This JADE Penthouse is the epitome of Sunny Isles Beach luxury.

After only 61 days the JADE Beach sky loft penthouse 4905 went ‘Pending Sale!’ Consisting of 6 bedrooms 7 & a half baths, with over 8,000 interior square feet, this premier JADE Beach residence is setting a new record for Sunny Isles Beach real estate. Today, many Miami luxury oceanfront condos have sold in 2010 with remarkable prices. South Beach and Bal Harbour have noted considerable Penthouse sales in the last 90 days in which every blog savvy agent has reported and now Sunny Isles Beach keeps it’s foot in the sand with this new record sale. At $1,339 asking price per square foot, all eyes will be watching for the final Penthouse sales figure. See the JADE Beach penthouse images & details when I first exposed this magnificent ”home” on April 21st!

• JADE Penthouse I -Floor Plan Level 1
• JADE Penthouse I -Floor Plan Level 2
• JADE Penthouse I -Floor Plan Level 3

Want a JADE Beach Penthouse?

There are only 2 like this Penthouse in JADE Beach & 2 like it in JADE Ocean. Call me at 1.888.383.7326 to discuss buying the mirrored image penthouse as decorator ready (approximately $7M). Here is a smaller JADE sky loft #4701 for sale today at $3.895M . Note it is decorator ready needing flooring, paint, closets, lighting & window treatment so the new owner willing to take on the risk & hassle may be the one to make a premium on the resale value.. We will soon see as this amazing JADE penthouse closes setting a new area record worth reporting.

JADE Beach Condos for Sale | JADE Beach Condos for Rent

JADE Ocean Condos for Sale | JADE Ocean Condos for Rent

UPDATE: This Penthouse at JADE Beach is back on the market at $11,400,000 on August 5th, 2010

 Setting a new standard for Sunny Isles Beach luxury condos.. An extraordinary JADE Beach Penthouse “trophy property” was just listed as a resale for $11M (PH4905). This 3 level penthouse, sky loft property has a completely finished & furnished interior with an outstanding renovation (white glass flooring) adequate to what one would expect at JADE Beach.  Consisting of 6 bedrooms, 7 and a half baths and 8,210 square feet, the asking price per square foot comes to $1,339 psf. The total square footage including the multitude of terraces consists of over 14,000 square feet making it South Florida’s largest, most impressive JADE penthouse property. The property was purchased decorator ready in April 2009 for $6.050M (raw) by Group M Real Estate Inc. as per Miami Dade County records. What an amazing “home!”

JADE Beach Condos for Sale | JADE Beach Condos for Rent

 Sunny Isles Beach inventory decreased 4% last month, with inventory now at 1,027 total condos for sale. Sunny Isles Beach condo inventory has decreased 30% year to date while sale to list price ratios are up to to 96% for the month of February. I’ll explore the fine analytics below and continue educating everyone interested in these uber-modern condo towers known as JADE Beach & JADE Ocean.

 In the month of January, I released a new addition to the Sunny Isles Beach condo collection with Turnberry Ocean Colony Sunny Isles.com website to replicate the fun & success I’ve had with this JADE Condo authority site. Price points at TOC have dropped approximately 20% in 2009 alone and sold as low as $1M last year while prices today begin at $1.270M and looking to be doing a fast turn around with numerous recent sales! Now new updates, videos & monthly statistics are found geared towards the traditional-styled towers of Turnberry Ocean Colony which some people prefer over Jade Beach & Jade Ocean. Additionally last month the original MiamiDreamRealty.com was revamped showcasing the entire luxury MLS listings. You can find Short Sales and Foreclosures (when available) with a simple click! I am eager to aggressively market new listings here on on my other sites so please visit MiamiDreamRealty.com (5 Step Marketing) for details. On to the JADE Condo details.. 

JADE Beach Condo Inventory, Sales & Rentals

(http://17001CollinsAvenue.com) JADE Beach developer (Fortune) has ~2 condos left at clearance pricing before being sold out after a year & half of occupancy. We now have 39 (16%) JADE Beach resales ranging in values from $549,000 (Low Floor B1 Model) to an impressive JADE Beach penthouse listing reduced to $4.499M (2 Story Jade Beach Trophy Penthouse). JADE Beach condo sales have been reported on the MLS with values from $468k (B1 Model at $468 psf) to $1.385M (E Model at $431 per square foot). This seems to be the established pricing trend in the $400′s for Jade Beach. The average JADE Beach list price per square foot is reflecting $650 psf (Up 2% over last month) with the average selling price per square foot reflecting $442 at 99 days on market plus a 90% sale to list price ratio (10% buyer discount).

Jade Beach rentals have been in demand as potential buyers test the tower & JADE lifestyle reflecting 33 Jade Beach condos ranging in rented values from $2,000 (B1 deals) to $7,000 (#1708); 3 Jade Beach rentals are currently under contract with prices ranging from $4,500 (#3007) to $14,000 (#3608); 16 rentals remain active-available ranging in asking prices from $2,700 (06 line as B1 model) to $9,900 (#4001).

JADE Ocean Condo Inventory, Sales & Rentals

(http://17121CollinsAvenue.com) JADE Ocean is exciting to watch with price points by the developer hovering in the $600′s psf which I believe to be market values given the luxury product with new County records reflecting 94 recorded deeds (Up 15% since last month) or 38% sold. Please Note: there are more sales than this as the County takes awhile to record deeds. Jade Beach took 1.5 years to accomplish what it has today and we’re now entering month 8 of JADE Ocean acquiring its Certificate of Occupancy.

There are 11 Jade Ocean condo resales today with the high price on a spectacular 2-story Jade Penthouse “sky loft” listed November 20th at $2.7M with just under 3,200 Interior square feet, 3 bedrooms and 3.5 baths.. there are only 2 (C-2’s) in the building and no other penthouses comparable in Sunny Isles Beach than at JADE Ocean. The lowest priced resale is a B1 model priced at $625k which is 12% over Jade Beach B1 asking values. With an average asking price per square foot of ~$699 ($747 psf last month) reflective for JADE Ocean, we should soon see new activity. This is the critical curve separating value differences between each tower that I’m interested in. Differences will be dissected this year showing us what truly is market values while sales statistics show us these monthly facts. JADE Ocean was sold out on a significantly higher price point offering clear advantages in amenities & lifestyle. It seems as though Fortune, the FDIC & Starwood amended the asking prices and adjusted them to Sunny Isles Beach oceanfront market values. The developer is relaying today’s prices at approximately $600 psf and “going up soon” as sales continue. One thing is for sure, the developer is 100% confident in their product standing firm on current contract negotiations. And why wouldn’t they be as JADE Ocean stands among the elite condo towers of Sunny Isles Beach.

There are 10 JADE Ocean rentals listed (via MLS) and the prices are ranging from $2,950 (high floor B1 model) to $7,500 for a 3 bedroom (D model). The first MLS rental has rented at $4,000 (B2 Model) to be a strong starting figure for a superior building while another rental occurred last month at $2,700 for a furnished B1 model. I believe JADE Ocean will have a very strong finish this year and we’ll all make notes as each month shows us new numbers.

Sunny Isles Beach Luxury Condo Sales & Statistics

 Sunny Isles Beach condo inventory is trending downward with 1,027 condos for sale and 34 closings in the last 30 days (30 month supply). So far in 2010, 99 Sunny Isles Beach condos have sold via MLS database with an average sale price per square foot at $225 psf, down 5% over last month. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue (over $500k), we see 473 (up 13%) condos for sale with 27 closed sales so far this year averaging a selling price per square foot of $397 (down 7% over last month) psf and selling at 91% of list price. If we take only the top 10% of 2010 condo sales we find an average sales price per square foot of $484 and an average asking price per square foot of $535 reflecting an average 9% discount for new buyers in this market. Last year 161 oceanfront condos over $500k sold via MLS with an average selling price per square foot of $420.

  Looking at the 54 closed oceanfront sales from the last 90 days, we see the sale to list price ratio reflecting a 8.5% buyer discount and selling within 153 days. The top Sunny Isles Beach condo sales of the last 90 days were at Acqualina with #PH4501 selling at $4.7M ($740 SP/SF), #501 selling at $694 psf and Turnberry Ocean Colony South Tower #2001 selling at $1.850M ($667 SP/SF) plus 3 other luxury sales at $541, $535 & $639 per square foot respectively. The only luxury condo resale at JADE Beach sold at $1.370M ($427 SP/SF) in November. What else would you like to see reported here on the JADE Condo Blog? Leave a comment and let me know what’s on you mind regarding Jade Condos Sunny Isles or any other luxury condo tower along the Dade County coastline.

The truth is in the numbers 1.888.383.7326 or direct 786.273.7326. **All data compiled from the SEF Regional MLXChange.

JADE Ocean Condos for Sale & Rent | JADE Beach Condos for Sale & Rent

 After Sunny Isles Beach inventory increased 1% last month, I have also noticed the values increasing from May 2009 lows.. May selling price per square foot reflected $220 psf with 1,425 condos on the market while today, we see the average selling price per square foot reflecting $258 psf for a 15% increase and inventory now at 1,069 or down 25%. Therefore, I continue the new year with a bullish perspective that now is the time. I strongly believe 2010 IS the right time to buy at the bottom for the Miami Dade County oceanfront communities. Sunny Isles Beach condo inventory did increase 1% in the last month and decreased 27% year to date while sale to list price ratios are up to to 95% for the month of January. I’ll explore the fine analytics below and plan to continue educating everyone interested in these uber-modern condo towers known as JADE Beach & JADE Ocean.

 In the month of January, I released the newest addition to the Sunny Isles Beach condo collection with TurnberryOceanColonySunnyIsles.com website to replicate the fun & success I’ve had with this JADE Condo authority site. Price points at TOC have dropped approximately 20% in 2009 alone and sold as low as $1M last year while prices today begin at $1.5M and looking to be doing a fast turn around with numerous recent sales! Now new updates, videos & statistics geared towards the traditional-styled towers of Turnberry Ocean Colony which many customers prefer. Additionally this month, the original MiamiDreamRealty.com is getting an outrageous face lift showcasing the entire luxury MLS listing (coming in the next few days).. On to the details..

JADE Beach Condo Inventory, Sales & Rentals

(http://17001CollinsAvenue.com) JADE Beach developer condos have basically sold out after a year of occupancy with few developer units hitting the MLS at clearance pricing. We now have 41 (16%) JADE Beach resales ranging in values from $549,000 (Low Floor B1 Model) to an impressive JADE Beach penthouse listing reduced to $4.499M (2 Story Jade Beach Trophy Penthouse). JADE Beach condo sales have been reported on the MLS with values from $468k (B1 Model at $468 psf) to $1.385M (E Model at $431 per square foot)! This seems to be the established pricing trend in the high-$400′s for Jade Beach. The average JADE Beach list price per square foot is reflecting $638psf with the average selling price per square foot reflecting $442 at 99 days on market plus a 90% sale to list price ratio. Jade Beach rentals have been in demand as potential buyers test the tower & lifestyle today reflecting 31 Jade Beach condos ranging in rented values from $2,000 (B1 deals) to $7,000 (#1708); 2 Jade Beach rentals are currently under contract with prices ranging from $5,300 (#3402) to $14,000 (#3608); 14 rentals remain active available ranging in asking prices from $2,700 (06 line as B1 model) to $9,900 (#4001).

JADE Ocean Condo Inventory, Sales & Rentals

(http://17121CollinsAvenue.com) JADE Ocean is now getting exciting with price points by the developer hovering in the $600′s psf which I believe to be market values given the luxury product with new County records reflecting 80 recorded deeds (Up 9% since last month) or 32% sold. Note there are more sales than this as the County takes awhile to record. Jade Beach took 1 year to accomplish what it has today and we’re now on month 7 of JADE Ocean acquiring its Certificate of Occupancy. There are 5 Jade Ocean condo resales today with the high price on a spectacular 2 story Jade Penthouse listed November 20th at $2.7M with just under 3,200 Interior square feet, 3 bedrooms and 3.5 baths.. there are only 2 (C-2’s) in the building and no other penthouses comparable in Sunny Isles Beach. With an average asking price per square foot of ~$747 ($762 last month) reflective for JADE Ocean, we will soon see sales. This is the critical curve separating value differences between each tower that will be dissected this year showing us what is truly market value while sales statistics show us the monthly facts. JADE Ocean was sold out on a significantly higher price point offering clear advantages in lifestyle. It seems as though Fortune, the FDIC-Starwood amended their prices adjusted to market values relaying prices at approximately $600psf and going up soon as sales continue. One thing is for sure, the developer is 100% confident in their product standing firm on negotiations. There are 9 JADE Ocean rentals listed (via MLS) and the prices are ranging from $3,000 (high floor B1 model) to $8,000 for a 4 bedroom (E model). The first MLS rental has rented at $4,000 (B2 Model) to be a strong starting figure for a superior building. A B1 Model was reported to have rented on a 2 year lease term for $2,800. I believe JADE Ocean will have a very strong 2010 and you will soon see here too. 

 Sunny Isles Beach Luxury Condo Sales & Statistics

 Sunny Isles Beach condo inventory is significantly trending downward with 1,069 condos for sale and 38 closing in the last 30 days (28.1 month supply). So far in 2010, 49 Sunny Isles Beach condos have sold via MLS database with an average sale price per square foot at $238. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue (over $500k), we see 413 condos for sale with 14 closed sales so far this year averaging a selling price per square foot of $425 psf and selling at 92% of list price. Last year 161 oceanfront condos over $500k sold via MLS with an average selling price per square foot of $420. If we take only the top 10% of 2009 condo sales we find an average sales price per square foot of $626 and an average asking price per square foot of $735 reflecting an average 14% discount for new buyers in this market. Interesting note that 12 of the highest sales were at Turnberry Ocean Colony!

  Looking at the 39 closed oceanfront sales from the last 90 days, we see the sale to list price ratio reflecting a 9% discount and selling within 177 days. Irrelevant statistics to some but I find it interesting… The top Sunny Isles Beach condo sales of the last 90 days were at Acqualina with #PH4501 selling at $4.7M ($740 SP/SF), #3003 selling at $702psf and Turnberry Ocean Colony South Tower #1203 selling at $2.150M ($606 SP/SF) plus 3 other luxury sales at $694, $667 & $535 per square foot respectively. The only luxury condo sale of the last 90 days at JADE Beach selling at $1.370M ($427 SP/SF). What else would you like to see reported here on the JADE Blog? Leave a comment and let me know what’s on you mind pertaining to Jade Condos Sunny Isles. **All data compiled from the SEF MLXChange.

The truth is in the numbers 1.888.383.7326 or direct 786.273.7326.

JADE Ocean Condos for Sale | JADE Beach Condos for Sale & Rent

 Happy New Year friends! As the local consumer confidence gains momentum and great properties take less time to sell with multiple cash offers in place, my philosophy has become far more bullish. I strongly believe 2010 IS the right time to buy at the bottom for the Miami Dade County oceanfront communities. Sunny Isles Beach condo inventory declined 6% in the last month and 22% year to date while sale to list price ratios increased from 88% to 93%. I’ll explore the fine analytics below and hope to continue educating everyone interested in these amazing uber-modern condo towers known as JADE Beach & JADE Ocean. For February, I’ll be releasing a fresh new website to replicate the success of this Jade Condos authority site but geared towards the traditional-styled towers known as TurnberryOceanColonySunnyIsles.com (stay tuned!) where price points begin at $1M and prices have dropped approximately 20% in 2009 alone.

JADE Beach Condo Inventory, Sales & Rentals

(http://17001CollinsAvenue.com) JADE Beach developer condos have basically sold out after a year of occupancy with the few developer units remaining hitting the MLS last month at clearance pricing. There are now 35 (14%) JADE Beach resales ranging in values from $549,000 (Low Floor B1 Model) to an impressive JADE Beach penthouse listing reduced to $4.499M (2 Story Jade Beach Trophy Penthouse). JADE Beach condo sales have been reported on the MLS with values from $468k (B1 Model at $468 psf) to $1.370M (E Model at $427 per square foot)! This seems to be the established pricing trend in 2009 for Jade Beach. The average JADE Beach list price per square foot is reflecting $637psf up 1% from December averages with the average selling price per square foot reflecting $442 at 99 days on market plus a 90% sale to list price ratio. 

Jade Beach rentals have been in demand as potential buyer’s test the product reflecting 29 Jade Beach condos ranging in rented values from $2,000 (B1 deal) to $7,000 (#1708) most likely to have been a seasonal rate. 4 Jade Beach rentals are currently under contract with asking prices ranging from $2,500 (#1606) to $14,000 (#3608) while 17 rentals remain active ranging in asking prices from $3,200 (02 line as B2 model) to $9,900 (#4001).

JADE Ocean Condo Inventory, Sales & Rentals

(http://17121CollinsAvenue.com) JADE Ocean is still early into the corrections all new condo towers must undergo with County records reflecting 73 (UP 15% since last month) recorded deeds or 29% sold. Jade Beach took 1 year to accomplish what it has and we’re now on month 6 of JADE Ocean acquiring the TCO. Nothing much new to report since very few condos have been relisted. There are 4 Jade Ocean condo resales today with a high price on a spectacular 2 story Jade Penthouse listed November 20th at $2.7M with just under 3,200 Interior square feet, 3 bedrooms and 3.5 baths. There are only 2 (C 2’s) in the building and no other penthouses comparable in Sunny Isles Beach. With an average asking price per square foot of ~$762 reflective for JADE Ocean, I can’t see paying an extra 30% for something similar & (not including the PH units) obtainable at JADE Beach but time will soon tell us.. This is the critical curve separating value differences between each tower that will be dissected over this next year while sales statistics show us the facts. JADE Ocean was sold out on a significantly higher price point offering clear advantages and now noting a needed adjustments to what is truly market value as speculators argue these values with Fortune, the FDIC-Starwood to prices they should be closing at (lender appraisals are coming in short). One thing is for sure, the developer is 100% confident in their product and relentless on the contract values standing firm on negotiations.  

There are 7 JADE Ocean rentals listed (via MLS) and the prices are ranging from $3,400 (B1 model) to $8,000 for a 4 bedroom (E model). Nothing has rented yet but a B2 did go under lease contract with a record high asking price for a 1BR of $3,800. A B1 was reported to have rented on a 2 year lease for $2,800. Could JADE Ocean be a superior building worth paying 30% more? We’ll soon find out..

Sunny Isles Beach Luxury Condo Sales & Statistics

 Sunny Isles Beach condo inventory is trending downward consistently each month (by a significant 6% last month) with 1,065 condos for sale and 32 closing in the last 30 days (33.3 month supply). In 2009 641 Sunny Isles Beach condos have sold via MLS database with an average sale price per square foot at $236. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue, we see 591 condos for sale with 55 closed sales in the last 90 days. Last year 237 oceanfront condos sold via MLS with an average selling price per square foot of $383. If we take only the top 10% of 2009 condo sales we find an average sales price per square foot of $611 and an average asking price per square foot of $709 reflecting an average 14% discount for new buyers in this market. Looking at the 55 closed oceanfront sales from the last 90 days, we see statistics changing (market improvement?!) relaying a 91% sale to list price ratio or 9% discount and selling within 177 days. Irrelevant statistics to some but I find it interesting… 

The top Sunny Isles Beach condo sales of the last 90 days were at Acqualina with #3003 selling at $3.1M ($702 SP/SF), and Turnberry Ocean Colony N #2604 selling at $2.1M ($562 SP/SF) plus 3 other sales at $536, $667 & $541 per square foot respectively.  The final luxury condo sale of the last 90 days was at JADE Beach selling at $1.370M ($427 SP/SF).

What else would you like to see reported here on the JADE Blog? Leave a comment and let me know what’s on you mind pertaining to Jade Condos Sunny Isles. ** All data compiled from the SEF MLXChange.

The truth is in the numbers 1.888.383.7326 or direct 786.273.7326.

JADE Ocean Condos for Sale | JADE Beach Condos for Sale & Rent

 What’s new in June… JADE Beach Condo rentals total 30 available ranging from $2,600 (B-Line) to $9,500 (E-Line SE Corner). Nothing per MLS has rented or sold with 32 Jade Beach condos for sale (13% Inventory is considered as healthy) and 13 that have now expired from the market. Jade Beach condo values range from $520,000 (B1-Line) to $4.5M for a 2-Story JADE Penthouse (H-Line). The average price per square foot is now at $665 psf (1% decrease over last month) with a high at $887 psf and a low at $467 psf. Note: There are NO bank owned or any short sales available in JADE Beach.

 There are a select few Jade Beach condos priced under $500 psf with the NE Corner #4008 (E line) still in the lead. I’ve been showing it as much as possible along with others such as the A-line in which the biggest complaint is the master bedroom on the west side of the building. There are only 2 units reflecting being completed with one as wood and the other reflecting porcelain (?) tile and wood in the bedrooms. Please don’t let me buyers see wire closets in Jade!

 This weekend I met with great buyers currently renting at La Perla  and JADE Beach was the number one on their initial short list. They were looking for a 3-4 bedroom and I knew they had great taste after requesting to see JADE. I picked 8 of the best condos available along  Sunny Isles Beach with the goal to educate them on buildings, values and deals.. so here’s what unfolded. After a day of looking at the best buildings, Jade Beach was unimpressive other than PH-H (asking $4.5M) which was a fluke in showing and not even in their price range. Their number one choice was Trump Royale based on an incredible 3,000 SqFt unit (1 of only 6) priced at $1.9M ($630 psf) with a master bedroom the size of most living rooms and a closet the size of most dens. The second on the list was a 2-Story Tower Suite with rooftop deck at Trump Palace ($824 psf) which had a few unique factors such as allowing nightly rentals (with great income potential) at an estimated $1,000 night. Third on the list came to Ocean 4 ($505 psf) which has gone through major renovations with an owner who has spent $300,000 on interior upgrades and has never lived in the condo! All 3 are highly motivated and 2 are distressed sales with 2 major buy factors standing out among the rest… either completely finished and/or special unique factors such as a spiral staircase leading to the master terrace with inevitably high ‘jacuzzi tub’ views of the ocean.. other factors included a master bedroom the size of a living room and a closet the size of most dens. 

 This photo above is the newly completed JADE Ocean. I’ll have an inside tour soon so I’ll be able to share the finished product with you in an upcoming blog post. They must have received their TCO by now with what appears to be 2 for sale ranging from $1.450 (B2-line) to $1.9M. Yes, very excited on JADE Ocean but rumor has it the interior lobby of JADE Beach is superior…?! How can you beat the JADE Ocean flow through pool and the oceanfront entryway? Very enticing and soon to be one of the most desirable developments along the FL coast. The truth is in the numbers 1.888.383.7326.

Well, I’ve been monitoring the sales and stats weekly if not daily at JADE Beach with not much in regard to sales to report. There have been no sales and no rentals via MLS (Multiple Listing Service) since the very beginning.. The prices for JADE Beach condos, being reflective with the local market values, will need to be around ~$500 per square foot before I think we’ll begin to see any action. I’ve got buyers asking me to find the very best deals in the 400′s PSF and keep promoting JADE Beach condo #4008 (E line) here with an asking price of $1.499M or $467 PSF. JADE Beach condo #906 is also looking attractive priced well below other B line units at $530k or $488 PSF.

Today (April 8th), there are 32 JADE Beach condos for sale ranging in values from $530,000 to  $2.450M and 28 JADE Beach rentals ranging from $3,500 to $9,500.  The average asking price in April is $676 PSF for a 1% decrease in asking prices over last month.

Overall, Miami Beach condo sales are up 20% over last month while Miami Dade condo sales are up 71% YTD. There are 1,471 total condos for sale in Sunny Isles Beach with 783 ‘direct oceanfront’ condos for sale. There are 35 pending ‘direct oceanfront’ sales with 48 closing in the last 90 days (74 total SIB closed sales in the last 90 days) at an average asking price per square foot of $438 and average selling price per square foot of $382. The average number of days it has taken these condos to sell is 169 DOM (Days On Market) with a market average sale to list price ratio of 86%.

I do have something major to report in the next JADE blog post with the release of the glorious waterfall from the front Collins side, of JADE Ocean. I do not say glorious lightly as everyone’s head was turned from the traffic to the passerby. It is amazing. 1.888.383.7326