This week, I had the opportunity to view the relaunch of the Terra Beachside project- located at 60th and Collins Avenue in the mid-beach area of Miami Beach (also known as Millionaires' row). This project had been sitting idle for over a year. It was previously considered hard to sell due to the development's unique location (between the north and south bound lanes of Collins Avenue).
At over $500/SF, which was the initial project pricing back in 2005, I could not recommend Terra Beachside to clients. However, last year the debt on the property was purchased by a New York Group, which is in the process of finishing the construction with much attention to detail, and most importantly, a drastic price reduction. Today, we are able to offer our qualified buyers the opportunity to purchase one, two, and three bedroom townhome style villas for just above $200 per square foot. This is an extraordinary value - since the kitchen and bathroom finishes rival many of the highest end buildings in South Beach (such as The Continuum, Icon South Beach, Murano at Portofino, Apogee, etc.).
All Kithcens feature large open spaces which are bright and ideal for entertaining, with Miele appliances, stainless steel backsplashes, high-end cabinetry, and other luxury amenities. Also, the floorplans are spacious, well proportioned, and feature very high ceilings. For anyone looking to purchase a luxury property right NEXT TO the Ocean for a bargain price, I strongly recommend setting up an appointment with us to see this unique development.
All residences feature 18 foot ceiling height in the living rooms and come appointed with high end European finishes in the kitchen and bathrooms. One of the building’s highlights is a Zen-influenced translucent atrium that spans the entire length of the property. A three story Lifestyle Center is a focal point of the property with a curving lap pool, Jacuzzi, Fitness Center, and Media Room.
The project offers one- to three-bedroom residences ranging in size from 1,095 to 3,495 square feet and priced
from the mid $200,000s to more than $600,000. Terra Beachside’s innovative architecture includes a Zen-like atmosphere with a translucent, 400-foot atrium spanning the entire length of the property. Beneath the atrium, Terra Beachside’s six floors overlook a courtyard of gardens and water features. A three-story, cone-shaped lifestyle center, four unique floor plans, rooftop terraces, ground-floor backyards and a collection of inviting features and amenities.
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