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Featured Condos Miami Beach

Five Park

500 Alton Rd Miami Beach, FL 33139
Five Park Building

Five Park Miami Beach

Five Park is a luxury project featuring 98 exclusive 2 to 5 bedroom residences ranging from 1,434 – 6,000 sf (133.22 – 557.42 m²) of interior space. The building offers incredible views of the ocean, bay and Miami skyline from deep terraces. The residences have been carefully designed and will be delivered finished, with flooring throughout and top of the line Gaggenau appliances.

Five Park Miami Beach unites timeless glamour with a new approach to development. A 48-story tower, the tallest in Miami Beach with an array of services & amenities including Miami Beach’s first “Residents-Only” Club – The Canopy Club, a beach club located in the South of Fifth neighborhood with transportation provided by house car, and a three-acre shaded Canopy Park with Monstrum playground, outdoor gym, running track, dog park & more.

Developer: Terra GFO
Architect: Arquitectonica
Interior Design: Gabellini Sheppard and Anda Andrei
Park Design: Arqgeo West 8
Canopy Bridge Design: Daniel Buren
Year built: 2024
Number of stories: 48
Number of residences: 98
Residence mix: 2 to 5 bedrooms
Residence sizes: from 1,434 to 6,000 sf (133 – 557.4 m²)


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Five Park Location

Location Map

Located in the heart of Miami Beach, Five Park feature expansive views of the ocean, Bay and Miami Skyline.

Park Layout
The park will be designed by Arqgeo West 8

Five Park Building and Park
3-acre Canopy Park

Five Park Buiolding Detail Park
Beautiful Design

five Park, Canopy Park Bridge

Five Park Overpass
Canopy Bridge Design: Daniel Buren

Five Park Overpass Detail
The Canopy Bridge will connect Five Park and immediate neighborhood with South of fifth over the I395 highway.

The Beautiful Five Park Views

Terrace Downtown South

Building Ocean 2

Building Features

Five Park Arrival
Resident’s porte-cochere drop-off

  • 98 two-to-five bedroom fully-finished residences from 1,434 to 6,000 sf (133.22 – 557.42 m²)
  • Unparalleled views of the ocean, bay, and Miami Skyline
  • Private, resident’s porte-cochere drop-off and lobby
  • Ease of connectivity to South Pointe Park, the Baywalk, the Miami Beach Marina and the beach via the Daniel Buren designed Miami Beach Canopy pedestrian bridge
  • Electric vehicle charging stations
  • Co-working area with private offices and board rooms
  • Children’s learning lab & teen club
  • Screening room
  • Luxury short term guest suites for friends and family
  • Resident only pool bar & café
  • 24-hour concierge and butler service
  • Housekeeping services available
  • Beach Club transportation via electric Moke
  • Fully-outfitted Gym
  • Spa & Treatment rooms
  • State-of-the-art fiber-optics provide high-quality internet and WiFi service from every corner of Five Park residences and amenities, even garage and elevator spaces

Pool
Expansive pool deck

Outdoor Amenities

  • The adjacent 3-acre Canopy Park features MONSTRUM Playground, an outdoor gym, picnic areas, dog park, shaded gardens, and art installations
  • The verdant, plant-filled amenity deck boasts breathtaking sunset views of the Miami skyline and bay, visible from both the adult & family friendly pools. The expansive space also offers unmatched relaxation with shaded trellises, a sunset terrace, numerous cabanas and lounges, and meditation deck
  • Private Beach Club located South of Fifth, with lounge chairs, umbrellas and towel service

Five Park – The Canopy Club

Miami Beach’s first residents only member club, level 26

Building Downtown Dusk

  • Sky gaze from club lounge, dining, and living rooms outfitted with outdoor terraces that host amazing views of downtown Miami and Miami Beach
  • Enjoy elegant, secluded entertainment options at the private jewel box bar, lounge, and billiards rooms
  • Engage in a quiet night in at the clubroom den
  • Take advantage of the Canopy Club’s private dining room, perfect for special events
  • A club-level dining experience curated seasonally by a host of visiting renowned chefs
  • A wellness lounge outfitted with private training areas, an outdoor workout zone, exercise bikes, yoga deck and juice bar amid spectacular bay and ocean views
  • In-house personal trainer and wellness coach
  • Women’s and men’s spa lounges, each with separate saunas, a hammam, and a dedicated massage and treatment room
  • Dedicated club level concierge

Residence Features

Terrace Downtown North
Deep terraces

Living
Generous floor plans

Terrace
Deep terraces

  • Private elevator
  • Expansive, open floor plans maximize the Miami sunlight
  • 10’ wide sliding door openings enable terrace access from living rooms
  • Finished floor terraces accentuate a harmonious blend of indoor-meets-outdoor living
  • Soaring 10-foot ceilings
  • Design-forward Hansgrohe bathroom fixtures feature in secondary bathrooms

Living and Terrace
10’ wide sliding door openings

Five Park Kitchen

Kitchen
Gabellini Sheppard custom-designed kitchens

  • Residences feature Gabellini Sheppard custom-designed kitchens
  • Italian-made kitchen cabinets
  • Stone countertops and backsplashes
  • Accent colored frosted glass upper cabinets
  • Integrated wood top dining tables
  • Gaggenau appliances with ducted cooktop vents

Five Park Master Bath 2
Custom designed Gabellini Sheppard master bathrooms feature Italian made vanities and textured glass shower doors

Master Bathroom

  • Master bedrooms provide ample wardrobe storage with large walk-in closets
  • Custom designed Gabellini Sheppard master bathrooms feature Italian made vanities and textured glass shower doors
  • Select units feature wet rooms

Master Bath

Tech & Appliances

  • Front-load washers and ducted, vented dryers for clean and quiet laundry access
  • Custom Five Park app allows you to conveniently manage your amenity and at-home experience
  • Residences are prepped with platinum pre-wiring

Building from Ocean

Five Park Floor Plans

Five Park Key Plan

Residence 01
4 bedroom 4.5 baths
3,186 sf / 296 m² interior space
1,083 sf / 101 m² terrace
Toal: 4,289 sf / 397 m²

Residence 02
3 bedroom 3.5 baths
2,930 sf / 273 m² interior space
782 sf / 73.50 m² terrace
Total: 3,712 sf / 346 m²

Residence 03
3 bedroom 4.5 baths
2,615 sf / 242 m² interior space
984 sf / 92 m² terrace
Total: 3,599 sf / 334 m²

Residence 04
2 bedroom 2.5 baths
1,434 sf / 133 m² interior space
344 sf / 32 m² terrace
Total: 1,778 sf / 165 m²

Residence 05
3 bedroom 3.5 baths
1,969 sf / 182 m² interior space
539 sf / 50 m² terrace
Total 2,508 sf / 232 m²

Categories
Neighborhoods

Miami Beach

Categories
Miami Beach

Apogee Miami Beach

Apogee Miami Beach Building Arerial

Apogee Miami Beach

Apogee Miami Beach is one of the most sought after building in South of fifth neighborhood, designed by the renowned Sieger Suarez Architectural Partnership with dazzling interiors by Yabu Pushelberg, Apogee is more than a Miami Beach condo; it is a lifestyle.

Apogee Miami Beach Building Aerial 1

Located at the southern edge of South Beach within the upscale South of Fifth neighborhood, these residences are among the most exclusive in the area. Overlooking Biscayne Bay and the Atlantic Ocean, Apogee features 67 three and four bedroom residences as well as spectacular penthouses, all boasting Miami Beach’s contemporary design and the latest residential technologies.

Neighborhood: Miami Beach Real Estate
Developer: Related Group
Architect: Sieger-Suarez
Interior Design: Yabu Pushelberg
Builder: John Moriarty & Associates, Inc.
Year build: 2007
Number of Residences: 68
Number of stories: 22
Residence ceiling height: 10’ft 3 meters
Residence sizes: 3,103 to 4,145 sf / 288.27 to 385 m2


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Apogee Miami Beach Location

Located adjacent to the sough after South Pointe Park, residents enjoy a large array of activities, beach access and services plus the best restaurants within steps away from Apogee Miami Beach.

Building 5

Building Amenities

Apogee Miami Beach Building 2

Building 3

Building 4

Valet

Apogee Lobby

Apogee Miami Beach Lobby 3

Pool 1

Apogee Miami Beach Pool 2

Project Highlights

  • Located at the sought after sought a fifth neighborhood, adjacent to South Pointe Park
  • Apogee Miami Beach feature approximately 68 residences in a 22 story building
  • State of the art Gym and Spa
  • Four residences per floor, flow-through design sharing water and city views
  • 2 types of floor plans available, 3,103 to 4,145 sf / 288.27 to 385 m2
  • Three exclusive penthouse floor plans, each featuring a rooftop pool

Apogee Miami Beach Terrace
Expansive 11 ft deep terraces

Apogee Miami Beach Custom Kitchen
Custom Kitchens

Apogee His and hers
His and hers

Apogee Miami Beach Tub and Shower
In ground Tub and shower overlooking the bay

Aoigee Rain Shower
Rain Shower

Residence Features

  • 10-feet high ceilings
  • 11-feet deep terraces
  • Kitchens featuring optional gas appliances and summer kitchens
  • Master bathrooms featuring soaking tub and rain shower
  • Master closets delivered finished with midnight bar
  • Private enclosed two car garage at parking levels, additional cars can be parked with valet
  • Beautiful landscaped amenities level with infinity pool overlooking the Bay, Government cut and Fisher Island

Apogee Miami Beach Closets
Custom closets

Apogee Miami Beach Floor Plans

Apogee Miami Beach Key Plan

Residence Line 01
5 bedroom 3.5 baths
4,154 sf / 386 m2 interior space
2,441 sf / 227 m2 terrace
Total: 6,595 sf / 613 m2

Residence Line 02
3 bedroom 3.5 baths
3,103 sf / 288 m2 interior space
1,030 sf / 96 m2 terrace
Total: 4,133 sf / 384 m2

Residence Line 03
3 bedroom 3.5 baths
3,103 sf / 288 m2 interior space
1,030 sf / 96 m2 terrace
Total: 4,133 sf / 384 m2

Residence Line 04
5 bedroom 3.5 baths
4,154 sf / 386 m2 interior space
2,441 sf / 227 m2 terrace
Total: 6,595 sf / 613 m2


Categories
Real Estate

Is Miami Real Estate becoming a buyer’s Market?

Is Miami Real Estate becoming a buyer’s Market?

Is Miami Real Estate becoming a buyer’s Market?

Of the top 10 residential sales in South Florida, all of which were single-family homes, 7 (including the top 3 spots) were in Palm Beach County.  The remaining 3 were in Miami-Dade, cutting out Broward altogether.   The winner was 1695 North Ocean Way in Palm Beach that sold for $43.7 million.  The spec mansion was originally listed at $55 million in January and sold in March to hedge funder, Kenneth G. Tropin, for a significant reduction.  

Many luxury listings are now selling for a fraction of their original listing price.  With a large inventory, including new construction, sellers are being forced to be realistic in their pricing and a buyer’s market is emerging, especially in the condo sector.  For instance, on Miami Beach the number of days a luxury condo spent on the market has moved from 62 to 171 in the last year. 

Many factors have contributed to the leveling off of the market.  Foreign currencies continued to decline next to the dollar, the Zika scare, lots of media about sea level rise and finally, the election. But, overall, prices have actually increased.  In fact, prices for the mid-market sector saw record growth rocketing 27% over last year. Don’t forget that a thousand people a day move to Florida.  In Miami-Dade, the median price for a single-family home rose to $305,000 up 9.5% and condos rose 1.3% to $210,000.   Prices for single family homes have risen for 61 consecutive months.



Is Miami Real Estate becoming a buyer's Market?

Who’s Buying?

Apparently, more foreigners from a more wide diversity of countries purchased more residential real estate in 2016 than ever before.  More than half of the international sales in the state of Florida happened in the tri-county, Palm Beach, Broward, Miami-Dade area totaling $6.2 billion in residential sales for 2016.  80% purchased in Miami-Dade. 

Top countries in order of investment in South Florida are Venezuela, Argentina, Brazil, Colombia, Canada, Mexico, France and Peru.  In Palm Beach and Martin counties, Canada topped the list and according to a report by the Miami Association of Realtors, Canadians were the top international consumers using their property search portal miamire.com.  In fact, South Florida was the most searched U.S. market for international consumers, while Los Angeles ranked second and New York placed fourth. According to realtor.com, the city of Miami has ranked number one in ten of the last eleven months.



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“Miami


Is Miami Real Estate becoming a buyer’s Market?
by Jill Petterson


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Categories
Real Estate

Lincoln Road Retail buildings sell for record $342 million

Lincoln Road

Retail buildings on Miami Beach’s Lincoln Road sell for record $342 million

The biggest property sale on Miami Beach’s Lincoln Road — and one of the highest-priced deals in South Florida history — is in the works, as the South Florida real estate market continues to soar.

Miami Beach-based Terranova Corp., and investment partner Acadia Realty Trust, the largest property owners on Lincoln Road, have agreed to sell their six-building portfolio on Lincoln Road for $342 million. The information was disclosed in Acadia’s recent earnings release and conference call with Wall Street analysts. The buyer has not yet been named.

The properties, sprinkled along the pedestrian promenade and on nearby Lincoln Lane, include the sites of such popular Lincoln Road hang-outs as Sushi Samba and Dylan’s Candy Store. They were originally purchased in two parcels in February 2011 and December 2012, for a total of $191 million. Therefore, the transaction translates to a profit of $151 million — or 79 percent, in a combined total of a little over three years.

The deal, to an-as-yet undisclosed institutional investor, has not yet been completed.

Terranova Corp. Chairman Stephen Bittel declined to discuss the pending sale, saying “our policy is never to discuss unclosed transactions.”

Acadia, a publicly traded, White Plains, N.Y.-based, real estate investment trust specializes in the acquisition, re-development and operation of retail and urban mixed-use properties. In its recent analysts’ conference call, Acadia Chief Executive Kenneth F. Bernstein called the buyer a “very high quality institutional investor from whom we received a compelling and preemptive proposal.”

At $342 million, the Lincoln Road sale ranks among one of the highest priced deals in South Florida. The only commercial property to bring a higher price was the April 2008 purchase of a 50 percent share in the Fontainebleau Miami Beach, according to research dating to 2001 by Jones Lang LaSalle, a commercial real estate firm. A unit of the Dubai government bought the stake for $375 million from Turnberry Associates.

Steve Medwin, managing director of Jones Lang LaSalle, called the Lincoln Road deal a “needle mover.”

“It is a megadeal,” he said. “We don’t see very many of those in the Miami market.”

When the Lincoln Road sale closes, Terranova and Acadia will set a new record in retail real estate sales in South Florida, underscoring how hot a commodity the shopping and dining haven has become.

For the past few years, Lincoln Road has become a magnet for global brands, amid an influx of new capital from New York institutional investors. Prices have hit new heights as the pedestrian mall attracts more international and national retail tenants. In June, the Gap opened a new two-story store, with Athleta next door and Intermix alongside it. Lululemon, Zara, Apple, and Zadig & Voltaire are under construction on the street, which boasts other new tenants — including Urban Outfitters, American Eagle Apparel, H&M and Forever 21.

In the realm of commercial real estate, experts say Lincoln Road has taken its place among the most regaled high streets of the world.

Prospective national tenants like Nike, Abercrombie & Fitch and Old Navy have been circling the promenade, report insiders. The British brand Topshop might not be far behind as retailers and restaurants pour out to side streets, expanding the corridor that runs from Alton Road to the ocean, into a broader district.

Acadia and Terranova’s properties are in the heart of the action, at 600, 719-737, 740, 801-821, 826-838 Lincoln Rd., and 723 N Lincoln Lane. Tenants include Starbucks, Fossil, A/X Armani Jeans and the Khong River House restaurant, owned by Miami-based 50 Eggs.

During Acadia’s analysts’ conference call, Bernstein said that Lincoln Road rents have shown “very significant movement,” doubling from $150 a square foot to $300 a square foot since Terranova and Acadia bought the properties.

Bernstein credited Terranova for its contribution in raising the value of the properties through its leasing efforts. He said Terranova will remain active in the properties after the sale.

“This was an opportunity to make some pretty significant profit, and it is in our financial interests,” Acadia Chief Financial Officer Jon Grisham told analysts, adding that talks heated up in May. “So it makes sense to do this.”

Read More at Miami Herald

Categories
Real Estate

Miami Beach Versace Mansion Sells at Auction for $41.5 Million

10 Bedrooms and 11 Bath

Miami Beach Versace Mansion Sells at Auction for $41.5 Million

One of America’s landmark homes, the Miami Beach mansion that once belonged to Italian fashion designer Gianni Versace, was sold at an auction on Tuesday for $41.5 million to a business group that includes the owners of the Jordache jeans brand. The 1930s-era Mediterranean-style estate, which has 10 bedrooms, 11 bathrooms and a pool inlaid with 24-karat gold, was auctioned off as part of a bankruptcy proceeding by its current owner, telecom magnate Peter Loftin.

Bidding opened at $25 million and the winning offer was made by the current mortgage holders of the property, VM South Beach, a company affiliated with New York’s Nakash family, which controls Jordache Enterprises. The group beat out several other bidders, including billionaire Donald Trump and a Florida developer who owns the Palm Beach Polo and Country Club.

Potential buyers participated in a poolside auction at the three-story mansion on Miami’s Ocean Drive. The property is now known as Casa Casuarina. Bidders were required to sign a confidentiality agreement and meet financial requirements by making a $3 million deposit and demonstrating an ability to pay at least $40 million.

The 23,000-square-foot mansion, replete with hand-painted frescoes, Italian marble and a gold-and-marble toilet, has been the subject of a long legal battle. In 1997, Versace was gunned down at the mansion’s entrance gate by serial killer Andrew Cunanan. Three years later, Versace’s family sold the property to Loftin, who is now facing bankruptcy and who had been trying to sell the house for more than a year.

The property was initially listed on the market with an asking price of $125 million. The price was later lowered to $75 million. It eventually ended up in bankruptcy proceedings. In recent years, the mansion had been used as a private club and a boutique hotel.

Versace bought the property in 1992 for $2.9 million. He then purchased the hotel next door and spent $33 million on renovations to add another wing. Inside, he decorated with an over-the-top style that included paintings of Grecian, nymph-like characters playing lyres under palm trees.

The snake-haired Medusa head, Versace’s logo, is on display throughout the house, which is being sold fully furnished.

When Versace owned the property, he helped usher in a renaissance of Miami’s South Beach. His presence attracted models, jet-setters and celebrities including Sylvester Stallone and Madonna, who also bought homes in Miami. The former Versace mansion was originally built by Standard Oil heir Alden Freeman. It was modeled after the Alcazar de Colon palace built in the Dominican Republic in 1510 by the son of Christopher Columbus.

By Kevin Gray
Read full article at AOL Real Estate
Pictures: Forbes.com