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

Sunny Isles Beach Luxury Condo Sales & Statistics

Sunny Isles Beach condo inventory held constant last month at 1,052 total condos for sale and 35 closed sales in the last 30 days (30 month supply). So far in 2010, 320 Sunny Isles Beach condos have sold via MLS database with an average sale price per square foot at $240 per square foot. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $500k, we see 450 condos for sale with 75 closed sales so far this year averaging a selling price per square foot of $431 psf (Up 8% over last month) and selling at 89% of list price. If we take only the top 10% of 2010 condo sales, we find an average sales price per square foot of $687 and an average asking price per square foot of $786 psf reflecting an average 12% discount for new buyers in the Sunny Isles Beach luxury real estate market. Last year 161 oceanfront condos over $500k sold via MLS with an average selling price per square foot of $420. The top 8 Sunny Isles Beach luxury condo sales from the last 90 days were found at Acqualina with 5 sales reflecting $740, $785, $589 & $649 per square foot. Turnberry Ocean Colony had 3 sales at $733, $660 & $649 per square foot. JADE Beach #4501 sold at $2M ($645 SP/SF) setting a new record resale high..

What is the latest & greatest at JADE Ocean & JADE Beach Miami in June 2010? Sunny Isles Beach condo inventory has decreased 6% year to date while sale to list price ratios are averaging 93% for the month of May. I’ll explore the fine analytics below and continue educating everyone interested in these new oceanfront condo towers known as JADE Beach & JADE Ocean. On to the June 2010 JADE Condo details…

JADE Beach Condo Inventory, Sales & Rentals

(17001CollinsAvenue.com) Fortune has already sold out their inventory as of 2010 1Q after almost two years of occupancy and we are awaiting the turn over to the condo board. We now have 44 (18% inventory) JADE Beach MLS resales ranging in values from $499,000 (Low Floor B1 Model) to an impressive JADE Beach penthouse listing priced at $11M (2 Story Jade Beach Penthouse). JADE Beach condo sales have been reported on the MLS with 9 resale values from $468k (B1 Model at $468 psf) to $2M (E Model at $645 per square foot) setting a new record high in resale values. The average JADE Beach list price per square foot is reflecting $663 psf (Down 1% from May) with the average selling price per square foot reflecting $476 at 153 days on market and an 88% sale to list price ratio (12% average buyer discount). The inquiries have not ceased on the only JADE Beach short sale #1104D which is still pending short sale approval. I expect #1104 to sell over asking price as $865k may prove to be a “teaser price” with D line values now ranging in sold values from $990k to $1.4M in 2010. This went pending in December and short sales can take an easy 6-9 months!

JADE Beach condo rentals have been in demand as potential buyers test the local market & JADE Beach lifestyle. To date, 42 Jade Beach condos have rented, ranging in rented values from $2,000 (B1 deals) to $7,000 (#1708); 5 Jade Beach rentals are currently under contract with prices ranging from $3,650 (#2602) to $14,000 (#3608); the owner’s representative needs to change the status on #3608 as it’s been pending for months now. There are 24 JADE Beach rentals available ranging in asking prices from $3,000 (02-line as B2 model) to $8,200 (#3208 as E model).

JADE Ocean Condo Inventory, Sales & Rentals

(17121CollinsAvenue.com) JADE Ocean has remaining developer inventory at price points hovering in the $600+’s psf. I do believe this to be market values given the uber luxury product with new County records now reflecting 109 recorded deeds (Up 3% since May) or 44% sold. Please Note: there are more sales than this as Miami Dade County takes awhile to record new deeds. Jade Beach took almost 2 years to accomplish a sell out and we’re now entering the 11th month 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 Ocean Penthouse “sky loft” listed November 20th at $2.7M (now priced at $3M) with just over 3,700 total 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 other than JADE Beach. The lowest priced resale is a B1 model increased in price from $625k to $684k which is 27% over JADE Beach (B1 model) asking values. JADE Ocean’s average asking price per square foot is at ~$743 ($717 psf in May) and today’s buyers are finding the developer inventory moist attractive in the $600’s per square foot. Differences in JADE Ocean & JADE Beach will be dissected this year showing us true market values while new monthly sales statistics show us the latest sales, facts & trends.

JADE Ocean condos were 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 to Sunny Isles Beach oceanfront market values. The residential low end market is noting considerable price gains as inventory decreases. Talk of values going up has been constant across the board along the Miami Dade Beaches… The developer is relaying today’s prices at approximately $600+ psf and increasing prices slowly 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 firm as JADE Ocean stands among the elite luxury condo towers of Sunny Isles Beach.

There are 18 JADE Ocean rentals listed via MLS and the prices are ranging from $2,575 (#1706) to $7,100 for a 3 bedroom (A model). There have been 7 rented condos ranging in values from $2,400 (B1 model) to $6,500 (E Model) to be solid starting figure in a superior building. I believe JADE Ocean will have a very strong finish by the end of 2010 and we’ll all make notes as each month shows us new figures.

What else would you like to see reported here on the JADE Condo Blog?

Leave a comment and let me know what’s on your mind regarding JADE Beach & JADE Ocean Sunny Isles or any other luxury condo tower along the Miami Dade County coastline. I’m also accepting new JADE Condo listings to market globally here and on my other sites so please visit MiamiDreamRealty.com (5 Step Marketing) for further details on a superior global marketing plan and efficient results whether selling or leasing your oceanfront condo.

In 1Q 2010, I released a new addition to the Sunny Isles Beach condo collection with TurnberryOceanColonySunnyIsles.com website to replicate the fun & success I’ve had with this JADECondosSunnyIsles.com authority site. Price points at Turnberry Ocean Colony had dropped approximately 20% in 2009 alone and have sold as low as $1M last year while prices today begin at $1.390M and noting fast turnaround with 10 condos under contract! Here you’ll find new updates, videos & monthly statistics at the Turnberry Ocean Colony blog. The original MiamiDreamRealty.com was revamped showcasing the entire luxury Southeast Florida Regional MLS listing database while the JADE Ocean, JADE Beach & Turnberry Ocean Colony MLS database access has now also been revamped!

All figures derived from the Southeast Florida Regional MLS service

 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

JADE Beach & JADE Ocean have a few select trophy Penthouse condos remaining. These magificant sky lofts are comprised of 2 story with larger than average terrace space. There are only 2 (mirrored) units of each line such as 2 C2’s (44th Floor), 2 D2’s (44th Floor), E2’s (44th Floor), G’s, H’s (46th Floor) & I’s (48th Floor) for a total of 12 premier ”sky lofts.” The sale prices have ranged from $2.3M to $7.6M and the average price per square foot is over $900psf with a record high over $1,139psf. Today there’s a Jade Beach Penthouse priced at $4.499M (5br/6.5bath) while Jade Ocean has a Penthouse (C2) priced at $2.7M (3/3) plus a few developer units worth the attention.

Are they worth it? You be the judge but they are extraordinary & rare.. Here’s the smallest Jade Ocean Penthouse C2 with the last photo from a D2 JADE Ocean Penthouse which boasts a flow through floor plan offering the best of both East & West views.

JADE Ocean Penthouse | JADE Beach Penthouse

 What’s happening with Jade Beach & Jade Ocean during November and what does this new season hold in store..? How’s the overall Sunny Isles Beach real estate market doing and what’s available for sale & rent today at JADE? There is a huge demand for seasonal rentals as the economy begins signs of improvement and consumer confidence is on the rise. Jade Beach and Jade Ocean are being previewed heavily, sales ARE occurring and other cautious consumers want to know where the bottom of this market stands and is NOW the right time to buy.

JADE Beach Condo Sales & Rentals

JADE Beach developer condos have almost sold out after 1 year of occupancy. There are 30 (12%) JADE Beach resales ranging in values from $539,000 (Low Floor B1 Model) to a stellar JADE Beach penthouse listing at $4.8M (2 Story Jade Beach Trophy Penthouse). 4 JADE Beach condo sales have been reported on the MLS with values from $468k (B1 Model) to $1.385M (E Model) or about $478 per square foot! A new pricing trend and precedence has been established. The average JADE Beach list price per square foot is reflecting $634 PSF down 7% from March’s hopeful highs with the average selling price per square foot reflecting $442 at 99 days on market and 90% sale to list price ratios. 

Jade Beach Rentals are in demand especially with season among us reflecting 21 recent Jade Beach condos ranging in rented values from $2,000 (B1 deal) to $5,000 (#3105, #3605 & #905). Over 4 Jade Beach rentals are currently under contract with asking prices ranging from $2,500 (#1606) to $14,000 (#3608) while 25 rentals remain active ranging in asking prices from $2,500 (06 line as B1 models) to $9,900 (#4001). We should see A LOT more rentals turn over within the next few months.

JADE Ocean Condo Sales & Rentals

JADE Ocean is still early on into the closings (48recorded deeds) to report since few condos have been relisted and too few listing agents seem to know how to implement the correct building address (17121 Collins Avenue) and or photos of which building is which. In doing a cross check using the development search of “Jade Ocean” there are still only 5 condos for sale with a high price on a high E line unit but they’ve now removed the Steven G interior design promotion possibly moving to an inferior designer. With an asking price (we’re all watching closely) at $2.475M reduced $520,000 from the original $2.995M (~$770 PSF), I can’t see paying an extra Million for something similar obtainable at Jade Beach but time will tell. This is the critical curve that will be dissected over the next year as Jade Ocean was sold out on a higher price point and now noting drastic adjustments to what IS market value as speculators argue market values with Fortune & the FDIC to prices they should be closing at. One thing is for sure, the seller is 110% confident in their product and relentless on the values standing firm on negotiations. 

There are now 5 Jade Ocean rentals listed (via MLS) and the prices are ranging from $3,400 (B1 model) to $8,000 for a high floor 4 bedroom (E model). Nothing has rented yet but I am certain there are pending deals happening this month as the demand is high. A B1 was reported to have rented on a 2 year lease for $2,800. Could it be a superior building worth paying 30% more? We’ll soon find out.. Sunny Isles Beach condo inventory is trending downward consistently each month by 2 to 4% with 1,152 condos for sale and 37 closing in the last 30 days (31 month supply). 

Sunny Isles Beach Luxury Condo Sales Statistics

This year 526 Sunny Isles Beach condos have sold via MLS database with an average sale price per square foot at $230. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue, we see  654 condos for sale with 17 closing in the last 30 days. This year 197 oceanfront condos have sold via MLS. If we take only the top 10% of 2009 sales we find an average sales price per square foot of $618 and an average asking price per square foot of $719. Irrelevant statistics to some but I find it interesting…

The top Sunny Isles Beach condo sales of October and the first of November were at Acqualina with PH4506 selling at $4.999M ($778 PSF), Trump Palace #1009 selling at $2.875M ($710 PSF) and lastly Turnberry Ocean Colony which sold bargain priced inventory like #3004 at $2M ($536PSF)!  The final luxury condo sale was at Jade Beach climbing the charts on the $1.385M ($431 PSF) & $1.370M ($493PSF) sale!

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

JADE Beach Condos

instead, an independent sales associate and JADE website reporting on my understanding, thoughts and opinions of JADE Beach & JADE Ocean Condos. Just the other day I received an email from the developers attorney telling me to cease & desist the advertising and JADECondosSunnyIsles.com website. Just after that, the JADE Sales Director called… I must say each of them was very friendly and

As for the JADE Beach development, It’s coming along quite well with 49% already closed and many more closing each week. Each time I enter the lobby, I see more and more happy thrilled new JADE buyers along with an exceptional staff that goes above and beyond to service each and every visitor. JADE Sunny Isles is truly one of a kind. I will have new photos of the lobby and amenity areas very soon. A Brilliantly design and uber modern development awaits you here with prices starting in the $700’s. The pool hasn’t yet opened so the seagulls are taking full advantage enjoying the warm aqua blue waters.

The Ultimate Penthouse. I was informed the JADE Beach Penthouses have all sold out and range from $5 upwards to 10M. The majority of my readers will probably be thinking these prices are extreme but not quite extreme as the JADE Penthouse itself. I assure you there is nothing like the JADE Penthouses ever seen and they are trophy properties. For the elite buyer ready to celebrate your successes, look no further for a very rare Penthouse of South Florida. I do have news that JADE Ocean has a few select JADE Ocean Penthouses upwards of $8 to 13M, far superior to the JADE Beach Penthouse, and still available. I expect these to appreciate significantly once finished out both the JADE Ocean building and interior JADE Ocean Penthouse residence. Look for a new JADE Blog posting related to these unique Penthouses coming soon!

If you own at JADE Beach or JADE Ocean and would like to sell, I ask you to preview JADECondosSunnyIsles.com and interview with me on an effective global marketing plan. This authority site is brand new and still rough around the edges yet quickly gaining in top search engine positioning and will be the ideal worldwide showcase site for your JADE Condo Listings. If your thinking of becoming a new successful owner of JADE Beach real estate then contact me for today’s great JADE Beach Condo Deals including 1, 2, 3 & 4 Bedrooms. To subscribe to this new JADE Condos Miami resource, use the Really Simple Syndication (RSS) feed or have emails sent directly to you after each new JADE Blog posting. To do this, it’s easy, just click the link found in the upper right corner. For more information, call us toll free at 1.888.383.7326 or email at Info@JADECondosSunnyIsles.com

 JADE Beach Model E Unit. I seem to recall the designer being Steven G… Any truth to this? This is Fortune’s brilliantly designed JADE Beach E Line (floor plan below) model unit found in the with over $800,000 in renovation detail and upgrades! An amazing JADE Beach condo and unfortunately, it’s already sold! The buyer worked out a win win deal with the developer and should be extremely pleased with one of the best finished condos in JADE Beach Sunny Isles.

JADE Beach Model Kitchen

JADE Beach Model Dining & Living

JADE Beach Model Den

JADE Beach E Line Floor Plan

 The JADE Beach E Line is found on Floors 22 to 42 with the JADE Beach Penthouse floors 43, 44, 45 and 46. If you own at JADE Beach or JADE Ocean and would like to sell, I ask you to preview JADECondosSunnyIsles.com and interview with me on an effective global marketing plan. This authority site is still rough around the edges yet quickly gaining in top search engine positioning and will be the ideal worldwide showcase site for your JADE Condo Listings. If your thinking of becoming a new successful owner of JADE Beach real estate then contact me for today’s great JADE Beach Condo Deals including 1, 2 and 3 Bedrooms. To subscribe to this new JADE Condos Miami resource, use the Really Simple Syndication (RSS) feed or have emails sent after each JADE Blog posting, use the controls found in the upper right corner. For more information, call us toll free at 1.888.383.7326 or email at Info@JADECondosSunnyIsles.com