“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Allan Kleer

Newest Condo Hotels open in South Beach

12-10-08
Allan Kleer

W South Beach Condo Hotel - Miami Beach, FL

In May of 2009, the spectacular 511-units W Hotel and Residences open in South Beach. Located directly on the ocean on prime oceanfront property, W South Beach Hotel offers the true experience of luxury living. With the interior designed by Yabu Pushelberg - W South Beach will complement its modern style with spectacular ocean views, terraces facing the pools, and steps from South Beach's famed nightlife.


A Paradise By The Ocean



W South Beach Hotel and Residences is a fantasy oasis surrounded by lush garden landscapes and breathtaking Atlantic Ocean views with the spectacular Bliss Spa, and a spectacular hotel comprised of 395 unique suites with ultra contemporary and luxurious décor. The W South Beach Hotel residences will also open in 2008 with over 500 condo-hotel suites ranging from oversized studio suites (just under 600sf) to large two bedroom suites (1200sf and larger) that rival most luxury condos in South Beach. There will also be a range of beautiful bungalows and penthouses, which will undoubtedly become the new “IN” place for South Beach’s “A” listers.

Gansevoort South Beach - Miami Beach, FL

The Gansevoort in South Beach, completed in mid-2008 and boasting a 50,000 S.F. state-of-the-art David Barton spa and fitness center, and residences with over 100,000 square feet of commercial retail space.

A 1920’s playground for the rich and famous is reborn as a magnet for trendsetters. Gansevoort South Hotel * Spa * Residences is the new southern outpost of New York City’s Hotel Gansevoort.

Gansevoort South boasts 334 guestrooms averaging over 730 sq ft. Sporting spectacular views of the ocean, bay, and shining city skyline, the guestrooms offer state-of-the-art technology, oversized bathrooms with separate shower and bath, and a blend of modern and dramatic design with suede walls punctuated by splashes of magenta and yellow, custom designed tables, sofas, lounge chairs and oversized mirrors in a range of materials from wood to leather.

Adding a playful air and a one-of-a-kind vibe to the spacious sun-filled rooms are custom 1930’s and 40’s style pin-up photographs. The 3,400 sq ft two master bedroom suite, the “Sony Cierge” suite features two balconies with ocean views, a gourmet kitchen and dining room, an entertainment room equipped with Sony’s finest electronics, Italian pool and fooseball tables, oversized jacuzzi baths and hand-picked custom designed furnishings.

Gansevoort South’s landscape showcases three oceanfront pools including a 110-foot rooftop pool, an expansive infinity-edge pool on the plaza level, a family friendly south pool, a mezzanine with private cabanas, and an exclusive oceanfront beach club. The outdoor areas are adorned with Gandia Blasco furniture, cabanas, and tee-pees which provide a perfectly unique setting.

With fine boutiques, restaurants, lounges and the first ever David Barton Gym + Spa spread over more than 100,000 sq ft of luxury retail space, few shopping, dining and entertainment experiences in Miami Beach compare to Gansevoort South. STK by The ONE Group and Philippe by Philippe Chow offer a combination of the sexy New York steakhouse and exquisite Asian cuisine, while the 50-foot long shark tank dramatically divides the hotel lobby and Opium Group’s exclusive VIP lounge, Louis.

The Gansevoort hotel in South Beach features a 50-foot long shark tank that divides the hotel lobby and Opium Group’s exclusive VIP lounge, Louis. Gansevoort South is a sun-drenched paradise with playful amenities, family friendly surroundings, indoor and outdoor activities, spectacular views and a South Beach oceanfront location that is second to none.

The Mondrian Condo Hotel South Beach - Miami Beach, FL

This ultra-contemporary condo hotel is uniquely situated in West Avenue of Miami Beach, with direct and spectacular views of the downtown Miami skyline and Biscayne Bay. The Mondrian opened its doors for business with a spectacular grand opening party in early December, 2008 (to coincide with Art Basel week as well).

The Mondrian South Beach marks the first hotel outside of the Netherlands designed by Marcel Wanders, one of Fast Company’s 2008 “Masters of Design.” Conceived by the famed visionary, residents and guests will live within a modern fantasy. Wanders inverts traditional design elements to create chic, dramatic living spaces. The hotel residences are furnished with original pieces from his design studio, where he produces everything - from lighting to flooring, including chairs, tables and sofas.
Exteriors offer entry to a magical world, including an oasis of lush gardens that include a glamorous outdoor bar, private cabanas created with curtains of living foliage, and even a tented children’s space with a sandbox and toys. Also envisioned by Wanders, the hotel will feature Morgan’s world-renowned Agua Spa, debuting an exclusive skincare line and several new treatments. Jeffrey Chodorow also presents the latest Asia de Cuba restaurant, bringing a vibrant, social atmosphere with innovative menus that incorporate the best of Asian and Latin cuisines.

Art Basel Miami Beach Clients to buy South Beach Luxury Condos

11-18-08
Allan Kleer

The most important event in Miami, Art Basel Miami Beach, will take place on December 4th - 7th, 2008.

Art Basel Miami Beach is the largest contemporary art show in the United States, as well as a cultural and social highlight for the Americas. It is the sister event of Switzerland's Art Basel, the most prestigious art show worldwide for the past 39 years, Art Basel Miami Beach combines an international diversity of the world's top Art galleries along with exhibitions, parties and crossover events featuring music, film, architecture and design. Exhibition sites are located in the South Beach Art Deco District, walking distance to the beach and most South Beach hotels.

An exclusive selection of more than 220 leading art galleries from North America, Latin America, Europe, Asia and Africa will exhibit 20th and 21st century artworks by over 2,000 artists. Most artists will be displaying at the Miami Beach Convention Center, and also and at various galleries in Downtown Miami's Arts District.

We have several buyers from Eastern Europe (and one from South America) that will be looking at purchasing among South Beach’s premier Condos (some of these asking prices have adjusted downward following the latest financial crisis). I’d like to take this opportunity to highlight a few of the premier turnkey condominiums offered for sale on the South Beach market:

Portofino Tower #PH4004- 2 Stories, 4,100 S.F., 5 beds / 4 baths
300 South Pointe Drive
Miami Beach, 33139
Original Asking Price: $6,575,000
Current Asking Price: $6,200,000 (6% reduction)
Portofino Tower Condo Portofino Tower South Beach

Portofino Tower - PH4004


Murano Grande #3003/4- 6,032 S.F., 5 beds / 5 baths
400 Alton Road
Miami Beach, 33139
Original Asking Price: $9,500,000
Current Asking Price: $6,900,000 (27% reduction)
Murano Grande CondoMurano Grande Condo

Murano Grande - #3003

Continuum South Beach- South Tower PH1- 3 Stories, 7,374 S.F., 5 beds / 7 baths 13’ Ceilings
100 South Pointe Drive
Miami Beach, 33139
Original Asking Price: $25,000,000
Current Asking Price: $14,950,000 (40% reduction)
Continuum South BeachContinuum South Beach Condo
Continuum South Beach - South Twoer PH 1

Apogee South Beach – 2001/2002-, 7,254 S.F., 7 beds / 8 baths 10’ Ceilings
800 South Pointe Drive
Miami Beach, 33139
Current Asking Price: $17,750,000
Apogee Condo kitchenApogee South Beach
Apogee South Beach - 2001/2002

IL Vilaggio PH 6 & 7 - 2 Stories, 5,700 S.F., 3 beds / 6 baths
1455 Ocean Drive
Miami Beach, 33139
Original Asking Price: $18,500,000
Current Asking Price: $13,900,000 (25% reduction)

Il Villaggio CondoIl Villaggio Miami Beach
Il Villaggio - PH 6 and 7

Icon South Beach #1801- 4303 S.F., 3 beds / 5 baths
450 Alton Road
Miami Beach, 33139
Original Asking Price: $5,900,000
Current Asking Price: $3,600,000 (39% reduction)
Icon South Beach CondoIcon South Beach condo
Icon South Beach - #1801

Murano at Portofino #3101 – 3,365 S.F., 3 beds / 3 baths
1000 South Pointe Drive
Miami Beach, FL 33139
Current Asking Price: $4,900,000
Murano Portofino South BeachMurano at Portofino

Murano at Portofino - #3101

Miami Beach Real Estate - The Time to Pick up Bargains is Now!

11-04-08
Allan Kleer

November has been a busy month for my team, as we've seen some strong buyer activity in Miami Real Estate from the so-called "Bargain Hunters." I've intentionally avoided weighing in on the technicalities of the financial crisis and the future impact of the Paulson Plan, as there are many more qualified sources out there to give readers their analysis. With some stability returning to the banking sector, more buyers are looking to invest in prime real estate properties, such as Miami Beach Real Estate, at a significant discounts. What's happening are that the properties in the best locations are being picked up now at prices that range from approximately 3%-50% discounted values from 2005 prices.

Waterfront homes (turnkey) in Miami Beach at reasonable prices are in surprisingly short supply, and these are the first of the “bargains” that have been purchased recently. For example, I recently conducted a search for a client with a budget of $5 Million looking to purchase a luxury waterfront home (remodeled) on the Venetian, Palm Island, Hibiscus, Sunset Islands or Bay Drive in Miami Beach. The real choices? Just twelve waterfront homes!

Also, a few of our latest sales are indicative of the above referenced “deals” that are happening now:

Jade Beach- Prime Location Sale #1
Spectacular Lower Penthouse #4401 “F Line”- 4 beds / 4.5 baths – 3,136 S.F.
Contract Price: $2,475,000 ($789/S.F.)
2005 Sales Price: $3,400,000 ($1,084/ S.F.)
Today’s Discount: 27%
• A spectacular 51-story oceanfront tower
• Designed by Carlos Ott and Fortune Development Int’l
• Beautiful entrance with cascading fountains, lush landscaped gardens, reflecting pools, and contemporary décor throughout
• Three-story Grand Entrance Lobby with direct ocean and pool views
• Located directly on the Ocean close to Bal Harbour Shoppes and Aventura Mall, as well as easy access to Miami and Fort Lauderdale International Airports

Jade Beach Condo Floorplan

Jade Brickell- Prime Location Sale #2 (Bank Owned / Pre- Foreclosure Sale)
Spectacular 43rd Story Residence “E”- 4 beds / 4.5 baths – 3,415 S.F.
Contract Price: $1,600,000 ($468 / S.F.)
2005 Appraised Value: $3,100,000 ($907 / S.F.)
Today’s Discount: 48%

Downtown Miami’s Most Luxurious & Lavish Building, the Jade Residences is a 49-story building offering 326 luxury residences with advanced technology. Spectacular Ocean and City Views, state-of-the-art security system, Infinity edge pool, Sauna, steam room, fitness center, European spa, racquetball, concierge services.
• 49 story architectural masterpiece designed by Bernard Zyscovich
• Distinctive three-tiered tower offering views of Biscayne Bay, Downtown Miami and Key Biscayne
• Grand entrance lobby graced breathtaking 21-foot ceiling with contemporary deco

Jade Brickell

South Beach Condos (South of Fifth)- Latest Closed Sales & Quick Market Update

08-21-08
Allan Kleer

Below are some highlights of closed condominium sales for the past 90 days for the more prominent South of Fifth Street buildings such as The Murano at Portofino, Murano Grande, Continuum North and South Towers, Apogee, The Portofino Tower and Icon South Beach.

A total of thirty one (31) condominiums sold and closed during this period with an average sales price of $2,185,000. The median price per Sq.Ft. was $908, with an average marketing period of 149 days. In EVERY case, these waterfront luxury condominiums were significantly price reduced.

ARE YOU SERIOUS ABOUT SELLING? - If you own a condo in South Beach (especially South of Fifth Street), and have had trouble selling, please call us for a free market analysis. I believe in telling it “straight” to clients (or potential clients), as wishful thinking will not carry the day in this real estate environment. However, we are still seeing strong demand and interest from buyers (especially Europeans) for premier waterfront condos in the area.

Once again, the market has shown that it rewards sellers who work with experienced, knowledgeable, detail-oriented, and top producing real estate salespeople. Thanks to aggressive and creative targeted International Marketing Campaigns, we have sold ALMOST our entire Residential listing inventory from the first half of 2008.

Below are a few of the more notable condo sales that have occurred in the over the past ninety days in the South of Fifth Street District:

Apogee South Beach

Apogee South Beach

4 beds / 3 baths 4,154 S.F.

Original List Price: $6,700,000 Sales Price: $5,500,000

142 days on Market, $1,324/S.F. Waterfront Corner Unit

Apogee South Beach

Apogee South Beach

4 beds / 3 baths 4,154 S.F.

Original List Price: $7,900,000 Sales Price: $7,300,000

147 days on Market, $1,757/S.F. Waterfront Corner Unit

Murano Grande

Murano Grande

3 beds / 3 baths 3,979 S.F. Home 3,979 S.F. Land

Original List Price: $4,850,000 Sales Price: $3,100,000

365+ days on Market, $779/S.F. Waterfront Corner Unit

Continuum I South Beach (South Tower)

Continuum South Beach

3 beds / 3 baths 2,954 S.F. Home 3,979 S.F. Land

Original List Price: $3,600,000 Sales Price: $3,100,000

471 days on Market, $1,049/S.F. Oceanfront Unit

Icon South Beach

Icon South Beach

3 beds / 3 baths 2,158 S.F.

Original List Price: $1,799,000 Sales Price: $1,450,000

365+ days on Market, $671/S.F. Bayfront Corner Unit

Portofino Tower

Portofino Tower

2 beds / 2 baths 2,040 S.F.

Original List Price: $1,625,000 Sales Price: $1,350,000

245 days on Market, $661/S.F. Unobstructed Views Bayfront

Murano at Portofino

Murano Portofino

2 beds / 2 baths 1,390 S.F.

Original List Price: $1,350,000 Sales Price: $1,150,000

258 days on Market, $827/S.F.

South Beach Sales Update

05-28-08
Allan Kleer

I'd like to give a quick market update as well as some commentary on the latest sales that my team and I have been involved with:

Condos

Murano Grande

Murano Grande #1906- $1,350,000 3 beds / 3baths ($667/S.F.)

Sold

Casablanca Villas (resale) #409 $250,000 1 bed / 1.5 bath ($280/S.F.)

Waterfront Single Family Home

Palm Island - 298 S. Coconut Lane $3,150,000 5 beds / 4 baths ($787/S.F.)

Once again, the market has shown that it rewards sellers who price their properties correctly, and (in a bit of shameless but true self-promtion!) when the marketing is handled by an experienced, knowledgeable, detail-oriented, and top producing real estate salesperson. Thanks to an aggressive AND creative targeted Marketing Campaign (we had an offer come in from St. Petersburg, Russia).

My advice to any seller today is to be working with an agent at the top of their field, and who will be a straight talker, positive but realistic, and follow-up with any and all potential buyers. I recently took two of my more motivated & loyal buyers to see waterfront and non-waterfront homes on Miami Beach that were being unprofessionally represented. I was left standing in front of three (of six confirmed appointments) homes where the agents failed to show up. In two of these cases, the agents called me THE NEXT DAY wanting to reschedule the showings! Needless to say, all six of these properties remain unsold (and are great deals!).