Executive Managing Director Calum Weaver Will Represent BC Caribbean LLC in the Disposition of 78 Units at Caribbean Isle Villas
Cushman & Wakefield announced today that it has been named exclusive marketing advisor for 78 condominium units at Caribbean Isle Villas in Homestead, FL.
Executive Managing Director Calum Weaver was selected by Miami-based investor BC Caribbean LLC to manage the disposition process. Weaver is marketing 78 of the 252 total units in the condominium community.
Caribbean Isle Villas was built in 2007 and remains extremely well-maintained with a fully funded and ably managed homeowners’ association. The property features one of South Florida’s largest lagoon-style pools.
The available units comprise 52 two-bedroom/two-bathroom units, averaging 1,048 square feet, and 26 three bedroom/two-bathroom units, averaging almost 1,200 square feet. The for-sale units total 85,575 square feet, averaging a spacious 1,100 square feet per unit, and are 100 percent occupied.
Caribbean Isle Villas’ location at 2700 Pacific Boulevard NE offers immediate access to Florida’s Turnpike and is less than one mile from Baptist Health’s Homestead Hospital, one of Homestead’s largest employers.
According to Weaver, Caribbean Isle Villas offers investors the opportunity to acquire a significant block of high-quality residential product at prices well below replacement cost in one of South Florida’s most performant markets.
“There is a shortage of housing stock in Miami-Dade County that is less than 10 years in age and can be purchased for less than $250,000,” explained Weaver, who reports comparable condominium sales in the market at $150 per square foot. “More families are moving to the Homestead market as it remains one of the only places to acquire or rent newer product at more favorable terms.”
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