In Miami Beach, a market overloaded with condominiums and high-rises, a new residential project looks to lure buyers with a combination of beach and metropolitan living.
Eleven on Lenox, Shoma Group’s first residential development in Miami Beach, is now open for sales, with prices ranging from $2.99 million to $4 million.
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The collection of 11 beach houses on South Beach’s 15th Street is located within walking distance of Lincoln Road, and neighboring attractions include the New World Symphony, the Wolfsonian Museum and Miami’s Art Deco district.
Yet, the three-level houses, which each include a rooftop terrace with a summer kitchen, a dining room and a private pool, aim to provide future homeowners with the "spirit of a coastal retreat," said Masoud Shojaee, president and chairman of Shoma, based in Doral, Fl.
All units feature one bedroom, one bathroom, a foyer and a garage on the ground floor. Each second floor encompasses three additional bedrooms and three bathrooms, a loft, family room, master foyer, laundry and balconies. The third level is dedicated to the terrace, complete with a powder room and a great room. A glass-encased elevator connects all three floors.
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Nine houses have an area of 5,455 square feet each. One is on sale for $2.99 million and the other eight for $3.5 million. Two corner units spanning 6,220 square foot each are available for $4 million.
ONE Sotheby’s International Realty is handling sales and marketing exclusively.
Eleven on Lenox is slated for completion in 2018.