MiamiFlorida.com

The Bath Club located on 5959 Collins Ave. Miami Beach, with 108 units plus 6 Beach Villas, recently recorded the sale of one of its ultra-luxury units.

Unit #1603 sold for $2,000,000.00 or $549/SqFt. This unit has 3 bedrooms 4.5 bathrooms with 3,640 SqFt of living area.

The Schnabel Team acted as a transaction broker for both the Seller and the Buyer.

Unit #1603 was listed for sale 16 months ago for $2,750,000.00 and is one of only four units that have sold during the past 11 months as of the date of this post.

As of May 26th 2008, 32 units or 28% remained listed for sale from a total of 114 units in the complex.

If you have any questions or comments, please send me an e-mail to: michael.schnabel@mac.com or call me at 305.450.0036

The second sale for 2008 and also in March.

Are 24% plus discounts attracting Buyers to the Bath Club?

Villa #4 at The Bath Club in Miami Beach sold last 28th March 2008 for $6,700,000 or $1,175 Sq Ft. after being listed for sale for approximately 430 days or 14.3 months. The selling price represents a discount of 24.7% from the original listing price of $8,900,000 set on 1/29/07

Read my complete market analysis report at: The Bath Club market analysis report as of 4th April 2008

If you have any questions or comments, please send me an e-mail to: michael.schnabel@mac.com or call me at 305.450.0036

The price for Condo unit #908 with 2 bedrooms, 2 1/2 baths on 1,904 SqFt has been reduced to $797,000.00 or $419/SqFt. As of April 3rd, 2008 the unit has been in the market for 84 days (almost 3 months) and has been discounted 10.45% from the original listing price of $890,000.00

This unit is the lowest priced unit in the The Bath building, the best ultra-luxury building in mid-Miami Beach.

The Bath Club has a very low density, only 108 apartments plus 6 beach front villas.

Currently the building has 27 units or 23.7% of the building listed for sale at an average price of $728/SqFt. or $2,382,407.00

The Bath Club in Miami Beach saw its first condo sale of 2008 with unit #1105 which closed on March 25th for $2,400,000 or $630 Sq Ft. after being listed for sale for approximately 804 days or 2.3 years. The selling price represents a discount of 27% from the original listing price of $3,290,000 set on 1/17/06.

Read my complete market analysis report at: “The Bath Club Market Analysis Report as of 31 March 2008″

If you have any questions, please send me an e-mail to: michael.schnabel@mac.com or call me at 305.450.0036

 Searching for a good value on Miami Beach? THIS IS IT!THE BATH CLUB #1603C ===> 3,640 Sq Ft (338 Sq Meters) offered at just $741.58 Sq Ft3 spacious bedrooms + maid quarters + 4 1/2 baths.THE BATH CLUB, what a great location, just 10 min. from South Beach and 10 min. from Bal Harbour. And did I mentioned you can enjoy all the amenities of this Ultra-Luxury with the lowest density population of any other building on the beach. Just 108 units + 6 Villas. Talk about privacy!Call me at 305.450.0036 or send me at e-mail at michael.schnabel@mac.com