Premier Condos of Bal Harbour & Sunny Isles Beach; Recent Sales Stats & Deals. Well, finally, a new blog post. I’ve noticed that even the elite bloggers of Miami are slowing down a bit on frequency. This could be due to sales and increased business in the last few months, which is my excuse, and I am blessed to be extremely busy with sales & rentals along Miami Beaches.
Condos of Bal Harbour
With this blog posting, I wanted to look at the superior oceanfront towers. To then see what has been selling in the last 90 days. We’ll also see what will sell in the next month. Suppose you look at the absolute best of the beaches from Bal Harbour North to Sunny Isles real estate.
In that case, there is only a handful of premier oceanfront residences based on personal preferences and tastes. One Bal Harbour Residences offers much for those seeking a modern development, with superior Inlet & Atlantic views. We see a total of 8 sales in the last 90 days (MLS Search) ranging from $1.550M (2229 SqFt) to $3M (5262 SqFt). The building’s average days on the market are 197 based on all 8 sales. There is an average selling price per square foot of $746. The average asking price per square foot at $955.
Today there are 37 One Bal Harbour condos for sale ranging from $599k (515 SqFt) to $6.5M (5262 SqFt), and there is 23% of available inventory. IMPORTANT NOTE: Regent One Bal Harbour operates the hotel suites (18 floors) from the western side. In comparison, the private residences on the Eastern One Bal Harbour tower (26 floors) are separate from the hotel entryway and pool. There is still full access to all amenities, including the SPA. There is a private entry and ocean-side pool for the residents.
Moving further North into Sunny Isles Beach, we see a superior development consisting of 2 Turnberry Ocean Colony towers and a traditional design with a connecting private restaurant, fitness center, SPA, and cocktail lounge. There are 130 private residential units 37 floors high. There have been 6 closed sales at Turnberry Ocean Colony over the last 90 days. The sold condos range from $1.975M (2772 SqFt) to $2.625M (3735 SqFt). There is 22% of available inventory. The buildings’ average market days are 279 based on all 6 sales. There is an average selling price per square foot of $739 and an average asking price per square foot of $783. Actively available residences range in price from $1.375M (2235 SqFt) to $4.8M (3735 SqFt). Just 10 blocks north of Turnberry Ocean Colony Condos are the new Jade Beach & Jade Ocean Towers, which is a blog post on its own.
Simply AMAZING! The architect has created an ultra-modern cutting-edge design and enabled smart features such as computer controls built into the residences, which handle all aspects from lighting to child care, dry cleaning & valet. Closing began, and the appraisers are succeeding on some and difficulties on the other appraisals. I am looking for sellers interested in selling as this condo is a career goal to work towards. Acqualina Sunny Isles Beach is a comparable property that need not be left out…More to Come! Here’s the video:
Average selling prices at Jade Beach Condos range from $750 to $800, while Jade Ocean supposedly ranges around $1000 to $1100 per square foot and is SOLD OUT as per developer with only a small count of defaults. I am certain that Jade Condos are here to set local area records, and 3-story penthouses must be worth $11M+ (I am guessing here). I’m seeing the smallest units appraising above sales prices. The larger units are coming up a couple hundred thousand short. i.e.) $2M appraisal with a $2.2M sales price. Based on outside comparables, these larger Jade Beach condo units are underpriced for the delivered product.
Why?... well the number one distinction is the gated entryway suitable for the Russian Mafia to feel protected. It’s one of the most secure buildings around. Here, you must be on “the list” just to make it to the elegant lobby. The second reason I like the Trump Palace and Trump Royale is the proximity to the new school (K through 8th). It is within walking distance of many retail outlets across the street. The third reason is privacy, yet access to the Resort Amenities next door at The Trump International Beach Resort.
The prices at Trump Palace & Trump Royale condos today are excellent, and we see 7 closed sales in the last 90 days ranging from $680,000 (1348 SqFt) to $1.240M (2143 SqFt). The building’s average days on the market are 105 based on 6 closed sales. We have an average selling price per square foot of $539 and an average asking price per square foot of $672. Active available units at Trump Palace range from $515k (1,197 SqFt) to $3.9M (4,200 SqFt), and there is 16% of available inventory.
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