In today’s market there have been great buying opportunities in luxury oceanfront condos as they go through their completion phase. Buyer’s/investors that bought in several years ago, that do not want to close will offer their units at deeply discounted rates. Furthermore the developer will take back some units that they do not want to keep in inventory and they will price these units aggressively as well. This scenario is exactly what transpired recently at One Bal Harbour and at Canyon Ranch. Timing was exactly right for savvy buyers that took advantage of these opportunities and bought in to magnificent oceanfront condos at very attractive prices.
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I anticipate that at the Mei, there will be similiar buying opportunities as well.
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Prices at the Mei Start at the low $700’s. There will only be a total of 134 residences, 8 per floor. with a total of 22 floors.
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The Mei located at 58th and Collins in Miami Beach is in the premium area of “Millionaire’s Row” . Nearby oceanfront condos include Bath Club, Canyon Ranch, Aqua and the Fountainbleu. Mei is midway between South Beach and Bal Harbour and minutes from the airport expressway.
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Mei is a contemporary Asian influenced design. Created by the world renowned Hirsch/Bedner team of interior design, creators of the Mandarin Oriental Hotels around the world. Mei’s elegant entrance lobby is complemented by a unique Tea Lounge and Library, as well as the resident’s Spa and Fitness Center which leads to the oceanfront pool.
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Detailed Information on the Mei In Miami Beach at 5875 Collins Avenue, click here.
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Tags: luxury oceanfront condo, Mei-Miami Beach, miami oceanfront condo, New Miami Beach construction, oceanfront condo buying opportunity, south florida oceanfront condo
