Which Oceanfront Condos Can You Buy for $1 Million in South Florida

There are opportunities to spend a $1 million dollars today on an oceanfront condo in some of the newest finest buildings along the coast. Some of the $1 million condos available include, the Continuum in South Beach, Mei Condominium in Miami Beach, Trump Towers in Sunny Isles, Beach Club in Hallandale, and Coconut Grove in Fort Lauderdale. Those examples take you from South Beach up the coast north to Fort Lauderdale.

What is the difference between a $1 million oceanfront condominium in South Beach at the Continuum and $ 1 million oceanfront condominium in Hallandale Beach? Location for starters. Real estate in South Beach, South of Fifth, is amongst the most expensive. The Continuum, consisting of the North and South Tower offers spectacular views of the tip of Miami Beach and Government Cut. The amenities are outstanding and its South Beach. Active Listings at the Continuum start at around $800,000 for a 638 square foot one bedroom pied-a-terre, and go up to a $35,000,000 11,000 square foot masterpiece. So what can you buy for $1million at the Continuum? On the 6th floor, 992 square feet one bedroom one and a half baths.

Different locations have different price points. When I work with buyers new to the market, we prioritize criteria in order of importance. If you are looking for large spaces and direct ocean views in and around $1 Million, South Beach is not going to work. Specific communities along the coast offer more favorable pricing. As one client said to me once,” its all the same ocean”.  The factors setting pricing for condominiums in South Florida on the ocean are:  location, building, size of unit, and view (direct ocean or other).

Moving up the coast to Miami Beach the Mei Condominium on 58th and Collins is an Asian inspired 2007 oceanfront condominium. For $1 million you can acquire a 1322 square foot unit with ocean and bay views.

Sunny Isles, north of Miami Beach, at Trump Towers, there are $1 million opportunties. 1979 square foot 3 bedroom 3 bath flow through unit with ocean and city views. Spacious and wonderful South Florida Views.

Beach Club in Hallandale Beach offers the best prices for a direct oceanfront large condominium in a new building. For under $ 1million you can have over 2000 square feet 2 bedroom plus a den with 3 full baths. That is great living space in a building chock full of amenities.

Coconut Grove is in one of the best locations in Fort Lauderdale on one of the most beautiful strips of sand.  Coconut Grove is a small boutique building with just 64 units.  This is a prime location and so on a dollars per square foot basis it prices will be higher than say Hallandale Beach but still less than South Beach. On a low floor there is a 1600 square foot unit one bedroom 2 and one half baths with ocean views. South east views could be converted to a two bedroom unit.

Each buyer that we work with has their own set of wants and needs.  In South Florida, our inventory of oceanfront condominiums offers a spectrum of options. There is condominium fit for everyone !

 

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