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Murano Grande

Address: 400 Alton Road, Miami Beach

Neighborhood: South of Fifth

Year Built: 2003

# Units: 270

# Floors: 38

# Parking Levels: 5

$8,900,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
4,379
SQFT
400 ALTON RD PH-B #PH-B
Miami Beach, FL 33139
MURANO GRANDE Subdivision
New Listing - 2 weeks online
$6,500,000
Condo For Sale
Active
5
BED
5
TOTAL BATHS
2,024
SQFT
400 Alton Rd 606 & 607 #606 & 607
Miami Beach, FL 33139
Murano Grande Subdivision
$5,999,000
Condo For Sale
Active
4
BED
5
TOTAL BATHS
3,979
SQFT
400 Alton Rd 2501 #2501
Miami Beach, FL 33139
MURANO GRANDE Subdivision
$4,450,000
Condo For Sale
Active
3
BED
4
TOTAL BATHS
3,058
SQFT
400 Alton Rd 2003 #2003
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
Price Change - 3 weeks ago
$4,200,000
Condo For Sale
Active
3
BED
4
TOTAL BATHS
2,974
SQFT
400 Alton Rd 2804 #2804
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
Price Change - 7 hours ago
$3,950,000
Condo For Sale
Active
3
BED
4
TOTAL BATHS
3,058
SQFT
400 Alton Rd 2403 #2403
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
$3,900,000
Condo For Sale
Active
4
BED
5
TOTAL BATHS
400 Alton Rd 1510/1511 #1510/1511
Miami Beach, FL 33139
MURANO GRANDE Subdivision
$3,388,888
Condo For Sale
Active
3
BED
4
TOTAL BATHS
3,058
SQFT
400 Alton Rd 603 #603
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
$2,950,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
2,003
SQFT
400 Alton Rd 1401 #1401
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
New Listing - a week online
$2,800,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
2,024
SQFT
400 Alton Rd 1506 #1506
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
$2,800,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,267
SQFT
400 Alton Rd 1801 #1801
Miami Beach, FL 33139
 
$2,500,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
2,264
SQFT
400 ALTON RD 1106 #1106
Miami Beach, FL 33139
 
$2,499,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,024
SQFT
400 Alton Rd 1206 #1206
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
Price Change - 2 weeks ago
$1,995,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,600
SQFT
400 Alton Rd 2108 #2108
Miami Beach, FL 33139
Murano Grande Subdivision
$1,799,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,649
SQFT
400 Alton Rd 2411 #2411
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
$1,695,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,548
SQFT
400 Alton Rd 2010 #2010
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
New Listing - 3 weeks online
$1,298,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,649
SQFT
400 E Alton Rd 1411 #1411
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
$1,279,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,649
SQFT
400 Alton Rd 1711 #1711
Miami Beach, FL 33139
MURANO GRANDE Subdivision
$1,199,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,649
SQFT
400 Alton Rd 1211 #1211
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
$1,190,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,400
SQFT
400 Alton Rd 1105 #1105
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFINO Subdivision
$1,185,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,874
SQFT
400 Alton Rd 702 #702
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
Price Change - a week ago
$1,055,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,658
SQFT
400 Alton Rd 1507 #1507
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
$950,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,437
SQFT
400 Alton Rd 1709 #1709
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
Price Change - 2 weeks ago
$895,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,437
SQFT
400 Alton Rd PH2509 #PH2509
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
$875,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,988
SQFT
400 Alton Rd 407 #407
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision
Foreclosure
$799,500
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,658
SQFT
400 Alton Rd 707 #707
Miami Beach, FL 33139
MURANO GRANDE AT PORTOFIN Subdivision

Ross’s Comments – What you Need to Know about Murano Grande

Designed by the same architects of the ICON, this building mostly consists of 2, 3 and 4 bedroom units with big views of the bay, city and Miami Beach.

There are a number of flow through units in lines 01, 03 and some in 04, that offer both bay and city views.

In mid-2013, unit PH3601 sold for $5.1 million, or $1,278 per SF, setting a new record for the building.

Considered a direct competitor to its immediate neighbor the ICON, the ICON generally receives a premium over the Murano Grande due to the Philippe Starck style and design.

BUILDING QUALITY +

MANAGEMENT +

LOCATION +

RENT FRIENDLY +

ACCESSIBILITY +

FINANCING +

DESIGN & EFFICIENCY +

AMENITIES +

WALKABILITY +

PET FRIENDLY +

PARKING +

SECURITY +

RECENT PRICE/SQ FT $1,063

RECENT PRICE/M² $11,442  

MAINTENANCE COST/SQ FT $0.75 – $0.99

2 BEDROOM PRICE RANGE (2014-2015) $1,270,000 – $2,950,000

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UNIT SIZES  1,310 – 3,990 sq. ft (122 – 371 m²)

UNIT TYPES  1, 2, 3 and 4 bedrooms

# OF UNITS  270

# OF FLOORS  38

# OF PARKING LEVELS  5

ARCHITECT  Sieger-Suarez

DEVELOPER  The Related Group

PET POLICY  Pets are allowed, subject to restrictions. 

24-hour concierge, valet & security

Tennis courts

State-of-the-art fitness & health center

Media and multipurpose rooms

Private and semi-private elevator access to each unit

Heated swimming pool with poolside Cafe

Stunning lobby & entrance

Bathroom fixtures by Philippe Starck and European kitchen cabinetry by Dellacasa

SOUTH OF FIFTH

As with many of Miami’s historic neighborhoods, the South of Fifth “SoFi” neighborhood in Miami Beach enjoyed its heydays in the 1950′s. Miami Beach had a reputation as the “American Riviera” with its beaches, hotels, tropical weather, mobsters and star power. However, the area was ethnically divided with SoFi as home to a thriving, mostly Jewish community, while the areas to the north and even some hotels had little tolerance for diversity. A number of hotels had “restricted clientele” rules and some properties transferred with deeds prohibiting “Hebrew blood.”

By the 1970′s, however, SoFi had become a haven for Jewish retirees and the younger generation stopped moving in. As the area declined, the city formed what was known as the “Committee to Keep Greater Miami Beach Young.” In an effort to eliminate most of the structures south of Fifth Street, the city created the South Shore Redevelopment Area in 1973. The city leader’s imagined that the $400-million plan would completely revitalize the area. Unfortunately, it all but guaranteed the area’s decline.

Many theories exist as to why the plan failed so dismally, but clearly it influenced property owners to stop taking care of their existing buildings. As the neighborhood was so cheap, it attracted the poor and crime and drugs became rampant. Unfortunately, things continued to get worse and it was not until the mid 1990′s that interest re-emerged to invest in the SoFi area.

Today the SoFi neighborhood represents the success that major redevelopment can produce. The area is very safe, it boasts a highly ranked elementary school, South Pointe Park, many successful businesses, restaurants, hotels, nightclubs and some of the most expensive real estate in Miami. Every weekend the beach is packed with locals and tourists. There are several iconic luxury condo projects in the SoFi area, including the Apogee, Murano Grande, Icon, Continuum North and South, Portofino Tower, Murano at Portofino, in addition to several currently under construction.