Tag Archives: luxury

North Bay Road homes

Co-founder of Luxury Brand Tory Burch Lists Waterfront Mansion in Miami Beach for $49 Million

North Bay Road homes

Christopher Burch has offered his opulent mansion on Miami Beach’s famed North Bay Road for $49 million. He is the co-founder of the fashion label Tory Burch and the founder and CEO of Burch Creative Capital.

The property located at 5050 N. Bay Road features opulent living spaces, eight bedrooms, and eight full plus two partial bathrooms that perfectly capture South Florida living in the traditional post-modern style.

As you enter the main house, the wood paneling gives off a cozy, warm feeling. Each interior space features exquisite details, from the embroidered drapes and trims to the furniture and artwork. Look for a kitchen with a sizable dining room, a dedicated butler’s pantry with a rotisserie oven, a separate prep kitchen, and a breakfast nook.

The 1,500-square-foot guest house has two entrances and may be set up as four bedrooms, while it is now set up as two separate bedrooms with one living area each.

Beyond the fortifications, you’ll discover immaculately kept grounds next to expansive vistas of Biscayne Bay and 139 feet on the water with a large dock. A rear pool provides a gathering space with a covered grill and pizza oven. The pool next to the house features a hot tub, cold plunge, and steam rooms.

Palazzo Del Mare on Fisher Island

Another Fisher Island Condo Sold at $21 Million

Palazzo Del Mare on Fisher Island

After spending 5.5 years on significant renovations and imported furniture, Igor Olegovich Nesterenko, a businessman in the meatpacking industry from Moscow, sold his Fisher Island property for $21 million.

The unit located at the Palazzo Del Mare unit 7153, features 5 bedrooms, 5.5 bathrooms, a terrace, a playroom, and a conference room spanning over 7,025 square feet. It also has a private 2-car garage on the parking level of the building and a private cabana near the pool.

Nesterenko spent the 5.5 years refurbishing the condo because Fisher Island only allows for roughly half of a year’s time for construction due to noise restrictions.

Furthermore, much of the furniture was purchased from abroad and was rather large and proved difficult to ship overseas. The bathtub in the master bedroom was fashioned from a solid block of Greek White Thassos marble and was carried into the apartment using a crane. The majority of the furniture was also brought by crane since it was too large for the elevator.

The 7,025-square-foot Unit 7153 located at Palazzo Del Mare was sold to Fana Fisher Palazzo 7153 LLC, managed by a trust in Bellevue, Washington purchased the condo for $21 million equals $2,989 price per square foot.

The trust is under the umbrella of the Fana Group of Cos., a real estate corporation located in Bellevue led by Chairman and CEO Firoz Lalji.

The apartment was designed by Augusto Busnelli of Milan, according to Flikshteyn. The previous owner spent around $10 million on upgrades. The property was last sold in 2011 for $8.3 million.

The Palazzo Del Mare was built in 2007 and with an expansive amenity package including a 9-hole golf course, 18 tennis courts, a marina and yacht center, a gourmet market, 8 restaurants, and Spa Internazionale. A Fisher Island Day School and a mile and a half of pristine beaches.

Fisher Island, America’s wealthiest zip code, is a 216-acre barrier island located across Government Cut from Miami Beach. Fisher Island condominiums are in a class of their own when it comes to ultra-exclusive living in South Florida.

The island, which can only be reached by ferry, boat, helicopter, or seaplane, provides unrivaled protection. All visitors to the island must first be checked by security at the Fisher Island port.

Palazzo Del Mare #7153
Palazzo Del Mare Luxury Unit

Grand Station Apartments in Downtown Miami

ARod Backed-Grand Station Apartment Tower is Complete and 80% Leased

Grand Station Apartments in Downtown Miami

Construction on Miami’s Grand Station Apartment tower has been completed. Alex Rodriguez and his partner Ricardo Vadio, owners of Rovr Development are the investors behind the $70 million construction project that was built on top of the existing Courthouse Center Garage.

Not only has ARod backed the construction of the project but his company Monument Real Estate Services is also the property Manager of Grand Station Apartments.

In early March 2020, partners for Grand Station obtained a $53 million loan from Saperian Capital to assist with the construction. Since Grand Station received their temporary certificate of occupancy in August, they have reached over 80% leased for the tower.

The tower located at 240 North Miami Avenue rises 30 stories and feature 300 units right in the heart of downtown. The development is a part of a public/private partnership with the Miami Parking Authority, which has assisted in adding an additional 350 spaces for the building totaling 1,200.

The tower features studio to 2 bedroom apartments with a monthly rent that ranges from $1,800 to $2,500. All units boast Italian kitchen cabinets, quartz counters, stainless steel appliances, and an in-unit washer and dryer.

The luxury tower amenities include an indoor pool, rooftop terrace with pool, outdoor kitchen, hot tubs, fitness center, and club room.

Zyscovich Architects and Anillo, Toledo, Lopez LLC are responsible for the design of Grand Station.

Rovr along with the Related Group and Airbnb are the masterminds behind the new development, The District located at 225 North Miami Avenue.

Bentley Residences Renderings

Bentley Residences Unveils New Renderings and More

Bentley Residences Renderings

Bentley…the name alone is enough to make you think of exclusivity, luxury, and performance. Mix that in with high-end luxury development and you have a world-class residential tower that offers more than a living space, but an experience.

Bentley Motors has partnered with Dezer Development to bring residents the very best of the iconic brand by incorporating everything that a 5-star hotel has to offer without the continuing cycle of guests.

Bentley Residences

Dezer and architect Sieger Saurez spent several months perfecting the exterior diamond-shaped design. Dezer adds, “When we developed plans for the Bentley, we immediately thought of the triangular windows… It’s going to be a diamond that they can see all the way from Cuba when the sun hits on it. It’s going to be amazing. ” He adds, “we’re going to have a hard time outdoing ourselves.” Just from the renderings, we couldn’t agree more!

On September 14th, Dezer met with the City Commission to consider expanding the original site plan as well as reviewing additional transfer of development requests. The expansion would increase the square footage of the building to 616,185 square feet rising 62 stories (instead of the original 60). Two hundred and sixteen condos would along with 821 parking spaces are anticipated.

The most unique concept of Bentley Residences will be the car elevators that lift your car to your condo (very similar to the Porsche Design Tower) or as Dezer refers to it “Dezervator.”

Bentley Development Information

  • Location: 18401 Collins Avenue
  • Developer: Dezer Development (Gil Dezer
  • Architect: Sieger Suarez Architects

Building Amenities:

  • State-of-the-art fitness center
  • 2 pools with cabanas
  • Spa
  • 2 Restaurants
  • Whiskey bar
  • Cigar lounge
  • Cinema
  • Landscaped gardens
  • Dezervator car elevator
  • Kid’s lounge

Residence Features:

  • Seamless indoor-outdoor living floorplans
  • In-unit multi-car garage with a car elevator directly to each residence
  • Private balcony, pool, sauna, and outdoor shower
  • Floor-to-ceiling windows with ocean and bay views
  • Florida Green Building Council (FLGC) certification

Construction on Bentley Residences will begin in 2023 with an unveiling in 2026. “These buildings are complicated; they take time,” says Charles M. Sieger, President of Sieger Suarez Architects. “It’s not like working on a single-unit family house. They’re very technical and, at the same time, very artistic. You need some experience doing these things. We worked with Bentley to pick up their esthetic, the way they do their stitching, and diamond-shaped signature visual items,” Sieger adds. With more photos and information being released, we can’t wait to see what else Bentley has in store!

Bentley Residences in Sunny Isles Beach
Aria Reserve Miami Rendering

Aria Reserve-Tallest Waterfront Twin Towers in the United States are Coming to Miami

Aria Reserve Miami Rendering

I am sure you have heard of the Aria Reserve Towers Miami, and if you haven’t, keep reading. It will truly be the most unique and luxurious towers to grace the Miami coastline. With its modern yet sultry design set directly on Biscayne Bay, it will truly feel like you are living on a resort!

Located at 711 Northeast 23rd Terrace, Miami’s most coveted area in the Edgewater neighborhood, Aria residents will be able to enjoy Miami’s pristine beaches, Miami Beach nightlife, and the Design District’s shopping. This project is being developed by the Melo Group and designed by Bernardo Fort-Brescia of Arquitectonica with interiors designed by MORADA.

Entrance at Aria Reserve Rendering

Aria Reserve will be the tallest waterfront twin residential towers in the United States rising 62 stories high. Sited on a 5.2-acre development with 547 linear feet of water frontage, it will offer unparalleled amenities. Melo Group also plans to build a public park from Aria connecting to the Miami Baywalk. The development site was previously known as Island Bay.

Master bedroom at Aria Reserve Rendering

The Melo Group has recently launched sales for 321 units in the south tower of Aria. With roughly 800 units between the two towers, pricing for Aria Reserve’s first building will start at $750,000. There are 15 penthouses available starting at $12 million. Units will feature 1 to 4 bedroom floor plans with 1,100 square feet to 2,600 square feet of living space. The penthouses will range from 3,500 square feet to 9,000+ square feet, each including a 3-car garage. Sales for the second tower will be launched based on market demand.

Tower Amenities:

  • 2-acre recreation deck
  • Lap pool and spa
  • Gaming center
  • Playground
  • Tennis courts
  • Basketball courts
  • Paddle courts
  • Miniature golf course
  • Wellness center
  • Gym
  • Meditation Garden

Residence Features

  • Unobstructed views of Biscayne Bay and Ocean
  • Finished residences with two flooring options
  • All residences include 2 high-speed elevators
  • All residences include an office/media room
  • All residences are sunrise-sunset flow-through from East to West
  • 3-month seasonal rentals allowed up to 4 times per year

Construction of Aria Reserve south tower should begin in the spring of 2022 with an anticipated completion date of 2024. If you or someone you know have an interest in purchasing at Aria Reserve, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Family Room Aria Reserve Rendering
Balcony overlooking Biscayne Bay Aria Reserve
Armani Casa Beach Views

Developers for Residences by Armani Casa Report $1 Billion Sellout

Armani Casa Beach Views

Residences by Armani/Casa has set a new record for condo sales in Sunny Isles Beach. With nearly $1 billion in sales, Residences by Armani/Casa has nearly sold out of the luxury condos, which is significantly more than any other new construction tower in Sunny Isles Beach.

Located at 18975 Collins Avenue in Sunny Isles Beach, this 60-story project was completed in late 2019 just before the COVID pandemic shut down travel and events, which also delayed some of the sales/closings for the new development.

Armani Case Aerial Views

According to the President of Dezer Development (Developer for Residences by Armani/Casa), the building was 85% sold when they first started sales in February 2020 but sales got stagnant and the development was selling around 1 unit a month during the pandemic. The sales began to increase once Florida started to open up.

More recently, two penthouses sold in this tower with one at $7 million and the other at $9 million. Among the buyers include Radamel Falcao (Colombian professional soccer player).

Armani Casa Penthouse Views

About the Residences of Armani/Casa

The Related Group and Dezer Development are responsible for the creation of Residences by Armani/Casa. The project was completed in 2019 and the property was originally purchased in 2016 for a $305 million construction loan from Wells Fargo, which was reported to already be paid off.

This development features 308 luxury condo units with 2,716 to 3,748 square feet of living space. Pricing starts at $1million with 3 to 4 bedroom floor plan options. Residence amenities include Wolf kitchen appliances, Armani-designed sinks, 10 feet deep private balconies, and much more!

Residence Features

  • Armani Dada designed and fabricated cabinetry
  • Sub-Zero refrigerator/freezer and wine cooler
  • Elegant imported stone countertops and glass backsplashes
  • Wolf kitchen appliances
  • Armani Roca designed sinks and faucets
  • His and her bathrooms in select residences
  • Spa-inspired shower with Armani Roca wall-mounted handheld spray and large rainshower in most residences
  • Marble stone floors, walls, and full stone cladding vanity and stone countertops
  • High-performance Toto Neorest toilet with integrated bidet technology in the master bath only
  • Private high-speed elevator access to most residences
  • Breathtaking views of the Atlantic Ocean and city through floor-to-ceiling glass windows
  • 10-foot deep private balconies with glass railings in all residences
  • 8-foot-high double-door entry to a spacious foyer in select units
  • Summer kitchen with an under-counter Sub-Zero refrigerator in all residences
  • Digital thermostat featuring intelligent climate control
  • Recessed lighting in select corridors and bathrooms
  • Large capacity full-size washer/dryer in all residences
  • All residences pre-wired for audio speakers as well as motorized shades and programmed lighting controls in select locations
  • Smart building technology provides seamless access to select building amenities

Tower Amenities

  • Oceanfront terrace with heated swimming pool, hot tub, and poolside food and beverage service
  • State-of-the-art fitness center overlooking the Atlantic Ocean
  • Men’s and women’s dressing rooms with lockers and showers
  • Private oceanfront restaurant and bar with outdoor seating and in-residence delivery
  • Exclusive beach amenities, including food and beverage services, chaise lounges, umbrellas, and beach attendants
  • Two-story Spa with indoor and outdoor treatment rooms
  • Ocean-view yoga studio with Pilates equipment
  • Cigar room
  • Temperature- and humidity-controlled wine cellar
  • Bar area
  • Game room with pool table
  • Children’s playroom
  • Armani Prive lounge at the lobby level
  • 24-hour multilingual concierge service
  • 24-hour valet parking service
  • 24-hour security
  • Professionally curated collection of museum-quality art, including monumental sculptures by Sandro Chia and Sinisa Kukec
Armani Casa Living Room Décor

There are just a few units left at Residences by Armani/Casa. If you or someone you know have an interest in purchasing one of the units, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Indian Creek Island Miami

Inside Miami’s High-Security Billionaire Bunker – Indian Creek Island

Indian Creek Island Miami

Located on a barrier island on the outskirts of Biscayne Bay, sits a gorgeous Island shrouded in exclusivity and extreme wealth. Indian Creek Island is filed with billion dollar views, Brazilian teak docks, 100+ foot yachts, and extreme security.

This fortress of an island features 41 waterfront properties strategically arranged around an exclusive 18 hole golf-course stretched across 294 acres.

The average home value is $20 million with each lot featuring a minimum of 1.25 acres. In February 2010, one of the luxury estates sold for $50 million, breaking the record for the most expensive single family home sold in Miami.

Security is so tight that the entrance is heavily guarded with a 13 person private police force who patrol the island via boat, jeeps and jet skis 24 hours a day.

According to the 2019 census, the population for Indian Creek Island is 87 and in year 2000 it was considered the 8th highest income area in the United States.

Indian Creek Island Luxury Mansions

History of Indian Creek Island

In the early 1900’s, Indian Creek Island was created as a result of excavation for drainage in Biscayne Bay. Although the golf course was created a few years later, the Village of Indian Creek Island officially established in 1939. The first homes built on the land were vacation homes for the Miami’s rich and famous. Although there are none of the original remaining homes, there are a handful that date back to the 1950’s.

In more recent years, instead of residents using their homes for vacationing, they are living in the community year-round, shifting the typical profile of the residents. The village are seeing more families with children and a recent council meeting approved sidewalks and streetlights for play.

Indian Creek Island Exclusive Mansions

Notables on the Island

With the exclusivity of Indian Creek Island, it brings on many notables who want the privacy and security this island has to offer. Past residents include Beyoncé and Jay-Z. Current notables include:

  • Norman Braman- car dealership billionaire
    • Purchased 1 Indian Creek Drive in 1991 for $3.9 million
  • Russian (anonymous) buyer
    • Purchased 3 Indian Creek Drive in 2012 for $47 million
  • Ivanka Trump and Jared Kushner
    • Purchased a vacant lot for Julio Iglesias (Enrique Iglesias’ father) in 2020 for $30 million
  • Adriana Lima -Victoria Secret Supermodel
    • Purchased 22 Indian Creek Drive in 2009 for $9 million
  • Don Shula -Retired headcoach for the Miami Dolphins
    • Purchased 16 Indian Creek Drive with a price unknown due to divorce
  • Tom Brady and Gisele Bündchen
    • Purchased a tear-down at 26 Indian Creek Drive in 2020 for $17 million.

There is only one property currently on the market on Indian Creek Island. The property located at 29 Indian Creek Drive is listed for rent at $100,000 monthly and features 4 bedrooms, 4.5 bathrooms with gorgeous southern exposure of Biscayne Bay. For more information on this property or about Indian Creek Island, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Mike Piazza sells Miami Beach Mansion

MLB Hall of Famer Mike Piazza Sells Miami Beach Mansion for $15 Million

Mike Piazza sells Miami Beach Mansion

If you need anymore convincing of how hot the Miami real estate market is, another luxury mansion just sold! It gets better because the seller is Major League Baseball Hall of Famer Mike Piazza.

Piazza is known for his time with the New York Mets and Los Angeles Dodgers. He did have brief stints with the Florida MarlinsSan Diego Padres, and Oakland Athletics. Mike Piazza is regarded as one of the best offensive catchers in MLB history.

Piazza listed the Miami Beach mansion in December 2017 at $18.5 million. The property located at 1401 West 27th Street, Miami Beach was recently relisted for $14.7 million with a sold price of $15 million. This 8 bedroom, 9.5 bathroom mansion features 9,438 square feet of custom finishes including Jerusalem stone floors and an Italian-inspired kitchen. A private pool, dock, and boat lift elevates the remarkable 100 feet water frontage lot.

The buyers for this incredible residence is none other than the Major Food Group’s co-founder Jeffrey Zalaznick and wife. The couple has been renting the property since October 2020.

According to tax records, Piazza paid $10 million for the home in 2008. But don’t worry, they are not leaving Miami any time soon. They still own a unit at the Ritz-Carlton Residences Miami Beach that they purchased in 2019 for $5.6 million.

Rendering for Urban22

Melo Group Proposes Two-Story Tower in Wynwood Named Urban22

Rendering of the Urban22 Tower

The Melo Group is a well-known development group in the Miami area. After completing 6,000+ residential units in Miami over the years, they currently have 2,000 units under construction.

According to The Real Deal, the group met with Miami’s Urban Development Review Board on April 21st to propose a two-tower multi-use project called Urban22 in the Wynwood neighborhood.

Multiple parcels making up the 1.94 acre site stretch’s from Second Avenue, 22nd Street, to 23rd street. The Melo Group started purchasing these sites in 2011.

Each 15-story tower would total 708,119 square feet with an 8-story podium connecting between the two. The towers will feature a proposed 441 apartments, 7,168 sq. ft. of retail, 5,692 sq. ft. of office space, and 529 parking spaces. The garage will feature a pool deck on top

The apartments would range from 725 to 1,200 sq. ft. with studio to three bedroom options.

  • 4 studios
  • 243, one bedroom
  • 152, two bedrooms
  • 42, three bedrooms

There has been no update on what the Urban Development Review Board has concluded but we will continue to monitor this proposed project.

Cryptocurrency

Is Cryptocurrency Changing the Miami Real Estate Market?

Cryptocurrency and Bitcoin

With the Miami real estate market so hot right, it is of no surprise that offers are becoming more and more creative. We are seeing contingencies and appraisals being dropped to create a competitive edge for buyers. These aren’t the only items of change! In the MLS (multiple listing service), we are seeing an option for sellers to decided if they will accept cryptocurrency in their offer.

Cryptocurrency is a digital asset used to purchase goods and services. It has made headway in the past few years and it continues to gain popularity. In Miami we are seeing nightclubs, retail shops, and airlines accepting this form of payment. More retail stores are beginning to accept it like Overstock.com, Microsoft, and Home Depot, to name a few.

According to The Real Deal, South Florida is seeing a large number of Financial Managers and Tech-Savvy Entrepreneurs from Silicon Valley and New York using crypto in their real estate offers.

Vice President of Portfolio Development for Idoneus, Tim O’Leary handles a Swiss payment token (native cryptocurrency), which he has seen included in real estate offers more recently. O’Leary stated, “Idoneus has been utilized as a method of payment to acquire properties in Alaska, to Florida, to the Caribbean.”

Cryptocurrency in Real Estate

There are a few different cryptocurrencies currently out and the most popular is Bitcoin. With how mainstream Bitcoin has become, crypto is becoming a common occurrence but there is still much hesitation. Since crypto leaves no paper trail, there is a lot of skepticism.

One of the biggest perks is that it can allow for cheaper and faster transactions, which is huge for the current real estate market.