Il Villaggio on Ocean Drive
Il Villaggio on Ocean Drive is arguably the best residential tower on South Beach. Owning the premier position at the northern parcel of Lummus Park and Ocean Drive, Il Villaggio offers the very best in services and amenities to its celebrity unit owners such as Jerry Bruckheimer which owns two combined Penthouses at Il Villaggio.
Today, there are 18 active Il Villaggio condos (18 out of 127 total units or 14%) for sale ranging from $900,000 to $13,900,000. 4th Q 2008 stats show Il Villaggio Condos average sales price $3.914M with an average price per square foot at $1,584. There are currently no Il Villaggio Condos under contract, however 5 sales did occur in 2008 ranging in sales price from $890,000 to $5.5M with an average sale to list price at 94%, average price per square foot at $1,527 psf and averaging only 104 days on the market! This is one of the only buildings that has held it’s own during trying times in the local real estate market. These Ocean Drive condo units have appreciated very well since it’s release in 1998.
South Beach & Ocean Drive
A very desirable Il Villaggio condo line is the Tower Suite 05 which rests on the SE Corner boasting superior wrap around views over South Beach, Lummus Park and Ocean Drive. Consisting of 2,306 Square Feet (+644 terrace space) and 3 bedrooms, 4.5 baths, this private corner line has only 1 available on the 14th floor (#1405 Click Here) with an additional option of combining the neighboring condo which is on the market for $5.595M and $2.990M respectively. Total Square Footage of the two combined Il Villaggio residences would be a massive 4,086 Square Feet. This Virtual Open House below showcases #1405 now ready for new ownership!
Il Villaggio Tower Suite 05 Floor Plan Available Upon Request.
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its amazing that their is financing still to build these sorts of developments. I really thought if your building was not out of the ground by now it wasn;t coming out of the ground