One of the hottest vacation spots! Bora Bora! Enjoy the view!

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August 19, 2016 · 10:18 am

Featured Property of the Day: 22211 S.W. 99th Ct, Cutler Bay, FL 33190!

HOTTEST DEAL IN LAKES BY THE BAY! PERFECT HOUSE ON A WONDERFUL CUL DE SAC. PHENOMENAL FAMILY COMPLEX FEATURING A SPECTACULAR POOL DECK, TENNIS COURTS, JUNGLE GYM, PARK, LAKE & MORE. PICTURESQUE SETTING ON GORGEOUS, QUIET TREE-LINED STREET. THE HOUSE IS DIVINE. IMMACULATE BACKYARD & PATIO FOR BBQ’S WITH NO LANDSCAPING NECESSARY. GREAT WALK-IN CLOSETS, 3 SPACIOUS BEDS & 2 SLEEK REMODELED BATHS. INCREDIBLE UPGRADES ABOUND INCLUDING NEW STAINLESS STEEL KITCHEN, A/C, WASHER/DRYER, ELECTRIC WATER HEATER & MORE

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Looking up: Developers raise ceilings to fetch higher prices! SWEET!

Realtor.com data show condos with ceilings 12 to 15 feet high command very tall prices per square foot

Interior at 111 Murrary Street in Tribeca

Interior at 111 Murray Street in Tribeca

From the New York site: Who said size doesn’t matter? In the race for bigger and better amenities, developers are commanding a premium for high ceilings and windows.

For example, a Fisher Island penthouse with 18-foot ceilings and 6,644 square feet of living space changed hands this year for $21.5 million, or $3,236 per square foot, the highest price per square foot ever recorded on the island.

Peter Zalewski of Miami-based condo development monitor Cranespotters, told the Wall Street Journal that price per square foot usually declines as condo floor space increases, but some developers of high-ceiling condos are doing the opposite because they “are thinking in cubic feet.”

Buyers are more than willing to fork over larger sums for units with ceilings rising 11 feet or higher, according to an analysis by listing website Realtor.com cited by the Wall Street Journal. Developers who raise the ceiling to 10 or 11 feet from a more typical eight or nine feet may ask an average premium of 50 percent on a square foot basis. (For example, the average listing price can jump to $1,550 per foot from $1,036 per foot.

Units with ceilings between 12 and 15 feet high can ask a premium of 76 percent over their standard counterparts, according to the analysis.

In New York, condos with ceilings between 12 feet and 15 feet had an average asking price of $3,700 per square foot. Ceiling heights in that range tend to be in pricier, amenity-laden new developments, according to the Journal.

Eric Rogen, a buyer at Witkoff’s 111 Murray, which has 11-foot-high ceilings, said he was willing to pay a premium for the higher ceilings.

“I can sense the difference from nine to 11 feet,” he told the newspaper.

Since each foot can cost developers 5 percent to 10 percent more to building, the tallest ceilings are typically found on higher floors, where developers are already looking to squeeze out the most value.

_TRD

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Wishing everyone a great weekend LIVE from the Miami Beach Setai!

Boy, do we live in a gorgeous city! If you don’t live here, YOU SHOULD! Call us today!😉

 

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Building of the week: Echo Aventura!

3250 NE 188th Street Aventura, FL 33180

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Echo Aventura Overview

• 190 luxury residences on 5 acres of Aventura waterfront • Conceptual design by Carlos Ott and Yabu Pushelberg interiors in a first time collaboration • Direct elevator access • Bayfront Infinity-Edge Pool with views of the Atlantic Ocean • 4,000 square foot fitness center with state-of-the-art gym and yoga room • Resort-style poolside service/breakfast and lunch room • Private cooled storage space for all residents • Two private porte-cochere entrances • Atrium event room with floor-to-ceiling windows accessible by dedicated glass elevator • Unique furniture packages curated by Avenue Road • Two assigned garage parking spaces within steps from your private elevator • 24-hour concierge service with on-line accessibility • 24-hour valet and covered self parking • 24-hour guarded entrance with security attendant • Daily poolside breakfast for all residents • Pet walking services • Poolside and fitness center services • Apple® Home Technology included in all residences • Floor-through residences featuring unobstructed water views • Each residence offers a bayfront terrace with summer kitchen • Individual unit access and direct elevators • Ceiling heights ranging from 10’ to 14’ with floor-to-ceiling windows • Private service suites with bathroom • Grand master his and hers walk in closets

 

For more information contact Howard Chase Real Estate at 305.532.7470 for all inquiries.

 

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The 10 most expensive homes for sale in Miami Beach! Call us today for a tour of any of these luxurious locations! 305-532-7470

In the latest edition of “Why South Beach isn’t a real place,” we learn there are a whopping 12 homes for sale listed at $30 million or above.

From elegant condominium penthouses to newly constructed waterfront mansions, let’s take a tour of the ten most expensive homes on the market in Miami Beach, which of course entails some fantasy islands named Star, Palm, Hibiscus, and Fisher.

[UPDATE 8/5: 30 Palm Avenue, 90 Alton TH4, and Palazzo Del Sol PH2 are now off the market. 321 Ocean Penthouse reduced in price from $53 million to $47.5 million. 1 Star Island Drive dropped in price from $40 million to $37 million. 212 West Dilido Drive got a price chop, dropping from $35.9 million to $32 million. 5050 N Bay Road reduced from $33 million to $29.5 million. Additions to this map include 100 La Corce Circle, 7002 Fisher Island Drive Ph2, and 252 Bal Bay Drive]

1 Faena House Penthouse

$55,000,000

The Faena Penthouse currently owned by Kenneth Griffin was purchased with the unit directly below it for $60 million last September. Both units returned to the market in January asking a combined $73 million.

3201 Collins Ave
Miami Beach, FL 33140

2 321 Ocean Penthouse

$47,500,000

The 321 Ocean penthouse hit the market in December, encompassing the ninth and tenth floors of the glassy ultra-luxury building. It has four bedrooms, seven bathrooms, and a private rooftop terrace.

321 Ocean Dr
Miami Beach, FL 33139

3 100 La Gorce Circle

$39,000,000

This waterfront single-family home last sold for $11 million in 2012, but after a four-year renovation with over $5 million in upgrades, it’s now on the market for more than triple its last price. Some of the most luxurious features in this home include a 500-foot seawall, Olympic pool, and clay tennis court.

La Gorce Dr
Miami Beach, FL

4 7002 Fisher Island Drive Ph 2

$38,500,000

This seven-bedroom penthouse comes with over 9,700 square feet of space, panoramic views of the ocean, and a private rooftop pool with a jacuzzi. According to the listing, some of the building’s amenities include access to private island dining, golf, tennis, and a spa.

7002 Fisher Island Dr
Miami Beach, FL 33109

5 1 Star Island Drive, “Nina’s Villa”

$37,000,000

The Estefans put 1 Star Island on the market for $40 million last spring. It features seven bedrooms and 240 feet of waterfront.

1 W Star Island Dr
Miami Beach, FL 33139

6 252 Bal Bay Drive

$36,000,000

Award winning architect Chad Opennheim designed this residence with 13,500 square feet of space, a spacious outdoor pool, and floor-to-ceiling windows.

252 Bal Bay Dr
Bal Harbour, FL 33154

7 5004 North Bay Rd

$35,900,000

This spec home for sale on North Bay Road named “Sesto Senso” is owned by Chicken Kitchen founder Christian de Berdouare, the man who also owns the now demolished residence formerly owned by Pablo Escobar. It features a rooftop swimming pool.

5004 N Bay Rd
Miami Beach, FL 33140

8 4555 Pine Tree Drive

$34,000,000

Here we have the amazing home on Pine Tree Drive equipped with the famous 43-foot concrete water slide hidden by a glass staircase.

4555 Pine Tree Dr
Miami Beach, FL 33140

9 Address Not Available

$32,000,000

With 100 feet of water frontage, this smart home comes with a movie theater, “pet room,” staff quarters, and four-car garage.

Miami Beach
FL 33139

10 212 West Dilido Drive

$32,000,000

The tropical modern home Casa Clara on the Venetian Islands is a stunner with seven bedrooms and 11 bathrooms.

212 W Dilido Dr
Miami Beach, FL 33139

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Featured Property of the Day: 1725 James Ave 25, Miami Beach, FL 33139! ONLY $1,500! Hurry wont last!

TOP FLOOR, CORNER UNIT! ALL TILE FLOORS, LIGHT AND BRIGHT, AND FANTASTIC SPACIOUS FLOORPLAN! GREAT PATIO TOO. ABSOLUTELY PERFECT LOCATION, JUST 1 BLOCK FROM THE BEACH AND 1 BLOCK FROM LINCOLN ROAD! ASSIGNED AND COVERED PARKIKNG INCLUDED. EASYT TO SHOW, WILL GO FAST ..

CALL US TODAY! 305-532-7470

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