Sales for the E11EVEN condo tower launched sales in February. As of now, the 375-unit Downtown hotel and condo tower is 90% under contract. Buyers were asked to put a 10% purchase price deposit, and before closing, they will be asked to put 30% more. So far, units have sold for an average price of $1,100 per foot. In addition, the units are being sold fully furnished. According to one of the project’s partners, must of the buyers are from the U.S. Furthermore, the team attributes the fast pace of sales to good timing.
The developers plan to break ground on the E11even condo tower in the third quarter of this year. In addition, it will be in the market for a construction loan this summer. In fact, completion is expected roughly 30 months after the groundbreaking.
Units range from studios to two-bedrooms and a penthouse collection. Prices started in the $300ks, and the units currently under contract range from $400k to over $10 million. Unit owners have the option of putting their condos into a hotel program to generate revenue. The project offers amazing amenities such as Dr. Deepak Chopra’s Spa and Studio, a beach club, a casino-style sports lounge, a rooftop, cabanas, and much more.
Read more: https://therealdeal.com/miami/2021/04/20/e11even-condo-tower-planned-for-downtown-miami-reaches-90-of-units-under-contract-in-two-months/
AMG International Realty is a global real estate firm specializing in Florida. If you are you looking to buy, rent, or sell in Florida we are here to guide you through every step of the way. From mortgage applications, to finding your dream home and closing the deal. For more information about E11even, contact us today!
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