29 Sep 08 What Makes One Bal Harbour So Special!

Welcome back!

Even in a down market there are the occasional properties that performance against the curve. One such property is One Bal Harbour, in you guessed it, Bal Harbour FL.

Despite everything negative that can be said about the Miami market, we do have some of the best Oceanfront Real Estate on the East Coast.  The balmy winter weather and relative close proximity to New York, Chicago, Boston, and DC is the number one contributor to the survival of the vacation home market. However, this truism itself cannot explain such astounding numbers.

  

 

Thus far in 2008 a total of 65 condos have sold at One Bal Harbour.  That is nearly 60% of the entire available inventory which makes One Bal Harbour the most active condo in Miami-Dade.   

Since our office was responsible for over 12% of the sales, I dug a little deeper and contacted a few buyers.  What I found should not come as a surprise; each buyer indicated three reasons why they decided to buy:

1)    Location 2)    Location 3)    LocationThat’s right, you guessed it. Location is King!One Bal Harbour is the ONLY new building (other than Bellini which is a completely different type of property) having been built in over a decade in Bal Harbour making it a no brainer for those loyal to this neighborhood.  Bal Harbour is a unique beachfront community at the Northern tip of Miami Beach which is home to the Shops At Bal Harbour (the most upscale mall I have ever seen or heard of in the US) and one of the largest synagogues.  With one of the most well landscaped stretches of Collins Ave/ A1A, Bal Harbour offers oceanfront condos preferred by the global elite that are not interested in the hustle and bustle of South Beach.  For more information about One Bal Harbour including Floor Plans and Photos, check out my site www.BryanSereny.com .

Tags: bal harbour FL, Miami Beach Real Estate, One Bal Harbour