Initially, The Yacht Club at Portofino was developed and conceived by The Related Group as the first watefront luxury rental buildings South of Fifth Street in the late 1990's. However, as the real estate market began to heat, The Related Group added a few extra luxury features (such as granite counter tops, washer/dryers, better fixtures, etc.) to the individual units and The Yacht Club was changed from the initial concept of rental property to entry-level luxury waterfront condominiums with a very liberal rental policy. The condominium documents allow owners to rent their individual units down to a monthly basis- if desired. This means that The Yacht Club Condominiums are not for everyone, as the building is a very busy property, with a mix of long-term residents, short term tenants, and annual renters comprising a mix of over 360 individual condominiums. However, almost everyone I know who has lived at The Yacht Club has enjoyed the experience and have very positive things to say about the condominium building.
The main benefits of living and owning at the Yacht Club at Portofino Condomiumiums:
- - Monthly rental policy- allowing for flexibility and strong income potential
- - Low condominium delinquency rates
- - Fantastic South of Fifth neighborhood location directly on the water
- - Great entry-level price points (surrounding buildings such as The Murano at Portofino, Apogee, Murano Grande & Icon are much more expensive)
- - Tasteful and contemporary waterfall lobby designed by award winning designer Tesi Garcia
- - On-site rental office for easy property management
- - Oversized Pool deck with waterfalls, tennis court, jacuzzi, and resort-type amenities
- - Great mix of one, two, and even three bedroom condominiums
- - Large and well equipped gymnasium (with waterfront views)
- - Dock slips available in your backyard (via Miami Beach Marina)
- - Well maintained building with an experienced and stable on-site management and staff
- - Strong property value retention- even in the latest real estate downturn, overall values at the Yacht Club have held up better than in other similar category buildings
- - Incredible views of the downtown Miami skyline, Biscayne Bay, Fisher Island, and the Atlantic Ocean
- - Due to the proximity to South Pointe Park (almost at the southern tip of South Beach), just a five minute walk to the Beach!
View: Yacht Club Condos For Sale
