Douglas Elliman Launches Sales at Ocean Glass Residences
Ocean Glass Residences, an exclusive community of 28 luxury townhomes, recently launched sales with Douglas Elliman Real Estate. Located at 10101 South Ocean Drive on Hutchinson Island, the development offers residents a unique combination of waterfront living and modern sustainability features.
Ocean Glass Residences, an exclusive community of 28 luxury townhomes, recently launched sales with Douglas Elliman Real Estate. Located at 10101 South Ocean Drive on Hutchinson Island, the development offers residents a unique combination of waterfront living and modern sustainability features. Designed by Wright Gardner and developed by EcoLogics Group, LLC, the homes feature cutting-edge Green Tech, including floor-to-ceiling impact glass panels and living spaces elevated 13 feet above sea level to enhance durability in the coastal environment.
The townhomes, ranging from 2,970 to 3,280 square feet, offer spacious three- to four-bedroom layouts with contemporary designs and a focus on open living spaces. Each home also includes a 500-square-foot rooftop terrace, providing expansive views of the surrounding nature preserve and the Intracoastal Waterway. Residents will benefit from private 3-plus-car garages, making the community ideal for those seeking both luxury and practicality.
Beyond the individual residences, Ocean Glass Residences boasts 14 private acres, 11 of which are preserved as untouched natural land. This commitment to conservation enhances the community’s peaceful ambiance and ensures long-term privacy. Additional amenities include a centralized clubhouse, complete with a pool and greenspace, as well as outdoor showers for residents to enjoy after beach visits. Notably, the community offers 11 private boat slips and direct beach access, a rare feature in the area.
Conveniently located just minutes from Historic Downtown Stuart, Ocean Glass Residences is close to the area’s best restaurants, galleries, and entertainment venues. With easy access to museums, live theatre, and boutique shops, the development is positioned to offer a blend of serene waterfront living with cultural experiences just a short drive away.
Dean Bloch and Kim Spears of Douglas Elliman are exclusively representing the sales of Ocean Glass Residences, with interest expected to grow as buyers seek out properties that provide a balance between modern luxury, environmental sustainability, and natural beauty.
New Urban Communities Sells Azul Apartments In Stuart For $15.5 Million
The Delray Beach-based New Urban Communities, led by Kevin Rickard and Tim Hernandez, has sold Azul Apartments in Stuart for $15.5 million to the San Diego-based public REIT DiversyFund Growth REIT. The price breaks down to roughly $316,000 per unit.
The Delray Beach-based New Urban Communities, led by Kevin Rickard and Tim Hernandez, has sold Azul Apartments in Stuart for $15.5 million to the San Diego-based public REIT DiversyFund Growth REIT. The price breaks down to roughly $316,000 per unit. The transaction was overseen by Stephen Nostrand and Alexis Shapiro with ONE Commercial Real Estate. Azul Apartments was developed in 2019 and features 49 units spread over 32,577 square feet of total developed. Units come in one, two and three-bedroom floor plans and amenities include a pool, spa, fitness center, media center, club room, walking trails and on-site management. Located at 201 SW Joan Jefferson Way, Azul Apartments rises three-stories on 1.6 acres of land which was leased by the city to the developer was designed by Martin Architectural Group.
Galium Capital Lists Stabilized Portfolio of 35+ Single-Family Homes Across South Florida For $10 Million
Galium Capital announced today the listing of a 35+ single-family home portfolio across South Florida for $10 million. The stabilized portfolio features homes which are located across several Lennar communities in cities such as Doral, Homestead, Coconut Creek, Stuart, Miami and Hialeah.
Galium Capital announced today the listing of a 35+ single-family home portfolio across South Florida for $10 million. The stabilized portfolio features homes which are located across several recently built communities in cities such as Doral, Homestead, Coconut Creek, Stuart, Miami and Hialeah.
The listing comes at a time when population growth in Southeast Florida has surpassed the pace of new home construction in the past 7 years. Nationwide, appetite for single family home rentals is growing faster than that of apartment rentals and South Florida’s rental market is expected to grow faster than the national average. Single family homes are the largest residential rental asset class.
The homes are of the highest-quality in their segment, built by one of the nation’s most reputable home builders. The new construction homes, finished in 2017, feature 2-floor concrete block construction as well as ready-to-move-in finishes including stainless steel appliances, granite counters, smart home technology, keypad entry and smart thermostats. The portfolio also includes community model home which include high-end finishes and homesite premiums. The community HOA’s are approved for FHA lending to home buyers and include resort style amenities.
This one-of-a-kind investment opportunity allows the bulk buyer to purchase the homes at 7.5% below retail value and 33% below replacement cost. The portfolio also boasts a high tenant profile with an outstanding performance record of 90% + occupancy. The strong occupancy is a result of the high demand in single-family rentals in South Florida. The current owner has a strict acceptance criteria including credit score, background check and collection standards. The highly liquid product gives the owner the opportunity to obtain value through rental yield or capitalizing on the gap between acquisition price and today’s retail market value.
For more information, please contact Galium Capital at 305-433-2008 or www.galiumcapital.com.
About Galium Capital:
Aventura-based Galium Capital owns more than $300 million in commercial assets across the United States with asset management and property management performed in-house. Galium Capital invests in multifamily residential, retail, hotels and office space. Galium Capital is led by Jacques Bessoudo and Iser Rabinovitz.
Tour This Oceanfront Versace Inspired Estate In Stuart Listed for $7.495 Million
A Versace inspired estate in Stuart, FL’s Sailfish Point featuring direct oceanfront views has listed for $7.495 million. The 14,000 SF mansion features 5 bedrooms and 6.5 bathrooms and luxurious designer finishes such as Versace tiles imported directly from Italy.
A Versace inspired estate in Stuart, FL’s Sailfish Point featuring direct oceanfront views has listed for $7.495 million. The 14,000 SF mansion features 5 bedrooms and 6.5 bathrooms and luxurious designer finishes such as Versace tiles imported directly from Italy. The home is located on just under 1 acre and offers ocean views from nearly every room. Other opulent features include a custom gourmet kitchen, double entry staircase, oversized bedrooms and a massive second floor terrace. Outside the home features a heated swimming pool, gazebo with summer kitchen and private beach entry. The lavish property comes equipped with membership access to resort style amenities including golf course and more. Stuart is experiencing rising oceanfront prices but still a great value in comparison to most all other luxury markets and is popular among high net worth clients seeking Sailfish Point as their winter destination.
2966 SE Dune Dr. Stuart, FL is currently listed for $7,495,000 with Matthias Fretz of Douglas Elliman
For more information about 2966 SE Dune Dr. Stuart, FL, private showings or purchasing information please fill out the form below:
Mast Capital and BH Group have announced Raffles Residences Coconut Grove, the brand’s first standalone residential development, with 35 homes from $4.5 million and architecture by Brandon Haw.