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Tags:  Art Basel Miami Beach, miami beach condos, Continuum South Beach, South of Fifth Condos, Murano at Portofino

Miami Beach Art Basel

We have several clients that are actively involved (as curators and purchasers) at the upcoming Art Basel in and around Miami and Miami Beach. Those that appreciate the true value and beauty of contemporary Art and are most active with Art Basel in Miami Beach, happen to enjoy and own in the premier contemporary South of Fifth condo buildings in Miami Beach:The Murano at Portofino, The Continuum on South Beach, The Portofino Tower, and at Apogee South Beach.

Starting on December 1 and officially closing on December 5, Art Basel in one of the premier Cotemporary Art Expositions and Sales Fairs that take place in the world. Art Basel in Greater Miami and Miami Beach is another example of the excitement, celebrities and money that comes to our Island Paradise every Winter Season. Also, every year new venues pop up during Art Basel, setting the bar even higher for a standard of excellence. Many are predicting that the Soho Beach House, the private club that opened at 43rd Street and the ocean, will be the center of the universe at this Art Basel. Members of the club include artsy types, publicists, socialites, artists, designers and actors: for example Zac Efron in Hollywood, Jude Law in London, and Zac Posen in New York. Here in Miami, the designer Niki Di Stagni signed on months before the club opened, and you can be sure that superstar basketball players and recording stars will be members.

Miami Beach Art Basel

Below are highlights of the major events that will be happening in Miami Beach. For a complete and official guide to all Art Basel Events, click HERE :

1-Dec Art Basel-Vernissage Miami Beach Convention Center 6PM-9PM Cost : None
Invitation Only-The convention center is open Dec 2nd-5th to the public for a admission fee

1-Dec Creative Caribbean Network at the Bass 2121 Park Ave. 8PM-11PM Cost : None
Opening reception 10,000 waves by Isaac Julien

Dec 3-Dec 5 Pool Art Fair at the Carlton Hotel 1433 Collins Ave.3PM-10PM Cost: $10
Pool's Purpose is to create a meeting ground for outstanding artists, primarily those that don't have gallery representation.

Dec 1-Dec 5 Aqua 10 Aqua Hotel-1530 Collins Ave. 8PM-11PM VIP Preview
Organized by Seattle artists & dealers, 40 galleries

Dec 1-Dec 5 Ink Miami Art Fair Dorchester Hotel Cost: None
1850 Collins Ave. 10AM-7PM
Organized by Seattle artists & dealers, 40 galleries

Dec 1-Dec 5 Design Miami at Design Miami Venue Meridian & 19th Ave. 12PM-8PM Cost: $25
The foremost design collectors & enthusiasts interact. with a diverse selection of exhibitions featuring rare works by pioneering modernists & one-off limited-edition pieces

Dec 1-Dec 3 The Vogue Lounge at the Raleigh Hotel 1775 Collins Ave. 12PM-9PM Cost: None
A temporary shopping lounge for Art Basel w beats by South Florida female DJ duo Ess & Emm

2-Dec 7th Annual Masters Mystery Art Show The Ritz-Carlton 2PM-7PM Cost: None
1500 artworks 6"x9" for $50

Dec 2-Dec 5 Zoom Art Fair at South Seas Hotel 1751 Collins Ave. 12PM-8PM Cost: $15
In its inaugural year, ZOOM will present a selective group of regional & international galleries representing artists from the Middle East & Diaspora. An Art Basel Satellite Event.

Dec 3-Dec 5 Verge Art Fair at The Catalina Hotel 1732 Collins Ave. 12PM-8PM Cost: $10
Verge exists to establish boundaries of the extraordinary as a counter to the natural compulsion towards stagnation.

Dec 2-Dec 5 NADA Art Fair at Deauville Resort 6701 Collins Ave. 11PM-8PM Cost: None
Presented by a not-for-profit collective of professionals working w contemporary art to create an open flow of information.

 

Tags:  South Beach Condos, Continuum Condos, miami beach condos, South of Fifth Neighborhood, Continuum South Beach, Murano at Portofino

This week we've had some spectacular November Fall Days in Miami Beach, and I happen to be fortunate enough to have enjoyed the amenities at The Continuum in the South of Fifth Neighborhood. A little known fact to many visitors - located directly on the grounds of The Continuum South Tower is an excellent restaurant that is open ALL day (until 5pm). You can lunch on a gourmet salad, incredible fresh catch entrees, and plenty of other healthy fare available ONLY to residents and guests of The Continuum condos. Also, this is a SPECTACULAR place to just sit and admire the incredible views of the Ocean, the Continuum Lagoon Pools, and the impeccably landscaped & beautiful grounds.

Continuum on South Beach

The most desireable neighborhood within the roughly 23 block area of South Beach is the South of Fifth neighborhood, where the twelve acre Continuum grounds are located. Miami Beach's South of Fifth neighborhood is home to a few other popular luxury buildings such as The Portofino Tower, Apogee, The Murano at Portofino, Murano Grande, and Icon South Beach. South Beach is a neighborhood of Miami Beach, not a city itself, and South of Fifth is a sub-neighborhood within this 23 block area. The South of Fifth Street neighborhood became popular in the late 1990's, when the Portofino Tower began construction with Thomas Kramer as the primary developer (who was eventually replaced by Related Group's Jorge Perez). For more information about South of Fifth development history, click HERE. Arguably, the amenities of the Continuum are the BEST OF THE BEST due to the twelve incredible Oceanfront acres at the southernmost tip of Miami Beach. The nearby Apogee and Murano at Portofino are also considered premier real estate, with Apogee being the most expensive condos South of Fifth, and the Murano at Portofino featuring the famous Piaggia Beach Club.

Murano Portofino Condo Miami Beach

Upon arriving at The Continuum from South of Fifth's South Pointe Drive, you'll notice the 24 hour guard gated facility that methodically restrict access ONLY to registred guests and residents. The other buildings in the immediate area that have this added level of security are the next-door Portofino Tower that shares common area with the older South Pointe Tower. However, The Continuum is a condominium property at another level of sophistication and luxury, with TWO oversized lagoon-style pools with towel service, the aforementioned restaurant, THREE lit, wind-protected sunken clay tennis courts, a 15,000 multi-level fitness center, spa, a completely gated twelve acre oceanfront complex, 24-hour roving security guards, 24-hour valets in each tower, a highly trained concierge staff, private elevators and foyers, beach towel and food services, a business center at Continuum North and South Towers, and a resort lifestyle. All of these amenities, services, a uniquely beautiful & contemporary architectural style, and a premier oceanfront location make The Continuum on South Beach a condominium property like no other!

 

Tags:  Miami Beach Short Sale Condos, South of Fifth Neighborhood, South Beach Condominiums, miami beach condos

Many of my long-time clients have been asking me why I believe Miami Beach waterfront condominium prices have bottomed? In the newer luxury condo buildings in Miami Beach, the inventory of WATERFRONT condominiums is rapidly dwindling. Some of you reading this may be asking yourselves "Is the inventory of condominiums on MLS dramatically going down?" Of course not! The examples below once again illustrate that when premier waterfront condos are PRICED CORRECTLY, they SELL! Miami Beach condos that are not priced correctly simply sit on the market, with little traffic and usually NO offers.

The point of this blog post is to give readers my market experience and translate our team's "on the field" experience. Waterfront Miami Beach condominiums that are in PRIME locations and PRICED RIGHT (according to the last three months of closed sales) are diminishing rapidly. The "short sale / distressed" inventory in the newer waterfront buildings such as The Portofino Tower, The Continuum on South Beach, The Sunset Harbour, and even the troubled The Bentley Bay are exactly Fifteen (15) condominiums available as today- November 5, 2010.

A sampling of South Beach Waterfront "Short Sale" Condos as of November 5, 2010 in the following buildings:

Portofino Condos Miami Beach
The Portofino Tower #1406
300 South Pointe Drive
Miami Beach, Florida 33139
Remarks: This is a two bedroom condominium at The Continuum with partial Ocean & Intracoastal views.
In my opinion, condo is still NOT correctly priced by listing Broker.
Today's Asking Price: $1,390,000
Previous “Sold” Price : $1,160,000 (6/2006)
2010 Tax Assessed Value: $713,390
Bedrooms: 2
Bathrooms: 3
Condo S.F.: 2,040
Total Days on Active Market (Multiple Listing): 1,000 + Days (Various Brokers)

The Portofino Tower #1002- South of Fifth Neighborhood
300 South Pointe Drive
Miami Beach, FL 33139
Remarks: This is a lower floor two bedroom condominium with partial views, with an inaccurate Broker Price Opinion.
Approved Short Sale Price: $920,000 (as of 3/20/10)
Original Listed Price : $1,150,000 (6/2009)
Previous “Sold” Price : $1,250,000 (3/2006)
2010 Tax Assesed Value: $759,000
Bedrooms: 2
Bathrooms: 3
Condo S.F.: 2,040 ($450/SF)
Days on Active Market (Multiple Listing): 365+ Days
Discount from Original Asking Price: 23%

Miami Beach Condos Sunset Harbour

The Sunset Harbour - North Condominium #1902/4 (Combined)
1900 Sunset Harbour Drive
Miami Beach, FL 33139
Remarks: This is a premier & oversized four bedroom condominium at Sunset Harbour with direct Bay views.
Approved Short Sale Price: $1,050,000
Original Listed Price : $1,950,000 (2005)
Previous “Sold” Price : $650,000 (1997)
2010 Tax Assessed Value: $964,560
Bedrooms: 4
Bathrooms: 3
Condo S.F.: 3,120 ($336/SF)
Days on Active Market (Total Multiple Listing): 1,000 + Days (Various Brokers)
Discount from Original Asking Price: 46%


Bentley Condos South Beach
The Bentley Bay- South Tower in Miami Beach
520 West Avenue #1102
Miami Beach, FL 33139
Remarks: This is a premier & oversized four bedroom condominium at Sunset Harbour with direct Bay views, with a inaccurate Broker Price Opinion.
Approved Short Sale Price: $600,000
Original Listed Price : $1,150,000 (5/2010)
Previous “Sold” Price : $975,000 (2005)
2010 Tax Assesed Value: $441,660
Bedrooms: 2
Bathrooms: 2
Condo S.F.: 1,499 ($400/SF)
Days on Active Market (Multiple Listing): 800+ Days
Discount from Original Asking Price: 48%

Sales Data Sources: Southeast Florida Multiple Listing Service and Greater Miami Realtors Association

 

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