The Setai South Beach Penthouse B: private rooftop pool

A Finnish buyer acquired Penthouse B at the Setai South Beach for $15M/$2,416PSF last week. On the market since 2006, this opulent condo was once listed for $34M and since February 2010, for $19.9M.  Outfitted with over 6,000SF of living space, this 4bed/4bath floor plan is decked with a private rooftop pool and panoramic views of the Atlantic Ocean, South Beach and Downtown Miami.

W SOUTH BEACH HOTEL & RESIDENCES

Scheduled to open July 2, 2009, the W South Beach Hotel and Residences hosted an affair for new company associates last week at the semi completed property located at 2201 Collins Avenue in Miami Beach. Shiny Ferrari’s adorned the building’s entry on 22 street, music was pulsing poolside as the W culture mingled under the moody lighting through the many lounging spots inside and out. One W employee commented that the event was an effort by the W to provide new hires with the “W experience.”  Will the W a la South Beach be a recessionario or recessionista for the brand?

Stay tuned for the opening, the elevators are not yet operational, so no report (images), YET, on the hotel rooms and units. In the meantime, a little eye candy courtesy of my Blackberry.

[View with PicLens]

]]> http://miamibeachrealestatenewsblog.com/2009/06/21/miami-beach-real-estate-sneak-preview-w-south-beach/feed/ 0 http://miamibeachrealestatenewsblog.com/2009/06/06/miami-beach-real-estate-apogee-penthouse-is-on-sale/ http://miamibeachrealestatenewsblog.com/2009/06/06/miami-beach-real-estate-apogee-penthouse-is-on-sale/#comments Sat, 06 Jun 2009 17:08:16 +0000 Nelson Gonzalez http://miamibeachrealestatenewsblog.com/?p=599

PRIVATE ROOFTOP POOL: APOGEE PH A/800 SOUTH POINTE DRIVE MIAMI BEACH, FL

Apogee, as its name suggests, is the benchmark for luxury condo living in South Beach. Completed in 2008, the contemporary building is comprised of 67 residences ranging in size from 3,000SF to almost 7,000SF.  Located on 2.88 acres at the tip of the island in the South of Fifth neighborhood, Apogee was developed by the Related Group of Florida and designed by the Sieger Suarez Architectural Partnership. Elegantly conceived, each residence has ultra finishes by Yabu Pushelburg, Fanke, Miele and Dombracht as well as breathtaking views of the Atlantic Ocean, Biscayne Bay, South Pointe Park, the Port of Miami or Miami’s skyline.

One of Apogee’s three penthouses was listed for sale in July 2008 for $22M. Today, Penthouse A, like most real estate listings, was reduced to $18.5M. This year, several penthouses have sold as a result of price reductions in South Beach including units in Il Villaggio and Continuum I. In addition to PH A, there are 18 units currently offered for sale in Apogee.

PROPERTY HIGHLIGHTS:

• 6,853SF living space (under air)
• 6 bed, 7 1/2 bath
• 11,000SF of outdoor space (terrace and balcony)
• Private rooftop pool
• Private elevator
• Private air conditioned 2 1/2 car garage
• 22′ ceilings
• Tri-level (two floors of under air living space)
• Summer Kitchen
• 360-degree panoramic views

Images of Apogee:

[View with PicLens]

EXTERIOR VIEW: 100 SOUTH POINTE DRIVE PH 1 MIAMI BEACH, FLORIDA 33139

On the market for 562 days, Penthouse 1 at the Continuum I South Tower just closed today for $9.9M. This direct oceanfront residence, originally listed for sale in March 2007 for $25M, like everything in the market place, was reduced. In December 2007 it was offered for $21M. Asking price at the time of sale was $14.95M.  The seller paid $7M for the property in 2003, when the Continuum I, the first beachfront condominium in South Beach’s South of Fifth neighborhood, was completed.

Property Highlights

• Tri-level unit
• 5 bed
• 7 1/2 bath
• 7,734 SF (under air)
• 13′ ceilings
• Private elevator
• Private rooftop pool
• 4 parking spaces

INTERIOR: 100 SOUTH POINTE DRIVE PH 1

CONTINUUM SOUTH TOWER: 100 SOUTH POINTE DRIVE

CAPRI SOUTH BEACH

My EWM Realtors colleague, Pablo Alfaro, and I just took the exclusive listing of the recently completed, luxurious development, Capri South Beach. Imagine taking in glorious panoramic views of the Miami Skyline and Biscayne Bay, the Intracoastal Waterway and the Atlantic Ocean while residing on two waterfront acres just steps away from Lincoln Road. I am describing Capri South Beach, the exclusive condominium comprised of two newly constructed buildings and one historic structure, secluded at the western most point of Miami Beach’s 16th Street on 500′ of water frontage. A true boutique development, the sixty-nine luxurious residences, private marina, fitness and spa facility, 24 hour security and valet make Capri South Beach the most desirable bayfront community on the island.

Ana Capri, the southern most building, is the smallest of the three, with only five units each occupying a floor.  With stunning views of the Miami Skyline to the west, entry to each unit is via private elevator. Each apartment offers 1,798 SF of living space with 3 bed and 2.5 bath.  The upper and lower penthouses closed in February 2009 for $2.379M and $2.362M respectively.

Marina Grande, the largest building, located in the center of the property, houses fifty-eight units, five per floor with the exception of the penthouse and ground floor levels. There are three penthouse units on the top floor, while the street level offers two Bay Lofts. A state-of-the-art gym and spa facility is located in Marina Grande.

Marina Piccola, the historic component of this project, was originally designed by Igor Polivetsky in the first half of the twentieth century. It  is the northern most point of Capri South Beach. Three floors make up this sixunit building. Also located in this area of the property is the private marina and bayside pool.

VIEW OF BISCAYNE BAY FROM CAPRI SOUTH BEACH

Aerial View: Altos del Mar Site, Miami Beach, Fl 33141

Acquire A Slice of Oceanfront

I take great pride in announcing that currently, a small community of twelve oceanfront and oceanside residences are under construction between 77th and 79th Streets in Miami Beach.  The ONLY single family residential oceanfront community in Miami Beach!  It is also, as its name suggests, the highest point on the island. Beautifully situated overlooking the Atlantic Ocean, there is simply no other place in South Florida that offers as much!  With breathtaking views, residences offer four to seven bedrooms and bathrooms and range in size from 4,000SF to 9,500SF.

Form Follows Function

Each property is truly one-of-a-kind, designed by South Florida’s foremost architects and designers including: Ramon Pacheco, NuHouse Design, B-Pila Design, Victor Diaz and Cesar Molina. A team of natives, they have exactly what it takes to create a luxurious product in Miami’s unique tropical environment. Leave it to them to know how best to construct  amenities that enhance oceanfront living with Miami’s omnipresent sunlight and the ocean’s easterly breezes. Outdoor spaces feature upstairs verandas overlooking the ocean with sun decks , spacious covered patios, lush landscaping, sparkling fountains and more. The interiors, incorporate elegant appointments such as spiral staircases, fireplaces, three-car garages, wine cellars, gyms and media rooms.

Altos del Mar Sculpture Park

To compliment the spectacular residences, a public park will be created between 76th and 77th Streets on the east side of Collins Avenue. The innovative public space, Altos del Mar Sculpture Park, will occupy three acres of land bordering the oceanfront fusing the natural landscape, pedestrian pathways and 19th, 20th and 21st Century artwork.

Altos del Mar is centrally located between South Beach and Bal Harbour.  Simply accessible to Dowtown Miami, Miami’s Design District and Miami International Airport.

Oceanfront & Oceanside Estates

Living on the ocean is the ultimate South Florida experience. Altos del Mar offers the unique opportunity with six private oceanfront residences. No need to share the beach with hundreds of condo neighbors, just claim a lot. Only steps away from the sand,  there are six extraordinary residences are located on the west side of Atlantic Way, several bordering Collins Avenue. Asking prices range from $2.750M to $15.9M.

ALTOS DEL MAR: 7815 Atlantic Way, Miami Beach, FL 33141

ALTOS DEL MAR: 7735 Collins Avenue, Miami Beach, FL 33141

Is rocker Lenny Kravitz going to ‘Fly Away,’ like the title of one of his hit songs, from Grammy Award winning album 5, suggests? Today, Kravitz listed his Miami Beach home located at 7936 Biscayne Point Circle for $2.85M. He purchased the property in 1997 for $725k.

Located on the tip of Biscayne Point, the peninsula just north of Normandy Island, Kravitz’s residence offers unobstructed views of Biscayne Bay, not to mention spectacular sunsets. Biscayne Point is a guard gated community located in the northern part of Miami Beach.

Property Highlights

• Lot Size: 12,150 SF
• Living Area: 5,717 SF
• Built in 1954

Not his first picnic in Miami Beach residential real estate, Kravitz sold his Sunset Island 2 home, 1800 W 25 Street, when the market was soaring in 2005 to developer Steve Muss for $14.5M. Kravitz purchased the property in 2001 for $8.9M.

Further adding his mark to South Florida, he launched a new business, Kravitz Design.  Maybe you have seen his work,  he is the creative behind the Delano Hotel’s ultra chic lounge, The Florida Room, which opened in December 2007. True to the music industry, Kravitz fused his new venture with his staple by designing a recording studio in the luxurious Miami Beach condo-hotel, Setai, that opened in 2008. A two-story penthouse, Setai Recording Studio (as it is know in the music world) offers 2,500 SF with state of the art equipment and inspiring views of the Atlantic Ocean.

At the 2005 MTV Music Awards, Kravitz proudly called Miami home, let’s hope he continues to spread more of his luster over our beautiful city.

FRONT FACADE: 6050 NORTH BAY ROAD, MIAMI BEACH, FL

One of my clients, like many buyers today, was having an identity crisis. Who was he, an owner or a renter? Until last week, he was a SIDELINER, a browser looking for a deal in the Miami Beach real estate market. He was on the verge of leasing a unit at the Continuum I on South Beach, when I introduced him to a mid century modern house at 6050 North Bay Road. This property was on the market for less than two weeks, my client recognized the opportunity I presented him with and jumped on it! Calculating the numbers, he concluded it was more cost effective to maintain the house than spend $10,000 a month renting a 2/2 in the Continuum I. Built in 1951, 6050 North Bay Road sits on a lot just under 20,000 SF with 77 FT of water frontage, unobstructed views of Biscayne Bay and a spacious interior with over 4,000 SF. Next door neighbor, Oscar Award winning movie star Matt Damon, paid $4.2M in December 2005 for virtually the same size lot, although the house was a tear down. Damon’s primary residence was acquired in April 2005 for $10.3M.

INTERIOR: 6050 NORTH BAY ROAD, MIAMI BEACH, FL

VIEW OF BISCAYNE BAY: 6050 NORTH BAY ROAD, MIAMI BEACH, FL

Miami Beach Luxury Waterfront Homes for Sale

Currently, there are 17 luxury waterfront properties for sale on Miami Beach’s North Bay Road with an average asking price of approximately $1,400 SF. In 2008, 10 waterfront homes sold on North Bay Road with an average price of $1,100 SF, and they are as follows:

1. 5790 North Bay Road sold for $16.75M
2. 5050 North Bay Road sold for $13.1M
3. 4420 North Bay Road sold for $9M
4. 5396 North Bay Road sold for $6.8M
5. 6380 North Bay Road sold for $5.6M
6. 2012 North Bay Road sold for $5.4M
7. 6410 North Bay Road sold for $5M
8. 6010 North Bay Road sold for $4.6M
9. 2040 North Bay Road sold for $4.1M
10. 5004 North Bay Road sold for $3.075M

You do the math, seems my client scored receiving a $1M rebate, paying $798SF or $3.2M for 6050 North Bay Road.

Il Villaggio PH 6/7, Private Rooftop Terrace, Miami Beach, Fl

Il Villaggio PH 6/7, Formal Living Room, Miami Beach, Fl

Flowers Just Won’t Cut It This Year, one New Yorker is stepping it up with a Miami Beach penthouse. Founder and CEO of Marchon Eyewear, Alfred Berg is surprising his wife this Valentine’s Day by purchasing Penthouse 6/7 in South Beach’s luxurious oceanfront condominium, Il Villaggio, located at 1455 Ocean Drive.

Seller, Scott K. Ginsburg purchased the direct oceanfront luxury condo pre construction in 1999 for $2.9M. He spent three and half years building out the 5,700 SF of raw interior space as well as the 4,600 SF private roof top terrace. A longstanding figure in the media industry, Mr. Ginsburg was the founder of Evergreen Media Corporation in 1988, co-founder of Statewide Broadcasting, Inc. and former CEO of Chancellor Communications, now a part of Clear Channel Communications.

This elegant penthouse offers sweeping direct ocean views from all rooms, wrap around balcony and spacious roof top terrace. Elegant yet opulent appointments are found throughout the unit including a custom designed circular bed in the master suite, Lalique chandeliers, coffered ceilings, crystal sinks, surround sound and gourmet kitchen. And that’s just inside, the outdoor space takes entertaining to another level with a complete stainless steel summer kitchen, heated ozone pool, shower, spa, stereo system and king size bed.

Il Villaggio PH 6/7, Master Suite, Miami Beach, FL

Located on the northeast corner of the building, this extraordinary penthouse property was originally listed for sale in 2006 for $18.5M. I took the listing three and half months ago for $13.9M. Mr. Berg closed on the property today for $8.58M. This deal is indicative of today’s luxury real estate market, a buyer’s paradise.

Located in the heart of Miami Beach’s Art Deco District, Il Villaggio is one of South Beach’s premier luxury condos. This full service property offers 24-hour security and valet, concierge, pool and private beach lounges with attendants, two-story fitness center, sauna, oceanfront promenade and community room. Other residents in Miami Beach’s Il Villaggio include: Hollywood filmmaker, Jerry Bruckheimer; CSI: Miami star, David Caruso; Bill Roedy, President of MTV Networks International; and Victoria Secret’s, Ed Resnick.