Caribbean Condos South Beach Bulk Deal Selling Out Fast

Caribbean Condos South Beach The Real Estate Channel reported this week that the Caribbean Tower South Beach bulk sale (August 2009) is showing great 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 both 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 are now selling from $550-650 psf many of which are under contract today. Prior to 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.

South Beach luxury condos – Last 90 day comp sales report Caribbean Stat Report

Caribbean Condos for Sale | Caribbean Condos for Rent

About Ashton Coleman

Ashton is a tech & social media savvy professional who understands the industry providing white-glove service with a wealth of experience, an impeccable reputation, and a keen ability to efficiently handle all facets of real estate. Ashton’s territory has grown significantly since 2002, marketing & selling extraordinary South Florida coastal real estate from Miami Beach to Lighthouse Point. A Certified Luxury Homes Marketing Specialist (Million Dollar Guild), with a multitude of other residential certifications, Ashton provides both exceptional service and unique selling techniques. His success is attributed to an unparalleled work ethic with years of experience including top-tier professional services where the ‘art of the deal’ is mastered in contract negotiations, deal-making intricacies and the end, results-driven real estate.

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