The Pointe, a 320-unit rental community in Miami is turning condo.
The Florida office of ARA (Apartment Realty Advisors) has disclosed the sale of The Pointe, located at 17460 NW 67th Court in Miami. The ARA said Noah Breakstone, of Miami-based Breakstone Homes, and Luis Machado, of Renegade Investments, bought the property.
The Pointe has of 22 two-story apartment buildings and a clubhouse/leasing center, ARA said.
Amenities include fully appointed kitchens, a washer and dryer and walk-in closets, the company noted. Community amenities include a swimming pool with a spa, two lighted tennis courts, fitness center, sauna and indoor racquetball.
ARA said The Pointe’s units will be priced “well below” the median home price in Miami-Dade County, which it said was $381,600 as of November.
• Miami Beach Real Estate
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