South of Fifth Hi-rise Alternative
Categories: Condo Communities, Miami Beach, Real Estate News
hi
One of South Beach’s most desirable neighborhoods has been characterized by the ultra luxurious Continuum buildings, the new Apogee, the Portofino, Murano, Murano Grande, the Yacht Club and the Icon.
They all offer a waterfront location, great views, and incredible amenities. Together they have changed the not just the skyline but the very essence of the South of Fifth neighborhood. It is becoming a year round home for an increasing number of owners from all over the country and all over the world.
In the process it has changed the economics of buying a unit in this neighborhood as well. So what is one to do if they don’t have the million dollars or more required to buy a unit in one of these luxury destinations?
I say the Courts at South Beach is the place to go! A Mediterranean village feel created by seven mid-rise buildings sited around an expansive Courtyard with two pools. Just 190 units close to the Marina and Ocean, shops and restaurants.
There are currently 17 units on the market: ten, 2-3 BR units are priced between $600,000 and $769,000; three more 3-4 BR units are priced between $875,000 and $995,000; and the remaining four units are priced up to $1,600,000 for which a 2620 SF 3BR/3BA/3CG unit with 5 terraces and a 1200 SF rooftop garden could be yours. Units are priced between $500 and $600/SF, hundreds of dollars per square foot less than the surrounding hi-rise units.
Hi Tony,
I agree, the Courts are a great place to bring your customers.