Home buyers: start your engines. Luxury car brand, Bentley is partnering with Dezer Development to build a condo tower in Sunny Isles Beach, Florida. The first ever venture in to residential real estate by the car builder is an attempt by the brand to deliver its particular brand of elegance to the housing market.
The condominiums will include an in-unit, multi-car garage and a car elevator. The 216 condos on the Miami beach front will begin sales later this month and ready for move in some time in 2026. The units start at $4.2 million and each one will feature an individual balcony swimming pool, ocean views and floor-to-ceiling glass windows.
The development project will be located near the Porsche Design Tower, a 60-story luxury residential tower built in 2017.
Today, conforming no-point 30-year fixed mortgage rates are averaging 3.0 percent and 15-year rates are near 2.25 percent.
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