Shortage of Waterfront Beach Condos in South Florida

Scarcity of beach properties for sale in South Florida.

Prices of refurbished 40 years old buildings are going through the roof. We, realtors, see it every day.

New developments are scarce, and most of them are for the super rich.

We are talking starting prices of 2 million for relatively small units. 

The Apogee Beach a couple of years ago was a timid attempt by a developer and the results were so stunning that in no time every piece of available dry land in Sunny Isles Beach, Hallandale, Hollywood, had a large project humming. They also sold quickly. 

The Sage Beach, the Beachwalk, the Regalia, Porsche Design, Jade, Acqualina, at different price levels have sold or are selling very well.

And when a client ask sme about “something new on the beach”, I have a real hard time finding a good option.

The one I still mention, because there still are a few units left is the HYDE BEACH. 

The remaining apartments are condo-hotel units. That means that they can be used by their owner for about half of the year, and must be put for rental the rest of the time. 

This can be a great solution as a vacation home, when a family or a person wants to use the place for a few weeks every year, and can put the unit in a hotel program where it will generate income to cover HOA fees, property taxes, and  perhaps produce some revenue, while its value will almost surely increase throughout the years due to its excellent location.

Let me tell you some more about the Hyde Beach, because in Hallandale/Hollywood, it is with COSTA HOLLYWOOD, the only pre-construction project I can think about at this time, on the beach side, this side of town.

HYDE BEACH - PRECONSTRUCTION PROJECT IN HOLLYWOOD

 

Location :  Hollywood Beach,

Total Units: 407

 Number of Floors : 41 stories

Project Description

  

Architect: Cohen, Freedman, Encinosa & Associate Architects

 Interior Design: TBD

 

HYDE BEACH - Unit Description: 

40 Condos (22nd – 41st floor/Flooring Included)

2 bedrooms/2 bathrooms: 1,380 sq. ft.

3 bedrooms/3 bathrooms: 1,870 sq. ft.

367 Resort Condominiums (Finished and Furnished)

1 bedroom/1 bathroom: 870 sq. ft.

2 bedrooms/2 bathrooms: 1,235 sq. ft.

2 bedrooms/2 bathrooms: 1,380 sq. ft.

(10th – 21st floors)

3 bedrooms/3 bathrooms: 1,840 sq. ft.

(10th – 21st floors)

Corner residences include direct ocean views and private elevators. 

All resort condominiums are completely finished and furnished. They may be rented daily, weekly, and monthly for a maximum of 150 days/year. 

 

HYDE BEACH  - Amenities 

 

Infinity edge ocean view pool, sundeck, and private cabanas

Room service available to all units

Housekeeping, cleaning and laundry services offered to all units

State of the art fully equipped fitness center with cardio theater overlooking the ocean 

 Health spa with men’s and women’s steam and sauna facilities

 Beach Club to include pool, spa services, and restaurant on the ocean

 Permanent installation of curated art collection throughout the building

 24-hour complimentary valet parking

 24-hour attended security services

 Personal Concierge Services 24/7

 High-speed Internet access

 On-site Property Management for short-term rental services 

 

HYDE BEACH  - Residence Features 

 40 Decorator Ready condominiums, two and three bedroom residences

 367 beautifully finished and furnished condominiums

 Wide private terraces with glass railings and unobstructed views

 Ocean views from almost every residence

 Energy efficient, tinted, impact resistant, floor-to-ceiling sliding glass doors and windows

 Advance Technology “Smart Building” pre-wired with fiber optics for high speed internet, data/voice cable TV access

 European Cabinetry in Kitchens and Bathrooms

 Imported stone counter tops 

Maintenance fees:   $ .95 cents/foot

HYDE BEACH - Deposit Structure:

 10% reservation (4th quarter – 2013)

 10% contract (1st quarter – 2014)

 20% groundbreaking (2nd quarter – 2014)

 10% top off (3rd quarter – 2015)

 50% closing (2nd quarter – 2016)

Henry B. Nathan is a South Florida Real Estate Agent

specialized in Pre-Construction Projects

 (800) 416-2747   (954) 296-6741

Email me: hbnathan@gmail.com

mentioning  HYDE BEACH   PRE-CONSTRUCTION CONDOS IN HOLLYWOOD

 Visit my websites: www.miami-new-construction.com
www.condo-southflorida.com
www.floride-immobilier.fr
www.inmobiliaria-miami.com
www.miami-imobiliaria.com
www.aventura-shortsales.com

  

North Tower sold out at MARINA PALMS YACHT CLUB

MARINA PALMS YACHT CLUB
is selling fast

The South Tower is already 1/3 sold.

The scarcity of quality waterfront construction in South Florida is no secret.

And Marina Palms has the additional advantage of its location on navigable waters, very close to the Baker-Haulover Ocean Inlet.

The views are great. The neighborhood of Aventura, good entertainment, restaurants, clubs and its pricing at about or less than $500 a square foot makes it a "no-brainer".

Here are some details:

 

 

Marina Palms​ Yacht Club

Completion: (approximate dates)  July 2015 North Tower -   July 2016 South Tower

Sizes: 1763 to 2599 sq. ft.
Units: 468
Waterfront: Yes

Marina Palms Yacht Club & Residences brings the yachting lifestyle back to Miami with the county’s first luxury condominium and yacht club project in two decades.

The luxury condominium development will pamper residents with white-glove amenities, high-end
finishes and unparalleled, personalized services, while the private, full-service marina will offer 112 boat
slips for yachts up to 90 feet in length, and deep-water access to Haulover Inlet, just 20 minutes away.

Marina Palms Yacht Club     BUILDING FEATURES:

 

• Gated entry
• Secure garage parking
• 24-hour professional security and video surveillance
• WiFi throughout all common areas
• e-Concierge app for iPad/mobile access to Marina Palm’s
• wide array of services and amenities.
• High-speed elevators
• Lavish spa with sauna, steam and private treatment rooms
• Men’s & women’s locker rooms

 

• State-of-the-art fitness center
• Professional grade studio for yoga/pilates
• News café with daily newspaper service
• Club room with 100”+ television
• Billiards table with bar
• Executive business lounge with conference room
• Pet-friendly environment

Marina Palms Yacht Club  -  MARINA DETAILS:

• 112-slip private marina for yachts up to 90 feet in length
• Full-time dock master
• Full service yacht club concierge
• Fueling services
• Dockside high speed internet and cable TV
• Well-equipped sundry store
• Picturesque marina promenade

Marina Palms Yacht Club  -  OUTDOOR AMENITIES:

• Water sports including boating, jet skiing, kayaking,
• water skiing, wind surfing and snorkeling
• Lushly landscaped, 14-acre lifestyle enclave on
• 750 linear feet of prime waterfront
• Resort-style pool deck with infinity pool, hot tub
• and stunning waterfront views
• Outdoor gourmet kitchen
• Dedicated children’s pool
• Children’s outdoor playground
• Convenient dog park access at East Greynolds Park

Marina Palms Yacht Club -  SERVICES:

• 24-hour valet parking
• Personal butler service
• On-site car wash service and detailing
• Pool attendants
• Tennis club membership
• Pet station
• Pet spa services
• Activity rooms for children and teens

Marina Palms RESIDENCES   -  FEATURES:

• Imported Italian cabinetry by Snaidero with stone countertops
• Grohe bathroom fixtures
• Subzero and Wolf appliances
• Elegant floating Italian bathroom vanities by Snaidero
• Frameless glass enclosed showers with hand-held head in bathrooms
• Generous 8-foot deep private terraces with glass railings
• Expansive marina and panoramic water views of Intracoastal and beyond
• Freestanding soaking tubs in master bathroom

• Large walk-in closets
• Smart technology ready
• Solid core doors throughout
• Sound insulated walls throughout
• Spacious open floor plans with ceilings heights in excess of 9’
• Full-sized, front loaded washer and dryer in every residence

HOW TO PURCHASE:

1. Contact me and request inventory.
2. Select a unit and fill out reservation form
3. Write a check or wire funds payable to Chicago Title Insurance Company for 10% of the purchase price

Schedule of payments:

• 10% Reservation
• 10% at Contract
• 20% at Ground breaking
• 60% at Closing

Call Henry B. Nathan

(800) 416-2747   (954) 296-6741

Email me: hbnathan@gmail.com

mentioning  Marina Palms Yacht Club – Luxury Pre-Construction Homes in North Miami Beach Florida

Visit my website: www.condo-southflorida.com

The House Disco in Wynwood

 

For my young (and no so young) readers:

 

 

I just read in the South Florida Business Journal:

New South Florida nightclub to bring 50-100 jobs

After six years of planning and $10 million dollars in real estate, HOUSE nightclub is slated to open May 16 with a whimsical welcome to its members in Miami’s Wynwood Arts District.

 

Owner Mark Lowe said it’s difficult to gauge how much revenue the club is slated to bring to the Miami economy, but that it will create 50-100 jobs depending on its events.

 

Lowe said HOUSE is part of a long-term project that could bring 10 nightclubs, 10 restaurants and 10 hotels, all inspired by the nightclub's original concept. He hopes the projects can roll out simultaneously based on the success of the first nightclub. Along with his extensive long-term goals for the projects, he noted the difficulty the venture encountered in its earlier stages.

 

“It is a project that has been dragged through the mud across the board, and targeted relentlessly,” Lowe said. “As an entrepreneur, you take risks and fight for your business concept.”

According to a press release, the club plans to employ contortionists, opera singers, drag artists, aerialists, and other performance artists.

 

“We are excited to provide performance artists with a … [place where] they can showcase their talents. We need more jobs for artists,” Lowe said.

 

The club is located at 1915 NW Miami Ct. in Miami. HOUSE keys are required for entry and guests can apply at housenightclub.com.

 

Is this just the starting point of something or not such a big deal ?

 

Let's see how it does. And if it will really be the focus of this new entertainment district as they describe it.

 Henry B. Nathan  is a Real Estate Professional in South Florida.

 Call me at:

 (800) 416-2747   (954) 296-6741

Email me: hbnathan@gmail.com

 Visit my website: www.condo-southflorida.com

www.inmobiliaria-miami.com

www.miami-imobiliaria.com

www.floride-immobilier.fr

www.miami-new-construction.com

 

The magic of Privé - A beautiful project in Aventura

 

PRIVÉ - a dream

Of all the new projects I have visited, PRIVE left the most pleasant memory.

 

Building didn't start yet. I guess that in a few months the incredible peace of a small island in the bay will be disturbed by noise, cranes, trucks, and dust.

 

If what I saw is what is going to happen though, Prive will turn into a small paradise of its own.

You pass over a very plain bridge and you are on land in the middle of wide waters. The bay on all sides, and on one horizon, the ocean. For some reason, the crowding of the distant buildings can't take away the feeling of silence and peace.

 

A boat passes by.  I am listening to the director of the project, while he is showing me an incredible kitchen in a showroom which will, of course, never be used. I grab some details of the induction cooking, the Miele advantage, the superb fridge, and a few more details, but my mind is looking at the water that surrounds us from every corner and I marvel at a bird that crosses high in the distance.

 

 

 

All is is good taste and light in here. I am no decorator, but it surely makes me feel OK. Even the unbelievably funny toilet that almost seems to be moving towards us, opens its wide mouth and closes its seat at the command of the remote. I try not to show a kid's face in front of the gadgets.

 

I might be wrong and all this is my imagination. However, if impulse buying exists at this scale, I would have committed it that day. The saleswoman quietly smiles. She must have noticed my wide open eyes.

 

Will I sell one of these apartments ?  At least I can say that I  had the dream when I was shown the concept. Perhaps I won't have a chance to get into one of the magic kitchens once they are all built and sold. But I will secretly know that I saw every one of them when somebody was still dreaming it.

 

Privé - If you can afford it, you should go visit it.

With me!

Henry B. Nathan is a South Florida Real Estate Agent

specialized in Pre-Construction Projects

 (800) 416-2747   (954) 296-6741

Email me: hbnathan@gmail.com

mentioning  PRIVE

  PRE-CONSTRUCTION CONDOS IN AVENTURA

 Visit my websites: www.miami-new-construction.com
www.condo-southflorida.com
www.immobilier-floride.fr
www.inmobiliaria-miami.com
www.miami-imobiliaria.com
www.aventura-shortsales.com

THE RITZ-CARLTON RESIDENCES,  MIAMI BEACH

 

 

The Ritz-Carlton Residences, Miami Beach is comprised of only 111 condominium residences and 15 private single-family villas, The Residences will be one of only a few stand-alone Ritz-Carlton Residences in the world, bringing together exceptional amenities and services with modern architecture and design unmatched in South Florida.
Designed by award-winning Italian architect Piero Lissoni, the property will offer luxury waterfront living—amid seven acres of gardens, pools, entertainment spaces and a private marina. Expansive residences will redefine Miami Modern, incorporating natural materials and framed views with resort-style service and detailed Italian craftsmanship. Ideally situated in a private enclave on Surprise Lake in Miami Beach, The Residences bring a premier lifestyle to one of Miami’s most distinguished neighborhoods.

It will be the only condominium property of its kind available in this exclusively affluent, single-family residential community. Its convenient location provides both access to and from some of Miami’s most famous and stylish destinations, including South Beach, Lincoln Road, Miami Design District, Bal Harbour and the Wynwood Art District.

Imagine a home not only defined by sophisticated style and luxurious finishes, but also equipped to deliver the finest unparalleled service. For nearly a century, The Ritz-Carlton has evoked the highest standard of unsurpassed service and The Residences in Miami Beach extends this tradition to those who make a home here.

You will experience quality service unlike ever before. From the conci- erge who can arrange a multitude of services, including your theatre and restaurant reservations to in-residence dining and housekeep- ing, you will appreciate luxury living at its finest. The expert Ritz-Carlton staff will anticipate your every need.

PROPERTY  OVERVIEW

• 111 ultra-luxurious condominium residences plus 15 private single-family villas 60 distinct floor plans with 1, 2, 3, 4 and 5-bedroom layouts, ranging from 1,700 to more than 10,000 sq.ft.
• LEED® Certified Building

     

RESIDENCE  FEATURES

• Custom interior details designed by Piero Lissoni Private elevator foyers in most residences   Choice of imported stone floors in living areas Choice of wood floors in bedrooms
• Solid-core oversized doors
• Expansive hurricane resistant windows and doors throughout
• Laundry room with front-loading washer and dryer, and laundry cabinetry. Summer kitchens in select residences
• Plunge pools in select residences Pre-wired for smart-home technology
• Variable refrigerant flow HVAC System

 PIERO  LISSONI  CUSTOM-DESIGNED KITCHENS

• Custom-designed Boffi kitchen cabinetry by Lissoni Expansive stone countertopsGaggenau built-in fully integrated refrigerator Gaggenau built-in fully integrated freezer
• Gaggenau gas cook top and hood with external ventilation system Gaggenau built-in espresso machineGaggenau microwave ovenaggenau stainless-steel double wall oven
• Gaggenau full-size fully integrated dishwasher Dornbracht plumbing fixtures    Undermount stainless-steel sink

    

MASTER  BATHROOMS

• Boffi wood vanities
• Piero Lissoni custom-designed marble vessel sink and tray Dornbracht Fixtures
• Extensive use of stone throughout
• Oversized showers
• Glass-enclosed stand alone rain showers Jetted soaking tub

 RESIDENTIAL  AMENITIES

• Two 24-hour attended lobbies 24-hour valet parking service
• Waterfront social room with bar and catering kitchen and state- of-the-art entertainment system
• On-site marina Private day yacht
• On-site private car to chauffer residents to surrounding destinations
• Tropically landscaped half-acre, roof-top pool deck with stun- ning views of Miami Beach, Downtown Miami and Biscayne Bay Expansive infinity-edge pool with waterfall
• Spacious cabanas Whirlpool spa
• Private poolside Grille Restaurant Private BBQ/dining area
• Club Room with bar, virtual golf and billiard table Cinema-style screening room
• On-site spa with a treatment suite, steam rooms and sauna State-of-the-art fitness center
• Indoor & outdoor yoga studios Boardroom/library
• Game room with large-screen TV, Wii and Xbox consoles Kids room
• Carwash facilities
• Dog walk
• Pet groom room

 

For more information or reservation, please call directly Henry B. Nathan

 (800) 416-2747   (954) 296-6741

Email me: hbnathan@gmail.com

and ask about

  RITZ CARLTON  - PRE CONSTRUCTION CONDOS IN MIAMI BEACH

 Visit my website: www.condo-southflorida.com

www.inmobiliaria-miami.com

www.miami-imobiliaria.com

www.floride-immobilier.fr

www.miami-new-construction.com

Edgewater, Wynwood, Design District, Midtown ... Full speed ahead!

Who would have said twenty years ago? 

The Miami project cruises ahead.

And it seems as if there are many who believe in it.

How many of you have gone and given a look to these new unsuspected neighborhoods in formation ?

Worth a visit.  

The geography has been there all the time. 

We are just noticing that the bay doesn't end where we didn't use to go watch it!

MIAMI DEVELOPERS STORIES 

A Miner in Edgewater 

Oleg Baybakov, the Russian mining tycoon behind 700 Edgewater Development LLC, has amassed much of the property near the waterfront between Northeast 26th Street and Northeast 26th Terrace, in Miami.  His largest purchase came in February when he paid $21.5 million for the residential tower at 700 NE 26th Terrace.

The latest purchases involve four lots just east of that property. Baybakov paid an average of $271 per square foot for a combined 32,040 square feet in transactions that closed April 16 and 17, Miami-Dade County records show. As a result, his companies own all but the southwest corner lots of the 2.75-acre block facing Biscayne Bay.

Baybakov's plans for the properties have not been disclosed. The rental building at 700 NE 26th St. has been aggressively shedding tenants for years, and Baybakov's firm has in the past two months initiated eviction proceedings against three tenants. 

Reached Monday, the leasing agent for the building said there was just one apartment available for rent. A previous owner envisioned tearing down the 58-unit project built in 1980 to make way for a 39-story condo.

Baybakov's net worth has not been recently estimated by reliable media sources, but he is believed to be a multibillionaire. He is a frequent business partner of Mikhail Prokhorov, one of the richest Russians alive, telling the Wall Street Journal in 2010 he was a silent partner in Prokhorov's most famous American venture, the Brooklyn Nets professional basketball franchise…

In South Florida, Baybakov also has real estate holdings in Miami's Brickell neighborhood and Miami Beach.

Might These Edgewater Lots Just Bought For $10M Be Next Project For N.Y. Developer?

A New York company about to break ground on a Coral Gables multifamily project has bought land for its next big venture, snapping up a 1.04-acre assemblage in Miami's Edgewater neighborhood for $10 million.

A company linked to New York-based Greystone & Co. Inc., which finances and develops ventures across the country, paid $221 per square foot for the eight contiguous lots west of Biscayne Boulevard between Northeast 25th and 26th streets.

A Greystone spokeswoman said the company plans to develop the property with the same partners on the Coral Gables project but did not provide specific details on what would be built on the newly acquired site. The purchases closed Friday.

In Coral Gables, Greystone is partnering with Miami-based Alta Developers LLC and Strategic Properties Associates Group LLC to build a 119-unit, mixed-use project at 3622 Coral Way. That development was picked up for a similar proposal that was sidelined by the recession. That project breaks grounds Monday.

Greystone's Edgewater project would be their second recent venture in South Florida. The company also completed a health-care project, the Club Health and Rehabilitation Center at The Villages.

Alta and Strategic Properties, Greystone's partners, are managed by long-time South Florida real estate players Raimundo Onetto, Henry Pino and Patricio Ureta. Most recently, they worked together to propose Le Parc at Brickell, a sleek, 12-story tower in Miami's financial district unveiled in May.

 From Daily Business Review – April 28, 2014 

Henry B. Nathan is a Hallandale & Hollywood Real Estate Agent

specialized in Pre-Construction Projects

 (800) 416-2747   (954) 296-6741

Email me: hbnathan@gmail.com

mentioning

  PRE-CONSTRUCTION CONDOS IN MIAMI

 Visit my website: www.miami-new-construction.com