2018 – The Year to Purchase a Condo in Miami

Oceana Bal Harbour

According to ISG World’s 2018 Market Report, now is the opportune time to purchase a condominium in Miami. Why? With the pipeline of new construction decreasing and over 900 people moving to Florida each day, inventory of completed and under construction developments will run out soon. In fact, the report found that 94 percent of completed condos and 77 percent of condos under construction have sold, while only 35 percent of pre-construction condos have buyers lined up.

Brickell City Centre’s REACH and RISE
REACH and RISE, two sleek, 43-story premier luxury condominium towers atop of $1.05 billion landmark Brickell City Centre (BCC), continue to raise the standard of urban living. Offering the ultimate live, work, play lifestyle all within commercial distance, owners at REACH and RISE are able to enjoy to move-in ready residences with top-of-the-line fixture packages and exceptional amenities including on-premise concierge services, a half-acre amenity deck with heated lap and social pools, poolside café service, Hammam spa, a state-of-the-art fitness center, library, a tech-savvy children’s playroom, entertainment suite, tea room and more. BCC’s “city within a city” continues to remain popular amongst U.S. and international buyers with inventory available and units starting at $650,000 and penthouses prices available upon request.

Oceana Bal Harbour (pictured)
One of the most elite addresses in all of South Florida, Oceana Bal Harbour, features 240 artful luxury residences ranging between $3 million to $30 million. The property is considered “one of the most successful projects of Miami’s current real estate cycle” and has an estimated $1.3 billion sellout, which would set a record in South Florida.  The 28-floor all-glass building is more than 80 percent sold and offers residents 5-star, resort-style amenities such as: a 24-hour concierge service, a gourmet residents-only restaurant, Ballerina, run by Toscano Divino, a WTS-operated world-class spa, valet parking, private climate-controlled cabanas, a relaxation pool and Olympic-style lap pool, a grand salon with chef’s kitchen and bar, a kid’s activity room, a cinema, underground parking, and more. It’s most popularly known for its incredible museum-worthy art collection, co-owned by the residents, which includes two larger-than-life Jeff Koons sculptures Pluto and Proserpina and Seated Ballerina, one of Koon’s most recognized pieces, with its most recent iteration as a sky-high balloon sculpture in the middle of Rockefeller Center. The collection also includes masterworks by internationally acclaimed artists Callum Innes, An Te Liu, Jorge Mendez Blake, Taryn Simon, Juan Usle and Garth Weiser.

The Ritz-Carlton Residences, Miami Beach (Slated for Completion this Year)
The Ritz-Carlton Residences, Miami Beach, celebrated Italian architect Piero Lissoni’s first full-scale architectural project in the United States, is the only residential development with over seven-and-a-half-acres in Miami Beach. Owners will have full access to The Residences’ distinctive selection of world-class hotel-style, life-enriching features such as, the world’s first residential art studio and upscale sharing room, $2.5 Million-dollar lobby with a $500,000-dollar staircase, navigable marine helipad, 36 private boat dockages and private on-site captained day yacht, half-acre rooftop pool deck with private cabanas (rare for Miami!), pet grooming facilities, open air yoga studio, private cinema-style screening room, meditation garden and more! The one-to-five-bedroom homes range in size from 2,000 to over 10,000 square feet, are priced from $2 million to over $40 million and slated for completion this year.

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