Yes this is correct, sixteen (16) condos have been sold within the last thirty (30) days at the ultra-luxe One River Point pre-construction project soon to be situated along the Miami River. These 16 sales total $25,874,762 and already have deposits in escrow.
This marks an average price above $1,617,000 for each unit sold!
The luxury condo development, designed by world-renowned Rafael Viñoly, consists of two 60-story towers offering a total of 386 units (193 units in each tower) and, to date, 26% of these units have already been sold.
So, despite the so-called softening of the U.S. real estate market, when you have a quality product, you won’t have trouble selling and this seems to hold true with respect to One River Point, as it truly is a remarkable, one-of-a-kind condo project in Miami.
One River Point is currently in reservation status with plans to go to contract in November of this year. Further, groundbreaking is on track for Q2 of 2017 with an estimated completion date planned for Q3 2019.
One River Point Deposit Structure
- 10% of Purchase Price at Reservation (Now)
- 10% of Purchase Price at Contract (Estimated November 2016)
- 20% of Purchase Price at Groundbreaking (Estimated Q2 2017)
- 10% of Purchase Price at 7th Floor
- Balance of Purchase Price Due at Closing (Estimated Q3 2019)
Downloads
- One River Point Brochure in English
- One River Point Brochure in Spanish
- One River Point Fact Sheet in English
- One River Point Fact Sheet in Spanish
- One River Point Floor Plans
CLICK HERE for additional renderings of One River Point
If you, or someone you know, are interested in purchasing a luxury condo at One River Point along the Miami River in Downtown Miami, please contact Michael Light of Douglas Elliman for a presentation of the project. Douglas Elliman is the exclusive brokerage representing One River Point. You may reach Michael on his cell phone at (786) 566-1700, directly at his office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com.
