Firstly, unit #1606 at the Yacht Club at Portofino condo, which was listed a couple of weeks ago, is a completely remodeled 1 bedroom unit facing Biscayne Bay. This beautiful unit has upstanding upgrades in the kitchen, bathroom, flooring, ceiling and light fixtures. The kitchen counter was specifically designed to add more cabinetry to the kitchen which is a highly valuable plus as the original version has few pantry spaces. This incredible unit is listed at $579,000 or $742/sqft. All the assessments have been paid in full and the unit is move-in ready now!

The other just listed unit is #612, with an asking price of $799,000 or $707/sqft. What I liked the most about this property is the unique large deck it has, perfect for building a garden with an outdoor  Dining table. This 2-bedroom is a corner unit located directly on the Yacht Club at Portofino pool deck with direct access to the resort-style pool, Jacuzzi, BBQ grills and Tennis court. The unit is nicely remodeled with marble floors and a brand new kitchen and bathrooms. With over 1,100 sqft of living area, this unit was listed on the market last week.

If you would like to know more about any of these units, or any other available one at the Yacht Club at Portofino Condo, don’t hesitate to contact us today! We’ll help you find the deal that fits your needs.

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First, #2012 sold and had been on the market since September 2018. At that time they started marketing it for $1,100,000 but it finally sold for $850,000. It wasn’t remodeled but the 12 line is a corner unit facing the bay so it is very desired.

The #2612 also sold for a similar price of $857,000. That unit was not remodeled either but a few floors higher which does make a big difference since the Rebecca Towers are to the North of the Portofino Yacht Club.

In 2016, when the market was hot, the corner units facing the bay were selling up to $1,150,000 so that’s a huge profit you can make by buying at the right time and selling it during a peak season.

Finally, our company proudly sold #2010 for a record price of $1,050,000 or almost $1000/sqft. This unit was fully and beautifully remodeled. It’s the highest sale in the building since 2016 (except for a Townhouse).

To conclude I think sales have hit the bottom in Miami Beach so buyers are now ready to pull the trigger. A lot of buyers have been eyeing on Miami for the past 2/3 years and they witnessed prices go down. Now is the perfect timing to put an offer on your preferred unit at the Portofino Yacht Club.

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Which units are the best deals at this time?

If you are looking to purchase a 1 bedroom condo at the Yacht Club at Portofino then your entry price would be #1005 for $458,000. This unit is fresh on the market a week ago. From the 10^th floor, you see the ocean but we cannot say it’s a direct oceanfront view. Nevertheless, the view is very open and bright. The condo faces East so you can enjoy a gorgeous sunrise from the Portofino Yacht Club. The current owner bought this unit from the developer back in 1999 and paid $163,000 for it!

If you are looking to buy a 2 bedroom at the Portofino Yacht Club, then your best bet is #303 for $500,000. The unit has been on the market since January. It was first listed for $675,000 so I guess the owner had to lower his expectations. The last unit on a low floor which sold was #301 for $510,000 so without even starting a negotiation you are starting at a lower price point. However, it is a low floor and you are located right above the valet area so beware of the noise.

If you want to buy a 2 bedroom with a view then your best bet is #2703 listed for $750,000. It has a great view of the ocean and is vacant so it’s easy to show. The last sale of a similar non-remodeled unit was for $785,000 so don’t miss out on this deal!

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