Today I finally was able to get into Marina Blue in Downtown Miami to take photos and to preview some 1 and 2 bedroom units. I was able to see units on the 44th floor and while I did not have an opportunity to get into every single line I now do have a better sense of which units will hold up best in terms of value. Overall I was very impressed by the views - at least from the 44th floor. I prefer the views from the 08 to the 01 lines but mainly because I like a concrete jungle mixed in with my water views. The 10 and 11 lines are great in the sense they have great direct bayviews in a one bedroom, which is tough to find in a brand new condo in Downtown. (Many new condos put studios and one bedrooms on the west side of the building/city view side). So here are the photos:
The 08 line is by far the best line of the standard floorplans, offering tons of glass throughout the unit. This creates a unique effect as you are walking around in the space. From the building you have views of the cruise ships, the Port of Miami, American Airlines Arena, Downtown, South Beach and even the ocean all the way in the distance. I was also able to see one of the large floorplans on the 45th floor which is a combined 10 and 11 line from the standard floorplans. This unit was very nice because you have both bedrooms facing North East. I also had an opportunity to see an 01 line and it was hot! It was scorching in there but we were in this unit around 4:30pm with the sun getting ready to set and without window treatments and air conditioning. However this line was impressive with the extra glass throughout the unit.
As far as the overall building, the contractors were busy at work on finishing the lobby. I didn’t see anyone on the pool deck as it looked pretty much complete minus a few tiles here and there that need to be laid. Just like the renderings, you have a very impressive “sky beach” with sand everywhere. I like the way this looks but I don’t know how practical this is. I think this could be very difficult to maintain in the future. Both pools were filled, one on the North West side and one on the South East side. The pool deck had sand, decking, grass, water and shade. It truly felt like an oasis.
After seeing the building in the condition it was today, I would expect closings to begin shortly. This is a long term investment. Anyone who bought very early in preconstruction can be assured they have a quality development and the architecture is amazing. It is a very unique development and will be very desirable in resales and also in rental demand. I would urge most contract holders to close. If you are interested in purchasing in Marina Blue, need advice or want to schedule a tour give me a call - Samir
9 responses so far ↓
1 laura // Jan 19, 2008 at 6:12 pm
Hi Samir,
Thank for a wonderful tour. It is a wonderful building indeed. What are the prices there?
2 Samir Patel // Jan 19, 2008 at 8:58 pm
Hello Laura,
Thanks for the compliment. The asking price per sf is currently between $400-$450. The 08-lines are currently asking $599,000 and up. The 1 bedrooms were asking $370,000+ the last time I checked. I also have motivated sellers on the higher floors in various lines incase you are interested in putting in an offer.
3 Samir Patel // Feb 1, 2008 at 10:55 am
Terry,
The prices I qouted have been from the resale program, not from the MLS. The developer does not allow units to be listed in the MLS like most other developers. However, there currently is a resale program in place until closings. The asking prices on the 08 lines have been hovering around $600,000 recently for high floors. 01 and 12 lines have been hovering between $500,000 and $600,000. Smaller 2 bedrooms can be purchased for around $450,000. And one bedrooms have been asking in the mid to high $300s.
I know from a few contract holders that prices were anywhere from $420 per sq ft to $620 per sq ft depending on the line and the height in the building. (These were from the highest floors).
4 Terry // Feb 1, 2008 at 9:43 pm
Samir,
Are these prices from the resale program of the developer ? Is there one ? Or is it in the MLS ?
Do you have any idea of what the early preconstruction prices were ? Thanks for info.
5 Terry // Feb 2, 2008 at 8:18 am
@Samir,
Thanks for the info. Great pictures tour too !
Do you know if 08 line 54th floor (floor plan b1b) is still available in resales ? or any other 08 (level 17-52)? I am interested in details…
When is closing foreseen now, for the first part ?
Thks.
6 Samir Patel // Feb 2, 2008 at 1:43 pm
Terry, I sent you an email about the 08 lines earlier.
7 Ely // Feb 7, 2008 at 6:40 pm
What do you know about the lofts.
Thanks for the info
8 Samir Patel // Feb 8, 2008 at 6:57 pm
Hi Ely,
Last time I inquired for a client about the (lofts a few weeks ago) I learned the pricing was higher due to limited availability of lofts in the entire project. The 1 bedroom lofts (982 - 1052 sf) were asking around $500,000 and the 2 bedroom lofts (1457 sf), I think were asking around $800,000. They were possitioned on the lower floors of the building below the pool deck looking directly East to Biscayne Bay. Since Marina Blue is directly across from the inlet next to the American Airlines Arena you can expect direct bayviews from the lofts. There are also two story penthouse units available at the very top of the building but expect to hear asking prices closer to $2M.
9 gary // Feb 18, 2008 at 9:29 pm
Hello,
My apt, high floor line 1 is available for rent, please email with any questions. TCO will be obtained on Feb 25. Closing 10 days after TCO.
We can furnish, upon request, 1500 sq ft includes 2 terraces.
Leave a Comment