Miami condo buyers demand yachting amenities, private slips

Serge Ojeda is embarking on a new chapter in his life with swanky new toys: a $25 million boat and a $31 million Miami trick-sale condo unit with a free private boat slip for a year.

Mr. Ojeda, who runs a private equity firm that invests in renewable resources around the world, negotiated the contract for a trick-out triplex penthouse at the 54-story Turnberry Ocean Club Residences in the Fontainebleau development. There is. The Sunny Isles Beach Pad has six bedrooms, 9 1/2 bathrooms, and 10,750 square feet of indoor space and 8,615 square feet of outdoor space. The building will have 154 three- to six-bedroom units ranging from 2,900 square feet to 10,750 square feet. They run for $5.5 million and $31 million.

Marina access and your own boat launch at Turnberry Isle Country Club are must-haves for a business owner looking to purchase a 180-foot boat and relocate two holding companies from Brazil to Miami. That’s where we’re based in Miami.

“Miami will be my second home, not my first home,” Ojeda said.

In a city where demand for water access and private boat slips outstrips supply, condo developers are adding boat slips and other features to their projects to appeal to potential multimillion-dollar buyers. They are eager to provide marina services. Apartment.

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In early January, developer Integra and Related Group brought its first penthouse to market at St. Regis Residences in Miami. With over 10,000 square feet of indoor space and a 2,842 square foot indoor/outdoor roof deck, the $45 million duplex comes with the perk of the opportunity to purchase a boat slip.

The St. Regis Residences in Brickell includes five boat launches in a private marina for buyers of larger units in the 50-story building. The project also includes space for boat pickup and drop-off.

The tower will have 152 condominiums, including two separate garden villas. Homes will range in size from two to six bedrooms, from 2,600 square feet to more than 10,000 square feet, and will be priced from $4 million to $45 million.

Boat slips are limited within the municipality, but developers hope to obtain a variance to extend the length of the dock to 200 feet for a total of 16 slips, a spokesperson said. That’s what it means.

Nick Perez, president of condominium development at Related, said the marina is a “huge attraction from a sales standpoint” and the slip is a “tool to sell” larger units.

Associated Companies is also developing The Residences at Six Fisher Island, a private island of the same name just south of Miami Beach. The 11-story, 50-unit project includes three to eight bedrooms, 3,800 to nearly 16,000 square feet, and up to four slips. Apartment prices range from $15 million to $90 million.

Compass agent Ivan Chorney works with clients who want Miami condos with one or two slips. Agents say customers are “eyeing” the St. Regis and Vita on Globe Isle. For buyers, “it’s about proximate access,” Chorney added.

But buyers who don’t value it too much don’t have a choice.

CMC Group is developing Vita on Grove Isle, a private island in Coconut Grove. The seven-story, 79 condominiums with panoramic views of Biscayne Bay will range in size from 2,500 square feet to 6,800 square feet. Vita will feature his 3-4+ bedroom condos and even larger penthouses. Prices are expected to range from $5.7 million to $19.5 million. But here’s the point. Features 85 slips including Dock Master and Marina Concierge.

Owners of Regency Development Group’s La Mare Residences on Bay Harbor Island will have access to another full-service marina. The two boutique properties (33 units in one building, 9 units in the other) are currently under construction, with 17 units listed, 2 of which will be for drop-off/pick-up, said managing partner and deputy. President Michael Troyanowski said. Head of Marketing and Sales for Regency. She said slip prices range from $350,000 to $500,000, but apartments ranging from 1,600 square feet to 4,300 square feet are asking up to $8 million.

“In South Florida, people are so passionate about boating that when you see a boat out your window and you go outside and within 30 seconds you’re on a boat cruising, your eyes light up,” Toro said. Yanovsky said.

Gary R., who works in the medical industry on condition of anonymity, said in a statement via Troyanowski that when he saw the “scale model with boat slip” in the La Mare sales gallery, he was “instantly sold.” Stated.

Bay Harbor has become a major hub for this product, with Bay Harbor Towers also becoming a new building with a private marina. The nine-story, 44-unit condo building will include his 13-point boat launch at the edge of the property. The slips will cost about $10,000 per foot, said Ali Pearl, founder and CEO of PPG, the project’s developer. The units are asking about $1,600 per square foot.

There has already been a lot of interest, with Mr. Choney representing the buyer of Bay Harbor Towers, who is requesting a boat slip as part of the deal. Agents say customers are buying $4.5 million units there, along with $400,000 boat slips.

Also on Bay Harbor Island, VDA Origin Miami is building Artefacto’s Origin Residences with a private marina. The seven-story condo building will consist of 27 two- to four-bedroom homes, priced from $1.5 million to $3.5 million. Jesse Ottley, president of development and sales for Cervera Real Estate, which sells homes for Origin, said he has eight boat slips and one for temporary transportation. He said the boat slip, located “right outside” his home, would cost about $360,000 to $400,000. That capability is “part of our positioning,” he said.

Jonathan Landau’s eponymous development company began marketing Indian Creek Residences & Yacht Club, an eight-story, nine-unit condominium project in the Bay Harbor Islands, a few months ago. Apartments range in size from 3,200 square feet up to 5,463 square feet and are priced from approximately $5.6 million to $12 million.

“Boating as a lifestyle has not traditionally been well integrated into island waterfront projects,” Landau said.

The Yacht Club and Private Marina feature five separate slips, one shared slip, and Dockmaster Concierge services. The price of the slip has increased from $500,000 in early January to $1 million due to demand, the developer said.

beyond miami

Miami isn’t the only place where condo developers are seriously ramping up boating. Some buildings have even purchased “house yachts” for the exclusive use of their residents.