MIAMI BEACH, Fla., May 15, 2012 (GLOBE NEWSWIRE) -- Sales at Canyon Ranch Living Miami Beach were brisk in the first quarter of this year, with 42 closings. The current pace of sales exceeds the record-setting condominium residence sale pace that was set in 2011.
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The closings in the period were twice the total units sold in the same quarter a year ago and had a total value of $44 million, with one, two and three-bedroom residences selling for prices ranging from $425,000 to over $3 million.
"We experienced strong sales to residents of the Northeast and Florida," said Michael Sadov, Real Estate Sales Director at Canyon Ranch Living Miami Beach. "We also continued to see interest from residents of Canada and Latin America, and expect a surge in the number of those potential buyers this summer."
The sales team put another 45 condominium residences under contract, Sadov said. The total value was $43.4 million.
The quality of life offered at Canyon Ranch is a driving factor behind the demand for residences, said Sadov and Pordes Residential principal Mark Pordes, who together began marketing the condominium residences in late 2010.
"Buyers seeking both a healthy lifestyle and luxury living know they can find this distinct combination only at Canyon Ranch Living Miami Beach," Pordes said. "They are choosing to be owners here to be part of a community built around a unique approach to wellness and holistic and integrative care."
Most of the remaining condominiums are in the North Tower, which formally opened in March 2011. Select residences are also available in the South and Central towers.
ABOUT CANYON RANCH LIVING MIAMI BEACH
Canyon Ranch Living Miami Beach is a community of 580 artfully designed, beautiful residences surrounded by a true wellness spa. Unit owners enjoy a holistic approach to living structured around four guiding principles: physical activity, nutrition, spiritual awareness and integrative health.
The residences are spread across three blue-glass towers – north, south and center – with a spa and 150 all-suite hotel on the lower floors of the center tower, the original Carillon Hotel.
For more information on Canyon Ranch Living Miami Beach or other beach front residences, contact Pordes Residential Sales & Marketing 786-245-8379 or www.pordesresidential.com.
