Canyon Ranch Miami Beach Condo and Condo Hotel Sales Activity

I have been involved in Canyon Ranch Miami Beach since its pre-construction days.  The changes and evolution over time have been quite amazing.  Before the hotel officially opened, the 6 1/2 acre property was a construction site that I became very accustomed to seeing.  Then overnight all the hotel furniture was delivered and the property became fully staffed the next day.  The official opening was not publicized greatly at that time but the change for us to see was very dramatic.  That official opening was not during peak winter months.  The progression of sales, rentals and hotel activity from opening day until now has been slow but consistent, reaching a very busy peak this past winter.

The property itself is like no other.  Just the physical footprint stretching over 6 acres provides an open, never crowded feeling.  The amenities are absolutely unmatched.  Exercise classes offered throughout the day, but not just your typical yoga and aerobics.  Classes such as Beach Conditioning,  Boxing Circuits, H2O Power Hour and Vinyasa Yoga are to name just a few of the daily choices. Beyond classes, there are lectures on nutrition, beauty and other topics addressing the mind, body and spirit. And of course, the incredible restaurant with healthy gourmet food.

And then there is the real estate.  Three towers, South Tower (including the Beach House) , Carillon Hotel Tower, and the North Tower.  The South Tower is just about sold out, and there have been numerous resales. The Carillon Hotel Tower consists of condo- hotel units and condos on the upper floors. The developer has slashed prices on condo hotel units and sales have been very brisk, with some investors buying multiple units at a time. The Condo Hotel Units can offer a continual revenue stream for the owners, yet access to use the unit as desired.  We have two units for sale that are one off the corner with direct ocean views and two balconies.  Unit C 506 and Unit C1006. These condo-hotel units are highly requested by hotel guests because of the amazing views and balconies. We also have one of the very few 2 bedroom suites available at a very aggressive price.  Unit C1018 is being offered for $539,000.

The more expensive North Tower is slowly being sold.

Sales activity has been steady and quite active.  Since December 1, 2009 there has been a total of 24 reported sales at Canyon Ranch between the Center and South Tower.  There may be lag from the time the sale closes to the time it is reported so this listing is as reported up until May 13th. There was one reported closed sale in the North Tower for $1,710,000. The developer has sold numerous units in the past 2 weeks that are not yet reflected in this list.

There is a very strong demand for South Tower direct ocean condo units that are priced well.  There is flow through floor plan, offering east and west views, 2 bedroom 2 baths with approximately 1500 Sq.Ft.  This floor plan is sought after by end users as well for a rental property that averages $5,000 monthly for rental income in season.   Unit 1105 (Our LIsting) is the only unit priced under $1million with this floor plan.  It is offered at $895,000 and is a finished out unit. There has been a tenant in the unit and we have not been able to show this property, but the tenant is leaving shortly and this will sell quickly.

The Beach House, which extends towards the ocean in front of the South Tower offers a variety of floor plans, but has a select number of oversized direct ocean units with spectacular views.   The developer units are just about all sold.

One of the best most desirable spaces available in the Beach House of the South Tower.  Unit S304. (Our Listing) It offers incredible direct ocean views with a corner wrap around balcony. The views and feeling of this unit are as if you are in your own private Beach House directly on the ocean.  2165 sq.ft. under air. This unit has just been reduced to $1,699,000.  This is an incredible property.  Over 2100 sq.ft., 3 bedrooms 3 and 1/2 baths  direct ocean views, in one of the most sought after luxury buildings in Miami Beach offered at $785 per sq.ft.

There are great buying opportunities for condo-hotel units in the center tower starting at about $300,000 for one bedroom completely finished suites.  The demand for hotel rooms and rentals of condos has been extremely strong this past winter.  As word of mouth and news coverage spread, people from all over the world have been attracted to Canyon Ranch Miami Beach because of the outstanding amenities and incredible property. We personally, do quite a lot of business at Canyon Ranch with our own listings as well as other properties available.  There is a one bedroom condo unit on the 11thfloor (our listing) 920 sq.ft., offered for $359,000.

Here is a link to all of our listings at Canyon Ranch.  On the right side of the page, click on Featured Listings. Here is a listing of all the Canyon Ranch units for sale

Canyon Ranch is a wonderful relaxing escape in Miami Beach and popularity continues to increase.  I anticipate that in the coming months sales activity will continue to increase.

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