South Beach Condos Blog

Ok off the heels of last week’s wildy successful “Great Deals” post, I decided to make it a regular here at the SBCB.  Some of these condos may or may not be in foreclosure or bank-owned.  I truly believe that the best deals are out there, it’s just that they are being overlooked because many people’s eyes light up when they hear foreclosure or short-sale.  Word to the wise:
short-sales and foreclosures are not always the best buys.  Don’t tell me I didn’t warn you!

Blue Diamond:

4775 Collins Avenue #3106.  Best buy for a 1/2 + den on a high floor.  Bank-owned.  Have at it!

Check out all Blue and Green Diamond condos for sale here

Canyon Ranch Living Miami Beach

6801 Collins Avenue #1405. $1.2M.  Incredible flow-through unit with east, south, and west exposures.  This deal is almost too good to be true.  AAA building with a great future!

6801 Collins Avenue #2006. $837K.  LPH unit on the 20th floor.  2/2 split floor plan.  Western views of Miami Beach and downtown Miami.  Huge terrace.  See for yourself.  Great price point to be in this exclusive resort.

Check out all Canyon Ranch Living Condos for sale here

The Floridian

650 West Avenue #1008. $599K.  3 bedroom/2 bath with 1191 sq. ft.  in newer bay front building in South Beach.  Haven’t seen these numbers in a while.  Bank-owned

AQUA Allison Island Condos

Gorlin Building: 6101 Aqua Avenue PH 11B.  $1.999M
Spectacular two-level penthouse in super desirable Gorlin building. Unit is drop dead! 2800 +/- interior sq. ft. with 20 ft. glass atrium and rooftop hot tub. Make offers.

Click here for all available condos for sale in AQUA Allison Island.

One Bal Harbour

10295 Collins Avenue #909. $2.25M. Incredible direct oceanfront northeast corner in the most talked about building on Miami Beach and Bal Harbour. Quality, finishes and amenities unrivaled by ANY luxury building in South Beach or Bal Harbour!

Click here for all available condos for sale at One Bal Harbour.

So Miami and Miami Beach were front and center today on CNBC and the Today Show. I brought together video segments from today’s coverage for my readers. I’ll let the videos, good and bad, do the talking.

Here’s my official comment on the Miami real estate market:

The developers did overbuild, thus creating an oversupply, but is that such a bad thing? A wound was created on the Miami real estate market by the gold rush mentality of the real estate developers, and it is ok. Do you know why it’s ok? Because the wound will heal and Miami will still have the sexy allure that NO other city in the US has.

As many of you may know, I tell the good AND the bad. I was watching the Today Show and they did a GREAT segment on Miami and our unprecedented growth as a city, and why all will, eventually, be ok.

Also, one thing I would like to clarify: Miami and Miami Beach are two completely different markets. Comparing Miami real estate to Miami Beach real estate is like comparing the Upper East Side of Manhattan to the Bronx.

The CEO of my firm, Ron Shuffield, was interviewed by Carl Quintanilla of CNBC. The subtitle for the segment is: One can buy five condos on Miami beach for the price of one in Manhattan, reports CNBC’s Carl Quintanilla. They were clearly talking about Miami condos NOT Miami Beach or South Beach condos.

Search Miami Beach real estate here

I’ve been thinking about the idea of having a regular post that highlights what I feel are really great real estate buys here in Miami Beach.  There is no exact science that goes into selecting them, just my intimate knowledge of each building and their respective values.

Miami Beach Condo Buys

ICON South Beach:  450 Alton Road #1601.  This is a three bedroom corner unit with southwest exposure.  It was reduced to $1.59M from $1.9M on 1.24.08.

Canyon Ranch Living Miami Beach Condo Hotel:  6801 Collins Avenue #C 404.  This direct oceanfront condo-hotel unit at $875K is a steal.  Most of the one bedroom condo-hotels NOT on the ocean are in this price range.

Green Diamond:  4775 Collins Avenue #1804.  2/2 + den has been converted to a three bedroom.  Two parking spaces.  Short-sale.  Need I go on?  $589K

1500 Ocean Drive:  1500 Ocean Drive #504.  Great unit with great ocean and Ocean Drive views in South Beach.  AAA building.  Bank-owned.  $1.2779M

La Gorce Palace:  6301 Collins Avenue #TS 7.  Penthouse-level unit (32nd floor) with 9 feet ceilings.  Beautifully updated.  Best value in oceanfront building.  $649K

Bath Club Miami Beach:  5959 Collins Avenue #1503.  3640 sq. ft. of luxury.  Priced very well for height of unit and view.  AAA building with spa-like amenities.  $2.399M

Finally, the wait is over.   Apogee South Beach, destined to become Miami’s most prestigious condominium, is here.  Closings began a few weeks ago and sources say that approximately 40 percent of the units are closed.

I’ve been looking forward for Apogee to be completed.  I recently toured the building with my clients and their design and architectural team.  During our conversation, a comparison was made between Apogee and a Park Avenue-type building.  The designer quickly responded “Park Avenue should be this nice.”  

The summer kitchen, a bare necessity

The master bath at Apogee South Beach.

Click here to view more pics of Apogee South Beach

Click here to view available condos for sale at Apogee South Beach at 800 South Pointe Drive, Miami Beach