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Ten Museum Park

Address:  1040 Biscayne Blvd
Area:  Downtown Miami
Year Built:  2007
Floors:  50
Price Range:  $3,000-$6,850,000
Status:   Re-Sales
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Building Description

The Ten Museum Park building vividly stands out with its unique crystalline architectural style that ascends brilliantly into the sky and faces the radiantly cerulean Biscayne Bay.  Tentatively scheduled to open its doors this year, Ten Museum Park will stand amongst already distinguished and in demand condominium structures like the currently in development ICON Brickell and the first class Four Seasons Miami.

The features and amenities at Ten Museum Park will be some of the most abundant and luxurious in all of South Florida.  For the foreseeable future, Ten Museum Park will be the only condominium in the area that boasts a hugely expansive luxury spa facility and pleasure garden by Clinique.  An outside café, restaurant and office spaces are also some of the largest you'll find in downtown Miami and they all offer wonderful views of Miami's Biscayne Bay.  Individual spa pavilions are also dedicated to offering a specific treatment ranging from aromatherapy to relaxing massages.  All this excitement is complemented by 24 hour concierge and security services.

More than 150 units offer excellent city and waterfront views from their terraces and feature ceilings that escalate over five feet in length.  Throughout each residence you'll find floor-to-ceiling windows and touch panel displays for communicating with the building's multitude of services.  Within the bathrooms you'll notice elegant spa showers, name brand bidets, toilets and wash basins, and fixtures by Dornbracht.  Inside the kitchens you'll have the convenience of stainless steel appliances by Miele.  A residence at Ten Museum Pak will set you back anywhere from $300,000 to over three million dollars.

Miami is home to one of the largest and busiest international airports in the country.  Ten Museum Park is located approximately eight minutes away from the airport in addition to being equally situated near Lincoln Road and Ocean Drive in Miami Beach, Miami's two most popular locations for tourists and residents.  The city of Coral Gables is one of Miami's more upscale areas and is home to Miracle Mile and the recent Village at Merrick Park, two great areas renowned for their hip shops and boutiques and palatable dining establishments.  The condominium's highly desirable position means areas like Coconut Grove and Bayside are always just a brief walk or quick drive away.

Building Amenities

  • 24-hour valet
  • 24-hour security
  • Bar and lounge area measuring over 2,500 square feet
  • Eight infinity edge pools
  • Copious office space measuring over 19,000 square feet
  • Two lap pools
  • Individual architectural pavilions with specific spa treatments
  • Outdoor café and restaurant measuring 10,000 square feet in length
  • Four plunge pools
  • Exclusive VIP access to local hotspots and travel destinations
  • A colossal 25,000 square foot Clinique La Prairie spa with Pleasure Garden
  • Clinique La Prairie white glove service

Residence Features

  • 200 residential units
  • 10 foot ceilings
  • Floor to ceiling windows
  • Terraces with marvelous waterfront and city views
  • Convenient access to spa services from a touch display
  • Stainless steel Miele brand kitchen appliances
  • Spa-style bathroom showers with a range of settings
  • Dornbracht bathroom fixtures
  • Duravit brand water closets and bidets
  • Quadratic brand wash-basins

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Real Estate News
Updated: Monday, August 20, 2018

Boomers Still Drive Canadas Housing Market

Canadas baby boom generation isnt ready to stop buying and selling real estate, new data shows. In addition to purchasing their own primary and recreational homes, boomers are also helping millennials get into the market.

"Dont count them out yet -- baby boomers will impact Canadas housing market in a big way in the coming years, as another 1.4 million of this large demographic are expected to sell and buy real estate between now and 2023," says Phil Soper, president and CEO of Royal LePage. A survey by the company found that of those planning to buy a home within the next five years, 45 per cent will purchase a detached home, 32 per cent will most likely purchase a condo and 10 per cent are looking for a semi-detached home.

"Baby boomers affect the Canadian real estate market on multiple levels," says Brad Henderson, CEO of Sothebys Realty International of Canada. "As direct consumers who drive housing demand and product mix, as arbiters of market confidence and as indirect influencers through their financial support of the next generation of homebuyers."

A recent Re/Max study found that 91 per cent of popular Canadian recreational markets are being driven by retirees. "Combined with the fact that Canadas senior population is the largest it has ever been, and many of these retirees are using recreational properties as retirement properties, pricing has increased across the majority of markets," says Christopher Alexander, EVP and regional director at Re/Max Integra.

This is making it tougher for younger buyers. Re/Max says brokers in B.C. expect the market to shift from retirees to younger buyers within the next two to five years, while in Ontario the two age groups are competing for recreational properties.

Recently Point2 Homes conducted a study that found most millennials greatly underestimate the amount of money they will need for a down payment on a home. The national average down payment is about 25,000 but 30 per cent of millennials say they have less than 10,000 in savings and 10 per cent said they have no savings at all.

The survey says 66 per cent of millennials interested in buying a home want to do so within the next year, but 35 per cent say they are saving less than 10 per cent of their income each month and 30 per cent of respondents say they only save between 10 and 20 per cent.

The report concludes that even if they can save 20 per cent of their income each month, millennials starting from scratch would need between 14 and 35 years to save enough for a down payment in the countrys seven most expensive markets, including five Metro Vancouver communities and Oakville and Richmond Hill in Ontario.

It would take about 4.6 years to save enough in Toronto. But on the bright side, there are 40 Canadian cities where millennials could save for a down payment in less than a year, led by Timmins, Ont. Other cities in this group include Quebec City, Edmonton, Halifax, Gatineau, Que., Regina and Saskatoon, Sask.

However, the Point2 report says the majority of millennials do not yet meet the minimum requirements to qualify for a down payment on a home. Thats where their boomer >A Sothebys report from data gathered last year says one-third of boomers in Canadas four major metropolitan centres plan to, or have already, given a living inheritance to help >Calgary boomers are apparently the most generous, with 41 per cent of boomers planning to help >The median amount gifted for real estate is between 25,000 and 50,000. The median age of those receiving the gift is 30 to 34. Forty-four per cent of those receiving the gifts would not have been able to make their home purchase without the help, and one-third of givers say that without the gift, the beneficiary would not have been able to secure a conventional mortgage.

Royal LePages 2017 research "into the largest group of first-time home buyers in Canada, which we call the peak millennials, showed many were roosting in the family nest well beyond the traditional age of exit," says Soper. He says the new boomer survey confirmed that boomers are allowing their children to stay at home well into adulthood, but "they wont stay forever, and when they go, the folks are going to go condo shopping."

Royal LePage says that the boomers who are buying homes for themselves are interested in smaller cities and recreational areas. "This large segment of our population views our big cities as generally unaffordable for retirement purposes," says Soper.

The survey found that 77 per cent of boomer homeowners have paid off more than 50 per cent of their mortgage and 61 per cent have paid off more than 90 per cent.

"This is a generation that deeply values home ownership and very much wants their children to have the same opportunity," says Soper.
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Code Of Ethics: Its Not The Boy Scout Oath

Some years ago, I participated in a meeting of NAR National Association of REALTORSreg; directors from our state. To put it mildly, we -- a sizeable group -- were being admonished with respect to what had become a common problem. That is, too many directors were guilty of leaving meetings early, having made travel arrangements that were a convenient and b predictably incompatible with the likely time for adjournment. One of the directors there scolded the guilty ones because they, as REALTORSreg;, were supposedly committed to a Code of Ethics and, su>In previous writings we have tried to show that the Realtorreg; Code of Ethics is not simply an arbitrary set of rules, disconnected from everyday morals and ethics, meant to govern the behavior of REALTORSreg; as they pursue their profession. Rather, the Code, so to speak, grows out of our everyday ethical codes. It gives application of general ethical imperatives to the out-of-the-ordinary and specific situations found in the transaction of real estate business.

In that respect, the Realtorreg; Code is similar to other professional codes that are designed to give guidance to those who find themselves in ethically-charged situations not experienced in everyday life.

The Realtorreg; Code, like other professional codes, is intended to supplement general ethical principles, not to supplant them. It is not the Boy Scout Oath. It does not, like that oath, require that its adherents be "morally straight." Confounding as it may be, its conceivable that a person could be a Code-compliant, professionally-ethical Realtorreg;, while all the while being a bit of a scound>Some years ago, a California Realtorreg; was found by a Hearing Panel to have violated Article 1 of the Code of Ethics. A buyers agent, he stole a bottle of wine from a listing. The act was recorded by a security camera. When contacted, the agent acknowledged his guilt and returned the bottle of wine. An Ethics Hearing found that the agents act violated the Article 1 duty to treat all parties to the transaction honestly.

My reaction to this true story is that, to be sure, he did something both morally and legally wrong, but doing something wrong is not in and of itself a violation of the Code of Ethics. Moreover, I did not think that the act of stealing from someone is not, by itself, an act of dishonesty. Certainly, dishonesty may be involved in some thefts. Hence, I think that this is an example of trying to make the Code do too much. And I think we should avoid that.

My dear friend and colleague, Duane Gomer, disagrees with me. He thinks it was a case of dishonesty, and that the Hearing Panel got it right. Now, Duane is a real estate educator and something of a guru. I always pay attention to what he says; but I cant agree with him on this one. What say you?
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Retirement Housing: Fixing Big Problems with Tiny Solutions

You go out and start searching for a home to last you through your golden years. Unfortunately, finding a place is much tougher than you expected. You look all over town only to discover that all the senior living options are either depressing or prohibitively expensive or both.

You agonize over the Sophiersquo;s choice of paying for housing or preserving your lifersquo;s savings for your family. When you finally move into your new senior living center, yoursquo;re treated like a child. You have to live under their rules. No pets. No alcohol. No overnight guests. No sweets. They decide when you wake up and go to sleep. In the final years of your life, yoursquo;ve lost your autonomy.

With such miserable alternatives, aging in place is surging in popularity. Perhaps for lack of other reasonable options, many seniors try to remain in their own homes as long as possible. Eleven million elderly Americans now live alone and those aging in place can suffer from social isolation. Lonely seniors are at increased risk for depression, dementia, and death. Since families are scattered far away, children worry whether grandma is lonely. Is she safe? Who will look after her if she falls ill?

Fortunately, hope is on the horizon: affordable tiny houses. Instead of a bleak retirement home or assisted living facility, now imagine living in your own, customized tiny house. Everything is ADA-compliant and designed for you. Doorways accommodate your walker, cabinets are a snap to open, and everything is within reach.

The commode, kitchen, and shower are fully accessible. Upper-level storage is automated and springs to life at the touch of a button. Pets, chocolate cookies, and overnight guests are allowed. It is your home, after all

You make the rules and preserve your dignity. Herersquo;s how it works. Geriatric specialists partner with builders to create a fleet of tiny homes tailored for seniors. They are designed from the ground up for folks with physical limitations. Then, each buyer is individually evaluated and the unit is further customized to his or her particular needs.

Finally, the houses are outfitted with easy to use sensors and voice assistants capable of calling family, monitoring the home, and contacting emergency services. Once the home is built, it can be transported to wherever yoursquo;d like to live. For instance, these homes can be installed in the yards of family members as a detached in-law unit.

Grandparents can live near grandkids, which is perfect for childcare or tea. Yet, everyone has their space and privacy. Alternatively, homes can be arranged as a senior living community complete with friends and activity centers. Senior loneliness can be a thing of the past Itrsquo;s time to think about customized and affordable tiny homes for our loved ones struggling with housing in their golden years.


Gregory Charlop is a technology pioneer, author, childrenrsquo;s physician, and social entrepreneur. He brings real estate and technology experts together to solve societys toughest problems. Greg is particularly focused on improving senior housing and is currently writing a book about technology and the future of the real estate industry.

Greg is the host of The Real Estate Flash, a free daily news and opinion flash briefing available on Amazon Alexa devices. Enable the Flash on your Alexa and check out the show

Greg is also CEO of Visionary Remodels. He is developing a real estate app that uses augmented reality to help real estate agents prepare homes for sale. You can check out Visionary Remodels anytime.

Greg is also a speaker at real estate and technology meetings. You can contact Greg on his LinkedIn page.

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1040 Biscayne Blvd Miami, FL 33132
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