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miami beach condo sales

The Yacht Club at Portofino

by Jamey on January 27, 2009

I want to talk a little bit about a building that some times gets overlooked but I think is a really great building in the South Beach area. 

The Yacht Club at Portofino

The Yacht Club at Portofino is located in the SOFI area of South Beach of Miami Beach.  It is located at 90 Alton Road.  Built in 1999, the Yacht Club at Portofino is one of the older high end luxury buildings in the South of Fifth Area.  It is located on the bay side of Miami Beach, with direct views of Brickell, downtown Miami, Fisher Island, Miami Beach and more.  There is a marina that is located off the back side of the building. 

Based on experiences working with different clients in the building, I really like the Yacht Club.  The employees are always very nice, thorough and efficient.  The security for the front door has always been in my opinion very strong.  For new tenants the management company is very organized, efficient and the building has good rental policies.  It is also a dog friendly building (with of course some restrictions). The building has 24 hour security, valet service, concierge, gated garage parking, pool, gym and tennis. 

YACHT CLUB AT PORTOFINO

Condos in SOFI area of South Beach

I think in some searches (rentals and sales) the Yacht Club may be overlooked a little because some of the units can be a little dated depending on how the owner took care of the property.  Afterall it was built in the 90’s. However last year this building was hot in sales and rentals. 

In 2008 there were 25 Sales in the Yacht Club

Based only on MLS data. 

Market Analysis Report
Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Closed Sale Number of Properties: 25
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP DOM
High 3 2 1,750 $880,000 $730 $848,888 $708 96.97% 629
Low 1 1 740 $419,000 $462 $380,000 $436 73.08% 0
Average 1.72 1.64 1,035.08 $610,476 $601 $558,076 $548 91.31% 151
Median 2 2 1,090 $575,000 $601 $520,000 $542 93% 83

In 2008 there were 82 Rentals in the Yacht Club

Market Analysis Report
Property Type: Residential Rental (RNT) Status: Rented Number of Properties: 82
  Total Units Total SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP DOM
High 0 1,920 $7,500 $5 $15,000 $20 600% 438
Low 0 740 $1,850 $2 $1,750 $2 71.43% 0
Average 0 1,011.42 $2,993 $3 $3,009 $3 101.35% 75.84
Median 0 1,080 $2,900 $3 $2,700 $3 94.29% 59.5

 

 

WOULD YOU LIKE MORE INFORMATION ABOUT THE YACHT CLUB OR OTHER SOUTH BEACH RENTALS OR SALES?  CONTACT ME TODAY:  305-793-8965

The compilation of listing and market data information is provided by the REALTORS Association of Greater Miami and the Beaches. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental.

I do my best to double check for accuracy, however I am human and errors can occur.  Please contact me if you find something that doesn’t look correct and I will be happy to look into it and correct if necessary.

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