In October I had my first sneak peek of Everglades on the Bay. Everglades on the Bay is a brand new luxury condominium development in Downtown Miami directly across from Bayfront Park. The development consists of twin towers standing 49-stories tall and consists of many different types of units including lofts, flats, penthouses and studios. The views from Everglades on the Bay are quite impressive but I wish they had used more glass throughout the building. Anyway take a look for yourself at our photos:
A few of the features of Everglades on the Bay are a Fully equipped multi-function business center, State-of-the-art spa and fitness center, Private men’s and ladies’ saunas, steam rooms, a 100,000 square foot, 8th floor amenity deck, Ground level retail, Billiard room and more. For units available at Everglades on the Bay call Samir Patel at 305-503-6183. For listings of Everglades on the Bay Rentals goto http://www.miamicondorealty.com/everglades-on-the-bay/
Everglades on the Bay Views:
Everglades on the Bay Kitchens:
Everglades on the Bay Baths:
Everglades on the Bay Pool Deck:
Lendco Florida LLC has acquired 56 units in Marina Blue Condo according to South Florida Business Journal and Miami-Dade County public records. The transaction was valued at $15.7 million. This is the second bulk deal to take place in the 516-unit Marina Blue Condominium in the last six months and this would total the closed units at 482 resulting in a 93% closing rate. Chicago based Corus Bank has issued a satisfaction of mortgage notice on its first mortgage to the developer of Marina Blue. In December of 2008 the developer sold 60 units in a bulk sale to Singer Island based Welcome Bay Inc. for $13 million.
This is good news for the residents of Marina Blue. Residents can breathe a little easier knowing that most of the units are now closed. Financing for new buyers in the building has been plagued due to these bulk deals and in conforming to Fannie-Mae guidelines. For the short-term new buyers into this building will be required to pay all cash or acquire a Non-Fannie loan at above market rates. I expect some of the Fannie-Mae guidelines to be rolled back eventually but we don’t know when.
Here are photos from Marina Blue:
A few weeks ago I had a second opportunity to run over to North Bay Village and to take a look at Cielo on the Bay. Cielo is a brand new boutique condominium tower built on the East fork of Harbor Island in North Bay Village. North Bay Village is a three island city located between Mainland Miami and Miami Beach. It is accessible via the Kennedy Causeway from Miami. Cielo was developed by Mario Egozi founder of Egozi Development, Inc. which has been in the real estate and construction industry for over 25 years. The building architect was Luis Revuelta and it shows.
Here are the photos of Cielo on the Bay:
So I was very impressed by the units at Cielo. The building is a 15 story boutique style building and consists of only 36 units with all units having a direct unobstructed Biscayne Bay view. There are only 4 units on each floor and are very spacious – 1820 to 1888 sq ft. There are also 2 large penthouses which have 1500+ sq ft roof-top terraces on the same level as the roof-top pool. Since the building is in the early stages of opening pricing is by request. So for a tour and the best deals on sales or rentals please call me at 305-503-6183 – Samir Patel, Miami Condo Realty, Inc.
Cielo Direct Bay Views:
Cielo Floor-to-Ceiling Glass:
Cielo Roof-top Pool:
Update: This property was sold on September 30, 2009
To see other units for sale in Marina Blue visit our page for Marina Blue Condos
We just listed We just reduced the price on Unit 2302 in brand new Marina Blue Condominium for sale. Our client is motivated and says bring us offers. Now a Shortsale! All offers are subject to lender approval. Call for details! Cash buyers preferred! This unit is in the 02 line which has views of Downtown, Bayside, American Airlines Arena, the Port of Miami, Biscayne Bay and parts of South Beach in the distance. The architecture is exciting with floor-to-ceiling and wall-to-wall windows. A definite must see. If you’ve seen our earlier posts of the amenities of Marina Blue, i’m sure you will agree this is one of the buildings on top of many buyer lists. This is the lowest priced 1 bedroom currently for sale on the higher floors. For sale @ $349,000 $299,000 $250,000 Short Sale!. This is far below developer pricing and comparables!
MARINA BLUE – 02 Line
1 Bedroom and 1.5 Bath
843 sq ft – Interior
152 sq ft – Terrace