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Monday, November 30, 2009

With 2009 drawing to a close, more and more investors are reaching the end of the closing phase on Miami Beach condos like ICON South Beach.  Except they aren’t purchasing just one unit, they’re purchasing several at a time leading to a surge in what’s commonly referred to as “bulk deals”.

As has been the case for some time now, these bulk deal investors are the same people who make up the general buyers purchasing single units at ICON Miami Beach, namely foreign individuals.  Since the end of October these people have been responsible for over 700,000 square feet of bulk purchases and more than 500 units.  And what’s the reason for all of this buying activity?  As you might’ve guessed, the attractive prices have been the driving factor but a surplus of low priced inventory has also contributed.

While there is still no hard evidence available in order to confidently say that the much speculated market bottom has been reached, most of these investors feel that it’s close enough to take advantage of the wealth of deals.  Are these investors buying in buildings like the ICON condo making the right decision or will these newly purchased units just sit empty?

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Wednesday, October 28, 2009

Considered to be one of the best residential buildings in the city, the ICON Miami Beach condo has drawn oodles of praise and some big names like world famous French designer Philippe Starck.  After reading about all of its amenities and location, you may be tempted to explore what the living options are but it’s important to approach a condo purchase as you would any kind of standard home purchase.

For one, buying at the ICON South Beach condo would be the same as if you were going to buy a house, meaning you must be willing to live in the place for some time if you want to build equity and recoup whatever you spent on closing costs.

Amenities are a major selling point of condominiums, the ICON condo included.  If you’re not interested in swimming pools, fitness centers and other perks you’ll still have to pay for it as part of your association fees whether or not you make use of them.  On the other hand if you want tons of different features, a condo like ICON surpasses a house completely as most of these items would cost tons of money separately.

It’s also a good idea to take a look at the minutes of any condo association meeting.  These are very good at detailing what items are of the biggest concern to residents and what problems exist, if any.  And lastly, make sure that you know what you can and cannot do, not every Miami Beach condo like ICON allows domesticated cats and dogs.

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Tuesday, September 29, 2009

Any first time buyers interested in purchasing a unit or penthouse at ICON South Beach are probably aware that the clock is ticking towards the end of the first time buyer tax credit the government is offering.  Taking into account its impending end in November and how long it might take to actually close on a sale, now is the time if you’re considering purchasing a Miami Beach condo.

Since most people don’t actually know what the tax credit entails, let’s take a quick look at what to expect.  For starters, any hopes of potentially using the ICON condo as a rental property or second home are moot, the unit you purchase must be your primary residence if you want to qualify for the tax credit.  There are also certain restrictions when it comes to your income (i.e.: you can only qualify if make below a certain amount) that should be taken into account.

It’s important that you don’t confuse the current $8,000 tax credit with the $7,500 one that was originally enacted.  That incentive—unlike the current one—ended in July and needs to be paid back.  If you know that you got the $7,500 credit, all you need to do is file an amended tax return for last year and then claim this new credit in order to get those extra $500.  If this $8,000 credit sounds appealing to you, time is of the essence if you plan on purchasing at ICON Miami Beach especially since we’re already heading into October.

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Friday, August 14, 2009
Tags:   South Beach condos, Icon South Beach, Icon Miami Beach

ICON Miami Beach is not just one of the premier South Beach condos with its South of Fifth location and incredible wraparound balconies, but it's also a condo with amazing deals. From its one bedroom units with 851 square feet of living space and one-and-a-half bathrooms to its luxury three bedroom suites with 2,145 square feet of living space and three-and-a-half bathrooms, ICON Miami Beach is offering incredibly low prices for an array of luxury units.

The condo market is picking up again as Miami Beach Condos and Homes proudly announces the sale of a luxury two bedroom and two bathroom unit on the fourteenth floor. This prize of a condo closed on July 23rd for $1.1 million dollars and includes residential features such as cable and broadband pre-wiring, unique interior designs, nine-foot high ceilings, European cabinetry, marble bathroom flooring, granite countertops, Miele brand appliances, tinted and tempered glass and an elegant master bedroom. ICON Miami Beach also has amenities like a multistory lobby, concierge services, 24-hour security, valet and assigned covered parking, bayfront café, full-service business center, sauna, steam room and incredible boat dockage.  

There are currently fifty units left in the building representing all the different property types. ICON Miami Beach has as total of 289 residential units with nine distinct floor plans. Balconies on ICON Miami Beach units range from 200 square feet to an enormous 797 square feet and display panoramic views of Biscayne Bay, Downtown Miami, Miami Beach and the Atlantic Ocean either on the balcony or inside through the floor-to-ceiling windows.

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Wednesday, July 15, 2009
Tags:   South Beach condos, Icon South Beach, Icon Miami Beach

Miami Beach continues to be one of the top tourism destinations in the country as people flock to this eternally contemporary city to discover some of the most amazing sun-kissed beaches and a community that comes from all walks of life.  These are two of many qualities that have earned Miami Beach widespread acclaim and contributed heavily to the appeal of Miami Beach condos.

ICON Miami Beach belongs to an elite group of Miami Beach condos recognized for the time, effort and creativity that has gone into making these buildings one of a kind as well as for the big names that have contributed to ICON’s acclaim.  As a project by South Florida’s The Related Group, French designer Philippe Starck and Sieger Suarez Architectural Partnership, ICON reinforces the luxurious appeal of Miami Beach.

However there is much more to Miami Beach than just the ICON condo and thus we’ll be providing you with regular news, tips and information about the city as well as South Florida right here on our blog.  Make sure to check back regularly to read up and comment on the latest happenings.

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