A 56-story, oval-shaped condo, Opera Tower has become a landmark in one of the country’s most prominent skylines, Miami, Florida. Upstaging other developments, Opera Tower stands high above beautiful Biscayne Bay with its unique architectural shape.
The condominium was constructed in 2007. It consists of 635 condos with a mix of studios and one- and two-bedroom residences. Originally, the developer had sold about 35% of the condos in the building by 2008. But then, with the real estate market collapsing, he halted sales and instead chose to rent out the units in the rest of the building.
Now, with little developer inventory on the Miami market, the developer felt the time was right to put the remaining 388 Opera Tower condos back on the market. They are available now for sale.
Opera Tower offers a full complement of appealing amenities including:
- Dramatically designed lobby with 20+ foot ceilings
- Oversized recreation level overlooking Biscayne Bay
- Fitness center, fully equipped, on-site fitness staff
- Nove Kitchen and Bar, Japanese cuisine, indoor & outdoor seating
- An additional 9,000 sq. ft. restaurant is under construction
- Oversized swimming pool and multiple whirlpool spas
- His and hers saunas
- Social hall, lounge & media room
- Fully-equipped business center
- Prewired for digital television & high-speed Internet
- Ample storage facilities
- Ground-level beauty salon, dry cleaners & mini mart
Additionally, Opera Tower has a doorman, 24-hour valet, concierge, 24/7 security personnel and a sophisticated electronic security system. The individual residences each come with large, wrap-around terraces, which when combined with the building’s unique, elliptical shape, provide magnificent views of Biscayne Bay, South Beach, downtown Miami, the Performing Arts Center and beyond.
Opera Tower has an enviable location. Just outside Opera Tower is the eight-acre, waterfront Margaret Pace Park, which features a variety of sports fields, tennis and basketball courts, playgrounds and barbeque areas. Also within minutes is the new Adrienne Arsht Performing Arts Center and the American Airlines Arena, home of the Miami Heat and adjacent to the Bayside Shopping Mall.
Opera Tower is also located just two blocks from Museum Park Miami at Bicentennial Park, which boasts an exquisite public park as well as new facilities for the Miami Art Museum, Miami Children’s Museum, Jungle Island, and Miami Museum of Science.
The location of Opera Towers is also south of the to-be-built Resorts World Miami (Genting) project, which will be a $3 billion development spanning approximately 19 acres. It will encompass a destination resort hotel, luxury condos, waterfront restaurants, retail space and an 800-foot long promenade along Biscayne Bay.
Currently Opera Tower is 100% full, proving just how desirable this condo is. The developer will offer to lease back buyers’ condos for the first three years at a guaranteed 6% return. However, buyers also have the option to rent out their condo on their own and may be able to get an even higher return. Rental rates in the area are high. A furnished studio is $2,000 monthly, $2,600 for a one-bedroom condo, and $3,000 for a two-bedroom condo. Unfurnished unit rental rates range from $1,000-1,500, $1,400-$2,000, and $2,600-$3,000, respectively.
Opera Tower has studios and one- and two-bedroom condos for sale. They range in size from 503 to 1,048 sq. ft. Prices start at approximately $263,500 and go up to $596,700 for the best units.
Up to 70% financing, without lengthy qualifying or credit score checks, is available for both U.S. and international buyers.
If you are interested in learning more about Opera Tower , please feel free to request our detailed data sheet. We will respond within 24 hours (usually much sooner). Contact Joel Greene at Joel@CondoHotelCenter.com or call (954) 450-1929.