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South Pointe Tower

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Neighborhood: South of Fifth

Year Built: 1987

# Units: 204

# Floors: 24

# Parking Levels: 2

ROSS100 Condo Index Ranking +

70

out of 100

COST RATING: +

2.68 out of 5

LIFESTYLE RATING: +

3.33 out of 5

Ross’s Comments – What you Need to Know about South Pointe Tower

Initially developed by Charles Cheezum in the 1980’s after Miami Beach lifted the building moratorium in 1982, the South Pointe Towers was sold to John Hinson prior to its completion.

South Pointe Towers is considered by many to represent the rebirth of South Beach, if not Miami Beach itself.

Today, the tower fetches over $900,000 for a one bedroom unit when they originally sold for approximately $120,000 in the mid 80’s.

The tower is easily identifiable by the lighted beacon on the south side of the building. The community has been upgraded over the years.

The Portofino Tower and neighboring South Pointe Tower share a gated entrance and the grounds, including tennis courts and waterfront pools.

BUILDING QUALITY +

MANAGEMENT +

LOCATION +

RENT FRIENDLY +

ACCESSIBILITY +

FINANCING +

DESIGN & EFFICIENCY +

AMENITIES +

WALKABILITY +

PET FRIENDLY +

PARKING +

SECURITY +

RECENT PRICE/SQ FT $940

RECENT PRICE/M² $10,118 

MAINTENANCE COST/SQ FT $0.75 – $0.99

2 BEDROOM PRICE RANGE (2014-2015) $781,000 – $1,825,000

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UNIT SIZES  858 – 3,215 sq. ft (80 – 299 m²)

UNIT TYPES  1, 2, 3 and 4 bedrooms

# OF UNITS  204

# OF FLOORS  24

# OF PARKING LEVELS  2

ARCHITECT 

DEVELOPER  John A. Hinson

PET POLICY  1 pet allowed per unit max 15 lbs, other restrictions apply. 

24-hour concierge, valet & security

Recently renovated and redesigned interiors & lobby

Water-front pool

Tennis courts

Fitness center

Billiards room

Dog park

Renovated lobby features cascading waterfall

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.

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