Miami is experiencing an unprecedented real estate boom to the likes of which the Magic City has rarely seen before. Real estate inventory is at an all time low, single family luxury homes and Miami luxury condo prices are soaring and massive $20 million waterfront properties are being sold, on what appears to be a weekly basis. The 2021 Miami real estate market is booming and there’s no end in sight. With such low inventory of luxury condos for sale, clients in the Miami real estate market are once again getting into bidding wars on properties.
During the past 24 months, dozens of new Miami luxury condo towers were completed and welcomed their first lucky residents. From ultra luxury condos in Downtown Miami such as the Brickell Flatiron and One Thousand Museum to the soaring oceanfront towers such as Residences by Armani Casa and Ritz Carlton Residences in Sunny Isles Beach, these new Miami luxury condos have truly redefined luxury living and have taken luxury condo living to new heights.
Many More Miami luxury Condo Developments are Being Built and Breaking Ground This Year
And while it may appear there is an over supply of properties, there are many more new luxury condos projects on the horizon. Many of these luxury condos are just breaking ground as I write this. And now developers are preparing to launch the next wave of ultra luxury condos in Miami, targeting both national and international pre-construction buyers who want to make Miami their future home.
The Waldorf Astoria Miami Hotel & Condo Residences
The ultra-luxury Waldorf Astoria Miami Hotel & Condo Residences in Downtown Miami just started pre-sales and is expected to sell out. The Waldorf Astoria will be the tallest residential condo tower south of New York City and is sure to provide some of the most spectacular views in all of Miami. Prices of these Miami luxury condos start around $1 million and go up to $25 million.
Rising more than 1,000 feet, the Waldorf Astoria Hotel and Residences Miami will become Miami’s tallest tower and the first supertall skyscraper in the city. The Waldorf Astoria Miami will include a 5-star hotel operated by Waldorf Astoria, 400 luxury condos; and ground-floor retail.
Designed by Carlos Ott, the 100-Story building will be sectioned in 9 glass cubes. The first 3 cubes contain the Waldforf Astoria hotel rooms, suites and amenities. Cubes 4-8 will be the residential units and cube 9 will feature the penthouse units, some up to entire floor.
Five Park South Beach Luxury Condos
Another exciting new project is the Five Park South Beach condo project that will soon be built at 500 Alton Road at the main gateway to South Beach. This piece of vacant land has been an eyesore for nearly two decades and will become home to the tallest building in Miami Beach upon it’s completion in 2023 . Not only will Five Park South Beach feature a stunning singular 519 foot, 48-story luxury condo tower, but the property will also be home to a beautiful park and pedestrian walkway that will connect to the existing Miami Beach Bay walk.
The tower is designed by Arquitectonica International with interiors by Gabellini Sheppard Associates. Five Park is poised to become the address of choice for the city’s newest residents, offering direct pedestrian access to Canopy Park and beautiful panoramic views across the cityscape and Biscayne Bay, and best-in-market amenities.
Buyers of Luxury Condos are Flocking to Miami From All Over the World and United States
The influx of cash buyers coming into the Miami market coupled with the growing population and new technology boom have created a supply and demand situation. South Florida luxury condo resales were up 25% percent in 2020, and in 2021 that number is expected to exceed that. Buyers from California, New York and other high tax based cities are packing their bags and relocating to Miami and Miami Beach. In addition, buyers from Canada, Europe and Russia are snapping up luxury condos and luxury homes as fast as possible.
The domestic market for new condos for sale used to be basically non-existent, with less than 10 percent of downtown’s luxury condominium buyers based in Miami. But now things are changing and the local market is not quite as dependent on foreign buyers as it once was. Buyers from the northeast area of US and the west coast are moving to Miami and Miami Beach in droves. From condos in Key Biscayne to condo buildings on Ocean Drive, the market is full of great options. Just a quick visit to my website and you see up to date listings and a collection of some of the best condo developments in Miami.
Luxury Condos at The Acqualina Residences in Sunny Isles Beach
The sophistication of a Mediterranean villa combined with the beautiful oceanfront location of Sunny Isles Beach, makes Acqualina Residences the perfect escape. Located on 4.5 beachfront acres with 400 feet of stunning Atlantic Ocean coastline, this Miami Beach luxury resort features 188 luxury condos, 97 impeccable hotel rooms and suites, two oceanfront restaurants including the acclaimed Il Mulino New York, three oceanfront swimming pools and an innovative marine biology-based children’s program.
The luxurious 20,000 s.f. ESPA oceanfront spa features an area dedicated to 16 treatment rooms including a private spa suite for two, a private spa pool and heated jet pool with a Roman waterfall, Finnish Saunas, Crystal Steam Rooms, Ice Fountains, Experience Showers, and Relaxation Rooms. The Sunny Isles neighborhood provides you with beautiful beaches and ocean, a good variety of restaurants and shopping, a waterfront park and walking distance to Bal Harbour Shops and the Surf Club.
Taking a Closer Look at The Beautiful Oceana Bal Harbour Condominiums
10201 & 10203 Collins Avenue, Bal Harbour, FL 33154
Oceana Bal Harbour is a an incredible, luxury oceanfront condominium that was completed in 2016 and has become an iconic part of the northern islands skyline. Each of two 27-story towers includes spacious floor plans with up to four bedrooms and 4.5 bath. The first few floors feature commanding water views of either the ocean or the bay. Penthouses are available at the very top with private rooftop pools and sundeck area.
Dine in the on-site restaurant, play a game of doubles at either of the lighted tennis courts, relax in the recreational pool or burn some calories in the lap pool. At the end of a stressful day or any day, take advantage of the full spa. Or take a short walk down the beach and dine and shop at the world-famous Bal Harbour Shops, located just a short walking distance down the street. Miami Beach is also just 10 minutes away by car.
Oceana Bal Harbour developers have built this magnificent property with the environment in mind. The building is LEED certified, meaning its design and energy use are environmentally friendly according to the U.S. Green Building Council.
Like all real estate from Josh Stein, Oceana Bal Harbour was designed and built by the best. Lead Developer Eduardo Costantini has used his Argentinian roots to inspire a building sure to mesh with all that is beautiful and diverse here in South Florida FL. This Argentinian heritage “is a fitting compliment to the beauty and grace which the Oceana Bal Harbour luxury condos will gleam,” the developers say.
Living the Good Life on Fisher Island at Palazzo Della Luna
Palazzo Della Luna is the newest luxury real estate development on Fisher Island and is home to just 50 private luxury condominiums. Rising 10 stories tall, Palazzo Della Luna is comprised of 3 to 7 bedroom floor plans ranging in size from 3,724 to 10,194 interior square feet. All residences will enjoy breathtaking water views of the Atlantic Ocean, Biscayne Bay and the beautiful Miami skyline.
Residents of Palazzo Della Luna Fisher Island can enjoy a number of luxury amenities including both sunrise and sunset infinity-edge pools, a waterfront lobby lounge with butler-serviced bar, a fitness center with the very best equipment, movie theater, beauty salon, massage treatment rooms, and so much more.
With easy access to Miami Beach and South Beach via the ferry, Fisher Island is an incredible neighborhood to call home. There are currently condos for sale in Palazzo Della Luna starting at $6.7 million and prices can go up to $40 million for one of the exclusive penthouses. For up-to-date Miami real estate listings and condo unit availability, please contact Josh Stein Realtor.
Why You Should Consider Living at The Continuum South Beach
If you’re looking for the best Miami luxury condos for sale, look no further than the Continuum South Beach. Located at 50 & 100 South Pointe Drive, this impressive Miami condo development offers an unparalleled opportunity for resort-style living in Miami Beach.
The Continuum South Beach consists of the Continuum 1 South Tower and the Continuum II North Tower, each one being 42 stories. Sitting atop 12 acres of prime Miami oceanfront real estate, the towers have a total of 318 units between them. Each Continuum Condominium residence varies in size from 1,201 to 7,374 square feet and from 1 to 5 bedrooms.
There are numerous floor plans to choose from, offering something for everyone. Every condo reflects the latest in comfort, design, and Miami luxury furnishings. Residents can also enjoy an unparalleled view of Biscayne Bay, the Atlantic Ocean, and the Miami city skyline.
In addition to these opulent and lavish Miami Beach Condos, the Continuum offers a remarkable array of amenities. For starters, residents can enjoy around 1,000 feet of prime sandy white beach, fully serviced by an exclusive beach club that includes furniture, towels, and cabanas.
Meet Josh Stein, Local Miami luxury Condo Realtor
As a proud Miami Beach resident for more than two decades, Josh Stein has long been dedicated to helping homebuyers worldwide find the best quality of life that the region has to offer. Josh specializes in luxury condos for sale, luxury homes, lofts, and art deco properties throughout South Florida. From Miami Beach to Key Biscayne and Fisher Island and Sunny Isles Beach, Josh and his team are ready to assist you with all your real estate needs.
Josh’s website has a ton of information about Miami, different buildings, condo units, homes, and a variety of other types of property. You will find a detailed page on the most popular condo buildings including the price, floor plan, views, unit numbers, number of parking spaces, and detailed information about the area and people.
Our innovative website includes thousands of Miami luxury homes, condos for sale, luxury buildings, ranging from chic boutique buildings to residential skyscrapers. You’ll find some of the biggest names in real estate, including the Apogee, Bentley Bay, Continuum South Beach, Canyon Ranch, W South Beach, and many more. These are the finest Miami Luxury Condos on the market. So if you are a buyer, this is your one stop place to find the best real estate in Miami.
In the listing, you’ll see a representative photo, address, brief introduction, and details concerning the number of rentals and sales available (if any) and where the starting price begins. If you click the name or photo of any given luxury condos for sale, you’ll find a descriptive profile with a photo gallery and tons of vital information, including specifications, features, amenities, and more. Each condo page in turn includes a listing of the available MLS properties, each with its own detailed profiles.
You can save your top picks to your Miami favorites, print the page, and even request more information with the click of a button (at which point our professional team will respond quickly and courteously). Our luxury condos for sale list is regularly updated with the latest MLS information from the most trusted sources, meaning you can buy with the utmost confidence. It’s never been easier to find the Miami condominiums of your dreams, whether it’s in Key Biscayne, Sunny Isles, or any other neighborhood.