Thursday, February 16, 2012

Uber-Luxe $250 Million Condo Project Breaks Ground on Key Biscayne

Oceana will be an exclusive 142 condominium development with 12 luxury Villas adjacent, located on the last oceanfront site available on Key Biscayne. This will be a state of the art project;  Units will range from 1800 SF to 7500 SF, with a very low density (154 units on a 10.3 acres site).

The new twin-tower Key Biscayne condo project is being touted by some local real estate brokers as the most exclusive new residential project in Miami since the condo boom five years prior.

Barbara Lamar of Miami-based One Sotheby's International Realty tellsWorld Property Channel, "Key Biscayne historically over the last decade has become a big draw for many wealthy families from Brazil, Venezuela, Colombia and Argentina; many who consider owning a residence on Key Biscayne as a status symbol, akin to their version of living in the 'Palm Beach of Latin America'. The Oceana should do well by continuing to target that same high-end international demographic in the coming year."Key Biscaynes Newest Development