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Luxury Condo

The Top Benefits of Buying a Luxury High Rise Condo

There are many reasons why someone might want to buy a luxury high-rise condominium. Perhaps you’re looking for more space, or maybe you want to be in a prime location that offers easy access to all of the best amenities. Whatever your reasons may be, here are 10 benefits of buying a luxury high-rise condo:

1. Exposure to natural light: Did you know that many buildings don’t let in enough sunlight? This can make rooms dark and depressing, affecting how you feel about living there. In contrast, luxurious high-rise condos are designed with ample windows, brightening up any room and making it feel larger than it is. Developers of the ultra-luxury condo buildings spend millions of dollars on extensive research and discovery efforts before deciding where to build a luxury vertical community. That said, it’s safe to assume that the location chosen for your luxury condo building is going to be in a prime area of town, with easy access to all of the best amenities and attractions.

The Top Benefits of Buying a Luxury High Rise Condo

2. Security and safety: Luxury high-rise condos generally don’t have exposed stairwells so that no one can slip in uninvited. They also often offer underground or gated parking garages, along with a 24/7 security guard onsite.

3. Downtown & Ocean Views: Not only does location matter, but also does exposure. Ocean & city views are some of the best since they offer an expansive view of the city skyline or neighboring buildings. If you’ve ever lived in a high-rise building, then you know how amazing it feels to look out over the city while standing in your kitchen or shower. These luxury high rises are positioned on a plot of land according to the consumer’s most desired view. They also consider sunlight exposure for those who may not want the morning sun but live for the sunlight golden hour.

4. Floor Plans: Luxury high-rise condos offer a variety of floor plans. Each floor plan has separate lines, aka columns, in the building that they occupy. Therefore, as long as you find a floor plan that suit’s your needs, your only other option is floor height. Typically you can see a 10k increase in value the higher the floor. Another ward, living on the 10th floor, can offer a completely different atmosphere than living in the same floor plan on the 20th floor.

5. Clubhouses: Luxury high rises offer state-of-the-art amenities—especially those designed around entertaining. Condo developers spend a lot of money researching which amenities are most used and desired by high-net-worth individuals. They also understand that condos are limited in square footage. Therefore, they go the extra mile to develop and create clubhouses designed to “wow” your guests.

6. Luxury High-Rise Amenities: Whether it’s an indoor pool or a concierge service, there’s usually something extra that sets these buildings apart from others. Luxury high-rise amenities often include Fitness centers equipped with the latest resistance and cardiovascular machines. Spacious locker rooms with showers and spa-like amenities. Multiple pools, rooftop bars, gyms and indoor playgrounds for kids, dog walk areas, the list goes on.

The Top Benefits of Buying a Luxury High Rise Condo

9. Luxury high-rise condos are prime locations: If you don’t want to worry about yard maintenance or driving to the store, then a luxury condo may be right for you! Many of these high-rise buildings have restaurants, salons, even grocery stores located in the building.

10. 24-hour concierge service: By having a dedicated staff member who is on call 24/7, you can enjoy any number of benefits, like picking up your dry cleaning or finding the perfect restaurant.

Paramount Residences Fort Lauderdale is a premier luxury high-rise condo that offers 5-Star resort-style amenities. For more information on this building or similar building in the area that offers the luxury lifestyle, contact Josh at 954.799.6403 or send an email to Info@DotoliGroup.com, and we will have one of our agents reach out to you.

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Luxury Condo Real Estate

Luxury Condo Sales Surging Across The Country

In the early months of 2020, Luxury homebuyers in pockets all across the country abandoned the convenience and low-maintenance potential that condos offer, opting instead for more space with fewer people. Sales rose in suburbs of New York, like Westchester County, and Long Island, between March 2020 and November 2020. However, Manhattan sales fell dramatically. High-end properties in urban areas sold in the city saw steep discounts. Here we will discuss how luxury condo sales are surging across the country.

 

However, all that has changed in the last 12 months. Manhattan has primarily rebounded, with the most pronounced increases in Hudson Yards and Chelsea—where contracts have tripled, and pricing is up more than 20% from pre-pandemic numbers—and on the Upper East Side, where contracts are up 150% and pricing 15%. The same is true in Miami; Sales of luxury condos are up 113.8% year-over-year, and Q3 2021 saw the highest numbers for that time period in more than six years.

 

The luxury condo market is now red-hot, with properties selling at or above asking prices and multiple offers being the norm rather than the exception. So what’s driving this resurgence in demand for high-end condos? This blog post will explore some of the factors behind this phenomenon, including the popularity of urban living, the rise in foreign investment in U.S real estate, the variety of inventory,  and the increasing number of empty nesters and retirees.

Luxury condo sales surging across the country

The rise in foreign investment in U.S real estate has also helped boost the luxury condo market. A growing number of wealthy individuals from around the world are investing in U.S condos as a way to diversify their portfolios and protect their money against volatility in their home countries. In addition, many foreigners view U.S real estate as a sound investment due to the strong economy and stable political environment.

 

The increasing number of empty nesters and retirees has also helped drive demand for luxury condo sales. As more and more people reach retirement age, they choose to downsize their living arrangements and move into smaller homes or condos. This trend is particularly prevalent in urban areas.

 

The popularity of urban living is another factor driving demand for luxury condos, as more and more people are choosing to live in cities. The upside to urban living is that cities are the cultural and business engine of the country, and they continue to be a desirable place to live despite the narrative of the past two years.

 

Another factor contributing to the desirability of luxury condos is the variety of inventory. There are many different types of luxury condos out there, and this variety is appealing to buyers. From small or boutique buildings to full-service high-rise residential towers, buyers can find any type of condo home they want in a wide range of prices, walking distance to the things they and their families love to do. They can find the perfect property that meets their needs, whether for work or leisure.

Luxury condo sales surging across the country

Many high-end condo developments come with top-notch amenities, such as gyms, swimming pools, and roof decks, which are becoming increasingly important to luxury homebuyers. And finally, many people are choosing to buy condos as investments, knowing that they will be able to rent them out for premium rates, especially for luxury condos in South Florida. As a result of post-pandemic life, South Florida has quickly become one of the most popular getaway destinations in the world. Buyers & renters are coming from all over the globe to take advantage of our sunny weather, beaches, and lesser restrictive atmosphere. As a result, the demand for short-term rentals has skyrocketed, with luxury condos being the most in-demand.

 

So what does all this mean for the condo market? It looks like the luxury condo market is here to stay! The current trends indicate that luxury condo sales will continue to increase as more and more people are drawn to the urban lifestyle and the many benefits that come with it. If you’re thinking of buying a luxury condo as an investment or just for yourself and your family, now is the time.

 

For more information on the luxury condo market, please contact us at info@DotoliGroup.com or give us a call at (954) 799-6403. We would be happy to help you find your dream home!

 

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Luxury Condo Real Estate

Benefits of Investing In Fort Lauderdale Waterfront Property

If you’re looking for a property that offers both investment and lifestyle benefits, waterfront property in Fort Lauderdale is a perfect choice. With its miles of beautiful beaches and waterways, Fort Lauderdale is one of the most sought-after destinations in Florida. Here are just a few reasons why investing in waterfront property here is a wise decision:

 

The market for waterfront property in Fort Lauderdale is strong and continues to grow. With its idyllic setting and prime location, demand for these properties is high, meaning values are likely to increase and sustain over time. Waterfront homes are often referred to as “recession-proof” because regardless of a downturn in the market, the inventory of homes that border the Atlantic Ocean and Intracoastal is finite.

Benefits of Investing In Fort Lauderdale Waterfront Property

In addition, the waterfront lifestyle offers plenty of opportunities for recreation and relaxation. From fishing and boating to swimming and sunbathing, living on the water provides endless ways to enjoy life. Plus, with year-round warm weather, you can enjoy your home’s outdoor spaces all year long.

 

Another reason why investing in Waterfront property in Fort Lauderdale is a wise decision is that these properties offer great potential for appreciation. With miles of gorgeous coastline and plenty of activities and attractions to keep guests entertained, waterfront homes are perfect for hosting family and friends. They also provide a desirable vacation rental option. In recent months, South Florida has become the #1 vacation destination globally. Short-term and long-term rental pricing has skyrocketed with such demand and limited supply.

 

When it comes to selling your home, time is money, and by owning a waterfront property, you are almost sure it will sell faster and for a higher price per square foot than any other home not on the water. Waterfront property is an asset that will always have a demand, and with prices on the rise, it is a sound investment for you and your family. So, if you’re looking for an investment that offers both lifestyle and financial benefits, waterfront property in Fort Lauderdale should be at the top of your list!

Benefits of Investing In Fort Lauderdale Waterfront Property

If you are interested in learning more about purchasing or selling waterfront property, schedule a conversation with Josh Dotoli, our waterfront real estate expert. Josh Dotoli, the founder of DOTOLI Group, brings nearly a decade of real estate experience and over $500 million in residential real estate sales to your real estate transaction. Recognizing his expertise in luxury waterfront real estate, publications like Forbes, Wall Street Journal, Bloomberg, and RealDeal quote Josh as he shares his experience and expertise on topics impacting South Florida Real Estate. Dotoli was recognized by South Florida Business & Wealth Magazine as the winner of the prestigious “Up & Comer Award” in residential real estate and awarded “Best Real Estate Agents in America” by Real Trends and the Wall Street Journal for his outstanding sales volume in 2018, 2019, & 2020. The DOTOLI Group is in the top 1% of real estate teams nationwide.

 

For scheduling information, contact Josh Dotoli at 954.799.6403 or email Info@DotoliGroup.com

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Luxury Condo Real Estate

Top Reasons To Buy a Luxury Condo In Fort Lauderdale

Whether renting or buying a luxury condo in Fort Lauderdale is not easy. On the surface, renting seems like it would be cheaper and easier than buying. However, many benefits come with owning your place that makes the decision much more complex. This article will discuss why you should consider investing in buying a luxury condo in Fort Lauderdale rather than paying high rents!

In many places around the globe, it isn’t easy to decide between renting or buying a luxury condo. First-time homebuyers might be concerned about the complexity of the upfront and down payments involved in purchasing a property. However, condos are more affordable than renting long-term due to rising rental costs in different regions.

The following are some reasons why you should buy a luxury condo in Fort Lauderdale More:

Freedom and Privacy: You are subject to your landlord’s rules when you rent. But when you own a condo, you can decorate it however you like, invite guests over whenever you want, and make use of the amenities without having to worry about what your landlord thinks.

Location, Location, Location: Condos are often located in prime areas – near the beach, downtown, or other desirable neighborhoods. This means that you’ll have easy access to all of the best things that a city has to offer, including shopping, entertainment, dining, etc. 

Top Reasons To Buy a Luxury Condo In Fort Lauderdale

Build Equity: Your monthly mortgage payments go toward paying off your property over time. Paying down the principal balance of the load is commonly referred to as ” building equity”. As a result, it will increase the value of your condo over time so you can sell or refinance to get cash out if necessary.

You’ll Have a Home for Life: Once you buy a luxury condo in Fort Lauderdale, there’s no reason why you have to move again. You can live in it, rent it out, or use it as a vacation home.

Tax Breaks: The government offers tax breaks to people who own their homes. This includes deductions on mortgage interest payments, property taxes, and more. Consult with your accountant or CPA to learn more about the tax benefits of owning and working from home. 

It’s an Investment: When you buy a luxury condo, you’re investing in the future. The fact that you won’t have to move again means that it’s easy for you or your family members to do repairs on the property without worrying about whether they’ll lose money when trying to sell.

The Building Will Likely Be Well-Maintained: Luxury condo buildings are often well-maintained by the HOA (Homeowner’s Association). This means that you won’t have to worry about painting, repairs, or landscaping.

Top Reasons To Buy a Luxury Condo In Fort Lauderdale

You’ll Have Amenities at Your Fingertips: Many luxury condos come with fantastic amenities, such as state-of-the-art fitness centers, rooftop pools, swanky outdoor lounge areas decks, and more. This means that you won’t have to leave the building to enjoy all of the best activities that a city has to offer.

You’ll Enjoy a Sense of Community: When you live in luxury condos, it’s easy for people living there to get together and socialize as neighbors should. This means that you can make friends, create your own community network, and have fun with the other residents.

If you have thoughts of buying or renting a luxury condo in Fort Lauderdale, consult with our expert team of realtors. Contact DOTOLI Group today by emailing Info@DotoliGroup.com or calling 954.290.4793. We look forward to helping you find the perfect place to call home!