There are few names that call to mind such luxury as Trump, and this is certainly evident in Trump Palace Sunny Isles Beach, one of the premier condominium communities in the Miami area. Unfortunately, luxuries are the last things people buy when the economy is tight, and we have certainly been through some rough times in the last few years. With the recession hanging over our heads, most people don’t want to purchase anything but the necessities, and that means homes in Trump Palace have been selling for lower prices than they have in years. There are certainly still those who want to own a piece of prestige, and that has helped to keep these condo units selling, but for a few years, the prices have been lower than ever.

Recent Sales Are Growing in Trump Palace Sunny Isles

With almost ten sales in the last year, it’s easy to see that things are getting better. With the recession slowly coming to a close, people are seeking out some of the luxuries they denied themselves. Though sales are certainly picking up, the prices are still much lower than one might expect. Though there is still quite a difference between the asking price and the sold price for many of these homes, that gap is closing slowly but surely. What this means for you is that you don’t have much time to take advantage of this current buyers’ market. If you want to own a condo in Trump Palace, now is the time to make your move.

Lots of Luxury oceanfront Condo for the Money

Most of the units can be purchased for less than $1,000,000, with some priced below $500,000. There are quite a few that are large enough and luxurious enough to bring $2,000,000 or even more, though. The prices may look a little steep to some, but there is a lot of luxury included in the purchase of a new home at Trump Palace. You’ll be able to enjoy views of the ocean from almost anywhere in your new home. There are also amenities that will make your life so relaxed and fun, such as swimming pools, fitness centers, private beach access, and a staff trained for service and security. You really will get a lot for the price you pay.

Let Us Help You Achieve your Miami real estate Goals

If you’re ready to make Trump Palace your new home, now is the time to act. You don’t want to wait too long and miss out on the last of the buyers’ market. Our qualified and experienced agents know all about selling homes in condominium complexes, and we’d love to help you choose the right residence for your wants and needs. We can help you negotiate the price, which is necessary if you want to get the best deal. We’ll also make sure you understand everything involved in owning a condominium, including additional fees and regulations. Finally, we’ll help you straight through the closing process, which can be a nerve-wracking experience. You won’t need to worry about a thing when you allow our agents to help you get the home of your dreams at Trump Palace in Miami.

Being a broker of Sunny Realty and providing one of the most used resource for Miami real estate (http://www.sunnyislesmiamirealestate.com/) I’m often asked: “how’s (Miami) real estate these day?”. Unfortunately I can’t just answer this question simply – “good” or “great” or “better”. When I start to explain that Miami basically has the best and worst real estate in the country, people think I’ve gone nuts and trying to sell them a story. However, here is The New York Post recent article By ANDY WANG.

Summer was hardly a vacation for those in the business of selling Miami condos.

“I didnt go to St. Tropez because of this”, says developer Gil Dezer, whose Sunny Isles Beach condo projects include the 384-unit Trump Royale and the three-building, 813-unit Trump Towers.
Dezer reports that he sold more than $100 million in Trump units during June, July and August ($50 million alone in August, including a $29 million, 34-unit bulk deal). He has closed more than $1 billion in Trump condos overall and has only about 75 units left.

Recent Trump Towers Condos sales

have been priced at about $525 per square foot. Thats significantly less than the $1,000-per-square-foot contracts buyers walked away from in 2009 after the financial crisis hit, but Dezer, whos paid off the construction loans for all four buildings, seems satisfied. (Donald Trump participated in a ceremonial Trump Royale condo mortgage-burning ritual, lighting the document on fire himself, in January.) The downturn made the job challenging, Dezer says. Every day was a battle. But when youre winning, its fun.

Winning could also be used to describe the situation at Icon Brickell. That nearly 1,800-unit downtown colossus, built by the Related Group with designs by Philippe Starck, seemed to be in peril not long ago, and two of its three towers were deeded back to its lenders in May 2010. But Icon Brickell Condos now nearly sold out, with more than 1,500 units closing for a total of more than $700 million. When you factor in units in contract, only about 30 condos remain.

I think the market has consumed the inventory in a much more rapid way than I and probably everybody thought, says Related Group chairman and CEO Jorge Perez, who adds that most buyers have been foreign. The Latin American economy has been strong.

The forecast was that we would sell all the units in three years at an average price of $350 per square foot, says Edgardo Defortuna, president of Fortune International Realty, which started selling Icon Brickell apartments in June 2010.

Less than a year and half later, Fortune is almost done and seeing prices at about $400 per square foot.

Demand has been so strong that Perez is now building another downtown development. The 192-unit MyBrickell is a couple years away from completion, but Relateds received over 60 reservations for condos before officially launching sales. Unlike Icon Brickell, MyBrickell isnt on the water, and Perez is passing on the cheaper construction costs and the deal we got on the land to offer units, with interiors by Karim Rashid, for about $300 per square foot.

Defortuna, meanwhile, is now selling downtowns Paramount Bay, a 346-unit building resurrected out of foreclosure by owners iStar Residential and ST Residential. Musician Lenny Kravitzs Kravitz Design firm is working on the building, where prices are about $400 per square foot.

South Beach real estate

with significantly pricier properties, is seeing lots of action, too. The summer was uncharacteristically busy, says Lana Bell, president of Sunny Realty, which has an office in South Beach and Sunny Isles Beach. We certainly didnt take a vacation.

According to Sunny Realty latest Miami market report, South Beach condos sold for an average of $515 per square foot during the third quarter. But this factors in distressed properties, including units bought out of foreclosure.

At the markets top end, the W South Beach Hotel & Residences has closed about $260 million in condos at an average of $1,700-plus per square foot, developer David Edelstein says. The W South Beach sold more than $50 million during the summer. One penthouse went for $7.7 million, north of $3,000 per square foot, Edelstein says.

As with much of Miami, foreign buyers have been key at the W. (Douglas Elliman translated its market report into Spanish and Portuguese to spur international interest.) From May through September, about 65 percent of Edelsteins purchasers were foreign, and about half of those were from Brazil.

The allure of the W has helped nearby condo buildings lure in buyers, including those from New York.

Fashion designer Irina Shabayeva, who won season six of Project Runway, owns a one-bedroom with a balcony at the 52-unit Boulan South Beach development just south of the W, but on the other side of Collins Avenue.

I like the Boulan because it was so new, really fresh and modern, says Shabayeva, who primarily lives in the East Village. And its across the street from the beach and the W.

Shabayeva says she enjoys the New Yorker-friendly amenities at the W, which include a Warren Tricomi salon and a Mr. Chow restaurant. And Edelstein says that the Dutch, an outpost of Andrew Carmellinis SoHo restaurant, will open in the W by Thanksgiving.

Boulan, which has sold 22 condos and has one-bedrooms on the market for upward of $600 per square foot, is busy filling its own retail spaces, as well. An art gallery should open in time for Decembers Art Basel festival. A Mexican/Asian fusion restaurant and a nightclub are also in the works.

Neighborhoods all over Miami are getting big residential and retail makeovers. The 56-acre Midtown Miami developments second phase, which will start next year, will include a boutique hotel, a movie theater and 100,000 square feet of retail.

Well definitely have a fashion component, says developer Jack Cayre.

And the nearby Design District is getting a Louis Vuitton store.

There was probably a point in time here someone said, Whats Chelsea? or Whats Meatpacking? and eventually, they became a place because New York was ready to have another place, says Greg Masin, senior director at commercial real estate firm Cushman & Wakefield. When we look at the Design District and at Midtown, what we see is the evolution of the next place in Miami.

Plus, the downtown Metropolitan Miami developments third phase will include rental apartments and a Whole Foods Market. Plans for downtowns eight-block Miami Worldcenter site include residences, restaurants and retailers. And the Genting Group, an Asian casino operator, has unveiled plans for its $3.8 billion Resorts World Miami mixed-use complex. But the scope of the latter two projects will depend on approval for casino gaming, something thats the object of much speculation and uncertainty all over Miami.

Dezer says he has been talking to major Las Vegas casino operators about land he owns in Sunny Isles (13/ acres on the beach and 6/ acres directly across the street that hits the intracoastal waterway) that could accommodate a gaming resort with more than 2,000 rooms and 3 million square feet.

They’re both good real estate, Masin says of the Genting and Dezer sites. If they both had a casino, theyd both be successful.

Whatever happens, Dezer has options.

We originally bought [the land] to build condos, he says. We could build five condo buildings.

That idea would have seemed ridiculous in 2009, but now its more plausible.

Defortuna has sold out the 256-unit Jade Beach condo building in Sunny Isles Beach and has just three apartments left (for about $700 per square foot) at its 252-unit Jade Ocean sister property.

In terms of quality inventory, oceanfront, he says, you can make a strong argument that you need to start building now.

Originally published by ANDY WANG.

(c) 2011 The New York Post. Provided by ProQuest LLC. All rights Reserved.

The real estate market in Miami Florida

is seeing significant recovery of late and investors, as well as those simply looking for a new place to call home, are back in the market looking to buy. According to the Florida Realtors, there has been significant growth in different sectors of the market.

Condominiums in Miami

Miami luxury condominiums are some of the most distinctive features of the Miami real estate market. Popular as second homes and, increasingly, with those who want a luxurious place to call their primary home, these condominiums have been selling very well in recent months. In February, 2011, these properties jumped 29% in sales volume compared to the same month in 2010.

Sunny Isles Beach, in particular, a very popular hub for luxury condominiums. Developments such as Trump Towers, Trump Palace, Trump Royale constructed by the Trump Group and many others constitute some of the most desirable properties in the region. If you’re looking to get into one of these great homes, you’re not alone. This is the third consecutive year that the Miami Realtors have been able to report that the sales of these properties have increased over the previous year, boding well for the future of this real estate sector.

Miami Beach Home sales are also up. In 17 of the state’s metropolitan areas, increases in home sales were reported. There was a 13% increase in the sale of homes and there was an increase of more than 10,000 homes reported over a year ago: 12,164 in February 2010 versus 13,701 in February 2011.

This trend has been statewide and shows that the market is making a steady recovery after the crash. There are other factors that are driving this increase in sales, as well.

Mortgage Rates

The credit score requirements for taking out lending may be much higher than they were a few years ago, but the terms being offered are much more desirable. Interest rates are very low and this has made it apparent to those who can take out the lending that now is a good time to consider buying into the real estate market.

Because both homes and condominiums have been selling better compared to 2010, it’s an indication that the pickup is across the board, from those seeking to live next to the ocean in one of Florida’s famous high-rises to those seeking a simple single-family home in the city. There are fewer vacant homes statewide, as well, indicating that the worst of the real estate woes are past and that the future is looking up.

Sustained Improvement

This improvement in Miami home sales has been seen for the last two years, indicating that it is not a short-term trend. There has also been improvement over the prior month—January, 2011—which indicates that the upward curve has some welcome relief and some improvement that isn’t coming too slowly to be an advantage to homeowners.

Active Months

The month of April is always one of the most active for Florida realtors. This is the time of year when the snowbirds head home for the summer, but it is also the time of year when many of them decide that they want to buy a new or better property in Florida. With the traditionally slower months of January and February showing increases in sales, realtors are optimistic that the busy season will be better yet and that many more homeowners will be interested in getting new properties and that those who haven’t purchased a home in Miami as of yet will decide that now is the right time to go ahead and do it.

Commercial Real Estate in Miami

Miami commercial real estate has also been a big seller. Investors are flocking to the area to make purchases and much of their investment activity has been good for the state all around.

Shopping centers in Miami have been particularly popular with these investors. With the economy improving, these are fixing up to be hot properties in the near future. Currently, investors are buying up shopping centers that have become run down over the years and transforming them into destination spots for those who want a bit of retail fun. Because of the very low cost of borrowing money at present, it makes sense for them to be making this move right now.

Finding a good real estate deal has never been an easier proposition in Miami Florida and that, no doubt, is part of what’s driving the increase in sales. If you’ve been hesitating, you’re becoming part of a smaller number of people by the day. Today, the trend is to buy and that trend has been growing for the last couple of years. The current balance between investor interest and affordable investment properties makes it an ideal time to consider making your move and getting back into this historically very hot real estate market, whether you’re buying commercial or residential.

For more information please contact our office at 1.877.368.2318.

Miami real estate market

for the last two years, has not been where people have been going to make fast money. That is rapidly changing, however. The luxury Miami real estate did not suffer the level of devastation that the regular market suffered, as well, and this makes a significant difference in how people are buying and selling properties. In the world of luxury real estate, there are few names with more immediate recognition than Trump. The Trump Towers in Sunny Isles Beach, Florida, are among those luxury properties that are seeing a growth in interest.

Over 2010, the price per square foot for luxury condominium properties in Sunny Isles Beach began to increase. Some reports cite sellers as averaging over 90 percent of their asking price, as well, making it very much a seller’s market in that regard. The Trump Towers certainly meet the definition of luxury real estate. With amenities in line with what you’d expect at a 5-star, or better, hotel, this property has obvious appeal to those looking for luxury, access to the waterfront and access to the best shopping and dining in the Miami-Dade area.

As is the case with everything high-end, selling luxury real estate takes a special touch. While the market is more rarified, the people who make up that market are also more likely and more able to buy at any given time. The key is reaching them. The benefits of reaching out to them successfully, in today’s market, can be substantial. With prices recovering rapidly and demand increasing, there’s never been a better time to have a good realtor representing your property.

For new condos in Sunny Isles Beach

the average price paid in the third quarter of 2010 was just over $400. Trump Towers has several properties currently listed that are at or near this level of price per square foot. Because of the diversity of properties available, there are also many that are higher and lower than average. With sellers getting so much of what they’re asking on average, the market is favorable for those who want to sell their property at Trump Towers. It’s also important to note that the market for these properties is much larger than may be immediately apparent; just ask your realtor.

Trump Towers Miami

and the rest of Sunny Isles Beach have garnered a worldwide appeal. In fact, the area itself is famous for the diversity of people who call it home. Advertising these properties to a luxury demographic takes special considerations, but advertising them to a worldwide demographic takes even more consideration. At present, luxury property specialists are pulling in excellent figures for the properties they list. Not all of them have the ability to reach people all over the world, however, and those that do generally fare much better in the competitive Miami luxury real estate market.

While listed condo properties at Trump Towers condo

range well over 2 million dollar in price, there are options that are far less expensive. Some properties hover around the mid six-figure range, a comparative bargain in this market! However, what’s important to the person selling the condominium is that they’re making money on the sale that’s commensurate with the luxury of the property they’re selling. Currently, the property prices are performing at impressive enough rates to make this not only possible, but likely. While the real estate market crash may be recent in many buyer’s memories, It’s two years in the past and the market has adjusted significantly since those days. Today, properties are selling fast once again, especially in southern Florida.

In the closing month of 2010, there were just over 40 properties for sale at Trump Towers. The prices were higher than what they would have been just a year ago, exhibiting the buyer’s market that is rapidly developing. All over southern Florida, developers were snapping up condominium properties, trying to take advantage of the last low prices following the housing crash. Of course, as property owners become more aware that they stand to make a profit again, these prices are likely to go up!

If you’re considering listing a property at Trump Towers, the increase in average price per square foot in the Sunny Isles Beach market should come as welcome news. It’s economically feasible to invest in and sell property once again, and sellers will fin themselves with plenty of buyers who are interested in their property. A significant part of making that happen, however, is having a good realtor. This is particularly important in a luxury market. The clientele that can afford such properties will expect good information. It also takes experience and skill to know how to advertise property to that market, something a luxury realtor specializes in and that they do better than anyone else.

Despite what may seem to be an ailing Miami real estate market

the recent interest in condominium properties in South Florida makes it a good time to list. Sales figures show that prices for some condominium properties, such as Jade Beach, have performed better than expected. The prices for properties such as this one, located in a towering glass building with views of the ocean and the city, rival those paid for properties in the traditionally more expensive real estate market of South Beach.

If you’re trying to calculate the amount of money you might get from your property, it’s easiest to arrive at a realistic figure by looking at the price per square foot. In the case of Jade Ocean condo, data for the third quarter of 2010 shows that buyers were paying $687 per square foot for real estate at the condominium. This is an excellent rate. In the fourth quarter of 2010, the average price paid for a property at Jade Ocean was $1.38 million, definitely a price that makes listing something worth considering.

While the economic news has generally been down lately, it’s important to remember that the luxury market continues to be active. Affluent buyers still have the power to acquire new properties and South Florida is still one of the most popular markets for such buyers. Listing a condo at a property such as Jade Ocean can be a very profitable proposition.

Jade Ocean is located in Sunny Isles Beach, Florida

This city is known primarily as a luxury resort community. It provides excellent access to the Intercostal waterway and there are ample upscale stores and clubs located in the area. Sunny Isles beach has a distinct advantage over some other luxury markets in the US. The city is known for being a draw for celebrities and for affluent individuals and families all over the world. This means that listing in this area have a potentially worldwide market.

The prices commanded by properties at this tower were well in excess of any paid for properties at other condominium towers in the area. The average price paid for condominiums in the area was $511 per square feet, putting Jade Ocean Sunny Isles in excess of $160 above the average paid for a square foot of luxury real estate in one of the areas fashionable high-rise condominium properties.

As an example of the differences between the luxury markets and the regular real estate market, consider how the affluent oftentimes purchase property. A Miami Heat basketball player recently bought a mansion, for well in excess of $10 million, without ever seeing the property in person. For those who have the means, buying real estate has not lost any of its appeal. What makes Jade Ocean itself so appealing most certainly includes the luxurious surroundings and high-tech amenities its residents enjoy. There is always the question of whether or not the prices will stay favorable, of course, and the question of whether or not inventory will move.

Jade Ocean has a sister property Jade Beach

where all of the properties have sold. The average price paid for properties at that building was $650 per square foot. With an improving market and the speed that properties in other units have moved, 2011 seems like a good time to list for those who are interested in moving their properties. The key to listing effectively, however, is to have a good Sunny Isles Beach realtor. In the luxury market, this is even more the case than it is on others.

The properties on Sunny Isles Beach

have been bought up both by individuals and by developers. This audience, of course, has to be reached if you plan on being able to move your property. Without the right person to represent your property, it’s much harder to sell a condominium and it’s likely that you won’t get the amount of money you want, or expect, for your property. Realtors in the luxury market have the expertise to move condominium properties in Sunny Isles Beach or anywhere else, and properties will generally sell much faster with a realtor making sure they’re marketed properly.

With Jade Ocean and its sister property proving very desirable to individuals, and with property at the Jade Ocean development commanding such a high price, listing now has to potential to be very profitable. Remember that a realtor with experience in this region is the best to handle these properties. The market in Florida is famous for moving very fast and, at present, with prices for property increasing along with the interest in them, that means that a good realtor is a key element in making sure you make as much as possible off of your sale.

Sunny Isles Beach

is well known as the hottest spot for truly luxurious beachfront condos. Condos in the area are always in very high demand, and exclusive buildings offer privacy, luxury, and style that can be hard to find anywhere else in the world. Trump Towers Sunny Isles is one of the most remarkable buildings in the area, and with condos currently starting at $360 per square foot, the buying price is lower than the cost of building a new oceanfront condo. This is certainly appealing to buyers in the current market, who are noticing that the economic situation is improving rapidly, ensuring that deals like this will not be available for long.

Trump Towers in Sunny Isles Beach

are truly the picture of luxury and exclusivity. There is security around the clock as well as 24 hour concierge service. The porte-cochere entrance offers 24 hour valet service, and each residence has a private elevator foyer. Privacy is never an issue anywhere onsite, which provides residents with great assurance. In addition to excellent security features and safeguards, the buildings and residences also have much to offer.

On the grounds, there is a state of the art fitness center as well as a health spa and a club room. The private beach offers cabanas, and the heated pool on the landscaped terrace offers a bar as well as a full staff. The residences themselves offer panoramic views of the ocean and the city, and the ceilings span ten to eleven feet in height. There are floor to ceiling windows as well as Italian kitchens and cabinetry. Marble and granite are used for kitchen and bathroom countertops as well, and all fixtures are designer and of the highest quality. Sub-zero appliances can be found in all units.

In short, the Trump Towers condos are simply exquisite. Starting at below building price for an oceanfront unit, these condos are certainly expected to move quickly in light of recent real estate and economic findings. The Miami real estate market has long been the guiding factor for determining the outlook of the global market, and with recent rises in demand for luxury oceanfront condos and property in the area, the market is certainly showing signs of improvement. Sunny Isles Beach condos are premier destination for luxury and exclusive living, and the Trump Towers apartments offer the best of that life. World class amenities and unrivaled service help to ensure that these condos will not stay on the market at these prices for long.

Trump Hollywood a 40-story oceanfront condominium

got foreclosed today.

Since 2007 Jorge Perez and Donald Trump have been trying to sell Trump Hollywood condo. Prices in the lavish project ranged from $1.3 million to $7 million. In August 2009, Perez said he had commitments from buyers for more than two-thirds of the units, but there were closings on only 25 of the 200 condos.

Analysts doubted Perez and Trump could sell the digs featuring Italian cabinetry and wine fridges when condo buyers are looking for bargains.

Donald J. Trump, who licensed his name to the building, is not a developer of the project, located 22 miles (36 kilometers) north of Miami. On Thursday Donald Trump had distanced himself from the $355 million project. Though he is listed as a developer on the Trump Hollywood website, he said he simply licensed his name and was not involved in sales.

The $225 million mortgage on the 41-story oceanfront tower, completed in 2009, was part of $2 billion in troubled loans at closely held Related Group as of early last year, Matt Allen, chief operating officer of the Miami-based company, said yesterday in a telephone interview. Juanita Gutierrez, a spokeswoman in New York for HSBC Holdings Plc, which led the lending group that held the note, declined to comment.

“We’ll be a healthy company now that we’ve restructured this debt,� Allen said. The note was bought by a third party, whom Allen declined to identify.

Florida real estate

has yet to recover from the market collapse that began in 2007. The state ranks second behind Nevada in condo foreclosures and seized homes. Home prices in the Miami area are 47 percent below their December 2006 peak, according to the S&P/Case-Shiller index.

Related Group, founded in 1979 by Perez and New York developer Stephen Ross, will continue to manage and market units in the Trump Hollywood, Allen said. As of yesterday, sales had closed on 25 of the 200 units, which were listed at prices ranging from $900,000 to $7 million, said Patrick Campbell, the Trump Hollywood’s project manager.

Perez, who owns about 75 percent of Related Group, has reached restructuring agreements with syndicates led by HSBC, Bank of America Corp. and Scotia Capital Inc. since banks stopped financing his condo sales in response to plunging prices and tightened lending standards.

More than ever, Florida’s real estate opportunities

are drawing foreign investors from around the world. As the US dollar remains weak, many foreign currencies provide a significant discount on real estate, making luxury ocean front properties in Miami a possibility for more and more international investors.

Also consider that properties such as Turnberry Ocean Colony, Jade Ocean, Jade Beach, and Trump Towers are all going up in value. For instance, the average price for a Turnberry Ocean Colony condo was $538 per square foot in 2009, but had an increase in price to $634 in 2010. Purchasing one of these condos provides an excellent return on investment.

International investors also know that the amenities these condos provide have great appeal for many people. Each one of these condos provides a living experience that is both comfortable and luxurious. For example, Jade condos have large terraces with panoramic views, floor-to-ceiling glass walls, European designer fixtures, whirlpools, and spacious walk-in closets. This condo has a private beach, which offers a café and cabanas. You’ll also find a health club, spa, and the infinity-edge boat shaped Sunrise Pool, which overlooks the ocean. These amenities are just a few of what’s on offer at the beautiful Jade Beach condos.

The location of these ocean front properties are, of course, another great draw. They are all accessible to what Miami and Fort Lauderdale have to offer. Both cities offer an abundance of vibrant nightlife, attractions and dining options. All of this in addition to views of the blue Atlantic water and abundance of beaches makes South Florida’s luxury ocean front properties prime real estate.

Sunny Realty’s team speaks English, Russian, Spanish, German and Portoguese, and is available 24 hours a day, seven days a week to answer any questions you may have about buying, selling or investing in real estate in South Florida.

I had a great opportunity work with a Brazilian family in Miami searching for their second home in Sunny Isles. They were looking for a minimum of 3 bedrooms with no less than 2200 sqft. They expressed that it must have a spa with first-class treatments as well as a view of the ocean and intercoastal. The developments on the top of their list were Jade Beach, Jade Ocean, Trump Royal, Trump Palace, Trump Towers and Acqualina. An important aspect of the floor plan of the luxury Sunny Isles condo was the size of the bedrooms.

Our first visit was to Jade Ocean condo

which is one of the premiere luxury condo developments in Sunny Isles. Upon walking into the lobby there were very impressed by dramatic lobby. We viewed both the four bedroom “E� floor plan, and the three bedroom “D� floor plan. Even though they wanted the larger unit they felt the “E� floor plan layout was not functional because the fourth bedroom was too small. They really preferred the “D� because its layout was more functional.

The second visit was to Jade Ocean’s sister development Jade Beach condo

. They were equally impressed by the dramatic views of the Ocean from the lobby and the layout of the 3-bedroom floor plan “A�. They loved the two wraparound balconies, which had both Ocean and intercoastal views. In a compare and contrast with Jade Ocean and Jade Beach they preferred, Jade Beach’s floor plan but Jade Ocean’s amenities.

The next on our list to see was Trump Royal condo and Trump Palace condo

. They had high hopes for both developments and were not disappointed. In the lobby while waiting for the developer’s agent we discussed Brazil’s political situation with President Lula leaving office and his choice of Brazil’s finance minister Rousseff to be his successor. This conversation was cut short once the private elevator opened to the dramatic view of the 3-bedroom “A� floor plan. As soon as the elevator doors open you are greeted by a spectacular view of the ocean. The bedrooms are proportional and there is a view from every window. One aspect that gives the Trump’s Sunny Isles condo developments an advantage is the setback of the buildings are closer to the Ocean than any other buildings in Sunny Isles. The next stop was the Trump Royale, which is located directly to the North of Trump Palace. The Trump Royale is a newer than the Trump Palace, which my client immediately noticed once they walked into the lobby. Even the elevators are a new generation without buttons for residence’s floor; you just swipe your fab and it automatically jets you to your floor. Our focus in Trump Royal was on two floor plans, the “A� floor plan, (3 bed/ 3.5 bath 4025 sqft under AC) and floor plan “B�(3 bed/3.5 bath 3016 under AC). My clients were so impressed by Trump Palace and Trump Royal, they insisted on viewing Trump Towers too, so that was our next stop.

After being spoiled by Trump Royal’s lobby and stunning 4000 sqft unit it was hard to imagine something which could stand next to it. Even though Trump Tower’s lobby was impressive, Trump Royal had it beat but as soon as we walked into the unit it was demanding our respect. The “A� (2928 sqft under AC) unit with 3 bedrooms and 3.5 baths seamed flawless. As soon as the doors open the ocean rushes to greet you. The rooms are proportional, with a view in every room. The unobstructed south views from Tower 3 are priceless. As for the amenities no corner was cut and there is a gourmet restaurant in Tower 2, which all 3 Trump Towers share.

The last Sunny Isles luxury development on our list was Acqulina, which some consider the crown jewel of Sunny Isles Luxury Condos. My Brazilian clients said from the start Acqualina condo was on the top of their list because a world-class spa was important. As soon as we pulled into the valet and the eagerly gracious staff greeted them, my clients looked at me with approval. As the lobby’s double doors were opened for them you just felt this building’s service was on a different level. The floor plan of focus in Acqulina was the Toscana, which is a 3-bedrooms/3-bathrooms (2,750 sqft). This corner floor plan offers unbelievable views from the Ocean and intercoastal. Another unique feature is all the units have a gas stove for the cooking enthusiasts. We looked at the last designer ready unit in the building, which is just a blank canvass for an exquisite designer.

They said choosing is the difficult part after seeing the best of what Sunny Isles luxury real estate has to offer. They are cash buyers so they have more leverage with a quick closing and no contingencies. It has been a pleasure working with them and it will be interesting to see how they come to their decision.

The South Florida real estate

became a roller-coaster ride back in 2002 through 2007 due to loans and mortgages being cheap and readily available, thus condo flippers were flipping several times before the buildings were even built, resulting in artificially inflated prices. At the height of the condo flipping in 2005-2006, prices for some brand new projects, like Jade Ocean Sunny Isles hit as much as $1,200 per square foot….

Since then most of properties lost 30% to 40% because most of the buyers had bailed out leaving the developers struggling to complete the projects and to sell the units all over again. However, things are looking brighter on the horizon – the prices are back to affordable again and the buyers are looking to capitalize on it.

Two most popular condos in Sunny Isles – Jade Beach and Jade Ocean

are making a comeback again. Jade Beach is completely sold out as of beginning of 2010 and Jade Ocean is not 60% sold and closed. Of course the prices are no longer $1,200 per sq.ft., but more like $450 and $500 per square foot, which of course is lot more affordable and in line with today’s luxury ocean front properties in Miami.

Sunny Isles Beach real estate

is situated directly on the Atlantic ocean, between Golden Beach real estate which is north of Sunny Isles and Bal Harbour real estate on the south side. Aventura condos are located West of Sunny Isles.

The most recent addition to an already impressive Sunny Isles condos are the three Trump Towers offering some 813 luxury ocean front units. Trump Tower I is already completely sold out, Trump Tower II is about 85% sold out and Trump Tower III is scheduled to start the sell out on September 15th. The prices will vary between the lowest $365 per square foot to just over $400 per square foot for higher floors which offer 11 foot ceilings and expansive South East views of Downtown Miami and of course the ocean.

Gil Dezer, president of Dezer Properties, says of Trump Towers: “We really set the floor for pricing in Miami, here we are in a Trump Tower building, selling at below $400 a foot on the ocean. People are waiting for the bottom, and I think we hit the floor.�

Dezer is also in charge of the nearby Trump Palace and Trump Royale, named Trump Grande Sunny Isles, another high-rise development on Collins Avenue in Sunny Isles Beach. The complex also includes Trump International hotel.

“We were averaging $800 a foot before (during the downturn), and now we’re getting about $400 a foot; we’re down literally 50 percent,� Dezer says of Trump Towers.

Edgardo Defortuna, president and CEO of Fortune International Development, says “We sold Jade Beach at an average of $540 a square foot; the resales went up to $750 a square foot, but some of those buyers didn’t close, and we ended up taking those units back.� However, in the last six months, Fortune International has managed to resell the remainder of Jade Beach’s 248 units. The sister project Jade Ocean is now selling eight to 12 units per month at an average of $625 per square foot.

In January, Dezer Development decided to bet even bigger on Sunny Isles by assuming a $265 million loan from a development partnership that included the Related Group in order to take over sales of Trump Towers. Since then, Dezer has sold about 285 apartments at Trump Towers at an average of around $420 per square foot.

Part of this success is thanks to Sunny Isles’ beach location surrounded by wealthy enclaves. Golden Beach homes, full of multimillion-dollar mansions (Ricky Martin has one), recently completed a $30 million civic improvement project that included landscaping and an eco-friendly storm-water drainage system.

Nearby Bal Harbour condos offer most sought after ocean front properties as well as a shopping destination that rivals top shopping in the world, comparable and some think even better than Rodeo Drive and Europe. And Aventura is a quiet golf and beach destination favored by Michael Jordan and a sharp set who can’t stand the bustle of South Beach.

“Friends bring their friends, relatives recommend Sunny Isles to their loved one’s, because those who live in Sunny Isles Beach simple love it!â€� says Edgardo Defortuna. “The Sunny Isles market has become very attractive once again.â€�