Beachfront Bonanza – Miami Real Estate Market


Plenty of beach activities when you live along Miami Beach. Picture: Oceana Bal Harbor

Home to year-round sunshine, clear blue waters and plenty of beaches, Miami is the go-to destination for luxury waterfront properties. From Key Biscayne beaches to city views of Biscayne Bay, the options are endless. Nowhere are luxury waterfront homes like Miami.

Miami’s residential real estate market has been booming since last year, as residents across the United States traded their cramped and cold living conditions in the north for better weather and favorable taxes in the Sunshine State. In fact, according to the South Florida Business Journal, sales prices and volume have increased by double digits over the past year.

This wave of out-of-town buyers is boosting the economy and now many large companies, especially in the technology and banking sectors, are choosing to locate in Miami. According to the Florida Chamber of Commerce, an additional 23 million people are expected to move into the state by 2030. In South Florida alone, the population is expected to increase by more than 12% during each of the three coming decades, according to the South Florida Regional Planning Council.

Facade of the Turnberry Ocean Club Residences

Facade of the Turnberry Ocean Club Residences. Image: Turnberry Ocean Club Residences

With that in mind, you might want to start looking for a new property today. Condominiums make up most of Miami’s waterfront properties and if you’re looking for something on the beach, this is probably your best bet. Where you decide to stay in Miami Beach depends on the type of lifestyle you live. The south offers more of a party atmosphere, while the north offers more laid-back luxury.

Here are two luxury condominiums that offer some of the best waterfront living experiences.

Turnberry Ocean Club Residences — Sunny Isles

Residences Club Ocean

Roof terrace. Image: Photography by Leo Diaz

Located on “Millionaire’s Row” in Sunny Isles is the recently completed Turnberry Ocean Club Residences. These ultra-luxury residences offer ocean and bay views, thanks to their fluid design. With expansive balconies, the large three- to six-bedroom apartments offer the perfect opportunity to enjoy waterfront living from the air.

Residents will also have access to their own private club from levels 30 to 32 at 300 feet above ground. Named The Sky Club, it features a lounge and entertainment area, two cantilevered pools, an indoor/outdoor beachfront fitness center with a yoga studio, and a revitalizing spa. For many residences, this would be above and beyond the expected level. However, Turnberry Ocean Club residences can offer even more on the ground floor.

Turnberry Ocean Club Residences

Room theme and style at Turnberry Ocean Club Residences. Image: Photography by Leo Diaz
Interior design by Interiors by Steven G

Thanks to its location near the beach, there are plenty of cabanas ideal for relaxing after a dip in the ocean. There’s also a lobby lounge and cafe, three restaurants, a ground-level infinity pool, and split-level poolside cabanas, plus a kids’ club for the little ones.

There are also many off-site benefits to living here. Residents enjoy priority access to the Fontainebleau Aeronautical Facility and Turnberry Marina. They will also receive a free one-year social membership at the elite Turnberry Isle Resort & Country Club. Here, golfers will have access to two championship golf courses designed by Raymond Floyd, perfect for playing all year round. Residents will also get a membership to South Florida’s premier water park, Tidal Cove, which features the nation’s first triple stream racer.

Turnberry Ocean Club Residences

Solarium terrace. Image: Photography by Leo Diaz

“As President of Residential for Jeffrey Soffer’s Fontainebleu Development Company, I am in continuous communication with the group of international buyers at 1%. People are increasingly interested in Miami waterfront living, and not just single-family homes. Waterfront investments mean a ton of maintenance and serious insurance policies. So while the pandemic has shown the importance of space and privacy through increased sales in the single-family home market (Miami-Dade sales jumped 16.6% from a year-over-year according to the Miami Association of Realtors), a mansion in the sky with a resort-style lifestyle without the hassle of upkeep may be the best option,” said Jim Cohen, president of residential development at Fontainebleau Development.

www.turnberryoceanclub.com

Pricing from the top US$3 million.

Oceana Bal Harbor — Bal Harbor

Oceana Bal Harbor

Facade of Oceana Bal Harbour. Image: Courtesy of Oceana Bal Harbor

The upscale North Miami Beach neighborhood is home to many amenities, including world-class shopping malls, top-notch restaurants, luxury hotels and, of course, beautiful beaches. As it is on an island, you can enjoy sunrises and sunsets with backdrops by the water. It’s a beautiful place. Much like its neighbor Sunny Isles to the north, it also has several notable luxury condominiums.

One of my favorites is the luxurious and art-centric Oceana Bal Harbour. The 28-story glass building offers its residents a five-star hotel lifestyle that begins the moment they step into the building. Residents have valet parking, 24-hour concierge service, and underground parking to keep their vehicles in top condition. Other facilities include a residents-only gourmet restaurant, Ballerina, run by Toscana Divino, as well as a world-class spa operated by WTS, a relaxation pool, an Olympic-style pool, a cinema and a large lounge with a kitchen. from the chef and bar, to name a few.

Want to be outside but need the occasional break from the heat? The private air-conditioned cabanas here have you covered. Literally.

Everyone may have missed Art Basel last year, but residents of Oceana Bal Harbor can enjoy stunning works of art all year round. An art collection in the building is co-owned by residents, and some of the most notable pieces are two large sculptures by Jeff Koons Pluto and Proserpina andSeated ballerina.And that’s right outside; Inside the Pierro Lissoni-designed lobby are 10 high-end modern artworks by other notable artists from around the world, including An Te Liu and Taryn Simon.

The residences offer breathtaking views of the Atlantic Ocean and the Intracoastal through floor-to-ceiling windows and large balconies. Inside, expect lots of glass and an open layout that runs through kitchens outfitted with Gaggenau appliances and luxurious materials throughout.

The condominium’s icing on the cake, however, is its four penthouses and four duplex Upper-Penthouses on the top three floors. Each comes with private elevators that open directly into the residences and huge oversized balconies. The Upper-Penthouses duplexes also have their own private swimming pools. Talk about living big!

www.oceanabalharbour.com

Prices start from 3 million US dollars.

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