Aurora in Sunny Isles Beach
New Condos with Views of the
Ocean & Intracoastal Waterway
December 23, 2015
Hi, Joel Greene here from Condo Hotel Center with a new property to tell you about. It’s located in Sunny Isles Beach, a city that probably wouldn’t have existed if it wasn’t for a bridge. Here’s how it came about.
In 1920 Harvey Baker Graves, a private investor from Rochester, New York, purchased a 2.26-square-mile tract of land for development as a tourist resort. A barrier island, it was bounded by the Atlantic Ocean on the east and the Intracaostal Waterway on the west.
He named the area Sunny Isles and began to look for investors to develop motels and beach clubs that would attract wealthy clientele. But his plan for development had several problems, not the least of which was that it was an island with limited accessibility.
In 1925 the Haulover Bridge was built, making Sunny Isles accessible from Miami Beach. And that was the turning point. Developers now saw the foresight of Graves in choosing Sunny Isles as a potential resort area. They widened streams, dug canals and inlets and created islands and peninsulas for building waterfront properties.
Sunny Isles became a vacation destination for families and international tourists looking to enjoy the sun and sea. Incorporated and renamed The City of Sunny Isles Beach in 1997, today it is often referred to as Florida’s Riviera and is one of the most desirable cities in South Florida.
In recent years Sunny Isles Beach has seen some of its older motels coming down and beautiful luxury high-rises and sophisticated resorts going up. One of those is today’s featured property.
Aurora will be a boutique-style condominium development. It will be 17 stories and have a total of 61 condos, some of which will be lanai homes located on the building’s amenity deck and others will be spacious penthouse residences with private rooftop terraces.
All of the condos will face the ocean. The property is a five-minute walk to the beach just one block away.
All the Frills
Aurora will offer residents a full array of resort-like amenities and services including:
- Half-Olympic length pool with attendant
- Private sundeck & cabana lounges
- World-class fitness center
- Kid’s zone & family area
- Five minute walk to public beach
- Indoor and outdoor yoga lounges
- 24-hour valet services
- Concierge services
- Beach attendant
First-Class Condo Features
Each of the Aurora condo residences will have a private elevator entry. Ten-foot ceilings will be complemented by floor-to-ceiling windows. And private curved terraces will capture the finest views of Sunny Isles Beach and the ocean.
Aurora’s homes will have elegant finishes collections and creative aesthetics. They’ll come with top-of-line Wolf, Sub-Zero, Bosch, and ASKO Energy Star kitchen appliances.
Residents at Aurora will enjoy their setting just one block from the city’s 2.5 mile long beach. Bounded by the Atlantic Ocean on the east and the Intracoastal Waterway on the west, Sunny Isles Beach offers the perfect tropical lifestyle.
Aurora will be just minutes from world-class shopping and restaurants at Bal Harbour Shops and Aventura Mall. Outdoor enthusiasts will appreciate proximity to Oleta State Park, a 1,032-acre nature reserve and a paradise for activities like kayaking, biking, swimming, fishing, trail walking, picnicking and wildlife leisure. Also nearby are golf courses and tennis courts.
Just 20 minutes south is the heart of Miami’s fabled South Beach with its nightclubs and world-renowned restaurants. Also nearby are a variety of venues for performing arts, museums, theaters, sports events and cultural attractions.
Sunny Isles Beach is convenient to major highways and is located between Miami’s and Ft. Lauderdale’s international airports, each less than 30 minutes away.
Rental Rates for the Investor Buyer
Buyers interested in an Aurora condo for investment will be glad to know they can lease their unit up to 12 times per year with each lease having a minimum length of 30 days.
Current rates for rentals at comparable properties are at an average of $3 per foot for short term leases. However, rent prices are steadily increasing year by year, making it difficult to predict where rates will be in approximately three year’s time when the property will open.
Construction on Aurora is set to begin at the end of 2016. It should be completed by the end of 2018.
The property is being developed by Verzasca Group is a privately held firm with direct, hands-on experience in residential and commercial real estate. The company has a portfolio of over 10,000,000 square feet of construction area around the world.
The design for Aurora is by architect Luis Revuelta and the Verzasca Group with lush landscape architecture by Lewis & Nielson Design, a Miami firm with a broad portfolio of successful local, national and international projects.
Interior design is by Antrobus + Ramirez, a leading luxury Miami design firm in business since 2002.
The condos are available in a variety of two- and three-bedroom floor plans, some with dens and some with as many as 3.5 bathrooms. The units range in size from 1,385 sq. ft. to 2,148 sq. ft.
Prices range from $840,000 to $1,580,000. They can be reserved now at these first-tier prices with a 20% deposit.
Want more details? I’ve put together a data sheet that should answer all of your questions. It’s free for the asking. You’ll just need to provide your name and contact information, per the developer’s requirements.
Bridge to the Future
I started this Property Alert telling you about Sunny Isles Beach and how it owes much of its existence to the Haulover Bridge, the structure built in 1925 that finally provided access to the barrier island from Miami Beach.
What’s interesting is that the original bridge lasted only one year. “The Great Miami Hurricane,” as the famed 1926 storm is called, washed away the roadway, rock jetties and sheet piling leading up to the bridge but left the bridge itself standing in its original location with no damage.
Fortunately, in the one year that the bridge had been in use, it had proven its worth. There was no question about whether it should be repaired. The bridge was up and operational again by 1927 and since then has been reconstructed and modernized at various times in its history.
I can tell you I personally have crossed this bridge thousands of times and am always struck by the beauty of the Atlantic Ocean on one side and the Intracoastal Waterway on the other. To have a condo that offers views of both, such as those at Aurora, will indeed be something special.
If you’re interested in Aurora, again, here is the link to my detailed data sheet. But if your preference is something more modestly priced or in a different South Florida location, just let me know, and I’d be happy to tell you which properties are currently available.
I’ll take just one last moment of your time to thank you for your interest in the properties Condo Hotel Center offers and I look forward to telling you about more new real estate developments in 2016.
Licensed Real Estate Broker
Condo Hotel Center
1368 NW 165th Ave.
Pembroke Pines, FL 33028
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Although Condo Hotel Center believes the information contained in this data sheet to be accurate and complete, Condo Hotel Center can make no such guarantee. All features and descriptions are subject to change.
Please speak with your personal legal and financial advisors to determine whether this property is suitable for your objectives.