Eden House is a waterfront residential development with approximately 100 condominiums. It will offer a full complement of luxury amenities and services.
Additionally, Eden House is an extension of the world-renowned Eden Roc Renaissance Miami Beach. Residents will get VIP access to this five-star hotel-resort, which has a beach club, infinity pools, full-service spa, restaurants and lounges.
Attractively priced, Eden House represents an opportunity to purchase waterfront Miami Beach real estate for under $500 per sq. ft. with all the features of a luxury resort.
Units Range in Sq. Ft. From: 620 To: 1,880
Units Range in Price: From: $244,000 To: $742,000
Property Background: Going back a few years, the Eden House was originally going to be the NoBe Bay Condominiums. However, in the recent real estate crisis, the developer lost his financing and was unable to complete construction. The property went into foreclosure.
Key International and 13th Floor Investments recently acquired the note for NoBe Bay Condominiums from Regions Bank at a discount of more than 50% of its original value. They are investing more than $10 million to complete construction of the unfinished building, which will be re-branded as Eden House.
Key International also happens to be the developer that purchased the Eden Roc Renaissance more than a year ago, which is the reason Eden House residents will be granted VIP access to the amenities at the Eden Roc Renaissance.
Building Features/Amenities:
- Multi-sectional pool with zero entry
- Trendsetting submerged aqua beds
- Luxury waterfront cabanas
- Dock facilities, marina and boat slips
- Water activity center featuring jet skis, boat, kayak, and paddle boards
- High-tech fitness center overlooking the pool and the bay
- Trails and meditation garden
- Open grass area for aerobics, yoga or Pilates
- BBQ and picnic area
- Classic library featuring novels, art and photography books
- Top floor units have a private rooftop terrace, sand beach club, picnic area
- Hammocks and outdoor lounge beds
- Wi-Fi in most common areas
- Private beach club membership at Eden Roc Renaissance and Elle Spa with private eco-friendly golf cart to chauffeur you to and from the resort
- Magnificent three-story lobby with fully operational fireplace
- Entertainment center with DVD panels
- Lush landscaping of water, stone, wood and live gardens with palm trees
Building Services:
- 24-hour valet and front desk/concierge
- State of the art 24-hour security cameras throughout the property
- Covered secure parking garage with 24 hour surveillance
- Driver and car to beach or Eden Roc
- Poolside towel service/cabana service
Condo Unit Features:
- Direct high speed elevator access from parking garage to residence levels
- Semi private high speed elevators to corner units
- Floor to ceiling wall to wall glass with spectacular direct water views
- Extra deep private terraces with glass railings
- Top of the line full sized washer and dryer
- Pre-wired and fiber optics for high speed internet, data/voice and cable
Kitchen Features:
- Top of the line stainless steel Bosche appliances
- Custom European style cabinetry and stainless steel pulls
- Imported stone countertops
- Stainless steel double sink with under-mount installation
Bath Features:
- Premium European custom cabinetry and imported marble vanity tops
- Glass enclosed floating shower and tub
- Modern detailed designer fixtures and faucets
- Real Estate Taxes: 2% of your purchase price
- Maintenance: Approximately $.60/sq. ft.
- Parking and Storage & What Is Included: One parking space comes with each unit. Additional spaces are available for $15,000 each.
Location:
The Eden House mid-Miami Beach location provides quick access to exciting South Beach and Miami, shopping at Bal Harbour, world-class attractions and superb entertainment. Annual events including the world-famous Art Basel Miami Beach festival and the Miami International Boat Show draw people from around the globe.
Home Owner Restrictions on Leases: Six month minimum
Pets: Pets of 50 lbs. or less are permitted
Rental Rates: Depending, of course, on the building, approximate rental rates in the area are: 1 bedroom $2,100, 2 bedroom $3,400, and 3 bedroom $4,500?$6,000.
Architect/Designer:
For over two decades, Kobi Karp architecture and interior design has been providing creative and innovative design solutions to renowned clients in the hospitality, retail, and high-rise residential development community. Their clientele includes corporations such as Hyatt, Hilton, Starwood, Super Clubs, Club Med, Wyndham, Sonesta, and other important development corporations.
Buyer Incentives:
Buyers get one year free access to the amenities at Eden Roc Renaissance Miami Beach, the renowned luxury hotel-resort. ‘ll have an option to renew at $2,000 per year afterwards, which is about a 50% discount off regular price.
At the Eden Roc Renaissance, Eden House residents will be able to use the beach club, pool, sauna, steam room, gym, Elle Spa, restaurants and lounges. They will also get 15% discounts at the Eden Roc’s 1,500 Degrees Restaurant and 15% discounts at Elle Spa.
The Eden House buyer gets the benefit of buying into a property that will come with the amenities of a five-star resort hotel, without paying the five-star prices to enjoy this lifestyle.
Contract Requirement/Deposit/Time to close: Reservations are being taken right now with a $15,000 refundable deposit. At contract, in a few weeks, buyers must deposit 10% of their purchase price and will have a 15-day period to review the contract and cancel for any reason.
After that, a second 10% deposit will be due 30 days later. The remaining 80% is due at closing, which is tentatively planned for August, 2012.
Financing Sources: There is no in house financing preferred lender yet.
