South Pointe Towers was built in the heady 1980s, a very, very different time from today, when it would still have been surrounded by a very pre-gentrified South Beach. This one-bedroom loft, with double-height living space and private terrace (ahem, lanai) looking out onto the building’s grounds, was updated much more recently but preserves the building’s original ’80s postmodernist flair.
On April 10th 2014, this 960 square foot live/work loft at the intersection of Lenox Avenue and 16th Street in South Beach sold for $415,000, making its owner a $35,000 profit in less than two years. Not bad, not bad. It’s in an historic building, a block away from Lincoln Road, etc. Now, almost exactly two years later, the very cool and contemporary loft with tall 11.5 foot ceilings, a spacious floor plan, and a curved wall looking out on a corner frontage, has just walloped back on the market for $1.75 million, over four times as much as they paid for it. Could it be one killer investment in a really cool condo, a sign we’re living in a real estate bubble that will sooner or later pop, or both?
In the heart of Miami, less than two blocks away from towers in three different directions, this jungle compound at 87 SW 18th Road is tucked into a quiet corner off South Miami Avenue. A double lot property, with a historic 1937 main house, modern guest house, vintage Airstream trailer in the yard (unfortunately interior photos of the Airstream aren’t provided), and luscious pool, it hit the market a few days ago for $1.45 million.
According to the broker, and to the fact that the MiMo District just doesn’t have very many penthouses, this four bedroom, three bath penthouse at the ’70s-era Flats at Morningside is the largest penthouse in the MiMo District, and it’s on the market for $1.275 million. The MiMo Historic District is a long, thin commercial corridor extending along Biscayne Boulevard, next to other, mostly residential historic districts of the area, like Morningside, Belle Meade, etc. The 3,232 square foot unit looks out over historic Morningside toward unobstructed bay views, and includes a very large living room, sauna, rooftop terrace with cabana, hot tub, and Astroturf, and 100 feet of floor-to-ceiling windows.
When Coral Gables’ city founder and developer George Merrick built his ‘master suburb’ he also commissioned notable architects to design seven themed villages within it, to encourage architectural variety within the city which was until then predominantly (and would continue to be) Mediterranean Revival in character. The styles of the villages spanned the globe, from multiple varieties of French to Chinese.
This bright, white Loft in Midtown 2, listed yesterday for $1,990,000, takes natural lighting to the extreme, with glossy white floors to reflect the Miami sun after it floods in through huge two-story windows, and before it shines right through the glass interior walls.
The two-level 1,400 square foot space has a master bedroom upstairs, with a large open plan kitchen downstairs, next to extra almost-as-open-plan bedrooms flanking the huge main living space. Curtains are a necessity unless having no secrets is your thing. Each of the four bedrooms is a literal fish tank, with glass walls voyeuristically exposing all to the expansive living area, perfect for showing off to your roommates, or maybe adapting the space to office use.
This two-story loft at South-of-Fifth’s very expensive and very boutique Ocean House condominium was “inspired by Danish designer Niels Sorensen” according to the broker’s remarks.
Before the City of Coral Gables was anything else, it was a gabled house faced in the local stone known as coral rock but more precisely called oolitic limestone, on a farm. That house, owned by city founder George Merrick, inspired the construction of a number of others in the same distinctive rock in those early days. This house, built in 1925 at 3903 Granada Boulevard, and now on the market for $1.696 million is one of those.
This absolutely gorgeous, and very subtropical modern house at 3667 Park Lane in Coconut Grove, just off Biscayne Bay, has been on the market since September and is listed at $2.49 million. We don’t know the identity of the architect for certain, but Alfred Browning Parker, one of the lions of Miami architecture who designed in this style, is a distinct possibility.
There is an allure to owning a quaint little apartment building, making friends with all your tenants, keeping up with building gossip, getting involved in each others lives, lowning sweet old Mrs. Dixie over in 2A a cup of sugar, that sort of thing. Places like that are probably more common in sitcoms (On I Love Lucy, the Mertzes were the landlords and best friends of the Ricardos, and hilarity ensued) and romantic comedies staring Meg Ryan, but hey, that’s not saying the real life version isn’t impossible.