Just Listed | Spacious Duplex At Ten Museum Park Offered For $1.80M Posted on March 13, 2023March 14, 2023 by Sarah Elles Boggs Stepping into Ten Museum Park is like stepping into a transformative oasis with the juxtaposition of the boisterousness of Downtown Miami combined with the zen-like tranquility of the sleek and modern tower. We are excited today to showcase the newly-listed residence 2603 in the 50-story building, a 1,794-square-foot 2 bedroom, 2 bathroom and powder room that is being offered for $1,800,000. Ten Museum Park 1040 Biscayne 2603 Stainless Kitchen Designed by Oppenheim Architecture, this stunning duplex waterfront loft embodies the Miami lifestyle throughout. With a spacious and airy floor plan, the space is as versatile as it comes. The all-stainless kitchen features Miele, Bosch and SubZero integrated appliances and is open to the formal dining area, creating a flow that spills over into the dual-height living area that overlooks the Biscayne Bay at the Port of Miami. A spacious outdoor living area offers 26th-floor views of cruise ships entering and exiting the port each day, Miami Heat games and concerts at the Miami Arena, endless fireworks shows and all of the events at the Frost Science Museum as well as the PAMM Art Museum in the magnificent Maurice A. Ferré Park. This is the urban oasis surrounding the museums in over 30 acres of lush green space that includes the new Dogs and Cats Walkway and Sculpture Garden. Ten Museum Park 1040 Biscayne 2603 Balcony Night Ten Museum Park 1040 Biscayne 2603 second floor Both of the bedrooms and ensuite baths are quite spacious. The 2nd level primary suite overlooks the balcony and view that goes across the glittering island of Miami Beach to the ocean. Inside the open-concept primary spa, you will find dual vanities with vessel sinks and an eye-catching 360-degree glass-enclosed shower offering bay views while you undergo your skin routine. Ten Museum Park 1040 Biscayne 2603 Primary Vanity Ten Museum Park 1040 Biscayne 2603 Primary Shower The second bedroom is as spacious albeit offering more privacy. There is ample space and natural light with sleek rectangular windows that emulate a sense of art through architecture. Ten Museum Park 1040 Biscayne 2603 Bedroom Ten Museum Park 1040 Biscayne 2603 Guest Bath Ten Museum Park is known for its world-class spa and elevated amenities. The elegant spa is home to both steam and snow rooms along with a host of treatments. The pool area wraps around the amenity level of the building with several carefully-placed “endless pools” that offer strong jet currents, allowing swimmers to swim with as much resistance as they like. Ten Museum Park 1040 Biscayne Pool Seating Area Ten Museum Park 1040 Biscayne Spa Entrance Ten Museum Park 1040 Biscayne Fitness Center Cardio The services at Ten Museum are also incredibly thorough. There is 24-hour security, doorman, concierge and valet that is on hand to cater to your every need. Additionally, each owner receives a membership to a private beach club in Miami Beach. The Bentley Beach Club at the Hilton in the chic South of Fifth section of Miami Beach offers the perfect place to soak up the sun and relax in style with services for adults as well as the children. Beach at the private Bentley Beach Club courtesy of their website The lifestyle of Ten Museum Park is truly what many people move to Miami to experience. The convenience of the location offers proximity to shopping, art, culture, fine dining and nightlife, while the interior services offer luxurious tranquility all wrapped in a beautifully-designed glistening tower. If you are interested in a private tour of 2603 at Ten Museum Park, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
2015 Downtown Miami Condo Statistics Posted on January 15, 2016 by Michael Light The Downtown Miami condo market in 2015 saw 310 closed sales – just short of the 355 sales in 2014. Moreover, the average Downtown Miami condo closed sales price in 2015 was $536,870 which equals $431.07 per square foot and was 94.5% of the average list price. The most expensive closed sale of 2015 in Downtown Miami was a luxury condo at 900 Biscayne Bay which closed for $3,150,000 at $830.48 per square foot, better known as basketball superstar Kevin Durant’s penthouse which I sold in May. This condo at 900 Biscayne Bay shattered the average closed sales price of a condo in Downtown Miami by $400 per square foot, and rightfully so…just check out the pictures here: –Penthouse 6307 at 900 Biscayne Bay Virtual Tour– Below, I have laid out all of the 2015 Downtown Miami condo statistics and then a year-over-year comparison of 2015 vs. 2014. 2015 Downtown Miami Condo Sales by the Numbers: Total Number of Sales: 310 Average List Price: $568,337 Median List Price: $452,205 Average Sales Price: $536,870 (94.5% of List Price) Median Sales Price: $435,000 (96.2% of List Price) Average Sales Price Per SQ/FT: $431.07 Median Sales Price Per SQ/FT: $413.87 Days on Market: 148 Average / 93 Median Highest Priced Sale of 2015: 900 Biscayne Bay PH6307 Closed on 05/08/2015 @ $3,150,000 ($830.48 per sq/ft) Lowest Priced Sale of 2015: 50 Biscayne Unit 4103 Closed on 10/14/2015 @ $188,500 ($332.45 per sq/ft) For those “vultures” out there looking for distressed properties, please note, there were only 18 distressed sales in Downtown Miami in 2015: 16 REO’s & 2 Short Sales. “Miami” seems to pop up on so many year-end lists for high levels of foreclosures and short sales, but this may be misleading. The reason I placed Miami in quotes above is because these lists include so many surrounding suburbs of Miami, i.e. Homestead, Opa Locka, Kendall, etc., and then analysts lump them all together as “Miami.” Download – 2015 Downtown Miami Condo Sales Data 2015 vs. 2014 Downtown Miami Condo Sales Year-Over-Year Numbers: Total Number of Sales: DOWN 45 | 310 in 2015 vs. 355 in 2014 Average List Price: DOWN $27,326 | $568,337 in 2015 vs. $595,663 in 2014 Median List Price: DOWN $22,795 | $452,205 in 2015 vs. $475,000 in 2014 Average Sales Price: DOWN $27,050 (-4.8%) | $536,870 in 2015 vs. $563,920 in 2014 Median Sales Price: DOWN $15,000 (-3.3%) | $435,000 in 2015 vs. $450,000 in 2014 Average Sales Price Per SQ/FT: DOWN $11.06 (-2.5%) | $431.07 in 2015 vs. $442.13 in 2014 Median Sales Price Per SQ/FT: DOWN $6.25 (-1.5%) | $413.87 in 2015 vs. $420.12 in 2014 As you can see, all of the sales statistics were trending down in 2015 vs. 2014, but I don’t think this has to do with a market downturn. In my opinion, it has to do with the high number of new construction condo projects in Miami that were announced last year. Many buyers looked more towards the long-term opportunity of purchasing a new construction condo and waiting for its completion over an existing condo. Since developer sales are private and not disclosed to the public, it is impossible to include those sales with this data. Chances are, if I could somehow get a list of developer sales in 2015, all of the statistics above would be significantly higher. For example, Paramount Miami Worldcenter has sold approximately half of its 513 units at around $700 per square foot. I know this because I sold over $10M worth of condos there in 2015, and I watch their numbers very closely. If you were to use their sales and add those numbers to the MLS data above, you would be looking at the average sales price in Downtown Miami in 2015 hovering above $750,000 and $550 per square foot. I haven’t even mentioned One Thousand Museum which is selling well over $1,200 per square foot and would make the numbers even higher. Downtown Miami Condo Sales Over $1M in 2015 2015 Downtown Miami Condo Sales Over $1 Million In 2015, there were 22 condo sales over $1,000,000 in Downtown Miami compared to 35 in 2014. The average days on market in 2015 for sales over $1M was 184 (one sale was on the market for a whopping 1,289 days which skewed the numbers) compared to 177 in 2014, but median days on the market fell from 129 in 2014 to 84 in 2015. Downtown Miami is still a super hot condo market, so If you, or someone you know, would like more information about purchasing a condo in Downtown Miami, please contact me, Michael Light. 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. Disclaimer: The statistics referenced herein were retrieved from the Multiple Listing Service (MLS) on January 15, 2016. Any closed sales not listed in the MLS are not included in the statistics referenced herein. The MLS search criteria used was 33131 & 33132 zip code + map outline from North – I-395 to South – Miami River & West – I-95 + built after 2000. The information contained herein is for informative purposes only and should not be relied upon.
Ten Museum Park Condos 2014 Year-End Market Report Posted on January 12, 2015January 12, 2015 by Michael Light Ten Museum Park Condos 2014 Year-End Market Report Ten Museum Park condo sales throughout 2014 were positive as the average and median sales prices increased and the average and median sales prices per square foot increased by 15.1% and 13.7% respectively, according to data compiled from the Multiple Listing Service (MLS) as of January 12, 2015. Local market trends are an important factor when determining the strength of the Miami real estate market. Furthermore, it is necessary to compile all of the sales statistics for a specific Miami condo building to determine the strength of the respective condo building. So, I have compiled all of the 2014 and 2013 closed sales data of Ten Museum Park from the MLS and displayed it below along with a comparison of the year-over-year numbers from 2014 to 2013. 2014 vs. 2013 – Ten Museum Park Condo Sales Year-Over-Year Numbers: Total Number of Sales: – 5 Sales Average Sales Price: + $57,110 Median Sales Price: + $66,250 Average Sales Price Per SQ/FT: + $60.46 (+15.1%) Median Sales Price Per SQ/FT: + $54.31 (+13.7%) 2014 – Ten Museum Park Condo Sales by the Numbers: Total Number of Sales: 14 Average Sales Price: $ 575,321 Median Sales Price: $ 496,250 Average Sales Price Per SQ/FT: $ 461.67 Median Sales Price Per SQ/FT: $ 450.57 Highest Priced Sale of 2014: Unit 3704 Closed on 12/26/2014 @ $980,000 ($566.47 per sq/ft) Lowest Priced Sale of 2014: Unit 1708 Closed on 10/10/2014 @ $338,000 ($418.32 per sq/ft) Ten Museum Park Condos 2014 Closed Sales 2013 – Ten Museum Park Condo Sales by the Numbers: Total Number of Sales: 19 Average Sales Price: $ 518,211 Median Sales Price: $ 430,000 Average Sales Price Per SQ/FT: $ 401.21 Median Sales Price Per SQ/FT: $ 396.26 Highest Priced Sale of 2013: Unit 2704 Closed on 09/24/2013 @ $905,000 ($465.06 per sq/ft) Lowest Priced Sale of 2013: Unit 2905 Closed on 02/28/2013 @ $285,000 ($341.32 per sq/ft) Ten Museum Park Condos 2013 Closed Sales If you, or someone you know, would like more information on Ten Museum Park condos or any other condos in Downtown Miami, please contact me, Michael Light of Miami Luxury Homes. I have direct knowledge of the Downtown Miami condo market and have sold and rented many condo units at Ten Museum Park. You can 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.