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Condos at Waverly South Beach sell for $1.1 million
Waverly South Beach is hot. The Miami Beach condo on Biscayne Bay has seen two $1 million-plus sales in recent months, including the coveted Penthouse 5, which went for $1.12 million. The sales confirm that Waverly South Beach — and all of South Beach in general — are continuing to enjoy strong interest from investors.
 
The development of the western side of the island in particular is turning heads in recent years. The addition of hot restaurants and clubs, like Bodega (which is both!), and lifestyle necessities like Whole Foods, yoga studios and Panther Coffee have turned attention momentarily away from the beaches and clubs on the east and toward an exciting new west.
Waverly South Beach is one of the most recognizable condos on that side of the island. With it's bright colors and prominent location, lots of people are looking up at its 35 stories and 399 units as a solid investment in a piece of a growing city. Already this year, two of the condos priced over $1 million sold for just below their listing price.
 
The first is the exclusive Penthouse 5,  an ultra-luxury property with hardwood floors, massive windows and a large balcony with sweeping views of the Miami ... more

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