Wishing you, your family, and friends a joyful holiday season! If you enjoy hosting loved ones during this special time of year and are in search of a new home, we’ve curated a selection of five stunning condominium units for sale in the building, each offering unique features to match your needs and lifestyle.

• 1408

This beautifully remodeled 1-bedroom, 1-bathroom condo offers breathtaking direct views of the bay and sunsets. The updated interior features a sleek, modern kitchen and bathroom, providing a perfect blend of style and comfort.

• 2206

This 1-bedroom, 1-bathroom unit is flooded with natural light, offering spectacular bay views. The spacious balcony is perfect for relaxing and enjoying the scenery.

• 1103

This elegant 2-bedroom, 2-bathroom condo offers 1,080 sq. ft. of living space with porcelain tile flooring, a modern kitchen, brand-new stainless-steel appliances, and pristine, never-lived-in interiors. It’s a perfect choice for first-time buyers or those seeking a convenient second home.

• 802

Beautiful 2-bedroom, 2-bathroom corner unit with newly renovated kitchen and bathrooms and wrap-around balcony that provides an ideal space for entertaining while enjoying the stunning waterfront vistas.

• 2505

Located on the 25th floor, this remodeled 1-bedroom, 1-bath condo offers stunning ocean views, modern finishes, and abundant natural light. Ideal for both investment and vacation purposes.

• 2911

This beautiful corner 2-bedroom, 2-bathroom condo features two spacious balconies with unobstructed views of both the Ocean and Bay, providing a serene living experience.

Each of these condos offers the ideal blend of elegance, convenience, and tranquility. Don’t miss out on your opportunity to own a piece of waterfront paradise.

Contact us today to schedule a private tour and take the first step toward your new home at the Yacht Club!

The post Exclusive Condos for Sale at the Yacht Club appeared first on Yacht Club at Portofino.

In preparation for the next year, the Yacht Club at Portofino is updating. From the first to the last week of December, the entire maintenance team will work hard to give us a new building for the New Year. All the residential parking garages will be restored and pained. All the Air Conditioning in the building’s common areas and hallways will be cleaned and sanitized.

This month, with the holidays, the building will receive a lot of packages. Thus, don’t forget to pick it up within 5 days. If you need assistance, please contact Yamil, the front desk supervisor at the following email address residentexperience@alton.com .

To talk about Portofino Yacht Club’s life, we got the result of the Board Elections. We voted the last month to elect our new board. At the end, the same board was re-elected. I cannot wait to see what will happen the next year. What changes will occur in 2023 in the Yacht Club at Portofino? Well first in line are the elevators.

Currently, we have 2 condos listed in the Yacht Club at Portofino, one unit with one bedroom and another one with two bedrooms. The two condos face the ocean, but on different floors, the first unit is on the 9^th floor, and the second unit is on the 16^th floor. Easy to show, contact me if you want to discover these 2 condos. Then, if you are interested in visiting an apartment facing the bay, I can show unit FL-4. With a modern style, it is one of my favourites.

To conclude, on December 15th at 6 pm on the 6th floor the End of Year Holiday Party will occur. If you want to participate in the Yacht Club at Portofino’s event, contact Christina at the following email address manager@90alton.com before December 12th.

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The first reopening phase will proceed as follows:

1. Contractors:
   1. Only essential repairs will be allowed at the Yacht Club at Portofino Condo
   2. Contractors will have their temperature taken before accessing the Yacht Club at Portofino Condo.
   3. Notice of 72-hours most be sent to the front desk – frontdesk@90alton.com –
   4. They will only be allowed to use the service elevator
   5. Only Monday-Friday from 9-5 pm.
   6. Contractors will be escorted by security to the unit and will be confined during work hours. The door will be disinfected after entrance and exit.
2. Move-ins/ Move outs:
   1. Notice of 72-hours most be sent to the front desk – frontdesk@90alton.com –
   2. Need approval of the Yacht Club at Portofino Management office.
3. Housekeepers:
   1. Notice of 72-hours most be sent to the front desk – frontdesk@90alton.com –
   2. Housekeepers will have their temperature taken before accessing the Yacht Club at Portofino Condo.
   3. The resident will have to come down to the lobby to escort the housekeeper through the service elevator at the Yacht Club Condo.
4. Tennis court:
   1. It will be open from 9:00 am -7:00 pm
   2. Only singles are allowed
   3. An appointment is mandatory via BuidingLink
5. Management office:
   1. The management office will be working from the Yacht Club at Portofino’s office
   2. Will only allow access by appointment
   3. Office staff will have their temperature taken before accessing the Yacht Club at Portofino Condo.
6. Receiving area:
   1. Residents will collect packages and food deliveries at the front desk
7. Front desk:
   1. The front desk at the Yacht Club at Portofino condo will keep the 6 feet cordoned off.
8. Elevators:
   1. Only one person or members of the same family will be allowed at a time.
9. Real Estate Agents:
   1. All real estate agents will have their temperature taken before accessing the Yacht Club at Portofino Condo.
   2. Notice of 72-hours most be sent to the front desk – frontdesk@90alton.com –
   3. A unit can only be shown to a maximum of 2 prospects at a time.

The Yacht Club at Portofino Condo management keeps trying to adapt to the new circumstances after COVID-19 and encourages its residents to follow the social distancing and stay at home city guidelines.

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2. Restaurants walking distance to the Portofino Yacht Club

I’ll describe more in-depth the restaurants in the neighborhood in my next blog. However, I am going to give you a recap of the best ones here.
First, if you are looking to eat meat you cannot miss Prime 112 or Smith and Wollensky. I feel like the meat is better in the first one but the scenery is outstanding in the latter.
Then for fish, you can try Milos or Prime fish.
If you are looking for casual Italian food my favorite of all is Call me Gaby. La Locanda has also great food but the outdoor scene is not comparable.
Let’s not forget to mention the best breakfast at Pura Vida and Prima Classe or the 4D ice cream parlor.

3. Dog parks close to the Portofino Yacht Club

There are 3 dog parks in the neighborhood. The best is the south pointe park but if your little fur friend has some freedom issues then there are 2 gated ones along 2nd street between Washington and Collins.

4. Kid parks
The South Pointe Park is the biggest but there is also one called Marjory Stoneman on Ocean Drive between 2nd and 3rd street.

5. Library in front of the Portofino Yacht Club
Did you know there is a library right in front of the Yacht Club at Portofino? There is also a pharmacy and a property insurance broker next to it.

6. Grocery shopping
The closest is our Italian bistro in the lobby but if you need to do serious grocery shopping then Publix or Whole Foods are respectively on Alton and 5th and Alton and 10th.

7. Night time in the neighborhood
If you play hard then Story nightclub is the place to party. Nikky beach is also great on weekends. On the softer side, there is the South Pointe Tavern, the minibar or the cigar lounge.

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So is this “short term” policy an asset for the condo or a drawback?

The opponents of the “short term” vacation condo claim that allowing fewer restrictions on the term of the lease does increase the turnover of vacationers which as a consequence increases the possibility of damaging the common elements. Nevertheless, this depends on the quality of the “short term” tenants. Since short term rental prices are on the high side in the Portofino Yacht Club, the tenants leave a hefty deposit and are very cautious.

The majority of homeowners do think it is an asset because a lot of condos at the Portofino Yacht Club are second/vacation homes. The owners can offset maintenance fees and property taxes with some rental income. The fact of having an apartment which they can personally enjoy and rent short term once in a while raises their interest in purchasing in this building.  Their condo at the Portofino Yacht Club doesn’t cost them an arm and a leg so it becomes very attractive for them and as a consequence increases property values.

For example, this unit is a Penthouse with 3 bedrooms up for rent for $5,000/month in summer and $6,500/month in winter. In between the owner and his family enjoy it. It is already rented in August but it is available from now till the end of July.

We also have this beautiful unit #2708 1bed/1bath which is totally remodeled and is available from June to October for $2,500. Then the owners come till Dec 15^th and it’s available for another month or two before the owner come back in February.

By allowing short term rentals in the Portofino Yacht Club, residents mix pleasure and business. The building is very attractive to the international community who is not used to pay high property taxes and maintenance fee back in the home town. Renting their condo for 3-4 months pays their yearly expenses and gratifies them with a “semi-free” vacation condo.

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So why is it a good time to sell your condo at the Portofino Yacht Club? Because the inventory is low and the last sales of bayfront units were at a high price.

Let’s first look at the last sales. The three last sales of bayfront condos at the Portofino Yacht Club were in the $800/sqft.

#2812 which sold a month ago for $950,000 or $840/sqft and it was not remodeled. The other one was #1804 which closed for $840,000 or $770/sqft totally remodeled. Finally, PH#3308 sold for $805/sqft or $612,000.

These last sales give us a positive forecast for the remainder of the year.

Now if you want to sell your unit at the Portofino Yacht Club you are going to ask me for what is available for sale today on the market?

Well if you want to buy a 2-bed condo there are only available ones above $900,000. You can choose between #2612 for $919,000 or #2012 for $939,000 or #2010 for $1,075,000. This means they are all above $800/sqft.

You can also enjoy a 2-bed Penthouse at the Portofino Yacht Club for $2,200,000. This unit has an awesome balcony and 10 feet ceilings. It is very well remodeled.

If you are looking to sell your 1-bed condo at the Portofino Yacht Club, the prices range from $555,000 to $626,000 for the remodeled unit. These are the only units under $1M in the entire south of Fifth neighborhood which offer sweeping views of the bay and downtown Miami so you will find a buyer quickly.

As a conclusion, if you are planning on selling your unit at the Portofino Yacht Club it is the right timing even if we enter the low season. Please call us so we can evaluate its pricing.

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In terms of prices/sqft, the Portofino Yacht Club is also stable at $680/sqft whereas the condos in the neighborhood are almost all down. The Icon is 38% down at $667/sqft, the Murano Grande is 16% down at $728/sqft, the Murano at Portofino is 17% down at $994/sqft. This downward trend is probably linked to the drop of foreign buyers and the high inventory in Brickell and Edgewater.

So which unit has sold in the Portofino Yacht Club?

The highest sales price goes to #2802 which sold for $950,000. It’s a beautiful 2/2 with 1,130sqft corner unit facing the bay.  The unit was not remodeled. Then #1504 sold for $840,000. It is also a 2/2 facing the bay but the smaller floorplan. It was very well remodeled a few years back.

Then the next highest sale at the Portofino Yacht Club was Flat 6 for $750,000. Have you ever seen flats? They are located right underneath the swimming pool deck on the bay side. It feels like you are in a boat.

Two other units facing the bay sold at the Portofino Yacht Club. They are one bedrooms PH3308 and #1206 for respectively $612,000 and $490,000.

The most expensive sale on the ocean side is #2709 which sold for $785,000. It had a remodeled kitchen. Then #2609 sold for $640,000 which was a great deal. The unit was in original conditions.

The last three units which sold were on very low floors so they sold under $510,000.

The Portofino Yacht Club is welcoming a lot of new residents this winter.

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