Today at the Yacht Club at Portofino the front outdoor sculpture finally arrived and will complete the fabulous selection of furniture and material to finish up the remodeling of the lobby entrance. We find it beautiful and its Mediterranean style blends in perfectly with the overall design.

You must have also noticed the remodeling of the hair salon, it promises to be modern and optimized for their lovely clientele. About Condoideas Realty Group, we are looking forward to coming back this incoming year to our original offices, freshly remodeled.

The convenience store will re-open as well in 2022 but they are awaiting a new hood to bake us the best pizza in town!

The lobby is expected to be done by the end of 2021, we are just waiting for the front desk. The management office at the Yacht Club at Portofino Condo thanks all its residents for their patience and cooperation during this process that will be beneficial for all.

The Yacht club at Portofino also has entered the holiday season with wonderful decorations in the temporary lobby, we hope you love it as much as we do.

The Yacht club at Palso has entered the holiday season with wonderful decorations in the temporary lobby, we hope you love it as much as we do.

We wish you a very Happy Holiday season and a peaceful and prosperous New Year.

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For those who have visited the Yacht Club at Portofino condo lately, you must have noticed that there is a visual change of the Yacht Club porte-cochere where the valet parking booth was previously located.

The lobby entrance has been covered with plywood which will be painted to the orange color to match the facade of the building entrance. This area has been framed with the purpose of allowing the contractors in charge of the remodeling to keep on working while having employees in their respective areas, as well as containing all debris. This frame will remain until the completion of the renovation.

The valet booth at the Yacht Club has been relocated behind the podium. During the overnight hours and inclement weather, the valet parking staff will move to the interior of the temporary lobby.

The lobby remodeling is expected to be completed by the Spring of 2021. The management office at the Yacht Club at Portofino Condo requests all its residents for their patience and cooperation during this process that will be beneficial for all.

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For those who are not aware, the main lobby has moved next door where our Condoideas Realty Group office was located, and now we are moved right next to them. Here a picture of where we are exactly:

Even if our office has been downsized, we are still on site ready to assist all of you in any real estate need you may have. So feel free to come to visit us, even if it’s just to say hi!

It’s been a month since the front desk was transferred next door, and here is how the main lobby at the Yacht Club at Portofino Condo currently looks compared to how it looked before.

The demolition has been completed, floors have been removed and the lobby is now a blank canvas waiting to be converted into the beautiful renderings we’ve been looking at for months now. For those who still haven’t seen how the lobby will look like when the remodeling is ready, here are some of the renderings provided by the Yacht Club at Portofino management team to all its residents:

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Phase I of the remodeling plan is almost over now, including the commercial hallway where the convenient store, contractor’s office, hairdresser, and our Condoideas Realty Group office are located. This also includes the lobby bathrooms that I have to say, give us a really positive introduction of how the lobby will look like when all the phases are over.

The next phase of the lobby project at the Yacht Club at Portofino condo features the mailroom and the elevator hallway. This phase has been undergoing for a while now, and residents have been facing some limitation on the elevators and mailbox room’s use, however, this is about to be over as the contractor’s office in charge of the remodeling has shifted the lobby elevator partition wall so that residents could have access to all 4 elevators.

Nevertheless, the City of Miami Beach has informed the Yacht Club at Portofino that as the south part of the lobby (the one including the commercial hallway) is still considered as a “construction area”, so it will have to remain closed to residents.

This is causing disturbance for accessing the mailroom, which is why the management office at the Yacht Club has decided to allow pick up and drop off in the mailroom from 5 pm to 10 pm every day. The front desk will advise security, which will then provide access to residents.

Even if it might not be the most comfortable situation, we have to keep in mind that all these combined efforts have one same goal that is to achieve the successful lobby remodeling completion. The management office at the Yacht Club condo thanks all its residents for their constant cooperation on this matter.

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The grocery store of the building is closed and the contractors have already started to put the new floor tiles so let’s hope it reopens very soon.

On another note sales at the Portofino Yacht Club Year to Date are down 30% compared to 2018. But on the good side, the prices of sold units are flat which means that we could be seeing the end of the tunnel. Nevertheless, we will always find a deal for you and right now our best deal is #1007 which is a 1 bed 740sqft just reduced to $440,000.

Regarding rentals, it’s impossible to find a short term rental for the season. Every unit seems already booked or the landlords want a minimum of 6 months rental. But if you are looking for a huge 4,500sqft apartment that sleeps up to 12 people then you should consider the Yacht Club at Portofino townhouse listed for $100,000/month. I hope you already booked your rental at the Portofino Yacht Club to enjoy the outstanding weather starting in a few months.

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So what’s the plan for this famous lobby? The first phase will start the beginning of July and according to the plan should last only 3-4months. During this phase, the convenience store floor, my office floor, the hallway, and the bathrooms will be remodeled.

The second phase of the lobby renovation at the Yacht Club at Portofino will be the actual lobby itself. During that stage, the lobby will be closed off and access to the premises will be done from the side entrance thru the hallway. At that time the front desk will be located in my current office.

Finally, the cherry on the cake will be new elevator control panels which will be installed when the lobby is finished.

So how long is this project going to last? The plan is to be done in early 2020 but I suspect completion for the summer of 2020 at best.

The question a majority of my clients ask me is if sales and rentals at the Portofino Yacht Club will be impacted during that time?

Yes if you want to buy a unit at the Yacht Club at Portofino during the lobby remodeling chances are you will wait till it’s finished or you will decide to buy in a building which has more appeal. Unfortunately, tenants will have the same behavior and will avoid renting during that time. All this to say that the lobby renovations will have a drastic impact on sales and rentals so we have to be ready for a difficult and stressful year.

Nevertheless, as residents, our routine won’t be so much impacted since the majority of us go from the parking garage directly to our unit. Plus I am sure the solutions provided by the management of the Portofino Yacht Club to alleviate the lobby traffic will be very well thought and will ease this incoming year.

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The supermarket is going to get a new facelift and our offices are also going to be remodeled. The flooring will be the same as the lobby flooring and my office storage will actually become part of the lobby.

What I wonder is will the lobby remodeling increase the value of the condos in the Portofino Yacht Club or not?

Some of the residents in favor of the lobby remodeling at the Yacht Club prone the fact that it will make our property values rise.

First, we need to adjust to the market and a lot of new buildings were recently constructed. We are competing with condos which feature brand new amenities, lobby, and architecture. A buyer looking to invest in Miami will compare different condos so we have to compete.

Then the existing older condos remodeled their lobby in the past few years. The Sunset Harbour, the Floridian, the Waverly, the Continuum North to name a few. As a result, we need to be ahead of the game and even if the lobby at the Portofino Yacht Club aged very well, we need to make it look brand new like our competing neighbors.

On the other side, the residents who were against the remodeling state that the condos which had their lobby remodeled in the last few years did not benefit from it in terms of value/sqft. In the past few years, the market evolved into a buyer’s market reducing our property values. As a result, the condos which remodeled their lobby during the growth phase found themselves with a pristine lobby during a market slowdown.

In conclusion, I would say that we didn’t need a new facelift for our Portofino Yacht Club lobby but we would have needed one in the next few years to compete with our surroundings. Above all, the timing couldn’t be better since we are doing the construction during a slow market and during the slow season.

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First I would like to introduce myself. I’m Daniela Pellicciotti, owner at the Yacht Club since 2003 and real estate broker in the Condoideas Realty Group office in the lobby.

Speaking of the lobby, since the assessment has been paid by everyone when is the project starting? Yesterday at the Board meeting, which by the way is every month and you are welcome to come to get all updates on the building, they announced that we should be starting in April. They also mentioned that the front desk equipment had to be updated for it to be state of the art so it can last another 10 years at least.

Don’t forget to attend the Holiday events: 2 social events planned for Hannukah on December 3^rd and Christmas party on December 13^th at the pool.

Did you know that since there are 5 BBQ grills at the pool and you can invite up to 12 people per grill it means you can invite up to 60 friends for a great party at the pool of the Portofino Yacht Club! By the way the pool work should be soon over and the tennis court as well.

Finally be careful if you are past overdue on your maintenance fees your rights to access the amenities can be removed. That’s what happened to ….#1609, #1706, #2609, #2711 and #3205, #401 and #2503. Did you also know that the management can ask your tenant to pay them directly instead of paying you the rent if you are past due on your maintenance?

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