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October 31, 2014 / Maggie Mercer / 0 Comments / Luxury Home Market

Top Luxury Condos on the Miami Market

Miami luxury real estate has been all over the news with some of the world’s most expensive properties coming on, and off, the market. New constructions are boasting incredible 5-star amenities, breathtaking views, and enough space to house a football team. The price-tags on some of them are astronomical, and they’re still selling. The duplex penthouse at Faena House sold for a “record-breaking sum” (undisclosed, of course) but it must have been in the ballpark of the $50 million asking price.  For  some buyers though, the need to wait for new properties to be move-in ready, or the $40+ million price tags just aren’t appealing.  But that doesn’t mean you’re out of luck. There are still several luxury condos currently on the market. They may not have all of the technological swag of the newest projects, and there may be some wear and tear from previous owners, but you might consider them as “bargain” properties (if $25 million is a steal in your opinion). According to a recent article from The Real Deal, here’s a look at the five most expensive condos currently on the market in Miami.

 

  • 10295 Collins Ave., Unit 2604 – One Bal Harbour, $30 million

5 Bedrooms/5 Baths/1 Half Bath

Square Feet: 7,779

PPSF: $3,856.54

Condo Fees: $8,613 per month

Real Estate Taxes: $183,983 (2013)

 

This penthouse boasts 360-degree views, a Lalique chandelier, more than $6 million in new build-outs and two private pools, and a sauna and hot tub. Previous owners only used this home a few times a year as a vacation home. This property is one-of-a-kind with better views than any other home in the famous Bal Harbour area.

 

  • 100 S. Pointe Dr., Unit 3602/3/4 – Continuum South Beach, $29.9 million

7 Bedrooms/6 Baths/1 Half Bath

Square Feet: 8,229

PPSF: $3,633.49

Condo Fees: $8,149 per month

Real Estate Taxes: $129,363 (2013)

 

This home is situated on the south tip of South Beach, overlooking the Atlantic Ocean, Fisher Island, and downtown Miami. The property is the product of combining three units to create “an estate in the sky with the most breathtaking views,” according to broker Jill Eber. The listing offers seven bedrooms, media room, wine cellar, and audio/video network with personalized touch panels in each room. Building amenities include a pool pavilion, spa and gym, tennis courts, rooftop infinity lap pool, and 24-hour gated security.

 

  •  1500 Ocean Drive, Penthouse – 1500 Ocean Drive Condo, $25 million

5 Bedrooms/7 Baths

Square Feet: 8,400

PPSF: $2,976.19

Condo Fees: $8,734.03 per month

Real Estate Taxes: $71,803 (2013)

 

Designed by renowned architect, Michael Graves, the location of 1500 Ocean Drive is “the most compelling and attractive component,” claims Alixa Castellanos, operations manager for the Eloy Carmenate Group at One Sotheby’s International Realty. The penthouse features double walk-in wine rooms, stone baths and Savant home technology. The home offers a  circular living room that encompasses a 270-degree ocean view, a 5,300-square-foot rooftop terrace and gardens, and a movie theater (the only one is South Beach actually).

 

  • 101 20th St., Unit 3307 – Setai South Beach, $22.5M

4 Bedrooms/4 Baths/2 Half Baths

Square Feet: 5,400

PPSF: $4,166.67

Condo Fees: $17,900 per month (estimate)

Real Estate Taxes: $143,000 (2013)

 

This property is comprised of five units that have been extravagantly renovated by the previous owner. The space was recreated by international designer Tui Pranich and has an entertainment area with a separate entrance to a private spa with sauna, steam room, massage room, and waiting area. In addition to the wrap-around balconies and stunning ocean view, there’s also a billiards room, 100-bottle wine storage, and a separate kitchen. And as an added bonus, the property comes with five valet parking spaces!

 

  • 1425 Brickell Ave., #54DEF – Four Seasons Residences, $21.95 million

5 Bedrooms, 6 Baths/4 Half Baths

Square Feet: 8,911

PPSF: $2,463.25

Condo Fees: $6,123 per month

Real Estate Taxes: $85,585 (2013)

 

This unique home was renovated by previous owner, Fred Drasner, former co-owner of the New York Daily News and the Washington Redskins, and is said to have brought a bit of Park Avenue to Miami. This three-unit combined home overlooks South Beach and Key Biscayne, but is located downtown. Special features include a million mosaic tile floor by Studium, a movie theate with a shelf system worth $5 million, an 1,800-bottle wine room, custom wood cabinetry by Dakota Jackson, two private elevators, and a hidden office located behind a secret door with a private third entrance.

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