Canyon Ranch Residences, Miami Beach: Revamped Penthouses Out and Sold Out Within Hours!

Canyon Ranch Residences, Miami Beach: Revamped Penthouses Out and Sold Out Within Hours!

Miami Beach’s Canyon Ranch Residences, famous for their spacious units and amenities focused on facilitating healthy living, have created a record of sorts as they sold out eight penthouse residences within just eight hours of their release. With an aggregate price of $7 million, the units together managed to fetch close to $800 per square foot. These penthouse units were re-designed and constructed by EBL Partners, a Naples based development management company.

Engaged in the project almost three years ago, EBL Partners re-designed and re-constructed the enormous, two-story suite spread across the 15th and 16th floor of the Center Tower of Canyon Ranch into eight comfortably-sized condo units. This posed to be quite the challenge since all the construction and installations had to be carried out with the rest of the towers and condo hotel being fully operational. However, the firm accomplished the feat with much precision, the result of which fetched a sold out status within hours for these Miami Beach residences.

Canyon Ranch ResidencesThe Canyon Ranch complex is dominated by a unique tri-tower design, which is inclusive of a 35-story North Tower, 16-story Center Tower and a 21-story South Tower. The most distinctive feature of this condo hotel in Miami Beach is that it features a host of facilities that help guests as well as residents maintain their wellbeing with individual health programs as well as on-site medical facilities. However, with EBL stepping in to offer a Building Superintendant program, these oceanfront residences now provide an even more exceptional way of living, with resident requests and complaints being taken care of almost immediately.

Ever since its appointment in Canyon Ranch Miami Beach, EBL has put the finishing touches on more than 150 residences in this oceanfront complex, inclusive of exterior improvements as well as build-outs. This resulted in the sale of 64 units in 2010, with a 100% increase in sales in 2011. The first three quarters of 2012 have already matched these figures. Not only have the prices for the Center Tower witnessed an improvement of 18%, the tower is also expected to be 90% sold out by the end of the year, just like its North Tower counterpart. While EBL’s involvement in Canyon Ranch has been a prominent factor for sales taking an upward direction, we reckon foreign investor confidence and a general positive trend in Miami’s real estate to play a major role too.

Looking forward to ride the positive wave of Miami real estate with lucrative investments or taking your wellbeing more seriously with a Canyon Ranch residence? Call us at 305-725-0566

Photo Credit: hcareers.com

Contact Us
Sep Niakan
Broker / Team Lead
(305) 697-7667
sep@blackbookproperties.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

New Emotional Support Animal (ESA) Law Florida: Complete Condo Guide
Opinions and Advice New Emotional Support Animal (ESA) Law Florida: Complete Condo Guide
Finding and moving to a new home can be a strenuous experience, even when you like the change you’re making. This is more so when you have an emotional condition or disability and part of your treatment involves having an Emotional Support Animal (ESA). In this case, finding a new home comes with a whole new set of challenges only you and your furry friend can know. And no one needs the added fear and stress of possibly being denied housing or being discriminated against for owning an ESA. Thankfully, a new Florida law on emotional support animals that went into effect July 1, 2020, explicitly states what you and your current/prospective landlord or HOA can and cannot do regarding Emotional Service Animals. The law applies to all condos, apartments, and rental homes. Photo courtesy of Oleg Ivanov Here’s how the 2020 Florida ESA law empowers both sides:  — ESA Rules: What a Florida Landlord Can & Cannot Do A Florida landlord cannot deny housing for a disability or...
New Construction Miami Condos You Can Move Into in 2024
Real Estate News New Construction Miami Condos You Can Move Into in 2024
It’s no secret that we are in the middle of a major building boom and there are quite a few new developments in Miami opening in 2024 that you’ll be able to move into. So, if you love being the first to turn the key on your crisp new luxury condo, keep reading. (Psst, we also have a bonus list of all the condos you can expect to move into in 2025 at the end!)  With about 100 new pre-construction condos (and counting) in the pipeline since 2021, Miami developers have been on the fast track to deliver on the growing demand for luxury condos in the Magic City, especially condos on the water or condo buildings with water views. Even as most of the global housing market showed signs of a slowdown these past few years, Miami’s luxury condo market has witnessed sustainable growth. Following the business migration trends that started somewhere around 2020, we’ve seen a continued influx of international wealth, families, C-suite executives, and other top earners and investors moving to our...
The Ultimate Expat Guide to Moving to Miami
Lifestyle The Ultimate Expat Guide to Moving to Miami
Ever thought about grabbing your passport and moving to Miami? You wouldn’t be the first to be drawn to this tropical metropolis. It’s a place with a rich history, diverse culture, and spearheading innovation. Also known as the Magic City, it’s the only major city in the US to be founded by a woman, and it proudly claims the origin of sunscreen and the ATM! It’s no secret that Miami is a great choice for expats in pursuit of new opportunities. Its appeal is truly worldwide, attracting people from Latin America, Europe, and beyond. Proof of this is that the city was the most popular destination for people born outside of the U.S., attracting 54,500 new residents in 2023, the most out of anywhere in the country. This diversity is evident everywhere, from the vibrant neighborhoods and incredible food scene to its dynamic business, art and hospitality sectors. Living in Miami offers a global lifestyle with a very local flavor, full of opportunities to grow and explore. So, if you’re...
The Most Luxurious Condo Buildings in South Beach
Opinions and Advice The Most Luxurious Condo Buildings in South Beach
Situated at the southern tip of Miami Beach, South Beach continues to command its status as a premier global destination, attracting discerning individuals from around the world. Developers have meticulously crafted luxury condos in South Beach that appeal to people from every international location, whether for business, favorable tax environments, seasonal escapes from winter weather, or the cultural richness exemplified during events such as Art Basel and the South Beach Food and Wine Festival. Whatever the reason, there is significant investment potential for condos in Miami, specifically South Beach, as well as a proven superior quality of life. Below is our list of the 5 Most Luxurious South Beach Miami condos (or the 5 Most Expensive Condos in South Beach) based on the average listing price per square foot at the time of publishing, as well as some other favorites to note. But first, let’s start with an overview of what makes South Beach so special. Last updated: March 15,...
The Residences at 1428 Brickell Video Tour: Exquisite, Eco-conscious Living with Italian Luxury
Video Blog The Residences at 1428 Brickell Video Tour: Exquisite, Eco-conscious Living with Italian Luxury
Brickell, the Wall Street of the South, one of the most desirable Miami neighborhoods for international business professionals and families alike, is synonymous with innovation, a luxury lifestyle and original ideas. This time, the Brickell spirit is embodied in the fantastic new pre construction condominium — The Residences at 1428 Brickell.  In our latest video, Stephanie Bienstock, our director of Luxury Sales, visited the newly opened sales gallery to talk with Jennifer Behar Cervera about what makes The Residences at 1428 Brickell unlike any new residential development coming to Brickell, Miami. Join us as we learn about the project’s six driving forces — detail, craftsmanship, architecture, nature, privacy, and innovation — and tour the sales gallery to see all the finishes and details up close.     — What You Can Expect at The Residences at 1428 Brickell, Miami  If you care about the environment and love leaning into Italian design, then the first-ever solar-powered...
February 2024: Miami New Development and Pre-Construction Condo Update
Real Estate News February 2024: Miami New Development and Pre-Construction Condo Update
Miami’s pre-construction market buzzed in February with many newsworthy events throughout the city. The much-awaited Bentley Residences, Cipriani Residences, and Indian Creek Residences and Yacht Club all broke ground this month. And Brickell’s Mercedes-Benz Places, Key Biscayne’s Key Cassa, and Sunny Isles’ St. Regis' second tower launched sales.  Also, developers accelerated construction efforts for several luxury condo projects including Una Residences, 501 First, St. Regis Brickell, and more. Read on for details on these and more exciting updates in our monthly Miami pre-construction condo market roundup for February 2024: Launched Sales Mercedes-Benz Places – Brickell St. Regis Residences (North Tower) – Sunny Isles Beach Key Cassa – Key Biscayne New Sales Gallery Bay Harbor Towers – Bay Harbor Islands Broke Ground Cipriani Residences – Brickell Indian Creek Residences and Yacht Club – Bay Harbor Islands Bentley Residences – Sunny Isles...