New Construction Condo Deals in the Arts District, Brickell, Downtown Miami, and South Beach

December 17, 2007

As closing dates for some of South Florida’s newest condo developments quickly approaches, the motivation from contract holders to sell is becoming increasingly apparent. I’ve been receiving a lot of phone calls and emails from contract holders, within the past couple of weeks, who are looking for me to help them find a replacement buyer.

In some cases the contract holders are willing to accept a loss on their contract price in order to retain a portion of the deposit that was made 3-4 years ago. Below you will find some of the better deals that I’ve come across:

Edgewater

• The 1800 Club
  • Unit 2×04 – 1 bedroom/1 bath – 842 SF – $235,000
  • Unit 3×06 – 1 bedroom/1 bath – 822 SF – $240,000
  • Unit 3×03 – 2 bedroom/2 bath with direct bay view – 1,142 SF – $418,000
  • Unit 4×03 – 2 bedroom/2 bath with direct bay view – 1,142 SF – $428,000

• Quantum on the Bay
  • Unit 15+ floor B (south tower) – 1 bedroom/1 bath – 651 SF – $198,000
  • Unit 35+ floor D (south tower) – 1 bedroom/1.5 bath – 780 SF – $212,000
  • Unit 40+ floor B (south tower) – 1 bedroom/1 bath – 651 SF – $252,350
  • Unit 40+ floor J (south tower) – 2 bedroom/2 bath – 1,239 SF – $399,000
  • Unit 40+ floor J (south tower) – 2 bedroom/2 bath – 1,239 Sf – $409,000 obo
  • Unit 10+ floor L (north tower) – 2 bedroom + den/2.5 bath – 1,460 SF -$550,000

Brickell

• 1060 Brickell
  • LF Loft – 1 bedroom/2 bath – 972 SF – $360,000
  • 30th Floor (K floor plan) -866 SF – $290,000
  • Unit 3×07 – 2 bedroom/2 bath – 1,103 SF – $467,000
• Axis
  • 1x04S (C1 floor plan) – 2 bedroom/2 bath – 1,076 SF – $340,000
• Plaza on Brickell
  • Unit 2×09 (901 tower) – 1 bedroom/1 bath – 683 SF – $250,000
  • Unit 2×05 (901 tower) – 2 bedroom/2 bath – 1,185 SF – $339,000

Downtown Miami

• Marina Blue
  • Unit 4×04 – 2 bedroom/2 bath – 1,208 SF – $470,000

South Beach

• Continuum South Beach North Tower
  • Unit ??? – 2 bedroom/2.5 bath NW corner unit – 1,491 SF – $1.86M
  • Unit ??? – 2 bedroom/2.5 bath NW corner unit – 1,922SF – $3.35M
  • Unit ??? – 3 bedroom/3.5 bath NE corner – 3,497 SF (4 balconies) – $4.2M

If you’re a contract holder and you’re motivated to sell then feel free to email me details of your condo and the price that you are willing to accept. Most developer contracts do not allow you to market your unit outside the sales center, so I will post general information here on the blog to see if a buyer emerges.

I’ll match buyers and sellers together. The sales centers are in some cases charging higher than normal sales commissions and transfer fees which make it virtually impossible for contract holders to get their units into the hands of end-users. I’m hoping that this blog will help contract holders to get some of their money back, end-users to find a great deal and developers to have less defaulted units. The way I see it is a win-win-win situation for everyone involved.

By the way, I’ve added a link to this post on my “Deals” page and will be adding to the list above intermittently.