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50 Biscayne

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Neighborhood: Downtown

Year Built: 2007

# Units: 527

# Floors: 54

# Parking Levels: 9

ROSS100 Condo Index Ranking +

28

out of 100

COST RATING: +

1.5 out of 5

LIFESTYLE RATING: +

 3.3 out of 5

Ross’s Comments – What you Need to Know about 50 Biscayne

With full length balconies on every unit in the building, 50 Biscayne separates itself from its competitors.

The amenity deck on the 10th level has an infinity pool on the west side of the tower (including cabanas and daybeds) and a two story fitness center facing the bay.

Units with “even” numbers have direct bay views and the “odd” numbered units face the city (west).

The corner units 02 and 10 are larger than normal 3 bedroom units with expansive views and generous living / dining areas (30 x 20 feet) overlooking the bay.

Units located on floors 3 through 9 were sold fully furnished and are subject to different rental rules (may be rented on a monthly basis).

Due to a design feature of the building, units 04, 06 and 08 from the 38th to 41st floors do not have balconies.

BUILDING QUALITY +

MANAGEMENT +

LOCATION +

RENT FRIENDLY +

ACCESSIBILITY +

FINANCING +

DESIGN & EFFICIENCY +

AMENITIES +

WALKABILITY +

PET FRIENDLY +

PARKING +

SECURITY +

RECENT PRICE/SQ FT $406

RECENT PRICE/M² $4,370     

MAINTENANCE COST/SQ FT < $0.75

2 BEDROOM PRICE RANGE (2014-2015) $400,000 – $650,000

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UNIT SIZES  567 – 3,059 sq. ft (53 – 284 m²)

UNIT TYPES  Studio, 1 ,2, 3 and 4 bedrooms

# OF UNITS  527

# OF FLOORS  54

# OF PARKING LEVELS 9

ARCHITECT  Sieger-Suarez

DEVELOPER  Related Group of Florida

PET POLICY  Pets allowed subject to restrictions. 

24-Hour Concierge, Valet and Security

10th floor urban oasis: pool deck with infinity edge pool, lush tropical landscaping, daybeds and cabanas

10th floor 2-level club room with warming kitchen, billiards and bay views

12th floor 2-level spa & fitness center overlooking the bay with meditation rooms and Pilates

Magnificent 3-story lobby created by the world renowned Rockwell Group

DOWNTOWN MIAMI

After more than a decade of unprecedented public and private investment, downtown Miami has clearly turned a corner from what was once a strictly nine-to-five district into a 24/7 livable city. Since 2002, real estate projects with a value of close to $18 billion have been developed in downtown Miami, creating a strong base of commercial and residential development and serving as a magnet for new businesses and residents.

Downtown Miami is an urban residential neighborhood, and the central business district of the city of Miami and Miami-Dade County. Downtown is the historic, cultural, financial, and commercial center of South Florida, tracing its history back to the 19th century. With recent mass construction of high-rise residential buildings, several hotels and office towers, downtown continues to experience significant growth, with new shops, bars, parks, and restaurants opening up, attracting many new residents. According to the Miami Downtown Development Authority, Downtown Miami’s population has doubled over the past ten years and now has over 74,000 residents with a median household income of $70,800.

Downtown Miami is also the home of the vibrant Adrienne Arsht Center for the Performing Arts, American Airlines Arena, Perez Art Museum Miami, and Frost Museum of Science. The Perez Art Museum Miami is the new anchor of the 29-acre Museum Park overlooking Biscayne Bay and includes public gardens and sculpture installations. This vital downtown park is central to efforts to strengthen greater Miami’s momentum as an emerging global capital. A vibrant mix of green space and cultural offerings, in addition to the landmark new art facilities the park will also be the future home of the Frost Museum of Science.

In addition to the development and growth of the area in general, a massive $1.5 billion mixed use development dubbed “a city within a city”, the Miami World Center, is about to break ground. The mixed use development will consist of a massive 1 million SF shopping mall, 1,800-room Marriott Marquis Hotel, a 600,000 SF convention center,  and three high rise towers with over 1,200 residential units.

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