Miami, FL (1888PressRelease)
December 12, 2008 - Eddy Martinez, the sales director for Flamingo South Beach and a founding partner of Worldwide Development Services, today announced the bulk sale of 19 residential condominium units to a Philadelphia-based real estate holding company for an aggregate purchase price of $8 million.
“With its prime location on the Biscayne Bay and proximity to celebrated restaurants and shops at the world renowned Lincoln Road Mall, as well as world class cultural centers, the renovated Flamingo South Beach captures the energetic urban vibe of Miami Beach,” said Martinez.
Martinez continued, “While we have recently started to see a pick-up in interest in purchasing units at the Flamingo South Beach, it really is a testament to the quality of the project that the units have consistently leased well.”
“It is no secret that based on the events of the last two years, there are now and will continue to be some great opportunities to purchase real estate at reduced prices, but the success of such investments will depend upon selecting quality properties,” said Robert A. Feingold, the founding partner of the law firm of Feingold Schechter P.A. and counsel to the bulk purchaser of the 19 units at the Flamingo South Beach. “My client ultimately decided upon the Flamingo South Beach due to the fact that the project is integrated into the fabric of the surrounding community, enabling it to attract both full-time and seasonal residents,” said Feingold.
“Our message to end-users and investors alike is that not only is now a good time to buy, but that the Flamingo South Beach is the right project in which to invest, to live and to prosper,” said Martinez.
Flamingo South Beach is represented exclusively by Worldwide Development Services. The sales center is located at 1500 Bay Road in Miami Beach in the lobby of the South Tower. Only seventeen luxury residences, ranging from studios to three bedrooms, are still available for purchase. For more information, please contact Martinez at (305) 531-2922, emartinez ( @ ) flamingomiami dot com or visit www dot flamingomiami dot com
ABOUT FLAMINGO SOUTH BEACH:
Legendary as a Miami Beach residence, Flamingo South Beach condominiums consist of 562 units, situated on a 16.5-acre bayfront property with expansive views of Biscayne Bay, Star Island and downtown Miami. The homes include studios, one-, two- and three-bedroom residences ranging in size from 500 square feet to 2,345 square feet. Prices range from the $190s to more than $1 million. Units feature new glass balconies, impact-resistant sliding glass doors, high-speed Internet access, satellite television, walk-in closets and washer/dryers. Property amenities include an on-site marina, two bayside resort-style pools, an outdoor spa, a 15,000-square-foot David Barton Gym, a Flamingo Dry Cleaners, and a Heavenly Paws Doggie Day Care and Spa. In addition, residents can take advantage of Flamingo’s resort-style concierge services including dog walking, housekeeping, and car wash and restaurant reservations. For more information, visit www.flamingomiami.com.
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