MIAMI, FL --New condo transactions at the St. Regis Bal Harbour Resort & Residences (top left photo) on the barrier island in Northeast Miami-Dade County are off to a rapid start, with nearly 170 units trading for more than $623 million in the first seven month of sales, according to a new report from CondoVultures.com.
Buyers purchased nearly 435,000 square feet of livable space in the St. Regis Bal Harbour Resort & Residences at an average price of more than $1,435 per square foot between Nov. 15, 2011 and June 4, 2012, according to an analysis of Miami-Dade County records.
Individual transactions in the ultra-exclusive project have ranged in price from less than $850 per square foot to more than $2,625 per square foot with units trading for between $1.35 million and $13.5 million, according to the report based on recorded deeds.
The St. Regis Bal Harbour Resort & Residences is comprised of three towers up to 27 stories with nearly 500 condos, condo-hotels, fractional condos, and hotel rooms.
The North and South towers feature a combined 205 traditional condo units - officially known as the Bal Harbour North South Condominium - while the 287-unit Center Tower is comprised of a St. Regis hotel that includes condo-hotel units, fractional residences, and traditional condominiums.
The St. Regis Bal Harbour Resort & Residences features four swimming pools, a 12,000-square-foot Remede spa, and signature restaurants on a nearly nine-acre oceanfront site across from the Bal Harbour Shops on Collins Avenue.
Bal Harbour is an ultra-wealthy village of 3,300 people located on a barrier island between Miami Beach and Sunny Isles Beach.
For a complete copy of the company’s news release, please contact:
Condo Vultures® LLC is a real estate consultancy and marketing company based in the 225 Midtown Building at 225 NE 34th St., Suite 209B, Downtown Miami, Florida, 33137. Condo Vultures® LLC can be reached at 800-750-0517.
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