6410 North Bay Road, Miami Beach, FL 33141

While perusing the residential real estate inventory on Miami Beach, I came across this fantastic home which was reduced by $1M today!  Located on very prestigious upper North Bay Road, and home to celebrities like Ricky Martin, Calvin Klein, and Matt Damon, this estate has five bedrooms, 5,000 interior sq. ft., and a 24,000 sq. ft. lot according to Elliman Florida, the listing broker.

For boaters, the property has 100 linear feet of deep-water frontage with new dock.

Built in 1949, this home exudes old Hollywood glamour and features a traditional layout, updated kitchen, and spectacular wide-bay views.

$4,995,000

Sound nice?  It is.

Click here for more info and pictures on 6410 North Bay Road, Miami Beach

To view all waterfront properties available for sale on North Bay Road, click 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.

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

I’ve done a round-up of all the short-sales, foreclosures, and bank-owned luxury condos in Miami Beach.  I’m sure there are more, but not all of these types of properties get listed in the MLS, which is what I’m using for my source.

First off, AQUA Allison Island Condos has four units available for sale:

1. 6103 Aqua Avenue #201 - 1/1.5, 1380 sf, $369,000
2. 6103 Aqua Avenue #901 - 4/4.5, 2766 sf, $1,200,000 (no balcony)
3. 6103 Aqua Avenue #704 - 3/3.5, 2203 sf, $970,000
4. 6103 Aqua Avenue #601 - 3/3.5, 2203 sf, $899,900

Next, Murano Grande in South Beach, has three condos listed for sale:

1. 400 Alton Road #2309 - 2/2, 1437 sf,  $874,900
2. 400 Alton Road #2209 - 2/2, 1437 sf, $850,000
3. 400 Alton Road #605 - 2/2, 1437 sf, $850,000

The Green Diamond Condo in Millionaires’ Row has two units:

1. 4775 Collins Avenue #1804 - 2/2 + den, 1550 sf, 2 parking spaces, $765,000
2. 4775 Collins Avenue #1505 - 2/2, 1380 sf, $750,000

Bel Aire on the Ocean in North Beach has one unit:

1. 6515 Collins Avenue #703 - 2/2, 1126 sf, $630,900 

6000 Indian Creek in Millionaires’ Row:

1. 6000 Indian Creek #1801 - 2/2, 1300 sf, $650,000  

Oceanside Plaza in Millionaires’ Row:

1. 5555 Collins Avenue #16Y - 2/2, 1350 sf, $470,000

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