Developer Rendering -- Subject to Change |
While construction and site development have not yet begun, Modern
Doral has already garnered a lot of curiosity and interest. Without a doubt, the property in high-end,
gated Doral community will become a well sought-after place to live.
Modern Doral’s Players
Under development by Terra Group, the entire community
has a look and style that is kind of new to the area while, at the same time, a
new contemporary design that seems to be coming to the forefront of more urban
neighborhoods. Terra Group is a Miami
based developer known for developments such as such as 900 Biscayne Bay, Reserve
at Doral, and Quantum on the Bay just to name a few. In Doral, they are also in the midst of
developing two other new communities -- Vintage Estates and Doral Cay.
Location
Located in the heart of Doral, Modern Doral is situated on
74th Street between 94th and 107th Avenues. It is close to the major thoroughfares and arteries
into and out of Miami and South Florida not to mention Miami International
Airport. Modern Doral is also within a
short drive to the exclusive Doral Golf Resort and Spa as well as gorgeous area
parks and excellent shopping.
Ranked #2 on Forbes Magazine’s List of “Best Places to Live,”
Doral is a great place for people in any phase of their lives to settle down. Because of the increase in professional
business and high quality schools and the quality of neighborhoods, Doral has
become a great place for families. Doral’s
population has more than doubled since 2000.
Amenities
The homes in Modern Doral will take on a new appeal and luxury
in a community that has a very “modern” atmosphere. While the details have not been released on
the individual amenities in each home, one can only assume that the fixtures
and finishes will be of the highest quality and style to compliment the
architecture of the homes.
As for community amenities, the community will feature a private
24-hour guarded gate, lush, tropical landscaping and a great clubhouse with
community pool. Additionally, Modern
Doral will feature an adjacent shopping center to be anchored by a grocery
store and other retail stores. As the
population increases so too does the need for necessary conveniences.
Real Estate
Modern Doral will be made up of three separate subdivisions
that encompass three different styles of homes.
Two will feature single family homes while the third will feature
smaller cluster homes. While the style
and look of the homes will be similar, they will vary in size from slightly
more than 3,100 square feet to over 4,400 square feet.
Pre-sales have begun at Modern Doral. The first group of reservations is set to go
to contract in the next month or so. Site
development will begin in September with construction on homes starting in
December. The first move-in is slated to
be somewhere around may 2014.
List prices for homes at Modern Doral fall between the
mid-$700s and mid-$800s for the smaller cluster homes to almost $1.3 million
for larger homes. The following payment schedule
gives potential buyers a rough idea of what is expected to buy property in
Modern Doral: reservation -- $50K
to $100K depending on the lot and size of home; at contract -- 10% of the sale price; site development -- 5% of the sale price; home construction -- 5% of the sale price; roof top out -- 10%
of the sale price; and, closing -- balance
of sale price.
Modern Doral’s Departure from the Norm
Because Modern Doral is featuring
a new take on design and architecture, it is a true departure from the
norm. Martin says “this is our last
opportunity to develop something in Doral, and we want to do something design
driven,” in the same Miami Herald article mentioned earlier. With the area being almost full
developed, land is not something that is abundant.
Potential buyers who like a clean,
contemporary style should definitely consider Modern Doral. It appears to be a very sophisticated and
upscale neighborhood that will also be in high demand.
No comments:
Post a Comment