Now that Trump Tower I Sunny Isles is completely sold out

and Trump Tower II is 85% sold, many investors are scoping out the prospects of buying a Trump Tower III condo. For under $1M, a 2600 square foot luxury ocean front condo on a higher floor can be purchased.

The name Trump conjures up ideas of luxury and high class. These attributes are available to Trump Tower Sunny Isles condominium owners. Amenities in these condos include a superb three-story lobby, 250 feet of sugar-sand Atlantic Ocean front, 24-hour concierge, three levels of covered parking with high security, a beautiful porte-cochere entrance with 24-hour valet service, an elegantly landscaped oceanfront terrace with a heated swimming pool, poolside bar, and spa, a state-of-the-art fitness center, floor-to-ceiling windows, Italian designed cabinetry, private elevator foyers, and panoramic ocean, intracoastal and city views.

Depending on the amount of capital one wants to invest, Trump Towers offers a variety of units, from three bedrooms with terraces facing the ocean to two bedrooms facing the city. All options are unique and lavish in their features. One look at these condos, which are situated on prime oceanfront property, will be enough enticement to peak investor interest.

The Trump Towers Miami Beach

are within easy reach of South Beach. As far as shopping is concerned, the Aventura Mall and Bal Harbour are a walk away. If the Atlantic coastline isn’t enough to draw prospective buyers, then Miami’s vibrant nightlife, attractions and dining options might be the icing on the cake that will.

Investors from around the globe have their eyes on the Trump Towers as a solid investment opportunity or for a pleasurable and luxurious getaway. Visit our website link to the Trump Towers or contact us at any time to learn more. A complete listing of available condos is provided.

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.

Everyone wants to have a place near the beach, a place where he or she can relax and soak up the sunshine. Whether they are using the condo as a second home to visit during the cold winter months, or they are planning to make a move to Florida. It’s important that they are able to find a good deal on their oceanfront condo though.

Fortunately, the real estate market in Sunny Isles Beach

offers just what they need. The condominiums are close to the beach and the water, and the prices are low enough that they will be able to afford a beautiful luxury condo. While many of the condominiums are perfect for year round occupancy, many use them as vacation homes and rent them out during other times of the year.

The community of Sunny Isles Beach is located on a barrier island with the Atlantic Ocean on one side and the Intracoastal Waterway on the other. The beach is never more than a short distance away. The area is also close to Miami and Fort Lauderdale, where residents will be able to enjoy all of the activities in the thriving cities.

Making the move to Sunny Isles Beach

is a great choice. New developments, and rebuilding and restructuring of outdated units, is sure to bring even more families to the already thriving area.

With the prices now at levels that more people are going to be able to afford, it is the perfect time to buy Sunny Isles Beach oceanfront condo.

Currently you can get great deals in Jade Ocean, Trump Tower II as well as Ocean Three. Contact our offices today and we’ll provide a list of oceanfront condos in Sunny Isles at discounted price.

It is not often that you have the opportunity to purchase property in one of the most exclusive condominium developments in the nation. When the chance arrives, you should jump at it with all of your resources. That time is now. Trump Towers III in Sunny Isles, Florida has units available for the discerning buyer, and the amenities that accompany a condo purchase are second to none.

The residences have several features that you will not find in other developments. For instance, the units all feature private elevator foyers, panoramic ocean views, high ceilings, upgraded appliances, imported materials, and designer finishes. These all combine for a living experience that is second to none.

If that isn’t enough to convince you, the amenities surely will be. The Trump Towers III has 250 feet of private, sandy beach on the Atlantic Ocean. The security services and concierge services are available to residents and visitors twenty-four hours per day. After a hard day at work, you can enjoy one of the beachfront cabanas, a card game in the clubroom, the swimming pool, or the state-of-the-art fitness center and health spa. There are attendants available throughout the day wherever you look, so you will always enjoy the very best service.

There are several floor plans available, depending on your individual needs. The unique building design maximizes the windows for ocean views from every residence, no matter the size of your residence. No matter the size of your family, you will find that there is a spacious and elegant residence that fits. Contact a Sunny Isles real estate agent that has experience with luxury living to arrange for a viewing as soon as possible. You will need someone that understands the condominium life, so don’t be afraid to interview several until you find the right person to guide you through the transaction.

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€�

Sunny Isles Beach Real Estate is rebounding

According to the latest reports, the supply is going down, diminishing the inventory of condominiums for sale in Sunny Isles Beach, Florida. The demand for brand new luxury ocean front condos is definitely increasing as well as number of sales and pending sales. The number of pending sales in Miami has increased from 5,120 to 5,832 in just 2 months. This is a sure sign of a rebounding real estate market and well as healthier U.S. economy in general.

If you’re looking to buy a Sunny Isles Beach condo

now is the best time to do it. The prices are down 30% to 40% off of the pre-construction prices. In many cases, the developers will do the marble flooring, closets, etc. In general you get much more for your buck these days by buying top line condos.

On the top of our list is Trump Tower II Sunny Isles at only $370 per sq.ft.

This ultra-luxury condominium offers private beach, beach-side cabanas, private restaurant, top of the line gym, 5-star amenities and service, valet, concierge, etc. However, the best selling feature of this brand new ocean front condo is the 10 foot ceilings and after 32nd floor – 11 foot ceilings. This not only adds cubic feet space to your unit, but is an important feature for European buyers. Trump Towers Sunny Isles Beach offers an excellent value on an extraordinary luxury residence.

Next on our list is Jade Ocean Sunny Isles

Residences at Jade Ocean are designed for maximum comfort and relaxed luxury living. All units in Jade Ocean have direct ocean views, ultra-modern European kitchens and baths are equipped with top quality appliances and custom finishes and countertops. Right now, Jade Ocean residences are available for as low as $550 per foot, down almost 50% off original preconstruction price. This project was designed by Carlos Ott, one of the most recognized architect of our time. Mr. Ott had designed world famous Burj Al Arab in Dubai and Shanghai Theater. In our opinion, Jade Ocean will be the most desirable and prestigious condo in U.S.

Turnberry Ocean Colony

is the most luxurious residence in South East Florida. Prices have stabilized at this luxury complex, however you can still get a great deal at as much as 30% off. Turnberry Ocean offers very spacious units all with direct ocean views and the latest and greatest appliances and building materials. This is a truly one of a kind, superbly managed complex with daily activities for it’s residents. The prices will go up once the market rebounds and Turnberry Colony will be the first to appreciate in value.

Trump Towers Sunny Isles Beach Florida – Now Owned By Dezer Properties

Here is most recent article about Trump Towers Sunny Isles that was published in The Miami Herald. Dezer Properties has taken over the ownership stake at the mega complex and is selling it now below the market price! Here is full story:

Dezer Properties has taken over the Miami mega-condo developer’s ownership stake at Trump Towers in Sunny Isles Beach and is assuming the remaining debt on the property.

Condominium prices are being cut by at least 30 percent at the newly built skyscrapers, said Dezer Properties President Gil Dezer, as the company tries to unload hundreds of unsold units amid a troubled real-estate market.

Real-estate experts say the prices now rank below competing new oceanfront properties countywide.

The Trump Towers is a three-tower

813-unit project – an oceanfront condominium in Sunny Isles Beach located at 16001 Collins Ave. was co-developed by Related and Dezer — with Related responsible for construction and financing and Dezer in charge of sales and marketing, Dezer said. The towers derived their name through a licensing deal with New York real-estate mogul Donald Trump.

Following three months of negotiations with lenders, Dezer said his company assumed the former partnership’s $265 million loan on Dec. 31, 2009. He declined to comment on other financial aspects of the deal with Related, but said it was “an amicable split.”

“It was a matter of Related CEO Jorge Perez having a lot on his hands and us being in the Sunny Isles market and being the best fit to handle this,” Dezer said. The Dezer family-owned business holds 45 acres of oceanfront land in Sunny Isles Beach, with sites for eight more buildings, he said.

Related Associate General Counsel Betsy McCoy declined to comment on the deal on Thursday.

OTHER PROJECTS

Trump Towers is not the first project that Related, among the most aggressive developers during the real-estate boom, has exited.

Last July, Related surrendered ownership of the 420-unit CityPlace South Tower in West Palm Beach to a group of partners led by Toronto-based Scotia Capital.

And the company has been negotiating for months with lenders regarding its $1 billion ICON Brickell project, a three-tower, 1,800-unit luxury development in the 400 block of Brickell Avenue in Miami. McCoy also declined comment on ICON.

“We plan to do more projects together,” Dezer said of Related, declining to discuss specifics, but adding that an architect for a new project had just left his office. “I will take Jorge as a partner any day of the week because he is a great partner.”

The Dezers — Gil and father Michael Dezer — also developed Trump Grande in Sunny Isles Beach, a three-building oceanfront enclave that includes the Trump International Beach Resort, built in 2003; Trump Palace, completed in 2006 and sold out; and Trump Royale, which was finished in 2008 and is 60 percent sold out. In addition to their South Florida properties, the Dezers’ holdings include 27 buildings in New York.

CHANGING MARKET

For Trump Towers Miami

Wells Fargo, the lead agent of a syndicate of 11 banks, extended financing for four more years, giving the company time to sell the remaining 435 unsold units, Dezer said. Prices now range from $350 per square foot for most units to $600 a square foot for penthouses, he said.

“It’s like a relaunch. What we originally sold was preconstruction with 20 percent down, and we had almost 900 units spoken for,” Dezer said. “Then the crisis hit as we called for closings, and many buyers had their situations changed. So we’re selling the units back in inventory.”

Each of the three 45-story towers has 271 units. Tower I has 260 units sold, and Tower II is about 40 percent sold with 105 sold, he said. During the next two to three months, Dezer will send out closing notices to those who put down deposits on Tower III, and give them the option to move over at a reduced price to Tower II. Tower III was sold out at an average price of $720 per square foot, with some sales at more than $1,000 a square foot, Dezer said.

During preconstruction sales a few years ago, Trump prices began at $600 to $700 a square foot, said Craig Studnicky, president of International Sales Group, an Aventura real estate sales and marketing firm that specializes in Sunny Isles Beach real estate and Aventura.

At $350 a square foot, the price now is even below replacement cost, Studnicky said. “If they went to build today, it would cost $400 to $450 a square foot, including land.”

However, Trump Towers’ new prices reflect the current glut of unsold units, said real-estate analyst David Dabby.

“I think $350 is the low end of the oceanfront in Miami-Dade County,” said Dabby, president of Coral Gables-based Dabby Group Advisors. “Miami Beach is significantly higher, primarily due to a lack of new inventory and higher demand.”

Related’s move and the price reduction also demonstrate developers are cutting losses. During the boom, Related was the most prolific condo developer in Miami, Dabby said.

“There’s no future for new construction until the overhang is gone,” he said. “They have to get rid of the problem before they can even think of the next project.”

Sunny Isles Beach Condos and Sunny Isles Real Estate

are one of the nation’s premiere playgrounds for rich and famous and has traditionally sold very well as far as ocean front real estate is concerned. However, the recent economic meltdown (that continues to reverberate through much of the nation), slowed that down somewhat. While the area never suffered the hideous fate that affected most of the US, it did slow. Today, that seems to be a thing of the past.

As an indicator if the area’s increasing health and rebounding economy, Sunny Isles Beach real estate and Bal Harbour real estate has begun to increase in sales frequency. For example, Acqualina Sunny Isles Condos reamin the top seller as well as Turnberry Colony Sunny Isles. However, since the prices have declined somewhat, almost all ocean front condos have recorded recent sales. Condos like Ocean Four, Trump Palace and Trump Royale has also experienced an upswing in the number of units sold. Of course, two properties do not make a marked upswing, or even a viable trend. However, when you throw in the fact that units have sold in Sands Pointe, Pinnacle Sunny Isles, Jade Beach and Jade Ocean Sunny Isles, you begin to see the truth.

While the rest of the nation might be experiencing a minute alleviation of the economic crisis, Bal Harbour condos and Sunny Isles luxury condos are booming once more. However, for those interested in investing in South Florida real estate, the prices for these luxury condos are still very low. You can purchase a high-end residence for a fraction of what it would have cost two years ago. That said, those prices will not last long, as the demand continues to increase and more people flock to the area to take advantage of these deals.

All in all, the economy of Sunny Isles Beach and Bal Harbour is a great place to make a lasting investment in luxury condo real estate. However, that investment is best made quickly, while prices are reasonable.