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Tags:  Murano Condos, apogee miami beach, South of Fifth, miami beach condos, South Beach Condos, Continuum South Beach

The past four months of miami beach condo sales have been impressive, continuing to buck national real estate trends. Miami Beach real estate, especially for premier condo buildings in South Beach's highly desired South of Fifth neighborhood, continues to be in strong demand.

As the Spring / Winter season in Miami Beach comes to an end, we are continuing to see strong buyer demand for premier waterfront homes and condos. Especially in the premier waterfront luxury condo buildings, such as The Murano at Portofino, Continuum North and South Towers, Icon South Beach, Apogee, and The Il Villagio demand is outpacing supply causing condo price appreciation!Further North, along Collins Avenue, premier Oceanfront buildings such as The Setai, The Bath Club, The Akoya, and The Blue and Green Diamond condo buildings have seen impressive sales momentum in the 2010 - 2011 selling season.

Indeed, overall Miami Beach condo sales have been SO strong, that we've had many frustrated Buyers decide to purchase condos which were further down on their list desired preferences / amenities. We've had several of our top clients decide to purchase waterfront condos in Miami Beach that require extensive remodelling, since they were outbid for the premier Miami Beach corner condos with direct Oceanfront and/or Biscayne Bay views.

The last ninety days of $1 Million + Waterfront Miami Beach Condo Sales for zip codes 33139 and 33140:

Past Ninety Days Sales Miami Beach Condos - $1 Million + (Waterfront)
Closing DateADDRESSMiami Beach Condo Living Area Sales Price
4/27/20111455 OCEAN DR # BH-06IL VILLAGGIO3,550 $ 3,025,000
4/26/20111000 S POINTE DR # 1705Murano at Portofino1,407 $ 1,250,000
4/4/2011400 ALTON RD # 3203MURANO GRANDE3,058 $ 2,021,000
4/19/2011400 ALTON RD # 703Murano Grande3,058 $ 1,620,000
3/4/20111000 S POINTE DR # 3702MURANO AT PORTOFINO2,618 $ 2,200,000
2/7/2011100 S POINTE DR # 1110Continuum South2,122 $ 1,900,000
4/20/20111445 16 # LP-1CAPRI SOUTH BEACH2,970 $ 2,500,000
4/27/20111500 OCEAN DR # 10011500 OCEAN DRIVE2,320 $ 2,745,000
2/9/2011101 20 ST # 2708The Setai1,141 $ 2,100,000
4/18/2011800 S POINTE DR # PHAAPOGEE6,853 $11,500,000
4/25/2011100 S POINTE DR # TH-15The Continuum2,072 $ 1,425,000
3/1/2011100 S POINTE DR # 1005Continuum South Tower1,869 $ 1,650,000
3/7/2011450 ALTON RD # 1205Icon South Beach1,750 $ 855,000
2/14/2011400 S POINTE DR # 1510SOUTH POINTE TOWER1,559 $ 975,000
3/9/20111455 OCEAN DR # 1406Il Villaggio Condominium1,780 $ 1,900,000
4/29/2011300 S POINTE DR # 1802PORTOFINO TOWERS2,040 $ 1,480,000
3/14/20112201 Collins Ave # 828W South Beach Residences1,906 $ 3,300,000
4/28/20111000 S POINTE DR # 3502Murano at Portofino2,618 $ 2,200,000
3/28/2011400 ALTON RD # 1704Murano Grande1,425 $ 1,050,000
3/7/2011300 S POINTE DR # 1101PORTOFINO TOWERS2,340 $ 1,625,000
4/15/20111455 OCEAN DR # 1407IL VILLAGGIO1,810 $ 2,050,000
2/28/2011400 ALTON RD # 2404MURANO GRANDE2,974 $ 1,950,000
4/3/2011101 20 ST # 2308The Setai Condominium2,558 $ 4,600,000
4/8/2011100 S POINTE DR # 3204Continuum2,508 $ 3,270,000
2/11/2011450 ALTON RD # 3210ICON1,370 $ 940,000
4/12/20111800 SUNSET HARBOUR DR # 2202/4Sunset Harbour South2,246 $ 1,100,000
3/2/20111445 16 # LPH-3CAPRI SOUTH BEACH1,919 $ 1,392,000
3/16/20111445 16 ST # BL-302CAPRI SOUTH BEACH1,842 $ 1,680,000
4/15/20111470 16 ST # C301CAPRI SOUTH BEACH1,974 $ 1,925,000
3/2/20111100 WEST AV # TS-1Mondrian South Beach1,500 $ 1,395,000
3/23/2011800 S POINTE DR # 1402Apogee3,103 $ 4,995,000
2/25/20111000 S POINTE DR # 3002Murano at Portofino2,618 $ 1,880,000
3/18/2011450 ALTON RD # 3001ICON South Beach2,145 $ 1,800,000
3/5/20111000 S POINTE DR # 3102MURANO AT PORTOFINO2,618 $ 2,250,000
3/8/2011101 20 ST # 1701The Setai3,691 $ 3,950,000
2/22/2011100 S POINTE DR # 2901Continuum South Tower1,591 $ 1,550,000
2/22/2011400 ALTON RD # 2308Murano Grande1,600 $ 1,200,000
4/4/2011400 ALTON RD # 2208Murano Grande1,600 $ 1,200,000
4/14/2011400 ALTON RD # 2306Murano Grande2,024 $ 1,485,000
2/9/2011450 ALTON RD # 2002THE ICON1,933 $ 1,050,000
2/2/2011100 S POINTE DR # 1705Continuum1,869 $ 1,500,000
3/30/2011450 ALTON RD # 1502ICON South Beach1,933 $ 1,105,000
4/14/20111800 SUNSET HARBOUR DR # 1202/4Sunset Harbour South2,246 $ 1,125,000
3/10/2011300 S POINTE DR # 1605PORTOFINO2,340 $ 1,400,000
3/23/2011300 S POINTE DR # 3703PORTOFINO TOWERS2,550 $ 1,600,000
4/12/201150 S POINTE DR # 3003CONTINUUM NORTH TOWER2,306 $ 2,700,000
3/11/2011400 ALTON RD # 1904Murano Grande1,425 $ 1,025,000
3/18/20111500 OCEAN DR # 4051500 OCEAN DRIVE1,530 $ 1,040,000
4/19/2011100 S POINTE DR # 2401CONTINUUM ON SOUTH BEACH1,591 $ 1,350,000
3/23/2011450 ALTON RD # 3502ICON Condo1,933 $ 1,470,000
3/17/20111500 OCEAN DR # PH-81500 Ocean Drive1,170 $ 975,000
4/28/2011100 S POINTE DR # 1603CONTINUUM ON SOUTH BEACH1,365 $ 1,100,000
4/1/20116365 COLLINS AV # 2103AKOYA CONDOMINIUM1,761 $ 935,000
2/18/20115959 COLLINS AV # 705THE BATH CLUB3,807 $ 1,800,000
3/3/20114391 Collins # 722723Fontainebleau IIISorrento1,742 $ 980,000
2/25/20113737 COLLINS AV # S-502Caribbean2,326 $ 1,475,000
2/16/20115959 COLLINS AV # 802The Bath Club2,572 $ 1,400,000
3/22/20114775 COLLINS AV # 2503GREEN DIAMOND1,980 $ 1,295,000
4/28/20113737 COLLINS AV # S-1303The Caribbean1,621 $ 975,000
4/20/20115959 COLLINS AV # 607THE BATHCLUB CONDO2,959 $ 1,000,000

 

Tags:  South of Fifth Neighborhood, South Beach Condominiums, Bentley Bay, miami beach condos

The Bentley Bay in Miami Beach was originally conceived as one of the premier luxury waterfront condominium buildings in South Beach that was supposed to compete other Miami Beach luxury condominium buildings such as The Continuum on South Beach, The Murano at Portofino, The Portofino Tower, andIcon South Beach. The Bentley Bay's twin towers were to be the luxury gateway at the entrance to South Beach. Located just North of Fifth Street, these twin condominium towers have THE most amazing views of the Downtown Miami skyline, Star Island, Fisher Island, and Biscayne Bay. With only 168 total condominiums, these boutique twin luxury buildings featured Ivana Trump as the official spokesperson during pre-construction sales in 2001. However, the original Developer ran into many construction delays (reportedly due to his constant design / floorplan changes), and construction was ultimately delayed by several years and eventually completed under Bankruptcy court supervision.

By 2005, closings commenced and the North and South Towers continued to have construction issues, with repair work supervised by an experienced Bankruptcy Court Trustee. As the Florida real estate market collapsed, many underwater owners stopped paying their maintenance dues, and many individual condominium owners ended up in Foreclosure and sold their units as "short sales". During the worst of the Miami Beach real estate crisis, the Bentley Bay condominium maintenance delinquency rates rose to almost 50%. However, in the past year, a new and more assertive Board of Directors was elected, and delinquency rates have dropped considerably. Lately, the Bentley Bay's financial reserves and overall management have vastly improved.

As of this writing, these spectacular luxury condominiums are some of last remaining bargains in Miami Beach's luxury condo market. The Bentley Bay Board of Directors has pending plans to upgrade and repair the Common Area Hallways, North and South Tower Lobby's, Gymnasium, and entry pavers and doors.

IF these planned upgrades proceed forward in a timely and efficient manner, I predict that The Bentley Bay will soon fulfill the promise to being one of THE premier luxury condominium buildings in Miami Beach. For savvy cash buyers, who have lately been betting on this fantastic location, overall design & features, this may turn out to be one of the best opportunites in Miami Beach's waterfront Real Estate market.

The Bentley Bay condominiums themselves feature many ultra-luxury features such as:

- 9' Floor to Ceiling Windows and Sliding Glass Doors
- All-Marble Bathrooms with Kohler sinks and Italian Fixtures - see a few sample pictures below
- Marble Countertops and Italian Appliances (North Tower has top of the line GE Stainless Steel Appliances)
- Italian lighting and custom framed Italian Doors
- A unique waved designed building- conceived by Architectonica
- Oversized Glass Balconies (wrap around for corner condos)
- A Boutique Building- just 168 total condos
- Premier location at the entrance to South Beach, facing Biscayne Bay / Star Island Estates
- Riperian Rights Retail Space located on the ground floor (currently empty) that sits across from the 5th & Alton Shopping Center AND soon to be announced new retail mall located between West Avenue and Alton Road.

Bentley Bay Condominium South Beach

Miami Beach Condominium Bentley Bay View


Miami Beach's Bentley Bay Past Eighteen Months of Closed Sales:

Miami Beach's Bentley Bay Eighteen Months Closed Sales
Closed DateADDRESSMiami Beach Condo Building List Price Living Area LP$/SqFt Sold Price
10/15/2009540 WEST AV # 714BENTLEY BAY CONDO $ 459,000 1,058 $ 434 $ 455,000
3/29/2010540 WEST AV # 1413THE BENTLEY BAY $ 360,000 777 $ 463 $ 360,000
1/22/2010540 WEST AV # 2413Bentley Bay $ 447,500 777 $ 576 $ 410,000
10/30/2009540 WEST AV # 812The Bentley Bay North $ 325,000 779 $ 417 $ 319,000
5/28/2010540 WEST AV # 1414The Bentley Bay $ 430,900 1,058 $ 407 $ 430,000
8/27/2010540 WEST AV # 1514Bentley Bay $ 465,000 1,058 $ 440 $ 450,000
4/1/2010540 WEST AV # 2014Bentley Bay $ 489,000 1,058 $ 462 $ 450,000
5/11/2010540 WEST AV # 2414THE BENTLEY BAY CONDO $ 690,000 1,058 $ 652 $ 480,000
12/13/2010540 WEST AV # 412BENTLEY BAY $ 339,000 779 $ 435 $ 320,000
12/21/2010540 WEST AV # 1513THE BENTLEY BAY $ 345,000 777 $ 444 $ 358,000
9/2/2010540 WEST AV # 1411THE BENTLEY BAY CONDO $ 460,350 1,252 $ 368 $ 460,350
8/31/2010540 WEST AV # 1711THE BENTLEY BAY $ 470,000 1,252 $ 375 $ 470,600
10/9/2010540 WEST AV # 2214Bentley Bay $ 485,000 1,058 $ 458 $ 485,000
1/31/2011540 WEST AV # 711THE BENTLEY BAY $ 465,000 1,331 $ 349 $ 465,000
8/11/2010520 WEST AV # 1003BENTLEY BAY $ 369,000 776 $ 476 $ 347,000
3/23/2011520 WEST AV # 1102THE BENTLEY BAY CONDO $ 600,000 1,499 $ 400 $ 500,000
2/8/2011520 WEST AV # 1402Bentley Bay $ 557,000 1,499 $ 372 $ 530,000
1/25/2010520 WEST AV # 2103THE BENTLY BAY $ 549,000 1,175 $ 467 $ 499,005
4/7/2010520 WEST AV # 1004BENTLEY BAY $ 280,000 776 $ 361 $ 280,000
12/21/2009520 WEST AV # 1801Bentley Bay Condo $ 875,000 1,994 $ 439 $ 751,250
6/7/2010520 WEST AV # 1201Bentley Bay Condo $ 870,000 2,158 $ 403 $ 750,000
11/22/2010520 WEST AV # 1702Bentley Bay $ 725,000 1,929 $ 376 $ 725,000
12/29/2010520 WEST AV # 1803THE BENTLEY BAY CONDO $ 399,000 1,175 $ 340 $ 365,000
11/29/2010520 WEST AV # 2001The Bentley Bay $ 750,000 1,994 $ 376 $ 665,000
12/23/2010520 WEST AV # 1204Bentley Bay $ 329,000 776 $ 424 $ 319,000
2/16/2011520 WEST AV # 1005The Bentley Bay $ 450,000 1,210 $ 372 $ 415,000
2/18/2011520 WEST AV # 1103THE BENTLEY BAY CONDO $ 250,000 776 $ 322 $ 250,000
1/19/2010540 WEST AV # 2011THE BENTLEY BAY $ 675,000 1,252 $ 539 $ 500,000
7/28/2010540 WEST AV # 814Bentley Bay $ 400,000 1,058 $ 378 $ 422,500
4/1/2011540 WEST AV # 212THE BENTLEY BAY $ 231,900 777 $ 298 $ 243,000

 

Tags:  Icon South Beach, South of Fifth, South Beach Condos, Murano at Portofino, miami beach condos, Continnuum South Beach

This past week, I had the opportunity to work with several clients (all Cash Buyers) who looking for purchasing opportunities in the waterfront luxury condo buildings South of Fifth Street: The Murano at Portofino, The Continuum South Beach, Murano Grande, Icon and even The Bentley Bay.

These Miami Beach Condo Buyers- are finding amazing opportunities in some of the lesser known South of Fifth Waterfront Buildings! I've recently made several cash offers at The South Pointe Tower in South Beach. Being an older condominium with late 1970"s construction standards, The South Pointe Tower had not been considered the most "IN" condo building. However, this South Beach condo offers an incredible location next to The Portofino Tower (part of the same Master Association) and has recently been renovated inside and out. Also, the common area hallways are currently being updated with new doors, carpeting, and other improvements. I'm amazed that in this older condo building- due to its amazing location South of Fifth Street (behind South Pointe Park and facing Fisher Island) - almost ALL the available inventory has sold out !!!

Miami Beach South of Fifth Condos

The Latest Sales Data for the South Pointe Tower Condos in Miami Beach's South of Fifth Neighborhood:

South Pointe Tower Last 12 Month Condo Sales
Closed DateADDRESSProperty Name List Price Living Area LP$/SqFt Sold Price SP$/LP$
5/4/2010400 S POINTE DR # 2004SOUTH POINTE TOWER $ 1,195,000 1,802 $ 663 $ 1,050,000 88
5/26/2010400 S POINTE DR # 1410SOUTH POINTE TOWERS $ 1,049,000 1,559 $ 673 $ 880,000 84
7/10/2010400 S POINTE DR # 1007SOUTH POINTE TOWER $ 575,000 858 $ 670 $ 525,000 91
2/14/2011400 S POINTE DR # 1510SOUTH POINTE TOWER $ 1,195,000 1,559 $ 767 $ 975,000 82
3/18/2011400 S POINTE DR # 1107south pointe towers condo $ 550,000 858 $ 641 $ 525,000 95
12/29/2010400 S POINTE DR # 1404SOUTH POINTE TOWERS $ 995,000 1,802 $ 552 $ 845,000 85
12/17/2010400 S POINTE DR # 1603SOUTH POINTE TOWER $ 995,000 1,271 $ 783 $ 960,000 96
1/5/2011400 S POINTE DR # 2104South Pointe Tower $ 1,195,000 1,802 $ 663 $ 925,000 77
3/8/2011400 S POINTE DR # 309SOUTH POINTE TOWER $ 495,000 950 $ 521 $ 450,000 91

 

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