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MIAMI BEACHMarket Report 2014

South of Fifth

BRINGING THE WORLD TO MIAMIAND MIAMI TO THE WORLD

Worldwide Properties is a full-service residential and commercial brokerage firm located in South

Beach’s chic South of Fifth neighborhood. Our world-class sales and marketing teams of brokers and

associates represent the most elegant and luxurious private homes, condominiums and commercial

projects in South Florida and the Caribbean.

Our vast international network of contacts and clients in the United States, Caribbean, Europe, Asia and

South America can depend upon our highly experienced, multi-lingual sales teams to plan and execute

strategic acquisitions of the most exclusive and exquisite real estate worldwide.

South Beach

Our Mission

The mission of Worldwide Properties and Worldwide Development Services is to deliver unparalleled

value to our clients, agents and brokers through engaged excellence in service; a vast international

network of buyers and brokers; multilingual agents who are integrated into the communities where they

work and live; and through turnkey solutions for portfolio and property management throughout the

lifecycle of a property and its buyers, sellers and investors.

South Pointe Park

With their fingers firmly on the multinational pulse of Miami

and Miami Beach, J. Eddy Martinez and Roland Ortiz have

turned Worldwide Properties into a highly successful real

estate practice with a strong international footprint. As avid

admirers of art, interior design, architecture and culture, Eddy

and Roland have a keen sense for bringing together inspiring

lives with inspired properties. Worldwide Properties is dedicated

to marketing and selling the most unique and exceptional real

estate worldwide, and to bringing a new level of experience and

style to international listings.

Through their brokerage’s global reach, Eddy and Roland

have closed several hundred million dollars in global real

estate transactions, both residential and commercial, including

multimillion-dollar bulk transactions and record-breaking

dollar-per-square-foot sales. The firm also offers residential

property management services with turnkey solutions for

both individual owners and institutional investors with large

real estate holdings. With their expert insights and affable

personalities, Eddy and Roland have become noted – and

quotable – media resources on real estate trends, and have

been featured in such publications as The Wall Street Journal,

The New York Times, The Miami Herald, Miami Today, Florida

Investor and many more.

Meet the Founders

J. “Eddy” MartinezFounder, Broker & CEO

Roland OrtizCo-Founder & Director of Sales

Ocean Drive

A Glimpse of Miami Beach

Miami Beach is a Manhattan-shaped barrier island just across Biscayne Bay from Downtown Miami

and fronting the Atlantic Ocean. It is world-famous for its historic Art Deco district, miles of white sand

beaches, iconic lifeguard stands, beautiful people and 24/7 international atmosphere.

The area draws travelers and seasonal residents from around the globe – especially Europe and

South America – and is also home to a vibrant year-round community of locals. Today, it’s a thriving

center of outdoor culture, nightlife, retail, dining and a powerhouse of luxury real estate. At the south

end of Miami Beach is South Beach. From the tip of South Pointe Park at South Pointe Drive to 22nd

Street, you’ll find sensational condominiums, luxury townhouses, historic Art Deco apartments, hidden

estates, and world-class hotels and resorts.

A world of contrasts and intrigue, everyone on Miami Beach coexists comfortably – Ferraris sharing

space with cyclists, retirees and weekend warriors, plus everyone in between all lured together

by the island’s magnetic appeal and electric sunshine.

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2,122

2,150

2,101 2,0812,0542,039 2,031

2,079

2,127

2,176

2,216

2,238

232 188

273

293

262

214193

218 225

156

181

292 292

327

371

294

223221

221218

215

243

197

274

Miami BeachJanuary 2014 - December 2014

Current vs. Prev Month Current vs. 12 Months Ago

Dec Nov % Change Dec Jan % Change

For Sale 2238 2216 1% 2238 2122 5.5%

Sold 181 156 16% 181 232 -22%

Pended 221 197 12.2% 221 292 -24.3%

Avg. Sq. Ft. Price ($) 905 704.8 28.4% 905 667.4 35.6%

Months of Inventory (Closed Sales)

12.4 14.2 -12.7% 12.4 9.1 36.1%

Date Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

For Sale 2122 2150 2101 2081 2039 2031 2054 2079 2127 2176 2216 2238

New Listing 666 524 518 604 484 417 464 496 481 515 433 457

Sold 232 188 273 293 274 262 214 193 218 225 156 181

Pended 292 292 327 371 294 223 221 218 215 243 197 221

Months of Inventory (Closed Sales) 9.1 11.4 7.7 7.1 7.4 7.8 9.6 10.8 9.8 9.7 14.2 12.4

Months of Inventory (Pended Sales) 7.3 7.4 6.4 5.6 6.9 9.1 9.3 9.5 9.9 9 11.2 10.1

Absorption Rate (Closed Sales) % 10.9 8.7 13 14.1 13.4 12.9 10.4 9.3 10.2 10.3 7 8.1

Absorption Rate (Pended Sales) % 13.8 13.6 15.6 17.8 14.4 11 10.8 10.5 10.1 11.2 8.9 9.9

Avg. Active Price (1,000) 1559 1547 1537 1525 1503 1536 1561 1534 1517 1544 1550 1632

Avg. Sold Price (1,000) 894 640 943 867 1027 781 860 990 659 759 877 1331

Avg. Sq. Ft. Price 667 564 704 677 716 650 618 696 568 642 705 905

Sold/List Diff. % 91 94 93 91 92 93 93 93 94 93 93 94

Sold/Orig LP Diff. % 91 93 93 89 90 91 88 91 92 92 90 93

Days on Market 95 91 99 99 96 90 104 101 91 111 110 122

Median 355 344 385 350 428 331 408 390 363 325 344 432

For Sale

Sold

Pended

Number of Residenceson the Market

Months of Inventory(Closed Sales)

Average PricePer Square Foot ($)


9.1

11.4

7.7

7.17.4

7.8

9.6

10.89.8 9.7

14.2

12.4


667

564

704677

716

650618

696

568

642

705

905

Activity on South Beach remained fairly consistent throughout the year, with high season coming between March and May. An average of 485 residences sold or were under contract for sale per month, compared to an average of 610 between March-May 2014. Buyers had some wiggle room when it came to negotiating the final sales price; on average, sales prices ranged from a low of 88% in July to a high of 93% in December. The year ended on a strong note, with average active prices and sales prices at their highest in December, at $1,632,000 and $1,331,000 respectively. Also a sign of increasing market strength, the average price per square foot was $905 in December, up nearly 36% over the average of $667 in January.

*All data on this page courtesy of Trendgraphix, 1/1/2014-12/31/2014. *All data on this page courtesy of Trendgraphix, 1/1/2014-12/31/2014.

South of FifthCondominiumsJanuary 2014 - December 2014

Current vs. Prev Month Current vs. 12 Months Ago

Dec Nov % Change Dec Jan % Change

For Sale 88 87 1.1% 88 105 -16.2%

Sold 9 4 125% 9 12 -25%

Pended 5 9 -44.4% 5 12 -58.3%

Avg. Sq. Ft. Price ($) 2063 701.3 194.2% 2063 1076.9 91.6%

Months of Inventory (Closed Sales)

9.8 21.8 -55.2% 9.8 8.8 11.4%

Date Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

For Sale 105 110 99 94 86 84 86 85 81 82 87 88

New Listing 31 26 15 19 19 22 15 15 10 21 20 16

Sold 12 5 12 16 14 17 8 3 7 9 4 9

Pended 12 13 12 16 14 8 3 6 7 5 9 5

Months of Inventory (Closed Sales) 8.8 22 8.3 5.9 6.1 4.9 10.8 28.3 11.6 9.1 21.8 9.8

Months of Inventory (Pended Sales) 8.8 8.5 8.3 5.9 6.1 10.5 28.7 14.2 11.6 16.4 9.7 17.6

Absorption Rate (Closed Sales) % 11.4 4.5 12.1 17 16.3 20.2 9.3 3.5 8.6 11 4.6 10.2

Absorption Rate (Pended Sales) % 11.4 11.8 12.1 17 16.3 9.5 3.5 7.1 8.6 6.1 10.3 5.7

Avg. Active Price (1,000) 2956 3019 3352 3315 3543 3688 3874 3975 4017 3997 4134 3939

Avg. Sold Price (1,000) 1853 2390 2851 1929 1267 1852 1190 3016 1471 1931 859 4546

Avg. Sq. Ft. Price 1077 1440 1620 1210 990 1091 991 1529 1007 1105 701 2063

Sold/List Diff. % 94 98 97 91 96 92 95 90 92 91 94 92

Sold/Orig LP Diff. % 95 98 88 89 95 90 101 87 91 89 93 92

Days on Market 102 106 97 115 83 111 167 151 85 137 163 151

Median 1430 1740 1500 1743 954 1500 889 3050 758 1450 809 1080

For Sale

Sold

Pended

Number of Residenceson the Market


105

110

99

94

868684 85

8182

87 88

12

5

1216 14

17

83

7 9

4

9

12 121316 14

67

5 598

3


8.8

22

8.3 5.9 6.14.9

10.8

28.3

11.69.1

21.8

9.8

Months of Inventory(Closed Sales)

Average PricePer Square Foot ($)


1,077

1,440

1,620

1,210

9901,091

991

1,529

1,0071,105

701

2,063

Although small in area, South of Fifth remains one of the most desirable and in demand neighborhoods in all of Miami. With many luxury condominiums offering privacy, spectacular views, and unbeatable views. Average prices per square foot hit a yearly high in December of $2,063, higher than any other month by more than $400, and a 91% over prices in January. Sales and units under contract for sale were busier during the first half of 2014, and available inventory showed a slight decline over 2014 from beginning to end. Prices per square foot showed a marked rise year-over-year, with average prices going from $991 in 2013 to $1,226 in 2014, a nearly 24% increase at these luxury SoFi condominiums.

*All data on this page courtesy of Trendgraphix, 1/1/2014-12/31/2014. *All data on this page courtesy of Trendgraphix, 1/1/2014-12/31/2014.

PREMIER SOUTH BEACHLUXURY CONDOMINIUMSActivity & Analysis

Continuum (North Tower)50 South Pointe Drive, Miami Beach, FL 33139

Built in 2007

Continuum is a two-tower complex on some of the most coveted Miami Beach property. It occupies

the oceanfront space overlooking South Pointe Park and boasts a 37-story North Tower home to

203 residences. The South Tower offers 318 luxury condos in a variety of floor plans. The complex is

hangout for celebrities and international elite, with spectacular pools, gardens, tennis courts, walking

paths, 1,000 feet of white sand beach, and world-class spa and fitness center.

PendingSales

At the close of 2014, there was only 1 unit under contract for sale.

Unit List Date BD BA Sq. Ft. Orig. List $ List $ $/SF

1905 2/3/14 2 2.5 1698 3,250,000 3,250,000 1,914.02

UnitClosed Date

BD BA Sq. Ft. Orig. List $ List $ Sold $ SP/OLP % Days/Mkt $/SF

2601 4/18/14 3 4.5 3,457 12,600,000 9,051,000 9,500,000 75.40 271 2,748.05

TH7 2/15/14 4 4.5 3,341 4,883,000 4,883,000 4,600,000 94.20 1,383 1,376.83

702 6/30/14 3 3 2,190 4,900,000 4,459,000 4,150,000 84.69 192 1,894.98

3104 2/28/14 3 3.5 2306 3,975,000 3,975,000 4,300,000 108.18 20 1,864.70

3403 1/31/14 2 2.5 1,903 3,699,000 3,699,000 3,350,000 90.57 183 1,760.38

2605 3/19/14 2 2.5 1862 3,699,000 3,699,000 3,600,000 97.32 6 1,933.40

1605 5/1/14 2 2.5 1,606 3,060,000 3,060,000 2,500,000 81.70 112 1,556.66

1705 10/15/14 2 2.5 1606 2,875,000 2,875,000 2,800,000 97.39 121 1,743.46

1505 8/1/14 2 2.5 1,698 2,700,000 2,600,000 2,450,000 90.74 90 1,442.87

703 9/11/14 2 2.5 1491 2,600,000 2,600,000 2,450,000 94.23 32 1,643.19

1406 4/21/14 2 2.5 1,698 2,650,000 2,550,000 2,375,000 89.62 119 1,398.70

1007 3/7/14 2 2.5 1443 2,200,000 2,200,000 2,085,000 94.77 22 1,444.91

610 3/11/14 1 1.5 909 1,300,000 1,300,000 1,200,000 92.31 31 1,320.13

611 3/15/14 1 1.5 992 1,100,000 1,100,000 1,050,000 95.45 1,386 1,058.47

507 7/15/14 1 1 760 955,000 1,050,000 1,040,000 108.90 1,595 1,368.42

615 12/30/14 0 1 747 952,875 952,875 935,000 98.12 139 1,251.67

616 7/15/14 1 1 640 850,000 935,000 905,000 106.47 1,582 1,414.06

514 8/1/14 1 1 638 800,000 880,000 872,000 109.00 1,594 1,366.77

601 7/15/14 1 1 760 790,000 790,000 770,000 97.47 61 1,013.16

ActiveSales

ClosedSales

One of the newer buildings in SoFi, demand is always high. Expect to pay anywhere from $1,275-$3,800+/SF here. Prices generally increase as you move up the building, with views at the Continuum North being placed at a premium.

Be prepared to pay close to asking price for units at Continuum North. With demand so high, sellers received an average of 95% of the original list price. Average prices per square foot in 2014 were $1,695, up $89 from 2013 - an appreciation of 5.5%.


801 12/31/14 6 6.2 7200 27,800,000 27,800,000 3,861.11

1402/3 7/22/14 4 4 3497 13,900,000 12,800,000 3,660.28

3502 11/7/14 3 3.5 3030 10,450,000 10,450,000 3,448.84

1101/8 11/21/14 4 4 3497 9,950,000 9,950,000 2,845.30

2401 7/3/14 3 4.5 2872 9,500,000 9,500,000 3,307.80

2704 9/17/14 3 3.5 3,244 8,900,000 8,900,000 2,743.53

2801 12/2/14 3 3.5 2621 6,500,000 6,500,000 2,479.97

2803 6/30/14 3 3.5 2306 6,000,000 6,000,000 2,601.91

2603 10/29/14 2 2.5 1862 5,400,000 5,400,000 2,900.11

TH-3 4/16/14 2 3.5 2556 4,500,000 5,000,000 1,956.18

1007 8/5/14 2 2.5 1443 3,175,000 3,175,000 2,200.78

707 9/29/14 2 2.5 1443 2,750,000 2,749,000 1,905.06

Loft 4 6/30/14 1 1.5 1667 2,199,000 2,400,000 1,439.71

601 8/5/14 1 1 742 1,195,000 1,195,000 1,610.51

CAB-9 7/23/14 0 1 435 1,100,000 1,100,000 2,528.74

607 6/30/14 0 1 747 895,000 1,090,000 1,459.17

512 7/16/14 0 1 747 952,875 952,875 1,275.60

To view a list of currently available inventory, click here.

http://www.worldwideproperties.com/featured-condo/continuum-north/

Continuum (South Tower)100 South Pointe Drive, Miami Beach, FL 33139

Built in 2002

Continuum is a two-tower complex on some of the most coveted Miami Beach property. It occupies

the oceanfront space overlooking South Pointe Park and boasts a 37-story North Tower home to

203 residences. The South Tower offers 318 luxury condos in a variety of floor plans. The complex is

hangout for celebrities and international elite, with spectacular pools, gardens, tennis courts, walking

paths, 1,000 feet of white sand beach, and world-class spa and fitness center.

PendingSales

Just as with Continuum North, only one unit - a studio, was under contract for sale at the end of 2014, with an original list price of $999,999.


401 10/30/14 0 1 n/a 999,000 999,000 n/a

UnitClosed Date


3602/3/4 12/17/14 7 6.5 8,229 29,900,000 29,900,000 27,500,000 91.97 392 3,341.84

2904 12/31/14 3 3.5 2985 9,995,000 9,995,000 9,600,000 96.05 80 3,216.08

3307 3/26/14 3 3.5 2954 8,995,000 8,995,000 8,400,000 93.39 47 2,843.60

1104 9/9/14 2 2.5 2292 5,950,000 5,950,000 5,400,000 90.76 102 2,356.02

1006 4/7/14 3 3.5 2508 6,200,000 5,850,000 5,550,000 89.52 547 2,212.92

1404 7/18/14 2 2.5 2292 5,400,000 5,400,000 5,175,000 95.83 11 2,257.85

TH-7 6/27/14 3 3.5 2365 5,100,000 5,100,000 4,250,000 83.33 97 1,797.04

3706 5/15/14 2 2.5 2048 4,600,000 4,600,000 4,500,000 97.83 7 2,197.27

2706 4/29/14 2 2.5 1870 4,400,000 4,400,000 3,900,000 88.64 70 2,085.56

1510 1/14/14 3 3 2122 4,244,000 4,244,000 4,200,000 98.96 28 1,979.26

2607 8/18/14 2 2.5 1757 4,200,000 4,200,000 3,600,000 85.71 62 2,048.95

1608 4/8/14 2 2.5 1757 3,975,000 3,975,000 3,650,000 91.82 285 2,077.40

2506 1/7/14 2 2.5 1870 3,500,000 3,800,000 3,700,000 105.71 124 1,978.61

1405 2/7/14 2 2.5 1869 3,275,000 3,275,000 3,000,000 91.60 16 1,605.14

3001 7/17/14 2 2 1438 3,200,000 3,075,000 2,950,000 92.19 55 2,051.46

809 7/3/14 2 2.5 1595 2,850,000 2,850,000 2,750,000 96.49 105 1,724.14

902 10/6/14 1 1.5 1201 1,950,000 1,925,000 1,775,000 91.03 173 1,477.94

802 10/15/14 1 1.5 1201 1,899,000 1,899,000 1,725,000 90.84 358 1,436.30

CAB-9 5/2/14 1 1 400 1,500,000 1,300,000 1,200,000 80.00 50 3,000.00

ActiveSales

ClosedSales

Built before its North counterpart, units at the Continuum South are just as expensive. At the close of 2014, prices ranged from $1,428-$5,571/SF, although average prices for most units fell within $2,000-$2,500/SF. The most expensive units are not necessarily the ones on the top floors. Amenities, views and finishes can affect price dramatically.

Buyers at the Continuum South have a little bit more flexibility to negotiate price than at Continuum North. Sales here ranged from 80-96% of the original list price, depending on the unit.Sales prices made a dramatic increase from 2013, with average prices per square foot rising from $1,591 to $2,405 in 2014, a substantial 51.1% increase.


3003 1/31/13 3 3.5 3500 19,500,000 19,500,000 5,571.43

2405 10/9/14 3 3 2847 9,995,000 9,995,000 3,510.71

2008 4/19/14 3 3 3353 9,000,000 7,950,000 2,371.01

TH-6 6/19/14 3 4.5 2365 6,500,000 6,500,000 2,748.41

510 6/4/14 3 3 2122 4,950,000 4,850,000 2,285.58

704 2/25/14 2 2.5 2292 5,495,000 4,795,000 2,092.06

3106 10/6/14 2 2.5 2048 5,100,000 4,600,000 2,246.09

810 12/10/14 3 3.5 2122 4,600,000 4,600,000 2,167.77

1610 10/21/14 3 3 2122 4,499,000 4,499,000 2,120.17

905 11/18/14 2 2.5 1869 4,250,000 3,990,000 2,134.83

1801 12/17/14 2 2.5 1591 3,579,000 3,579,000 2,249.53

701 10/23/14 2 2.5 1591 3,200,000 3,200,000 2,011.31

703 11/3/14 1 1.5 1365 1,950,000 1,950,000 1,428.57


http://www.worldwideproperties.com/featured-condo/continuum-south/

Portofino Tower Miami Beach is the tallest building in South Beach and one of the first major luxury

towers to hit the area, making it an iconic South of Fifth structure. Features and services come in equal

measure at Portofino Tower, with extravagant penthouses, flourishing landscapes, a mammoth

four-story lobby, swimming pools, tennis courts, fully equipped spa and movie theater, and 200 units

with outdoor terraces and nine-foot ceilings.

Portofino Tower300 South Pointe Drive, Miami Beach, FL 33139

Built in 1997

UnitClosed Date


1203 4/23/14 3 2.5 2340 3,450,000 3,450,000 3,250,000 94.20 18 1,388.89

2806 9/25/14 2 2.5 2040 3,395,000 3,395,000 2,900,000 85.42 186 1,421.57

301 1/3/14 3 2.5 2340 2,800,000 2,800,000 2,500,000 89.29 189 1,068.38

2502 12/9/14 2 2.5 2040 2,790,000 2,790,000 2,590,000 92.83 84 1,269.61

1102 4/10/14 2 2.5 2040 2,495,000 2,495,000 2,000,000 80.16 214 980.39

1604 6/11/14 2 2.5 2040 2,450,000 2,450,000 2,300,000 93.88 57 1,127.45

1104 7/15/14 2 2.5 2040 2,400,000 2,250,000 2,050,000 85.42 205 1,004.90

1406 3/14/14 3 2.5 2040 2,199,000 2,199,000 1,850,000 84.13 88 906.86

1204 1/31/14 2 2.5 2040 2,120,000 2,050,000 1,900,000 89.62 247 931.37

908 6/20/14 1 1.5 1090 1,095,000 980,000 900,000 82.19 113 825.69

ActiveSales

ClosedSales

One of the most iconic buildings South of Fifth, Portofino offers units for sale ranging from less than $1M to the penthouse, offered at $13,750,000. Most units, however, ask between $2,500,000-$5,000,000. Buyers here can generally expect to pay between $1,000-$2000/SF for a residence here.

Buyers here have a little more flexibility when it comes to purchase price, with closed sales averaging 82-94% of the list price. Closed sales reflect a trend that higher prices are found on higher floors, as views get better the higher one gets. Average prices per square foot closed at $1,109 in 2014, a modest 7.8% jump from 2013 ($1,029/SF).


PH-3 5/13/14 4 5.5 5680 14,900,000 13,750,000 2,420.77

LP4004 12/24/14 4 4 4100 10,000,000 10,000,000 2,439.02

3105 7/16/13 3 4.5 5450 7,100,000 6,000,000 1,100.92

305 11/17/14 3 2.5 2340 4,700,000 4,700,000 2,008.55

1505 3/4/14 3 2.5 2340 4,350,000 4,600,000 1,965.81

1501 10/23/14 3 2.5 2340 4,299,000 4,299,000 1,837.18

2005 5/6/14 3 2.5 2340 3,900,000 3,899,000 1,666.24

2101 10/15/14 3 2.5 2340 3,500,000 3,500,000 1,495.73

2004 12/22/14 2 2.5 2040 3,150,000 3,150,000 1,544.12

403 11/10/14 3 2.5 2340 2,900,000 2,900,000 1,239.32

2506 11/17/14 2 2.5 2040 2,725,000 2,725,000 1,335.78

402 5/19/14 2 2 1500 1,550,000 1,700,000 1,133.33

704 8/4/14 1 1.5 1160 975,000 970,000 836.21


http://www.worldwideproperties.com/featured-condo/portofino-tower/

Set oceanfront, adjacent to Collins Park, the W South Beach Hotel & Residences puts you right in the

middle of the excitement. Every private residence at this stunning tower is fully finished and designed to

meet your every need. Owners can choose from a range of floor plans – including to-die-for

penthouses – and enjoy full access to the world of W luxury, with concierge services, beach club

membership, tennis, basketball, spa and gym, fine restaurants and more.

Apogee800 South Pointe Drive, Miami Beach, FL 33139

Built in 2007

ActiveSales

With only 67 residences in the building, units come available somewhat infrequently. There were only four listings active at the close of 2014. Average prices per square foot range from $2,800 to more than $3,900, depending on the size and floor of the unit.


2001 6/8/14 4 3.5 4,154 16,250,000 16,250,000 3,911.89

1201 8/27/14 4 3.5 4,154 14,995,000 14,995,000 3,609.77

1203 12/4/14 3 3.5 3,103 8,950,000 8,950,000 2,884.31

603 10/1/14 3 3 3,103 8,700,000 8,700,000 2,803.74


UnitClosed Date


1403 1/17/14 3 3.5 3,103 8,250,000 8,250,000 8,000,000 96.97 173 2,578.15

1203 10/31/14 3 3.5 3,103 7,000,000 8,000,000 7,240,000 103.43 418 2,333.23

ClosedSales

Two units closed in 2014, both identical in size and view, with the unit on the higher floor closing for an average of $245/SF more. The purchasers of both units paid 97% and 103.4% of the original asking price, respectively. Four units closed in 2013 at an average of $2,361/SF, with prices increasing by 4% to an average of $2,455/SF in 2014.

http://www.worldwideproperties.com/featured-condo/apogee-south-beach/

Murano at Portofino is an affluent, 37-story waterfront residential development in Miami Beach, and a

pioneering tower in what has become the ultra-trendy South of Fifth (SoFi) district. Built in 2001, Murano

at Portofino is located directly on Biscayne Bay adjacent to the Miami Beach Marina. The complex has

three tiers spread over 4.5 acres and 600 feet of bayfront.

Murano at Portofino1000 South Pointe Drive, Miami Beach, FL 33139

Built in 2002

UnitClosed Date


1101 4/9/14 3 4.5 3,365 6,200,000 5,950,000 5,500,000 88.71 140 1,634.47

PH-4 1/24/14 3 3 2,850 4,600,000 4,600,000 4,125,000 89.67 243 1,447.37

3002 3/14/14 3 3.5 2,618 4,000,000 3,999,000 3,850,000 96.25 53 1,470.59

2802 6/17/14 3 3.5 2,618 3,950,000 3,950,000 3,850,000 97.47 125 1,470.59

1804 12/8/14 3 3 2,190 3,449,000 3,499,000 3,200,000 92.78 192 1,461.19

PH-3 10/16/14 2 2.5 2,008 3,699,000 3,499,000 3,250,000 87.86 224 1,618.53

804 10/20/14 3 3 2,190 2,950,000 2,950,000 2,600,000 88.14 43 1,187.21

1405 5/7/14 2 2.5 1,407 2,100,000 2,100,000 2,000,000 95.24 6 1,421.46

1107 4/18/14 2 2.5 1,390 1,995,000 1,995,000 1,850,000 92.73 46 1,330.94

1605 10/16/14 2 2.5 1,407 2,300,000 1,995,000 1,750,000 76.09 53 1,243.78

1507 2/25/14 2 2.5 1,390 1,950,000 1,950,000 1,740,000 89.23 29 1,251.80

1606 12/22/14 1 1.5 1,008 999,000 999,000 980,000 98.10 69 972.22

TH-A3 11/20/14 1 1.5 1,207 995,000 995,000 965,000 96.98 196 799.50

ActiveSales

ClosedSales

There are nine active units at the close of 2014, with listing prices increasing as the floor gets higher. One of the most expensive listings, TH-M4, is a 3-story townhouse larger in size than other available units but still offering the same building amenities.

Closed units ranged in price from $799-1,634/SF, with variances due to unit floor, views, size and finishes. Generally speaking, certain sellers appeared motivated to close quickly by accepting reduced offers, with buyers paying anywhere from 76-98% of the original asking price in 2014.Compared to 2013, average prices per square foot were quite close in 2014, with a modest increase from $1,352 to $1,390/SF, less than a 3% bump in price.


3501 5/23/12 3 3.5 3,365 8,000,000 7,100,000 2,109.96

TH-M4 10/1/14 3 4.5 3,100 7,000,000 7,000,000 2,258.06

3702 10/16/14 3 3.5 2,618 5,450,000 4,995,000 1,907.95

1802 9/24/13 3 3.5 2,618 4,199,000 4,975,000 1,900.31

2602 11/1/14 3 3.5 2,618 4,700,000 4,700,000 1,795.26

2402 10/10/14 3 3.5 2,618 4,299,000 4,299,000 1,642.09

1408 6/25/14 2 2 1,791 3,100,000 2,495,000 1,393.08

808 11/3/14 2 2.5 1,791 2,295,000 2,295,000 1,281.41

506 1/21/14 1 1.5 1,008 1,095,000 899,000 891.87


http://www.worldwideproperties.com/featured-condo/murano-at-portofino/

Murano Grande is a large complex of three connected towers containing 270 residences and

penthouses in a variety of floor plans. The waterfront building towers over the South of Fifth

neighborhood, providing residents with magnificent views of the ocean and the city. Units are modern

and ultra-luxurious, with gourmet-style kitchens, indulgent baths, spacious living areas and designer

fittings throughout.

PendingSales


1109 8/12/14 2 2 1,437 1,299,000 1,299,000 903.97

Murano Grande400 Alton Road, Miami Beach, FL 33139

Built in 2003

UnitClosed Date


3401 10/21/14 3 3.5 3,990 6,920,000 7,100,000 6,500,000 93.93 387 1,629.07

PH06 10/27/14 2 2 2,183 4,395,000 3,950,000 3,700,000 84.19 268 1,694.92

2104 6/20/14 3 3 2,974 3,900,000 3,900,000 3,400,000 87.18 210 1,143.24

2303 4/22/14 3 3.5 3,058 3,895,000 3,895,000 3,516,000 90.27 66 1,149.77

2103 6/26/14 3 3.5 3,058 3,650,000 3,650,000 3,500,000 95.89 81 1,144.54

1706 9/29/14 3 3 2,024 3,000,000 3,000,000 2,775,000 92.50 68 1,371.05

1906 7/13/14 3 3 2,024 2,650,000 2,950,000 2,700,000 101.89 297 1,333.99

1201 6/27/14 2 2.5 2,003 2,550,000 2,550,000 2,250,000 88.24 160 1,123.32

1001 7/30/14 2 2.5 2,003 2,799,000 2,499,000 2,400,000 85.74 218 1,198.20

2208 6/12/14 2 2.5 1,600 2,395,000 2,395,000 2,200,000 91.86 24 1,375.00

1708 4/30/14 2 2.5 1,600 1,850,000 1,850,000 1,700,000 91.89 93 1,062.50

1204 5/28/14 2 2.5 1,425 1,735,000 1,735,000 1,715,000 98.85 10 1,203.51

PH7 10/10/14 2 2 1,759 1,699,999 1,699,999 1,650,000 97.06 128 938.03

1610 4/1/14 2 2.5 1,548 1,600,000 1,699,000 1,625,000 101.56 41 1,049.74

1004 5/29/14 2 2.5 1,425 1,690,000 1,690,000 1,695,000 100.30 33 1,189.47

2607 2/14/14 2 2 1,658 1,650,000 1,650,000 1,650,000 100.00 9 995.17

1607 5/30/14 2 2 1,658 1,450,000 1,450,000 1,385,000 95.52 66 835.34

2207 3/31/14 2 2 1,658 1,600,000 1,400,000 1,350,000 84.38 139 814.23

602 10/20/14 2 2.5 1,874 1,395,000 1,395,000 1,270,000 91.04 277 677.69

1011 10/8/14 2 2 1,649 1,355,000 1,355,000 1,270,000 93.73 56 770.16

810 1/15/14 2 2.5 1,548 1,300,000 1,300,000 1,075,000 82.69 35 694.44

505 1/6/14 2 2 1,400 1,298,000 1,298,000 1,150,000 88.60 55 821.43

504 5/2/14 2 2 1,425 1,290,000 1,290,000 1,060,000 82.17 69 743.86

TH-4M 3/24/14 1 1.5 1,310 1,195,000 1,195,000 1,150,000 96.23 18 877.86

809 4/21/14 2 2 1,437 1,100,000 1,100,000 1,030,000 93.64 64 716.77

ActiveSales

ClosedSales

Murano Grande was one of the busier buildings South of Fifth, with 18 active listings at the close of 2014. Active units range in size from 2 bedrooms and up, and with listings ranging from $830-$2500/SF, although most listings range from $960-$1,500/SF.

Closed sales averaged more than one transaction per month at the Murano Grande. Generally speaking, buyers paid anywhere from 82% to slightly more than the original asking price for residences here. Average closed prices showed a slight uptick from 2013, with average prices per square foot going from $965 to $1,112 in 2014 - approximately a 15% increase this past year.


PH-B 10/13/14 3 3 4,379 12,900,000 10,950,000 2,500.57

2501 11/20/14 4 4.5 3,979 8,900,000 8,900,000 2,236.74

2106/7 11/23/14 3 3.5 3,772 7,600,000 7,600,000 2,014.85

2101 10/20/14 4 4.5 3,990 6,250,000 5,995,000 1,502.51

LPH3 4/2/14 3 3.5 3,284 5,900,000 5,900,000 1,796.59

2804 12/10/14 3 3.5 2,974 5,750,000 5,750,000 1,933.42

3403 10/31/14 3 3.5 3,284 5,495,000 5,495,000 1,673.26

2306 11/5/14 2 2 2,024 3,250,000 3,250,000 1,605.73

701 12/5/14 2 2.5 2,003 2,595,000 2,595,000 1,295.56

2207 2/7/14 2 2 1,658 1,999,000 1,998,000 1,205.07

2607 10/7/14 2 2 1,759 1,825,000 1,750,000 994.88

2407 5/27/14 2 2 1,658 1,595,000 1,595,000 962

604 10/29/14 2 2.5 1,425 1,595,000 1,595,000 1,119.30

1010 6/6/14 2 2.5 1,548 1,599,000 1,549,000 1,000.65

505 12/19/14 2 2 1,400 1,495,000 1,495,000 1,067.86

2209 8/19/14 2 2 1,437 1,395,000 1,395,000 970.77

1007 11/25/14 2 2 1,658 1,475,000 1,475,000 889.63

709 10/13/14 2 2 1,437 1,199,000 1,199,000 834.38


http://www.worldwideproperties.com/featured-condo/murano-grande/

ICON South Beach is a 40-story high-rise perched over Biscayne Bay, greeting you as you enter South

Beach from the MacArthur Causeway. The beautiful tower was created by Philippe Starck and the

Related Group, and delivers a lavish lifestyle for 289 condos, all of which include luxurious features

such as walk-in closets, European cabinetry, high ceilings and large terraces.

Icon South Beach450 Alton Road, Miami Beach, FL 33139

Built in 2005

ActiveSales

Icon closed 2014 with more active units than any other SoFi building, with 28 currently active listings. The two most expensive listings are the result of owners combining multiple units into one, providing unique ownership opportunities. Average prices per square foot ranged from $816-$2403, although buyers can generally expect to pay between $1,100 and $1,650/SF.


1901-2 12/2/14 3 3.5 4,078 9,800,000 9,800,000 2,403.14

1801-3 4/3/14 4 4.5 4,303 6,300,000 6,300,000 1,464.09

3503 n/a 3 3 2,158 3,700,000 3,700,000 1,714.55

2202 9/19/12 2 2.5 1,933 2,189,000 3,589,000 1,856.70

2302 7/30/14 2 2.5 1,933 3,250,000 3,250,000 1,681.32

2302 7/30/14 2 2.5 1,933 3,250,000 3,250,000 1,681.32

1903 7/15/14 3 3 2,158 3,300,000 3,200,000 1,482.85

2902 11/17/14 2 2.5 1,933 2,995,000 2,995,000 1,549.41

3207 4/22/14 2 2.5 1,815 2,985,000 2,985,000 1,644.63

2002 4/19/14 2 2.5 1,933 2,699,000 2,699,000 1,396.28

3410 8/20/14 2 2 1,370 2,250,000 2,250,000 1,642.34

3004 5/14/14 2 2 1,536 1,800,000 2,100,000 1,367.19

705 11/11/14 3 2.5 1,750 2,100,000 2,100,000 1,200

902 12/30/14 2 2.5 1,933 2,100,000 1,995,000 1,032.07

3206 2/17/14 2 2 1,452 1,900,000 1,900,000 1,308.54

1610 9/10/14 2 2 1,370 1,800,000 1,800,000 1,313.87

3504 n/a 2 2 1,536 2,050,000 1,799,000 1,171.22

2206 6/30/14 2 2 1,452 1,800,000 1,750,000 1,205.23

1810 9/29/14 2 2 1,370 1,750,000 1,750,000 1,277.37

1910 9/22/14 2 2 1,370 1,730,000 1,730,000 1,262.77

2910 9/30/14 2 2 1,370 1,995,000 1,729,000 1,262.04

3106 8/13/14 2 2 1,452 1,695,000 1,695,000 1,167.36

2006 5/2/14 2 2 1,452 1,690,000 1,690,000 1,163.91

1406 5/21/14 2 2 1,452 1,425,000 1,425,000 981.4

1506 10/1/13 2 2 1,452 1,300,000 1,450,000 998.62

806 11/10/14 2 2 1,452 1,375,000 1,299,000 894.63

2208 1/17/14 1 1.5 851 659,000 699,000 821.39

1508 8/26/14 1 1.5 851 695,000 695,000 816.69

1608 9/12/14 1 1.5 851 695,000 695,000 816.69


http://www.worldwideproperties.com/featured-condo/icon-south-beach/

ICON South Beach is a 40-story high-rise perched over Biscayne Bay, greeting you as you enter South

Beach from the MacArthur Causeway. The beautiful tower was created by Philippe Starck and the

Related Group, and delivers a lavish lifestyle for 289 condos, all of which include luxurious features

such as walk-in closets, European cabinetry, high ceilings and large terraces.

Icon South Beach (cont.)450 Alton Road, Miami Beach, FL 33139

Built in 2005


UnitClosed Date


3302/4 4/10/14 3 3.5 3,469 5,200,000 4,950,000 4,800,000 92.31 124 1,383.68

2201 1/6/14 3 3.5 2,145 3,750,000 3,750,000 3,450,000 92.00 124 1,608.39

3603 9/15/14 3 3 2,158 3,525,000 3,475,000 3,000,000 85.11 97 1,390.18

2503 8/4/14 3 3 2,158 3,380,000 3,380,000 3,050,000 90.24 175 1,413.35

3502 9/16/14 2 2.5 1,933 2,700,000 2,700,000 2,630,000 97.41 0 1,360.58

2805 5/30/14 2 2.5 1,750 2,690,000 2,496,000 2,100,000 78.07 305 1,200.00

2907 10/20/14 2 2.5 1,815 2,450,000 2,450,000 2,400,000 97.96 7 1,322.31

907 4/2/14 2 2.5 1,815 2,300,000 2,300,000 2,140,000 93.04 110 1,179.06

2102 3/24/14 2 2.5 1,933 2,299,000 2,299,000 2,200,000 95.69 101 1,138.13

1507 4/30/14 2 2.5 1,815 1,295,000 2,295,000 1,850,000 142.86 132 1,019.28

2407 5/2/14 2 2.5 1,815 2,150,000 2,150,000 2,100,000 97.67 10 1,157.02

3507 6/18/14 2 2.5 1,815 2,150,000 2,150,000 2,150,000 100.00 595 1,184.57

1705 3/24/14 2 2.5 1,750 1,875,000 1,875,000 1,800,000 96.00 113 1,028.57

2004 4/23/14 2 2 1,536 1,150,000 1,800,000 1,600,000 139.13 753 1,041.67

3310 3/19/14 2 2 1,370 1,800,000 1,800,000 1,750,000 97.22 54 1,277.37

2206 3/17/14 2 2 1,452 1,490,000 1,490,000 1,450,000 97.32 88 998.62

610 1/15/14 2 2 1,370 1,250,000 1,250,000 1,110,000 88.80 59 810.22

3308 3/17/14 1 1 851 715,000 715,000 715,000 100.00 18 840.19

1708 9/5/14 1 1.5 851 650,000 699,000 672,500 103.46 384 790.25

2708 4/28/14 1 1.5 851 674,900 674,900 660,000 97.79 45 775.56

2508 1/17/14 1 1.5 851 648,000 648,000 643,000 99.23 10 755.58

1008 3/13/14 1 1.5 851 599,000 599,000 570,000 95.16 176 669.80

ClosedSales

Closed sales ranged from $669-$1,608/SF, although most units range in price from $1,000-$1320/SF. Buyers looking to purchase at the Icon need to be vigilant: five of the units that closed at the Icon did so in 18 days or less. Prices showed strong gains from 2013, with closed sales averaging $1,000/SF in 2013 compared to $1,178/SF in 2014, a 17.8% increase.

http://www.worldwideproperties.com/featured-condo/icon-south-beach/

One of South Beach’s most exclusive properties, Ocean House is a magnificent revamp of the historic

Walburne Hotel. Located in the chic South of Fifth district, the complex comprises only 28 units: nine

lofts, 10 condominiums, three penthouses, three cabanas and three two-story beach houses. All of the

units feature stunning, unobstructed ocean views, private elevator and spacious floor plans from 1,300

to 6,200 square feet.

Ocean House125 Ocean Drive, Miami Beach, FL 33139

Built in 2008


UnitClosed Date


F-0204 6/23/14 1 1.5 1,219 2,200,000 2,200,000 1,950,000 88.6 52 1,599.67

L-0201 4/30/14 1 1.5 1,598 1,550,000 1,550,000 1,103,989 71.2 42 690.86

ActiveSales

PendingSales

ClosedSales

Located toward the tip of South Beach, units at the Ocean house are not often available. At the end of the year, there were only 2 active listings. With prices at more than $2,000/SF, these residences are for the most discerning buyers.

Only one residence was under contract for sale at the end of 2014, a 2-bedroom unit originally listed at $2.79M.

Two 1-bedroom units closed during 2014, with both units closing in 52 and 42 days respectively, indicating that all negotiations were handled quickly prior to closing. The average price per square foot for closed sales was $1,025 in 2014, while average prices in 2013 was $2,075/SF, with the difference in price due in part to the sale of a $15M penthouse. Average prices per square foot without the penthouse sale were $1,232/SF in 2013.


BH203 1/9/14 5 7.5 6,600 15,000,000 15,000,000 2,272.72

U-0204 7/8/14 3 2.2 2,800 5,900,000 5,750,000 2,053.57


L-0104 11/28/14 2 2.5 1,644 2,790,000 2,790,000 1,697.08

http://www.worldwideproperties.com/featured-condo/ocean-house/

Il Villaggio is an ultra-luxury Miami Beach condo set right on the water, featuring a stunning collection

of residences that come standard with floor-to-ceiling windows, large terraces, marble floors, Miele

kitchen appliances, Kohler bathrooms and more. Residents also enjoy concierge, valet, 24-hour

security, a sauna, private beach and heated infinity-edge pool, plus panoramic views and a quiet,

lushly landscaped setting.

Il Villaggio1455 Ocean Drive, Miami Beach, FL 33139

Built in 1999


UnitClosed Date


1603/4 12/1/14 4 4.5 3,210 6,900,000 6,800,000 6,500,000 94.20 73 2,024.92

1008 3/7/14 3 3.5 2,820 4,600,000 4,400,000 4,050,000 88.04 242 1,436.17

1109 5/2/14 3 4.5 2,250 4,175,000 4,175,000 3,850,000 92.22 475 1,711.11

809 2/28/14 3 4.5 2,250 3,850,000 3,850,000 3,850,000 100.00 40 1,711.11

1207 5/28/14 3 2.5 1,810 3,200,000 3,299,500 3,100,000 96.88 57 1,712.71

1203 6/11/14 2 2.5 1,550 2,900,000 2,900,000 2,850,000 98.28 89 1,838.71

1607 1/27/14 3 3 1,810 2,799,000 2,850,000 2,700,000 96.46 231 1,491.71

503 4/11/14 2 2.5 1,550 2,799,000 2,499,000 2,500,000 89.32 347 1,612.90

910 2/24/14 2 2.5 1,450 2,300,000 2,300,000 2,125,000 92.39 4 1,465.52

1110 4/11/14 2 2.5 1,450 2,199,000 2,199,000 1,800,000 81.86 108 1,241.38

611 5/30/14 1 2 1,370 1,295,000 1,199,500 1,150,000 88.80 152 839.42

ActiveSales

ClosedSales

There were eight active listings at the end of 2014, with all active listings being offered at $1,000/SF or more. The highest prices were not not necessarily on the highest floors, although size and unit line are factors in the price.

Closed sales ranged anywhere from 82%-100% of the original list price, with those units taking the longest to close generally accepting lower than list price. Closed prices showed a healthy increase in 2014 at $1,602/SF compared with $1,333/SF in 2013, more than a 20% increaseyear-over-year and one of the largest jumps in price among buildings analyzed in this report.


709 12/24/14 3 3.5 2,250 4,299,000 4,299,000 1,910.67

609 12/20/14 3 3.5 2,250 3,900,000 3,995,000 1,775.56

602 12/24/14 2 2.5 1,700 2,599,000 2,599,000 1,528.82

1110 4/29/14 2 2.5 1,450 2,199,000 2,199,000 1,516.55

606 5/25/13 1 2 1,270 1,850,000 1,950,000 1,535.43

1511 9/19/14 1 2 1,370 1,750,000 1,750,000 1,277.37

1611 6/30/14 1 2 1,370 1,650,000 1,650,000 1,204.38

811 9/22/14 1 2 1,370 1,500,000 1,500,000 1,094.89

http://www.worldwideproperties.com/featured-condo/il-villaggio/

Soaring 40 stories tall, the Setai Miami Beach was built in 2004 and defines posh living. It contains 163

modern residences with spectacular panoramic views, as well as a five-star hotel. The hotel portion

consists of an eight-story building with 88 guestrooms and some of the region’s most acclaimed

cuisine. The residences come in floor plans, from one to five bedrooms, with deep private terraces and

breathtaking views of the Atlantic Ocean.

The Setai101 20th Street, Miami Beach, FL 33139

Built in 2004

PendingSales

Only one unit was under contract for sale at the close of 2014, a 1-bedroom unit asking more than $4,000/SF.


1905 10/27/14 1 1.5 821 $3,500,000 $3,500,000 4,263.09


UnitClosed Date


3509 5/21/14 3 3 2,521 15,000,000 15,000,000 12,000,000 80.00 234 4,760.02

3601 3/13/14 5 5 3,552 8,490,000 11,900,000 10,800,000 127.21 691 3,040.54

2501/2 1/27/14 4 4 2,600 6,800,000 7,250,000 5,850,000 86.03 223 2,250.00

2708 12/15/14 2 2 1,141 5,750,000 5,750,000 5,250,000 91.30 74 4,601.23

2008 4/11/14 2 2 1,242 4,995,000 4,995,000 4,775,000 95.60 56 3,844.61

2806 5/12/14 2 2 1,316 4,750,000 4,750,000 4,400,000 92.63 47 3,343.47

3404 8/15/14 2 2 1,141 3,200,000 3,200,000 2,900,000 90.63 87 2,541.63

2201 1/9/14 2 2 1,198 3,200,000 3,000,000 2,775,000 86.72 191 2,316.36

2102 2/18/14 2 2 1,213 2,900,000 2,900,000 2,400,000 82.76 146 1,978.57

1902 4/17/14 2 2 1,331 3,000,000 2,900,000 2,500,000 83.33 131 1,878.29

2402 10/24/14 2 2 1,213 2,900,000 2,900,000 2,750,000 94.83 9 2,267.11

1904 5/2/14 2 2 1,247 2,900,000 2,900,000 2,850,000 98.28 244 2,285.49

1705 6/27/14 1 1.5 821 1,850,000 2,000,000 1,975,000 106.76 244 2,405.60

ActiveSales

ClosedSales

One of the most exclusive buildings on Miami Beach, the Setai offers exclusivity and a price to match. The cheapest unit comes at more than $2,200/SF and ranging as high as $5,950/SF, dramatically higher than almost any other building on Miami Beach. The most expensive listings are also the largest in the building, with 3-bedroom residences asking $7,500,000 or more.

Expect to have a some wiggle room in asking price, with buyers generally closing anywhere from 83-96% of the original list price. Closed sales ranged anywhere from $2,285 to a high of $4,760/SF, with ranges due to views, floor level and finishes. 17 units closed in 2013 at an average of $2,841/SF, and 13 units closed in 2014 at an average of $2,981/SF, a 5% increase from 2013.


3307 7/8/13 4 4.2 5,400 25,000,000 22,500,000 4,166.67

TH-A 10/20/14 4 4 3,627 17,900,000 17,900,000 4,935.21

3609 9/26/14 3 3 2,521 15,000,000 15,000,000 5,950.02

2308 4/21/14 3 3.5 2,558 10,900,000 10,900,000 4,261.14

3501 12/3/12 4 4 2,411 8,000,000 9,800,000 4,064.70

2802 12/29/14 4 3.5 2,354 7,950,000 7,950,000 3,377.23

3603 9/26/14 3 3 1,588 7,500,000 7,500,000 4,813.86

1908 10/14/14 2 2 1,279 6,500,000 6,500,000 5,082.10

2108 10/15/14 2 2 1,242 5,950,000 5,950,000 4,790.66

TH-B 1/31/13 2 2.5 1,818 5,900,000 5,399,000 2,969.75

2607 9/19/14 2 2 1,279 5,750,000 5,750,000 4,495.70

3506 8/15/14 2 2 1,316 5,600,000 5,600,000 4,255.32

2801 9/10/14 2 2 1,198 5,250,000 5,250,000 4,382.30

2706 8/1/14 2 2 1,316 4,900,000 4,900,000 3,723.40

2204 5/7/14 2 2 1,247 4,199,000 4,199,000 3,367.28

1801 11/6/14 2 2 1,198 3,900,000 3,900,000 3,255.43

3202 5/10/14 2 2 1,213 3,350,000 3,350,000 2,761.75

2602 4/30/14 2 2 1,213 3,200,000 3,200,000 2,638.09

2404 10/27/14 2 2 1,141 2,999,000 2,999,000 2,628.40

1802 10/2/14 2 2 1,331 2,950,000 2,950,000 2,216.38

2304 11/27/14 2 2 1,141 2,950,000 2,950,000 2,585.45

2503 12/16/14 1 1 767 2,490,000 2,490,000 3,246.41

1803 8/25/14 1 1.5 767 1,989,000 1,989,000 2,593.22

http://www.worldwideproperties.com/featured-condo/setai/






W Hotel & Residences2201 Collins Avenue, Miami Beach, FL 33139

Built in 2008


The W was one of the most active buildings analyzed in this brochure with 28 listing active at the end of 2014. Thanks to high demand and the ability to enjoy the hotel’s amenities, expect to pay between $1,550-$6,000+/SF, although most units range from $1,550-$3,000/SF.

ActiveSales


P26/28 7/16/14 4 5 3,595 18,000,000 19,900,000 5,535.47

PH28 7/16/14 3 4 2,960 17,999,000 17,900,000 6,047.30

UPH01 3/6/14 3 3.5 2,752 12,900,000 12,900,000 4,687.50

1628 5/23/14 3 3.5 2,960 9,250,000 9,250,000 3,125.00

1428 1/2/14 3 3.5 2,960 9,900,000 8,950,000 3,023.65

828 6/17/14 2 2.5 1,906 5,995,000 5,750,000 3,106.79

1804 10/14/14 2 2 1,543 5,400,000 5,400,000 3,499.68

1428 1/2/14 2 2 1,350 3,950,000 3,950,000 2,925.93

1022 10/31/14 1 1.5 1,026 2,400,000 2,400,000 2,339.18

1014 5/8/14 1 2 1,026 2,350,000 2,350,000 2,290.45

711 12/18/13 2 2.5 1,121 3,350,000 2,300,000 2,051.74

PH26 7/16/14 1 1 635 2,000,000 2,000,000 3,149.61

329 2/20/13 1 1 948 2,050,000 1,945,000 2,051.69

1019 7/17/14 1 1.5 1,151 1,900,000 1,900,000 1,650.74

1015 4/12/14 1 1.5 1,026 1,899,000 1,899,000 1,850.88

1219 1/19/14 1 1.5 1,151 1,975,000 1,885,000 1,637.71

815 10/20/14 1 2 1,026 1,900,000 1,699,000 1,655.95

810 5/3/13 1 1 546 1,500,000 1,500,000 2,747.25

1626 5/23/14 0 1 635 1,500,000 1,500,000 2,362.20

1726 12/2/14 0 1 635 1,595,000 1,495,000 2,354.33

1126 10/11/14 0 1 635 1,490,000 1,390,000 2,188.98

1808 3/4/14 0 1 574 1,250,000 1,250,000 2,177.70

1507 10/14/14 0 1 490 1,200,000 1,200,000 2,448.98

1807 10/14/14 0 1 490 1,200,000 1,200,000 2,448.98

802 7/28/14 0 1 490 1,180,000 1,180,000 2,408.16

1023 11/6/14 0 1 490 1,150,000 1,150,000 2,346.94

1113 7/28/14 0 1 493 1,125,000 1,125,000 2,281.95

723 8/11/14 0 1 574 1,105,000 1,105,000 1,925.09

336 9/20/13 1 1 793 1,100,000 1,100,000 1,387.14

803 12/25/14 0 1 574 1,100,000 1,100,000 1,916.38

330 2/20/13 0 1 574 1,199,000 1,045,000 1,820.56

523 11/17/14 1 1.5 490 999,999 999,999 2,040.81

708 8/29/14 1 1 574 970,000 970,000 1,689.90

403 12/23/14 0 1 490 925,000 925,000 1,887.76

327 2/20/13 0 1 574 975,000 895,000 1,559.23

http://www.worldwideproperties.com/featured-condo/w-south-beach/






W Hotel & Residences (cont.)2201 Collins Avenue, Miami Beach, FL 33139

Built in 2008


UnitClosed Date


1619 4/4/14 1 2.5 1,151 2,045,000 1,999,000 1,888,000 92.32 140 1,640.31

514 1/7/14 1 1.5 1,151 1,895,000 1,895,000 1,800,000 94.99 34 1,563.86

1208 8/20/14 0 1 493 1,360,000 1,360,000 900,000 66.18 202 1,825.56

826 9/25/14 0 1 635 1,295,000 1,295,000 1,200,000 92.66 467 1,889.76

1520 6/13/14 0 1 490 1,295,000 1,275,000 1,120,000 86.49 354 2,285.71

726 6/27/14 0 1 563 1,150,000 1,150,000 1,100,000 95.65 55 1,953.82

812 9/23/14 1 1 564 1,080,000 1,080,000 930,000 86.11 301 1,648.94

1008 5/5/14 0 1 493 1,050,000 1,050,000 900,000 85.71 101 1,825.56

503 10/3/14 0 1 490 1,000,000 1,000,000 900,000 90.00 72 1,836.73

1103 4/11/14 0 1 574 1,045,000 999,000 905,000 86.60 323 1,576.66

1125 6/4/14 0 1 574 995,000 995,000 900,000 90.45 225 1,567.94

1003 4/11/14 0 1 490 945,000 945,000 875,000 92.59 40 1,785.71

607 8/11/14 0 1 574 999,000 935,000 875,000 87.59 299 1,524.39

325 12/30/14 0 1 574 975,000 865,000 779,000 79.90 645 1,357.14

425 10/8/14 0 1.5 574 839,000 839,000 828,000 98.69 102 1,442.51

ClosedSales

Many studio units closed at the W during 2014, ranging from $1,357/SF to $2,285/SF, although most units sold from $1,500-$1,900/SF. Units that did close spent more time on the market than at many other buildings, ranging from 40 up to 645 days. 20 units closed 2013 at an average of $1,625/SF in 2013 and 15 closed this past year at an average of $1,693/SF, a modest increase of 4.2% year-over-year.

http://www.worldwideproperties.com/featured-condo/w-south-beach/

T: +1 305-531-3100 | F: +1 305-532-7935www.worldwideproperties.com

© 2015 Worldwide Properties I, Inc., a Florida-based corporation. We do not warrant any of the information

contained herein to be accurate. Buyer should conduct his or her own due-diligence and verify the accuracy

of the content herein provided by the seller. All artist’s or architectural renderings, sketches, graphic materials,

prices, plans, specifications, terms, conditions, statements, features, dimensions, amenities, existing or future

views and photos depicted or otherwise described herein are proposed and conceptual only. They should not

be relied upon as representations, express or implied, of the final detail of the proposed improvements.

South Beach Branch 1500 Bay RoadLobby TwoMiami Beach, FL 33139USA

South of Fifth (HQ)225 Collins AvenueSuite 101Miami Beach, FL 33139USA

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