Aria on the Bay Luxury Condos are Priced Way Below Market Posted on June 25, 2015June 25, 2015 by Michael Light Aria on the Bay broke ground recently and is currently selling at an average of $552 per square foot. Because Aria on the Bay offers luxury condos with unobstructed water views and the average price per square foot is about 20% lower than other pre-construction condo developments in and around Downtown Miami and Brickell, I am really surprised that there is still inventory available. The project is currently 50% sold with hard contracts, not reservations. Aria on the Bay may be priced at $552 per square foot on average right now, but there are still units available as low as $469 per square foot. Compared to the other new construction projects in the area, Aria on the Bay is a great deal, with luxury amenities, which makes for a great condo investment opportunity! Similar direct-water view units you may find in other projects are selling at $700 or even $800 per square foot. Currently, the A Model (2,365 sq/ft interior & 670 sq/ft terrace) at Aria on the Bay is being offered at $552 per square foot. That is a 3 Bedroom + Den, with 4 Bathrooms, with direct-east/water views for more than $150 per square foot below the market! Aria on the Bay is a 53-story luxury condo tower situated bayfront in the trendy neighborhood of Edgewater, just minutes from Brickell and South Beach. Aria on the Bay consists of 647 luxury condos with expansive floor plans, state-of-the-art appliances and oversized terraces with gorgeous views of Biscayne Bay, the Atlantic Ocean and the Miami Beach skyline. Aria on the Bay offers residents extraordinary amenities including morning and afternoon swimming pools on custom-designed sun decks with lounge seating, kid’s pool, Jacuzzi, state-of-the-art fitness center with yoga studio and spinning room, wellness spa with private treatments rooms, adult game room, kid’s play room, business center, library, movie theater and indoor/outdoor social lounges. Download the Aria on the Bay Brochure Downtown Miami Site Map If you, or someone you know, are interested in purchasing a condo at Aria on the Bay or simply would like more information on the overall condo project, please contact your Miami condo specialist Michael Light. You may reach me on my cell at (786) 566-1700, at my office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com. View all Miami Pre-Construction Condos Below are some renderings of the luxury condos at Aria on the Bay. Aria on the Bay Living Room Aria on the Bay Master Bedroom Aria on the Bay Master Bathroom
Gran Paraiso Pricing & Floor Plans Released Posted on May 14, 2015May 14, 2015 by Michael Light Pricing and floor plans have just been released for the 53-story Gran Paraiso Tower that will be situated in Edgewater, a trendy up-and-coming neighborhood in Miami. Download – Gran Paraiso Site Plan Download – Gran Paraiso Floor Plans Gran Paraiso will consist of luxury condos with spacious floor plans ranging in square footage from 1,062 to 2,246, under a/c. Gran Paraiso will offer 1 bedroom plus den – 4 bedroom plus den floor plans and only 7 units per floor, compared to 8 units per floor at its twin tower, Paraiso Bay. Estimated Pricing for Gran Paraiso 1 Bed + Den / 2 Bath | starting at $700,000 2 Bed + Den / 3 Bath | starting at $900,000 3 Bed + Den / 3 Bath | starting at $1,400,000 4 Bed + Den / 4.5 Bath | starting at $1,600,000 Condos at Gran Paraiso will boast private elevator and foyer entry, 10-foot ceilings and oversized terraces with direct, stunning views of Biscayne Bay and the Atlantic Ocean. Residents of Gran Paraiso will enjoy the luxury amenities including a private beach club, exclusive marina, restaurant by world-renowned Michael Schwartz, over 5 acres of land beautifully designed by celebrated landscape architect Enzo Enea, bayfront boardwalk, 1-acre waterfront park, fitness center, spa, 2-acre pooldeck with an infinity-edge pool overlooking Biscayne Bay, business center, kid’s playroom and tennis courts. Gran Paraiso is one of 4 towers of the Paraiso condo development project, which also includes Paraiso Bay, One Paraiso and Paraiso Bayviews. Currently, Paraiso Bay and One Paraiso are 99% sold and Paraiso Bayviews is approximately 75% sold. Reservations for Gran Paraiso condos are scheduled to begin this month with contracts expected around mid August. Completion of Gran Paraiso is estimated for summer 2017. If you, or someone you know, are interested in purchasing a preconstruction condo at Gran Paraiso, please contact your Miami condo specialist, Michael Light. You may reach me on my cell at (786) 566-1700, directly at my office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com.
82% of Pre-Construction Condos in Edgewater are Already Sold Posted on April 24, 2015 by Michael Light Many developers saw the value of building residential condo developments in Edgewater a few years ago. These developers’ condo plans are now becoming reality, and their vision of developing Edgewater into one of the hautest residential neighborhoods in Miami is holding true. Right now, there are 2,815 pre-construction condo units being built and/or planned in Edgewater as we speak. Out of the 2,815 condos, 2,314 of those units are already sold! That means that only 18% of the pre-constriction condos in Edgewater remain available for sale. Below is a breakdown of the Edgewater new condo developments with the percentages sold. When reviewing the chart below, keep this in mind…Aria on the Bay, specifically, reflects the percentage of “hard” contracts, not reservations. This is important because reservations can fall through prior to the execution of a contract. Also, Bay House and Icon Bay will begin closings in the next few weeks. Edgewater Pre-Construction Condo Sales Statistics Edgewater is located in Downtown Miami between the Venetian Causeway (to the south) and the Julia Tuttle Causeway (to the north)–east of Biscayne Blvd, and is one of the most exciting new neighborhoods in Miami. Not only is Edgewater complimented by gorgeous views of Biscayne Bay and the Miami Beach skyline, but it includes what the magic city is famous for…vibrant culture, art and an eclectic variety of restaurants and boutiques. If you, or someone you know, are interested in purchasing a pre-construction Miami condo, please contact your Miami condo specialist, Michael Light. You may reach me at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Disclaimer: Statistics are for informative purposes only, may not be accurate and should not be relied upon in your decision to purchase a condo in Miami.
Bay House Condos to Begin Closings in May Posted on March 23, 2015March 27, 2015 by Michael Light Bay House Condo Tower Under Construction Bay House, situated in the hautest neighborhood in Miami, Edgewater, is rapidly progressing as you can see by the pictures I took this weekend. Bay House condos, complete with stunning views of Biscayne Bay and the vibrant Miami Beach skyline, consists of 165 condo residences. 99% of these condo units are under contract with an average sales price per square foot of $510. Only Penthouse 1 and Penthouse 2 at Bay House remain as available for sale. Closings will begin on Bay House condos in May, and closing notices will go out to buyers within the next 2-3 weeks. If you, or someone you know, are interested in purchasing one of the remaining penthouse condos at Bay House, or have already purchased a Bay House condo and would like to list your condo on the market for sale or rent once you close, please contact Michael Light, your Miami condo specialist. You may reach me on my cell at (786) 566-1700, at my office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com. See below for additional pictures of Bay House under construction. Bay House & The Crimson Condo Towers Under Construction Bay House Under Construction Bay House Under Construction Bay House Under Construction Bay House Under Construction
Aria on the Bay Gets FAA Approval Posted on March 3, 2015June 25, 2015 by Michael Light Aria on the Bay Condos Aria on the Bay, a planned 53-story luxury Miami condo tower, was recently approved for construction by the Federal Aviation Administration (FAA). Developers of Aria on the Bay, the Melo Group, plan to build up to a height of 535 feet despite the FAA suggesting that the limit of new projects east of the Miami International Airport should be less than 475 feet, according to the Real Deal. Although the FAA suggested a lower height limit, Aria on the Bay was approved for its plans. The Melo Group is planning to break ground soon with an estimated completion date set for 2017. Aria on the Bay will consist of 647 luxury condo units, 1,035 parking spaces and approximately 40,000 square feet of commercial space. The project is currently about 50% reserved at an average price per square foot of $536. If you are interested in purchasing a condo at Aria on the Bay, please contact Michael Light, a Miami condo specialist. You may reach me on my cell at (786) 566-1700, at my office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com.
Paramount Bay Condo Value Skyrockets 41% Posted on January 26, 2015 by Michael Light Paramount Bay Condo Value Skyrockets 41% With stunning, direct bay views, chic yet sophisticated modern interior designs and extraordinary amenities designed by the one-and-only famous Lenny Kravitz, it should be no surprise that the values of condos at Paramount Bay have skyrocketed! For example, let’s look at the numbers of one of the Paramount Bay condo units that I sold back in February of 2013, unit 601, to a client from New York. Unit 601 closed at $687,000 which is $392.35 per square foot (according to Paramount Bay floor plan dimensions), but today this unit is worth about $970,000, according to comparable sales in the building. What an increase! So, how do we know that the value has skyrocketed this much? Recently, unit 501 closed at $970,000 and unit 701 is currently listed at $999,999. If the owner of unit 601 were to sell today according to comparables at $970,000, he would be gaining a profit of $283,000 which equals a 41.2% return in 24 months! Paramount Bay Condos 01 Line Floor Plan Paramount Bay is a 47-story, luxury residential condo tower situated bayfront in the trendy Edgewater neighborhood of Miami. Paramount Bay was developed by Daniel Kodsi, the same developer currently developing the highly-anticipated Paramount Miami Worldcenter, further developing the overall Paramount luxury brand in South Florida. Paramount Bay consists of 346 luxury condo units offering a variety of 1 to 5 bedroom floor plans. Condos at Paramount Bay uniquely offer oversized terraces with expansive, direct water views of Biscayne Bay and the Atlantic Ocean. In addition, Paramount Bay offers extraordinary amenities including a grand contemporary lobby, club room, a 2-story 6,000 square foot spa and fitness center, Pilates studio, business lounge, billiards room and much more. If you, or someone you know, are interested in selling your Paramount Bay condo for a premium, please call me today for a complimentary market analysis of your residence.
Aria on the Bay Condo Sales – UPDATE Posted on January 24, 2015 by Michael Light Aria on the Bay Condo Sales – UPDATE As most of you know, Aria on the Bay is soon to be a Miami luxury condo tower situated bayfront in Edgewater, the trendiest neighborhood in Miami, offering sophisticated, modern residences and exceptional amenities. Although Aria on the Bay is not scheduled to be completed until late 2017, I just confirmed with the developer that 42% of the entire building has already been reserved, and these reservations will be converted into contracts sometime next week! For those of you teetering on the fence of whether or not to reserve a condo unit at Aria on the Bay, it’s time to make a decision. Right now, the average price per square foot is $536, but the developer confirmed that prices will increase at Aria on the Bay’s official launch party of the new sales office which is currently scheduled for sometime during the week of February 12th. If you are interested in purchasing a condo at Aria on the Bay, please contact me to get the lowest possible price! Download – Aria on the Bay Condo Floorplans Download – Aria on the Bay Condo Brochure Aria on the Bay Keyplan
Canvas Condos…Offering Opulence and Affordability Posted on November 4, 2014 by Michael Light Canvas Condo Development Canvas will soon be a 37-story residential condo tower offering 513 affordable, modern condo residences ranging in square feet from approximately 690 to 1,110 (under a/c). The Canvas condo development will be located at 1630 NE 1st Avenue in one of Miami’s hottest neighborhoods, the Miami Arts District. Canvas will offer residents exceptional amenities including a sunrise and sunset pool-perfectly complimented by bay and city views, lush mediation gardens, a 3,000 square foot fitness center, spa and treatment rooms, rooftop amenities and much more. Canvas condo development is estimated to be completed in the first quarter of 2017. Canvas Pool Canvas Fitness Center Canvas Condo Tower Features & Amenities Sunset pool with breathtaking views of the Miami skyline Sunrise pool with panoramic views of Biscayne Bay complimented by a Jacuzzi and a leisure lounge area Luscious gardens Vista sundecks State-of-the-art 3,000 square foot fitness center Spa with sauna and private treatment rooms Tranquil yoga garden Glass-enclosed racquetball court Recreational social room Kid’s playroom Rooftop sky plunge pool and leisure lounges Signature dining on the rooftop High-tech business center Screening and theater room Retail shopping, restaurants and bistros on ground level 24/7 security, concierge services and valet parking Canvas Condo Living Room Canvas Condo Unit Features Residences feature 5’-7’ wide terraces with gorgeous, panoramic views of Biscayne Bay, the Atlantic Ocean and the Miami skyline Floor-to-ceiling, impact-resistant sliding glass doors and windows Open-layout kitchen with European-style cabinets, Quartz countertops and stainless-steel appliances Bathrooms include frameless showers and bathtub enclosures Canvas Condo Development Overview Developer: NR Investments Architect: Cohen, Freedman, Encinosa & Associates Landscape & Interior Design: Urban Robot Associates Number of Stories: 37 Number of Residences: 513 Square Footage Range: 690 – 1,110 (under a/c) Download Canvas Condo Building Information Canvas Condos Brochure Canvas Condo Tower Floorplans Canvas Condo Reservations, Deposits & Timing 20% of Purchase Price at Contract 15% of Purchase Price at Groundbreaking 15% of Purchase Price at Top Off Balance of Purchase Price Due at Closing If you, or someone you know, would like more information on Canvas condos or any other condos in the Miami Arts District, please contact Michael Light of Miami Luxury Homes. You may reach me directly at my office at 305-350-9842, on my cell phone at 786-566-1700 or via email at michael@miamiluxuryhomes.com.