Along with the slight change in temperature in South Florida, we are seeing an increase in phone calls and emails as buyers prepare to come to Miami Beach, Fort Lauderdale and the South Florida coast. Season is starting and buyers are coming ! Since 2005, South Florida oceanfront condos and homes in key locations experienced quite a ride. As we all know, over the past couple of years we went from having a healthy inventory and decrease in prices, to a slow and at times, undistinguishable increase in sales. But that all changed and became very noticeable in 2012. In 2012, sales for oceanfront condos have been increasingly strong. Today, prices are reflecting the natural laws of supply and demand.
The unique quality about South Florida is that the demand is on going and is expected to continue along this path. This market continues to appeals to buyers from all over the world. We have ideal weather, outstanding beaches, great dinning, cutting edge design influences, the yacht capital of the world, a multitude of public and private premier golf courses, very accessible international airports and the list goes on and on. As the frost appears in northern climates, the attraction to South Florida increases. Buyers looking for oceanfront condos and or homes in key locations will find wonderful properties at today’s prices which based on the continual strong demand present the right factors for upside potential.
Let’s take a look at a few great oceanfront condominiums along the coast in South Florida, on the market in Miami Beach, Sunny Isles, Bal Harbour, Hollywood/Hallandale Beach, Fort Lauderdale and Boca Raton. These condos are no older than 2005 construction.
Along the coast prices per square foot range from the $500’s-to well over $3000 per square foot, with the exception of a listing at the Setai which is over $5000 per square foot.
Miami Beach-The Caribbean
37th and Collins unit N505
Desirable location Art Deco style building.
1620 Square Feet
2 bedroom 2 and 1/2 baths
Asking price: $1,150,000- $709 Sq. Ft.
Bal Harbour- One Bal Harbour–
102nd and Collins Unit 406
Exclusive community- Prime location
2009 Square Feet
2 bedroom 2 and 1/2 baths
Asking Price $1,749,500- $870 Sq.Ft.
Sunny Isles-Turnberry Ocean Colony
Exceptional luxury building and spacious condos
2235 Square Feet
2 bedroom 2 and 1/2 baths
Asking price $ 1,975,000- $883 Sq. Ft.
Hollywood Beach- Diplomat Oceanfront Residences
As I have written many times, Hollywood/Hallandale Beach is where you will find the best opportunities based on $ per square foot basis
S. Ocean Drive- Unit 1601
3178 Square Feet
3 bedrooms 3 and 1/2 baths
Asking Price $1,799,000-$566 Sq. Ft.
Fort Lauderdale- Las Olas Beach Club
Located in the heart of Fort Lauderdale Beach
Unit 1602
2378 Square Feet
3 bedrooms 3 and 1/2 baths
Asking $1,375,000- $578 Sq. Ft.
Boca Raton- Luxuria
Exclusive Boca Raton offers a very limited supply of newer luxury buildings.
Luxuria is a small ultra luxury building with only 26 residences.
Villa One is offered finished and furnished, turnkey.
6,594 Square Feet
4 bedrooms 5 1/2 baths
Asking $4,900,000-$743 Sq. Ft.
Each buyer that we work with has their own specific criteria. Whether it is location, size, number of bedrooms or view there are options all along the coast. The season has started and I expect that by March those units I have identified will be sold!
Tags: miami oceanfront condos
