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Tags:  Miami Condos, celebrity penthouse condo sale, jade brickell condo, miami penthouse

For Immediate Release- Celebrity Penthouse in Downtown Miami SOLD
Miami, February 23, 2012

TheKleerTeam, Miami's Luxury Condo Specialists, just sold Luis Miguel's Penthouse Condominium located in Downtown Miami at Jade Brickell on Biscayne Bay. Allan Kleer from Fortune International Realty's TheKleerTeam was the Exclusive Seller's Agent.

Luis Miguel, often referred to as "El Sol de México" is also known for his high-grossing tours and his outstanding live performances, and is a widely recognized worldwide performer. Combining the International Marketing resources of TheKleerTeam and Fortune International Realty, this unique residence was promoted to Top Partner Brokers in Europe and Latin America. The Buyer of this Palace in the Sky was a Dutch foreign national, who closed on the all-cash transaction in ten days.

Jade Brickell Penthouse #4605 is a flow through residence (East to West) with three balconies, a total of 3,860 Sq. Ft. of living space, with 4 bedrooms and 4.5 baths. The Condo was sold furnished, and was on the market for approximately four months. This Mayan-themed, custom designed flow-through residence is located on the 46th floor of the Jade Brickell Condominium Tower, with a private elevator that opens directly into the Living Room. Mr. Miguel had hired an Interior Designer to create his own custom floorplan for this unique Penthouse Residence. As a result, the Penthouse can be converted into a grand entertainment space, by opening the custom designed sliding glass doors off of the the Master Bedroom which lead into the Living Room and Kitchen. This incredible Penthouse condo features expansive views of Bicayne Bay, the Atlantic Ocean, Key Biscayne, the Port of Miami, and the City of Miami Beach in the distance.

About Allan Kleer PA and TheKleerTeam
Allan Kleer, M.B.A., P.A. leads one of Greater Miami's Top Real Estate Teams for over 13 years. A graduate of the University of Michigan, with a Master’s in Business Administration in International Target Marketing. Having successfully sold and closed over $100 Million in both luxury residential and commercial properties in Greater Miami, Miami Beach, Bal Harbour, Sunny Isles Beach, and South Beach. Allan attributes his success to an extensive international network, a thoroughly trained and professional team of Agents. The KleerTeam is committed to bringing added value to every real estate transaction. Allan and his team of agents are fluent in English and Spanish, with a working knowledge of French and Portuguese.

The KleerTeam’s formula for success is the implementation of a truly international and aggressive marketing campaign, combined with state-of-the-art property promotion tools and over 25 years of combined real estate sales experience. The Team’s combined expertise, strong emphasis on teamwork, attention to detail & partnership with Fortune International Realty, are at the core of a successful approach to real estate sales success.

LUIS MIGUEL'S JADE BRICKELL PENTHOUSE

 

Tags:  Miami Beach Real Estate, South of Fifth Condos, miami beach condos, murano miami beach condos, continuum miami beach

Over the past year, we're seeing Miami Beach luxury condo buyers come from all across the globe. Close to 50 percent live in another country, and the balance are people who may live in the USA and have taken advantage of the price corrections of the past few years to purchase a second (or even third) waterfront luxury property in Miami Beach. Additionally, many foreign buyers purchase under an LLC corporation as a way of hiding assets from foreign tax authorities. They tend to have a local mailing address, which can belong to a registered agent or their accountant and/or attorney's local office address.

In spite of the recent ups and downs of the real estate industry in the United States, and Greater Miami in particular, it's still a safe investment environment by global standards. Among our top clients, there's always the mindset that if something is wrong anywhere else, the U.S. is a relative safe harbor to invest cash. For example, many Latin American real estate investors are looking for a safe haven from government expropriation of private bank accounts and real estate assets, such as what occurred in Argentina and Venezuela this past decade.

Greater Miami has become the destination place for many different cultures from Latin America- with the top luxury waterfront condo buyers coming from Brazil, Argentina and Eastern European countries. Particularly for Miami Beach condo buyers, the allure to its climate, newly revitalized cultural life, security, the beaches, and its international flavor have increased the appeal of waterfront luxury condos- most especially in the premier areas such as Miami Beach's South of Fifth Street Neighborhood.

South Beach Condos - south of fifth neighborhood

In particular, ultra-luxury waterfront buildings such as The Continuum on South Beach, Apogee Miami Beach, The Portofino Tower, and The Murano at Portofino have witnessed dramatic declines in active listing inventory, and increases in sales prices. For example, the latest sales at The Continuum on South Beach have been at well over $1,350/S.F., with some even surpassing the "boom" market real estate highs of $2,547/S.F. (see the latest Miami Beach luxury condo listing inventory and closed sales at bottom of this post).

Total Available / Active "For Sale" Condos - Most Popular Miami Beach Luxury Waterfront Buildings:

Apogee Miami Beach: 6($2,200/ S.F. Average ASKING Price)
The Continuum North Tower: 49($1,262/ S.F. Average ASKING Price)
The Continuum South Tower: 19 ($2,353/ S.F. Average ASKING Price)
The Portofino Tower: 18 ($932/ S.F. Average ASKING Price)
Murano at Portofino: 13 ($1,450/ S.F. Average ASKING Price)
Murano Grande:18($788/ S.F. Average ASKING Price)
Icon South Beach: 33 ($1,062/ S.F. Average ASKING Price)
The Bentley Bay (North & South Towers): 9 ($630/ S.F. Average ASKING Price)
Il Villaggio on Ocean Drive: 10($1,419/ S.F. Average ASKING Price)

Total Condos Available for Sale from Above Referenced Miami Beach Buildings: 175
Total Average Listing Inventory (per Miami Beach Condo): 19

Total 180 Days Closed Sales of Above Referenced Miami Beach Condos: 71
Months of Supply for Above Referenced Miami Beach Condo Buildings:
2.5 (just ten weeks supply!!!)

Miami Beach Condo Sales and Listing Inventory Conclusions:

Traditionally, a six month supply of listing inventory is considered to be a normal & healthy real estate market. Given that we now have UNDER a three month supply in the nine above referenced Miami Beach waterfront condo buidings, expect sales prices to continue a strong UPWARD trend.

Miami Beach Condos- 180 Days Closed Sales
Closing DateADDRESSMiami Beach Condo LA Sales Price SP$/SqFt
3/30/2012300 S POINTE DR # 3606PORTOFINO TOWERS1,960 $ 1,610,000 $ 821
3/28/20121455 OCEAN DR # 1107Il Villaggio1,810 $ 2,150,000 $ 1,188
3/27/2012400 ALTON RD # 3303MURANO GRANDE3,284 $ 2,950,000 $ 898
3/19/20121455 OCEAN DR # 1008Il Villaggio2,824 $ 3,750,000 $ 1,328
3/12/2012300 S POINTE DR # 505PORTOFINO TOWERS2,340 $ 875,000 $ 374
3/9/2012400 ALTON RD # 1702Murano Grande1,874 $ 1,100,000 $ 587
3/8/2012100 S POINTE DR # 1402Continuum South Tower1,201 $ 1,380,000 $ 1,149
3/5/2012100 S POINTE DR # 1009CONTINUUM SOUTH1,595 $ 1,800,000 $ 1,129
3/4/2012100 S POINTE DR # 3205Continuum South1,870 $ 2,562,500 $ 1,370
2/28/2012400 ALTON RD # 2004MURANO GRANDE1,425 $ 1,100,000 $ 772
2/24/2012520 WEST AV # 1403Bentley Bay776 $ 340,000 $ 438
2/24/201250 S POINTE DR # 702CONTINUUM II2,264 $ 2,700,000 $ 1,193
2/24/201250 S POINTE DR # 1504Continuum1,443 $ 1,381,000 $ 957
2/24/2012450 ALTON RD # 3108ICON South Beach851 $ 645,000 $ 758
2/23/2012450 ALTON RD # 2407Icon1,815 $ 1,400,000 $ 771
2/21/20121000 S POINTE DR # TH-A7MURANO AT PORTOFINO1,207 $ 551,000 $ 457
2/19/2012100 S POINTE DR # 2002CONTINUUM ON SOUTH BEACH1,201 $ 1,450,000 $ 1,207
2/17/201250 S POINTE DR # PH 1CONTINUUM ON SOUTH BEACH6,360 $ 16,200,000 $ 2,547
2/16/201250 S POINTE DR # 1707Continuum on South Beach1,443 $ 1,675,000 $ 1,161
2/15/2012540 WEST AV # 1513THE BENTLEY BAY777 $ 375,000 $ 483
2/13/2012100 S POINTE DR # 1510Continuum on South Beach2,122 $ 2,200,000 $ 1,037
2/9/2012100 S POINTE DR # 1007THE CONTINUUM1,870 $ 2,200,000 $ 1,176
2/7/2012450 ALTON RD # 2005ICON1,750 $ 1,250,000 $ 714
2/6/2012100 S POINTE DR # 2102Continuum South Tower1,201 $ 1,350,000 $ 1,124
2/4/2012100 S POINTE DR # 3207Continuum South Tower2,954 $ 4,500,000 $ 1,523
1/30/2012300 S POINTE DR # 4306Portofino Towers2,360 $ 2,000,000 $ 847
1/26/2012520 WEST AV # 1005the bentley bay1,210 $ 502,000 $ 415
1/26/20121000 S POINTE DR # 802MURANO AT PORTOFINO2,618 $ 2,287,500 $ 874
1/23/201250 S POINTE DR # 2303CONTINUUM II SOUTH BEACH1,922 $ 2,000,000 $ 1,041
1/19/20121000 S POINTE DR # 1103MURANO AT PORTOFINO2,008 $ 1,850,000 $ 921
1/17/2012450 ALTON RD # 610ICON SOUTH BEACH1,370 $ 600,000 $ 438
1/16/2012400 ALTON RD # 2506MURANO GRANDE2,024 $ 1,475,000 $ 729
1/13/2012450 ALTON RD # 3703ICON2,158 $ 1,610,000 $ 746
1/10/20121455 OCEAN DR # 703Il Villaggio Condominium1,550 $ 1,980,000 $ 1,277
1/8/2012300 S POINTE DR # 2304Portofino Tower2,040 $ 1,300,000 $ 637
12/30/2011520 WEST AV # 803THE BENTLEY BAY CONDO776 $ 325,000 $ 419
12/22/2011540 WEST AV # 1211Bentley Bay1,252 $ 565,000 $ 451
12/21/2011100 S POINTE DR # 2904Continuum on South Beach2,985 $ 3,300,000 $ 1,106
12/19/201150 S POINTE DR # 2004CONTINUUM ON SOUTH BEACH1,491 $ 1,730,000 $ 1,160
12/19/2011300 S POINTE DR # 904PORTOFINO TOWER1,160 $ 516,000 $ 445
12/16/20111455 OCEAN DR # 1405IL VILLAGGIO2,310 $ 3,999,995 $ 1,732
12/16/2011100 S POINTE DR # 2801CONTINUUM ON SOUTH BEACH1,591 $ 1,750,000 $ 1,100
12/15/2011540 WEST AV # 713The Bentley Bay Condo777 $ 310,500 $ 400
12/13/2011800 S POINTE DR # 2103APOGEE SOUTH BEACH3,103 $ 5,508,200 $ 1,775
12/12/2011100 S POINTE DR # 604Continuum South Tower2,292 $ 2,665,000 $ 1,163
12/6/20111455 OCEAN DR # 1605Il Villaggio2,310 $ 3,900,000 $ 1,688
12/5/2011300 S POINTE DR # 1203PORTOFINO TOWERS2,340 $ 1,737,000 $ 742
12/5/2011450 ALTON RD # 2910ICON1,370 $ 950,000 $ 693
12/1/2011300 S POINTE DR # 1704Portofino Tower2,040 $ 1,300,000 $ 637
11/30/2011400 ALTON Rd # 802MURANO GRANDE1,874 $ 735,000 $ 392
11/28/2011400 ALTON RD # 505MURANO GRANDE AT PORTOFIN1,400 $ 571,000 $ 408
11/23/2011100 S POINTE DR # 1106/7Continuum South Tower4,378 $ 5,200,000 $ 1,188
11/21/2011540 WEST AV # 1612BENTLEY BAY779 $ 302,500 $ 388
11/18/20111455 OCEAN DR # 907IL VILLAGGIO1,919 $ 2,200,000 $ 1,146
11/18/2011100 S POINTE DR # 3602Continuum on South Beach1,791 $ 2,300,000 $ 1,284
11/18/20111455 OCEAN DR # 1411IL VILLAGGIO1,370 $ 1,025,000 $ 748
11/14/201150 S POINTE DR # 2403CONTINUUM ON SOUTH BEACH1,992 $ 2,250,000 $ 1,130
11/14/201150 S POINTE DR # 2003Continuum On South Beach1,451 $ 1,550,000 $ 1,068
11/10/2011450 Alton # 3606Icon1,452 $ 762,000 $ 525
11/3/2011300 S POINTE DR # 405PORTOFINO TOWERS2,340 $ 980,000 $ 419
10/27/2011300 S POINTE DR # 805Portofino2,340 $ 1,225,000 $ 524
10/27/2011800 S POINTE DR # 1603Apogee2,756 $ 6,000,000 $ 2,177
10/25/2011100 S POINTE DR # 705CONTINUUM1,869 $ 1,750,000 $ 936
10/24/2011520 WEST AV # 1602BENTLEY BAY CONDO1,929 $ 645,000 $ 334
10/18/20111455 OCEAN DR # 1506IL VILLAGGIO1,780 $ 1,850,000 $ 1,039
10/14/20111000 S POINTE DR # 2104MURANO AT PORTOFINO2,190 $ 2,250,000 $ 1,027
10/13/201150 S POINTE DR # 505Continuum North Tower747 $ 490,000 $ 656
10/10/2011100 S POINTE DR # 3004CONTINUUM ON SOUTH BEACH2,508 $ 3,495,000 $ 1,394
10/6/2011300 S POINTE DR # 709PORTOFINO TOWER1,090 $ 570,000 $ 523
9/30/2011540 WEST AV # 813THE BENTLEY BAY777 $ 320,000 $ 412

 

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