Douglas Enclave in Little Havana Sells for $68 Million
The Astor Company has sold Douglas Enclave, a 199-unit apartment community located in the Little Havana neighborhood of Miami, for $68 million. This equates to roughly $341,708 per unit. The buyer was Tandel Group 6 Properties.
Manny Chamizo III of ONE Sotheby’s International Realty represented the seller, The Astor Company. On the buyer’s side, Victor Grumbaum of Keller Williams and Frank Tomini of Sunny Florida Realty handled the transaction.
Douglas Enclave offers a range of amenities including a saline swimming pool and a fitness center. The community includes studio, one-bedroom, and two-bedroom residences ranging in size from 417 to 942 square feet. Rental prices span from $2,070 to $3,045 per month. Some residences come fully furnished, while select units offer patios and balconies. Townhome options are also available.
Astor has a strong development track record across Florida, Georgia, and Louisiana, with more than 1,100 condominiums and nearly 500 rental units completed. Notable Astor developments in Florida include Gateway in the Grove in Coconut Grove, Valencia in South Miami, Nordica in The Roads, Douglas Enclave and INTown in Little Havana, as well as Merrick Manor in Coral Gables.
