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Marea’s Sales Success


October 29, 2015

Among the many Miami Beach condos that are in development or have made headlines, Marea South Beach by the Related Group is certainly one of them. Featuring a mix of condominium units, two townhouses, and four penthouses among three buildings, the project recently made news for being the third project within the posh South of Fifth project to be completed during the South Florida real estate cycle that kicked off back in 2011.

Nine residences have been sold at the Marea condo located on South Pointe Drive, with $1,500 being the average price paid per square foot. As for the prices for which some of the units have sold, they range from $1.5 million to $7.9 million. There are currently three units for sale within Marea, each with an asking price of over $2,200 per square foot.

The completion of Marea comes on the heels of other recently completed projects like 321 Ocean and 350 Meridian. It is also the first of two Related Group projects set to emerge in the South Fifth area, the other one being the highly anticipated One Ocean condo. Overall, Related has more than thirty projects in the works throughout Miami-Dade, Broward, and Palm Beach.

If you’re seeking lucrative Miami Beach condos to buy, Continuum South Beach is full of fantastic buying opportunities, and each of the Continuum condos for sale are located in an equally excellent location. Call Continuum expert Tim Allen at 305-588-2451 for information on sales and rentals on Continuum or other buying opportunities throughout Miami Beach.