A Look Back at the Top 9 Luxury Condo Sales of Last Year (2018) Posted on January 23, 2019 by Michael Light The Miami/Miami Beach luxury condo market is always a hot-button topic among real estate news outlets around the world. And, with many people questioning the stability of the luxury market, it is important for me to point out that there were 19 condos that sold over $10 Million in Miami-Dade County in 2018 (per MLS data). And, think about this…this list does NOT include developer inventory not on the MLS, which, if I had access to, would make this number much higher. In 2017, Palazzo del Sol PH 2 topped the list selling at $31,261,545, while topping the list in 2018 was the top-floor penthouse at 321 Ocean that included its own 36′ infinity pool on the roofdeck that is seen above. Top 9 Condo Sales of 2018 #1 321 Ocean PH | South of Fifth | Sold for $26,000,000 Closed on 05/11/2018 6,807 SF Living Area | 5,223 SF of Terraces 5 Bedrooms | 5.5 Bathrooms Sold for $3,819.60 Per Square Foot #2 Fendi Chateau PH-2 | Surfside | Sold for $18,500,000 Closed on 03/12/2018 7,489 SF Living Area | 5,220 SF of Terraces 4 Bedrooms + Den | 7.5 Bathrooms Sold For $2,470.29 Per Square Foot #3 Mansions at Acqualina PH45 | Sunny Isles Beach | Sold for $17,000,000 Closed on 02/28/2018 7,022 SF Living Area | 2,428 SF of Terraces 4 Bedrooms | 6.5 Bathrooms Sold For $2,420.96 Per Square Foot #4 Oceana Key Biscayne PH1-N | Key Biscayne | Sold for $15,000,000 Closed on 05/14/2018 8,252 SF Living Area | 9,000 SF of Terraces 5 Bedrooms + Media Room | 7.5 Bathrooms Sold for $1,817.74 Per Square Foot #5 Apogee South Beach #2104 | South of Fifth | Sold for $14,800,000 Closed on 03/01/2018 4,154 SF Living Area | 2,441 SF of Terraces 3 Bedrooms | 4.5 Bathrooms Sold for $3,562.83 Per Square Foot #6 Bayview at Fisher Island #4811/4821 | Fisher Island | Sold for $14,556,700 Closed on 08/06/2018 8,020 SF Living Area 5 Bedrooms | 5.5 Bathrooms Sold for $1,815.04 Per Square Foot #7 Continuum South Beach #3803 | South of Fifth | Sold for $13,750,000 Closed on 01/16/2018 4,968 SF Living Area | 487 SF of Terraces 4 Bedrooms | 4.5 Bathrooms Sold for $2,767.71 Per Square Foot #8 Apogee South Beach #1604 | South of Fifth | Sold for $13,500,000 Closed on 05/01/2018 4,154 SF Living Area | 2,441 SF of Terraces 4 Bedrooms | 4.5 Bathrooms Sold for $3,249.88 Per Square Foot #9 1 Hotel & Homes PH-1610 | South Beach | Sold for $13,500,000 Closed on 11/01/2018 3,955 SF Living Area 4 Bedrooms | 5.5 Bathrooms Sold for $3,413.40 Per Square Foot If you are interested in learning more about luxury condos in Miami, please contact Broker Associate, Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate and Founder/Owner of the Miami Luxury Homes Group at Douglas Elliman. You may reach Michael directly at (305) 350-9842 or michael@miamiluxuryhomes.com. Disclaimer: The information contained herein was retrieved from the Multiple Listing Service (MLS) on January 19, 2019 and developer floor plans. All information contained herein is for informative purposes only and should not be relied upon without representation.
JUST SOLD | Oceana Key Biscayne Unit 702-S Sold at $4,700,000 Posted on May 10, 2018 by Michael Light Michael Light of The Miami Luxury Homes Group at Douglas Elliman listed and sold unit 702 in the south tower at the prestigious LEED-Certified Oceana Key Biscayne for $4,700,000. This oceanfront 4-bedroom + staff quarters, 5.5-bathroom, flow-through residence is absolutely stunning, boasting fine fixtures and sophisticated finishes, marble flooring and meticulously-framed floor-to-ceiling windows throughout to capture the stunning blue skies and ocean views. An expansive chef’s kitchen with custom cabinetry, Quartz countertops and Miele appliances, a formal dining room and spacious great room complete the awe-inspiring 3,606 interior square feet of living space that seamlessly flow outdoors to nearly 1,000 square feet of private terrace overlooking the unparalleled resort-style amenities and glistening ocean waves. The buyers of unit 702-S were a wealthy South American family who paid cash for the residence and were represented by a fellow Douglas Elliman agent. They plan to make the property their second home. Oceana Key Biscayne is truly an extraordinary condo project that sprawls over 10 acres on the lush barrier island of Key Biscayne, amid the Atlantic Ocean and Biscayne Bay, and offers an ultimate beachfront living experience in an idyllic setting featuring 500 feet of private beachfront and 5-star services and amenities including an oversized relaxation pool, 75-foot lap pool, pool restaurant, beach service, full-service spa, ocean-view fitness center, tennis court, putting green, beach volleyball court, party room, kid’s room, media room and personalized concierge services. If you, or someone you know, are interested in buying or selling a luxury residence at Oceana Key Biscayne, please contact Michael Light directly at (786) 566-1700 or michael@miamiluxuryhomes.com.
MLH Picks | Top 8 Miami Real Estate News Stories of 2017 Posted on January 4, 2018 by Michael Light 2017 was an eventful year for the Miami and Miami Beach real estate markets, so the Miami Luxury Homes Group at Douglas Elliman Real Estate has rated its Top 8 Real Estate News Stories of 2017…in no particular order. Michael Light Shatters 2 Coconut Grove Real Estate Records With Sale of Famous ‘Hammock House’ Buyers…Don’t Be Deceived By MLS Square Footage Data 300 Biscayne | Miami’s Tallest Tower is on the Horizon New Renderings | Coconut Grove’s Iconic CocoWalk to Get a Much Needed Facelift Douglas Elliman Breaks Yet Another Miami Beach Record MLH Picks: Today’s Top 5 Miami Pre-Construction Condo Developments JUST LISTED & BITCOIN ACCEPTED | 4 Bed/5.5 Bath Oceanfront Oceana Key Biscayne Offered at $5.95M Construction Update | Icon Brickell’s Famous Pool Deck Miami remains one of the most sought-after places to live in the United States and around the globe, and it shows when records after records keep getting broken throughout Miami and Miami Beach. If you are interested in learning more about the Miami and Miami Beach real estate markets, please contact broker associate Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
JUST LISTED & BITCOIN ACCEPTED | 4 Bed/5.5 Bath Oceanfront Oceana Key Biscayne Offered at $5.95M Posted on October 21, 2017January 21, 2019 by Michael Light The Miami Luxury Homes Group at Douglas Elliman is excited to announce its newest luxury oceanfront listing at the highly-esteemed LEED-Certified Oceana Key Biscayne, unit 702S, which is an opulent flow-through residence boasting fine finishes throughout and expansive terraces with stunning direct-ocean views. This residence is priced well below comparables to sell quickly at $5,950,000, and the owner will happily accept ‘bitcoin’ as payment for this luxury residence. Benefit from using Bitcoins with thebitcoinscode. According to Mansion Global, Bitcoin and the Blockchain are Disruptors in Global Real Estate, that could significantly improve transparency, speed and security of property transactions around the world. If you, or someone you know, are interested in a private viewing of this gorgeous residence at the exclusive Oceana Key Biscayne, please contact the listing broker, Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. About Oceana Key Biscayne Unit 702S A private elevator leads you into this lavish flow-through residence offering 3,603 square feet of interior living space featuring sophisticated fine finishes throughout, including 4 bedrooms + staff quarters and 5.5 spa-inspired bathrooms, with marble flooring, 10-foot ceilings and meticulously-framed floor-to-ceiling windows throughout to capture the stunning blue skies and water views. An expansive chef’s kitchen with custom cabinetry, Quartz countertops and Miele appliances, a formal dining room and spacious great room complete the awe-inspiring interior living space that seamlessly flows outdoors to nearly 1,000 square feet of private terraces overlooking the unparalleled resort-style amenities and glistening ocean waves. Oceana Key Biscayne Unit 702S Living Room Oceana Key Biscayne Unit 702S Kitchen Oceana Key Biscayne Unit 702S Master Bedroom Oceana Key Biscayne Unit 702S Terrace Oceana Key Biscayne Unit 702S Terrace View About Oceana Key Biscayne Oceana Key Biscayne Sprawling over 10 acres on the lush barrier island of Key Biscayne amid the Atlantic Ocean and Biscayne Bay, the esteemed LEED-Certified Oceana offers the ultimate beachfront living experience in an idyllic setting featuring 500 feet of private beachfront and 5-star services and amenities including an oversized relaxation pool, pool restaurant, beach service, full-service spa, ocean-view fitness center, tennis court, putting green, beach volleyball court, party room, kid’s room, media room and personalized concierge services. Oceana Key Biscayne Features & Amenities Green Building: first LEED-Certified building in Key Biscayne Gated, secured property 500-foot private beach Overwhelming open space Extensive lush landscaping Oversized relaxation pool and pool deck with private cabanas Pool restaurant Beach service Ocean-view fitness center Spa services Lap swimming pool Putting green Tennis court Sandy beach volleyball court Reception and concierge services Underground/secured assigned parking Valet & golf cart parking Party room Kids room Media room Art collection Private unit elevator & lobby Service elevator Oversized balconies Oceana Key Biscayne Relaxation Pool Oceana Key Biscayne Lap Pool Oceana Key Biscayne Beach Volleyball Court Oceana Key Biscayne Tennis Court Oceana Key Biscayne Fitness Center Oceana Key Biscayne Spa Oceana Key Biscayne Lagoon Oceana Key Biscayne Manicured Grounds Oceana Key Biscayne Outdoor Lounge Area Oceana Key Biscayne Lobby Entrance Oceana Key Biscayne Lobby Oceana Key Biscayne Party Room Oceana Key Biscayne Kid’s Room
JUST LISTED | 3 Bed/3 Bath Luxury Condo in Exclusive Ocean Club Key Biscayne Posted on June 14, 2017February 3, 2018 by Michael Light The Miami Luxury Homes Group at Douglas Elliman has just listed a beautiful 3-bedroom, 3-bathroom residence in Lake Villa One ideally situated within the ultra-exclusive Ocean Club community on Key Biscayne, offered at $1,650,000…now offered at $1,495,000! Unit 507 at Lake Villa One offers exclusivity from the moment you step off your private elevator into your entrance foyer which leads you into your spacious residence offering 2,174 square feet of interior living space and 2 large covered terraces with exceptional views of Key Biscayne. This residence offers floor-to-ceiling glass windows throughout, marble and hardwood flooring, galley kitchen with breakfast nook, all bedrooms include walk-in closets and ensuite bathrooms and a laundry room with front-load washer/dryer. The master suite boasts a large walk-in closet and bathroom with glass-enclosed shower, oversized jacuzzi tub and his and her separate vanities. Lake Villa One Unit 507 Great Room Lake Villa One Unit 507 Family Room Lake Villa One Unit 507 Master Bedroom The Ocean Club Key Biscayne The exclusivity of this residence should come to no surprise as it is located in the most prestigious community on Key Biscayne, The Ocean Club. The new owner of Unit 507 will certainly enjoy all of the extraordinary features and amenities that The Ocean Club offers to its members. Meticulously planned, The Ocean Club is a 52-acre residential resort-style community located along the Atlantic Ocean offering breathtaking views, lush landscaping, cascading fountains and man-made lakes. This gated community is privately owned and accessed only by its members which are the owners of the 802 units spread among 11 residential high-rise and mid-rise luxury buildings in the community. The social centerpiece of this community is the Beach Club offering over 25,000 square feet of social space featuring multiple temperature-controlled swimming pools with lounge cabanas, state-of-the-art health & fitness spa, tennis clubhouse with 8 outdoor tennis courts, pro shop, lounge/bar and locker rooms and two restaurants – one fine dining and one casual. The Ocean Club Key Biscayne Pool The Ocean Club Key Biscayne Cardio Room at the Fitness Center If you, or someone you know, are interested in a private viewing of Unit 507 at Lake Villa One in Ocean Club Key Biscayne, please contact listing broker Michael Light, Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael directly at his office at (305) 350-9842, on his cell phone at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
Top 25 Most Expensive Miami Condo Sales of 2014 Posted on January 15, 2015 by Michael Light Top 25 Most Expensive Miami Condo Sales of 2014 Since the crash of the market in 2008, many people question the stability of the luxury condo market in Miami even though the Miami condo market has shot back up to the top in a short amount of time. If you don’t believe me, check out the statistics from 2014…numbers don’t lie! In 2014, there were 1,087 Miami condo sales of $1M or above which accounted for 6.1% of the 17,834 total condo sales. Moreover, the chart above is a list of the Top 25 most expensive condo sales in Miami in 2014, to further confirm the high demand for ultra-luxury condos in Miami. The total sales volume for these Top 25 condos is a whopping $276,015,000 with an average of 261 days on the market. These condo residences had an average price per square foot of $2,434.79 and a median price per square foot of $2,333.23. To top the list at #1 was Continuum South Beach South with its $27.5M sale of units 3602 | 3603 | 3604 combined into one luxurious, mega condo. Continuum South Beach consists of 2 exclusive, gated towers and sits on 12 acres of pristine, oceanfront land. Continuum South Beach offers a truly 5-star lifestyle. Whether you pamper yourself in the European spa, take a Pilates class in the private, three-story Sporting Club or work with a tennis pro on one of the three championship clay tennis courts, Continuum South Beach has something exceptional for everyone. In addition, 12 of the Top 25 Miami condo sales came from Miami Beach, with 5 on Fisher Island, 4 in Bal Harbour (all of which were at St. Regis Bal Harbour), 2 in Sunny Isles Beach and 1 in Key Biscayne. Also, Coconut Grove made the list with the sale of unit 3001 at Grovenor House which was also #1 on the list of the 25 most expensive Coconut Grove real estate sales of 2014. Additionally, my St. Regis Bal Harbour sale almost made the Top 25 list. Ranking as the 32nd most expensive condo sale in Miami in 2014, was my sale at the luxurious, St. Regis Bal Harbour Residences. I sold Unit 1901 in the North Tower at St. Regis Bal Harbour in March of 2014 for $6.5M, decorator ready. This gorgeous, 3 bedroom plus den, 3.5 bath condo boasts 3,884 square feet of interior space with 1,332 square feet of terrace space overlooking the breathtaking Atlantic Ocean. Aside from the stunning residences, St. Regis features unparalleled amenities and views and is one of the most exclusive condo buildings in South Florida. St. Regis Bal Harbour Condo Residences If you, or someone you know, are interested in purchasing a Miami luxury condo, it is imperative that you work with a real estate agent who specializes in the Miami condo market. So, please call me, Michael Light of Miami Luxury Homes, to help you with all of your Miami real estate needs. You may contact me at my office at (305) 350-9842, on my cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Disclaimer: All of the statistics referenced herein were retrieved from the Multiple Listing Service (MLS) on January 15, 2015.