Thursday, February 7, 2013

315 New Sunny Isles Beach Condos Unsold From South Florida Market Crash


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As Sunny Isles Beach developers proceed with plans for nearly 1,200 new condo units, the barrier island city in Northeast Miami-Dade County still has 315 condo units unsold from the last South Florida boom-and-bust cycle as of Dec. 31, 2012, according to a new report from CondoVultures.com.

Developers sold more than 30 new units for nearly $19.3 million - an average of $385 per square foot - in Sunny Isles Beach between October and December of 2012, reducing the unsold boom-era condo inventory to less than five percent of the more than 6,300 units created since 2003 in this market, according to an analysis of Miami-Dade County records.

Jade Signature Condos Rendering
Sunny Isles Beach, FL
At the 2012 sales pace, the Sunny Isles Beach could be sold out in the first half of 2014,  just as the newly proposed condo towers - such as the 400 Sunny Isles, Chateau Beach, Jade Signature, Mansions at Acqualina, Porsche Design Tower, Regalia, St. Tropez On The Bay IV and V, and Unique - are slated to launch - and in some cases complete - construction, according to the Preconstruction Condo Projects list compiled by the licensed Florida brokerage CVR Realty™.

 For a complete copy of the company’s news release, please contact:

Condo Vultures® LLC can be reached at 800-750-0517.

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