Over 544 Condos Closed At Aria In Just Three Months
Buyers have been quickly closing on their condo units at the newly completed 50-story Aria On the Bay condo tower.
County records show that 544 deeds have been recorded since May, when closings began.
In total, the development includes 648 units, with a sellout value of $500 million. Prior to opening, developer Melo Group said that the units were 90% sold.
There are 53 units listed for resale on the MLS, ranging in price from $400,000 to $2.25m.
On the rental market, there are 93 MLS listed units. Prices range from $2,250 to $9,500.
Miami condo investor motto: Buy high, sell low. LOL Watch those prices come down…
what’s the verdict? the outside looks like the renderings – did the inside live up to expectations?
Brand-New building.. going through some growing pains, and residents only recently moving in.
Looks about on-par with Related projects. What’s that mean?
I go back to my original discussion. Why can’t my unit at the Quantum on the Bay with direct unobstructed bay views and Port of Miami views break $395 / sq. ft. You have a unit at the Aria asking $989,000 for 1393 sq. ft. ($709 per sq.ft.)! bare bones unit with partial bay views…middle of building UNIT C….I’ve heard about the number of units and design of building etc. accounting for a portion of the unit inflated price but this building has over 600 units. The units that do merit a premium price are the end units with bay view. I do admit these are premium units, but they are totally different that the units in the middle of this building. If I was the broker I would not professionally be able to realistically price this unit at that price. What am missing? Thanks. My specific Residence K at Quantum on the Bay is under priced in my opinion.
Talk to an expert.
Quantum has a bad reputation. Sorry.
A couple of thoughts on Quantum. Its 9ver a decade old.
Over a decade old….it came to stabalization right after the crisis, so there are bottom feeder investors, short term renters and a very bad stigma…plus they had that lawsuit with Terra.
For my money, the furnishings appear dated and cheap. Potential buyers need to keep looking.
I meant finishings- apologies.
super cheap.
cookie-cutter….
Does anyone know where they found the recorded deeds? My own research, as of 30 mins ago, reflects that not a single deed has been recorded as of yet. I just sent an email to the info email this publication has, but there does not seem to be any specific author taking credit for the story nor a method to actually get in touch with a real live person. Something does not seem right here.
Seth, if you are learning from Zalewski…that is the wrong guy. Developers can close units without recording deeds…
Very often, developers will record closings only if they must, and they close units strategically.
So we are clear, I am not questioning if 544 units have closed or not. However, the story states, and I quote, “County records show that 544 deeds have been recorded since May, when closings began.” Either this statement is not true and thus this story is premised on a lie, or my own ability to verify this statement has been fruitless, and thus I kindly request the author to provide me with the same information they are reviewing.
Good luck getting the anonymous owner of this blog to do that. Everything posted here must be taken with a grain of salt given the anonymity of the poster.
Search the official records for “Bayshore Plaza” and all of the deeds show up….. quite simple?
Yeah, what’s up with that? Why so secretive?
Again, as someone who has contracted developer units for developers, closed individual units for a developer, I can assure you…. just because units close does not mean they are recorded as public record.
Its quite possible this author is taking the developers word for it …or saw the developers closing statenents, I don’t know.
One thing I know for sure, the Condo Vultures have been regularly quoted and rarely correct.
And by the way…there is no legitimate reason a Realtor would keep “pocket listings” in a newly delivered building….let alone, more than 15% of inventory as some fund promoters would suggest.
I want to see more of this quality by Melo, please.
It’s a very cheaply made building. It doesn’t worth the money at all.
Those finishing at $700 PSF ahhahahahahhahahahhahaah
THE FECES BABOON BOYS