Penthouse At The Herzog & de Meuron-Designed Jade Signature Sells For $15 Million In Sunny Isles Beach
A penthouse at the iconic Herzog & de Meuron-designed Jade Signature in Sunny Isles Beach has sold for $15 million. The Carroll Group represented both sides of the transaction for PH5503 with Chad Carroll and Matthew Dugow on the seller's side and Sheerelle Toledano on the buyer's side. Per public record, the buyer is EIN OD MELVADO TRUSTEE SI 55 LLC, while the seller is GABIUS MIAMI PROPERTIES LLC.
A penthouse at the iconic Herzog & de Meuron-designed Jade Signature in Sunny Isles Beach has sold for $15 million. The Carroll Group represented both sides of the transaction for PH5503 with Chad Carroll and Matthew Dugow on the seller's side and Sheerelle Toledano on the buyer's side. Per public record, the buyer is EIN OD MELVADO TRUSTEE SI 55 LLC, while the seller is GABIUS MIAMI PROPERTIES LLC.
PH5503 is located atop the 55th floor spanning 9,183 SF of flow-through interior space, offering unobstructed 360-degree direct ocean, Intracoastal and city views. The residence offers 6 bedrooms, 7.5 bathrooms, and a 5,242 SF signature wraparound balcony. The penthouse also features multiple appointed sitting and family areas, master office, study, library, playroom, breakfast + bar area, private gym, private pool & service quarters, making for a truly and distinctly personal refuge in the sky.
This is The Carroll Group's second recent significant sale in the building. In March, Chad Carroll sold a penthouse for a record breaking $23.5 million to billionaire entrepreneur Adam Weitsman.
The Ritz-Carlton Residences, Pompano Beach To Break Ground This Fall After Passing 75% Sold
The developers of The Ritz-Carlton Residences, Pompano Beach, Fortune International Group and Oak Capital, have announced the dual-tower property set to revolutionize legendary living in Pompano Beach has reached over 75% sold and plans to break ground Fall 2022. The Ritz-Carlton Residences, Pompano Beach will set a new standard for full-service, resort-style living in the tri-county area.
The developers of The Ritz-Carlton Residences, Pompano Beach, Fortune International Group and Oak Capital, have announced the dual-tower property set to revolutionize legendary living in Pompano Beach has reached over 75% sold and plans to break ground Fall 2022. The Ritz-Carlton Residences, Pompano Beach will set a new standard for full-service, resort-style living in the tri-county area.
Since launching sales in December, the reservation process has had an overwhelming response from buyers. Buyers at The Residences, Pompano Beach hail primarily from South Florida, the East Coast including New York, Chicago and Boston, and Canada. The outstanding sales and marketing success has been led by Harvey Daniels as Director of Sales alongside his on-site sales team.
“We could not have reached this incredible sales milestone without the help of our dedicated sales and marketing teams and our development division who have worked tirelessly to conceptualize a project that will transform luxury living in South Florida,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The Ritz-Carlton Residences, Pompano Beach will offer a transformative lifestyle and incomparable experiences as Pompano Beach continues to flourish. We are thrilled to be part of The Ritz-Carlton's legacy which will forever transform the city.”
The 32-story Beach Tower offers a prime location on the sands of Pompano Beach and the 14-story Marina Tower provides an equally stunning location just across the street. Each tower highlights fully-finished residences with spacious floorplans boasting ocean and intracoastal views, Italian-designed kitchens with top-of-the-line appliances, laundry rooms with full-size washer and dryer, walk-in closets in all primary bedrooms, and service quarters in select residences. Penthouses feature lush garden terraces, a luxurious private pool, a summer kitchen and stunning 360-degree views of the Atlantic Ocean. Remaining inventory within each tower showcases incredible floor plan options as each residence on-property has been thoughtfully designed with resident experience in mind.
“The Ritz-Carlton Residences, Pompano Beach are one of the most highly amenitized properties in South Florida with over 35,000 square feet of expansive indoor and outdoor amenity space across both towers which will provide for a truly unmatched experience for residents,” said Harvey Daniels, Director of Sales. “As South Florida’s best kept secret, there is an increasingly high demand for new, luxury residences in the heart of Pompano Beach. We have experienced tremendous sales success since the property’s inception which is a major testament to the demand for high-quality, luxury living in South Florida.”
Meticulously designed by Revuelta Architecture International with interiors and landscape architecture by world-renowned Piero Lissoni, The Ritz-Carlton Residences, Pompano Beach will offer an expansive array of over 35,000 square feet of curated amenity space. Amenities include a Yacht Club with a private resident marina, an oceanfront Beach Club, sports courts, tropical pool decks, indoor-outdoor social areas, on-premise dining, and much more to further enhance the overall living experience. The property will also include Guest Suites available exclusively for friends and family of residents with access to services and amenities. Homeowners at The Ritz-Carlton Residences, Pompano Beach will receive unwavering commitment to service and Ritz-Carlton benefits without the transient use.
Renderings via DBOX and Berga & Gonzalez
For more information about The Ritz-Carlton Residences, Pompano Beach, private showings or purchasing/ leasing information please fill out the form below:
Ken Griffin Revealed As Buyer Behind The Record Breaking $106 Million Deal For Adrienne Arsht's Bayfront Estate
When a residential sale crossed the $100 million threshold for the first time in Miami-Dade County history in August as The Arsht Estate sold for $106,875,000, many wondered who the mystery buyer was. It has been revealed that multi-billionaire hedge fund magnate Ken Griffin, who founded and recently moved Citadel Securities from Chicago to Miami.
When a residential sale crossed the $100 million threshold for the first time in Miami-Dade County history in August as The Arsht Estate sold for $106,875,000, many wondered who the mystery buyer was. It has been revealed that multi-billionaire hedge fund magnate Ken Griffin, who founded and recently moved Citadel Securities from Chicago to Miami, was the buyer in the mega-transaction for the four-acre waterfront compound which was formerly owned by Adrienne Arsht. Ashley Cusack with Berkshire Hathaway HomeServices EWM Realty represented Arsht and Jill Hertzberg of The Jills Zeder Group with Coldwell Banker represented the undisclosed buyer later revealed to be Griffin.
Neighbored by the historic Vizcaya Museum, The Arsht Estate encompasses more than 25,000 square feet of exquisitely detailed structures. Overlooking Biscayne Bay from atop one of Miami’s highest bayfront elevations, it features more than 400 feet of water frontage, as well as panoramic views of Key Biscayne and downtown Miami. Throughout the years, the property -- often referred to as South Florida’s “embassy” -- has been the backdrop for numerous important events and gatherings involving international luminaries, including U.S. presidents, ambassadors, and world leaders. The Arsht Estate features two connected estates, a primary residence, known as Indian Spring, which was built by Arsht in 1999 and designed by Jose A. Gelabert-Navia; as well as Villa Serena, which was built in 1913 by former U.S. Secretary of State and three-time U.S. presidential candidate William Jennings Bryan and is listed on the National Register of Historic Places.
After announcing earlier this year that both Citadel and Citadel securities will move to Miami from Chicago, Griffin has been on a buying and expansion spree. Citadel signed a lease for 95,000 SF at OKO Group’s 830 Brickell office tower. At roughly the same time, through an entity Griffin acquired the adjacent 1250 Brickell Bay Drive and 1260 Brickell Bay Drive for $20 million, the lots total roughly 6,655 SF. The lots are adjacent to 1221 Brickell Avenue, which an entity tied to Citadel reportedly acquired in June 2022 for $286.5 million.
The assemblage of properties spanning from 1221 Brickell Avenue to 1250-1260 Brickell Bay Drive is across the street from 1201 Brickell Bay Drive, which Citadel was revealed as the buyer of after Tibor Hollo’s Florida East Coast Realty sold the 2.5 acre supertall development lot in a $363 million mega-deal also in April 2022. The price equated to $145 million per acre, $3,340 PSF dirt value. Citadel is planning to develop the property with the Chicago-based developer Sterling Bay.
Ken Griffin’s net-worth is estimated to be about $31 billion and he has been one of the largest luxury property buyers in the world over the past several years. Also in Miami, Griffin has spent years and $170 million acquiring a Star Island assemblage. He made a splash when he acquired 8 Star Island Drive, a teardown built in 1993 on 1.8-acres, for $75 million. The sale set record for single-family home sales in Miami-Dade County at the time, a record Griffin is no stranger breaking. Griffin has also acquired the adjacent 10 Star Island for $25 million and 11 and 12 Star Island Drive in an off-market deal for roughly $37 million and 13 Star Island for $32.5 million. The acquisitions total $170 million.
In 2015 Griffin purchased two penthouses in Faena House on Miami Beach for a record at the time $60 million, he later sold them off for a combined $46 million. In 2019 Griffin purchased a $240 million unit at 220 Central Park South in Manhattan, NYC, in a deal that broke the record for the most expensive residential transaction ever recorded in the U.S. In Palm Beach Griffin has assembled $350 million of land at Blossom Way and South Ocean Blvd. where he began buying in 2012.
Two Roads Development Reveals Plans For EDITION Residences, Miami Edgewater
South Florida-based Two Roads Development has announced plans for EDITION Residences, Miami Edgewater, the brand’s first independent collection of fully serviced luxury condominium residences. Located at 2121 North Bayshore Drive in the heart of Edgewater, one of Miami’s premier neighborhoods for luxury high-rise living, the 55-story waterfront tower will offer more than 800 linear feet of bay frontage.
South Florida-based Two Roads Development has announced plans for EDITION Residences, Miami Edgewater, the brand’s first independent collection of fully serviced luxury condominium residences. Located at 2121 North Bayshore Drive in the heart of Edgewater, one of Miami’s premier neighborhoods for luxury high-rise living, the 55-story waterfront tower will offer more than 800 linear feet of bay frontage and uphold the quality of design, services, and amenities, signature to the EDITION brand. Soaring 649 feet high, The Residences will feature 185 bespoke homes showcased in a sleek glass tower designed by visionary architect Bernardo Fort-Brescia, founder of Arquitectonica, with acclaimed interiors by Studio Munge led by Alessandro Munge. Construction is slated to begin in Summer 2023, with an estimated delivery timeframe of 36 months.
Over the last decade, Two Roads Development has helped transform Miami’s Edgewater district into one of the city’s most sought-after residential neighborhoods. EDITION Residences, Miami Edgewater are poised to become the firm’s third development in Edgewater, following the successful sellout and delivery of two previously completed luxury condominium towers in the highly-desired waterfront enclave. Sales and marketing for EDITION Residences, Miami Edgewater is being exclusively represented by Douglas Elliman Development Marketing.
The tower’s impeccably finished residences will range from one-bedroom-plus-den to four-bedroom floorplans measuring between 1,952 and 3,864 square feet in size, priced from $1.7 million. Marking the pinnacle of luxury, the tower will also feature three expansive tri-level penthouses, each with private rooftop pools and gardens.
“We’re excited to partner with one of the world’s most renowned luxury and lifestyle brands to bring its first ground-up residences to life in Miami’s urban core,” said developer Taylor Collins, Managing Partner of Two Roads Development. “EDITION Residences, Miami Edgewater will set itself apart from anything else in the Miami market because of its product distinction, degree of sophistication, unique layouts and design, and unprecedented level of service, finishes, and pristine attention to detail.”
A heightened level of personalization, privacy, and comfort will offer residents a one-of-a-kind experience to leverage the expertise of EDITION to customize defining elements of their homes. Every residence will showcase a private foyer and elevator entry, superior finishes and fixtures, floor-to-ceiling glass windows and doors, between 10- and 14-foot-high ceilings, and custom European-style cabinetry. Designed for indoor-outdoor living, spacious terraces will boast unobstructed views of Biscayne Bay, the Atlantic Ocean, Downtown Miami and the Miami Beach skyline.
A globally recognized design team, Studio Munge, curated a place-making aesthetic that draws inspiration from the brand’s sleek and modern aesthetic. The tower’s interiors will exude warmth and tranquility, marrying timeless sophistication with contemporary design for an effortless living experience with unrivaled service. Bernardo Fort-Brescia’s architectural design for the tower responds to its waterfront location, revealing a crystalline moon-like glass prism that alludes to Biscayne Bay’s romantic moonlight, while floorplans reference the prows of sleek sailboats racing off Miami’s coastline. The property will also feature an array of secret gardens with lush greenery designed by global landscape architecture firm EDSA to capture the soft bay breeze and tranquility of a tropical oasis.
Deeply rooted in hospitality, the residential development will introduce over 45,000 square feet of expertly-thought-out amenity spaces managed and operated by EDITION. Aimed to incite wellness and relaxation, The Residences will feature two resort style pools equipped with private cabanas as well as a state-of-the-art fitness facility with private training studios, areas for yoga and spinning, and a rich spa program.
Residents can live, work, play and entertain guests comfortably at the tower’s club lounge, library, private screening room, dog spa and park, children’s play area, and kids club. For a heightened level of convenience while hosting guests, the property will also boast six Guest Suites which can be reserved by residents.
Additional perks give jetsetter residents access to exclusive privileges across the world’s most iconic destinations, including VIP status and preferred rates at hotels within Marriott International’s luxury portfolio of brands.
Situated along the bayfront just north of Downtown Miami, nestled between the Venetian and Julia Tuttle Causeways – the two main arteries connecting the City of Miami and Miami Beach – Edgewater has fast-emerged as the new epicenter of Miami. The EDITION Residences, Miami Edgewater is minutes away from six coveted Michelin star restaurants, luxury retailers, live entertainment venues and world-class arts, adjacent to bustling enclaves like Downtown’s Arts & Entertainment District, Miami Design District, Wynwood Arts District, Midtown Miami, and Miami Beach. As part of a city-wide initiative aimed to connect Miami’s waterfront neighborhoods, residents will also have direct access to the Miami Baywalk, a 5-mile-long pedestrian and bicycle-friendly promenade with public art, connecting Biscayne Bay, Edgewater, Brickell Key and Brickell Bay Drive in Downtown’s Financial District.
"From New York and Boston to LA and Florida, we have seen strong demand among discerning buyers for the truly bespoke luxury they can find at branded residences like EDITION,” said Jay Phillip Parker, CEO of Douglas Elliman, Florida and President of Douglas Elliman Development Marketing, Florida, which is leading sales and marketing for the project. “It has been our privilege to partner with Two Roads Development and the EDITION brand to ensure this level of luxury and service will be front and center in this vital neighborhood development project.”
The EDITION Residences, Miami Edgewater Sales Gallery is expected to open in late 2022 at 2060 North Bayshore Drive, Ste. B-101.
The EDITION Residences, Miami Edgewater are not owned, developed or sold by Marriott International, Inc. or its affiliates (“Marriott”). Two Roads Development uses the EDITION marks under a license from Marriott.
The St. Regis Residences, Miami 'Wow' With Curated Lifestyle Amenities
Private marinas, 24/7 concierges, unmatched waterfront views, and in-unit elevators – these are just some of the lifestyle offerings today’s evermore demanding buyers expect when shopping for a luxury condominium in South Florida. To stand out amongst increasingly over-the-top high-rises, developers of branded residential projects across booming Miami are going on the offensive, offering curated amenities that exceed even the loftiest expectations.
Private marinas, 24/7 concierges, unmatched waterfront views, and in-unit elevators – these are just some of the lifestyle offerings today’s evermore demanding buyers expect when shopping for a luxury condominium in South Florida. To stand out amongst increasingly over-the-top high-rises, developers of branded residential projects across booming Miami are going on the offensive, offering curated amenities that exceed even the loftiest expectations.
“It’s all about surprising buyers – offering something they never knew they couldn’t live without,” says Jon Paul Perez, President of development powerhouse Related Group. “We’re always pushing the bar higher and working to outdo ourselves. Take golf simulators and VR amenities, for example. Not too long ago, these were an extra luxury reserved only for our most high-end projects. Now, these types of options are simply expected.”
Branded residential concepts, like Related’s and Integra Investment’s St. Regis Residences, Miami, are setting the pace for a new wave of condominiums vying for the spotlight in sunny South Florida. By partnering with beloved brands, Miami developers can curate their projects to match the passions of buyers and deliver entire turnkey lifestyles with exceptional, five-star service. Simply using a brand name isn’t quite enough, however.
“We invested considerable time and resources into ensuring our amenities, signature butler services, and rituals live up to the rich history of the St. Regis name,” says Nelson Stabile, principal and co-founder of Integra and co-developer of The St. Regis Residences, Miami. “Many of our buyers are loyal to the St. Regis brand and want to immerse themselves in the iconic brand full-time. As such, every lifestyle feature and service offering in The Residences is hand-curated to exude that unique St. Regis spirit.”
Located in the heart of the Brickell neighborhood and situated on an exclusive waterfront site, while offering glimmering views of Biscayne Bay, The Residences come brimming with lifestyle touches, including over 60,000-square-feet of hand-selected amenities. Among the many standouts is the elevated waterfront pool deck, designed to evoke the prestigious roots of the St. Regis brand. The expansive terrace features a saltwater swimming pool and poolside cabanas overlooking turquoise waters, as well as a poolside café and bar, a whirlpool, and luscious gardens with ample seating for residents to admire the greenery – all complemented by breathtaking bay views and serene sounds of the water.
The property’s state-of-the-art fitness center includes the latest in cardio, strength training, yoga and meditation equipment curated by The Wright Fit. The on-site spa continues the dreamy experience, and showcases the resort-inspired lifestyle, with comprehensive facilities – including an indoor lap pool, cold plunge pool, salt spa room, dual saunas, and state-of-the-art treatment rooms.
Additional highlights include a St. Regis signature tearoom, where residents can enjoy the brand’s historic afternoon tea service, a fine-dining restaurant helmed by James Beard Award-winning Chef Fabio Trabocchi, a private marina, programmable golf simulator, and a 31st-floor sky lounge with 360-degree views of the Magic City.
Owners will also enjoy a world-class portfolio of services, including a 24-hour St. Regis-trained butler dedicated to fulfilling owners’ personal requests. Whether arranging personal appointments, coordinating travel and transit, or hosting an event in one of the signature St. Regis spaces, like the tearoom or cognac room, the aim is to keep residents at ease.
And while developers of The Residences place a heavy emphasis on amenities, the 342 residences were no afterthoughts. The units come in varied floor plans, including penthouses and sky villas, and range from one to seven bedrooms. The open-concept layouts come standard with custom European marble flooring, Wolf appliances, custom Italian cabinetry, Dornbracht fixtures, and full-height wine refrigerators. Units start at $1.5 million.
For more information about the property, please visit: St. Regis Residences Miami | New Luxury Condos for Sale South Brickell (miamisrr.com)
This article was produced in partnership with Related Group
The St. Regis Residences, Miami are not owned, developed or sold by Marriott International, Inc. or its affiliates (“Marriott”). 1809 Brickell Venture, LLC uses the St. Regis marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made about the project.
Adrienne Arsht's Bayfront Estate Sells For Record $106 Million Becoming First Residential Property To Break $100 Million Threshold
For the first time in Miami-Dade County history, a residential property sale has crossed the $100 million threshold. The Arsht Estate, a four-acre waterfront compound owned by Adrienne Arsht, one of the most revered business leaders and philanthropists in the United States, sold today for $106,875,000.
For the first time in Miami-Dade County history, a residential property sale has crossed the $100 million threshold. The Arsht Estate, a four-acre waterfront compound owned by Adrienne Arsht, one of the most revered business leaders and philanthropists in the United States, sold today for $106,875,000.
Top-producing Senior Vice President Ashley Cusack with Berkshire Hathaway HomeServices EWM Realty represented Arsht. Jill Hertzberg of The Jills Zeder Group with Coldwell Banker represented the buyer, who is undisclosed.
“As the steward of this beautiful property, I am proud to leave its legacy to the next generations of caretakers,” said Arsht. “May they also enjoy the breathtaking view!”
“It has been an honor to represent this landmark estate, which is truly one of the most magnificent in the U.S. -- fully steeped in Miami’s history,” said Cusack. “Pairing that prominence with Ms. Arsht’s commitment to community has been all the more impactful.”
Neighbored by the historic Vizcaya Museum, The Arsht Estate encompasses more than 25,000 square feet of exquisitely detailed structures. Overlooking Biscayne Bay from atop one of Miami’s highest bayfront elevations, it features more than 400 feet of water frontage, as well as panoramic views of Key Biscayne and downtown Miami. Throughout the years, the property -- often referred to as South Florida’s “embassy” -- has been the backdrop for numerous important events and gatherings involving international luminaries, including U.S. presidents, ambassadors, and world leaders.
The Arsht Estate’s primary residence, known as Indian Spring, was built by Arsht in 1999 and designed by Jose A. Gelabert-Navia, the former Dean of the University of Miami School of Architecture. All living areas in the home offer views of the grounds and Biscayne Bay. Built to accommodate grand-scale entertaining, additional highlights include a Great Room, expansive courtyard entryway, formal dining room with seating for more than 20 guests, a primary bedroom suite with a full gym, and a grand foyer with a sweeping staircase. Indian Spring also has a six-car garage with an upstairs apartment and private office, bayfront swimming pool, and a lighted tennis court.
The second residence, Villa Serena, was built in 1913 by former U.S. Secretary of State and three-time U.S. presidential candidate William Jennings Bryan and is listed on the National Register of Historic Places. Designed by architect August Geiger, the home also has unobstructed Biscayne Bay views and was carefully restored by Arsht to reflect its original glory. Its unique design includes two ornate staircases, which access private upstairs sleeping quarters, as well as a detached guest house situated above a three-car garage.
Arsht, a native Delawarean, divides her time among Washington, DC, Miami, and New York. In Miami, she was Chairman of the Board of TotalBank. Arsht’s vast philanthropy includes the Adrienne Arsht Center for the Performing Arts in Miami; The Atlantic Council's Adrienne Arsht Latin America Center and Adrienne Arsht-Rockefeller Foundation Resilience Center, each located in Washington, DC; the Adrienne Arsht Stage at Alice Tully Hall in New York's Lincoln Center; and funding for the first all-paid internships at the Metropolitan Museum of Art in New York.
“This will be a very important day for future Miami historians,” said Ron Shuffield, President & CEO of Berkshire Hathaway HomeServices EWM Realty. “The first residential property in Miami to surpass the $100 million sale mark will forever hold a prominent place in Miami’s history. Today’s record sale is a testament to the ever-increasing global interest in our hometown.”
Indian Spring
Villa Serena
Photos via 1 Oak Studio
'Metaverse Chateau' Hits Market In Metaverse As NFT And As Real Home Under Construction In Miami Shores
The founder of Alpha City, a social business lifestyle metaverse, has revealed “Reflection Manor,” a real world new construction home being built in Miami with a digital twin in the Metaverse. This is the second “MetaReal” spec home under development in Miami, the other is the recently launched Meta Residence which was the world’s first-ever revealed "MetaReal" home.
The founder of Alpha City, a social business lifestyle metaverse, has revealed “Reflection Manor,” a real world new construction home being built in Miami with a digital twin in the Metaverse. This is the second “MetaReal” spec home under development in Miami, the other is the recently launched Meta Residence which was the world’s first-ever revealed "MetaReal" home. The purchaser of one of these “MetaReal” homes would acquire both the real world home and its virtual replica in the Metaverse as an NFT.
“Reflection Manor” is a French chateau style home with architectural design by Sakora Design and is currently being constructed in Miami Shores. The residence will comprise 6,000.sq.ft. with six bedrooms and six and half bathrooms on a 12,975-sq.ft. lot. The virtual counterpart will live in the Metaverse of Alpha City. Features of the state include a grand double height foyer, Gaggenau appliances, wine room, sumptuous game room, private primary suite, boutique worthy closets, and a wellness wing with gym opening to a covered terrace and manicured backyard.
The seller is Jorge Guinovart, a real estate developer, entrepreneur, and cryptocurrency expert who created Alpha City. Dubbed the Social Business Lifestyle Metaverse, Alpha City was conceived to create a Metaverse with an economy, with VR visual experiences and broad reaching social and lifestyle opportunities to up the value of virtual properties.
“Reflection Manor” is located at 1275 NE 93rd Street in Miami Shores and is currently listed for $7.77 million by Juliet Silver with ONE Sotheby’s International Realty.
Renderings of the home and Alpha City via Reflection Manor/ONE Sotheby’s International Realty and Sakora Design.
Beachfront Estate With Ocean Views In The Exclusive Golden Beach Leases For $50,000 /Mo.
The luxury real estate market across Miami continues to stay hot and one of the county’s few true beachfront homes in the exclusive Golden Beach community has leased for $50,000 per month to a crypto and NFT investor. Located at 125 Ocean Blvd., the home offers one-of-a-kind ocean views and private beach access. 125 Ocean Blvd is a 5 bedroom home spanning 5,373 SF with 75’ of oceanfront.
The luxury real estate market across Miami continues to stay hot and one of the county’s few true beachfront homes in the exclusive Golden Beach community has leased for $50,000 per month to a crypto and NFT investor. Located at 125 Ocean Blvd., the home offers one-of-a-kind ocean views and private beach access. 125 Ocean Blvd is a 5 bedroom, 6.5 bathroom home spanning 5,373 SF on a 21,300 SF lot with 75’ of oceanfront. The home was listed with Christian Rodriguez with Homeside Realty Corp and the lessee was represented by Frederika ‘Kiki’ Rutten with ONE Sotheby’s International Realty.
The luxury rental market has been extremely hot over the past few months. Recently a home on Hibiscus Island rented for $125,000 per month, a home on Key Biscayne’s Mashta Island leased for $100,000 per month and a home on Indian Creek leased for $120,000 per month. The condo rental market is hot as well where a unit a PARAMOUNT Miami Worldcenter recently leased for $36,000 per month.
AKAI Estates Sells Record Breaking Home For $15 Million In Southwest Ranches
The luxury housing market in South Florida continues to surge as a top executive migrating from Chicago has purchased a home in AKAI Estates in Southwest Ranches for a record $15 million. The home is set to break ground in late October and was conceptually designed by internationally acclaimed Vasco Vieira, in partnership with local architect of record Jiro Yates.
The luxury housing market in South Florida continues to surge as a top executive migrating from Chicago has purchased a home in AKAI Estates in Southwest Ranches for a record $15 million. The home is set to break ground in late October and was conceptually designed by internationally acclaimed Vasco Vieira, in partnership with local architect of record Jiro Yates. Previously, the highest sold property in Southwest Ranches was for $11.5 million at 15990 Griffin Road.
With the nation experiencing a major housing shortage, South Florida remains the hottest market in real estate, in part due to the opportunity it presents to obtain a premium property with land, such as the one at AKAI Estates. This sale solidifies the type of quality estate buyers are looking for in this current market which is why South Florida will continue to see these sales throughout neighborhoods like Southwest Ranches, which continue to attract noteworthy individuals migrating to South Florida for the better climate, tax incentives, and more.
“We are thrilled to continue to see the out-of-state, and local, buyer interest in AKAI Estates,” said Alex Yokana, Developer of AKAI Estates. “South Florida and specifically Southwest Ranches have been top of mind for many high net worth individuals and families when considering where to base themselves and this property sets itself apart from the limited inventory available.”
The model selected by the buyer will feature six bedrooms and eight and a half bathrooms within three floors of open space. The 15,983 square foot estate beautifully merges indoor and outdoor living spaces. For entertainment, the pre-construction estate will include a 4,491 square foot swimming pool with a customized two bedroom guest house, a spa and full size basketball court. The estate’s upscale kitchen boasts appliances by Miele.
AKAI Estates will feature 16 estates and is being developed by Alex Yokana, Jairo Vela, and Amos and Michael Sochaczevski. Bento Queiroz Team under Compass is the exclusive sales team for the development. The Alex and Joe Team from compass represented the buyer.
“When looking for a new estate, AKAI Estates was the perfect location that provided my family and I with the seclusion and level of luxury we were looking for," said the AKAI Estates buyer. "We initially thought Miami Beach would be our choice, but Southwest Ranches and AKAI Estates delivered on everything we were seeking, including allowing me to work directly with design consultants and world-renowned architects to bring my architecturally impactful property to life."
Southwest Ranches is popular with celebrities, athletes and business executives because it offers convenient access to Miami and Fort Lauderdale with plenty of privacy and rarity which is exactly what AKAI Estates, the luxury single-family community in Southwest Ranches, is offering. As part of a prestigious suburban landscape, the 44-acre community offers five distinct spectacular models, each delivered on two acres of private property which makes AKAI Estates even more unique.
Kolter Urban Reveals Selene Oceanfront Residences Penthouse Collection In Fort Lauderdale Beach
Kolter Urban has revealed the Selene Oceanfront Residences Penthouse Collection, a limited collection of penthouse residences at the luxury condominium development located at 151 N. Seabreeze Blvd in Fort Lauderdale, directly across from the award-winning Las Olas Beach. The exclusive collection of eight penthouses is set on the top floors of the 26-story, two-tower property which will rise as the tallest building on Fort Lauderdale Beach.
Kolter Urban has revealed the Selene Oceanfront Residences Penthouse Collection, a limited collection of penthouse residences at the luxury condominium development located at 151 N. Seabreeze Blvd in Fort Lauderdale, directly across from the award-winning Las Olas Beach. The exclusive collection of eight penthouses is set on the top floors of the 26-story, two-tower property which will rise as the tallest building on Fort Lauderdale Beach. Douglas Elliman Real Estate leads the sales efforts for Selene Oceanfront Residences with penthouse residences priced from $10.8 million.
“The penthouse collection at Selene Oceanfront Residences is a unique offering on Fort Lauderdale Beach. With expansive interior and outdoor spaces alongside with sweeping oceanfront views, the property’s design elements have been thoughtfully curated to reflect the tropical-modern style Fort Lauderdale Beach is known for,” said Bob Vail, President of Kolter Urban. “We have seen a tremendous uptick in market demand and Selene’s Penthouse Collection is the ideal culmination of what the market is demanding in luxurious living.”
Designed by the award-winning Kobi Karp Architects with interiors by ID & Design International, Selene Oceanfront Residences’ penthouse collection offers four unique floor plans with two residences per floor, designed to the highest standards of quality and craftsmanship. The modern, flow-through penthouse floorplans range from 5,892 square feet to 6,630 square feet of interior and exterior living space. The South Tower floor plan offers four bedrooms, five and a half bathrooms, a family room and a media room, while The East Tower floor plan features three bedrooms, four and a half bathrooms, and a spacious living room.
Selene will offer over 5,300 square feet of restaurant space at the base of the building, providing an unrivaled oceanfront dining experience. Selene blends contemporary architecture together with a host of indoor and outdoor resort-style amenities, including two elevated pool terraces with a resort-style pool, a lap fitness pool and a spa, contemporary poolside cabanas and day beds, open gathering spaces and intimate conversation areas, an outdoor kitchen, multiple fire pit lounge areas and a pavilion-shaded pool bar.
Kolter brings over 25 years of successful development experience to each new residential property, including regional achievements such as 100 Las Olas in Downtown Fort Lauderdale, The Ritz-Carlton Residences in Sarasota, and Hyde Park House in Tampa, among many other notable properties. The company not only delivers high-quality design and construction, but developments that provide a unique and amenity-rich lifestyle that anticipates the needs of residents and shapes how people will live in the future.
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Terra has secured $183.75 million from Monroe Capital to refinance the 96,000-square-foot Offices at THE WELL Bay Harbor Islands, which is more than 90% leased.