Monaco Yacht Club & Residences Receives TCO, Begin Closings In Miami Beach

Monaco Yacht Club & Residences, the widely-anticipated, new boutique Bayfront residences and private marina in Miami Beach, has received its temporary certificate of occupancy (TCO), signaling the start of closings. The project was developed by Optimum Asset Management USA. Monaco Yacht Club & Residences offers just thirty-nine luxurious waterfront residences delivered fully finished with curated interiors by two of the most esteemed names in design, Piero Lissoni and Arquitectonica.

In addition to announcing this milestone, Optimum Asset Management USA has disclosed that only two residences remain – including a two-bedroom, two-and-a-half bathroom, plus den, villa with direct marina access and boat slip -- as the tower rapidly approaches a complete sell-out.

“Seeing Monaco Yacht Club & Residences come to fruition and receive TCO is an especially proud moment,” said Matthew Barry, Managing Director of Optimum Asset Management USA. “The global response to the tower has been nothing short of compelling and a testament to its international appeal. We are thrilled to be showcasing this building to the world and celebrating the continued excitement surrounding its unveiling.”

Monaco Yacht Club & Residences feature one to four-bedroom residences, ranging in size from 918 to nearly 5,000 square feet, and two one-of-a-kind penthouses with spacious living areas, private terraces and summer kitchens. Primed for indoor/outdoor living and entertaining, the meticulously designed homes feature expansive wraparound terraces – each with sweeping views of Biscayne Bay, the Atlantic Ocean and the Miami skyline – as well as contemporary Italian kitchens by Boffi.

Additional highlights within the residences include stone countertops, 10 to 11-foot-high ceilings throughout, large walk-in closets, private elevator entrances, and premium bathroom interiors featuring imported Italian marble flooring, large tubs and frameless, glass-enclosed rainfall showers with designer faucets.

“The DNA of the Côte d’Azur is reflected in every single design element of Monaco Yacht Club & Residences, giving residents the unique opportunity to live the one-of-a-kind South of France lifestyle,” said Edgardo Defortuna, president and CEO of Fortune International Group, the exclusive brokerage of the project. “We have a lot of excited residents that we cannot wait to welcome and celebrate the very best Miami Beach has to offer.”

Each of the modern unit interiors were meticulously curated with precise attention to detail, inclusive of the refined Italian-made fixtures and finishes, while a design palette of warm whites and rich woods was used for the lobby and the premier “Resident’s Lounge,” which features a library and breakfast bar for leisurely waterfront dining.

“It has been an honor to be part of the construction of this amazing architectural gem,” said Brett Atkinson, President of South Florida for Moss Construction, the tower’s general contractor. “It was a pleasure to work with Optimum Asset Management USA; we could not have reached TCO without our experienced subcontractors and suppliers.”

The nautically-themed, 12-story boutique building features a variety of resort-style amenities, including a rooftop terrace featuring panoramic views of the Miami skyline and a pool with poolside chaise lounge chairs, Jacuzzi and shaded lounge areas with a grill for entertaining. Offering the best of a yachtsman’s lifestyle, a 12-slip marina is exclusively available to residents of Monaco Yacht Club & Residences, as well as a yachting concierge and other waterfront amenities such as paddle boarding and kayaking.

Units at Monaco Yacht Club & Residences are priced from $1.1 million with exclusive sales and marketing overseen by Fortune Development Sales.

Check Out This $59 Million Kobi Karp-Designed Indian Creek Island Billionaire Bunker Built by Todd Michael Glaser Which Can Be Purchased In Crypto

A $59 million waterfront compound on the star-studded Indian Creek is now accepting Bitcoin as a form of payment. The tropical modern playhouse being developed by Todd Michael Glaser and features architecture and interiors by Kobi Karp. The new construction spec mansion spans nearly 16,000-sq.ft. with 12 bedrooms and 13.5 bathrooms on a 53,696-sq.ft. lot (1.25 acres).

The main level will feature 12’ ceilings, a club room, chef and prep kitchens, a media room and a gym studio. The backyard offers tropical modern vibes with lush landscaping, 134’ of water frontage with dockage for a yacht up to 110’ yacht, a large sun deck, and an infinity pool and tanning beds perfectly placed for soaking in the sun.

Indian Creek is home to a rolodex of high profile neighbors including Tom Brady & Gisele Bündchen, Ivanka & Jared Trump, Enrique Iglesias, and more. Known as “Billionaire’s Bunker” - the 300-acre island consists of less than 40 homes and is secured by its own police force and anchored by the Indian Creek Golf Course.

37 Indian Creek Island Road is listed for $59 million by Dina Goldentayer with Douglas Elliman and will be move-in ready within 18 months.

Glaser and his partners acquired the property in the summer of 2021 for $24 million from “Sábado Gigante” host Mario Luis Kreutzberger Blumenfeld, also known as “Don Francisco,” in an off-market deal overseen by Dina Goldentayer. The existing house on the property was built in 1987 and was quickly demolished to make way for the new modern home.

Cryptocurrency closed sales and listings have been becoming more common place in Miami over the past several years. In 2021 a unit in Arte in Surfside sold for $22.5 million in crypto. The sale was followed by several in Downtown Miami including a $7.2 million sale at the nearby One Thousand Museum and Unit 5306 in Marquis Residences sold for $7.2 million in Ethereum. Recently the $34 penthouse at Regalia Residences announced that they would be taking cryptocurrency as a form of payment as well in partnership with RealOpen.

Images and renderings via Todd Michael Glaser, Dina Goldentayer and Kobi Karp

Step Inside This Classic Miami Beach Mediterranean On Pine Tree Drive Asking $6.5 Million

Nestled on a quiet enclave on Pine Tree Drive in-between LaGorce Island and Allison Island sits this classic Miami Beach Mediterranean which just hit the market for $6.5 million. The home mixes old world charm, including exposed beam cathedral ceilings, with modern design. The main residence is a 3 bedroom 3 bathroom home with an additional attached separate studio with a 1 bedroom and 1 bathroom residence. The home has been meticulously updated with hard wood floors throughout as well as an all wood kitchen with professional grade stainless steel appliances. The property is surrounded by a classic stucco wall with wooden gate. Outdoors features backyard with lush landscaping and a pool. 6350 Pine Tree Dr, Miami Beach, FL 33141 is listed with Jordan Karp of Jordan Karp LLC.

Arquitectonica-Designed Boutique Condo 42 Pine Launches Sales On Miami Beach's Pine Tree Drive And 41st Street

Sales have launched for 42 Pine, an exquisite collection of residences redefining luxury living in one of Miami Beach’s most sought-after neighborhoods. The boutique building will offer fifty move-in-ready residences ranging from one-to-three-bedrooms, including eight penthouses, meticulously crafted to deliver a bespoke lifestyle rooted in community and convenience.

“42 Pine is a building that is truly singular, there is nothing else like it in the neighborhood,” said Jay Phillip Parker, Chief Executive Officer of Douglas Elliman Florida. “New development in Miami Beach is scarce, and this project presents a rare opportunity to own a home of this caliber in one of the most in-demand areas – setting a new standard for luxury on 41st Street.”

With architecture and interiors imagined by renowned firm Arquitectonica, the eight-story building will reflect timeless sophistication and serve as a beacon for the neighborhood. Spanning 700 square feet to 2,700 square feet for combined units, each elegantly appointed residence is designed to maximize space and build a connection to the outdoors–with sweeping floor-to-ceiling windows and doors ushering in an abundance of natural light. Private terraces with glass railings provide a seamless indoor/outdoor living experience.

“This building represents an important urban design step for the area, adding quality development along its western frontage,” said Bernardo Fort-Brescia, Principal of Arquitectonica. “We drew our inspiration for the design of 42 Pine from the idea of a hill town. The expression is one of individual villa clusters to create a vertical neighborhood. The concept is reinforced by the use of contrasting materials that highlight the cubic village idea.”

For ease of ownership, the residences are delivered ready to be occupied with refined interior finishes that include french white oak hardwood flooring and marble countertops. Gourmet chefs' kitchens showcase marble countertops, custom Italian cabinetry, top-of-the-line Wolf and Subzero appliances, and are designed to meet kosher standards. Spa-inspired bathrooms offer indulgent features including glass-encased showers, soaking tubs, dual sinks with custom Italian vanities, honed flooring and premium fittings that elegantly create a serene and warm environment.

Resort-style amenities and services include thoughtfully curated indoor and outdoor spaces such as an amenity deck with a 52’ pool, relaxation spa, cabanas and poolside service, plus a yoga and meditation lawn all surrounded by lush tropical landscaping. The property's state-of-the-art fitness center offers advanced cardio and weight-strengthening equipment complemented by an outdoor deck. Community-minded social spaces include a club and game room, large outdoor terrace, media lounge, and children’s play room. A dedicated team including concierge, doorman, valet, and porter service is available to anticipate residents’ every need.

Located in one of the most coveted residential neighborhoods in Miami Beach, at the intersection of Pine Tree Drive and 41st Street, residents can enjoy access to the beach, top-rated schools, fine-dining, houses of worship and boutique shopping experiences all within walking distance.

Construction on 42 Pine is expected to be completed by Q4 2023, with residences priced between $700,000 to $4,000,000. The building is located at 340 W 42nd Street with sales and marketing managed exclusively by Mushka Jacobson with Douglas Elliman.

For more information about 42 Pine, private showings or purchasing/ leasing information please fill out the form below:

DOMO-Designed Sunset Islands Estate Built By Todd Michael Glaser And Staged by Artefacto Trades For $31.5 Million

A contemporary waterfront home on Miami Beach’s prestigious Sunset Islands has sold for $31.5 million. It is the third most expensive home ever sold on all Sunset Islands, behind a recent land sale and 2120 Bay Ave. which traded for $34 million in an off market deal in March. The ultra-modern home is located on the gated Sunset Island 4 at 1635 W 22nd Street. The residence was built by ultra-luxury developer Todd Michael Glaser, designed by DOMO Architecture + Design with interiors by House of One.

Per public record, the seller is Randy Frankel, the co-owner of the Tampa Bay Rays. ONE Sotheby's International Realty represented both sides of the transaction with Reid Heidenry representing the buyer and Marko Gojanovic the seller.

The ultra-modern residence features 7 bedrooms and 8 bathrooms spread over 8,533 SF. The home features a grand living room, soaring 14-ft ceilings as the centerpiece of the home, a chef's kitchen adjacent to a large family room, formal dining situated by an interior courtyard, four bedrooms in the main house and two guest suites with a staff room. Finishes include wood-detailed ceilings, Crestron system, LED lighting, wall-to-wall sliding doors, marble baths and an elevator. The residence also features lushly landscaped outdoors including a resort-style pool deck with a summer kitchen, roof top deck, new seawall and a large dock.

Images via Michael Ruiz with LPG

NBA Star Tim Hardaway Jr. Buys Non-Waterfront North Bay Road Home Built By Todd Michael Glaser For Record $9.15 Million

Todd Michael Glaser has broken the record on North May Road for most expensive non-waterfront single-family home purchased to date. NBA star Tim Hardaway Jr. closed on the newly developed 6015 North Bay Road for $9.15 million. Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty represented the seller in the transaction.

The new contemporary luxury home on exclusive North Bay Road developed by Todd Michael Glaser with ultra-modern design and architecture by DOMO Architecture + Design. Situated on a large 9,371 SF lot, the home features a two car garage and driveway. The 4,684-SF home offers 6 bedrooms, 6 bathrooms and 1 half-bath. The downstairs features an open floor plan with open chef’s kitchen and living areas overlooking the lush pool areas. Upstairs offers an upper family room as well as 4 large bedrooms, including a lavish master suite taking the entire pool side of the house. Outdoors is finished with lush landscaping, 2 pools including a lap pool, covered porches, summer kitchen, and garden for ample space for outdoor living in Miami Beach.

Owner Of The Versace Mansion Acquires 1930's Era Miami Beach Boutique Hotel For $6 Million

The Nakash family, owner of several Art Deco hotels and South Beach’s former Versace Mansion, has acquired a 1930’s era boutique hotel located at 1350 Collins Ave. in Miami Beach. Renowned architect Wallace Tutt, who designed the Versace Mansion a few blocks away, also designed the building’s three villas. The 6,340-square-foot boutique hotel is in the middle of South Beach’s hottest resort district. The transaction was overseen by Lee & Associates South Florida President Matthew Rotolante and Associate Rodrigo Calderon and closed on April 28.

Originally constructed in 1930, the gated hotel can also be operated as a private club or residence. Property amenities include a large, landscaped courtyard with lounge couches, dining tables and a covered pool; a two-car garage and a 24-hour security system. The hotel is steps away from the beach and the many nearby restaurants, nightclubs, shops and parks.

“This property provides the buyer with another beautiful Art Deco hotel to complement its existing neighborhood portfolio. Opportunities to acquire jewels in the heart of South Beach like this do not come around often.” Said Lee & Associates South Florida President Matthew Rotolante.

Limestone Acquires PLANTA Property In Miami Beach's Ritzy South-Of-Fifth For $12 Million

Miami-based Limestone Asset Management has acquired the flagship South-of-Fifth property which is home to PLANTA in Miami Beach for $12 million. The 7,835 SF building was completed in 2018 as the first built-to-suit and the first PLANTA in the state of Florida and sits on a 9,148-square-foot (0.21-acre) lot. The property is located at 850 Commerce Street, Miami Beach, FL, 33139 in the affluent South of Fifth neighborhood.

Kevin Sanz of Orion Real Estate Group represented the buyer, Limestone Planta, LLC. Alex Sharrin of JLL represented the seller, Commerce Street Properties, LLC. First National Bank of South Miami is providing financing. Limestone Asset Management is led by Ibrahim Al-Rashid and invests in and acquires real estate properties over all asset classes throughout North America. Limestone Asset Management is an affiliate of Orion Real Estate Group, its joint venture partner in the deal. Limestone Asset Management uses Orion Real Estate Group's expertise to complete all of its North America-based transactions.

PLANTA, a David Grutman project led by Founder and CEO Steven Salm and Co-founder and Executive Chef David Lee, is Miami’s premier location for innovative plant-based fine dining. Its goal is to expand the acceptability, enjoyment, and celebration of the power of plants. The restaurant’s owners are the lessees and will remain in the building until 2028.

Champions of plant-based living for better health, community, and the planet, the restaurant has locations in New York, Toronto, and Maryland, in addition to Florida, with plans of expansion in Chicago and California. Additionally, PLANTA offers nationwide delivery of its plant-based signature dishes, desserts, condiments, and sauces.

“PLANTA is a unique restaurant concept, and we are excited to purchase their flagship property located in the South of Fifth neighborhood,” said Ibrahim Al-Rashid, chairman of Limestone Asset Management. “Rarely do opportunities present themselves in this neighborhood. A block from Joe’s Stone Crab, one of America's most iconic restaurants, is a place every landlord would love to be.”

World Polo League Beach Polo World Cup, Miami Beach 2022 Gallops Onto South Beach April 29 To May 1

The largest and most well-known beach polo event in the world, the World Polo League Beach Polo World Cup, Miami Beach 2022, produced by Lifestyle Polo, is galloping onto the pristine sands of South Beach at Collins Park on Friday, April 29 – Sunday, May 1.

Drawing a global audience of over 12,000 visitors and spanning 140 meters across the sands of Collins Park, the three-day equestrian extravaganza combines the best of the king of sports competition with ultimate luxury and entertainment. Over 120 horses and 24 of the best international polo players from a dozen nations compete in high-stakes, high-goal polo matches each day.

"We are thrilled to return this April with our annual World Polo League Beach Polo World Cup, Miami Beach. The competition between the teams and individual players will no doubt be as intense as ever," said Tito Gaudenzi, founder and producer of the World Polo League Beach Polo World Cup, Miami Beach. "We are grateful to be back, at max capacity, with an exceptional luxury lifestyle experience for our 2022 guests. We’re offering spectators a sublime Miami Beach weekend of classic, international sportsmanship, decadence, action, fun, and entertainment."

With a stunning setting just feet from the turquoise waters of the Atlantic Ocean, the much-anticipated, action-packed event combines elite athletic prowess with high-stakes panache.

Here’s a look at what visitors can expect at this year’s World Polo League Beach Polo World Cup, Miami Beach:

Check Out the Polo Lounge – Guests can purchase a ticket to experience the polo match under shade at the Polo Lounge. The Lounge overlooks the polo field featuring food and beverage items for sale as well as a full bar, access to game commentary and music. Tickets to the Polo Lounge start at $80 and vary by date of attendance. The Polo Lounge is open Friday – Sunday from 12 p.m. – 6 p.m. Purchase tickets HERE.

VIP Experience – To further the luxury lifestyle experience for guests, the World Polo League Beach Polo World Cup offers VIP packages that include a table for 10 people inside the VIP tent overlooking the polo field. Ranging from $4,000 to $12,000, VIP guests will enjoy unlimited gourmet bites, along Don Julio Tequila and beverages provided by Ketel One Botanical Vodka, Bodvár - House of Rosés, amongst many other options. The VIP tent opens at 1 p.m., on Friday, April 29, and at 12 p.m., on Saturday, April 30 and Sunday, May 1. Purchase tickets HERE. Prices vary by date. 

Food & Beverage –The world-class and celebrity-attended event, offers an array of food and beverage options for guests to indulge in, including tastings by Bodvár- House of Rosés and savory bites by Bodega Taqueria y Tequila.

Retail Village – Guests can also shop for official merchandise and luxury goods in the Retail Village, an outdoor beachfront shopping area adjacent to the VIP tent. Among the stores and fashion brands on display include Bungalow Bazar, Casablanca (official event merchandise), and Ladurée Macarons. The Retail Village opens at 11 a.m., Friday to Sunday.

Après Polo – Following the fourth game each day, guests can make their way to the Après Polo celebration at The Setai for drinks and bites.

The World Polo League Beach Polo World Cup, Miami Beach, goes beyond the exhilarating game and glamourous attendees. The celebration truly fosters community, giving back to those in need. This year, the event is hosting a charity celebrity round robin in partnership with Give Back for Special Equestrians, the Museum Hall of Fame and the Polo Training Foundation.

Team Sponsors include World Polo League, Richard Mille, Ketel One Botanical, The Setai Miami Beach, Land Rover, Casablanca, and Bodvár - House of Rosés. Event sponsors include Richard Mille, The Setai Miami Beach, Casablanca, Land Rover, Blackfin, Delta Airlines, ALTO, Designer Eyes, Compass, Bodvár- House of Rosés, USA Sports Medicine, Yachtlife, Gracida Wines, Bodega Taqueria y Tequila, 1 Hotel South Beach Beach Club, Menin Hospitality, Shelborne South Beach, Soho House, and Haig Club Whisky by David Beckham.

Images via Philip Talleyrand

FTX OFF THE GRID ANNOUNCES UPCOMING MIAMI BEACH RACE WEEKEND FESTIVAL

Leading cryptocurrency exchange, FTX, in conjunction with partners the Mercedes-AMG Petronas F1 Team, luxury Swiss watchmaker IWC Schaffhausen, the official timekeeper for the event, and the City of Miami Beach, will soon debut FTX Off The Grid, an unparalleled three-day series of unique and immersive experiences at the intersection of crypto, culture, and cars, during the most anticipated race weekend on the sporting calendar. Bringing the thrill of racing and the culture of Miami Beach to the masses, this unforgettable weekend-long event will unveil right on the sands of South Beach from May 6 - 8, 2022, hosted by Johanna Gomez, featuring ticketed performances by Disclosure, Kaytranada, Jamie XX, and more.

Home to some of the world’s most notable annual events including Art Basel, SOBE Wine and Food Festival, and Miami Swim Week, South Beach will now be home to the next milestone marquee event with FTX Off The Grid. Bringing motorsport fans, friends, collaborators, and culture seekers across music, sports, fashion, technology, and hospitality together in one space, the event will take place at 10th Street and the beachfront, directly on the sands of South Beach, just beyond the iconic, pastel-hued Art Deco buildings lining Ocean Drive. Complementing the natural vibrancy and beauty of Miami Beach, FTX Off The Grid will transform over 165,000 square feet of oceanfront space into an ‘Electric Beach’ themed entertainment venue, that captures both the style of the city and the innovative nature of the blockchain ecosystem and FTX.

Guests can anticipate three exciting days of multilayered activations, showcasing first-class entertainment, high-profile performances and surprise celebrity appearances; local cuisine and beverages; The IWC Big Pilot Exhibition; NFT art galleries and creation stations; a locally inspired fashion show; Mercedes-AMG car displays; dedicated Star Atlas Video Gaming Lounge that features both the best of gaming’s past and previews of its future, and so much more. There will also be an exclusive VIP hospitality space, coined the FTX Beach Club, which will be used for VIP entertainment and meet and greets.

“Formula 1 coming to Miami will signal the start of a US racing experience unlike any other. With Miami at the forefront of crypto and FTX leading the charge, it was the natural next step for FTX to capitalize on the hype and create something truly unique in Miami Beach. We’re extremely excited to finally unveil all that we’ve put into this multifaceted experiential event to all our guests,” said Sam Bankman-Fried, Chief Executive Officer of FTX.

On Saturday and Sunday, a Mercedes-AMG Petronas F1 car will take to Ocean Drive for a high-energy spectacle that will have Miami Beach revved up for an incredible race weekend experience. Delivering constant energy to the event, local DJs will keep the crowd moving during the day as they explore everything FTX Off The Grid has to offer. As darkness falls on the beach, the stage will transition into a three-night ticketed concert series called ‘Sunset on the Sand’ produced in collaboration with III Points, Club Space and Link Miami Rebels, with special performances from Disclosure, Kaytranada, and Jamie XX.

“We’re excited to be collaborating with FTX Off The Grid over the Miami weekend,” shared Toto Wolff, Team Principal & CEO, Mercedes-AMG Petronas F1. “As the sport continues to develop in the US, it’s fantastic that FTX, with their inherent creativity and spirit of innovation, are seizing this opportunity to elevate the fan experience with their takeover of Miami Beach.”

“Our City and community are beyond excited about this race weekend. FTX Off The Grid promises to be an action-packed and epic festival,” said City of Miami Beach Mayor, Dan Gelber.

Explore the dimensions of FTX Off The Grid:

• Mercedes-AMG Petronas F1 Garage I Integrating the Mercedes-AMG Petronas F1 Team into the heart of the festival, fans will get the chance to get up close and personal with the team’s F1 car.

• FTX NFT Art Galleries & Creation Stations | Connecting fans to the FTX and blockchain ecosystem, guests will have unrivaled access to create, discover, and purchase NFTs all throughout the event. The event also features a collection of unique one-of-one NFTs for purchase by a local artist. Guests can also create their own NFTs, which can be minted and pressed onto swag on-site for an unforgettable takeaway.

• IWC Big Pilot Exhibition | IWC, the official timekeeper of FTX Off The Grid Miami Beach, will participate in the event with the return of their Big Pilot Exhibition, alongside an exclusive IWC lounge where they will entertain guests, partners and friends of the brand.

• Mercedes-Benz and Mercedes-AMG Car Display | Offering a look at the latest lineup of Mercedes vehicles, guests will have a chance to get up close with their favorite vehicle models from Mercedes-AMG, Mercedes-EQ, and Mercedes-Maybach, and learn about the newest performance features from a team of Mercedes experts. Complementing the Miami art scene, a local artist will also be creating a live art installation using a Mercedes vehicle as their canvas.

• Star Atlas Video Game Lounge | A metaverse that is pioneering the next generation of gaming, Star Atlas will offer guests an up-close look at the in-game experience in the Star Atlas video game lounge, which will be featured alongside classic, vintage arcade games.

• Mercedes-AMG Petronas F1 Merch Store | Giving guests access to official team merchandise, the store will deliver a pop-up experience, which will act as a physical showroom, showcasing the team’s replica race kit.

• Motorsport Games | Guests can put their on-track driving skills to the test in the unbelievably realistic racing simulators from Motorsport Games. Featuring the popular racing game, rFactor2 guests will have the opportunity to go head-to-head with their friends on an iconic global racetrack.

• Fashion Show | In partnership with a local Miami designer, a choreographed fashion show will take place on early Saturday evening against the backdrop of the iconic Miami Beach.

FTX Off The Grid will offer guests free access during the day and ticketed concert performances by night. Register for an exclusive NFT ticket and find more information on the line-up, activities, and schedule at www.ftxoffthegrid.com.