.
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.
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| 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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