offering memorandum miami - Weichert Realtors, Best Beach Real

Transcription

OFFERING MEMORANDUM
MIAMI | BROWARD
REAL ESTATE PORTFOLIO
PRICING AND FINANCIAL ANALYSIS
OFFERING SUMMARY
Price
$4,572,810
Units
12
Gross income
$ 313,200
Operating expenses
$ (103,247)
Liability insurance
$
(2,400)
Property tax
$
(59,122)
Maintenance fee
$
(41,724)
Net operating income
$ 209,953
Cap rate
5%
For Sale Investment Portfolio of 12 properties located in great areas of Aventura,
Sunny Isles, Downtown Miami and Hallandale.
Properties are located close to A + Schools and House of worship. All Properties
are already rented with great tenants. Area of high demand for annual and seasonal
rentals. Seller financing available.
LOURDES DECHOUDENS
REALTOR ASSOCIATE
[email protected]
WWW.BESTBEACH.NET
954.661.3198
www.TheBeachProperties.com
PRICING AND FINANCIAL ANALYSIS
PROPERTY SUMMARY
The Offering
Duo 1508
Duo 1208
Aventi 2102
Aventi 1903
Aventi 2103
Aventi 1306
Gross income
$
22,800
100%
$
22,800
100%
$
27,600 100%
$
26,400
100%
$
27,600 100% $ 19,200
Operating expenses
$
(9,408) -41%
$
(9,260) -41%
$
(9,108) -33%
$
(9,072) -34%
$
(9,957) -36%
Liability insurance
$
-1%
$
(200) -1%
Property tax
(200)
-1%
$
$
(4,372) -19%
Maintenance fee
$
$
-1%
$
$
(4,224) -19%
(4,836) -21%
$
13,392
$
59%
4%
Cap rate
(200)
$
$
(3,532) -13%
$
(3,532) -13%
$
(3,817) -14%
$ (2,671) -14%
(4,836) -21%
$
(5,376) -19%
$
(5,340) -20%
$
(5,940) -22%
$ (3,624) -19%
13,540
$
18,492
$
17,328
$
17,643
$ 12,705
4%
Porto Bellagio 2407
67%
6%
Vyzcaine 3709
(200)
$ (6,495) -34%
-1%
59%
(200)
66%
5%
Beach Club 3009
64%
$
5%
Desoto 209
(200)
Desoto 306
25,200
100%
$
38,400
100%
$
30,000 100%
$
17,400
100%
$
17,400 100% $ 38,400
Operating expenses
$
(7,822) -31%
$
(18,429) -48%
$
(12,492) -42%
$
(6,245) -36%
$
(6,302) -36%
Liability insurance
$
-1%
$
(200) -1%
Property tax
$
$
(5,138) -20%
Maintenance fee
$
$
Cap rate
-1%
$
$
(12,229) -32%
(2,484) -10%
$
17,378
$
4%
69%
(200)
$ (13,129) -34%
$
$
(7,492) -25%
$
(2,565) -15%
$
(2,622) -15%
$ (6,929) -18%
(6,000) -16%
$
(4,800) -16%
$
(3,480) -20%
$
(3,480) -20%
$ (6,000) -16%
19,971
$
17,508
$
11,155
$
11,098
$ 25,271
3%
4%
58%
(200)
100%
-1%
52%
(200)
66%
Aventura bay
$
-1%
-1%
5%
Gross income
(200)
100%
6%
64%
6%
64%
$
(200)
5%
-1%
66%
COMPARABLES
AVENTI
Aventi at Aventura| AVENTURA
UNIT
BEDROOMS
BATHS
1/2 BATH
LIV.AREA
SELLING PRICE
SELLING PRICE (SQ.FT.)
CLOSED DATE
304
3
2
0
1,481
301,299
$203
3/5/2015
805
3
2
0
1,481
355,000
$240
1/30/2015
1004
2
2
0
1,270
265,000
$209
1/9/2015
LIV.AREA
SELLING PRICE
Aventura Bay
AVENTURA
BAY | AVENTURA
UNIT
BEDROOMS
BATHS
1/2 BATH
CLOSED DATE
18345
3
2
1
2,000
$493,000
$247
4/6/2015
18365
4
3
1
2,520
$530,000
$210
2/27/2015
18460
4
4
1
2,520
$630,000
$250
1/26/2015
18430
3
2
1
2,000
$492,500
$246
12/19/2014
LIV.AREA
SELLING PRICE
Porto Bellagio BELLAGIO | SUNNY ISLES
PORTO
UNIT
BEDROOMS
BATHS
1/2 BATH
CLOSED DATE
2211
2
2
0
1,116
$370,000
$332
12/1/2014
2212
2
2
0
1,116
$350,000
$314
12/4/2014
1604
3
2
0
1,264
$483,000
$382
12/19/2014
4213
2
2
0
934
$325,000
$348
12/23/2014
1601
3
2
0
1,353
$475,000
$351
12/23/2014
4310
2
2
0
1,024
$310,000
$303
12/31/2014
3301
1
1
0
715
$240,000
$336
2/13/2015
3312
2
2
0
934
$300,000
$321
2/17/2015
4403
1
1
0
673
$242,750
$361
2/20/2015
2319
1
1
0
673
$262,500
$390
2/20/2015
1602
2
2
0
1,024
$410,000
$400
2/20/2015
COMPARABLES
DUO CONDOMINIUM
EAST
DUO
| HALLANDALE
UNIT
BEDROOMS
BATHS
1/2 BATH
LIV.AREA
SELLING PRICE
CLOSED DATE
906W
2
2
0
1,425
$337,500
$237
12/2/2014
PH03W
3
3
1
1,730
$525,000
$303
12/12/2014
602W
3
2
0
1,481
$332,500
$225
12/18/2014
102W
3
3
1
2,262
$435,000
$192
12/19/2014
1608W
2
2
0
0
$270,000
1001E
1
1
1
915
$242,500
$265
1/23/2015
406W
2
2
0
1,425
$290,000
$204
1/26/2015
1802E
3
2
0
1,481
$360,000
$243
1/28/2015
104E
1
1
1
1,240
$226,000
$182
2/20/2015
PH02E
3
3
1
1,751
$540,000
$308
2/24/2015
206E
2
2
0
1,425
$280,000
$196
2/27/2015
1805W
2
2
0
1,081
$360,000
$333
3/11/2015
1807
2
2
0
1,354
$380,000
$281
3/20/2015
1906E
2
2
0
1,425
$400,000
$281
3/24/2015
2404 E
1
1
1
920
$261,000
$284
3/31/2015
505W
2
2
0
1,081
$320,000
$296
4/15/2015
1602E
3
2
0
1,481
$380,000
$257
4/16/2015
12/30/2014
COMPARABLES
VISCAYNE | MIAMI
Vizcayne
UNIT
BEDROOMS
BATHS
1/2 BATH
LIV.AREA
SELLING PRICE
CLOSED DATE
904
1
1
0
806
$285,000
$354
12/9/2014
4608
3
3
0
1,970
$1,300,000
$660
12/17/2014
2403
3
2
1
1,741
$877,000
$504
1/23/2015
LIV.AREA
SELLING PRICE
De SotoSOTO
Park
DE
CONDO | HALLANDALE
UNIT
BEDROOMS
BATHS
1/2 BATH
CLOSED DATE
414
1
1
0
800
$117,000
$146
12/18/2014
112
1
1
0
800
$135,000
$169
12/23/2014
305
1
1
0
800
$135,000
$169
12/23/2014
314
1
1
0
800
$139,000
$174
1/9/2015
102
1
1
1
1,100
$139,000
$126
2/11/2015
103
2
1
1
1,100
$157,000
$143
2/23/2015
405
2
2
0
1,310
$200,000
$153
3/6/2015
301
2
1
1
1,050
$154,000
$147
3/23/2015
517
1
1
800
$135,000
$169
3/27/2015
102
2
2
0
1,200
$188,750
$157
3/30/2015
402
1
1
1
940
$145,400
$155
4/8/2015
COMPARABLES
BEACH CLUB | HALLANDALE
Beach Club
UNIT
BEDROOMS
BATHS
1/2 BATH
LIV.AREA
SELLING PRICE
CLOSED DATE
2302
3
3
0
2,065
$1,150,000
$557
1/2/2015
4609
1
1
0
844
$440,000
$521
1/2/2015
3210
1
2
0
1,337
$588,000
$440
1/5/2015
3208
3
3
0
1,571
$620,000
$395
1/12/2015
4504
3
3
0
1,675
$860,000
$513
1/13/2015
2707
1
1
0
871
$395,000
$454
1/15/2015
1207
1
1
0
871
$370,000
$425
1/26/2015
1911
2
2
0
1,554
$758,000
$488
1/30/2015
2709
2
1
0
1,086
$430,000
$396
1/30/2015
3405
0
1
0
811
$420,000
$518
2/2/2015
4108
2
2
0
1,458
$752,000
$516
2/3/2015
4303
3
3
0
1,733
$885,000
$511
2/5/2015
2311
3
2
0
1,557
$780,000
$501
2/11/2015
1907
3
3
0
1,571
$590,000
$376
2/20/2015
1101
3
3
1
2,078
$1,150,000
$553
2/23/2015
4804
3
3
0
1,675
$880,000
$525
2/27/2015
904
3
3
0
2,078
$1,144,000
$551
3/4/2015
3608
3
3
0
1,571
$665,000
$423
3/11/2015
4103
3
3
0
1,841
$905,000
$492
3/27/2015
2004
3
3
0
1,675
$845,000
$504
4/2/2015
COMPARABLES
4803
2
3
0
1,733
$1,020,000
$589
4/6/2015
2604
2
3
0
1,675
$705,000
$421
4/8/2015
3709
1
1
0
844
$420,000
$498
4/8/2015
3409
1
1
0
844
$470,000
$557
4/9/2015
3504
3
3
1
2,078
$1,175,000
$565
4/10/2015
3102
3
3
0
2,065
$1,290,000
$625
4/10/2015
2207
1
1
0
871
$361,500
$415
4/10/2015
3208
3
3
0
1,571
$670,000
$426
4/14/2015
1810
2
2
0
1,337
$650,000
$486
4/15/2015
4301
3
3
1
2,078
$1,330,000
$640
4/15/2015
408
3
3
0
1,571
$450,000
$286
4/20/2015
RENTAL COMPARABLES
AVENTI | AVENTURA
ADDRESS
BDR
BTH
1/2 BTH
SQ.FT.
RENTED PRICE
1800 OCEAN DR # 4110
2
2
0
1,782
$4,500
$2,000
1830 S OCEAN DR # 3402
3
3
0
2,065
$7,700
$2,400
1830 S OCEAN DR # 1904
2
3
0
1,675
$6,000
BDR
BTH
1/2 BTH
SQ.FT.
RENTED PRICE
2881 NE 185 ST # 105
1
1
0
859
$1,550
2945 NE 185 # 1403
2
2
0
1,270
2941 NE 185 ST # 1304
3
2
0
1,495
ADDRESS
2845 NE 185 ST # 906
2
2
0
1,316
$2,050
1850 S OCEAN DR # 1910
2
2
0
1,782
$3,600
2881 185 ST # 105
1
1
0
859
$1,500
1800 S OCEAN DR # 1803
3
3
0
1,841
$3,450
1830 S OCEAN DR # 3311
2
2
1
1,554
$2,500
1830 S OCEAN DR # 4609
1
1
0
844
$2,300
1830 S OCEAN DR # 4810
2
2
0
1,337
$3,800
1800 S OCEAN DR # 1702
3
3
0
1,841
$4,100
1830 OCEAN DR # 3205
1
1
0
811
$3,000
1830 S OCEAN # 4711
3
2
0
1,554
$4,100
AVENTURA BAY | AVENTURA
ADDRESS
BDR
BTH
1/2 BTH
SQ.FT.
RENTED PRICE
18355 NE 30 CT # 18355
3
2
1
1,840
$3,200
18370 NE 30 PL # 18370
3
2
1
2,000
$3,000
18440 NE 30 PL # 18440
3
2
1
2,000
$3,200
PORTO BELLAGIO | SUNNY ISLES
1800 S OCEAN DR # 4409
BDR
BTH
1/2 BTH
SQ.FT.
RENTED PRICE
1
1
0
1,086
$3,500
1800 S OCEAN DR # 810
17150 N BAY RD # 2103
2
2
0
1,782
$3,700
3
2
0
1,353
$2,900
1850 S OCEAN DR # 4006
17100 N BAY RD # 1612
2
1
0
1,086
$2,600
2
2
0
1,024
$1,800
1800 S OCEAN DR # 1102
17150 N BAY RD # 2617
3
3
0
1,841
$4,300
1
1
0
673
$2,000
1800 OCEAN DR # 2209
17150 N BAY RD # 2810
2
1
0
1,086
$2,450
2
2
0
1,024
$1,900
1830 S OCEAN DR # 3006
17150 N BAY RD # 2419
2
2
0
1,458
$3,450
1
1
0
673
$1,600
1830 S OCEAN DR # 4101
17150 N BAY RD # 2212
3
3
0
2,065
$7,500
2
2
0
1,116
$2,100
1830 OCEAN DR # 2506
17150 BAY RD # 2713
2
2
0
1,458
$6,000
2
2
0
1,116
$1,800
1830 S OCEAN DR # 4705
17150 N BAY RD # 2113
1
1
0
811
$2,650
2
2
0
1,116
$1,900
1830 S OCEAN DR # 2907
17145 N BAY RD # 4108
1
1
0
871
$2,500
2
2
0
1,024
$1,750
19201 COLLINS AV # 103
17145 N BAY RD # 4104
0
1
0
360
$1,100
3
2
0
1,264
$3,700
1800 S OCEAN DR # 4004
17125 N BAY RD # 3411
3
3
1
2,078
$5,000
2
2
0
1,024
$1,900
1830 S OCEAN DR # 2310
17150 N BAY RD # 2517
2
2
0
1,337
$2,900
1
1
0
673
$1,500
17150 N BAY RD # 2319
1
1
0
673
$1,500
17150 N BAY RD # 2922
1
1
0
673
$1,600
17150 N BAY RD # 2408
2
2
0
1,116
$3,700
17100 N BAY RD # 1417
1
1
0
715
$1,525
17140 BAY RD # 4304
3
2
0
1,264
$2,200
17100 N BAY RD # 1811
2
1
0
907
$1,800
17150 N BAY RD # 2817
1
1
0
673
$1,450
ADDRESS
RENTAL COMPARABLES
DUO | HALLANDALE
VISCAYNE | MIAMI
ADDRESS
ADDRESS
1745 E HALLANDALE BEACH BL # 1607W
BDR
BTH
1/2 BTH
SQ.FT.
RENTED PRICE
2
2
0
1,354
$2,300
BDR
BTH
1/2 BTH
SQ.FT.
RENTED PRICE
253 NE 2 ST # 3702
2
2
0
1,203
$2,850
1
2
0
1,006
$2,300
1745 E HALLANDALE # 406W
2
2
0
1,425
$2,100
253 2 ST # 1808
1755 E HALLANDALE BEACH BL # 1102E
3
2
0
1,481
$2,500
253 NE 2 ST # 1802
1
2
0
0
$2,000
$1,650
253 NE 2 ST # 1607
1
1
0
802
$2,000
$2,700
244 BISCAYNE BLVD # 3107
0
1
0
0
$1,600
0
1
0
506
$1,450
1745 E HALLANDALE # 1001
1
3
1
2
1
0
0
1,481
1
1
1
920
$1,600
253 NE 2 ST # 322
1
1
1
920
$1,700
253 NE 2 ST # 316
0
1
0
491
$1,500
$1,950
253 NE 2ND ST # 3005
0
1
0
632
$1,650
$2,800
253 NE 2 ST # 216
0
1
0
560
$1,500
2
2
0
1,293
$3,200
2
3
2
2
0
0
1,081
1,597
3
2
0
1,597
$2,600
244 BISCAYNE BLVD # 4507
1745 HALLANDALE BEACH BL # 1604 W
1
1
1
920
$1,700
244 BISCAYNE BL # 3207
0
1
0
708
$1,750
$2,150
253 2 ST # 3603
2
2
0
1,363
$3,000
$1,775
253 NE 2 ST # 1208
2
2
0
1,006
$2,200
2
2
0
1,203
$2,800
1755 HALLANDALE BEACH BL # 2207-E
2
1
2
1
0
1
1,354
915
1745 HALLANDALE BEACH BL # 1508W
2
2
0
1,052
$1,900
253 NE 2 ST # 3608
1755 E HALLANDALE BCH BLVD # 1801E
1
1
1
0
$1,650
253 NE 2 ST # 2806
1
1
0
806
$2,050
$1,650
253 NE 2 ST # 2804
1
1
0
806
$2,050
253 NE 2 ST # 223
0
1
0
506
$1,450
253 NE 2 ST # 319
0
1
0
506
$1,500
RENTED PRICE
253 NE 2 ST # 2701
2
2
0
940
$2,350
1
1
1
915
DE SOTO CONDO | HALLANDALE
ADDRESS
BDR
BTH
1/2 BTH
SQ.FT.
501 THREE ISLANDS BL # 103
2
1
1
940
$1,350
253 NE 2 ST # 633
1
1
1
978
$1,900
2000 ATLANTIC SHORES BL # 508
2
1
1
1,120
$1,350
2
2
0
1,070
$2,350
2
1
1
1,050
$1,300
253 NE 2 ST # 313
1
1
0
506
$1,425
1
1
1
940
$1,200
253 NE 2 ST # 3008
2
2
0
1,203
$2,700
978
$2,150
2
2
0
1,310
$1,525
253 NE 2 ST # 631
1
1
1
1
1
0
800
$1,200
1
2
0
930
$2,100
1
1
1
940
$1,200
253 NE 2 ST # 1903
2
2
0
1,058
$2,600
1
1
0
800
$1,100
253 NE 2 ST # 1606
1
1
0
806
$2,000
506
$1,450
2001 N ATLANTIC SHORES BLVD # 506
1
1
0
0
$1,150
253 NE 2 ST # 226
0
1
0
2000 ATLANTIC SHORES BLVD # 307
1
1
1
940
$1,250
253 NE 2 ST # 415
1
1
1
938
$1,750
1
1
1
1,100
$1,075
253 NE 2 ST # 3208
2
2
0
1,203
$2,700
1
1
0
800
$1,075
253 NE 2 ST. # 3002
2
2
0
1,203
$2,700
PROPERTY LOCATIONS
HALLANDALE
AVENTURA | SUNNY ISLES
MIAMI
DE SOTO CONDO
AVENTI
AVENTURA BAY
VISCAYNE
DUO
BEACH CLUB III
PORTO BELLAGIO
WWW.BESTBEACH.NET
LOURDES DECHOUDENS 954.661.3198
PROPERTY DESCRIPTION
VISCAYNE | MIAMI
VISCAYNE
244 & 253 Biscayne Blvd. Miami, FL 33132
VISCAYNE DESCRIPTION:
Name: Vizcayne condos
Bedrooms: Studio to 3 + Penthouses
Floors: 49 floors Both Towers
Number of Units: 629
Year Built: 2008
Floor Plans: 501 SF to 3,249 SF
Governing Body: Condo Association
Property Type: Condominium
Construction Type: (CBS) structure
VISCAYNE REMARKS:
The Vizcayne condo in Miami Florida, formerly known as “Everglades on
the Bay” is an urban development in the City of Miami, Florida. located in
northeastern of Downtown Miami, and forms part of the Biscayne Wall, a
series of skyscrapers visible from Biscayne Bay along the west side of
Biscayne Boulevard. Consists of two residential skyscrapers, Both towers
are 538 ft (164 m) tall, and have 49 floors. Vizcayne condo North Tower
and the South Tower as well as a retail center. The buildings reached full
height in 2007, and were completed in early 2008.
VISCAYNE AMENITIES:
Amenities: Reception lobbies with attendant and “Smart Building”
communications system and concierge, Reception lounge / bar in South
Lobby, Equipped business center and conference rooms, Residents’ club
on 8th floor Pool Deck level, Three-level Clubhouse with Lounge, card
room, billiards and catering kitchen, Theater for private showing, Fitness
Center with locker rooms, yoga, aerobics and Precor equipment, Spa &
Wellness center with saunas, steam and plunge pools, Swim Center with
four heated pools, sun deck and outdoor bar & grill, tropical landscaping
and bay views & Nikki Beach Club Membership
AVENTI | AVENTURA
AVENTI AT AVENTURA:
2911 NE 185th St. Aventura, FL 33180
AVENTI DESCRIPTION:
Name: Aventi At Aventura
Bedrooms: 1 to 3
Floors: 3
Number of Units: 80
Year Built: 2001
AVENTI REMARKS:
Aventi Townhouses condo community is located in the city of
Aventura, Florida. A first-class, waterfront community with all the
security and comfort you would want. In most units you will find
french doors, marble floors, and more! Spacious floorplans, a great
location, and a great value, there is nothing these residences don’t
have to offer. The real estate market consist of luxury waterfront
condos, town homes, villas and single family homes. Living in
Aventura means you are close to the Aventura shopping mall, top
schools, parks, golf courses and more.
AVENTI AMENITIES:
Pool
Secure community
AVENTURA BAY | AVENTURA
AVENTURA BAY
18480 NE 30 Pl Aventura, FL 33160
AVENTURA BAY DESCRIPTION:
Name: Aventura Bay Townhomes
Bedrooms:3 to 4
Floors:2
Number of Units: 65
Year Built: 2002
Floor Plans: 1,840 SF to 2,520 SF
Property Type: Townhomes
Construction Type:(CBS) structure
AVENTURA BAY REMARKS:
The Aventura Bay Townhomes community is located in the city of
Aventura, Florida. Gated community of luxurious Mediterranean style
townhouses, with perfect location. Minutes away from the Aventura mall,
Loehmann Plaza, North Miami Beach, various marinas, and fine dining all
designed to keep residents enjoying life.
AVENTI AMENITIES:
Exercise room
Swimming pool
Guard-gated security
DUO | HALLANDALE
DUO AT HALLANDALE
1745 E Hallandale Beach Blvd. Hallandale, FL 33009
DUO DESCRIPTION:
Name:Duo Condo Hallandale
Bedrooms: 1 - 3 Bedrooms
Floors: 27
Number of Units:
Year Built: 2005
DUO REMARKS:
The Duo located in Hallandale Beach is 27 stories, and offers amazing
views of the city, Atlantic Ocean and the Intracoastal Waterway. The
condo features 398 units ranging from studios to three bedroom units.
The grounds have tropical landscaping for residents’ enjoyment. A two
story clubhouse is on the property for owners and guests’ enjoyment
and relaxation, and also provides a meeting and gathering space. From
the sundeck, enjoy the pool that is overlooking the golf course. Every unit
features energy efficient, tinted floor-to-ceiling windows, and a washer
and dryer. The city of Hallandale Beach is located in the boundaries of
Broward County in South Florida. This area is known as the home of
Gulfstream Park racing and casino and shopping centers.
DUO AMENITIES:
Attended entry gate / 24-hour security / Valet parking / Concierge
service / Waterscape features / Lush landscaping / Pool and spa
overlooking the golf course / Tropical pool deck / Cyber café / Party room
with catering kitchen / Clubhouse / Game room / Theatre room /
Business center / Fitness center / Yoga studio / Sauna and steam rooms
/ Pet care center / Two tennis courts / Private storage space
DE SOTO CONDO | HALLANDALE
DE SOTO PARK CONDO:
601 Three islands Blvd. Hallandale, FL 33009
DE SOTO DESCRIPTION:
Name:Desoto Park Hallandale
Bedrooms: 1 beds
Floors: 5
Number of Units: 94
Year Built: 1976
Floor Plans: 800 SF
DE SOTO REMARKS:
Desoto Park Condo is a beautiful community in Hallandale near the
Westin Diplomat Country Club and just minutes from the Atlantic
Ocean. Real estate in this community features condos with access to
many amenities and area attractions. Among the community
amenities are a pool and spa on the Intracoastal Waterway.
BEACH CLUB I, II & III
1800 S ocean Drv. Hallandale, FL 33009
BEACH CLUB DESCRIPTION:
Name:Beach Club Hallandale
Bedrooms: 1 to 3 beds + Penthouses
Floors: 44 to 52
Number of Units: 1254
Year Built: 2006-2007
Floor Plans: 1,086 SF to 2,078 SF
Construction Type:( CBS) structure
BEACH CLUB REMARKS:
Beach Club Hallandale is located on the sandy beaches and turquoise
waters of Hallandale Beach. Ideally located between Fort Lauderdale and
Miami Beach, Beach Club Hallandale is approximately 10 miles from Fort
Lauderdale and 15 miles from the southernmost point in South Beach.
Beach Club Hallandale consists of 3 residential towers providing for
dramatic Atlantic Ocean, Miami skyline, Fort Lauderdale skyline, and
Intracoastal views. Tower 1 was the first tower constructed and it was
completed in 2005. Tower 3 is the sister tower of Tower 1. The 3rd tower
was the third tower constructed and it was completed in the first quarter
of 2007. Tower 2, the tallest building in all of Broward county, was the
2nd tower constructed and it was completed in the 4th quarter of 2006.
BEACH CLUB AMENITIES:
Oversized heated swimming pool
Spa overlooking the Atlantic Ocean
Full time concierge
24 hour security
Magnificent 2-story lobby entrance
24-hour valet parking
Party room
Oversize terraces
PORTO BELLAGIO | SUNNY ISLES
PORTO BELLAGIO CONDO
17145 N Bay Rd Sunny Isles Beach, FL 33160
PORTO BELLAGIO DESCRIPTION:
Name:Porto Bellagio Sunny Isles
Today Price Range:$319K to $520K
Bedrooms:1 to 3 beds
Floors:9
Number of Units:78
Year Built:2003
Floor Plans:1,000 SF to 1,264 SF
Avg Price Per SqFt:$351
Days on the Market:146 day(s)
Governing Body:Condo Association
Property Type:Condominium
PORTO BELLAGIO REMARKS:
Porto Bellagio Condos puts you in the heart of Sunny Isles Beach,
with its old world architecture and classic Florida living with a
modern accent. Porto Bellagio offers 500 luxury residences with
eight floorplans ranging in size from 573 to 1,353 sqft configured in
1, 2 and 3 bedroom layouts. Adding to the appeal is a lushly
landscaped pool deck, a club room conference room and fitness
center. Porto Bellagio, set midway between Miami and Fort
Lauderdale, lets you take full advantage of all South Florida offers.
Your glorious waterfront condominium home lets you live the good
life.
DEMOGRAPHICS
AVENTURA DEMOGRAPHICS
Median Home Sale Price: $225,000
Median Dwelling Age: 15 years
Median Value of Home Equity: $195,054
Median Mortgage Debt: $119,391
HALLANDALE DEMOGRAPHICS
Estimated Population: 31,320
Population Growth (since 2000): 35%
Population Density (ppl / mile): 8,523
Median Age: 37.76
Median Age: 39.57
Median Sale Price to Current Value - Tax
Number of Sales - MLS
The number of properties sold via the MLS. Increasing sales activity signifies an accelerating market,
while decreasing activity signifies a declining market. Remember that sales activity may also change
seasonally, so be sure to compare sales activity between comparable periods and over a sufficiently
long enough timeline.
The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained
herein can be independently verified by the recipient of this report with the applicable county or municipality.
DEMOGRAPHICS
SUNNY ISLES DEMOGRAPHICS
DOWNTOWN DEMOGRAPHICS
Median Age: 36.99
Median Age: 40.33
The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained
herein can be independently verified by the recipient of this report with the applicable county or municipality.
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from Weichert, Realtors - Best Beach Real Estate. This Marketing Brochure has
been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary
level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence
investigation.
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however,
Weichert, Realtors - Best Beach Real Estate. has not verified, and will not verify, any of the information contained herein,
nor has Weichert, Realtors - Best Beach Real Estate.conducted any investigation regarding these matters and makes no
warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential
buyers must take appropriate measures to verify all of the information set forth herein.
LOURDES DECHOUDENS
REALTOR ASSOCIATE
[email protected]
WWW.BESTBEACH.NET
954.661.3198
www.TheBeachProperties.com

offering memorandum miami - Weichert Realtors, Best Beach Real

Transcription

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