700 NE 24th St #4405, Miami, FL 33137

A view of Biscayne Bay from the 44th floor. A new tower in a neighborhood remaking itself. A contract signed before the first wall was poured.

This residence on the 44th floor of Aria Reserve was a purchase made on paper, long before it was a home made of concrete and glass. Representing the buyer, Sergey Alenin began not with renderings, but with the developer’s contract. The work was in comparing its terms against those of other new bayfront towers in Edgewater, analyzing the deposit structure and payment schedule, and understanding the restrictions on assignment and resale. The choice of floor and exposure was also a calculation, made with an eye toward future competition from the developer’s own unsold inventory. The transaction closed at $1,695,900. It was a property acquired with the terms fully understood, not simply a view admired from a distance.

A developer’s rendering shows a future home. The contract shows the terms of its purchase. The latter often matters more.