Monad Terrace Expects to Break Ground by End of January

Monad Terrace, Miami Beach's newest luxury residential waterfront haven, expects to break ground by the end of January. The development by JDS Development Group is designed by Jean Nouvel with architecture by Kobi Karp. The project will feature 59 residences that range from 2 to 5 bedrooms and start at $1.7 million. The project will also feature an infinity edge waterfront pool and hot-tub located directly on Biscayne Bay with lush landscaping throughout by Jean Nouvel. The design of the development will keep climate change and rising sea levels in mind. Amenities also include a 24 hour concierge, valet parking, pool service, cafe and juice bar, resident's lounge, waterspouts storage and bicycles and paddle boards for the residents. Monad Terrace will be located just south of the Waverly at the intersection of Monad Terrace and West Avenue on Miami Beach. Douglas Elliman will handle sales for the project.

Featured Listing: 321 Ocean Penthouse

The Penthouse of 321 Ocean Drive has taken a price chop of $13.5 million, down to $39.5 million from the original list price of $53 million. The unit originally closed for $20 million in 2015 as a pre-construciton reservation. The beachfront unit is 6,807 SF in addition to 6,000 SF of outdoor space. It is located on the 9th and 10th floors and includes 4 bedrooms, 5 full bathrooms and 2 half-baths. Finishes include marble bathrooms and kitchen along with views of the Atlantic Ocean and Miami Beach. The outdoor space includes a rooftop terrace with a 36-foot infinity pool, summer kitchen and bar. 321 Ocean was designed by Enrique Norten. Listing and Photos by Jorge Uribe and Sotheby's International Realty. 

Featured Listing: UPH2 at W South Beach with Ample Rooftop Space Lists for $9.95 Million

UPH2 at W South Beach is a true South Beach luxury party pad. This penthouse features over 2,647 SF of indoor space matched with 2,700 SF of outdoor space. The 3 bedroom layout includes 3.5 bathrooms along with marble floors, floor-to-ceiling windows and smart-home technology. The outdoor space is what sets this listing apart, with 5 balconies and an enormous rooftop terrace with an outdoor entertainment area including private rooftop pool, pool table, outdoor theater, summer kitchen and beautiful views of Miami Beach. Currently listed for $9.95 million. Listing and photos by Luis Gonnel of Engel & Voelkers.

"Made in South Beach" Coming to 600 Alton Road

Crescent Heights proposed project at 600 Alton Road will officially be called "Made in South Beach." The project includes 501 rental units with 70,000 SF of amenities and 60,000 SF of indoor/outdoor retail space with beautifully landscaped courtyards. Units will come in 1 and 2 bedroom layouts. Currently no construction permits have been applied for but Crescent Heights has been focusing on designing, branding and building the concept for the project. They're goal is to transform the entrance to Miami Beach as 600 Alton Road is the first residential and commercial lot seen when entering South Beach. The project was originally called "The Waves" and was to include 485 rental units before before Crescent Heights expanded their plans. The footprint will envelope the 500, 600 and 700 blocks of Alton Road. 

William Duker Lists Apogee Penthouse for $65 Million

William Duker has listed his 3-story Apogee penthouse unit for an astounding $65 million, matching mega-listing 46 Star Island. Outdoor space not included, the price tag is essential asking $7,859 SF. Located in the exclusive South of Fifth neighborhood, the unit features 5 bedrooms and 8 bathrooms over 8,271 SF along with an additional 13,149 SF of outdoor space. It also features a private rooftop pool deck, spectacular views of the Atlantic Ocean, Biscayne Bay, Key Biscayne, Miami Skyline, Miami Beach and Coconut Grove along with a glass staircase, stone floors, and furniture from PH Design Studio. Duker is planning on sailing the world on his new 230-foot yacht Sybaris upon selling. The former Manhattan lawyer who served 33 months in prison in 1997 for overfilling the FDIC, was a co-founder of Amici, an electronic document discovery company that sold as a part of an all-cash deal to Xerox for $174 million in 2006.

Featured Listing: W South Beach Penthouse Lists for $18 Million

The W South Beach is alive and well as Penthouse #PH26/2 has listed for $17,890,000. The 3,595 SF corner unit features 4 bedrooms and 5 bathrooms with an interior fully designed and furnished by Steven G. The pricing comes out to $4,976 SF, a steep ask in a market that has shown signs of slowing up. The unit features expansive outdoor space with wrap-around balconies with unobstructed views to the east, south and north of the building. The unit also includes smart house technology including a Control 4 system, leather wood-encased interior doors, leather wall paneling and glass walls that can be changed from translucent to opaque with the press of a button. Located at 2201 Collins Ave., the W South Beach Resort Residences provide residents with resort style living at one of the finest, most popular and iconic hotels in South Beach. Listing and photos by One Sotheby's International Realty. 

Enrique Iglesias Former Home Villa Jasmine Listed for $21.5 Million

The former Sunset Island home of Enrique Iglesias, known as Villa Jasmine, has been relisted for $21.5 million. The listing price equates to roughly $3,209 SF and is cut down from the original February 2015 asking price of $25 million. The home features Moroccan and Indian style throughout with 6,700 SF of living area and a main house with 5 beds, 5.5 baths along with a 1 bedroom, 2 bathroom guest house. It also features 150' of waterfront on Biscayne Bay complete with a private dock, rooftop jacuzzi, home theater, mosaic fountain and outdoor entertainment area complete with a summer kitchen, glass beaded pool and unobstructed views of the Miami skyline. It is currently owned by PetMed Express found Marc Puleo and located at 1771 N View Drive. It is currently listed with Mirce Curkoski and Albert Justo of ONE Sotheby's International Realty. 

44 Star Island Listed for $24 Million with Approved Plans

Shay Kostiner, the managing director of Fifth Ave Capital Partners, has put his Star Island property, complete with redevelopment plans, for sale for $24 million. At the same time he continue moving forward with building the project which features approved plans for a 27,000 SF mansion designed by Ricard Bofill. The home will feature nine bedrooms, an eight-car garage, rooftop and bayfront pools, and 209' of waterfront complete with a private dock. The 1.1-acre property is located at 44 Star Island and was originally purchased by Kostiner in 2010 for 7.25 million. In April 2016 Kostiner received a variance to raise the home to an elevation of 13 feet above sea level as well as to save three large Ficus Trees on the property. The existing house on the property from 1935 will be demolished. The property and project is currently listed with Marcos Egipciaco of Sovereign Real Estate Group. 

46 Star Island Lists for $65 Million

The legendary 46 Star Island, the iconic cul-du-sac estate at the end of Miami Beach's exclusive Star Island, has listed for a whopping $65 Million. The mansion is 18,356 SF that spans the entire point of the island and was originally built in the 1920's. The old world style is evident throughout the residence, which the owner just recently restored to an absolutely pristine condition. The home has over 40 rooms including 10-bedrooms, a massive wine cellar, home office, library, living room, chef's kitchen, dining room, and maids quarters with two separate condo style staff living areas. The estate also features 255 feet of waterfront on Biscayne Bay complete with two private docks, a boat lift, beautiful statue lined swimming pool, cabana, along with exotic landscaping, gardens, courtyards and terraces throughout the property. 

46 Star Island Dr. is now the most expensive single-family home for sale in Miami-Dade County at $65 million, followed by a penthouse unit at Faena House and Casa Bahia in Coconut Grove asking $55 million and $50 million respectively. The listing price comes in around $3,530 SF. The owner originally paid $1.83 million for the 1.4 acre property in 1987. The home is currently listed by Mirce Curkoski & Albert Justo One Sotheby's International Realty as well as Alexa Iacovelli. The home is surrounded by Viagra founder Philip & his wife Patricia Frost's estate 21 Star Island as well as Lennar Corp. founder & CEO Stuart Miller's estate and his other various Star Island holdings 22 Star Island and 11 Star Island. Photos via One Sotheby's International Realty. Stay tuned for a tour and more coming soon. 

FEATURED LISTING: Triplex Penthouse #PH1602 in the Miami Beach EDITION Lists for $25.999 Million

#PH1602, The three-level penthouse from atop the Miami Beach EDITION has listed with The Jills for $25.999 Million. The unit was previously listed for $27 million. The 5,246 SF unit features 4 bedrooms, 6 bathrooms and a huge rooftop terrace with views of the Atlantic Ocean, Biscayne Bay, Miami Beach, Sunny Isles, Downtown Miami and Brickell. #PH1602 was was designed by architect John Pawson. The residence features 20-foot floor-to-ceiling windows, teak woods floors, custom staircase, interiors by Steven G., Bulthaup gourmet kitchen and a huge rooftop terrace complete with a summer kitchen, outdoor entertainment area and a 36' private rooftop pool. The Miami Beach EDITION is located at 2901 Collins Ave. Listing and photos by The Jills with Coldwell Banker Real Estate.