South Florida by the numbers: Focus on boutique condos

Miami /
Oct.October 20, 2016 11:30 AM

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

In the world of Miami condo development, small is the new big. After years of pushing sky-blotting skyscrapers as the standard for new projects, many developers have dramatically shifted gears in the direction of smaller, more manageable buildings.

The reasons behind this change vary, but the consensus of opinion seems to be a desire to target buyers who are more comfortable in single family homes (and more accustomed to privacy), as well as reduced risk and overhead costs for the developers themselves. Many of these new “boutique” projects challenge their much larger competitors in terms of luxury and amenities, and allow architects to explore more creative design approaches.

Is this boutique trend just a short-term fad, or a genuine movement in modern Miami living? Let’s explore in this boutique condos edition of “South Florida by the numbers.”

8 units: at Beach House 8, a 10-story project at 3651 Collins Avenue in Miami Beach, developed by Ugo Colombo and Valerio Morabito. The project’s $14 million penthouse was purchased this summer by Brazilian entrepreneur Mario Garneo. [TheRealDeal]

9 units: at Kasa Bay Harbor, a seven-story, nine-unit condo at 1125 97th Street. It’s the first South Florida project for developer Vomed LLC. The project, where prices range from $949,000 to $1.75 million (or from $428 per square foot to $500 per square foot), is part of a surge of new development on the once-sleepy Bay Harbor Islands neighborhood. [TheRealDeal]

11 beach houses: for sale at Eleven on Lenox, at 1030 15th Street in Miami Beach. Developed by the Shoma Group, the project is within walking distance of popular shopping and dining attractions, as well as the museum and art district. Designed by Zyscovich Architects, the beach houses start at just under $3 million and range in size from 4,403 to 4,669 square feet – excluding outside terraces and balconies. [Miami Agent Magazine]

12 units: for sale at Louver House, in Miami Beach’s South of Fifth neighborhood. The project is Mast Capital’s first foray into development, with units in the three-story building priced from $1.9 million to $3.5 million. The units range in size from 2,088 to 2,432 square feet, and are designed by architect Rene Gonzalez. [TheRealDeal]

26 residences: at The Fairchild Coconut Grove, a boutique luxury condominium at 3581 East Glencoe Street being developed by ROVR Development. With two- to four-bedroom residences ranging in size from 1,700 to 4,200 square feet, and with prices ranging from $1.4 million to $4.5 million (or starting at about $823 per square foot), The Fairchild is scheduled to break ground in early 2017, and is currently the only waterfront development being built in Coconut Grove. [TheRealDeal]

This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.


Related Articles

arrow_forward_ios
Sean Hannity with 9 Sloans Curve Drive (Getty, Google Maps)
Palm Beach green-lights addition for Sean Hannity’s oceanfront townhouse
Palm Beach green-lights addition for Sean Hannity’s oceanfront townhouse
404 East Coconut Palm Road in Boca Raton (Google Maps, Getty)
Waterfront Boca Raton spec mansion sells for $19M
Waterfront Boca Raton spec mansion sells for $19M
211 Dunbar Road (Google Maps)
Good ROI? Wealth manager sells non-waterfront Palm Beach estate for $21M
Good ROI? Wealth manager sells non-waterfront Palm Beach estate for $21M
Estée Lauder and 144 Everglade Avenue (Getty, Google Maps)
Estée Lauder’s former Palm Beach estate gets designated historic
Estée Lauder’s former Palm Beach estate gets designated historic
Mount Vernon Company's Bruce Percelay and 210 Palmo Way, Palm Beach (Google Maps, Linkedin, Getty)
Boston real estate chief sells non-waterfront Palm Beach lot for $10M
Boston real estate chief sells non-waterfront Palm Beach lot for $10M
124 Brazilian Avenue (Google Maps)
VC head Robert Burch sells Palm Beach estate for $24M
VC head Robert Burch sells Palm Beach estate for $24M
Todd Glaser and Tarpon Island in Palm Beach (Google Maps, Getty)
Todd Glaser and partners list Palm Beach’s Tarpon Island for $218M
Todd Glaser and partners list Palm Beach’s Tarpon Island for $218M
Hiten Samtani, Pam Liebman, Mauricio Umansky, and Ryan Serhant
“The real pain hasn’t hit”: Top resi brokers talk pricing, crypto crash
“The real pain hasn’t hit”: Top resi brokers talk pricing, crypto crash
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...