History
Up until 1912, Allison Island was nothing but a small
clearing in a swamp of mangroves at the mouth of Indian Creek. Because it was inhabited by nothing but
alligators and other “swamp creatures,” no one ever thought about developing
it. Then in 1912, Carl Fisher, who began
developing Miami Beach, decided to buy Allison Island as a tribute to his good
friend and partner, Jim Allison. Allison
tried unsuccessfully to develop it several times. But until 1926, nothing succeeded. At that point, he began to develop a luxury,
“state of the art” hospital for the wealthy Miami Beach residents. But the Hurricane of 1926 (Great Miami
Hurricane), a category 4 storm, destroyed all hopes of such a development when
it flattened the hospital.
Location of Aqua Allison Island
This small island, long and skinny in its shape, sits
directly between La Gorce Island and Miami Beach. Just a short drive from Bal Harbour and North
Bay Village, this quaint little paradise sits at the mouth of Indian
Creek. While it has a feel of being far
away from all the action of Miami, it is very close to much of the action of
Miami.
Aqua Allison Island Amenities
Luxury is the number one goal at Aqua on Allison
Island. The amenities at any Aqua property
are all about comfort and indulgence. There are so many awesome conveniences
for the residents and their guests that include a state of the art fitness
center with a large patio that looks out over the water, 24-hour security and
monitoring of the private entrance to the community, beautiful heated pools and
a children’s pool, a children’s center, walking and jogging paths throughout
the island, private docks and so much more.
For Aqua residence amenities, luxury continues to be at the
forefront of the features of this high-end Miami real estate. In terms of the residential design, homes
have a contemporary style with private garage, wrap around balconies, and high
ceilings of 10 feet. As for features,
residences offer designer kitchens with high-end fixtures, large open rooms, floor
to ceiling windows that look out over the water and the rest of Miami, and
more.
Everything about Aqua on Allison Island is so breathtaking
and amazing. From the inside out,
everything has been well thought out with the home owners in mind.
Real Estate at Aqua on Allison Island
Aqua at Allison Island real estate is a combination of
condominiums and private homes. There is
a striking yet subtle art deco design throughout the island with a color scheme
that has a tropical feel. While so many
have the aspiration to live on the island, only a lucky few get to call an Aqua
property home.
There are 46 private homes in the form of individual
condominium homes and townhouses, and 105 units in three mid-rise condominiums each
with 11 stories – The Spear, Gorlin and Chatham. The Spear offers the largest potential for
buying as it has 60 residences inside while the Gorlin and Chatham are slightly
more exclusive with only 29 and 16 homes in each, respectively.
Mid-Rise Condos
Spear Condo has a unique appearance where it almost seems to
float in the water and features colors that blend or compliment the
surroundings. There are two to
four-bedroom homes inside this 11-story building that range in size from 1,367
to 2,752 square feet. List prices fall between about $900K and $1.5
million.
As for the Gorlin Condo, its 11 stories encompass 29 units
ranging in size from 1,316 to 3,442 square feet and featuring three
bedrooms. Its design compliments its
sister properties and offers list prices that typically start at about $1
million and climb to over $1.5 million.
The Chatham Condo is the most exclusive of the three
buildings with only 16 units in the 11 story building. It sits on a multi-level parking structure. The units have a loft-type feel and offer two
and three bedrooms. Sizes range from
1,957 to 3,427 square feet. This
building is much more exclusive and rarely has units available for sale.
Private Residences
In terms of the individual Aqua homes, they range in size
from around 2,000 square foot condominium home to over 4,000 square feet for a
townhome. The main draw to these private
residences is that they have an individual style and design. List prices range anywhere from $1.2 million
to well over $2 million.
Eight homes have sold in the past 12 months with sale prices
ranging from the upper $500s to over $1.2 million. While the average number of days on the
market sits at about 190 days for these recent sales, the spread is all over
the board with some selling within as little as five days while others took
over one year to sell.
Rental Property
Aqua real estate is an excellent investment as any property
that hits the market as a rental is swiped up in a quick manner. It is such an awesome place to live that there
are Miami residents who will rent property here.
There are Aqua rentals available but never more than a
couple at a time. When one does appear,
monthly rental rates range from around $4,500 to over $10,000. After all, Aqua Allison Island is very
exclusive and the rates reflect that.
Living the Dream
To live at Aqua on Allison Island is truly living the Dream.
This city within a city offers exclusive
Miami real estate for those who are lucky enough to buy here. Take
some time and visit the island to see what it is all about.
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