The Caribbean condos South Beach bulk deal is selling out fast! The Real Estate Channel reported this week that the Caribbean Tower South Beach bulk sale (August 2009) shows excellent returns for the investor that took on the risk. The bulk buyer, 3737 Caribbean Group LLC, has sold a combination of 35 units in the 107-unit complex consisting of two towers, the new 19-story tower and the original 35-unit Art Deco Caribbean. The bulk sale was reported to be between $50-55M, averaging $323-355 psf for each unit which is now selling from $550-650 psf, many of which are under contract today. Before this new positioning on price, the units were asking around $865 psf, so for South Beach real estate, there is a solid demand at these new values.
Caribbean Condos South Beach Development
Caribbean Condos South Beach is a luxurious condominium complex located in the heart of South Beach, Miami. It is within walking distance of the sandy beaches and the vibrant nightlife of South Beach, as well as many dining and shopping options.
The complex features a variety of one, two, and three-bedroom units, all with high-end finishes and features such as granite countertops, stainless steel appliances, and marble bathrooms. Many condo units also have private balconies with stunning views of the city and ocean.
Caribbean residents can enjoy various amenities, including a heated pool, fitness center, and 24-hour security. A business center and conference room are also available for residents to use.
If you’re looking for a luxurious and convenient place to call home in South Beach, Caribbean condos is definitely worth considering.
South Beach luxury condos – Last 90-day comp sales report.