Check Out The Newly Revealed Max Strang-Designed Modern Farmhouse On Miami Beach's Allison Island Asking $15.3 Million

Clara Homes, led by luxury home developer James Curnin, has launched his new Miami Beach single family luxury development concept, Modern Farmhouse, asking $15.3 million on Allison Island. The spec home was designed by local starchitect Max Strang and is a refreshing change from the ultra-modern waterfront homes that have been replacing the city’s classic Mediterranean mansions.

The home will feature over 7,000 SF under HVAC, on a 16,200 SF lot with 75’ of prime water frontage. The layout offers five bedrooms, six full bathrooms, two-half bathrooms plus staff quarters. The home will also feature a gym with an outdoor terrace including a full bathroom and inferred sauna can easily be converted to a sixth bedroom. The large chef’s kitchen will feature appliances from Wolf/Sub-Zero, Boffi cabinetry and custom marble slab, accompanied by Dornbracht plumbing fixtures. 12’ ceiling height on the main level allows natural light to flood the entertaining spaces laden with wide-planked European white oak flooring.

Outdoors offers a covered outdoor kitchen and beautiful pool area overlooking the private dock with no fixed bridges to open ocean access. The property also will feature lush landscaping to create a sense of privacy and tranquility.

The developer James Curnin is the great-grandson of Jack Parker, founder of Jack Parker Corp. which developed the Le Parker Meridien hotel in Midtown Manhattan. After graduating from University of Miami in 2008 he joined the Jack Parker Corporation before pursuing ground-up, single family home development opportunities in West Hollywood and Bel Air. In Los Angeles he hired and worked closely with architects Philip Vertoch and Paul McClean on three residential developments comprised of over 60,000 SF and $55 million in closed transactions including a $24 million home on Doheny Drive. By 2017, having sold all three Los Angeles homes, James set sight on Miami Beach where he established Clara Homes, and continues to focus on high end homes.

The Modern Farmhouse is located at 6431 Allison Road and is currently listed for $15,300,000 with Oliver Lloyd of Douglas Elliman.

For more information about 6431 Allison Road, Miami Beach, private showings or purchasing/ leasing information please fill out the form below:

Douglas Elliman Releases May 2020 New Signed Contracts Report for Florida

Douglas Elliman in conjunction with Miller Samuel, a leading independent appraisal firm, has just released its May 2020 New Signed Contracts Report, which reveals that the number of newly signed contracts across property types in Florida was at a high last month, despite there being lower levels of new listing inventory coming online. The Florida report includes the five counties of Miami-Dade, Broward, Palm Beach, Pinellas, and Hillsborough, focusing on the new contracts signed and new listings that entered the Florida Market during the entire month. The regions are broken up by two property types: single family and condo, as well as county, borough, or area. New contracts and new listings for each property type have been broken out by eight price tranches depending on regional pricing, on a year to year basis. Douglas Elliman will be producing a monthly recurring report similar to this one during the first week of each month to cover the prior month’s number of new contracts signed and new listings to provide a data-driven picture of the rapidly changing market.

Palm Beach County

Overview:

• Despite lower levels of new listing inventory coming online, the number of new signed contracts across property types pressed higher

Key Trend Metrics (Year to Year)

Single Family:

• Number of new signed contracts for homes jumped 27.7% to 3,444 contracts 

• Listing inventory dropped 37.9% to 1,381 units

• There was a 49.3% decline in the number of new listings for homes priced below $200K

Condo: 

• Number of new signed contracts for condos increased by 16.6% to 2,033 contracts

• Listing inventory declined 28.7% to 906 units

• 111 condos priced above $1M went into contract, a 40.5% increase from the number of condos that went into contract in May 2019

Broward County

Overview: 

• There was a larger rise in overall single family new signed contracts than for overall condo new signed contracts

Key Trend Metrics (Year to Year)

Single Family:

• Number of new signed contracts rose 33.4% to 3,499 contracts

• Listing inventory slipped 42.3% to 1,389 units

• Listing inventory dropped by 66.4% for homes priced below $200K to 48 units

Condo:

• Number of new signed contracts increased by 19.2% to 2,491 contracts

• Listing inventory dropped 35.1% to 1,108 units 

• 89 condos priced at or above $1M went into contract, a 50.8% increase from last year  

Miami-Dade County

Overview:

• Despite the significant drop in single family and condo new listings during the spring, a noticeable uptick began in May

Key Trend Metrics (Year to Year)

Single Family:

• Number of new signed contracts rose 36.2% to 3,284 contracts

• Listing inventory declined 40.7% to 1,232 units

• Listing inventory for homes priced below $200K saw a 60.6% decline

Condo:

• Number of new signed contracts edged up 4.1% to 3,058 contracts

• Listing inventory dropped 42.6% to 1,386 units

• There were 91 new listings for condos priced between $600K to $799K, a 52.4% drop from last year’s 191 new listings for similarly priced condos  

Pinellas County

Overview:

• Along with the atypical drop in new listings introduced to the market this spring, new contract signings surged for both single families and condos

Key Trend Metrics (Year to Year)

Single Family:

• Number of new signed contracts surged 45.3% to 2,519 contracts

• Listing inventory decreased by 33.4% to 974 units

• Homes priced at or above $1M saw a 100.0% surge in the number of new signed contracts for a total of 132

Condo:

• Number of new signed contracts rose 32.3% to 1,143 contracts

• Listing inventory fell 34.9% to 443 units

• 25 condos priced between $800K to $999K went into contract, a 108.3% increase from last year

Hillsborough County

Overview:

• There was a significant surge in new signed contracts for both single family and condo properties as listing inventory remained slow to enter the spring market

Key Metrics (Year to Year)

Single Family:

• Number of new signed contracts increased by 66.6% to 4,266 contracts

• Listing inventory slipped 37.5% to 1,594 units 

• 200 homes priced between $600K to $799K went into contract, a jump of 124.7% from last year 

Condo: 

• Number of new signed contracts rose 53.2% to 521 contracts

• Listing inventory fell 25.0% to 216 units

• There was a 425.0% rise in homes priced at or above $1M that went into contract

By Isabella Zimmermann

PROFILE Exclusive: Strong Sales at Villa Valencia Total $12 Million in Last 30 Days

Despite global market challenges, Villa Valencia has experienced strong sales momentum in the last 30 days. In that time, the project sold $12 million of inventory, or four residences ranging from three- to four-bedrooms. Most new construction condominium projects have been selling at 30-50% of pre-COVID sales volume.

Many buyers are local to Coral Gables, a historically fortress market known for stability and long-term investment value, and others came from Mexico. The property is now 25% sold.

“These recent sales have reinforced the notion that high-quality and well-thought-out condominium residences will remain a prime interest, no matter the circumstance, as buyers see the long-term value that transcends the current climate,” said Rishi Kapoor, CEO of Location Ventures.

Villa Valencia recently introduced an exclusive, limited-offer financing program for serious buyers, adding a level of certainty in today’s market. The zero-finance opportunity, via an asset-based loan, provides funds to be applied toward a Villa Valencia contract deposit. 

The project’s estate-sized units span up to 6,263 square feet and provide intimate residential living without compromising space. Its boutique ambiance combines tropical modern interior spaces with Mediterranean design that is synonymous with Coral Gables.

Each of the condominium units will include the Delos DARWIN™ Home Wellness Intelligence network, which delivers residents with clean, fresh air, energizing light and pollutant-reduced water. Procured and installed by HEDsouth, a premier technology integration and automation company, Villa Valencia’s partnership with Delos’ allows the DARWIN system to align technology with nature’s intent by using innovation to bring the best of natural outdoor conditions inside. Villa Valencia is Delos DARWIN™’s first U.S. condominium partnership.

Residences start at $1.65 million. Construction is underway with completion anticipated for Summer 2021.

Article by Katya Demina

For more information about Villa Valencia, private showings or purchase information please fill out the form below:

Shay Kostiner Sells 44 Star Island Lot For $10 Million

Shay Kostiner, managing director of Fifth Avenue Capital Partners, has sold his vacant lot at 44 Star Island for $10 million to Hartstone Investments. Techrin Hijazi of Brown Harris Stevens, who had previously co-listed the property, represented the buyer and seller in the transaction. The pie shaped lot covers 1.1 acres with 209’ of waterfront. The transaction includes plans for a 27,000 SF mansion with 9 bedrooms and an 8 car garage designed by DOMO Architecture and Design. Kostiner first acquired the property in 2010 for $7.25 million and was met with backlash when he went to demolish the vintage monterey style estate before gaining approvals. He first listed the property for $24 million in 2016.

Grand Station Partners Close On $53 Million Loan For Luxury Rental Tower Project

Grand Station Partners closed on a $53 million loan in early March for Grand Station Tower located at 40 NW 3rd Street in Downtown Miami. ROVR Development, which is led by Oscar Rodriguez and Ricardo Vadia, set-up Grand Station Partners and are building the 30-story, 300 unit building as a public-private partnership with Miami Parking Authority. Kayne Anderson affiliate Saperian Capital is the project’s lender.

The luxury rental tower, which will feature about 4,000 SF of retail space, will also expand the Courthouse Center Garage with 350 additional parking spaces. Grand Station Partners has a 99-year land lease on the site and has the option to extend the lease by an additional 50 years.

Michael Wolk Design Associates, a Miami-based design boutique specializing in residential, commercial, and hospitality interiors, along with furniture collections, designed the Grand Station’s interiors. The firm has had over 40 years of experience designing personalized, luxury interiors for their clients with a united effort to achieve client goals on-time and within budget.

The project’s interiors are inspired by a young urban vibe and were designed with a sophisticated look in mind. Michael Wolk Design Associates selectivity edited the color palette and used black, gray, and tobacco colors. Outdoor terraces were decorated with the furniture from the firm’s Biscayne Collection, which is manufactured by Pavilion. The tower’s social room has its own custom-designed triangle seating bench and award-winning “Gianni Lounge Chairs.”

Grand Station offers a gym, spa, and pool deck among its list of amenities. It is scheduled for completion early next year.

By Isabella Zimmermann

Check Out The Newly Revealed Italian Designer Units At The Ritz-Carlton Residences Miami Beach

The Ritz-Carlton Residences, Miami Beach, has revealed a selection of Italian designer move-in ready units by Flexform, B&B Italia and Baxter. The luxury condo building was completed in February 2020 and was designed by renown Italian architect Piero Lissoni as his first full-scale project in the U.S. The Ritz-Carlton Residences, Miami Beach was developed by Lionheart Capital, a Miami-based real estate development firm, and is the largest residential adaptive reuse project in South Florida.

The Flexform furnished unit is a 3 bedroom, 3.5 bathrooms spread over 2,634 SF of interior space and 244 SF of exterior space priced at $3,425,000. The B&B Italia model residence is a 4 bedroom with a den and 3.5 bathrooms spread over 3,820 interior SF and 650 exterior SF. The home includes honed silk georgette limestone flooring, Terre de Siene wood oak flooring in bedrooms, Lualdi oversized solid-core doors, and more. The B&B Italia unit is listed for $5,231,000. The Baxter residences is a 3-bedroom with a den, family room and 3.5 bathrooms with 3,835 interior SF of space and 708 exterior SF. The residence is listed for $5,780,000.

The Ritz-Carlton Residences Miami Beach features 111 residences and offers a selection of world-class amenities including the world’s first residential art studio, 36 private boat dockages and private on-site captained day yacht, an ecological food forest and community garden, a half-acre rooftop pool deck with private cabanas, a private cinema-style screening room, a meditation garden, and a medical concierge. The building also features over 20 private elevators and private suites.

For more information about The Ritz-Carlton Residences, Miami Beach, private showings or purchasing/ leasing information please fill out the form below:

Monaco Yacht Club & Residences Debuts Sales Gallery In Miami Beach

Monaco Yacht Club & Residences, which is being developed by Optimum Development USA, has revealed its newly opened sales gallery at 6897 Collins Avenue in Miami Beach. The nautically themed, boutique Bayfront condominium offers its own private marina and just thirty-nine luxurious waterfront residences delivered fully finished with curated interiors by world-renowned Italian interior designer Piero Lissoni.

“We are delighted to at last unveil the much anticipated Monaco Yacht Club & Residences sales gallery,” said Ricardo Tabet, CEO of Optimum Development USA. “The sophisticated design showcases the extraordinary talents of Piero Lissoni and Bernardo Fort-Brescia of Arquitectonica and is an overall reflection of the building’s program of luxury living, fun lifestyle, laid-back environment, and relaxed atmosphere.”

Lissoni is recognized as one of the masters of contemporary design and known for a stunning portfolio of international projects in the fields of architecture, landscape, interior, product and graphic design and corporate identity. Lissoni is also the art director for some of the most influential design companies for whom he designs an extensive range of products such as Boffi, Fantini and Salvatori, all of which are incorporated into the design of the new sales gallery.  

The sales gallery showcases Lissoni’s inspired designs with modern interiors in white warm tones, refined Italian-made fixtures and finishes, and Arrigoni wide plank wood flooring from Austria, where for each tree felled, four are planted. 

“It is a very proud moment for us to officially welcome prospects and the real estate community to experience the Côte d’Azur in the heart of Miami’s Mid-Beach,” said Rodolfo Misitano, CEO of Optimum Asset Management (parent company of Optimum Development USA). “The exquisitely designed sales gallery offers an up-close opportunity for our guests to experience what it’s like to live in one of our residences and the ultimate indoor/outdoor lifestyle that Monaco Yacht Club & Residences will offer.”

The bayfront Monaco Yacht Club & Residences will rise 12-stories and was designed by international architecture firm Arquitectonica, led by Bernardo Fort-Brescia. The building is slated for completion in the third quarter of 2021.  Monaco Yacht Club & Residences are drawing rave reviews for its exceptional combination of world-class style, intimacy and exclusivity located on one of the last remaining waterfront properties in the area.

Monaco Yacht Club & Residences will offer one to four bedroom residences, ranging in size from 918 SF to nearly 5,000 SF. A limited collection of two impressive penthouses will offer expansive living areas, including private terraces with summer kitchens, starting at 2,888 SF. Residences are primed for indoor/outdoor living and entertaining, the meticulously designed homes will feature expansive wraparound terraces, each with finished floors and ceilings and sweeping views of Biscayne Bay, the Atlantic Ocean and the Miami skyline.  Additional highlights within the residences will include stone countertops, 10’-11’ high ceilings throughout, large walk-in closets, pre-wired for Home Automation systems to accommodate the latest “Smart Building” technology, private elevator entrances, custom Boffi kitchens and premium bathroom interiors featuring imported Italian marble flooring, spacious tubs and frameless, glass-enclosed rainfall showers with designer faucets. 

Monaco Yacht Club & Residences will also feature a 12 slip marina available exclusively to residents, as well as a yachting concierge for maintenance needs, yacht charters or sailing, and fishing excursions for the day to the Bahamas, the Florida Keys or to enjoy the Atlantic Ocean and the best of South Florida’s coastal living. Other waterfront amenities include paddle boarding, kayaking and more. 

Additional resort-style amenities include a “Resident’s Lounge” featuring a library and breakfast bar for leisurely waterfront dining; a breathtaking rooftop terrace with panoramic views of the Miami skyline featuring a pool with poolside chaise lounge chairs, Jacuzzi and shaded lounge areas with a grill for entertaining; as well as a state-of-the-art fitness center overlooking Biscayne Bay.

Residences are priced from $1.1 million with sales and marketing handled exclusively by Fortune Development Sales.

Take An Exclusive Tour Of The $23.5 Million Rockybrook Estate Complete With A Replica Of Wynn Las Vegas' Pool

This Delray Beach estate has it all including its own hair salon, a 250,000 gallon salt water pool inspired by the Wynn Las Veags, a club room with a bar, card table and billiards table; a cigar room; a cinema-style theater room, and even a two-lane bowling alley in the massive children’s lounge. Located in a market known for its multimillion-dollar properties, the sprawling Rockybrook Estate in Delray Beach is set in the prestigious Stone Creek Ranch, an exclusive luxury community with only 37 estates known as a “CEO haven.”

The 31,000 SF architectural marvel is an ode to both modern classicism and throwback glamour. In the same breath, the inviting seven-bedroom, 11-full-bath layout captivates with family friendly flourishes that double as entertainment spaces. It’s the best of all worlds, sophisticated design, jaw-dropping detail and tangible warmth, flawlessly executed under one roof.

The estate also features a club room with a bar, card table and billiards table; a cigar room; a cinema-style theater room—and even a two-lane bowling alley in the massive children’s lounge. Rockybrook also sports health and beauty areas, including a spa treatment room, salon, gym and sauna, a championship tennis court, and a blissful meditation space overlooking the tropical garden.

Conceptualized by Brenner Architecture, Rockybrook dazzles at first dramatic sight with a grand foyer and custom-designed open-arms staircase that recalls a scene from a Hollywood classic. Other features include a stately living room with marble flooring and 32-foot walls. A dining room that seats 16 with white agate backlit walls and white mother-of-pearl ceiling treatment. A glass-encased, temperature-controlled wine room. A Zen-like garden area with a waterfall treatment and koi pond. A long hallway off the foyer eventually leads to a gourmet Downsview kitchen with state-of-the-art appliances; a striking double-column, stainless-steel range hood; and a separate island counter with seating for six and playfully oversized lighting. Rockybrook also boasts a separate commercial catering kitchen.

Upstairs, the master bedroom has its own separate wing, including a study lounge and kitchenette. The main balcony of the suite features a fireplace, whirlpool bath and sun deck, all overlooking the property’s lush 2.5 acres and unrivaled outdoor spaces. Exquisite details also abound in the master baths; hers is adorned with amethyst and boasts a center bathtub with a hanging crystal chandelier, and both baths have their own balconies.

For all of its eye-catching opulence, Rockybrook also manages to enchant with a resort-like vibe that makes every day feel like a getaway. The estate features a 250,000-gallon heated pool with black mosaic glass waterline tile and a black Pebble Tec finish, an ode to the infinity-edge splendor at Wynn Las Vegas. The tropically landscaped pool area, complete with waterfalls, fire pits, a covered pavilion and dining area, a grotto with a rain feature, and a fully equipped summer kitchen provides an entertainment epicenter for all seasons.

The residence also is designed with hurricane-resistant windows, doors and exterior construction. In addition, it comes with a Creston smart home system and security cameras.

Rockybrook Estate is located at 9192 Rockybrook Way is listed for $23,500,000 with Senada Adzem of Douglas Elliman.

CMC Group Closes On More Than $31 Million in Penthouse Sales In Last 90 Days At Brickell Flatiron

CMC Group’s newly completed Brickell Flatiron condominium in Downtown Miami’s Brickell Financial District has successfully closed on four upper penthouse residences totaling $31.6 million in finalized sales over the last 90 days. The 64-story tower, built by CMC Group founder and veteran Miami developer Ugo Colombo, was delivered in November 2019, and over 90% of its contracts have already been closed. Approximately 98% of the building’s 527 units are sold to buyers from around the world, with more than half of its residents hailing from within the domestic United States. The 736’ skyscraper, located at 1000 Brickell Plaza, currently stands as the tallest condominium in Miami.

Brickell Flatiron’s upper penthouse collection, located on floors 62 through 64 of the tower, includes expansive single-story, two-story duplex and three-story triplex residences measuring from 3,600 SF and up to 7,900 SF in size. The sales include a 7,856 SF 6 bedroom, 3-story triplex penthouse with a private pool for $13.2 million; a 5,453 SF 4 bedroom, 3-story triplex penthouse also with a private pool for $11.2 million; a 2,726 SF 4 bedroom penthouse for $2.32 million and a 3,626 SF 4 bedroom, 2-story duplex penthouse for $4.9 million. One developer-owned duplex penthouse unit remains available for purchase, which is now on the market for $9 million.

“Now more than ever, buyers have grown accustomed to and appreciate the level of detail we have always strived to deliver at CMC Group,” said developer Ugo Colombo, founder of CMC Group. “Brickell Flatiron’s last available penthouse embodies true Italian design. Every element used – from the finishes and fixtures, to the furniture pieces and colors – was designed with the highest quality materials and the utmost attention to detail to achieve a unique, one-of-a-kind product that will stand the test of time.” 

“In the last few weeks, we have closed the balance of our sold penthouses,” said Vanessa Grout, president of CMC Real Estate. “The demand to purchase our last remaining developer-owned residence is coming from individuals both international and domestic.”

Rising 62 stories above Miami’s preeminent Brickell neighborhood, Brickell Flatiron’s last remaining duplex penthouse spans 4,633 SF of interior space with terraces extending from all rooms. The grand two-story residence features 4 bedrooms, 5.5 bathrooms and a vast 20’ double height living area enveloped by expansive north and east cityscape and water views. The fully finished “townhome in the sky” has been meticulously designed by Barcelona-born architect Alexis Cogul Lleonart of Miami-based Doo Architecture and enriched with beautifully curated accessories by Nest Casa. Alexis Cogul Lleonart’s design model for Brickell Flatiron’s last remaining upper penthouse expands upon CMC Group and Ugo Colombo’s ethos to create livable spaces with functional yet refined interiors that feel like home.

“A well-designed space must provoke, enhance and encourage a reaction,” said Alexis Cogul Lleonart, founder and principal of Doo Architecture. “If this happens, our work is completed.”

Brickell Flatiron’s architectural design is the brainchild of architect Luis Revuelta, who is behind many of Miami’s iconic high-rises including CMC Group’s Bristol Tower, Santa Maria and EPIC Residences & Hotel. On the inside, master Italian design architect Massimo Iosa Ghini uses inspiration from Revuelta’s curved façade to outline the tower’s sleek common areas and public amenity spaces, creating a seamless transition from exterior to interior.

The development’s privately owned permanent art collection includes a series of exclusively produced large-scale paintings and sculptures by New York artist Julian Schnabel, as well as signature pieces by Italian artist Carlos Battaglia and Italian photographer Marco Glaviano, which are displayed in the building’s grand lobby and public amenity spaces.

Amenities include a 64th-floor rooftop level with a Sky Spa, Sky Pool and Sky Gym, providing 360-degree panoramic views of the bay and downtown Miami’s glimmering cityscape. Residents may access a host of therapeutic services and other offerings including private steam, sauna and locker facilities, a 6,300 square foot state-of-the-art fitness center with Pilates, spin and aerobics studios, and a juice bar. Additional features include a resort-style lap pool and separate children’s pool on the 18th floor, private movie theater with stadium seating, billiards room and lounge, clubroom, full-time concierge and 24-hour valet parking, on-site vehicle washing and detailing, and electric car-charging stations.

Two More Units At One Thousand Museum Sell For $6 Million And $11 Million

One Thousand Museum, the luxury residential condominium by the London-based Zaha Hadid Architects, sold two new units this past week. The 62-story, 84-floor unit tower opened in August 2019 and has since then attracted many buyers, among which are David and Victoria Beckham, who closed on a $19.8 million full-floor penthouse back in late March.

David Beckham will no longer be the only soccer player in the building. His new neighbor, Manchester United and French national team soccer player Paul Pogba, closed on a $6 million luxury condo in the tower this Thursday. 

The building has also the attention of New Yorkers interested in moving to South Florida. Friday marked the closing of its 11,544-square-foot penthouse unit 5301 for $11 million. The undisclosed New York buyer’s new unit will take up a whole floor with five bedrooms and six-and-a-half bathrooms. Prior to purchasing, they toured the penthouse twice: once before the pandemic, and again during it through a virtual tour.

The unit went under contract two weeks ago once the buyer offered to pay in cash for the originally $16 million penthouse. The price was later reduced by 31% before closing, selling low for only for $952 per square foot compared to a similar full-floor penthouse the Beckhams purchased for $1,810 per square foot.

Karen Elmir, CEO and founder of Cervera Real Estate’s Elmir Group, represented the buyer, whereas Harvey Daniels at One Sotheby’s International Realty represented the developer.

One Thousand Museum is fit with its own private rooftop helipad and offers many other luxe lifestyle amenities, including a Skye Lounge with curated seasonal menus, a spa with relaxation pods and private treatment rooms offering several services, the private Beach Club Museum Beach, a house car service, a 1KM wellness center, and an indoor lap pool located on the 61st floor.

Daniel De La Vega’s ONE Sotheby’s International Realty Development Division is the exclusive listing agency for One Thousand Museum.

By Isabella Zimmermann