BE LUXURY: What Condos Can $1 Million Buy?

Helpful real estate advice for those looking to invest in a condo

Regardless of location, today the entry for luxury at $1 million is compromised in many metropolises in the U.S. and even international.

In coveted cities and areas, a million dollars now purchases less square footage and not as prime of an address or unit, but still quality finishes that although are not the top-of-the-line, have more enhanced shared amenities or offer accommodations to renovate.

Capitol Bespoke is official in Washington, D.C.:

  • $ 999,990 / $1,000 per sq ft
  • 1,000 sq ft
  • 1 bed / 1 bath

Key Features: Designed by architect, charcoal stain floors, floor-to-ceiling windows, European kitchen, closet and bath, fitness center, yoga studio, concierge, roof parks.

$1 Milion _Washington, D.C._T. Bernie

Wild west, yet wonderfully subdue in Los Angeles:

  • $ 1,050,000 / $640 per sq ft
  • 1,640 sq ft
  • 2 bed / 2 bath

Key Features: LEED certified, balcony, east-facing views, washer and dryer included, rooftop fitness center, infinity pool.

$1 Milion Condo_Los Angeles_T. Bernie

Northeast, bohemian chic in New York:

  • $ 1,000,000 / $1,186 per sq ft
  • 843 sq ft
  • 1 bed / 1 bath

Key Features: Duplex, loft, floor to ceiling windows, white stained floors, view of city landmark, Juliet balcony, laundry room.

$1 Milion _New York City_T. Bernie
(Image: Citi Habitats)

Views all day from the ocean to the bay on Miami Beach:

  • $ 1,050,000 / $718 per sq ft
  • 1,463 sq ft
  • 2 bed / 2 bath

Key Features: Waterfront, balcony, valet parking concierge, tennis court, summer kitchen, garden oasis.

$1 Milion Condo_Miami Beach_T. Bernie

Living the high, luxe life in Lagos:

  • $ 1,100,000 / $538 per sq ft
  • 2,045 sq ft
  • 2 bed / 2 bath

Key Features: Built on Atlantic Ocean, city views, rooftop pool, bar, and gym.

$1 Milion _Lagos_T. Bernie
(Image: Margins Scribe)

Here are three tactics to maximize purchases up to $1,000,000:

1. Adjust Expectations


Understand the market to know what’s in reach through independent online research and the knowledge of a real estate expert. After location, size, then features, and amenities factor into price. Prioritize trade-offs from neighborhood, less rooms, and floor number to unit line layout, directional exposure, architectural details, and upgrades. Decide the concessions upfront to proceed with a clear and realistic search.

2. Explore Elsewhere


Certain Northeast and West Coast cities are known for exorbitant prices, while certain Southwest and Southern cities are lower cost and market stable. Consider renting where you live and property purchase out of state if there is better ROI; price-to-rent ratio by city is an easy reference tool. A multi-family can be more favorable in securing a loan and generate income over the mortgage, whether or not it is owner occupied.

3. Get Intel


Receive options that fit your criteria by both creating account searches on reputable sites and hiring professionals, such as a real estate advisor and property manager, for market insights and insider information not readily accessible via Internet.

T. Bernie is an aesthetic entrepreneur serving clients as a real estate advisor on the mTkalla Team | Compass of downtown, luxury spaces and as a public relations strategist to beauty and lifestyle brands. Jamaican born, Florida raised, and New York City made, she relocated back, and is a go-to for New Miami chic as well as live-work-play between the two cities.
#LiveBeauty @lipstickandpropertyvalue

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