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SUNNY ISLES BEACH, FL
CONDO-HOTEL
MARKET STUDY
Prepared by:
Noe Perrin
(786) 569-3471
SUNNY ISLES BEACH
Surrounded by some of the best
neighborhoods of South-East
Florida, Sunny Isles is the perfect
location for wealthy beachgoers
that need to be between the two
major metros-areas of Miami and
Fort Lauderdale
SUNNY
ISLES
HOLLYWOOD
SUNNY ISLES
BAL HARBOR
DESIGN DISTRICT
MIAMI BEACH
DOWNTOWN MIAMI
LUXURY RESIDENCES
& PRISTINE BEACHES
INTERNATIONALLY
RENOWNED NIGHTLIFE
LUXURY RESIDENCES,
DINING & BEACHES
DYNAMIC CULTURAL ARTS
AND STREET RETAIL
INNOVATIVE FASHION,
DESIGN & ART
FINANCIAL EPICENTER
WITH UPSCALE LIFESTYLE
MARKET OVERVIEW
2.5 Million
people live in
Miami-Dade
Florida is the 3rd most
populous state at
19.5 Million people
95
8th STREET
395
14.2 Million
visitors to
Miami-Dade
12.5 Million
hotel rooms sold
annually; only
behind New York
and Honolulu
Largest concentration of Domestic andinternational banks, south of N Y C withover 100 financialinstitutions
6th Largest
Metropolitan Statistical
Area by 2019
Miami International Airport is the 2nd
leading international
gateway behind J F K
55 Million
cars annually:
I-95/8th Street
43 Million
cars annually:
I-395/2nd Avenue
2nd AVENUE
All Aboard Florida
a $2.5 Billion
dollar project
connecting Miami
and Orlando via
the high speed rail
SIB shuttle provides freerides across Sunny Isles beach
Tri-Rail system connects 4,250,000passengers to West Palm Beach, Broward and Miami-Dade Counties
Port of Miami, #1 Cruise Port in the world 5Million
passengers annually
Residents of Sunny Isles
Beach have a median income
17% higher than the rest of
the county
$41,9
13
$49,031
Miami Dade Sunny Isles beach
Hom e to weal thy inves tor s and
fo re ign buyer s , res idents com e to
Sunny I s l e s Beach in search of
Luxu ry and P res t ige
APPEAL
Vi s i to r s f rom around the wor l d
com e to m any of i t s hote l s to
soak up the sun and en joy the
v iews of u l t ra l uxury condos
LOCATION PICTURE
COMPARABLECONDOS
Aurora
Preconstruction Sales: $720/ SF
Product: Luxury Residences
Delivery: Q4 2018
Parque Towers
Preconstruction Sales: $700/ SF
Product: Luxury Residences
Delivery: Q4 2017
St Tropez
Resales: $500/ SF
Product: High-end Residences
Delivery: 2009
Privé
Preconstructions Sales: $750/SF
Product: Luxury Residences
Delivery: Q4 2017
4
32
1
4
3
2
1
$695 $680
$801
$707$740
$787
$892$930
$956$923
$981
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,0002
00
7
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
Pric
e p
er
Sq
ua
re F
oo
t
4.06%
A V E R A G E
A N N U A L
A P P R E C I A T I O N
SUNNY ISLES CONDOSHISTORICAL PRICE APPRECIATION
COMPARABLECONDO-HOTELS
Trump International Resorts
ADR: $242
Rating: 4 Star
Year Built: 2003
Year Renovated: 2011
Marenas Resort
ADR: $200
Rating: 4 Star
Year Built: 2005
Year Renovated: 2015
Acqualina Resort & Spa
ADR: $630
Rating: 5 Star
Year Built: 2006
Year Renovated: 2015
Double Tree by Hilton
ADR: $210 / Night
Rating: 4 Star
Year Built: 2000
Year Renovated: 2010
4
1
4
3
2
1
3
2rating
rating
rating
rating
DEVELOPMENT PIPELINE
Turn berry Ocean Club Condos
Pre-Construction: $1,500/ SF
Product: Ultra Luxury Residences
Delivery: Q1 of 2018
Muse
Pre-Construction: $1,400/ SF
Product: Ultra Luxury Residences
Delivery: Q3 of 2017
Jade Signature
Pre-Construction: $1,300/ SF
Product: Ultra Luxury Residences
Delivery: Q3 of 2017
The Estates at Acqualina
Pre-Construction: $1,400/ SF
Product: Ultra Luxury Residences
Delivery: 2020
2
4
3
1
4
3
2
1
