Monday, September 29, 2014

Downtown Doral

doral-pre-construction
With the construction of the Townhomes at Downtown Doral underway and properties listed, the Downtown Doral development is in full swing.  Doral is undergoing a major overhaul with the addition of new residential and mixed-use properties but none compare to the extent that is planned for Downtown Doral.  The new Doral Government Center’s location in the middle of the Downtown Doral development and the construction of a new charter elementary school (due for completion by Fall 2015) show the importance of this part of Doral.  The Codina Partners have a vision of Downtown Doral being the hub of the entire city.   To bring this dream to life, Codina has teamed up with Lennar to build a city within a city.

In addition to the Government Center, there three-acres of public park space with $2 million of playgrounds, green space and a sculpture pavilion by artist Michelle Ona Doner.  Construction of the Townhomes is in full swing with completion of the first phase in the works and already sold out (re-sales have been listed) while the condominium is expected to be complete by the end of 2016.  On top of that, one million square feet of office space and 200,000 square feet of retail space are shown to be part of the development. 

doral-real-estate
Downtown Doral Location
Situated just north of the Miami International Airport, Downtown Doral is located between NW 87th Avenue and NW 79th Avenue with the newly, redesigned Blue Monster Course at Trump National Doral adjacent to the new community.  The location, in the heart of Doral, is ideal as it offers easy, quick access to the major thoroughfares leading into and out of Miami and the other areas within Miami-Dade, not to mention the major area travel hubs.    

Residential Property at Downtown Doral
Developers want living at Downtown Doral to be like living in a small town.  With tree lined streets, sidewalks and plenty of green space, residents will never want to live anywhere else. 

The residential plans for Downtown Doral consist of 2,840 properties spread out between condominium towers, townhouses and rental apartments.  With most still in the planning stages, the Townhomes at Downtown Doral are currently under construction.  Condominium construction should begin soon with completion of the first round of condominiums due at the beginning of 2016.  The first phase of the Townhomes is already sold out with strong sales for the first round of condominium sales.   Following is an overview of the residential property at Downtown Doral:
doral-new-construction

The Townhomes at Downtown Doral.  The Townhomes at Downtown Doral are large and luxurious inside and out.  Gourmet kitchens feature European custom cabinets, granite counter tops, Energy Star certified stainless steel appliances and a work island with raised breakfast bar as well as a roomy breakfast area.  The main living areas and bedrooms are open and airy with marble tile floors in the main living areas and marble framed window sills throughout the entire home.  These properties are in high demand which is obvious by the fact that the first phase is sold out. 

doral-pre-construction-condominium
5252 Paseo/5300 Paseo.  The condominiums at Downtown Doral are to be located at 5252 Paseo and 5300 Paseo.  The first, 5252 Paseo, feature one, two and three bedroom units with high-end finishes just as 5300 Paseo’s plans indicate.  Both buildings will be 20 floors with about 200 units in each building.  In addition to beautiful paseo or golf views, amenities in each residence will include a gourmet kitchen with stone counter tops, high-end steel appliances and designer Italian kitchen cabinets.  At 5252 Paseo, the first 18 floors will house condominium units with six penthouses per floor on the top two floors.  Every unit will be accommodated with one assigned parking space with the penthouses receiving two spaces.  Every unit will have amazing paseo or golf views.  5300 Paseo is still in development but will be just as elegant luxurious as its sister condominium.

Cordoba Apartments.  For those who do not want to own real estate but want the opportunity to live in Downtown Doral, Cordoba will offer luxury rentals that are hands above the rest.  With fully green eco-friendly units offering high efficiency HVAC systems, thermal comfort windows for temperature and humidity control, and gourmet kitchens with Energy Star stainless steel appliances and modern cabinetry, Cordoba is definitely going to be a top rental community in the entire city of Doral. 

Real Estate at Downtown Doral
The response to Downtown Doral has been unbelievable which is logical considering the mix of residential property and the continually growing popularity of Doral real estate.

townhomes-at-downtown-doral
The Townhomes Real Estate.  There are two main floor plans which offer several options and range in size from about 1,800 square feet to almost 2,000 square feet.  The two-story townhomes have several options to accommodate buyers’ needs. Whether buyers want two master suites, a master and two guestrooms, or even a master suite, guestroom, and an upstairs loft or home office, these properties are hot tickets at the current moment.  On top of this, buyers have the option of adding a third floor with either a loft, family room, or large guest suite as well as a large top floor deck that accommodates an outdoor living/dining area which is perfect for living in Florida.  The first phase of Townhomes is sold out with a couple of re-sales listed in the upper-$500s to low-$600s.  For the upcoming construction, general Pricing is as follows (subject to change):

Floor Plan A
Price Range:                                                          $449,000 - $549,990
1,796 SF A/C Area + Garage = 2,276 Total SF

Floor Plan B
Price Range:                                                         $582,990 to $604,990
1,998 SF A/C Area + Garage = 2,504 Total SF      

3RD Floor Penthouse Option
500 SF A/C Area
152 SF Covered Terrace
525 SF open deck
Total Additional Area: 1,177 SF                             $75,000

3rd FLOOR ATRIUM OPTION
638 SF A/C Area
152 SF Covered Terrace
387 SF Open Deck
Total Additional Area: 1,177 SF                             $100,000

Buyers can expect a payment structure for the Townhomes at Downtown Doral to be:
  • 15% at Contract
  • 10% at Groundbreaking
  • 10% at Top-off
  • Finishes / Upgrades: 75% of Total Upgrade Package or amount to sum 50% of total purchase

5252 Paseo.  5252 Paseo features one, two, and three-bedroom units some with dens as well as two and three-bedroom penthouses.  The square footage ranges from about 750 to just over 1,900 square feet.  At this point, there are over 40 units reserved.  

General pricing for the condominium is as follows:

Tower

Line #

Residence

Type

View
Sq Ft (A/C)
List
Price
Paseo
02
A
3BR/2BA
Golf
1,455
$501-568K
Paseo
12
B
3BR/BA +DEN
Golf
1,577
$513-612K







Paseo
11
C
2BR/2BA
Paseo
1,195
$388-425K
Paseo
10
D
2BR/2BA +DEN
Golf
1,166
$412-476K
Paseo
04
D
2BR/2BA +DEN
Golf
1,162
$411-481K
Paseo
01
E
2BR/2BA
Paseo
1,163
$393-450K
Paseo
09
F
2BR/2BA
Paseo
1,038
$369-390K
Paseo
03
F
2BR/2BA
Paseo
1,030
$360-387K







Paseo
08
G
1BR/1BA +DEN
Golf
848
$284-319K
Paseo
07
G
1BR/1BA +DEN
Golf
848
$280-334K
Paseo
06
H
1BR/1BA
Paseo
755
$252-287K
Paseo
05
H
1BR/1BA
Paseo
755
$252-290K







Paseo
06
PH1
3BR/2BA +DEN
180°
1,927
$839K
Paseo
01
PH2
3BR/2BA +DEN
180°
1,755
$779K
Paseo
02
PH3
2BR/2BA +DEN
Golf
1,560
$630K
Paseo
04
PH3
2BR/2BA +DEN
Golf
1,557
$630K
Paseo
05
PH4
2BR/2BA
Paseo
1,168
$490K
The payment structure for 5252 Paseo is as follows:
  • 10% Reservation
  • 10% at Contract
  • 20% Groundbreaking (forthcoming)
  • 10% Top-off (Approximately April 2015)
  • Balance to close (Early 2016)


5300 Paseo.  The newly released plans show two and three-bedroom units ranging in size from 1,118 to 1,927 square feet.  Amenities will include a pool, children’s play area, fitness facilities and massage rooms. The units will have a golf-course view.  General pricing is as follows:

Model
# Bed/Bath
View
SQ FT
Price Range





A
3 BD/2BA
Golf
1,455
$512 to $596K
C
2 BD/2BA
Paseo
1,195
$399 to $449K
D
2 BD/2BA + Den
Golf
1,162
$439 to $508K
E
2 BD/2BA
Paseo
1,163
$420 to $470K
F
2 BD/2BA
Paseo
1,038
$373 to $400K
F
2 BD/2BA
Paseo
1,030
$368 to $403K
G
1 BD/1BA + Den
Golf
848
$330 to $373K
G
1 BD/1BA + Den
Golf
848
$324 to $368K
H
1 BD/1BA
Paseo
755
$287 to $313K
H
1 BD/1BA
Paseo
755
$285 to $307K
J
2 BD/1BA
Golf
1,052
$376 to $471K
K
1 BD/1BA
Golf
860
$299 to $353K
L
1 BD/1BA
Golf
829
$312 to $337K
PH
Various
Golf/Paseo
1,560-1,927
$679 to $869K
doral-pre-construction
Making a Dream a Reality
Downtown Doral is something that the Codina Partners have been planning for almost 10 years.  Construction of the residential parts of the project signifies that they are finally making the dream a reality.  As more construction begins, so do the opportunities to buy Doral real estate at Downtown Doral.  Now is the time to consider all it has to offer. 


Saturday, September 20, 2014

Neovita: Doral's Newest Community on the Horizon

doral-new-construction
Terra Group is one of South Florida’s most innovative residential developers.  With neighborhoods like Doral Commons and Modern Doral, it is very evident that Terra Group seems to have its signature style with up and coming neighborhoods in Doral.   On some of the last remaining parcels of land in Doral, the Terra Group has created another exclusive Doral neighborhood – Neovita.  Inspired by clean, sleek lines, the architecture at Neovita Doral and other Terra Group neighborhoods is subtle in its design and contemporary in its style.  The plans show that Neovita is another pedestrian friendly neighborhood offering a mix of single family homes and townhouses.  Just like other Terra Group neighborhoods, Neovita will offer luxury Doral real estate for discerning home buyers.

doral-new-construction
Location of Neovita
The gated Neovita neighborhood is located on 104 Avenue NW between68th and 71st Streets in the heart of Doral.  The location is ideal as it is close to the most desirable Miami destinations such as Miami International Airport, shopping at Dolphin and International Malls, Trump Doral Golf Resort & Spa, Doral’s growing business district and the major travel arteries in and out of Doral.

Neovita Amenities
Neovita will be gated with a 24-hour guard and have a large clubhouse along with an infinity pool, fitness center, spa, areas for entertaining and more.  Additionally, there will be lush tropical landscaping at the entrance and throughout the neighobrhood.  
doral-new-construction

Inside each home, the details will focus on contemporary luxury.  The kitchens are large and gourmet-styled with porcelain tile flooring, high-end stainless steel Bosch appliances, custom-cabinetry and quartz counter tops.  The master baths are spa-like with a Roman tub and bidet, white bathroom fixtures, porcelain tile on floors and wet areas, and a frameless glass shower door.  Main living areas are open and airy creating a comfortable space for gathering and relaxed living. 

Other touches include covered terraces, driveways with pavers, fully sodded and landscaped yards with automatic sprinkler systems, hurricane impact windows with aluminum shutters, fenced-in backyards that provide privacy from neighbors, and more.  On top of this, homes offer other features including fixtures and finishes that give Neovita its luxury look and feel.

doral-new-construction
Real Estate
Construction at Neovita Doral is slated to begin at the end of the year with 80 single-family homes and 142 townhouses in the plans.  Single-family homes will offer four, five and six bedroom under about 2,700 to 3,600 square feet while townhouses will feature three and four bedrooms under about 1,800 to 2,000 square feet.  List prices range from the upper-$400s to upper-$500s for townhouses and the mid-$700s to about $1 million for single-family homes.

Currently, the payment schedule begins with a reservation deposit of $25,000 for townhouses and $50,000 for single family homes.  From there, another 10% will be at contract which includes the reservation deposit.  When construction begins, another 5% is due with 5% being paid at certain stages of construction.  When the roof is set to be added, another 10% must be paid with the remaining 30% at completion. 

Terra’s Last Doral Community
As the Terra Group’s last community development in the heart of Doral, this is definitely a signature Terra Group neighborhood with so much to offer.  Its contemporary style and ideal location will make it a highly sought-after Doral neighborhood. 


Friday, September 5, 2014

Top Five Doral Isles Listings Under $500,000

Doral is an excellent alternative to Miami for those who want to afford more house than they could in other parts of South Florida.  Within the city, there are excellent neighborhoods some of which are still under construction while others are established and attract many who are interested in moving to Doral – one of which is Doral Isles. Doral Isles is ideally located close to some of Doral’s top schools as well as major roadways and top golf courses. 

doral-isles-under-$500K
Doral Isles is a spectacular neighborhood in the heart of Doral that is made up of 13 smaller communities named after tropical Caribbean destinations.  The entire community is well sought-after by many buyers as the smaller “isles” consist of a combination of townhouses and single-family homes.  One drive through the tree-lined streets of Doral Isles showcases the resort-style environment and top of the line amenities that for the most part surround the Island Club.  Here residents and their guests enjoy the use of a large state-of-the-art fitness center as well as a coffee bar and club house.  On the outside, there are two large swimming pools with lush, tropical landscaping and an amazing playground as well as basketball courts and soccer fields.

With all that Doral Isles has to offer, many assume that it is an expensive community that most cannot afford.  But, truth be told, Doral Isles has something to offer for most every Doral home buyer with list prices that start in the low to mid-$200s and climb into the millions.  Following are the top five Doral Isles listings under $500K:

Doral Isles St. Lucia
St. Lucia is a gated community of three and four-bedroom townhouses with two and three baths and one to two-car garages.  On the larger size, the size of the residences in St. Lucia ranges between about 2,100 square feet and 2,300 square feet making it great for families as well as retired couples and most any other buyer.  As part of living in this community, residents have full access to the unbelievable amenities at Doral Isles including the clubhouse and pools, playground and sports fields. 

doral-isles-real-estate
As a point of reference, these are currently the only two listings in St. Lucia.  Over the past six months, nine properties have sold with sale prices from the
Currently there are only two homes for sale at Doral Isles St. Lucia.  Over the past six months, nine properties have sold with sale prices between the mid-$300s and mid-$400s.  It is worth noting to investors that there are rentals in St. Lucia with rental rates typically between about $2,600 and $3,500 per month.  Following are two of the top five Doral Isles listings under $500K which are located in St. Lucia:

11531 NW 68th Terrace, Doral Isles St. Lucia, List Price:  $499,900
This is a fabulous three-bedroom, three-bath home in St. Lucia with tons of upgrades.  From the kitchen with stainless steel appliances and granite counter tops to the large master suite with plantation shutters and a spa-like bath, the upgrades make this residence a gem.  Other features include a newly rescreened patio overlooking the lake and a large capacity air conditioning unit replaced in 2012 as well as a front load washer and dryer, accordion shutters, high ceilings and more.

doral-isles-real-estate
11622 NW 69th Terrace, Doral Isles St. Lucia, List Price:  $479,000
Another spectacular St. Lucia property is this four-bedroom, two and a half bath home with an open dining, living and kitchen area with granite counter tops ideal for families and entertaining.  The master bedroom is large and connects to a private bath with shower and Jacuzzi tube.  Other highlights include tons of storage, a separate laundry room, back patio with hot tub and an entertainment area adapted from the garage.


Doral Isles Martinique
Another Doral Isles community is Martinique which is home to one and two-story single-family homes and townhouses with three and four bedrooms.  The homes are smaller in size than other Doral Isles neighborhood with most ranging between slightly over 1,400 square feet and about 2,800 square feet.  Like the other neighborhoods, Martinique residents have access to all of the top notch amenities at Doral Isles.  This is also another perfect neighborhood for many buyers from those looking to upgrade their homes to those wanting to downsize or have a vacation or investment property.

doral-isles-real-estate
There are five properties for sale in Martinique with list prices from the upper-$300s to mid-$500s.   Over the past six months, three properties have sold with sale prices between the upper-$400s and mid-$500s and the average number of days on the market at 104 days.  For investors, rental rates for properties in Martinique usually range from just under $3,000 to about $4,000 per month.  Here are two of the top five Doral Isles listings under $500K are in Martinique:   

11218 NW 73rd Terrace, Doral Isles Martinique, List Price:  $495,000
Here is a beautiful townhouse with three bedrooms, three baths, and a large kitchen with granite counter tops as well as a computer nook or home office area on second floor.  In addition, flooring on the main level is tile while the second is all laminated wood floors.  There is also ample closet space, a nice private patio in the rear and a one-car garage.

doral-isles-real-estate
7353 NW 113th Court, Doral Isles Martinique, List Price:  $479,000
This is a single family home in Martinique situated on a corner lot.  There are three bedrooms and three baths under over 2,100 square feet with a large kitchen that has tons of counter space and cabinetry.  The master is large with a private spa-like bath that has a double sink vanity and nice glass enclosed shower.  This is an excellent option for investors as it currently has tenants. 


Doral Isles North
Doral Isles North is a community in Doral Isles that is comprised of a combination of townhouses and single-family homes.  Properties in Doral Isles North range from about 1,650 square feet to over 3,300 square feet in size with list prices between the mid-$300s and mid-$600s.  As for recent sales, there have been about 20 sales over the last six months with sale prices from the mid-$300s to mid-$500s.  Rentals in Doral Isles North typically have rental rates between about $2,000 and $3,500 per month.  Like the other communities, Doral Isles North residents enjoy full access to all of the amazing amenities that come with living in this highly-sought after neighborhood. 
doral-isles-real-estate

7671 NW 113th Court, Doral Isles North, List Price:  $479,000
This is an excellent 2,100+ square foot home with four bedrooms and four baths of which one bed and bath are situated on the first floor.  The kitchen is large with stainless steel appliances and granite counter tops and opens up to a roomy family room.  The large master is on the second floor and includes a wonderful bath with separate vanities and a whirlpool bath tub.  There is a separate laundry room as well as a wonderful patio that faces the community lake. 


Real Estate for Every Buyer
There are currently over 100 properties for sale Doral Isles with list prices topping $1 million.  From first time buyers to those looking for estate style properties to those who want to downsize and make homeownership easier, there is definitely real estate for most every buyer.  The best part is that large properties are plentiful for under $500K. 



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