Mei Miami Beach: Oceanfront Luxury for Less
These pictures are from the newly-opened Mei Miami Beach. “Mei” (pronounced “May-ee”) is an Asian “themed” (notice I put “themed” in quotes) condominium located at 5875 Collins Avenue in Miami Beach.
Ya’ll can go on and say whatever you like about Miami Beach real estate. If pics are worth 1000 words, then, “Alex, I’ll take “Mei” for 2000, please.”
Just a little note on the above photos- they were taken today, completely un-retouched and were not staged.
The developer recently reduced prices, substantially. I think that “Mei” may mean “value” in Mandarin (Oh man, I’m laughing so hard! I’m hot tonight!). Seriously, though, for the quality and location of this project–you’ll be hard-pressed to find a better deal on Miami Beach.
Check out condos for sale at Mei Miami Beach
PS Mother Nature really kicked it for Earth Day today! 😎
I’m a very connected guy. I don’t mean connected in a way where I know people (well, I do know people); but I like to keep my ear to the ground. I noticed that a lot of new listings were coming on the market at the Bath Club in Miami Beach, so I decided to run some numbers and see what was going on there.
In the last 30 days, 11 listings came on the market. That may not sound alarming but with only 112 units in the development, it certainly caught my attention. As of today, there are 36 units on the market, which represents 32% of the condominium. A balanced real estate market dictates that about 10% of the condominium’s units could be available for sale at any given time.
Next, I did some numbers of actual sales activity in the Bath Club:
Continue reading Bath Club Miami Beach: Crunching the Real Estate Numbers at 5959 Collins Avenue
Here it is:
Unit #501 is available for $999,000. This unit is completely finished and ready to move into.
Unit #901, which was a foreclosure, closed in June, 2007 in the Gorlin Building at AQUA at Allison Island for $1,065,000. The unit had a beautiful view and was unfinished.
So, for all who ask me about a “good deal,” here it is.
Miami Beach real estate, AQUA Allison Island, Gorlin Condos, Foreclosures, South Beach condos
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