Canyon Ranch Miami is a beautiful Miami Beach condo development offering luxury properties on the waterfront. It is perfectly located to enjoy a warm climate, direct access to the beach and the delights of the nearby city of Miami.
Miami is a favorite place for second home owners from all around the world. The area has much to offer, while the nightlife, shopping and entertainment of Miami are also nearby. Beachfront condos are particularly popular and Miami Beach is one of the most desirable locations. During the last ten years a collection of luxury condos have sprung up on the waterfront, creating opportunities to invest in a vacation property that will guarantee summers of endless fun and relaxation.
Canyon Ranch is one of the best locations in which to purchase a Miami Beach Condo. The Canyon Ranch name is in itself a reason to invest in this property since the company has been running successful health resorts and spas for a quarter of a century.
Livingin Canyon Ranch offers endless opportunities for recreation and entertainment, from spending the day stretched out on the beach or by the pool to enjoying a thorough pampering in the spa. Canyon Ranch Miami has its own spa and wellness center, with over 60,000 square feet of treatment rooms, fitness equipment and other relaxation and healthcare facilities. There are four swimming pools, a selection of restaurants and 750 feet of pristine beach.
The development consists of three towers on the site of the beautiful old Art Deco Carillon Hotel. The historic Carillon Hotel will offer 151 hotel-condo suites and 80 residential condos. The North Tower will house 207 residential condos. The South Tower has 143 condo units. Most of the properties in the South Tower have already been sold. There is a great deal of activity in the resale market.
There are opportunities for both individual investors looking for a second home that will also be a good investment, and for investment firms, such as the one reported to have bought more than 300 units in the Canyon Ranch development in late 2009. Units have been selling at a rate of more than one sale per week during the six month period between the end of 2009 and summer 2010.
Purchasing a condo in this development can be an investment with the potential for long-term appreciation, as well as a beautiful vacation property that will provide pleasure for years to come. Units that are bought in the condo-hotel building can also be enrolled in the hotel program, if the owner wishes, which is likely to ensure regular bookings and therefore a regular income.
The properties in the Canyon Ranch development sell for several million dollars, but it is possible to find investment opportunities for as little as 300,000 dollars.