Lincoln Road, South Beach

Added Vision, Adding value to the West End of Lincoln Road. Designed by the Swiss duo of Herzog & De Meuron (Bird’s Nest, Beijing Olympic Stadium) and local landscape firm Raymond Jungles, the building is nearing completion.

Located at the intersection of Lincoln Road and Alton Road, 1111 Lincoln Road is actually an addition to the existing Sun Trust Building next door.  The location was previously a yawning surface lot.  The building will serve not only as a parking garage for the bank, but also for the west side of Lincoln Road.  1111 Lincoln will have ground level retail, a handful of residences, and a restaurant atop. It is hoped that 1111 Lincoln Road will serve as another landmark on the west side of the important street — bringing tourists and activities to that side of Miami Beach as well.

1111 Lincoln Road, South Beach

Of interest, it looks like 1111 Lincoln Road will house a Taschen Books retail store at the base of the building. According to the website, the architecture book provider will open a store that is scheduled to open in January of 2010.  This will be a great move in the part of Taschen and the developers of the building.  1111 Lincoln will serve as a landmark for architectural tourism in Miami Beach, especially when combined with the new Frank Gehry building under construction only a few blocks away (New World Symphony).   There are only ten or so of these stores in the world and only three others in the United States — many if not all designed by Philippe Starck.

Tour the property: www.1111lincolnroad.com

Some of the most exciting properties offered on or near Lincoln Road are:

1111 Lincoln Road, with only four residential units designed within the contemporary Live, Work concept.  Residences start from $2,495,000 for 2,098 sq ft.

Capri South Beach

The Capri Condo Miami Beach waterfront residence start from $495,000 for the 721 sq ft one bed, 1.5 baths and $975,000 for the 1,298 sq ft 2 bedroom, two baths. The 5-Star waterfront property is situated on 2 lushly landscaped acres of prime bay front just one block from world famous Lincoln Road.   The Capri South Beach Offers pool, Jacuzzi, fitness center, spa, 500 feet of bay walk with a private marina and boat slips up to 62 feet, 24hr security and valet parking, concierge services. Walk to famous Lincoln Road, theaters, great restaurants and South Beach.  The new boutique development, Capri South Beach, features high end kitchen with Miele/Wolfe/Subzero appliances, Poggenpohl cabinetry, travertine flooring, luxurious oversized soaking tub and glass enclosed double head rain shower.

If you are looking for just a place to hang your bikini, the Lincoln Road area offers great boutique buildings with studios (300-400 sq ft) from $100,000,  full one bedrooms from the high $100,000′s and two bedroom units from $225,000.

The Capri South Beach

The Capri Miami Beach Condominium is located directly on the bay at 16 and Bay road on Miami Beach.  The Capri South Beach is a mostly undiscovered gem in the South Beach Real Estate Market offering 500 ft of Bay Front Board walk, on-site private marina and boat slips and spectacular views.  The Capri South Beach floor plans include generous 1, 2 and 3 bedroom units and available penthouses.  Endless shopping and entertainment is also right at your doorstep with the Lincoln Road Mall only a block away.  Prices start at around $500K for a 1/1.5 and around 1M for a 2/2.

Kitchen

Bathroom

View

Ocean Drive

It may seem preposterous, but with busier schedules and reduces vacations, we are forced to do more with less.  Not to worry, the fast South Beach lifestyle may be just your ticket.  Some call it South Beach, others Miami Beach and for the really REALY cool, SOBE.  Whatever you choose to call it, South Beach is one of the most exciting destinations on planet earth.  But with a seemingly endless array of activities how’s does one choose?

Lincoln Rd

One option is to fly in early Friday evening and go non-stop for 24 hrs and then recover Sunday morning on the Beach and fly out Sunday evening.  Mission Accomplished!

Here is your guide: 10 Things to Do in 24 Hours

Sunset at the Mondrain

Now you’re hooked and you will want to explore owning a piece of all this glamour.

Start here for  Miami Beach Real Estate you are sure to find  Miami Beach Condos and South Beach condos that will fit your lifestyle and be part of the action.

The Waverly of South Beach located on the bay at 1330 West Ave, Miami Beach FL 33139

I ran a report for all of the closed sales over the last 365 days.  The real estate market during that period had some serious swings as the credit markets collapsed and Buyer’s confidence was at all time lows.  It is interesting to see the pattern of the day the unit went into contract and closed prices pretty much followed the nationwide sentiment regarding real estate.  In August of 2008 before the credit collapse, there were three units that went into contract.  Then from September 09 through January 09 there were only five units that went into contract.  By February inventories had built up and Sellers (Lenders or Short Sale properties), started cutting prices to move units. During February and March while the prices were at their lowest TEN units went into contract. Five of those units were below $300,000.  In the last four months, four other units went into contact and have closed.  Since all of those properties listed below $300,000 have sold and closed, the values have started to rise.

The $300,000 deals were the bottom and only a few were able to pick up units during that time.

This is just like the stock market.   No one is ready to buy when then deals are in front of them but then when they want in, they want the low price offered several months back.  Just like Apple, in late January the stock was at $78. I told a friend to buy as much as he could because the company had great value and was only suffering due to general marketplace sentiment. The friend didn’t listen and now he is kicking himself as Apple has more than doubled to $164 today.  The Waverly of South Beach is a good building and like Apple, is a great stock. Both hit their lows earlier this year and since then values have been gaining.

Robert Fournier