Miami Real Estate
Miami Real Estate Developments Attracting More International Clients
Real Estate clients from Russia, Argentina, and Brazil are purchasing new-construction real estate in Miami at a higher rate. In particular, 400 Sunny Isles, Icon Bay, Mansions at Acqualina, Regalia, Village at Island Estates, Chateau Beach Residences, and Opera Tower are condominiums targeted by international clients. Real estate expert Fernando Alpern of Optimar International Realty explains why.
Sunny Isles Beach, FL, October 13, 2012 --(PR.com)-- While Miami and its surrounding communities have always been a bustling hub for international students, tourists, investors, and businessmen, a growth trend in purchases by international clients has emerged. Real estate investors and purchasers from diverse nations such as Argentina, Brazil, and Russia are purchasing new Miami condominium developments at a higher proportion than in the past. In particular, these international clients have set their sights on 400 Sunny Isles, Icon Bay, Mansions at Acqualina, Regalia, Village at Island Estates, Chateau Beach Residences, Opera Tower, and many other new condominium projects throughout South Florida.
Explanations for this trend are not difficult to come by when one pays attention to all of the sweeping changes underway in the greater Miami area. For one, municipal, county, and state governments have engaged in a broad infrastructure improvement leading to better highways and mass transportation for international visitors. For example, Metro-rail now goes directly to Miami's famous international airport. Also, American Airlines has added many flights between Miami and South America that appeal to international real estate clients. Furthermore, several luxury shopping centers in the pipeline are poised to spark the Miami designer and luxury shopping scene. Also, Miami has emerged on many popular television shows and movies recently furthering its cultural icon appeal. Other intangibles such as the resurgence of Miami nightlife, as well as the Miami Heat’s international acclaim and star power also beckon international buyers.
Just as important however, economic factors have spurred growth in foreign real estate investors. Low exchange rates coupled with a down real estate market have created opportunities for international investors. Instability overseas has made investment in seaside Miami real estate more attractive as well. Finally, low interest rates are also a beacon to foreign condominium buyers.
The properties in which Argentinian, Brazilian, and Russian real estate purchasers are flocking to all share common features and elements. Among them are prime locations at the center of the action in Miami, Sunny Isles Beach, Aventura, and other nearby communities. These developments all boast passionate designs and a plethora of luxury amenities such that owners need not leave the building to escape on a vacation. Each of the developments is bayfront or beachfront and features breathtaking views of the sunny South Florida skies and skyline. Also, these condominiums tend to feature residents of young, diverse, and professional backgrounds that make international and sophisticated buyers feel right at home. The following are details on those developments being purchased at a higher rate of international clients:
400 Sunny Isles: This project consists of two 20-story towers with 230 total condominiums in the heart of Sunny Isles with 640 feet of frontage on the bay. Additionally, the project features a full-service marina such that owners can walk to the beach or go out on their yachts. The condominiums range from 1,542 to 3,500 square feet and 2 to 3 bedrooms. 400 Sunny Isles prices are between $650,000 and $2,500,000.
Icon Bay: Well-situated in the heart of downtown Miami, Icon Bay towers 40 floors over Biscayne Bay. It features 300 condominiums from 964 to 2,700 square feet and 1 to 4 bedrooms. An array of amenities coupled with a modern design and state of the art amenities leads to a price of $500,000 to $1,900,000. Icon Bay delivery is expected in 2014.
Mansions at Acqualina: Like its predecessor next door, Mansions at Aqcualina promises to deliver luxury living unlike any other in South Florida. The beautifully designed tower soars 46 floors into the sky and has a total of 79 “mansions in the sky.” The mansions range from 2-4 bedroom and penthouse models starting at 4,000 square feet and reaching 16,000 square feet. Mansions at Acqualina prices range from $5,000,000 - $50,000,000. Completion is expected in 2015.
Regalia: This 42 story jewel-like condominium tower in Sunny Isles features 39 full-floor residences with 5,155 square feet of interior living area and 2,100 square feet of balcony space. Private elevators and unimpeded 360 degree views are just some of the amenities making for an exclusive living experience. Regalia prices begin at $6,000,000. Delivery is expected in 2014.
Village at Island Estates: This 22 mansion luxury island is tucked away in the middle of the bay in luxurious Aventura, Fl. It features 2-3 story houses ranging in size from 4,250 to 7,500 square feet. The island also has its own marina and a variety of amenities. Village at Island Estates prices range from $3,500,000 - $7,000,000.
Chateau Beach Residences: This 33 story modern condominium tower nestled along the sandy beaches of Sunny Isles Beach is scheduled for completion in 2015. It features 2-4 bedroom and penthouse models ranging in size from 1,488 to 9,300 square feet. Chateau Beach Residences prices range from $1,100,000 - $3,700,000.
Opera Tower: This Miami condominium tower reaches heights of 56 stories and has 635 total residences. The condominiums are between 591 and 1,225 square feet with models ranging from Studios to 2 bedrooms. The prices for Opera Tower range from $159,000 to $600,000.
For more information on these condominium projects visit his new Miami real estate website at http://www.FernandoAlpern.com. Fernando Alpern has more than 10 years of real estate experience in the Florida market. He employs proven and state-of-the-art techniques in the listing and selling of new and resale luxury homes, residential communities, condominiums, home sites, pre-foreclosures, and REO’s. His area of service includes South Beach, Miami Beach, Surfside, Bal Harbour, Sunny Isles, Aventura, Hallandale Beach, Hollyeood, Fort Lauderdale, and all other South Florida areas. He is also the vice-president and general manager of Optimar International Realty, a full-service real estate office with over 250 sales associates.