Sunny Isles Real Estate

27
Sep

Luxury condo projects in Miami attracting construction loans again

Porsche Design Tower Sunny Isles Beach

Lenders are beginning to start parting with their money again. The developer Gil Dezer obtained $214 million for a construction project in Sunny Isles Beach in a sign that banks are taking chances again with large construction loans.

 

Dezer’s project is the Porsche Design Tower, and it is an extremely opulent building that contains a robotic glass elevator that lifts residents’ vehicles from the ground to their garages that are located right next to their homes. The veteran developer of Miami real estate has sales contracts that total $550 million. He is currently constructing the 60-floor luxury condominium tower that will contain 132 residences. Two-thirds of the units have been sold, and this placed Dezer in a position where he could easily qualify for the loan from Wells Fargo.

 

The housing market crashed several years ago, and lenders were left with major losses on their books. This caused them to be wary of construction lending. In the recent past, construction and related industries have been recovering, and lenders have taken notice. They are more willing to invest in Sunny Isles Beach real estate projects although they are not lending as much money as they did before the market crashed.

 

According to Dezer, the profile of someone who is likely to receive a loan is someone who has plans to build in the most popular locations and who has been able to succeed in real estate even while the market was slowing down. Dezer is obviously one of those people because he is responsible for six construction projects in the Sunny Isles Beach area.

 

Martin A. Schwartz of Bilzin Sumberg in Miami agrees with Dezer. “They are cherry-picking projects. The ones they’re picking are with a proven developer with a track record and substantial bucks behind them,” said Schwartz. “Lenders want more equity in the projects, and they want to know they have very substantial developers.”

 

Eddie and Jules Trump of the Trump Group have had similar success to Dezer’s in the Miami area. They obtained a $160 million construction loan to build the Mansions at Acqualina. This building is another ultra-luxurious condominium tower that is being constructed now in Sunny Isles Beach.

 

Another example comes from developer Craig Robins and partner L Real Estate who received a $251.5 million construction loan from HSBC and Credit Agricole to begin several projects in the Design District. Schwartz stated that these developers received another loan from a Blackstone fund in the amount of $50 million for the purpose of building other Sunny Isles Beach condos.

 

The trend in this location has been to follow how deals are made in Latin America where buyers offer 50 percent or more of the purchase price as a deposit before closing. This option made it possible for developers to obtain the low-cost financing that they needed to begin to build. This tactic was highly successful because there were so many foreign investors with a great deal of cash who wanted to step into southern Florida’s real estate market.      

 

4
Mar

How to Purchase a Pre-Construction Luxury Condominium Home in Miami

Porsche Design Tower Sunny Isles

The Miami Pre-Construction Condo

People have known for a while that Miami is a great place to purchase a condominium, and it seems that even more people are becoming aware of this fact as time goes by. What they need to know first is what type of wonderful pre-construction properties there are for them to choose from, and then they will want to learn how they can be one of the fortunate few who will be able to buy these homes. This article will inform them of both.

400 sunny Isles   

This building covers 640 feet of beachfront property on Sunny Isles Boulevard. It will have 230 homes in a building that will have its own Olympic-size swimming pool, several boat slips and even a spa that will span a full 4,000 square feet. Those amenities are pretty impressive, but residents will be able to enjoy even more while living here. The building will have a restaurant as well as a beach club only for residents with access to the beach, of course. The beginning purchase price is $650,000 for homes that will be finished in 2014.

Apogee Beach Hollywood Florida

Apogee Beach is another condominium property that will be completed next year. The beginning price is a little higher for this building at $1,200,000. The building will take up only 240 square feet of beachfront property, but every residence will have a view of the Atlantic Ocean and the beach. Some of the amenities are a private movie theater and a private gym. Future residents will have the choice of units with two bedrooms, three bedrooms or four bedrooms.

Bellini Williams Island Aventura   

When people see Williams Island, they think of Cote d’Azur in France and Liguria in Italy. The island is surrounded by the Intercoastal Waterway, the Atlantic Ocean and mainland Florida and has the distinction of being its own private community. The Bellini property will be the very last condominium building to be constructed on this tropical island utopia. Of course, this building will be protected by a gate and will have 106 slips that can accommodate yachts as long as 160 feet. The services of a full dock master will always be available, and people will be able to easily make their way to the ocean from the Haulover. They can lease their slips for an entire year or a shorter time if they please.

Chateau Beach Residences

For a building to be constructed on upscale Collins Avenue, it must be ostentatious, and this building certainly falls under this description. When it is completed in 2015, this building will have 33 floors but only 84 units. The purchase prices begin at $1,900,000. For this amount, residents will enjoy a spa on their building’s property, a wine lounge and their own ballroom.

Porshe Tower Sunny Isles

This building is going to have 132 homes on 57 floors with a prestigious Collins Avenue address. The homes in this building will have two-car garages and terraces large enough to hold their own swimming pools. Some homes will even have four-car garages.

Mansions at Acqualina Sunny Isles Beach

People must not think of purchasing a home at this building unless they are seeking the utmost luxurious living experience. They will not be able to escape this sense of extravagance from the air they breathe to the sand that slips between their toes. 

Purchasing a Preconstruction Condo

You will need to hire a skilled and knowledgeable realtor to purchase one of the wonderful homes listed in this article. You can get started by writing a letter of intent and sending it along with your deposit of $10,000 to $15,000 unless the property requires a 20 percent deposit. The next 20 percent will be paid at groundbreaking, and the final 10 percent will be paid before the building is finished. At the point of closing, you will pay the remaining 50 percent of the purchase price. However, if you need to cancel your contract, you may do so if it is within the 15-day grace period. Contact your real estate professional Walter Abolsky today at (888)459-5923 to learn more about purchasing a pre-construction condominium home.

3
Feb

Sunny Isles Beach: the Dubai of the United States

Mansions At Acqualina in Sunny Isles Beach

Sunny Isles Beach only became incorporated in 1997, but the growth of this city is surpassing all the other communities in the area. The city is attracting so many foreign investors in its luxury condominium buildings that it is beginning to resemble Dubai in terms of its top-notch appeal.

In the beginning, this location was known for its elderly population, but the demographics have been shifting dramatically toward those who are raising families. According to the census, Sunny Isles Beach has 2,000 families with children under 18. Because these families are a major factor, the owners of these condominium buildings made sure to cater to their needs with many family-friendly amenities. One fabulous example is the impressive playroom at the Jade Ocean. This playroom was so monumental that the people at Forbes Magazine decided to showcase it in one of its issues.

The fact that more families are moving into the area made it necessary for the surrounding community to indulge the needs of the new residents, and it does this with top schools and well-equipped parks. People can expect at least 1,200 new condominium units to be built in Sunny Isles, and this will work to cause the popularity of Sunny Isles to continue to grow.

Sunny Isles Beach has many staggering and opulent condominium buildings, but the Jade Beach Sunny Isles is a gem among gems as a glass tower that stands 50 stories high. The grandiose six-story waterfall that greets everyone as they enter the building is right at home because of the opulence it exudes. This building could only have turned out to be as fabulous as it is because it was designed by Carlos Ott, a famous architect from Uruguay. It has even surpassed the Jade Beach for the luxury it offers residents. People who are looking for extreme luxury will know that they have found the right place when they see this building’s Infinity Edge pool that offers swimmers an ample view of the Atlantic Ocean.

The developers have not been content to offer people the level of affluence they have become accustomed to in the past, and they have exceeded people’s expectations with the Mansions at Acqualina. The exterior of the building is so different from anything people have experienced before that they believe they are stepping into a scene from another country. Specifically, this building was created to transport people to the Mediterranean just by the look of the architecture. Anxious future residents only have two short years to wait until the building is finished.

With condominium buildings such as the ones that are currently being developed in Sunny Isles Beach, people know that this is an area where they can expect great things to happen. A new building could not be added to this location if it was not fit to take its place among the other amazing luxury condominium buildings, and developers believe that this city will be a force to be reckoned with for many years to come. 

31
Jan

Miami Shows the Country that It’s Time for a Housing Recovery

Sunny Isles Beach

The best time to live in Miami, Florida is right now because this is the place that lets the rest of the country know that it’s time for a housing recovery. A signal that the housing market is on the move is the fact that several construction projects are in the works right now. So much is going on in this city at this time, and this makes this very moment a great time to invest in new real estate properties.

 

Not too long ago, Miami was in the same economic boat as the rest of the United States, but depressed housing prices have caused more people to look into purchasing real estate in greater numbers. A large number of foreigners took advantage of these lower housing prices and began investing in real estate properties here. They must have believed that they would only need to wait a few short years for the city to become prosperous again. This is exactly what occurred. Developers are constructing buildings on one million square feet of property, but they also are moving plans forward to develop two million more square feet of land. The potential to interest investors in these properties is so great that developers are making plans to construct several new buildings even though they do not have tenants to fill them as of yet.

 

Apparently, people outside of the country find Miami to be something of a magnet for them because one third of the foreign investors in the state have chosen Miami as their final destination. The city is set to experience a major economic boom, and this fact makes investing in real estate a necessity. With several buildings currently under construction, many more people will have their chance to invest in these properties as well.

 

Sunny Isles Beach is a portion of the city that is leading all the other communities in real estate development. This area stands out as the most privileged in the Miami area as oceanfront property. Located on an island, the condominium buildings are offering people luxurious existences that are sure to cause those investing in these properties to realize healthy profits.

 

TheRegalia Sunny Isles condo is special for its glass walls that offer views in every direction, and this includes the brilliant Atlantic Ocean. The Mansions at Acqualina are going to offer tenants the pleasure of living in a building with interior designs by Casa Fendi. The Porsche Tower Sunny Isles condo is another dazzling glass structure that is currently in the construction phase and will have expansive views of the ocean as well as the Intercoastal Waterway.

 

Buildings are being constructed at breakneck speed in Miami. The city’s potential for greatness increases as investors continue to construct residential and industrial buildings. The time is now to buy investment property in Sunny Isles if what people are looking for is an opportunity that will be sure to offer them lucrative profits in an area that is set to experience a major economic recovery.

26
Jan

Sunny Isles Beach Is Set to Explode with New Real Estate Choices

Sunny Isles Beach Real estate

Sunny Isles Beach is a fantastic city that has the eyes of people from all over the world who desire to purchase luxury real estate. People are coming to this area more than to any other in country because they are well aware that this is the best place to find superior real estate options. The fact that these building are located right next to the beach helps to make these condominium buildings so popular. They are skyscrapers that offer people vast views of the Atlantic Ocean, and this fact only serves to make them even more fashionable. The accolades do not end there because these buildings are also full of individuality and charisma.

You might have thought that Sunny Isles Beach couldn’t possibly give more than it already has. If this is your thinking, you will need to change it right away because the developers are getting ready to offer prospective homebuyers several new real estate treats very soon.

The city already has many sensational condominium buildings situated right along the beach on Collins Avenue, including the Jade Beach, the Jade Ocean, the Pinnacle, the Acqualina, the Turnberry and many that were constructed by the Trump Group. Set to be added to the area are the Oceanview Sunny Isles, the Ocean Reserve and the Winston Towers, and these buildings are going to be even more ostentatious than the ones that are already there if that can be believed.

The most opulent construction to date has to be the Porshe Design Tower. This will be a truly innovative building for the one thing that it will offer its residents that no other building currently can; residents of this building will be able to park their vehicles right next to their own homes in this 57-story building. After they enter their homes, these future residents will be able to see their vehicles parked in their own garages. All of this will be possible from a building that is set to be constructed on 2.2 acres of land on the highly reputable Collins Avenue.

The city’s dignity is going to increase even further after the new condominium buildings are finished. You may wish to partake in this air of importance, and you can do so if you take advantage of the opportune pre-construction deals that the developers are offering at this very moment. Contact a real estate agent who has more information about the choices that are available to you. 
 

22
Jan

The Miami Luxury Real Estate Market

Miami Luxury Real Estate Market

The Miami Luxury Real Estate Market has rebounded from a bottom over the last few years. Before that, buyers feared that purchasing real estate in South Florida or anywhere else in the country due to the housing collapse will be a poor decision. However, those times seem well beyond in the past as the luxury real estate market in the tri-county southern region of the state is seeing tremendous recovery. Especially in Miami-Dade, investors with a keen eye for profits absorbed most of the inventory left over from the previous housing boom.

The real estate market is proving their investments worthwhile with a 7.2 percent increase in property sales anticipated this year, making it the highest amount since 2007. Anyone who can invest in real estate today is sure to see a return, particularly with the new wave of revitalization for the Miami area. The region has planned a majority of the 99 new towers proposed for South Florida, as well as an array of new commercial developments. Overall, the addition of these centers will create more jobs and consequentially lead to increased consumption and gross domestic product growth. If you are looking to invest in this prospering location, the optimal idea would be to purchase a condominium. These kinds of real estate properties have the most to offer and would allow you to make the most of your investment.

Consider, for example, the highly desirable Winston Towers in Sunny Isles Beach. A great number of the units in these buildings offer gorgeous views of the Atlantic Ocean and are conveniently situated mere minutes away from South Beach, the Bal Harbour Shops, and the Aventura Mall. Amenities include a fully equipped fitness center, 24-hour security, and tennis courts plus much more.

 Prices currently range from $56 thousand to $310 thousand. Another ideal property for your South Florida real estate investment is The Pinnacle Sunny Isles condo. This beautifully designed development sits directly on the beach and offers a poolside café, a lavish spa and fitness center, as well as excellent 24-hour security. Units feature large balconies, in addition to floor-to-ceiling tinted glass-walls, and raised foyer ceilings. Here, property prices begin from $400 thousand to $2.5 million. With beautiful views of the intercoastal, the Porto Bellagio in Sunny Isles also provides an excellent opportunity for a real estate investment.

The Mediterranean-style architecture adds a very special quality to the property while the fully outfitted recreation center and executive conference room take care of any special requirements. Prices in this beautiful development presently range from $219 thousand to $459 thousand. Taking advantage of these amazing properties in the flourishing South Florida real estate market is an excellent choice for your investment. As the region continues to grow and the local economy prospers, real estate prices, in turn, will continue to appreciate.

 Ensure you make the most of your capital when you invest in Miami Florida real estate.

22
Jan

The Miami Luxury Real Estate Market has rebounded

The Miami Luxury Real Estate Market has rebounded

The Miami Luxury Real Estate Market has rebounded from a bottom over the last few years. Before that, buyers feared that purchasing real estate in South Florida or anywhere else in the country due to the housing collapse will be a poor decision. However, those times seem well beyond in the past as the luxury real estate market in the tri-county southern region of the state is seeing tremendous recovery. Especially in Miami-Dade, investors with a keen eye for profits absorbed most of the inventory left over from the previous housing boom.

The real estate market is proving their investments worthwhile with a 7.2 percent increase in property sales anticipated this year, making it the highest amount since 2007. Anyone who can invest in real estate today is sure to see a return, particularly with the new wave of revitalization for the Miami area. The region has planned a majority of the 99 new towers proposed for South Florida, as well as an array of new commercial developments. Overall, the addition of these centers will create more jobs and consequentially lead to increased consumption and gross domestic product growth. If you are looking to invest in this prospering location, the optimal idea would be to purchase a condominium. These kinds of real estate properties have the most to offer and would allow you to make the most of your investment.

Consider, for example, the highly desirableWinston Towers in Sunny Isles Beach. A great number of the units in these buildings offer gorgeous views of the Atlantic Ocean and are conveniently situated mere minutes away from South Beach, the Bal Harbour Shops, and the Aventura Mall. Amenities include a fully equipped fitness center, 24-hour security, and tennis courts plus much more.

 Prices currently range from $56 thousand to $310 thousand. Another ideal property for your South Florida real estate investment is The Pinnacle Sunny Isles condo. This beautifully designed development sits directly on the beach and offers a poolside café, a lavish spa and fitness center, as well as excellent 24-hour security. Units feature large balconies, in addition to floor-to-ceiling tinted glass-walls, and raised foyer ceilings. Here, property prices begin from $400 thousand to $2.5 million. With beautiful views of the intercoastal, the Porto Bellagio in Sunny Isles also provides an excellent opportunity for a real estate investment.

The Mediterranean-style architecture adds a very special quality to the property while the fully outfitted recreation center and executive conference room take care of any special requirements. Prices in this beautiful development presently range from $219 thousand to $459 thousand. Taking advantage of these amazing properties in the flourishing South Florida real estate market is an excellent choice for your investment. As the region continues to grow and the local economy prospers, real estate prices, in turn, will continue to appreciate.

 Ensure you make the most of your capital when you invest in Miami Florida real estate.

17
Apr

Living on the ocean in Miami in Jade Beach Condominium

People are debating whether or not the recession is over, but they are still holding onto their money as much as they can. More people would like to buy a luxury condominium home, and they are unaware that now is the time to do it. Miami real estate right on the beach is offering people the perfect opportunity to purchase a Miami condo for a great price. Buyers don’t have to worry that they would be purchasing the least desirable properties, because several condominium homes that are ready to be bought can boast of the most enviable amenities.

One area that has condominium homes for sale is Jade Beach in Sunny Isles Beach. This location is exactly the place that can be considered a “buyer’s market.” The purchase prices are most advantageous to the purchaser, and those who are investing for the first time will benefit even more from what Miami has to offer.
The building was created to bring luxury and comfort to its residents every day of the year. Inhabitants feel as if they are always vacationing at a resort because of indulgences such as the concierge that fulfills every request and the enormously ostentatious five-story waterfall they observe every time they step into the building’s lobby. The sight of the Atlantic Ocean from everywhere that people travel in the building leads them to
believe that they are on a tropical island enjoying a fabulous sojourn in the middle of the sea. The building’s staff is so prepared to cater to the residents that they find they never need to leave the building for any reason.

The waterfall in the lobby is not its only distinction; the designer of this fantastic lobby was actually Fendi, the world-renowned designer. Those who like to take part in designing their own homes may do so, but residents may also choose to purchase a Fendi-designed condominium home in this building. Every home is distinguished for its top-of-the-line cabinetry and appliances in the kitchens and bathrooms. Even the lighting fixtures and the electronics impress all those who have the pleasure of living in these condominium homes, not to mention the relaxing Jacuzzis where residents have a full view of the building’s private beach.
This condominium building is gaining a reputation for being one of the most opulent, and those who live there are taking part in an
exorbitant lifestyle. The 248 residences either have a private terrace or floor-to-ceiling windows where people enjoy absolutely astonishing views of the ocean. A condominium home is more than a place to live because it is also a great investment. With a starting price of $600,000, future residents may contact a realtor who will help them own a piece of this paradise.

28
Mar

Sole Condo Hotel in Sunny Isles Beach

Sole Condo Hotel in Sunny Isles Beach

 

The Sole Condo Hotel Sunny Isles is a new building with 24 stories of stylish condominium homes. Guests will discover that they are only 15 minutes away from the Ft. Lauderdale Airport and only a 20-minute drive away from the fabulous South Beach. Those who are staying as guests or permanent residents will be able to partake in the food service that the building offers at its Breakfast Bar and the grilling by the poolside that takes place daily from 12 o’clock until six o’clock in the afternoon.

Some of the other services at the Sole condo are the private fitness center and the special care the staff takes of guests at the pool and on the beach. These Sunny Isles condos are notable for the spa it features on the property that is separated into men’s and women’s portions with each side containing its own steam sauna and dry sauna. People may feel free to make an appointment at the spa for a massage or any other treatment they desire to have done for the day.

Residents and guests are also welcome to spend time in the building’s Alba Lounge between the hours of five o’clock in the afternoon until 12 o’clock in the morning on weekdays. On weekends, the lounge is open an hour later, and it is a place where people will be able to enjoy the special events that go on at the Sole Sunny Isles Beach.

The building makes it mandatory that all guests accept the luxury of having a valet park their vehicles. The children are always entertained because the Sole Condo made accommodations just for them with the Sole Kids Club. The building even has its own restaurant, the Alba, where guests and residents have the pleasure of enjoying the food common to the Mediterranean, the place where the Sole’s designers received their inspiration.

The inside of this Miami real estate follows the Mediterranean theme with designs by French interior designer, Stephane Dupoux. Also designer of high profile establishments, such as the Nikki Beach Club in the city of Miami, the Buddah Bar located in New York and the Cocoon found in London, Dupoux is an interior designer of magnificent proportions who leant his talents to designing the inside of this hotel.

No matter how long their stay will be, everyone who enters the hotel has several comforts that make the amount of time they are there a gratifying experience. The Infinity Edge swimming pool and staff ready to serve their needs by the poolside or on the beach help people travel to another world of luxury.

26
Mar

Sands Pointe Condo Sunny Isles Beach

Sands Pointe Condo in Sunny Isles Beach

 

The Sands Pointe in Sunny Isles Beach tells people everything they need to know about this building. They are going to have the privilege of living in a home with all the modern comforts practically right on top of the beach’s pristine sands. Residents of the Sands Pointe really love their neighbors; they are the intense waves of the Atlantic Ocean to the east of them and the glittering of Miami’s skyline to the west.
The market for Sunny Isles Beach condos has been increasing in recent years with sales, purchases and rentals growing at a rapid pace. It doesn’t surprise anyone that as Sunny Isles Beach real estate has become available people are racing to grab a piece of it because of the allure of the Atlantic Ocean. What residents receive when they live in this building is the sense that they are visiting an exotic location, but they are living in their own homes!
Every floor of the building only has eight condominium homes. This places privacy at the top of the building’s best features. This Sunny Isles Beach real estate has two-bedroom and three-bedroom homes for sale that range from 1,530 to 2,120 square feet. At its location at 16711 Collins Avenue, it has Miami Beach on one side and the Aventura condos on the other. Because of where the Sands Pointe in Sunny Isles Beach is located, it only takes residents a couple of minutes to arrive at Miami’s international airports. Residents also can treat themselves to a shopping spree at some of the best stores in town or a meal at the most coveted restaurants. The best place to be for any family is at the Sands Pointe.
The best amenities that people could expect from luxury beachfront real estate will be found at this building. The Infinity Edge swimming pool offers residents more than just a wonderful place to swim because people have lounge chairs and daybeds for enjoying the sun and a café with wait staff that keeps them from needing to leave the comfort of their seats. The chair and umbrella service the building offers gives people the option of sitting directly on the beach near the water. Taking care of their bodies is convenient with the wellness center and the fitness center the building has on the grounds. Working at home can even be easier in the building’s business center or they can take the time to play in the billiards room or host a party in the party room.
 

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