Contemporary Living On Miami Beach at Terra Beachside Villas
A year ago I was concerned and exposed the issues and concerns with the failed Terra Beachside Villas project. Well, in 2010 it was taken over with solid financial backing, finished out, completed and marketed with an entirely new team in place. The finished product was worth exploring and I had the luxury of touring the property located at 6000 Collins Avenue last week while learning the intricacies and noting the fine finishes & detail used within each residence.
Terra Beachside Villas atrium interior is very impressive and feels like a word within it’s own unlike anything else I’ve seen or experienced here with Miami Beach real estate. Take a peek at this translucent atrium canopy photo as I entered the complex. This photo doesn’t do it justice.. the interior was cool & bright with awesome light pouring in while completely protected from the elements.
The well appointed loft interiors were well thought out with outstanding kitchens for the gourmet chef such as this model unit below designed by Steven G interiors. These larger model units are selling well while the 1 bedrooms are all sold through the current inventory.
Amenities Include:
Dramatic Zen Influenced 400-foot Skylit Atrium Spanning the Entire Property
3-Story Lifestyle Center w/Cardio Area, Fitness Center, Media Room, 80′ Lap Pool & Jacuzzi
24-hour Security and underground secure garage parking
Wireless Internet Throughout & Direct Beach Access
Interior Features Include:
2-Story Residences with 18‘ ceilings in Living areas
Top of the Line Kitchens featuring Miele and KitchenAid appliances
Bathrooms feature Philippe Starck Designed HansGrohe & Duravit Fixtures
Fire, Wind*, Water & Earth Floor Plans from 1,095 to 2,180 total square feet
Wind* Floor Plans come with an additional 1,315 square feet of rooftop terrace including Summer Kitchen
Wind* ownership come with a 1 year membership to the exclusive Bath Club
Maintenance Fees estimated at 37 cents per square foot
If your interested in finding more information on Terra Beachside Villas and other townhomes or Miami Beach loft options, call or email me today.. 1.888.383.7326!
Acqualina Condo Resort is theSunny Isles Beach luxury resort and real estate record setter each & every year with an excellent track record for stability & success. This oceanfront condo tower was built in 2006 alongside Trump Palace and was developed with a luxury hotel management option for condo owners. Acqualina offers the very best in white glove concierge services along with the hotel & amenities management by Rosewood Hotels & Resorts®. This 5-Star Diamond hotel & resort boasts 20,000 square feet of signature European ’ESPA’ Spa and fitness center. Two exquisite restaurants are onsite including Il Mulino of New York and the Costa Grill offering oceanfront dining plus 24-hour room service for all residents & guests. With an entrance like no other flaunting sophistication upon your entry, other great amenities at Acqualina include a beach front cafe & bar, 3 pools, a beauty salon, housekeeping. While private condo residences on the South side of Acqualina offer stellar security and privacy for owners (plus a private gated entry to elevators and the owner pool), the North side is only open to Rosewood’s hotel guests and access to these other wonderful amenities.
Welcome to the feeling of St. Tropez right on Sunny Isles Beach also known as Florida’s Riviera.
Today’s Acqualina condo statistics show us 25 condos for sale ranging from 1 bedrooms starting at $699,000 to $6.9M for a 7 bedroom private condo residence. The average asking price per square foot is $839 while the average list price reflects $2.2M. There are 4 Acqualina condos under contract and 4 sales in the last 90 days ranging from $1.3M to $4.5M with average days on market reflecting 141, average selling price per square foot at $688 and a sale to list price ratio at 91.75% or an averaged 8% buyer discount. So far in 2010, there have been 8 sales in Acqualina with the average selling price per square foot at $677 and 12% buyer discount while in 2009 there were 12 sales with an average selling price per square foot of $697 and 12% buyer discount. Here we’ll find Acqualina condos for sale and for rent. For more information email me here or call toll free at 1.888.383.7326!
Capri South Beach is the latest development on the prime Biscayne Bay side of Miami Beach & 16th Street. Steps from famous Lincoln Road awaits a boutique yet exquisite building with three modernistic structures comprised of sixty-nine luxury condo residences. Capri is a boaters dream development in South Florida awaiting you with a private marina and boat slips and superior views of Downtown Miami across the waterways of Biscayne Bay.
Contemporary condo choices are available now with newly reduced pricing offering stylish design and finishes such as travertine floors, oversized terraces, the finest built in European closet systems, floor-to-ceiling windows and glass doors throughout. Each sleek European kitchen boasts a quartz kitchen island, Miele appliances, Poggenpohl cabinetry, dual stainless-steel sinks and a 36-inch, built-in Sub-Zero refrigerator. In the white Thassos marble bathrooms you’ll find an oversized soaking tub set romantically within the glass-enclosed double rain shower make each master bath an oasis unto itself. The project itself includes a fitness center, spa, valet, a great room, swimming pool, Jacuzzi and 500′ of bay front walking path~
For the ultimate South Beach penthouse, preview this once in a lifetime opportunity at Capri Penthouse-o1, the trophy property of South Beach. This spacious penthouse offers the utmost living quarters of just under 3,000 square feet plus 2,000 square feet of terrace space overlooking & owning a most magnificent Miami skyline view… Capri PH-01 includes 4 private terraces, marble flooring, a built out interior with stereo surround sound and now available for purchase. The Capri South Beach property was developed in 2008 by Maefield Development, Kobi Karp architecture & interior design with Rene Gonzalez Interiors.
W South Beach construction drama arises from speculators noting substantial loss of value from inflated frenzy on a solid product. W South Beach IS one of a kind but with asking values averaging $1,968 per square foot for the month, the final product is now showing signs of distress from the speculator community (from 2006). The South Florida Business Journal published an article today on alleged deception in W Hotel South Beach (2201 Collins Avenue) with several unit owners suing for their deposits to be returned in their entireties. The alleged suit claims the developer promised 520+ units, larger sized units and a second pool at the stylish 420 unit condo hotel.
“The biggest problem at the W right now is the values have declined so substantially, and nobody will lend on that,” said Dennis Freeman, a Miami Beach attorney handling one of the cases.- S. Florida Business Journal
Whether or not he’s referring to the resale values or the hotel room rates (or both) was undetermined but these speculators are asking for the full 20% deposit returned which is unlikely to occur in my opinion. The biggest issue seems to be fewer number rooms than promised as the total ownership is based on the total number of condo hotel units and that percentage of space is used to determine the amount of monthly maintenance costs. In this case and in my opinion, today’s maintenance fees are relatively consistent with other condo hotels of South Beach or approximately $1.50 psf. Other complaints are the smaller than promised “rooms,” a door connecting rooms not disclosed, the elimination of the second pool to the number of trees planted outside.
As of March 2010, 53 deeds were recorded through Miami Dade County out of 420 total W SoBe condo hotel units. W South Beach still a very desirable property and a known celebrity hangout. The newest & latest is typically the hottest in South Beach as was The Setai in 2007. I expect it to do just fine over the next 3 years as values catch up with the market or the market catches up with values.
