Miami Condos For Sale & Best Florida Snowbird & Vacation Condos

South Beach & Coconut Grove Pre-Construction!

Pre-construction priced from $400,000 to $1.2 million

Location Ventures has launched sales for the first two locations of a new mixed-use brand that combines short-or long-term accommodations with co-working, wellness space, and retail. Catering “to the nomadic traveler…looking to live or stay in the hottest cities with only their personal items in tow,” properties allow owners to stay for up to 90 nights a year. While they’re away, the residence can be rented on a short-or long-term basis. Location Ventures has announced plans to scale to 100 sites in the U.S. over the next decade. The first two are in Miami Beach, designed by Coral Gables–based Touzet Studio, and Coconut Grove, designed by Arquitectonica and Paredes Architects. Construction starts soon.

With studio to three-bedroom fully furnished units in Miami Beach & Coconut Grove, residences range from $400,000 to $1.2 million. Miami Beach units are 279 to 1,545 square feet; Coconut Grove units are 331 to 2,352 square feet.

A UNIQUE OPPORTUNITY

This exclusive ownership opportunity presents a turnkey experience that truly optimizes the benefits of ownership. With access to the property for 90 nights a year, and a leaseback program, owners have an income generating asset, with the luxuries, services, and amenities of a managed property.

Every unit has been thoughtfully planned with designer features and built-in furniture designed to live, work and relax.

  • Studio to Three-Bedrooms
  • Full Bathrooms
  • Designer Decorated
  • In-Unit Laundry
  • Energy-Star Stainless Appliances

Leaseback Details

All condos will operate under a leaseback agreement that equates to a 4% to 7% annual triple net return based on the purchase price.

•Initial leaseback term of five years, 5-year option to renew at developer option.

•Developer covers HOA, utilities and property taxes, 3.0% annual unit appreciation.

•Owner retains right to use their unit for up to 90 nights per year.

•For every 30 days of use the return drops by 1% for that year, 6% annual return for use up to 30 days, 5% annual return for use up to 60 days, 4% annual return for use up to 90 days.

•Onsite staff services and maintains units avoiding the need for self-management.

•Instant access to socially curated events (happy hours, movie nights).

•Residences are a part of a managed extended stay rental program when not in use by the owner.

MIAMI BEACH

A modern mid-rise with a stunning rooftop terrace, elevated ocean views and a short walk to the Atlantic Ocean, culinary experiences and entertainment.

  • Expansive Roof Deck With Resort-style Pool
  • Sun Deck
  • Poolside Food and Beverage Service
  • Rooftop Lounge, Cafe & Cocktail
  • Dining Terrace
  • Mail And Package Room
  • Expansive Shaded Seating Plaza
  • Outdoor Terrace for Engaged Relaxation
  • Curated Social Programming

COCONUT GROVE

Situated in one of Miami’s oldest neighborhood’s, Coconut Grove is a vibrant place where culture lives. Fostering creativity and connection, the amenity-rich program will focus on wellness and social programming focused on community.

  • Rooftop Pool and Sundeck
  • Relaxation Deck
  • Food and Beverage Program
  • Dining Terrace
  • Mail And Package Room
  • Indoor/Outdoor Atrium
  • Curated Social Programming

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    Presented by: Robert Walsh, Lokation Real Estate


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