The twin towers of Ariel Dunes are located in Miramar Beach with an outstanding location right off Scenic Gulf Drive. They have a very sophisticated urbane design, crowned with classic columned porticoes which resemble Greek styled temples which are dramatically up lighted at night. Both towers sit back about 200 yards from the 2,000 linear feet of the shimmering crystal sand beach it shares with the Majestic Sun. There are five gigantic swimming pools throughout the complex with an amazing 23,000 square feet of watery refreshment. Two of them extend around the base of Ariel Dunes I with a “zero entry” at the shallow end which is great for kids since it also has a mushroom shaped waterfall that splashes down into the pool below. Three pools behind Ariel Dunes II have views across a lovely lagoon and golf course. A poolside restaurant and a state of the arts remodeled Fitness Center is also on site.
Each luxurious property is worthy of pampered residential living but many are on lucrative rental programs. They have nine foot ceilings and an eight foot tall sliding glass door in the living area with sweeping views from the balconies across the glistening gulf. Some have balcony access off the Master Bedrooms. All of these furnished units are upscale with gleaming granite counter tops and full open kitchens with breakfast bars. The spacious combined dining and living areas are usually fashionably appointed with comfortable furnishings.
During the past twelve months 51 units have sold here closing at $152,000 for a one bedroom 732 square foot unit up to $520,000 for a four bedroom 2,216 square foot property. The average price for those that sold came in at $296,840 or at $256.72 per square foot. Average market time was 173 days from listing to sale and contract closing.
At the present time there are eight additional units under contract and pending a closing listed from $214,500 for a one bedroom 732 square foot unit up to $449,900 for a three bedroom unit with 1,558 square feet.
Currently 42 condominiums are for sale which is about 20% less inventory than the amount sold in the previous twelve months which places an impetus on stable rising prices. These include as follows: Seven with one bedroom at 732 square feet priced from $199,000 to $237,000; Twenty-one two bedroom units with 1,175 square feet priced from $270,500 to $337,900; Thirteen with three bedrooms and 1,588 square feet ranging from $339,900 to $599,000 and One with four bedrooms 2,216 square feet priced at $599,000. The average list price comes in at $328,383 for those currently on the market which comes in at $260.78 per square foot.
Currently 42 condominiums are for sale which is about 20% less inventory than the amount sold in the previous twelve months which places an impetus on stable rising prices. These include as follows: Seven with one bedroom at 732 square feet priced from $199,000 to $237,000; Twenty-one two bedroom units with 1,175 square feet priced from $270,500 to $337,900; Thirteen with three bedrooms and 1,588 square feet ranging from $339,900 to $599,000 and One with four bedrooms 2,216 square feet priced at $599,000. The average list price comes in at $328,383 for those currently on the market which comes in at $260.78 per square foot.
Interest rates still remain historically low for the time being and prices are rising due to decreased inventory so this is an opportune time to consider purchasing properties such as these. The winter season is also a good time to see them since spring and summer rental properties may not be easily available for a tour since they are usually occupied. Call us about Ariel Dunes Real Estate to schedule a tour and receive more information. We look forward to being of help!
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