Published by Peter Zalewski
12/5/2023 
1:47:01 PM Project Description:
A new chapter in residential sophistication. Here, the idea of a life well lived has been completely transformed so that the beauty of nature and the convenience of state-of-the-art lifestyle amenities exist in perfect balance with one another. Aria Reserve brings the tallest waterfront, residential twin towers in the United States. The iconic profile in the heart of Miami, and prestigious waterfront position on Biscayne Bay, makes Aria Reserve feel like a private estate hidden away from the rest of the world. The uniquely modern relationship between design and nature creates an atmosphere of total serenity.
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CraneSpotters Preconstruction Condo Project Overview |
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| Condo Description | Details |
| PROJECT NAME | Aria Reserve |
| ADDRESS | 700 NE 24TH Street Miami, FL 33137 |
| SUBMARKET | Greater Downtown Miami |
| COUNTY | Miami- Dade |
| WATERFRONT PROJECT | Yes |
| TYPE OF WATERFRONT? | Bay |
| NUMBER OF TOWERS | 2 |
| TOTAL FLOORS (BY ELEVATOR) | 62 |
| TOTAL RESIDENTIAL UNITS | 792 |
| BED RANGE | 1 TO 4 |
| RANGE OF SQUARE FEET | 1,059 TO 2,584 |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 1 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 2 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 3 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 4 BED – XX – X,XXX SF |
| MINIMUM PRICE PER UNIT | $ 800k |
| MONTHLY MAINTENANCE FEE PER UNIT | |
| MONTHLY MAINTENANCE FEE PER SQUARE FOOT | TBA |
| TURNKEY READY | |
| PROPERTY AMENITIES | Pool, Spa, Cabana, Picnic Area, Children’s play Area ,Club Room, Gym, Basketball court, |
| WATER VIEWS | |
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| RECOMMENDED LENDERS | |
| PROJECT STATUS | Under Construction |
| PRESALES UNDERWAY? | |
| RATIO OF PRESALES | |
| SCHEDULED CONSTRUCTION START | 2022 |
| SCHEDULED COMPLETION DATE | 2025 |
| YEAR COMPLETED | |
| DEVELOPER | MELO GROUP |
| COUNTRY OF DEVELOPER | Argentina |
| DEVELOPER FEE % | |
| ARCHITECT | Arquitectonica |
| ARCHITECTURAL FIRM | |
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| DATE OF GROUNDBREAKING PARTY | |
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| DATE CRANE ERECTED | |
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| MINIMUM PRICE PER DOOR | $800k |
| MINIMUM PRICE PER SQUARE FOOT | |
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Condo Market Inventory Tracker
A Snapshot Of Downtown West Palm Beach And The Island
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 344 | 8.2 |
| Luxury Condos | 153 | 9.6 |
| Shortsales | 0 | NA |
| REOs | 0 | NA |
| Rentals | 365 | 5.2 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
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