Off-Market Spec Home Sells For Record Price On East Side of Miami's Bay Harbor Islands

A spec home set to be completed this summer on Miami’s Bay Harbor Islands has record as the highest sale recorded on the east side of the exclusive residential island neighborhood. Located at 9501 East Broadview Drive, the home sold for $14.25 million. Oren Alexander and Isaac Lustgarten of OFFICIAL represented the seller, Sam Bissu of Luxom Developments, the developer of the home. The home is brand-new construction, slated for completion this summer and designed by architect Simon Bissu with interiors by Margaret Bissu. The residence spans 6,185 SF on an 11,250 SF lot and features seven bedrooms, seven-and-a-half bathrooms and a den, as well as 75 feet of water frontage.

The spacious floor plan seamlessly blends indoor and outdoor living complete with elegant interiors adorned with high-end finishes and meticulous attention to detail. The gourmet kitchen features top-of-the-line appliances, marble finishes, and custom cabinetry. The primary suite offers expansive windows overlooking the water, two luxurious en-suite bathrooms and closets, and a private balcony. The outdoor area is a true paradise with 75 ft of water frontage, pool, and jacuzzi. The rooftop terrace has an outdoor kitchen and plenty of room to host gatherings from sunrise to sunset.

Check Out This Tropical Modern North Bay Road Waterfront Estate Asking $42.5 Million

An ultra-sleek tropical modern waterfront listing with two outdoor pools on the prestigious North Bay Road in Miami Beach has hit the market for $42.5 million. The home is located at 5004 North Bay Road and blends modern architecture with timeless design. Oren Alexander and Isaac Lustgarten of OFFICIAL are the exclusive listing agents; the pair also selling a neighboring property.

Designed by Jennifer Post, the 8-bedroom, 9-bath home features over 21,000 square feet of indoor and outdoor living space. The home’s dramatic entryway is surrounded by a large water feature, while inside, floor-to-ceiling windows fill the modern interior spaces with natural light. The sleek and timeless finishings set the stage for its future buyer's style. There is also an atrium courtyard in the heart of the home, bringing the outdoors and fresh air inside.

Outdoors, the home features 105 feet of water frontage, as well as not one, but two outdoor pools: a rare rooftop pool and an infinity edge pool, both overlooking the bay. The lushly landscaped outdoor amenity spaces are made for Miami Beach entertainment, with an outdoor kitchen, dining space and plenty of lounge seating including a sunken seating area. The home also features a private dock with waterfront views.

Images via OFFICIAL

Starchitect Chad Oppenheim's Miami Home, Villa Allegra, Hits Market For $33 Million

Miami-based starchitect Chad Oppenheim, who has designed some of the finest waterfront homes and condominium towers including Ten Museum Park, has listed his home on Miami’s Sunset Islands for $33 million. Listed with Oren Alexander and Tal Alexander of OFFICIAL, Villa Allegra, located at 1500 W 23rd Street, was a once-ordinary single-story ranch which was transformed by Chad Oppenheim into a tropical modern home by adding multiple interior and exterior rooms to create over 6,000 square feet of classic yet contemporary living space. The striking yet pared-back home is nestled in a garden of native vegetation, guaranteeing its future buyer tranquility and the utmost privacy.

Villa Allegra is made for entertaining, having hosted celebrations for big-name brands like Audi and Ferrari, and even appearing in the Miami Vice movie. From the grandeur of the living spaces to intimate alcoves, every corner reflects Oppenheim's style that blurs the line between classical and contemporary. Located in Sunset Island III, the waterfront villa is nestled in a lush garden of native vegetation, conceived by Raymond Jungles, this home embodies the perfect blend of luxury and tranquility. Outdoors features multiple docks to accommodate water toys and yachts up to 75’.

Chad Oppenheim established Oppenheim Architecture in 1999 and now has studios in Miami and Basel, Switzerland with an inquisitive team of forty architects, interior designers, planners, dreamers, and technicians. Oppenheim Architecture has received over 90 awards, including more than 60 from the American Institute of Architects (AIA) Awards, as well as a National Design Award from Cooper Hewitt, Smithsonian Design Museum. Their projects in Miami include Ten Museum Park, Forte dei Marmi, Metropica and several record breaking single family waterfront homes, amongst other commercial and residential project.

Images via Karen Fuchs

Waterfront Estate on North Bay Road Hits Market For $44 Million Listed With OFFICIAL's Oren Alexander

5050 North Bay Road, a classic post-modern design waterfront Miami Beach estate, has come back on the market for $44 million, down from a previously asked $49 million, and is now listed with Oren Alexander of OFFICIAL. The elegant North Bay Road estate was recently reimagined by Dara Huang, showcasing an air of timeless sophistication, meticulously crafted living spaces, six bedrooms, and seven bathrooms, that reflect South Florida living to its core.

Featuring breathtaking, unobstructed views of Downtown Miami and Biscayne Bay, 5050 North Bay Road is a 7,746 SF home located on an oversized 32,085 SF lot with 139’ of water frontage. The remarkable home is the perfect blend of modern luxury and classic elegance with sleek architectural details.

The open floor plan and large windows create a light-filled and welcoming atmosphere. Wood paneling throughout evokes a sense of warmth and coziness while impeccable detailing can be found in every room from the embroidered curtains and trimming to the furnishing and artwork. The kitchen features a large dining area, separate prep kitchen, breakfast nook, and a dedicated butler’s pantry with a rotisserie oven. The layout includes four bedrooms with the primary suite situated upstairs along with two additional rooms. The primary suite is a private oasis with a terrace overlooking the bay and spa-inspired bathroom with a sauna.

The guest house spans 1,500 SF and features two separate entrances that can be configured as four bedrooms – in its current state it is situated as two separate bedrooms with one living area each.

The outdoor living spaces are akin to a private resort, featuring perfectly manicured grounds adjacent to the wide-open views of Biscayne Bay and 139’ on the water complete with an oversized dock. A backyard pool offers an entertaining area with a covered pizza oven and grill. The pool on the side of the house boasts a steam and sauna, cold plunge and hot tub.

Images via OFFICIAL / DADA Goldberg

FIRST ON PROFILE: Landau Properties Launches Sales of Indian Creek Residences & Yacht Club Starting At $5 Million

The NYC and Miami-based Landau Properties, led by Jonathan Landau, has launched sales for the highly-anticipated Indian Creek Residences & Yacht Club on Miami’s Bay Harbor Islands. The boutique building offers nine luxury condominium homes and six yacht slips, providing one of the only private yacht clubs in the area and a sought-after opportunity for waterfront views of the coveted Indian Creek Island and exclusive Indian Creek Country Club. Pricing begins at $5.6 million for a half-floor home, with penthouse residences starting from $11 million with sales and marketing exclusively overseen by OFFICIAL Partners.

“Indian Creek Residences & Yacht Club is the first true luxury boutique new development overlooking Indian Creek Lake,” said Jonathan Landau, Founder and CEO of Landau Properties. “This unique site afforded us the rare opportunity to build a fully amenitized limited collection residential experience on Bay Harbor Islands, something for which the neighborhood has been waiting a long time. These homes are certain to resonate with buyers who appreciate exceptional design and are looking for a comprehensive lifestyle experience in Miami’s most desirable waterfront neighborhood.”

The eight-story waterfront development is being designed by acclaimed Miami-based architect Kobi Karp with interiors by Linda Zarifi of Zarifi Design, representing the designer’s first ground-up condo in Miami. A counterpoint to the tall, boxy, glass towers that have become synonymous with new development in Miami, the boutique, high-design building will pay homage to Bay Harbor's large concentration of mid-century modern design. Curved edges, neutral natural materials and sculptural details define the building inside and out. Lush, tropical and mature landscaping by Enea Garden Design will envelope the building and convey a resort-like return to nature.

“Today’s luxury buyers are looking for one-of-a-kind homes that combine show-stopping views with world-class finishes and amenities that meet their every need,” said Oren Alexander of OFFICIAL Development Advisors, the exclusive sales and marketing firm for the development. “Indian Creek Residences & Yacht Club is the only opportunity on the island to own a property with the amenities of a fully serviced condominium and the discretion of a private home. Indian Creek has garnered much attention lately from captains of industry, so it’s no surprise that we’ve already had strong interest in these homes before launching, with the most discerning buyers needing to guarantee their spot in this building.”

Ranging from three- to five-bedroom homes spanning from 3,300 to over 5,600 square feet, the collection of half-floor homes, duplex residences and full-floor penthouses combine unobstructed, postcard-like views with best-in-class modern finishes, in addition to private balconies and wine feature walls. Each residence boasts stunning panoramas of Indian Creek Lake and Biscayne Bay, as well as the Indian Creek Golf Course. Most also feature direct elevator entry for added privacy. All three-and five-bedroom homes feature spaces that can serve as additional bedrooms or home offices for added flexibility. Penthouses offer 75 feet of unobstructed water views.

The luxurious interiors designed by Zarifi feature Gaggenau appliance packages, Zenia white oak cabinetry with custom millwork, Taj Mahal stone countertops and islands, and Fantini fixtures in the chef-quality kitchens. Primary baths boast travertine floors and walls, and freestanding soaking tubs, with many offering water views.

“Bay Harbor Island has one of the largest concentrations of mid-century modern homes in the country,” said Linda Zarifi, Founder of Linda Zarifi Design. “Morris Lapidus, the pioneer of this movement, once said, ‘If you create the stage setting and it is grand, everyone who enters will play their part.’ At Indian Creek Residences & Yacht Club, we aimed to do just that: unveil a luxury and dramatic product modernized to 21st century living. Through every surface, material and feature, we push the boundaries of design while revealing something special along the way.”

In addition to expansive, elegant homes, Indian Creek Residences & Yacht Club will offer a comprehensive, resort-style amenities package for residents. The owners’ yacht club and private marina is complete with one shared slip and five available for purchase, dockmaster concierge services and an outdoor lounge with bar. Additional amenities include a world-class spa with sauna and steam rooms, dedicated treatment room and red-light therapy room; state-of-the-art fitness center; outdoor yoga lawn; outdoor waterfront lounge with hot tub; The Parlour, a flexible creative space with a custom wet bar offering personal storage, coffee bar, home office space and entertainment lounge with a high-fidelity audio system; and a 2,600-square-foot landscaped rooftop terrace featuring a pool, private dining area, outdoor kitchen and bar, and outdoor screening pavilion with lounge seating. The building also offers a full-time doorman, resident concierge and 18 private parking spaces.

Renderings via Williams New York

Step Inside A Contemporary Waterfront Estate In Boca Raton's Prestigious 'The Sanctuary' Community Asking $16 Million

A newly constructed contemporary waterfront estate located in Boca Raton’s prestigious community, The Sanctuary, has listed for $16 million. The brand-new residence offers a bright and cheerful Southern Exposure, bathing the home in natural light, as well as captivating 30 ft ceilings at the entry, creating magnificent art walls, a blank canvas for any art enthusiast. The newly constructed 8,826-square-foot residence comprises six bedrooms and ten bathrooms and is a work of architectural brilliance with impeccable modern craftsmanship.

The home’s focal point, a suspended vapor fireplace hangs in the living room, provides a sense of coziness with a contemporary touch. The ultra-modern feature is complemented by glass-enclosed wine storage in the adjacent dining room.

The home also features a gourmet kitchen, equipped with top-of-the-line Sub Zero and Wolf appliances No detail has been overlooked, from the impact windows ensuring security and peace of mind to the convenience of an elevator for easy access to all levels. Stay fit and active in the private gym, and enjoy the modern convenience of a Crestron Smart Home System.

The highly amenitized club room bar seamlessly opens to the covered lanai featuring a BBQ area with a well equipped summer kitchen and a built-in grill, overlooks the infinity pool, spa, and tranquil waterway. Additional amenities include an outdoor shower, elevator, wet bar, and more.

The Sanctuary is a highly sought-after gated community nestled in East Boca, surrounded by lush landscaping and offering 24-hour armed security for peace of mind. Enjoy the convenience of being just moments away from Boca's beautiful beaches, parks, and an array of shopping, dining, and nightlife options.

650 Tern Point Circle is currently listed with Oren Alexander of The Alexander Team at OFFICIAL.

Images via The Alexander Team

Global Investment Management Firm Pretium Signs Lease At Eighteen Sunset In Miami Beach's Sunset Harbour

Specialized investment management firm Pretium plans to open an office at Deco Capital Group’s Eighteen Sunset, a Class A office building being constructed at 1769 Purdy Avenue in Miami Beach. Pretium has leased 11,591 square feet on the fourth floor of the project, which together with other completed leases represents approximately 80% of all available office space at Eighteen Sunset. About 9,500 square feet in the building is still available. The project is currently rising after securing a $60 million construction loan last year.

“Miami Beach is excited to welcome Pretium to our community where our business assistance programs and incentives ease the ability of doing business, and our culture and lifestyle benefit business leaders, create jobs, and attract and retain talent,” shared Miami Beach Mayor Dan Gelber.

With more than 4,500 employees, Pretium has over $50 billion in assets under management across U.S. residential real estate, residential credit and corporate credit. Pretium’s Miami Beach office will span more than half of the fourth floor in the five-story building. The company will join a multibillion-dollar, publicly traded Toronto firm that signed a 20,000 square foot lease earlier this year. On the ground floor, Uchiko, a restaurant concept by award-winning Hai Hospitality group, will occupy approximately 6,000 square feet of space. Stephen Rutchik, executive managing director of Colliers International Florida, and Neil King, vice chairman of CBRE New York, represented Deco Capital Group in the transaction, and Daniel Posy, executive managing director of JLL New York, represented Pretium.

“Pretium is excited to be expanding its office presence to Miami, a region with a growing financial services community,” said Laura Cappiello, Pretium’s Chief Human Resources Officer. “Having an office in Miami will enable Pretium to attract and retain premium talent and broaden the pool of diverse candidates we seek to recruit.”

“Miami Beach has seen a significant increase in inbound investment, and the most fundamental change to the city’s economy has been the drive to develop Class A, best-in-class office space capable of accommodating the needs of preeminent global companies,” said Bradley Colmer, founder of Deco Capital Group. “Pretium operates from exemplary offices in international financial hubs and is proud to be one of the trailblazing companies relocating or expanding and establishing a more substantial presence in South Florida. Pretium is drawn to Eighteen Sunset for its quality design, prime waterfront location in the Sunset Harbour neighborhood and market-leading amenities and views.”

The City of Miami Beach has assisted a number of technology and financial services companies in expanding or relocating their operations after launching meaningful business incentive programs and business concierge services in 2021. Pretium participated in the city’s Expedited Plan Review and Permitting Program which offers an accelerated permitting review process of 10 business days. The city’s Job Creation Incentive Program offers an incentive of up to $60,000 per year for up to four years for businesses in targeted industries that create or relocate a minimum of 10 new, full-time jobs with average annual wages that meet or exceed 125% of Miami-Dade County or Florida average wages.

“It is really encouraging to see great companies, like Pretium and others, take advantage of Miami Beach’s programs and services,” affirmed Miami Beach City Manager Alina Hudak. “These programs were created to diversify the Miami Beach economy for the benefit of the entire community.”

Renderings via Eighteen Sunset

The Alexander Team Launches Ultra-Luxe Real Estate Advisory, Official, Backed By Side

The nation’s leading ultra-luxury real estate group The Alexander Team, led by Oren and Tal Alexander, has left Douglas Elliman to launch their own firm, Official. Official is the first real estate advisory firm to specialize in the ultra-luxury segment of the market and is backed by the San Francisco-based real estate firm Side, which partners with top-producing agents and teams who own their own brands. The Alexander team will also expand to the West Coast.

The Alexander Team was ranked by Douglas Elliman as the leading team by gross commission income and sales volume in both Florida and New York in 2021 with $1.8 billion in sales, accounting for 3.5% of the brokerages $51.2 billion in total sales volume. They were also ranked the #1 Team in the USA by Wall Street Journal in 2020, 2021 and 2022.

Side is a real estate brokerage founded in 2017 by Guy Gal to partner with leading real estate agents. The agents own 100% of their own brand and business and Side powers the back-end and acts as the broker. Side typically takes 10% of commissions and Side keeps the brand if the partners leave within the first two years of the partnership. Side expanded to Florida in 2019 and reached a $2.5 billion valuation in 2021. Side is backed by Tiger Global Management, ICONIQ Capital and Trinity Ventures.

Deco Capital Secures $60 Million Construction Loan For Eighteen Sunset In Sunset Harbour

Deco Capital Group has secured $60 million in construction financing from City National Bank of Florida for Eighteen Sunset in Miami Beach’s hot Sunset Harbour neighborhood. The loan will fund the ongoing development of the newest mixed-use project combining office, retail, and residential uses. Eighteen Sunset broke ground in November 2021 and is expected to be completed in late 2023.

Eighteen Sunset will feature street-level retail and restaurant space, two floors of Class A+ offices totaling 40,000 square feet, and an exclusive top-floor penthouse featuring more than 15,000 square feet of interior space as well as a breathtaking rooftop pool deck. All told, the penthouse residence comprises approximately 30,000 square feet of private indoor and outdoor space, outdoor dining room, expansive gardens, seating and recreational areas affording the owner and their guests panoramic vistas of Biscayne Bay, Downtown Miami, and evening sunsets to the west.

“We’ve seen significant interest from some of the most desirable and prosperous buyers and tenants in the country, who are looking at Eighteen Sunset from both a residential perspective and as a ‘live-work’ opportunity in the heart of one of South Florida’s most desirable districts,” said Deco Capital Group Founder Bradley Colmer. “The level and quality of demand we’re seeing in Miami Beach is as strong as it’s ever been and we are already talking with some of the most exciting businesses and retailers in the market. Now that Eighteen Sunset is coming out of the ground and our financing is in place, we expect the building to be filled in short order.”

Situated between Purdy Avenue and Bay Road, overlooking Biscayne Bay and Maurice Gibb Park, Eighteen Sunset will offer unmatched walkability and accessibility in the heart of Sunset Harbour, which has emerged as one of South Florida’s hottest lifestyle, retail, fitness, and dining destinations.

The penthouse is listed with Oren Alexander of Douglas Elliman, the retail leasing is overseen by Sara Wolfe of Koniver Stern and Stephen Rutchik of Colliers International is overseeing the office leasing.

Renderings via Eighteen Sunset

Deco Capital Group Breaks Ground On Eighteen Sunset In Miami Beach's Sunset Harbour Neighborhood

Deco Capital Group has broken ground on Eighteen Sunset, the newest mixed-use development coming to Miami Beach’s Sunset Harbour neighborhood. The five-story, mixed-use building will feature street-level retail and restaurant space, two floors of Class A+ offices, and an exclusive top-floor home in the sky with a private rooftop deck. Rising at 1769 Purdy Avenue, construction of Eighteen Sunset broke ground on November 4, 2021, during a ceremony involving the development’s partners, city officials including, and community stakeholders.

Situated between Purdy Avenue and Bay Road – overlooking Biscayne Bay and Maurice Gibb Park – Eighteen Sunset will offer unmatched walkability and accessibility in the heart of Sunset Harbour, which has emerged as one of South Florida’s hottest lifestyle, retail, fitness and dining destinations. Designed by Domo Studio, the project is estimated to be completed by Spring 2023 and will pursue LEED® Gold certification for energy efficiency. The project marks ORIGIN Construction’s third ground-up development to rise in Sunset Harbour, a meaningful neighborhood in the firm’s vast project portfolio.

“As Miami Beach experiences an influx of capital and investment from domestic and international sources, we are thrilled to begin construction of Eighteen Sunset. This development will meet demand for office, retail and residential space in one of South Florida’s most dynamic and walkable neighborhoods,” says Deco Capital Group Founder Bradley Colmer. “Eighteen Sunset will be the perfect complement to Sunset Harbour’s sought after commercial and residential assets, and we’ve assembled a first-rate design and construction team to see the development through.”

Deco Capital Group has selected ORIGIN Construction as the development’s general contractor. Throughout its history, ORIGIN has built and transformed more than 10 million of square feet of commercial real estate, ranging from commercial offices and retail shops, to restaurants, hotels and medical offices. The company is led by a team with a 20-year track record focused on core business lines of commercial workplaces, retail and restaurant interiors, boutique hotels and medical offices. The firm’s high-profile projects include Facebook’s Miami office, Porsche’s Latin American Headquarters, the Prada store in the Design District, and Pipeline Workspaces co-working locations across Florida.

“Eighteen Sunset combines two of ORIGIN Construction’s core capabilities on a larger scale with office and retail,” said John Wood, ORIGIN Construction co-founder. “This is a special opportunity for ORIGIN to further solidify its presence in the market and deliver a unique mixed-use space for best-in-class office and retail tenants.”

Eighteen Sunset’s third and fourth floors will be comprised of approximately 40,000 square feet of Class A-plus office space featuring thirteen-foot ceilings, expansive exterior deck spaces, an architectural overhang, and floor-to-ceiling windows, with Sunset Harbour’s stylish mix of shops and eateries just steps away. Office tenants will also have secure parking on the building’s second floor.

The crown jewel of Eighteen Sunset is a penthouse residence featuring more than 15,000 square feet of interior space as well as a breathtaking rooftop pool deck. All told, the residence comprises approximately 30,000 square feet of private indoor and outdoor space, including a pool and hot tub, outdoor dining room, expansive gardens, seating and recreational areas affording the owner and their guests panoramic vistas of Biscayne Bay, Downtown Miami, and evening sunsets to the west.

Eighteen Sunset’s ground floor totals approximately 17,000 square feet of high-visibility, rentable commercial space, split into four areas ranging in size offering retail and restaurant concepts a selection of spaces to choose from. A central breezeway and cantilevered sidewalk cover will feature expansive outdoor covered sidewalk and breezeway spaces designed to encourage community wellness.

The Eighteen Sunset residential penthouse is listed with Oren Alexander of Douglas Elliman, the retail leasing is being overseen by Sara Wolfe of Koniver Stern and the office leasing is being overseen by Stephen Rutchik of Colliers International.