Address: 520 West Avenue, Miami Beach
Neighborhood: South Beach
Year Built: 2004
# Units: 80
# Floors: 25
# Parking Levels: 5
Ross’s Comments – What you Need to Know about Bentley Bay
Nautical theme and design in a voluminous four and two story lobby.
All units face west and offer some dynamic views of the barrier islands, the Port of Miami, the bay and the city of Miami.
Very private with only four or five residences per floor, 9 ft high ceilings and expansive terraces.
A two level, 6000 SF penthouse with private rooftop pool is for sale asking $20M.
The vacant land and former South Shore Hospital to the east and northeast of the Bentley Bay are slated to be redeveloped into a mega Whole Foods store, apartments, mixed use retail and restaurants. This should add value and make the immediate area even more walkable.
BUILDING QUALITY
MANAGEMENT
LOCATION
RENT FRIENDLY
ACCESSIBILITY
FINANCING
DESIGN & EFFICIENCY
AMENITIES
WALKABILITY
PET FRIENDLY
PARKING
SECURITY
RECENT PRICE/SQ FT $777
RECENT PRICE/M² $8,364 SEE PRICE HISTORY
MAINTENANCE COST/SQ FT $0.75 – $0.99
2 BEDROOM PRICE RANGE (2014-2015) $750,000 – $1,550,000
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UNIT SIZES 836 – 2,469 sq. ft (78 – 229 m²)
UNIT TYPES 1, 2 and 3 bedrooms
# OF UNITS 80
# OF FLOORS 25
# OF PARKING LEVELS 5
ARCHITECT Arquitectonica
DEVELOPER Ricardo Olivier
PET POLICY Pets are allowed, subject to restrictions.
Two 25 story towers, with a unique 3-sail silhouette designed by Arquitectonica
Stunning 180 degree views of Miami’s skyline
Porte-cochere entry featuring a water cascade
Elegantly appointed four-story and two-story lobbies
Imported Italian marble in lobby areas
Infinity edge swimming pool on landscaped level 5 deck
Dual Jacuzzis
Fitness center with spa, massage room, sauna and steam room
24-hour security and valet
Only 3 to 4 condominiums per floor
Landscaped garden terrance with views of Biscayne Bay, Star Island and Downtown Miami
5 level covered garage with reserved parking
SOUTH BEACH
South Beach, also known as SoBe, is a neighborhood within the city of Miami Beach. It is the area south of Indian Creek and encompasses roughly the southernmost 23 blocks of the main barrier island that separates the Atlantic Ocean and Biscayne Bay. This area was the first section of Miami Beach to be developed, starting in the 1910′s, due to the development efforts of Carl G. Fisher, the Lummus Brothers, and John S. Collins.
During the 1960′s, South Beach became even more famous when Jackie Gleason brought his weekly variety series, The Jackie Gleason Show to the area. Beginning in the late 1970′s and continuing through the 1980′s, South Beach was used as a retirement community with most of its ocean-front hotels and apartment buildings filled with elderly people living on small, fixed incomes. This period also saw the introduction of the “cocaine cowboys,” drug dealers who used the area as a base for their illicit drug activities. The movie “Scarface“, released in 1983, typifies this activity. In addition, the television show Miami Vice used South Beach as a backdrop for much of its filming because of the area’s raw and unique visual beauty.
The area has gone through numerous artificial and natural changes over the years, including a booming regional economy, increased tourism, and the 1926 hurricane, which destroyed much of the area. The South Beach section of Miami Beach is a major entertainment destination with hundreds of nightclubs, restaurants, boutiques and hotels. The area is popular with both American and international tourists, with many having permanent or second homes.
