There have been 14 units in the three to five bedroom category sold to date in South of Fifth. The highest sale was the Continuum South #PH1 with 5 bedrooms and 6,360 sq.ft  for $16,200,000 while the lowest sale was Portofino Towers unit #505 with 3 bedrooms and 2,340 square feet for $855,000.

Miami continues to exceed expectations.  Some cities and areas in the nation face depressed real estate market. But, Miami has some areas with scarcity of inventory if you can believe. My Brickell, on 30 SE 6 St, will offer 192 condo units and , to be located at 1300 Brickell Bay Dr, will add an additional 374 condo units to the 90+% occupied Brickell and Downtown Corridor. In the pipeline, there are also Genting’s Resorts World Miami and Brickell Citi Centre by Swire Properties.

For pricing and more information on new construction, contact us at 786.493.1388 or send us an email to info@luxurysouthbeachrealty.com

Below are other grand projects planned for Miami.

Mediterranean Modern Revival in Miami Beach.

4 beds, 3 baths

2,531 sqft.

Lot: 6,500 sqft.

$1,064,500

MLS #A1607672

Video

Description and features 

Impeccably and recently renovated two-level 2,531 sqft. Mediterranean home with vintage details and modern  features: 18’ vaulted ceiling in the living room with functional  fireplace and great arched niches, marble and wood flooring, den/sun room  overlooking pool, French windows, courtyard, hurricane impact windows and hurricane panels, manicured landscape,  hedge surrounding property, new air conditioner and central heating,  top of the line kitchen with stainless steel appliances, brand new washer/dryer, water sprinkler and alarm system  plus modern Titan tankless water heater.

Features:

Marble and wood floor throughout

18’ vaulted ceiling in the living room with functional fireplace and great arched niches

Courtyard and pool

Hurricane impact windows and hurricane panels

Brand new air conditioner and central heating

Manicured landscape

Wonderfully spacious kitchen w/ top of the line cabinetry

Full backsplash and stainless steel appliances

Brand new washer/dryer

Water sprinkler system and modern Titan tankless water heater

ADT Security System

There are currently 70 condos available for sale in the South of Fifth neighborhood between $1,000,000-$2,000,000.

For $1,375,000 you can get a two bedroom, 1,067sqft unit at the Bentley Hilton condo on Ocean Drive

or for $100,000 less you can get a two-bed plus den, 1,750 sqft. unit at the Icon building designed by Phillipe Stark.

While the Icon condo is 683 square feet larger than the Bentley Beach Hilton condo, the Bentley condo is a beachfront

unit that you can place in the hotel program or use year round.

Depending on your needs, each unit is has merits worthy of consideration. Icon’s unit is waterfront

and is located in the sought after “L” line. It boasts 2 waterfront bedrooms plus a redecorated den

that can be used as a third bedroom. Icon is the posh building in South of Fifth that features an impressive

lobby with 20-foot ceilings, a 40 foot reception desk, top-of-the-line amenities including 2 pools (one heated),

Dolce Restaurant, Spa and fitness center, the signature Stark stamp, 24 security and valet plus more.

The Bentley Hilton condo has direct ocean views and has been decorated with the hotel package.

The Bentley Beach Hilton comes with beach club privileges, spa, beachfront pool, full bar, VIP concierge,

the famous Prime Italian restaurant and the unmistakable De Rodriguez Cuba on Ocean.

If you seek a unit that you can be placed in the rental program and do a 50/50 split with the hotel, then the Bentley

sounds like a good choice. But, if you prefer a unit that is more spacious in size in a building

that is iconic and upscale with all the best of South of Fifth living, then Icon may be the option.

South of Fifth for sale

Below is the current availability for the South of Fifth condos between the $999,999-$2M range.

Information deemed accurate, but can't be guaranteed. Not responsible for errors or ommissions. We advise for those using the data contained here to utilize for information purposes only and to independently verify such data. Based on MLS recorded sales.

Miami agency may sell newly purchased film complex

Miami Today News

By Catherine Lackner
    Just as Wynwood seems poised on the brink of becoming an entertainment hub — with "Rock of Ages" and "Charlie's Angels" filmed there and talk of Queen Latifah coming to town — Miami's Community Redevelopment Agency might reverse directions and put its flagship film facility back on the market.
   Last year, the agency bought the 89,000-square-foot former Miami Skills Center at 29 NW 13th St. from the county's public school system for $3.1 million and drew plans for the Miami Entertainment Complex, a mixed-use facility that would include two sound stages, editing suites, screening rooms, production offices and rooms for other production functions.
   Miami's Downtown Development Authority backed the move, as did many in the local entertainment community.
   No renovations have actually been done yet, but the agency sold part of the parcel to the Florida Department of Transportation for slightly more than $1 million. "We can still sell the Skills Center at a profit," Marc Sarnoff, Miami commissioner and director of the redevelopment agency, said at that group's January meeting. "A lot of people have contacted us."
   When the agency was investigating the studio project, "I don't think there was a person in Miami we didn't invite," Mr. Sarnoff said then. "We wanted to see if there was a private individual who would fund this. And we waited and waited. No private-sector person wanted to take the $10 million risk."
   But now, it would appear that the private sector has taken an interest. New York investor Moishe Mana, who owns the large Wynwood Free Trade Zone parcel along Northwest Fifth Avenue, is interested in helping create a Miami Entertainment District, according to Tony Cho, his real estate broker.

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