MLH Exclusive: Hard Hat Tour of Biscayne Beach Penthouses (Photos & Video) Posted on January 12, 2017 by Michael Light On Tuesday, we had an exclusive hard hat tour of the still under construction, ultra-luxe Biscayne Beach condo development situated along Biscayne Bay in Edgewater. We had the opportunity to check out the entire site, including all of the amenities, as well as tour Penthouse 7, the super-cool 2-story penthouse with a private rooftop pool…and all I can say is WOW are the views amazing! East View from Biscayne Beach PH 7 Living Room Northeast View from Biscayne Beach PH 7 Living Room Southeast View from Biscayne Beach PH 7 Living Room Biscayne Beach, which topped off in March of last year (2016) and is scheduled for closings in early-to-mid March of this year, includes a total of 399 residences with a total of 8 penthouse residence units. These 8 penthouses consist of six 1-story penthouses and two 2-story penthouses. Of the 8 penthouses, only 2 remain still available for sale, PH 6 and PH 7—the mack daddy of penthouses that offers a huge sky terrace with a rooftop swimming pool, summer kitchen and unbelievable panoramic views of Biscayne Bay and the vibrant Miami Beach skyline. Penthouse 6 at Biscayne Beach Features 1-story expansive flow through unit on the 50th floor 4,721 interior square feet 5 Bedrooms + Den 5 Full Bathrooms, 1 Half Bath 14-foot ceilings with floor-to-ceiling high-impact glass windows and sliding glass doors throughout 1,053 square feet of terrace space with direct-water views 2 terraces and summer kitchen Offered at $5,193,900 Biscayne Beach Penthouse 6 Floor Plan Penthouse 7 at Biscayne Beach Features 2-story unit on the 51st floor 7,878 interior square feet Half-floor unit 4 Bedrooms + Den + Study 5 Full Bathrooms, 2 Half Baths 14-foot ceilings with floor-to-ceiling high-impact glass windows and sliding glass doors throughout Spacious master suite with sitting area and private terrace Private sauna in master bedroom Upper & lower living rooms Formal & informal dining rooms 2,785 square feet of terrace space with stunning direct-water views Private sky terrace with swimming pool and summer kitchen Offered at $9,453,900 Biscayne Beach Penthouse 7 Floor Plan – 1st Floor Biscayne Beach Penthouse 7 Floor Plan – 2nd Floor Construction Site of PH 7 Rooftop Pool Construction Site of PH 7 Rooftop Pool Construction Site of PH 7 Rooftop Pool Penthouse 8 at Biscayne Beach Sold in 2015 for $8.6M Now keep in mind, PH 8 is the only other 2-story mega penthouse in the building, and it was sold for a whopping $8.6 Million ($1,020 per square foot), setting a record for the neighborhood of Edgewater. At that same price per square foot, PH7 would be $8,036,000. So, if I had to guess, I would say there is room for negotiation on PH 7….so, who is ready to make an offer?! If you are interested in one of the penthouse residences at Biscayne Beach, please contact broker Michael Light for an exclusive presentation. You may reach Michael on his cell at (786) 566-1700, directly at his office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com. Download Biscayne Beach Brochure Check out the video below during the hard hat tour yesterday standing on PH 7 rooftop. What a #view ???? 1st time ever tour of….7,878 sq/ft #penthouse #condo at #Biscaynebeach PLUS 2,300 sq/ft of #terraces with a PRIVATE #rooftop #pool AND #summer #kitchen…all for a #cool $9,453,900! By #NYC buyer prices, they are basically giving it away! A video posted by Michael Light (@michaellightmia) on Jan 10, 2017 at 1:05pm PST Note: All photos and video in this article were taken with an Iphone
Record-Breaking $8.6M Penthouse Sold at Edgewater’s Biscayne Beach Posted on August 27, 2016 by Michael Light A wealthy Turkish buyer just set a record for the Edgewater neighborhood of Miami by purchasing a luxury penthouse at Biscayne Beach for a whopping $8.6 Million. This record-breaking, 2-story penthouse at Biscayne Beach features a private rooftop sky terrace with a pool and an outdoor kitchen and apparently the buyer replicated the master bathroom to create a 2nd master suite, according to the WSJ. It seems that affluent Turkish buyers are flocking to Miami’s luxury condo market, most probably viewing it as a much more stable investment as opposed to their usual vacation homes in South of France and London, according to the WSJ. And, why not, Miami offers everything that affluent people want and demand in a second, third or fourth home… tropical weather, beautiful beaches, restaurants with world-renowned chefs, world-class shopping and chic and sophisticated luxury real estate! Biscayne Beach Penthouse Living Room Biscayne Beach Penthouse Bathroom About Biscayne Beach Situated bayfront in Edgewater, one of Miami’s hottest new neighborhoods, Biscayne Beach is a 51-story residential condo tower offering 399 chic, sophisticated residences beautifully designed by famed celebrity designer Thom Filicia offering contemporary kitchens with Snaidero cabinetry and premium Miele appliances and elegant spa-like bathrooms. Biscayne Beach also offers residents exceptional amenities including a members-only bayside beach club offering a bayfront, L-shaped pool, manmade “sandy” beach and lounging area with cabanas, chaise lounges and day beds, state-of-the-art fitness center overlooking Biscayne Bay, tennis courts, spa with private treatment rooms, business center, a residents-only dog park and much more. Biscayne Beach is estimated for completion in December of this year (2016). If you, or someone you know, are interested in purchasing a luxury condo at Biscayne Beach, you are out of luck as the project is sold out. If you are interested in any other projects in Miami, please contact Michael Light. You may reach me directly at my office at (305) 350-9842, on my cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Biscayne Beach Biscayne Beach Bayfront Pool
Edgewater: Miami’s Newest Chic Neighborhood Posted on November 10, 2013 by Michael Light The Edgewater District, a once-blighted bayfront neighborhood, is quickly becoming a chic residential destination, attracting developers and residents alike. The revival of Edgewater has been driven in large part to its proximity to the Design District and Midtown, however the big draw, of course, is the bayfront. Unofficially, the district is bounded by Northeast 17th Street to the south, stretching north to the Julia Tuttle Causeway at 36th Street and from Biscayne Bay west to the railroad tracks west of Biscayne Boulevard. Miami’s permissive zoning has allowed for the development of high-density mixed-use projects, leading to rapid gentrification of the area once inhabited exclusively by the homeless. Biscayne Boulevard, a major thoroughfare, runs through the center of the district, offering dining, shopping and other amenities, such as the Publix supermarket that recently opened in the area. Additionally, Margaret Pace Park offers bayfront outdoor amenities. During the last two condo booms, Brickell and Downtown Miami have been nearly built out. Edgewater, however, still has developable land for projects that can offer bayfront views. As a result, developers have been purchasing parcels for the construction of residential towers, causing land prices to soar. The Miami-based Related Group (“Related”) recently purchased 4.5 acres of bayfront property at Northeast 31st Street for $29 million, which previously sold in 2012 for $11.5 million. Additionally, Related has broken ground on Icon Bay, a luxury residential tower located at 428 Northeast 28th Street. Pre-sales of units, which were offered beginning in September 2012, have nearly sold out thanks in part to a large demand from foreign buyers willing to put down fifty percent (50%) or more of the price for pre-construction units. AXA Developers and Strategic Properties Group recently purchased a 2-acre site at 545 Northeast 32nd Street for nearly $20 million with plans to build a condominium tower. The property was previously intended for a project called ICE, which was scuttled as a result of the market downturn. This is just one of a few properties given new life due to the sudden increase of development within Edgewater. In addition, Mckafka Development Group (“Mckafka”) foreclosed on a mortgage they held on 623 Northeast 27th Street. They acquired the note for this property nearly two years ago for $2.1 million. Mckafka developed plans to build a 90-unit building called The Crimson on this property, for which they are currently taking reservations. The Melo Group (“Melo”), a family-run development firm, has been on the leading edge of the development of the Edgewater neighborhood. Melo has been buying land in Edgewater since 2001, and has already developed 10 rental and condo projects totaling 1,700 units, with land holdings sufficient for 2,800. Skyview, Melo’s most recent completed project is a 32-story, 258-unit apartment building located at 425 Northeast 22nd Street. Also, Melo is close to breaking ground on Bay House, a 36-story condominium tower with 164 units, located at 600 Northeast 27th Street on a 1-acre site purchased last year for $5.5 million. Melo also just obtained $22 million in financing for 26 Plaza Tower, a 12-story condominium project, located at 162 Northeast 25th Street, which broke ground last month. With prices averaging between $450 – $550 per square foot in Downtown Miami and Brickell, buyers are finding it difficult to find a “deal”. Projects such as Bay House, The Crimson, Biscayne Beach, Paraiso Bay and Icon Bay are providing buyers the opportunity to buy brand-new construction starting under $400 per square foot WITH spectacular views of Biscayne Bay. Seeing where Edgewater is heading, securing a condo in one of these new towers now is like being able to “see ahead of the curve” with regards to future value. If you, or someone you know, are interested in purchasing a condo in Edgewater, please contact me. I appreciate the opportunity to earn your business. Here are some additional photos of new condo towers in Edgewater: Biscayne Beach Residences Bay House Condos The Crimson Residences Paraiso Bay Residences Icon Bay Condos