What’s the top city for doing business in Latin America? It’s not Mexico City, or Panama City, or Sao Paulo. The largest Latin American office for many multinationals and marketing companies is often not on foreign soil—it’s in Miami, Florida.
The Gateway to Latin America offers flights to every country in the region and is the city where you’ll find Brazilians lunching with Panamanians, Argentines meeting with Colombians, and European companies pitching to Mexicans. There’s a good reason this is a prime real estate market for wealthy business owners and CEOs from Latin America: this is the city where you can get the most deals done.
So while Miami real estate goes through its ups and downs and was one of the hardest-hit by the housing crisis last decade, it’s currently back on a roll. New projects are going up again and high-end condos are finding plenty of buyers. Here’s a sampling of what you get for your money in the region when it comes to luxury condos for sale.
900 Biscayne Bay is located in revitalized downtown Miami, near the sports arena and the causeway heading out to South Beach. Facilities are extensive here, with an infinity pool, a lap pool, spa facilities, a full gym with top equipment, and a private movie screening room.
The average condo sale price here is around $940,000 but if you want to splash out, go for this 4 bedroom, 4.5-bath penthouse on the 59th floor pictured above that’s listed at $3.2 million. The wraparound terrace alone is bigger than many condos, at 1.486 square feet!
Aria on the Bay is just a few minutes north, with the same easy access to the Brickell Financial District, the arts district, downtown, and South Beach. This complex is under construction now, offering buyers design input choices in their unit. It will have two swimming pools that capture both sunrise and sunset views, a children’s play area, a game room lounge, and movie screening room. It’s also right across the street from a city park.
Two-bedroom units at Aria start at $720,000 and three-bedroom units of 2,362 square feet start at $1.592 million. These pre-completion prices are very competitive on a basis of price per square foot.
Icon Bay is located near the Wynwood arts district, near another bridge to South Beach, and with easy access to I-95. It’s offers Biscayne Bay views from its 43 floors, however, and also incorporates commissioned sculptures into the public areas’ design. The infinity pool complex faces the water and guests also have access to the SLS Beach Club in South Beach. There’s also a full gym and lounge with pool table on site.
Open plan, flow-through units range from $470K to $$2.44 million. There’s one five-bedroom, four-bath unit for sale now for less than $2 million, which includes two parking spaces.
Paramount Bay is nearby, just a block north of Margaret Pace Park. This high-end complex of 47 floors has its own pool complex and public lounge areas, but residents here also have access to the exclusive Eden Roc Renaissance Miami Beach Club.
Units here range from 1,245 to 4,567 square feet and the average sale price is more than $1.2 million. As we write this there are 38 units for sale, but the “money is no object” choice is going for $5,750,000. This penthouse has four bedrooms, five bathrooms, and is bigger than most houses at 4,437 square feet. That doesn’t include the private roof deck with 360-degree Miami views that’s another 3,000 square feet.
Marina Palms in North Miami Beach is part of a 14-acre complex containing the first new yacht club to open in the area in two decades. Situated on 750 feet of the Intracoastal Waterway, this condo complex for boat lovers has a large fitness center, cafe, pool complex, butler service, and on-site car washing and detailing. There’s also a children’s center play area, making this a great choice for families.
Two-bedroom units with den/office are in the range of $1.3 million to $1.5 million. They have all the expected high-end appliances, marble baths, panoramic views, and two parking spaces.
All photos courtesy of the individual condo developments. Please see their websites for more photos and information.