Quest In Sunny Isles Beach

37th floor, Trump Tower I

Over the past two weeks I have spent considerable time walking several luxury condominium buildings in Sunny Isles Beach. The objective was to find a 2,000 square foot condo in a luxury “established” building with minimal distress, a flow through floor plan, turnkey unit, and with awesome ocean and city views. Sounds easy enough, right? Now try and accomplish that for under $350 per square foot.

So how does one determine an established building? It’s not easy, but a good start is to look at the pipeline of distressed properties in the building, including pre-foreclosures, bank owned and those scheduled for auction. With over 1,300 condos currently available for sale in Sunny Isles Beach, I quickly narrowed it down to 125 potential candidates. The list – Ocean One, Ocean Two, Ocean Three, The Pinnacle, Sands Pointe, Oceania, and for fun, Trump Tower I and Sayan.

So why would we throw in a couple of recently completed projects, such as Trump Tower or Sayan? Simple. Developers have been selling remaining units for big discounts these past few months and we’re looking for blood on the streets! Additionally, there was the recent resale of a designer ready “D” line unit on the 12th floor in Trump Tower II at $328 per square foot.

The first thing that jumps out at you are the setback requirements between the buildings, and in particular, the new construction projects. These newer projects have significantly reduced setback requirements between each building, and if you’re not careful, that luxury penthouse in the sky may just have a view of the tower next door. Not to say that the new projects do not offer stunning views, but they are just more limited. I should add that one of the most amazing views that I have ever seen in Miami, was that from the master bathroom in the the “D” Model on the 37th floor in Trump Tower I.

We looked at some awesome units with truly spectacular views, and I should add that we accomplished the task at hand. The winner was clearly Ocean Three located at 18911 Collins Avenue. Why? The functionality and floor plans of the units we walked through, together with outstanding views of the ocean and city / bay, and to top if off a very stable project, and when all combined offered the most value for what our client was looking for.

If you would like more information or assistance with Sunny Isles Beach or Miami Beach properties, please do not hesitate to contact us at info@miamiangelproperties.com or call 305.673.5300.