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    Surfside is Miami’s Newest Hot Spot for Ultra-Luxury Condos

    June 17, 2019

    Surfside Florida is Up and Coming

    Surfside Florida is a picturesque, charming beach town just north of Miami Beach stretching from 87th till 96th street. Although you wont notice you have left Miami Beach, you will observe that this part of town is less overbearing and less intense, as there are not that many hotels and bikini-clad tourists.

    The quaint town has attracted the attention of some high-end condo developers who built a handful of ultra-luxury condos that set a high quality standard for the area (three of these condos appear in our list of the Best Miami Condos for Sale in 2019) . Think of new luxury condos with large residences, low density, ultra-luxury finishes, superb views and 5 star (Concierge) services

    With the arrival of these brand new condos in this more reserved part of town, more buyers (mostly second home owners) are now looking at this area as a brand new hotspot on the beach.

    Surfside is Miami’s Newest Hot Spot for Ultra-Luxury Condos

    Surfside’s Brand New Luxury Condos for Sale

    (Officially Miami Beach, but one step from Surfside)
    Eighty Seven Park by Renzo Piano is a selection of private Miami Beach oceanfront residences designed to seamlessly embrace park and ocean in Miami Beach’s newest neighborhood. This condo by architect Renzo Piano offers only 17 floors and to the south of the building there is a large park. This is the only building on the Beach that offers waterviews (The ocean in the east and the intracoastal in the west) as well as views at a park. The location of the park is providing this condo with a 270 degree panoramic view avoiding side views into other buildings. As with most of Miami’s prime buildings, Eighty Seven Park offers a high level of finishes, including high quality kitchens and flooring (the units come finished), 10 ft ceilings and extremely large terraces.

    This Four Seasons project has a hotel element as well as two new towers with in total 150 residential units. The Surf Club Four Seasons Private Residences are situated on eight acres of oceanfront gardens, palm stands and pathways. Designed by Pritzker Prize-winning architect Richard Meier, in collaboration with architect Kobi Karp, two transparent 12-story residential buildings and an intimate Four Seasons Hotel incorporate the historic 1930 Russell Pancoast-designed Surf Club, preserving its legendary past. Combining luxury and legendary Four Seasons service and tailoring it to match the understated elegance of this seaside location, The Surf Club Four Seasons Private Residences caters to residents’ every whim, whether they are lounging in a cabana by one of four pools or dining with unimpeded vistas of the ocean.

    The condo by the Chateau Group has the Fendi logo and branding. A great project with a genuine high feel of quality with units ranging from 3,325 SF to 7,500 SF. This is not a temporary project, where the shine comes off after a few months.  The best line is the 01 line, which is a large (5,000 SF+) corner unit. As you go up,  the building gets more narrow and therefore the floor plans change slightly. The 06 Line is also a good line to consider, which is the corner unit at the other side of the building. Prices at this condo range between $5.5M and $20M.

    Why do Buyers look for Surfside Florida?

    The area has seen a large influx of new residents and we will tell you why the entire area of Surfside is becoming more desirable and of a primary nature with people who live in Surfside all year round.

    • Surfside is seen as part of the Beach, although it is officially a separate town within Miami Dade. This means the Miami Beach lifestyle is within reach (a 5 minute drive), while you enjoy a more tranquil living experience without all the traffic, nightclubs and tourists. Imagine pristine beaches without the large amounts of tourists.
    • With the arrival of ultra-luxury condos as Fendi, the Surf Club and Eighty Seven Park, more high net worth individuals are looking into the area, which gave it a general boost, more status and these new condos brought along new restaurants and other forms of entertainment.
    • With the influx of tax refugees into Miami, we see a high demand for ultra-luxury and large condo units. Many of these relocating families are looking for a condo that can replace a home, but with the benefits of a condo; the so called ‘lockup-and-leave properties’. Many of Surfside’s newest condos are low density projects with extremely expansive units and 5 star services, which attracts mostly primary residents and/or second /third home owners as opposed to investors.  Primary residents make an area more resilient against economic change and price fluctuations and are therefore better investments.

    The Average Prices per SF of “Older” Surfside Condos For Sale

    Surfside is Miami’s Newest Hot Spot for Ultra-Luxury Condos

    For more information on the up-and-coming area of Surfside Florida, the Fendi Chateau Residences, Eighty Seven Park or the Surfclub Four Seasons Residences in Surfside, contact the David Siddons Group

    David Siddons | david@siddonsgroup.com | +1.305.508.0899

    David Siddons is a top producing realtor with nearly $100M in yearly sales. He is known as a market analyst and he is the author of several of Miami’s most groundbreaking and influential real estate reports and forecasts

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    THE 2018 MIAMI REAL ESTATE REPORT

    EX-STOCKBROCKER’S ANALYSIS OF THE MIAMI MARKET

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