July 14, 2017
Investors, take note! Luxury condominium inventory is building up in new construction buildings in South Florida.
There have been several, ultra-luxury, new construction buildings that have recently been completed and buyers have closed. We have found motivated sellers in the finest buildings all along the coast. In a balanced market, we usually see around 10 percent of the building on the market, but the sampling below shows a different story. In this type of market, sellers oftentimes can become competitive and motivated, looking to break out of the pack and get their property sold. Here is a sampling of inventory availability in select new construction buildings where opportunities may loom:
Building Name Total # Units # Unit for Sale % Sq.ft. Range Price Range
Porsche Design Tower 132 44 33% 3415-5913 $5.3-$16.5 Million
Mansions of Acqualina 72 18 25% 4609-9145 $5.2-$35 Million
Chateau Beach 82 28 34% 1557-9050 $1.495-$25 Million
We have successfully worked with investors and end users for years finding “the perfect deal”. Timing is upon us!
For the most comprehensive information on all new construction in South Florida, contact Niki Higgins at +1-954-817-2500 or +1-888-242-4422.
