A penthouse at W South Beach just sold for $10.2 million, setting the bar for 2017 condo sales as the highest sale per square foot this year (2017) at $3,502 SF. The residence is 3 bedrooms and 3 bathrooms spread over 2,912 SF with an additional 3,000 SF of outdoor space. The Yabu Pushelberg designed unit features quartz counters, marble bathrooms, Creston smark home system and Lutorn lighting. Outdoors the unit also features a private lap pool, hot tub and lounge area overlooking the beach. The unit was listed with Farid Moussallem and Miltiadis Kastanis of the Miami Lifestyle Team at Compass for $15 million and the buyer was represented by Luis Gonell of Engel & Voelkers. Enjoy the photo tour below.
Tour the Stunning Setai Unit With Views of Atlantic Ocean and Downtown Miami's Skyline That Sold for $5.5 Million
Unit 2802 in the Setai has sold for $5.5 million and the unit is absolutely stunning. The unit is 3 bedrooms, 3.5 bathrooms and covers 2,354 SF. The unit is a rare combination unit which has views that face southwest and southeast, allowing for unique views of the Atlantic Ocean, Miami Beach skyline and Downtown Miami skylines alike. The Setai is a 5-stary, 40-story, glass, beachfront hotel tower with 3 oceanfront pools, beach services, oceanfront grill, 24 hour room service, gym, concierge and full service spa. 101 20th Street Unit 2802 Miami Beach was listed by Eloy Carmenate and Mick Duchon of Douglas Elliman’s Carmenate + Duchon Residential Group. Carmenate and Duchon are no strangers to the ultra-high net worth buyer. They oversee a $300 million portfolio and specialize in top-end luxury homes with architectural significance. Recently adopting a new name, Carmenate + Duchon Residential, the duo have closed on over $70 million worth of deals just this year alone.
Featured Listing: Tour the Newly Unveiled Penthouse 1612 of 1 Hotel & Homes Designed by Artefacto
1 Hotel & Homes unveiled Penthouse 1612 yesterday (June '17) designed by Brazilian design-house Artefacto. The oceanfront penthouse spans 2,810 SF Over 3 bedrooms plus den and 3.5 bathrooms. The unit features a spacious balcony that accentuates the residence’s stunning ocean views and is designed to invite ocean breezes and sunlight into every room. Aguiar’s nature inspired aesthetic and airy interiors epitomizes soothing and splendid living. Penthouse 1612 is listed for $6,195,000 by Douglas Elliman Development Marketing. Enjoy the photo tour below.
Penthouse 1406 in the Miami Beach EDITION has Sold for $5.4 Million
Penthouse 1406 at the Miami Beach EDITION has sold for $5.4 million. The unit features 2 bedrooms and 3 bathrooms over 2,255 SF and 2-stories. It also features breathtaking ocean and bay views, whitewashed teak floors, Smart Home technology, a European Bulthaup kitchen, as well as a private rooftop deck with plunge pool and outdoor kitchen. Both sides of the transaction were overseen by Douglas Elliman, with Eloy Carmenate and Mick Duchon of Douglas Elliman’s Carmenate + Duchon Residential group representing the buyer and Bill Hernandez and Bryan Sereny acting as the list agents. Continue below for a photo tour of the immaculate penthouse.
Architect Rene Gonzalez @ Louver House
Construction Update: South-of-Fifth's Louver House from Mast Capital Nears TCO
Mast Capital's Louver House, located in South of Fifth at 3rd and Meridian, is cruising towards completion. Designed by award-winning architect Rene Gonzalez, the four-story boutique property features 12 exclusive luxury residences and is on track to receive its TCO by the end of June 2017. Louver House complements the residential, walking neighborhoods lush, natural environment. The city of Miami Beach asked that the original bungalow that stood on the property be restored in some way, so Mast Capital created a public walking space via a louvered bungalow, paying hommage to the area's original beachside setting.
“Like all of my work, Louver House is designed to both reflect and respond to its environment. The building embraces the tropical qualities of the South of Fifth neighborhood and reinterprets them for contemporary living," said architect Rene Gonzalez.
“Louver House offers everything that today’s buyers are looking for, including luxurious amenities and an extremely desirable location walking distance to some of the best restaurants and our beach club,” said Camilo Miguel Jr., CEO of Mast Capital. “This milestone gets us one step closer to delivering the Louver House lifestyle.”
“This project broke ground in December 2015 and has progressed very nicely, reaching each progress point on target. Our team is excited to reach the next and final step, completion,” said Beauchamps Construction president Dean Thomas.
Louver House features a number of amenities, including a health club with an outdoor yoga area, pool deck with negative edge pool, landscaped lounge area, rooftop terrace, sunken lobby gardens as well as electric vehicle charging stations. Units at Louver House range from 2,088 to 2,432 square feet and prices range from $2.5 million to $3.9 million. All residences will be outfitted with unique kitchens from luxury Brazilian designer Ornare’s new “High Line” collection. Sales and marketing for the Louver House are exclusively handled by ONE Sotheby’s Realty and there are a few units left.
Architect Rene Gonzalez @ Louver House
Featured Listing: The Late Leonard Miller's 23 Star Island Lists for $49 Million
The home of the late Susan and Leonard Miller, one of the co-founders of Lennar Corporation, has been listed for $49 million, making it the second most expensive home on Star Island and the 4th most expensive listing in Miami. The home is 10,211 SF and spread over 7 bedrooms and 8 bathrooms. The home features two master bathrooms, stunning landscaping, stunning views, tennis court, separate 2 bedroom guest house, pool and 327 feet of water frontage with private dock. It is currently listed with The Jills at Coldwell Banker Real Estate. Enjoy the photo tour below.
Featured Listing: Zaha Hadid's Personal W South Beach Condo Lists for $10 Million
Zaha Hadid’s personal Miami Beach condo which is located in the W South Beach has been listed for $10 million unfurnished. The oceanfront unit is 2,299 SF featuring 3 bedrooms and 4 bathrooms. The custom furniture by the late "Starchitect" will be sold separately. The number comes to around $4,350 SF, which ranks the listing as one of the five most expensive listings in South Beach per square foot. According to list agent Rex Hamilton, the residence is “presented as a grand main apartment with balconies wrapping the east and south views plus a totally separate guest apartment, which is a one bedroom facing southeast. The main apartment originally combined two-floor plans, which Zaha Hadid then reformatted and customized as a grand one-bedroom residence with a generous oceanfront living room and terraces for entertaining guests.” The unit is listed for $10 million with Rex Hamilton of The Rex Hamilton Corporation. Check-out the video tour below.
A New Trader Joe's in Miami Beach Breaks Ground, Expected to Open Late 2018
Trader Joe's has broken ground on a new Miami Beach location located at 17th Street and West Avenue. The store is expected to to open in late 2018 and will be Trade Joe's first location on Miami Beach. The storefront will be part of a larger, 5-story project by Turnberry Associates and Elion Partners, which includes 28,000 SF of retail, residences including loft apartments and townhomes as well as 200 parking spaces. The building is being designed by Touzet Studio and Stantec.
Eleven on Lenox Sales Gallery to Open in June As South Beach Continues to Develop
South Beach has long been one of the United State's most iconic zip codes, fusing culture, tourism and nightlife. Despite this, areas of South Beach have remained stale and stagnant to the development community until now. Developers have set their sites on the West Ave. pocket just west of Alton Road along Biscayne Bay from Lincoln Road through 5th Street. Serving to connect high-end neighborhoods of South-of-Fifth and Sunset Harbor, the strip has seen a real estate renaissance that has been marked by the introduction of several top brands and developments including 1675 Alton Road, a mixed-use development with retail and restaurants; Kimpton’s Hotel Palomar South Beach; The Lincoln Eatery; Trader Joe’s, which will open its first Miami Beach location at 17 West, a new mixed-use development with ground floor retail and loft-style apartments; 1671-1673 Alton Road, a soon-to-be redeveloped property with three ground-floor retail units and a second-floor loft space; a $5 Million renovation to the iconic Mondrian South Beach in which was recently taken under management by Menin Hospitality; 1212 Lincoln, a five-story mixed-use development that will feature a hotel, luxury retail and an indoor food court; and Baptist Health’s Urgent Care Facility; "Made in South Beach," a 501 unit rental community between Alton Road and West Ave; as well as Mondad Terrace, a luxury residential condo development from JDS Development Group, Jean Nouvel and Kobi Karp. Miami Beach has also set its sights an a major Lincoln Road redesign with the addition of enlarged sidewalks, more open space, water features and bike lands, further engraining its status as the social spine of Miami Beach.
At the center of this exciting neighborhood shake-up will be Eleven on Lenox from Shoma Group. Eleven on Lenox will feature a collection of 11 "ocean-inspired beach homes" which match the "spirit of the coastal retreat, infused with the luxury, style and sophistication of a private home in one of the most desirable neighborhoods." The project will be located at Lenox Ave. and 15th Street. Townhomes will start at $2.9 million and range from 4,403 SF to 4,669 SF. The project is designed by Zyscovich Architects and interior design by Charles Allem. Residences will be three floors and future Gaggenau appliances, smart lighting system, Poliform kitchens, four parking spaces, private elevators, rooftop terrace, summer kitchen and a pool. Eleven on Lenox is walking distance from both Lincoln Road and the beach and will emerge residents in the heart of South Beach. The on-site sales gallery is expected to open in June.
Check out our previous coverage on Eleven on Lenox including the release of their updated renderings by Charles Allem as well as our original coverage when the project when announced in October 2016.
Tour The Record-Breaking Sale at South-Of-Fifth's One Ocean
Miami Beach luxury real estate is hot with yet another record breaking sale, this time at One Ocean. Unit #403 located at 1 Collins Ave. just closed for $3,975,000, coming to $1,390 SF. The sale was over 20% higher than the most previously closed sale in the building since its 2016 delivery. Unit #403 features 3 bedrooms, 3 full-bathrooms and 1 half-bath spread over 2,860 SF. The residence features a contemporary design, a private elevator and foyer, European white oak flooring, Lutron lighting and views of both South-of-Fifth and The Atlantic Ocean. Unit #403 was listed by Sladja Stantic and Dina Goldentayer of The DS Team at Douglas Elliman.
