ahead of the progression of construction, with the villas being the first offered on the market. While each one is similar in some aspects, they all have different floor plans. In order to help and make up for the additional benefits of end units, there are two in the middle feature a huge 3,900 square feet balcony. It is these expansive balcony areas, as well as the walls that are entirely composed of glass that the translucence of the building will be able to be seen clearly.

Exciting Features to Expect

Another appealing feature of this building is the two penthouses, which make up entire floors and are found on the 55th and the 56th floors. The upper unit extends up to a small second level on the second floor and further separated into west and east bedroom wings. Both of the penthouses offer 5,200 square feet of total terrace space and the actual cost of living in these expansive penthouses has not yet been released.

These homes provide views of the Atlantic Ocean that are truly breathtaking and that make living in Jade Towers – on any level – extremely appealing.

South Florida Forum and Showcase: Dreams on Display

By Sunny Isles Real Estate Expert on January 4th, 2016

Miami real estate

SoFla is becoming a hotbed of luxury condo projects, hotels, offices, and other mixed-use developments. This is positive growth, but does raise specific challenges for the future, according to developers who presented during the 2nd Annual South Florida Forum and Showcase held by The Real Deal, a real estate publication that monitors the market.

Big names in the real estate development game brought their projects to the forum and participated in panels, discussing the South Florida market at the Moore Building in Miami. The forum and showcase boasted developers like Jeffrey Soffer, Richard LeFrak, Gil Dezer, and Craig Robins, all of whom indicated that they are sticking to their bullish stance on the market. These property hotshots are banking on the popularity of the area, which is a leading tourist and luxury shopping region.

Working Together

LeFrak, who is in the process of developing a $4 billion complex called SoLē Mia Miami, slated to be situated between Northeast 139th and Northeast 151st, had this to say regarding his push to complete major projects: “There are a lot of people who want to come here. Let’s face it — it’s fun.”

SoLē Mia will not only house 4400 residential units but will also offer a dine-in movie theater, an upscale bowling and entertainment venue, and 37 acres of high-end dining, shopping, community parks and recreation, and commercial offices.

LeFrak is teaming up on the project with Turnberry Associates. Turnberry’s co-chair, Jeffrey Soffer, is involved with several other projects as well as SoLē Mia and compared the complex to a city his own father, Don Soffer, developed in the ‘70s, called Aventura. The two view the project as the building of a lifestyle rather than just a neighborhood.

Forum panelists pointed out that each city has its own identity. Dezer, whose family helped redevelop Sunny Isles, said that the city has been called “the Dubai of Miami”. Dezer is the president of Dezer Development. The family firm teamed up with Donald Trump in the construction of six towers in Sunny Isles (see website here). Dezer is also gearing up to finish work on the city’s Porsche Design Tower. In addition, he is partnered with Related Group in the development of Hyde Midtown, on which construction just began.

A New Kind of Neighborhood

Craig Robins – CEO and president of Dacra – began his career with South Beach revitalization efforts, and is now on a mission to transform Miami’s Design District into a prominent luxury dining, shopping, and arts and culture mecca. Thus far there are 20 completed buildings housing flagship luxury retail stores. Robins jumped right into the development of 20 additional buildings, as well as a boutique hotel. 500-1000 units are yet in store, and Robins has a vision for even more residences and hotels.

Michael Simkins, CEO/president of Innovate Development Group, has equally vibrant aspirations for Miami’s future. In regard to his planned nine-tower combination residential/office/retail space, Simkins had this to say: “Our mixed-use development is live-work-play, you don’t need a car…Miami is going to be one of the great metropolises of this century.”

Sunny Isles and the Future of Luxury in Miami According to Jules Trump

By Sunny Isles Real Estate Expert on December 15th, 2015

Sunny Isles Beach real estate

Jules Trump, a developer from South Africa whose parents were clothing store owners in Johannesburg, was a key player in turning Sunny Isles Beach from a run-down motel haven to a collection of some of the most valuable SoFla real estate available.

When Trump moved to the United States in the ‘70’s, he started out in NYC and jumped on the real estate train almost immediately. Soon, however, Miami was calling his name and before long he was involved in an 80-acre luxury development in Aventura, that his family had begun work on in 1980.

Sunny Isles came next, with a luxury hotel and condo project. Acqualina Resort & Spa (see site here) and Mansions at Acqualina (this website) were predecessors to Trump’s current project – the Estates at Acqualina – see the website here. The newest component of the complex is slated for completion in 2019 and will be host to 264 ultra-luxurious homes, costing between $3.9 and $40 million.

What Sets Acqualina Apart?

When asked by The Miami Herald what makes the Estates unique, Trump pointed out that the gated community will be like a private park on the ocean, offering amenities found almost nowhere else in a residential setting – bowling, indoor ice skating, a wave pool, multiple sports facilities, an arcade, and a real-time Wall Street trading room.

Estates at Acqualina

TMH also asked something that’s probably on a lot of people’s minds – with the real estate market having an ever-so-slight cooldown, isn’t it a bit worrisome to embark on such an extravagant project? Trump responded by saying that his development firm pays close attention to a multitude of factors, but that the demand for their very unique venture is the metric they use to assess potential success. And according to Jules, demand is high.

Trump is involved in a variety of projects in multiple locations. When asked about the nature of buyers in Sunny Isles vs. Brickell or South Beach, he replied that Sunny Isles buyers are attracted to the location because while it provides easy access to SoFla destinations, it isn’t as congested as other regions.

Protective Measures

And what about sea-level rise? According to Trump, his teams spend a lot of time and energy making sure the construction fits the site. By building above sea level and using the latest technology to deal with any potential issues, they assure buyers that the quality level of the construction and landscaping will protect them from problems.

The Future of Miami

As for continuing to grow Miami as one of the leading luxury destinations in the world, the developer points to infrastructure upkeep and public transit. Fashion, arts, and culture also play a major role in the relevance of Miami as a unique, attractive location. In addition, new business is vital, according to Trump. Tax credits and new jobs keep industry thriving, which attracts people to the area.

Trump believes the incredible luxury offered by Miami is what keeps global customers interested in investing their time and money in the city, and that developers need to work hard to continue that momentum.

Renting in Pure Luxury in Miami

By Sunny Isles Real Estate Expert on November 11th, 2015

Mansions at Acqualina unit for rent

Maybe you aren’t yet interested in buying in Miami, but you happen to be very wealthy and are looking for a rental that you can try to see how you like the city. Let us stress that to rent the property we’ll be talking about here, you need to be extremely wealthy, as it will cost you $40,000 a month. Of course, once you see everything that the place offers, you’ll see why that price tag is not quite outrageous as you might believe at first.

What Can $40,000 a Month Get You?

The Mansions at Acqualina unit 3002 is located in Sunny Isles Beach and is now on the market, offered for $40,000 a month. It actually gets you quite a bit for your money. It’s located on the 30th floor, so you will naturally have a world-class ocean, Intracoastal and downtown Miami views that you simply can’t get anywhere else in the world. You will be able to see pretty much entire Miami including the famous Miami skyline you see in the movies.

In addition, it is fully furnished with some of the finest quality pieces you could want, and there are a number of designer features that the owners put in over the past five years. Some of the furniture is actually from Fendi Casa and some was custom-built. If privacy is a concern, don’t worry. Each room was designed with impeccable taste. It is an elegant property that feels like home when you walk inside. The white marble floors in the living room are beautiful, and the floor to ceiling windows ensures an uninterrupted view. Oh, and since Mansions at Acqualina is brand new, no one had ever lived in this unit, so you’ll be the first one!

It has all of the modern conveniences you could want as well. You will find the most advanced kitchen with top-of-the-line appliances. It also has a smart home system built in so you can automate things such as the window shades, the lights, and the thermostat so you can actually program your home to your liking. It’s a home that is meant to be lived in and enjoyed, and that’s just what the owners want their renters to do.

Does the $40,000 still seem outrageous for this unit? Consider some of the other rentals in the area that are smaller and that don’t have elements such as a pool or a terrace. They are charging between $40,000 and $50,000 a month and they are able to rent out the space without too much trouble. Given the additional features that this unit offers, and the fact that it’s brand new, it looks as though it has a very good chance of getting rented. It might seem high until you compare it with all of the other units in the area and what you get. Keep in mind that renters will also be able to have access to all of the other features and amenities that are available at the Mansions at Acqualina.

Sky Villas at Jade Signature

By Sunny Isles Real Estate Expert on November 3rd, 2015

Jade Signature Villa for sale

Fortune International Group announces the release of the beautiful Sky Villas at Jade Signature (http://www.sunnyislesmiamirealestate.com/Sunny-Isles-Beach/Jade-Signature/see more details here). These condominiums were designed by the Pritzker Prize-winning Swiss architects Herzog and de Meuron, the PYR led by Pierre-Yves Rochon, and the award-winning landscape designers, Raymond Jungles, Inc.

The two-story five bedroom and seven and a half bathroom residencies are priced from $13M. These spacious condos offer living areas from 6,305 to 6,735 square feet and have 20-foot, double-height ceilings. The expansive terraces add an additional 1,161 to 3,908 square feet. The condos offer 180 degree views of the north and south villas and the east and west flow-through views of its center villas, according to Sunny Isles Beach.

The Sky Villas offer:

• Private master suite with midnight bar
• Office or study
• Master sitting room
• Gym and sauna in the south and center villas
• Private elevator vestibule to both levels
• Smart technology
• Gaggenau and Sub-Zero kitchen appliances

Homeowners will enjoy the oceanfront resort deck which allows access to the beach and ocean on one ground-level floor. The resort deck highlights a restaurant and swimming pool, hot tub and cabanas, 25-meter lap pool, and an entertainment lounge complete with billiards, poker table, and a wine bar. Children can play safely in the teen tech lounge or the toddler sensory and reading center.

Jade Signature Penthouse for sale

Sky Villa residents will also appreciate the lobby which features a spa and fitness center, clubroom for private events, and a library and reading lounge. The spa and fitness center feature a juice bar, Jacuzzis, massage cabanas, training areas, spinning, and a Pilates studio. Yoga can be enjoyed on the outdoor sunset deck.

The design of the landscape offers incredible views. From the floor-to-ceiling windows inside each condominium to the ocean view seen from the Jacuzzis to the zen garden surrounding the yoga deck, it seems with the Sky Villas at Jade Signature no expense was spared to offer luxurious lifestyle living. From the lush garden landscape that greets every arrival; the magical, seamless connection that links the ground floor with the pool, deck, gardens, beach and ocean beyond; and the vast, beautifully sculptured and shaded terraces that dramatically increase the living space of each and every residence; all such features have made inside/outside living a truly wonderful reality.

The Fortune International Group is known for their commitment to customer service and quality in luxury real estate. Striving for excellence in the industry, visionary founder Edgardo Defortuna has worked hard to bring Fortune International Group to the front of both development and sales and marketing in South Florida. The company is considered a leader in luxury real estate. The company’s many developments include Jade Signature, Jade Beach, Jade Ocean, Jade Residences at Brickell Bay, 1200 Brickell, Artech, Le Meridian Sunny Isles Beach, Auberge Beach Residencies and Spa Fort Lauderdale, Hyde Resort and Residences Hollywood, and The Ritz-Carlton Residences, Sunny Isles Beach.

Out of Town Buyers Want True Luxury

By Sunny Isles Real Estate Expert on October 15th, 2015

Estates at Acqualina Sunny Isles for sale

It’s well known that many of the people who buy property in the Miami area are originally from out of town, and sometimes out of the country for that matter. These out of town buyers are very interested in the properties that are available in the area right now, but they are also helping to determine the look and options of new properties that are being developed in the area.

What Do They Want?

Many people are used to larger properties, and they want to buy something that offers true luxury. They might want to have units that have extra rooms for maids, nannies, and more. Some might always want to have guest homes and villas for people who come to visit. They also want high-tech throughout the apartment, and that includes in their security measures. The wants of these buyers are not overlooked by developers in the region. They consider everything that these out of town buyers want and see how they might be able to integrate it into their building.

Buyers from all around the globe are helping to shape the design of these buildings. Whether they are from the United States, Canada, China, Russia, Latin America, or any other region, these wealthy buyers are important when it comes to determining just what types of features the developers are deciding to include in their buildings, and that’s a good thing – they are giving the buyers what they want, and this increases the possibilities of making sales.

One of the biggest requests is to have extra quarters, offering a separate entrance, for the maid or for other help. In the past, many buyers would actually have to buy a separate smaller residence in the building for their help, and that was a poor option. Today, it’s recommended that units that have more than 3,500 square feet have separate lockout quarters for the maid. Of course, if the owner doesn’t have a maid and doesn’t want one, they can always use this area for an office or anything else they would like. It simply gives them an option that was not available in the past.

Another one of the luxuries that some builders are considering for their clients from Latin America is the inclusion of Argentine grills in the outdoor spaces on the property. Those who are coming from Argentina want to have things that remind them of home, and this is one small way that developers can help. Of course, it’s not always easy to ensure these changes are added, and it sometimes requires more inspections and getting allowances from the zoning department. Some developers who are creating single-family homes are even utilizing the rooftops for added outdoor living spaces.

The new Sunny Isles preconstruciton condos offer just that. Take Estates at Acqualina for example or Turnberry Ocean Club or Armani Residences – they all have a lot in common – spacious layouts, top-of-the-line luxury as well as superb location. As you can see, there are plenty of ways that developers are listening to the wants and needs of their buyers and incorporating them into the development of their new properties. It’s great for buyers looking for something special, and for the developers who can increase the chance of making actual sales.

Will the Sunny Isles Beach Tax Rate Get Lower?

By Sunny Isles Real Estate Expert on September 28th, 2015

Sunny Isles Beach condos for sale

Taxes are the bane of most people in the country. Whenever the word tax is mentioned, most people bristle. They might be necessary, but no one likes them. Many times, when city policy makers convene to talk about taxes, they discuss ways that they can raise them. However, that’s not the case in Sunny Isles Beach. In fact, this is the fourth year in a rose that the city of Sunny Isles Beach is trying to lower the property tax rate.

The commission is proposing that they lower the tax rate to $2.50 for every $1,000 of taxable property value. This does not translate into a huge savings. Let’s look at some simple numbers to see how it would work. If a homeowner had a property that cost just $100,000, they would pay around $250 in property taxes. This is lower than what they would have paid a year ago, but only by a few dollars. It also depends on whether the owner qualifies for the homestead exemption, and how much the home’s value increased over the course of the previous year.

The city doesn’t want to raise the tax, which is nice, and most feel that the city will either lower them or keep them the same as they are currently. They are actually quite low compared to some other areas of the country.

Of course, many are also wondering what other effects this might have. When you lower taxes in one area, it often means that services will be affected in some way. In this case, some worry that the services the city offers would have less money and that this could cause issues with how the city operates. They administration says that this should not be a concern though, as the growth in other areas of the tax revenue has made it possible to keep the level and quality of services the same. They have enough coming in through taxes that they will not have to use any of their reserve funds either.

The city manager has also said that not only will the services remain the same, but they will actually be working to improve the quality of their services. This includes a large number of projects for the city in the upcoming years. Some examples include the Intracoastal Park system, Gateway Park, Sunny Isles Beach Civic and Senior Center, and a new school.

The city is very lucky compared with other towns across the country since they have the money needed to take care of projects that actually help to improve the city and the way of life in the community without overtaxing their residents.

Of course, everyone in the city may not agree with the assessments. To address this and to let the public know what’s happening, they are having a public hearing – September 24 at the City Hall. Those who live in the area and who are interested in what’s happening will want to attend.

The Beautiful Estates at Acqualina in Sunny Isles Beach

By Sunny Isles Real Estate Expert on September 10th, 2015

Estates At Acqualina Sunny Isles Beach

Many different towers are currently undergoing construction in the South Florida area right now, and it is an exciting time to be a potential buyer. There are a wide range of different properties and areas from which you can choose. One of the first things that you will notice is that you are in complete luxury at many of these units. They really want the buyers and residents to feel special. Some of the most impressive towers and units going up right now are the Estates at Acqualina (View Estates at Acqualina site here). The towers will feature some truly stunning amenities that will provide the residents with a one of a kind lifestyle. Let’s look at what the Estates at Acqualina will offer.

The Experience at the Towers

Each of the two towers that will make up the Estates will be 51 stories high and will each include 90 units. These units will vary in size and measure between 2,800 square feet to a little more than 13,000 square feet. Naturally, the prices for the units vary greatly as well. The preconstruction prices are from $3.9 million to $40 million. You can choose from three, four, five, and six-bedroom units based on your needs. The towers will be just a short distance from the Acqualina Resort and Spa and The Mansions at Acqualina. It is a perfect addition to the Sunny Isles Beach area. The units will have great terraces as well, which will provide residents with great views of the surrounding area.

The gatehouse offers security and the lush landscaping offers beauty from the moment you arrive at the Estates. The area will feature an array of infinity pools, and even a FlowRider for surfers. There will be plenty of other things to keep everyone happy and busy at the towers as well, including a basketball court, and a beachfront bar and restaurant. Residents will also love the fact that they can walk right out of the towers and onto 502 feet of beautiful beachfront that’s just for them. It’s nice and private, and just what so many buyers are trying to find in a South Florida property.

Estates At Acqualina Restaurant

The towers will also have more than 45,000 square feet of facilities to make the lives of the residents even better. They will have access to a great spa and a fitness center that features all manner of equipment for working out and keeping in great shape. Grab a bite to eat a Circus Maximus and take in some of the other unique amenities that will make Acqualina the best place to call home. These include bowling lanes, an ice skating rink, a Wall Street Trader’s Club, and even a movie theater. Everyone will find something to love at the Estates at Acqualina.

Make It Your Home

Each of the towers offers just 90 residences, and this means that the units will have more privacy than you might expect with some of the properties in the area. Those who are looking to live in the lap of luxury, and who want a great place to call home will enjoy plenty at the Estates at Acqualina.

New Tower in Sunny Isles

By Sunny Isles Real Estate Expert on September 4th, 2015

Ritz Carlton Sunny Isles Beach

There’s a brand new tower that will be going up in beautiful Sunny Isles Beach very soon. The tower will include 250-feet of beachfront, and will be at the southern end of Sunny Isles very close to Haulover Beach Park. This is a 99-acre urban park located in metropolitan Miami just a short distance north of popular Bal Harbour. The name of this new tower is the Ritz-Carlton Residences Sunny Isles, which is a name that should be familiar to many. Quite a few buyers are already scrambling and trying to get in on the action. The residences promise to be quite beautiful, and they will have excellent views of the ocean, Miami Beach, and Downtown Miami.

Preconstruction Underway

The preconstruction for the condos is already underway, and they’ve already started to sell. The price of the units varies based on a number of factors, including size. The condos with two bedrooms are starting at $2.2 million, while the ones with four bedrooms are selling for $5.4 million. In addition, the tower will be home to five large penthouses, and the price for these will be substantially higher.

The demand for these units, particularly internationally, is great, and they are being sold in waves. The first phase prices are actually between 5% and 10% less than the final listing price which will be announced when the sales center opens. This gives more incentive for those buyers who have the inside track to make their purchase as early as possible.

Who Is Buying?

People from many different countries are buying up property in the area. Many of the buyers in Sunny Isles are actually from South America, Europe, and Asia. Quite a few are actually from China. However, that’s not to say that the domestic sales are slow at all. In fact, Sunny Isles has a large number of buyers who are from the New York area and who are looking for some great property right on the beach. New Yorkers are finding that even though the Miami prices are getting higher, they are still a very good deal compared with the prices in NYC. In addition, you get more for your money in Miami.

Preconstruction investment is a good idea for many buyers who have an interest in the property. Not only will they find that the prices are cheaper, they will also find that they have equity in the property instantly, and that they can receive more incentives from the developer. Ultimately, it can lead to the creation of a better building.

Quite a few different preconstruction developments in the area are getting attention as well. Some other examples of hot properties include Turnberry Ocean Club and the Estates at Acqualina. With so many choices, it’s time that potential buyers started to look at all of the different options in the area to see what might be available for them. These properties in Sunny Isles are luxury through and through, and could make wonderful homes for those looking for permanent residences, as well as those who are looking for investment properties.