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Cashflow In Miami
January 23, 2022

Final Crane Leaving Sunny Isles Beach

It won't be more than a year or year and a half and we will see new cranes come over for the two new developments, Bentley Residences and St Regis Sunny Isles Beach. Both will start going vertical.
With new elections, each candidate for the city, promises to tame overdevelopment. I hope all of the candidates reside in the their own houses or very fresh properties that do not need to be replaced.

We are seeing some of the historically, lowest levels of inventory in the city. The least expensive residence offered for sale now is a studio in Marco Polo Ramada for $95,000. The condo-hotel has only 16 units for sale, on average that used to carry 70-80 units offered for sale- that's a wow.

The most expensive offered are penthouse Estates of Acqualina, a two-story, $36 million penthouse over 10,000 sq ft (off MLX) and TS5201 Turnberry Ocean Club. 10750 sq ft residence. Oceanfront Tower Suite Penthouse. R& sumr kitchen. 10,750 SF living space +8,615 SF outdoor space=19,365. 3 Story flow thru residence offering direct Ocean & Intracoastal views. Offered at $34,750,000

Total Sunny Isles Beach inventory is only 714 residences between scarce single families and condos.

2022 will be very very interesting. With rents in town starting at $2000 for a smallest condos and up.

Alex Kallers Jewish-Russian center will be complete as well as the Estates Of Acqualina, both the South and North towers, the city will have only the both Del Mar multifamily properties finish up on the south side .

As always, we will closely monitor and write up about the release of the construction of the moratorium on the west side and bulk sales that are to come, for sure.

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