The Real Deal Miami

The week in luxury: A map of Miami-Dade’s priciest condo sales

An interactive look at where the biggest deals were struck

January 11, 2016 05:15PM
By Sean Stewart-Muniz

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We’re already two weeks into the new year, but Miami-Dade County’s condo market continues to hang in a holiday slump. Only one closing last week pushed into the multimillion dollar range, with five more breaking $1 million.

The week’s most expensive sale was also its slowest: Unit 2901 at Aventura’s Porto Vita complex traded for $3.575 million after spending 221 days on the market. That’s about $695 per square foot. Some of its features include 12-foot ceilings, a private elevator foyer, all-white modern style and ocean views. Karen Matluck of ICS Realty had the listing.

On the same day that sale closed, Rene Bushel Gioia of Scott Hess Associates was sealing a $1.95 million deal for a listing at the South Pointe Towers in ritzy South Beach. Gioia had unit 2303 on the market for 66 days before it closed at a sizable $1,543 per square foot. The corner residence boasts marble floors, a large terrace, plus 180-degree views of the ocean and Fisher Island.

And Miami-Dade’s third-most expensive sale last week was for a unit in the Aqua at Allison Island complex in Miami Beach. Unit 6110 spent 157 days on the market under Egor Tatarenko of Miami Sun Realty before it closed at $1.85 million, or about $363 per square foot.

Out of the county’s 10 priciest condo sales last week, the remaining seven ranged between $1.6 million and $620,000.

Miami-Dade saw 81 condo sales last week for a total of $29.1 million. The market has mostly held steady at that sales volume for the last three weeks, which saw a severe slump in activity due to the holiday season. The previous week had 99 sales for $31.2 million.

Here’s a breakdown of the data for the week of January 3 to January 9. Click on the map for more information: CondosandProperty_Updated

Most expensive
Porto Vita, Aventura | $3.575M | $695 psf | 221 days on market | Karen Matluck of ICS Realty

Least expensive 
Turnberry Isle, Aventura | $620,000 | $328 psf | 133 days on market | Gloria Etzion of SMK Realty & Investments

Most days on market
Porto Vita, Aventura | 221 days on market | $3.575M | $695 psf | Karen Matluck of ICS Realty

Least days on market
Tiffany, Bal Harbour | 38 days on market | $929,900 | $434 psf | Mark Matchett of MDZ Realty

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