Timelessness. What does this word bring to mind? If you Google it, a timeless brand is one that is unique and disrupts the industry. It has a lasting solution or product that can conceivably help users even in the future. Quality over quantity. In a Miami real estate sense, this is a building developed by Ugo Colombo, who is also timeless himself.
It hasn’t been disclosed whether there is a correlation or if it is pure chance, but Mr. Colombo celebrates his birthday today and also is topping off his latest project, Onda Residences in Bay Harbor Islands. Long known as a very methodical developer who only has one project under construction at a time, Colombo’s buildings are known to retain their elegance and value for decades. While his next project, Vita at Grove Isle is in the works, it is not yet under construction.
For those who are unfamiliar with Bay Harbor Islands, it is a small residential gathering of islands adjacent to Bal Harbour and Oleta State Park. As many of these areas are water-locked, it is quicker to access Oleta via boat than by car. Being so rich in waterfront real estate, it is the perfect spot for a new boutique development for those who love tranquil ambiance that is also quite convenient to the sand as well as the shopping and other entertainment outlets.
Onda at Bay Harbor will be the first new project in the residential enclave to be completed in quite some time, starting a contagion of new luxury projects that are certain to bring a renaissance to the area. Before Colombo set his sights on the area, it was a quiet and tranquil haven for Mimo-style and Art Deco walk-up buildings that are traditionally more affordable than other waterfront properties. As times change in Miami and older buildings give way to newer building technology, neighborhoods change and this is a fantastic outlet for those who will love to be adjacent to extremely high class dining, shopping and other lifestyle amenities while also retaining privacy and quiet security.
“Once complete, Onda will be a coveted residential retreat in one of Miami’s most desirable neighborhoods,” said Ugo Colombo, who is the founder of CMC Group. “The building’s boutique lifestyle, idyllic bayfront location, and timeless design will make it a standout property for years to come,” added co-developer Valerio Morabito, CEO of Morabito Properties.
At just 8 stories tall, the project should be fully completed by the end of the year. Each residence has between 2-4 bedrooms plus a den or office. The square footage ranges from 1,800 square feet up to 3,500 square feet, and penthouses go up to 5,000 square feet with private rooftop pool decks to soak in the bay breeze over the 300-linear-feet of bayfront with a private marina.
The interiors are outfitted as can be expected from CMC Group, the same way a Bentley delivers what is expected of their brand. There are ample tiled terraces, private gardens and open floor plans with natural Italian marble flooring, Snaidero kitchens with Miele appliances, and energy efficient heating, air conditioning and water filtration systems.
As is the case with most projects that are unique, elegant and well-positioned, Onda Residences has only limited purchase opportunities remaining. The project has 41 residences and is estimated to be 85% sold, with select inventory remaining that is priced between $5 million and $8.4 million. If you are in the market for a residence in an impeccable location, with sleek designs and elegant finishes, this is the place you should look.
If you are interested in a private presentation and specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at firstname.lastname@example.org.