October 29, 2013
Marea is set to break ground this week in Miami Beach’s prestigious South-of-Fifth neighborhood. The luxury boutique condo development is located across from the Apogee South Beach and is set to include 30 exclusive condos, including 4 penthouse residences.
Designed by Sieger Suarez, Marea South Beach features a rooftop pool deck landscaped by Enzo Enea, commissioned art installations and VIP beach access. The 1-4 bedroom luxury condos are located in a prime location near the restaurants of South Pointe and the Miami Beach Marina. Marea also offers views of Biscayne Bay and Fisher Island.
Three other new construction projects are also under construction near Marea. 321 Ocean, One Ocean and Glass Miami Beach all broke ground this year. One Ocean and Marea are both Related Group projects.
For more information on Marea and other condos in Miami Beach, contact Niki Higgins at 1-888-242-4422.
October 14, 2013
Apogee Beach is the third new condo development in South Florida completed since the 2007 crash. Located in Hollywood Beach, the 24-story oceanfront tower is the sister property to the ultra-exclusive Apogee South Beach.
Apogee Beach contains 49 luxury residences. Each exclusive Apogee Beach condo features ocean views, floor-to-ceiling windows and large balconies. Apogee Beach will also offer first-class amenities and services. The luxury condominium project first broke ground in September 2011.
There are three other residential projects scheduled for completion before the end of this year, including Regalia Sunny Isles. In all, there are currently 172 new condo developments proposed, planned or under construction in South Florida.
Source: The Real Deal
September 16, 2013
The luxury real estate market in Miami Beach is sizzling. Luxe Miami Beach homes (500,000 dollars and up) are selling quicker and in greater numbers. According to a recent report, the number of closed home transactions rose 38 percent in the year ending August 31, and the number of closed condo transactions rose 21 percent in the same time period.
In the luxury category, the average price of a home sold rose 3.5 percent to 2.39 million dollars. The average price of a luxury condo rose 2.9 percent to 1.44 million dollars. Star Island homes and Apogee Miami Beach condos lead the pack at 1,486 dollars per square foot and 2,371 dollars per square foot respectively.
For more information on luxury waterfront homes and condos for sale in Miami Beach, contact Seaside Properties Group at 1-888-242-4422.
Source: The Real Deal
July 09, 2013
Another luxury condominium at the Apogee Miami Beach recently sold for 12.4 million dollars. The sale set a record in Miami-Dade County for the highest price paid for a non-oceanfront, non-penthouse unit. A similar condo in the Apogee sold for 10.5 million dollars in January.
The recently sold Apogee condo contains 4,154 square feet and 3 bedrooms. The buyer paid approximately 3,000 dollars per square foot for the ultra-luxury residence. Situated in Miami’s prestigious South of Fifth neighborhood, the Apogee South Beach represents the finest in luxury waterfront living.
Low inventory and high demand continue to send Miami condo prices skyward. This sale follows a string of other high profile sales, including a 34 million dollar sale at the Edition Miami Beach. A penthouse in the Mansions at Acqualina is currently on the market for 55 million dollars.
Source: The Real Deal
June 05, 2013
After an intense 7-game series with the Indiana Pacers, the Miami Heat are headed to the NBA Finals to take on the San Antonio Spurs. Luckily, the star athletes can rest up in some of Miami’s most sought-after property during the team’s rare downtime. Off the basketball court, Heat players have been active in Miami’s booming real estate market.
LeBron James resides in a 12,000-square-foot, Coconut Grove home he purchased for 9 million dollars. The estate features 6 bedrooms and 8.5 bathrooms. Teammate Chris Bosh purchased a 12.5 million dollar home on North Bay Road in Miami Beach. Dwyane Wade also lives on exclusive North Bay Road. His luxury waterfront home contains an impressive 13,000 square feet.
The players aren’t the only Heat members with impressive real estate portfolios. Heat President Pat Riley owns a penthouse in the Apogee, an ultra-exclusive condo building in Miami Beach’s prestigious South of Fifth neighborhood. The 6,200-square-foot penthouse residence was purchased for 11.75 million dollars.
Source: South Florida Business Journal