Regalia Sunny Isles Beach

Miami has long been known for ultra-luxury properties that command multimillion-dollar price tags. It’s not unheard of for a particularly prime condo unit to go for $7 or $8 million, with some topping $10 or $12 million. However, there are a few properties that stand head and shoulders above the rest. In fact, there are four on the market right now that have a list price of over $25 million. Which homes can command that type of money?

Continuum Miami Beach

Number one most expensive condo currently in Miami is Continuum South Beach. Located at the southern end of Miami Beach, this duplex condo offers just over 8,200 square feet, and boasts seven bedrooms. Six and a half bathrooms can be found on the property as well. There’s a home theater for enjoyment, and a custom security system is in place to provide safety and peace of mind. That security system is integrated with a whole-home audio-visual system as well. The price? A reasonable $29.9 million. Click here to view Continuum Penthouse

“>Regalia Sunny Isles Beach

With only 39 luxurious private residences (there is only one residence per floor), Regalia Sunny Isles offers a contemporary residential oceanfront masterpiece featuring characteristics that have never been constructed in any of the Miami’s luxury condominium. Spacious residences with more than 7,600 square feet of livable space, 5,515 interior square feet, 2,100 exterior square feet, feature floor-to-ceiling glass walls framing the dramatic ocean and 360 degrees of unobstructed views. Each residence offers 360 degrees of oceanfront views.

Currently there is a penthouse unit available for sale in Regalia for a cool $29,000,000. Click here to view the unit. The unit offers 9,550 under air square Feet (888 square meters) with a price of just over $3,000 Per Foot ($32,694 Per Square Meter).

One Bal Harbour

One Bal Harbour has recently announced that Ritz Carlton will be managing the hotel which is great news for this proerety. However, the condos at One Bal Harbour have long been known as one of the most luxurious properties in the Miami area, especially the penthouse. It features five bedrooms, as well as five and a half baths. In total, the condo comprises almost 8,000 square feet, which includes a wraparound balcony featuring its own hot tub. The unit also has a private two-car garage, as well as its own sauna. It can be yours for just $27 million.

Click here to view list of most expensive condos in Miami

Miami’s Single Family Homes

Number one on our list is a mansion in Coconut Grove called La Brisa – Click here to view the property. It is a rare opportunity to own peace of history and to travel back in time with this 9 acre oceanfront property in the heart of Miami. The private gated estate offers 9 beds & 11 baths, 207′ waterfront includes dock for 70′ yacht. The price is $65,000,000.

Mashta Point Key Biscayne Home For Sale

This by far is one of the greatest property in south florida, EVER! Captivating waterfront offers 2 acres of gated grand estate on a private peninsula overlooking Biscayne bay with the Miami Slyline as a backdrop. The estate offers 2000 feet water frontage, 5 story 12,000 sq ft 6 bedrooms 8 full baths with stunning 360 degree water and city views, fabulous pool and gazebo area, private deep water yacht harbor. This property was the playground of America’s elite at the turn of the century, with Vanderbilt’s , Carnegie’s and others partied here. The price is $60,000,000.

Star Island Home For Sale

Star Island has always attracted the word’s rich and famous. The celebrities have discovered the fountain of youth and are now living in Star Island homes. To name just a few: Gloria Estefan, Enrique Iglesias, Lenny Kravitz, Jannet Reno, Shakira, OJ Simpson, Oprah Winfrey, Rosie O’Donnell, Madonna, Sylvester Stallone, Shaquille O’Neal and the list goes on and on.

40 Star Island is currently for sale offering almost 10,000 square feet under air and 88,266 square feet lot directly on the water. Magnificent home priced at $45,000,000.

Click here to view list of most expensive homes for sale in Miami

If you’re looking for elite Miami real estate, please contact our office at (305) 336-0457.


Miami World Center Tower

Miami is no stranger to large-scale development. There are plenty of examples already built and under construction, including the Birkell City Centre. However, there’s something even larger looming on the horizon – the Miami Worldcenter. The project recently cleared its second to last challenge before it officially becomes a reality and construction can begin.

The Hurdles

There have been several challenges facing the project since it first entered the consideration phase. Some of those challenges have stemmed from outspoken objection by residents of Miami. However, the city’s commissioners voted unanimously to approve changes to zoning laws in the city, as well as an agreement that lets the Worldcenter project move forward. Critics of the project cite problems like closing streets and allowing LED billboards on media towers. Others cited the economic devastation that would come to businesses located in areas that were open only to foot traffic.

The Project

For those not sure what the Worldcenter actually entails, it’s an exciting prospect – a transformative project, according to the developers. It would encompass 17 acres of Miami real estate, and it would house almost 1,200 condos, as well as a 600,000 square foot convention center, and a hotel with 1,800 guestrooms. There would also be a shopping mall measuring almost 800,000 square feet. Anchors for the mall have already been selected, and include the likes of Macy’s and Bloomingdale’s. In terms of location, the project would run from North Miami Avenue and Northeast Second Avenue to Northeast Sixth Street and 11th Street.

Points in Favor

While there has been vocal dissent concerning the Worldcenter project, there are many points in its favor. One of those would be the enormous revenues such a project would generate for the city. Another benefit would be the revitalization of an area that has long been in decay and decline, as well as the creation of an additional 18,000 jobs for the city’s residents. In addition, the project would also create more than 25 bars and nightclubs in an area where such facilities are largely absent, rundown or going out of business due to lack of patrons.

A Sign of the Times

As mentioned, the Worldcenter project is far from the only large-scale development in Miami. The Brickell City Centre project is another massive undertaking that’s sparked both praise and criticism. There are numerous others as well. All are signs of the changing times – Miami is reinventing itself as an international destination for travelers of all economic classes, from the rich and powerful to family vacationers to those looking for an exciting city to call home.

It’s also in line with the city’s exploding real estate scene. The area recovered quickly from the real estate meltdown and has seen year after year of growth since 2011. It’s quite the boom, as can be seen from the number of condo developments (Sunny Isles Beach alone has seen 15 luxury condo developments (CLICK HERE TO VIEW) kick off in the last decade).


Miami home for sale

Different areas of the country are famous for being home to certain types of people. Actors and producers live in Hollywood and throughout Los Angeles. Authors and book moguls live in New York. Florida has its own claim to fame – more CEOs live in the southernmost state than any other area of the country. Of course, not all Florida cities have a high concentration of corporate commanders in chief.

Why Come to Florida?

What’s behind the exodus of CEOs to the sunny shores of Florida? It’s more than the beach and the state’s burgeoning economy. It’s also one of the friendliest states in the country to those with CEO-type incomes, thanks to its lack of individual income tax. There are numerous other attractions to Florida, as well. That’s particularly true of South Florida.

SoFla and particularly Miami has one of the fastest growing economies in the country, and both business and residential real estate are booming. A significant influx of foreign investors, foreign condo buyers and new residents from other US states have made South Florida a fast growing market. Some examples of this growth include the recently approved Miami Worldcenter and the SkyRise tower, as well as Brickell City Centre, which is already under construction. New luxury condos in South Beach, Miami, Miami Beach, Sunny Isles and other areas also cater to CEOs’ tastes for fine living. CLICK HERE TO VIEW AVAILABLE PROPERTIES FOR SALE

A Look at the Cities

Several of Florida’s cities made the list of top areas for CEOs, including:
• North Port – Bradenton – Sarasota – The tri-city area boasts a 1.20% concentration of CEOs within its combined borders.
• Sebastian – Vero Beach – Sebastian might not be your first thought when imagining places in Florida where CEOs would call home, but between it and its southern neighbor, Vero Beach, there’s a 1.37% concentration of business movers and shakers.
• Naples – Marco Island – Naples might be more along the lines of what most would expect for a CEO-heavy area. Between Naples and Marco Island, there’s a 1.28% concentration of CEOs.
• Cape Coral – Fort Myers – You’ll find that the Cape Coral and Fort Meyers area boasts a 1.27% concentration of America’s business moguls.
• Fort Lauderdale – Pompano Beach – Deerfield Beach – You’ll find a concentration of 1.20% of CEOs in this area of Florida.
Of course, while Florida might boast the highest concentration of chief executive officers in the country, there are quite a few other areas giving it a run for its money. Other popular areas for CEOs to settle include:
• Bridgeport, Norwalk and Stamford, Connecticut
• Oxnard, Thousand Oaks and Ventura, California
• Barnstable town, Massachusetts
• San Jose, Sunnyvale and Santa Clara, California
• Boulder, Colorado

Still, it’s clear from the list above that Florida remains the leader here, and its business-friendly environment and rapidly growing economy promise to keep it in first place for a long time to come. Not only do these factors encourage CEOs to relocate to the state, but the lack of personal income tax makes it more likely for homegrown CEOs to found and operate thriving businesses.


Sunny Isles Preconstruction Condos

It’s no secret that south Florida has triumphed over the recession and one sign of that victory is the booming real estate industry. The 15 new pre-construction condos in Sunny Isles alone is ample sign that the real estate woes of the past are well behind SoFla. Or are they? The Fed indicates that while recovery is complete and new growth is strong, there are still many problems waiting in the wings that might derail the real estate sector. What are those issues? According to a Fed representative speaking at Coral Gables, they include rising interest rates, stagnant or dropping income levels and changing market conditions.

Loans

Real estate deals require financing. Financing comes with interest. Given the significant boom that south Florida’s seen in the past few years, there’s a lot of money tied up in interest and loans that will come due soon. For many properties, that due date is approaching pretty quickly. According to the Fed, more than $7 billion in real estate loans extended through south Florida will come due in 2015 and 2017. Most developments will seek to refinance, but if interest rates rise, that could spell trouble and eventual stagnation or even backsliding into recession. While interest rates remain low and the Fed has insisted that it will keep them there for now, they will eventually rise. It’s only a matter of time.

Market Conditions

Another factor affecting the SoFla real estate sector is the shift from commercial to industrial space. More and more retailers are ignoring physical properties and opting for virtual real estate instead. That makes good sense since more and more consumers are buying predominantly online these days. In terms of properties, that means that more businesses are looking for industrial real estate where merchandise can be stored, stocked, shelved and shipped, and fewer are looking for physical stores.

The Income Conundrum

Rents are rising throughout SoFla, with Miami-Dade seeing an increase of 6.3%. Palm Beach and Broward County saw similar hikes. While that’s good news for property owners, it’s bad news for renters, as the income rates have not kept pace. In fact, most income rates have stagnated completely, with others actually decreasing. The impact of this trend on renters cannot be understated. Residency rates might be at all-time highs for south Florida, but things can change very quickly. The Fed representative remarked directly on the organization’s worry that people will soon no longer be able to afford rent in the area.

What does that mean for property owners, managers and other decision makers? Actually, it really just means they need to be cautious and keep an eye on the market. There’s nothing to be done yet, although quick action might be necessary if income continues to decline, or if interest rates look like they’re going to increase. Be watchful and wary, but confident, seems to be the ultimate message that came out of the Coral Gables meeting.


Sunny Isles Beach Panorama

We could all do with more global collaboration and less warmongering, but finding a bright spot on the world’s stage has been tough to do in recent months. However, there are uplifting moments of collaboration and a coming together for mutual benefit still happening, even if they’re overshadowed by other, less humanity-benefiting occurrences. One such event was the meeting between Mayor Miriam Feirberg-Ikar of Netanya, Israel and the Mayor Norman Edelcup of Sunny Isles Beach and his delegation.

About the Meeting

While not a national summit, the meeting between Eastern and Western representatives yielded perhaps more international good will and achieved better results than many political meetings. The purpose of the meeting was to help leaders of both cities share methods of promoting education, art and culture to their residents that have worked in the past. As such, both cities had interesting things to bring to the table.

The core of the meeting centered on two foundations – the City of Sunny Isles Beach Foundation and the Netanya Foundation. Each foundation has a mission to solicit funds from private donors to help improve life in their respective cities through social, educational and cultural programs.

Netanya Israel

About the Cities

Netanya, Israel and Sunny Isles Beach are actually sister cities, formalized with an official union back in 2007. The two mayors have met each other twice now. The first was during the union ceremony, and the meeting in question was the second time. Both mayors have served their respective cities for over a decade, and have a lot of knowledge and experience to share with one another. It wasn’t limited to mayoral discussion, though. Both mayors had a full delegation of experts that shared information and methods to help improve the lives of the other city’s residents.

While the two cities are worlds apart in terms of geographic location, they’re very close in terms of attributes, attitudes and even physical geography. Both share warm waters and lovely beaches, and both are rich in cultural diversity. Both share the moniker “Riviera” as well – Netanya is the Israeli Riviera, while Sunny Isles Beach is the Riviera of Miami.

Click Here to research Sunny Isles Beach real estate for sale


Brickell City Center Condos

Cinemex is a celebrated company founded in Mexico. It’s long eyed potential locations in the US, but until now, it has not opened any cinemas north of the border. Today, all that changes as Cinemex and Brickell City Centre jointly announced that the firm would open its first US location in the mixed-use project located right in Miami.

About the Development

The new development will consist of almost 36,000 square feet of dine-in cinema. The property is expected to open in 2016, and Cinemex will partner with Chef Mikel Alonso (the name behind Biko), and Mica Rousseau of Mexico City mixology fame. Within the 36,000 square feet will be 11 viewing rooms and a total of 622 seats. The design and construction work for the project will be handled by Miami’s own Loguer Design.

About Cinemex

Cinemex is the world’s sixth largest cinema chain. The company’s focus here is to “bring the success of Cinemex to downtown Miami,” according to one of the firm’s VPs. Brickell City Centre makes the ideal setting for this type of establishment, and its interesting combination of film and food. Cinemex joins a growing number of businesses that have agreed to anchor the $1.1 billion Brickell City Centre project, including Saks Fifth Avenue.

Far from the Only Project

The Brickell City Centre project might be one of the most visible in the city of Miami, but it’s far from the only one. There are numerous others, including the proposed Worldcenter, which would occupy 17 acres of downtown Miami real estate and create an estimated 18,000 jobs. The development would contain a massive shopping mall, a huge convention center, a hotel with almost 2,000 rooms, and a new luxury condo development in addition to numerous bars, nightclubs, restaurants and more.

What It Means for Investors

Miami’s real estate is red hot at the moment, and most of south Florida is actually in the midst of a real estate boom, unlike many other areas of the country. The addition of Cinemex to the Brickell City Centre is just another feather in Miami’s cap, and another reason that real estate values continue to rise. As the city reinvents itself into one of the world’s top destinations for vacationers and hopeful residents of all types, those values will continue to increase. This benefits areas beyond just Miami downtown area, including South Beach, Bal Harbour, Sunny Isles and many others as well.


Miami real estate for sale

The real estate investment market in the US has undergone some significant shifts over time. Back during the recession, it tanked right along with the residential real estate market. It’s improved since then, as have most residential markets around the country. However, not all areas have experienced the same resurgence. For investors, that means it’s more important than ever before to choose the right area. Low entry prices aren’t the only thing to look for, and can actually be a sign that a market isn’t as healthy as it could be. More and more, investors are turning to South Florida, and to Miami in particular. Why is that?

Natural Advantages

One of the reasons for Florida’s rank as the top real estate market in the country is that it is rich in natural resources. It’s an undeniably beautiful place, whether you relish sitting on the beach, hitting the links or exploring untamed wilderness. There are swamps, hills, beaches, well-developed urban areas and more. It’s also warm year round, which makes it a natural destination for those who don’t enjoy the cold.

Man-made Attractions

In addition to the natural beauty and splendor of the state, you’ll find that it’s rich in human development. We touched on some of those above, but you’ll find much more. The oldest European settlement in America is in Florida, and there’s a lot more here, from museums to art galleries, from shopping malls to entertainment venues. It’s easy to reach pretty much anything you might want to do from virtually anywhere in the state, too.

Why Miami Rules It All

When it comes to Florida’s real estate market (click here to research Miami real estate market) , you’ll find that the south is more popular than the north, and in South Florida, Miami and the greater Miami-Dade area are the undisputed rulers. What makes Miami such an incredible place? You name it – South Beach, Sunny Isles Beach, downtown Miami and the list goes on and on. From deep sea fishing charters to ultra-high end shopping and dining, it’s all here, and it’s all within easy reach. A short drive from Miami is the beauty and jetsetter atmosphere of South Beach. Head up the road a bit and you’ll be in Bal Harbour, or venture into Sunny Isles Beach, or any of the other communities that make up greater Miami.

In all of those areas, you’ll find that the real estate market is hot, and getting hotter by the day. Luxury condo properties are going up by the score (on top of the many already in existence). There’s also a significant influx of major corporations. You’ll find that Nokia, Kraft and HP all have a huge presence in the area, as does Oracle, Microsoft and more. That equates to jobs, certainly, but it also caters to an upwardly mobile, affluent crowd that’s eager to get into owning their own home and have a preference for luxury properties.
South Florida is the ideal option for real estate investment, and Miami is its crowning jewel.


Miami Beach condos for sale

According to recent reports, the pocket listings, or off the market listings, in the South Florida region have gone up quite a bit over the past year. In fact, they’ve risen by about ten percent in that time. One reason for this is simply that people want to have more privacy when selling and they feel that it can offer less of a hassle. Pocket listings may work well in some situations, as evidenced by this increase, but they may not always be the right solution.

What Are Pocket Listings?

For those who are new to the real estate term, a pocket listing is simply the phrase used for a listing that is not in the MLS. This often happens because clients want to have a bit more privacy when they are selling a home. This type of listing often happens when the sellers have luxury properties for sale. They want to have more secrecy and privacy when it comes to their viewings, as well as negotiations. Ultimately, it is a marketing decision, but it is not always to the benefit of the seller.

What sellers really need to remember when they choose a pocket listing is that they are limiting the pool of eligible and potential buyers. While this might seem like a smart move since it focuses on getting only the buyers who have a real interest in the property, and it makes the showings easier, it could affect the price. With a smaller number of buyers, it can limit the price potential for the seller in some cases.

Additionally, brokers will have to beware of sellers and buyers who might not be willing to sign a contract with them, essentially pushing them out of the deal once they have the contacts they need. There is also a chance that the seller could back out on the deal or might decide to raise the price. Some feel that the increase in pocket listings could have another negative effect on the market for agents though. It becomes difficult for appraisers and agents to get real comps for properties they are selling in the area.

Of course, in some cases, this type of sale really is the best option. Consider those sellers who have true luxury properties. They do not want to open their home up to the public. They know they need to have a certain type of buyer with a certain amount of money, and opening the home up to everyone who wants to come through and “take a look” will bring them nothing but headaches.

Discuss It with a Broker

Those who are selling their properties and who are considering a pocket listing should actually take the time to talk to their broker about the possibility. Brokers and agents will have the experience to let the seller know whether going with a pocket listing really would be a good idea for their property or not. They have the experience to help sellers with the decision.

Our office has several pocket listings in the Sunny Isles Beach area as well as Miami Beach (view Sunny Isles listings for sale here). Please feel free to contact us regarding our pocket listings.


Sunny Isles Real Estate

Everyone in real estate remembers the “good old days” of the pre-recession era, when the prices of homes were high and developers and realtors were able to sell home after home. It seemed as though there would be no end to the golden days. Of course, everyone knows what happened next. The perfect storm of bad things started to come together. This stew of trouble really hit in 2007, and the real estate market has still not entirely returned to form. While things are getting better, there is still a long ways to go, as you will see.

First, it’s important to look at what caused that initial downfall back in 2007. In fact, it was the aforementioned stew, or blend, of issues that helped to tear down the real estate market.

What Caused the Fall?

One of the first problems was the fact that the banks seemed willing to lend to nearly anyone who wanted to buy a home. It seemed like a great time for anybody to buy property, but it turned out that many people bought without understanding their contracts. They bought more than they could afford and when the real recession hit, they couldn’t pay. The economic downfall coupled with the issues of properties being more expensive than people could actually afford was too much.

Everything fell apart, and it took years before things even started to get close to normal. In fact, we still did not reach those pre-recession prices. According to Zillow, the value of property in some parts of South Florida is still about 36% lower than what the prices were at their height in 2006. Other parts, of course, like Miami and Sunny Isles Real Estate (click to see Sunny Isles properties here). They also go on to say that, according to the current growth rate and patterns, they will not return to that high until sometime in 2019.

South Florida hit their low mark in 2011. Fortunately, there was a huge turnaround in 2012 and 2013. However, even though they did help the counties of Palm Beach, Broward, and Miami-Dade to recover quite a bit, the increases have started to slow. While there is certainly still interest in the area, the interest does not seem to be as “fast and furious” as it had been. This could be due to the home prices starting to go back up.

Slower Growth Might Be Good

Is the slower growth really a problem though? The speed at which the market prices rose before was a part of the problem. By growing slower, and growing at a natural rate, it may actually end up being a much safer and stable place to invest in the end. However, this does mean that many of the homeowners who are already in homes they bought a year or so ago will want to stay in their homes for at least three of four more years so they can get back to the breakeven point. Still, this is far less time when compared to how long it will take full recovery to reach many other areas of the country that had far more of a severe real estate drop.

Overall, the projections are very positive with real estate in South Florida as well as the rest of the country continue to flourish and appreciate, which means that now is still a great time to buy real estate.


Armani Sunny Isles Condo

A number of collaborations between developers and other individuals and groups have been happening in the North Miami Beach area. One of the recent announcements put the Italian company Fendi into the real estate game, but they are certainly not the only ones to enter the field. Armani recently announced that they would be collaborating with Dezer Development and the Related Group on a project in the popular area of Sunny Isles Beach. They announced this collaboration in early July, and it already has people quite excited about what they could see from the group’s collaboration.

What Is Armani?

Armani is a fashion house based in Italy and started in 1975 by designer Giorgio Armani. They design, manufacture, and sell a number of high quality luxury products including shoes, watches, cosmetics, leather goods, eyewear, and much more. They have been working in various capacities in property for a number of years now. They have worked in collaboration with a company called Emaar Properties, who have a chain of luxury resorts and hotels. They have properties in places around the world, such as Milan, Paris, New York, London, Los Angeles, Shanghai, and Dubai.

What Is the Project?

They are working on a condominium tower called Residences by Armani/Casa in Sunny Isles. The tower on Collins Avenue, designed by Cesar Pelli, will have 60 stories and 260 units. The high-end units promise to hold quite a bit in terms of features and options for buyers, all in that distinctive and luxurious Armani style.

Giorgio Armani, the company’s founder, is very excited by the project and released a statement where he said in part, “Armani/Casa was born from my desire to see my design aesthetic at work in interior spaces. On a project like this where we have the benefit of partnering with a talented architect like Cesar Pelli, we get the opportunity to create something really very special – a remarkable living space, imbued with the spirit of modern elegance.”

The group is eager to move forward with the project, and they believe that they will have the tower up and completed sometime in 2016. While it is still early, some details have emerged regarding some of the features and amenities that buyers will be able to find within the property. They should have three floors of private cabanas, as well as an onsite spa and fitness center. They will have an oceanfront pool, a sundeck, and a full service restaurant as well. Information about what features and amenities the actual residences will have is still scarce, but more will come out soon.

People who have been following the Armani project are very excited about what it will offer and what the new tower can provide for those who make it their home. Sunny Isles Beach has been a popular area for developers for a number of years now, and this popularity is not going to wane anytime soon. The area has a lot going for it, including a near perfect location that’s right along the water.

For more information on Armani Casa Sunny Isles, please CLICK HERE


Content published by Lana Bell

Content published by Lana Bell