Iris on the Bay launches sales at Normandy Shores

Iris on the Bay is offering 43 four-story townhomes under construction in Normandy Shores at a discount, with prices starting at $350 per square foot. That works out to $824,000 for the lowest-priced unit.

David and Jeff Spear of Spear Group, together with Braddock Financial, acquired the two-acre site in 2012, according to GlobeSt.

“In this cluttered and largely inflated market, we’re proud to bring a new product offering that answers the needs of the buyer and presents a tremendous value,” Jeff Spear said. The townhomes come fully-furnished with private elevators, balconies, rooftop terraces and two-car garages.

The project, located between South Beach and Bal Harbour, offers a waterfront promenade and 15 boats slips that can accommodate vessels up to 36 feet, an 18-hole golf course, tennis courts, a children’s playground, and green space. [GlobeSt.] – Christopher Cameron