Tour the Four Seasons Hotel & Residences at The Surf Club in Surfside Where 3 Units Have Closed So Far

Since the grand opening earlier this month, 3 units have so far closed at the Four Seasons Residences at the Surf Club. The deals have ranged from $4.6 million to $9.3 million. Unit 521 in the development's North Tower just closed for $9.3 million. Unit 319, also in the North Tower, closed for $7.05 million and unit 811 closed for $4.6 million. At the grand opening the developer of the project, Fort Partners CEO Nadim Ashi, stated that the project produced over $1 billion in condo sales with an average price per square foot $2,400. Condo units range from $3.4 to $18 million and 1,400 SF to over 7,000 SF.  The Four Seasons Hotel & Residences at The Surf Club features 2, 12-story residential glass condo towers with 150 private residences and a 77-room Four Seasons Hotel in Surfside. Enjoy the photo tour of the stunning property below. 

Check-out coverage of the Four Seasons Hotel & Residences at The Surf Club Grand Opening. 

Featured Listing: Morningside Waterfront Featuring Man-Made Beach Hits Market for $13.5 Million

A waterfront mansion in Morningside located at 5811 N Bayshore Drive has hit the market for $13.5 million. The estate features 9 bedrooms, 7 full-bathrooms and 2 half-baths over 7,011 SF. The home also features a gourmet kitchen with Carrara marble island, countertops and backsplash, a butler's pantry, cuban tiling, white-washed oak floors, a library, enormous master suite, coral stone balcony and coral stone deck and outdoor entertainment area featuring outdoor fireplace, heated pool, made-made beach on Biscayne Bay and a 35' foot dock with 151 feet of water frontage. The home was originally desiged by architect Robert F. Smith. Listing and photos by The Jills of Coldwell Banker Real Estate. 

Cash Sales in Miami Continue to Decline Through 2017

All cash sales in the Miami real estate market continue to decline through 2017, after reaching highs in 2014. The Miami Association of Realtors reported a 20% drop year-over-year for January 2017 cash home sales, with a mere 232 deals completed in cash. This is compared to the June 2014 peak with over 600 all cash deals completed during the period. The highest percentage of cash deals came following the last Miami real estate crash in Q1 2013, with cash sales hovering around 50% for all real estate transactions during the period. This all comes at a period where international investment has been slowing down, the U.S. dollar is strengthening against foreign currency and U.S. home prices continue to rise. This should give a leg up to cash investors looking to get a deal as sellers do not always like to take the risk on a buyer closing on their mortgage. It also points to the market beginning to hit a state of equilibrium as lenders become more comfortable issuing loans in the market and limited foreclosures and REO's available to investors. 

The Citadel, Mixed Used Retail/ Entertainment Venue in Little Haiti, to Open Next Year

Little Haiti continues to evolve and develop as the area has really heated up in recent years. The Citadel will be yet another major shake-up to the neighborhood as Conway Commercial Real Estate and Urban Atlantic Group's 60,000 mixed-use development. The project will include a 10,000 SF food hall that will feature over 20 vendors including Stanzione, Bianco Gelato and Smashing Avo's. There will also be a retail mezzanine with a focus on service-oriented retailers, office space/ studio space and a rooftop bar. The Citadel is expected to open in early 2018.

AirBNB With 5 Miami Homeowners Sue the City of Miami

AirBNB has teamed up with 5 other Miami  homeowners to sue the city and Mayor Tomas Regalado. A lawsuit by AirBNB, Yamile Bell, Toya Bowles, Gary Levin, Ana Rubio and Kenneth Tobin was filed last week to stop Miami from enforcing bans and fines on short-term rentals in the city. The discrepancy between AirBNB, AirBNB hosts and the city of Miami has heated up in recent months as homeowners essentially "outted" themselves while defending their rights at a City Commission meeting last month, only to find out that the city would directly target and pursue them based on their disclosure at the meeting. AirBNB has target Miami as the state of Florida passed legislature in 2011 which prohibits cities and counties from enacting ordinances that prohibit and/ or regulate vacation rentals. They have even go so far as to state the day, August 11, 2015, in which the city officially violated state ordinance, breaking state law.  

“The city is now acting to make good on those threats, Airbnb stands together with its Miami hosts in opposing the city’s unlawful efforts, and in particular stands with the brave individuals who have come forward and seek to protect their rights.” claims the lawsuit, which was filed by Mitchell Berger, a Fort Lauderdale-based constitutional lawyer who has previously worked for Al Gore.

Mana Unveils Plans to bring Americas-Asia Trade Center & International Financial Center to Wynwood

Moishe Mana continues his commitment to developing the Wynwood neighborhood and helping make Miami a global business hub. The developer has unveiled plans to build the Americas-Asia Trade Center & International Financial Center (TCIFC) at his Wynwood development site. Phase 1 of the project will include developing 4.68 million SF over the 8.5 acre site including 1 million SF of "Class A" office space, 75,000 SF of retail and restaurants, a 400-room hotel and 90,000 SF of public space including landscaped parks, gardens and walkways. Groundbreaking is expected in 2018.

Featured Listing: Stunning Waterfront Townhouse Hits Market at Murano at Portofino

An exclusive waterfront Townhouse at the Murano at Portofino has hit the market and this one-of-a-kind listing is stunning. The 2,986 SF unit covers 3 bedrooms  and 3 bathrooms over 3 floors. It comes complete with 2 private outdoor terraces. The home also features a 150 bottle wine wall, wood floors, private 2 car garage, double height ceilings, and views of Miami Beach Marina and Biscayne Bay. TH-M1 is located in the exclusive South-of-Fifth neighborhood, walking distance to the beach, South Pointe Park, Joe's Stone Crab, Prime 112, Il Mulino, and Smith and Wollensky, amongst others. Amenities at Murano at Portofino include 24 hour concierge, lighted tennis courts, private beach and yacht club, state-of-the-art fitness center, entertainment center, spa and heated bay-front swimming pool. TM-M1 is currently listed for $6,199,999. Listing and photos by Jamen Krynicki and Dustin Nero of Douglas Elliman Real Estate. Enjoy the video and photo tours below.

New Listing Alert! 🚨 1000 S Pointe Drive TH-M1 Asking $6,199,999 This gem offers the very best of Miami Beach living and I'm beyond excited to share this clip with you! . . . . #luxury#waterfront #realestate #yacht #miamibeach #millionaire @dustin.nero @yachtlifeapp @thirdactmedia @douglasellimansouthflorida

A post shared by Jamen Krynicki (@jamen_krynicki) on Apr 4, 2017 at 2:52pm PDT

Featured Listing: Coconut Grove's Casa Positano Lists for $28 Million

Casa Positano, located at 3080 Munroe Drive has listed for $28 million, making it the second most expensive home in Coconut Grove behind Casa Bahia, which is now listed at $43 million, down from its original list price of $50 million. Casa Positano features 5 bedrooms and 5 bathrooms over 7,000 SF. It was designed by Rafael Portuondo with interiors by Nikki Baron. It also features over Jerusalem limestone, mahogany floors, a gourmet kitchen, smart home technology, and 300' of waterfront on Biscayne Bay, outdoor entertainment area with a pool, coral stone deck and Ipe wood dock. Photos and listing by The Jills of Coldwell Banker Real Estate. 

Construction Update: One Thousand Museum Passes Halfway Point, On Track for 2018 Completion

One Thousand Museum by Zaha Hadid Architects, has passed the halfway point for the 62-story building which is on track for delivery in 2018. The building will be Zaha Hadid's first residential skyscraper in the western hemisphere and is being developed by Louis Birdman, Gregg Covin, Kevin Venger and the Regalia Group with Plaza Construction as the general contractor. The tower will be among the tallest residential buildings in Miami and required a deep foundation that drilled to a record of over 170'. One Thousand Museum's design features an exoskeleton design which acts as the buildings structural support. This allows the developer to remove columns from the units, creating expansive glass views of Biscayne Bay. 

One Thousand Museum is over 50% sold and required over a $450 million buildout. The tower will feature only 83 units ranging from $5.5 million to over $20 million and 4,600 SF to over 10,000 SF. Amenities will include Miami's only private rooftop helipad, state-of-the-art fitness center, spa, two pools, indoor aquatic center, and a sky lounge.

Check-out our coverage of One Thousand Museum closing on their $225 million construction loan in December. 

Tour The Tropical Modern Coconut Grove New Construction Home Listed for $3.185 Million

A tropical, modern oasis located at 4214 Anne Court in Coconut Grove has cut its price to $3.185 million for the 4 bedroom, 5.5 bathroom, 5,354 SF home. The new-construction home features the finest finishes include natural limestone, wood flooring, bamboo ceilings, a Mia Cucina kitchen, Creston smart home technology, a heated saltwater pool, jacuzzi and an outdoor spiral staircase. 4214 Anne Court is currently listed with Hilda Jacobson and Barbara Estela of Douglas Elliman Real Estate.