The Real Deal Miami

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

Most expensive purchase was for waterfront Key Biscayne unit with formal dining room

March 21, 2016 03:00PM
By Sean Stewart-Muniz

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For much of the new year, Miami-Dade County’s condo market has fluctuated between highs and lows in terms of sales volume week-to-week. Last week was no different: sales dipped, with only a handful passing the $1 million mark.

The week’s most-expensive deal was for a waterfront residence at the Ocean Tower I building in Key Biscayne. Unit 1101, with its three bedrooms and bathrooms, fetched $3.27 million, or $1,085 per square foot, after spending 183 days on the market with Douglas Kinsley of Fortune International Realty. The unit boasts ocean views, a formal dining room and marble floors

In second place was the $2.1 million sale of Penthouse 5 at the Sunset Harbour North complex in Miami Beach. After being listed for 135 days with Juan Pulido of Parinvest, the sale closed at $817 per square foot. Some of the three-bedroom, three-bathroom home’s features: two private balconies, a modern kitchen and views of downtown Miami.

And the week’s third priciest deal — also its longest on the market — included unit 908 at the Jade Ocean tower in Sunny Isles Beach. The three-bedroom, three-bathroom corner unit was for sale for more than a year with Gabriel Souza of Ictus Realty before closing at $1.8 million, or $632 per square foot. According to its listing, the unit came with roughly $400,000 worth of furnishings and decorations. It boasts a modern kitchen and beach views.

After those top three sales, the week’s most expensive deals ranged in price from $1.53 million to $760,000.

Miami-Dade as a whole had 122 condo sales last week for $41.75 million. That’s a $6 million drop from the previous week, which also saw 23 more units close. Average prices were $345,046 per unit and $264 per square foot.

Here’s a breakdown of the data for the week of March 13 to March 19. Click on the map for more information: CondosandProperty_Updated

Most expensive
Ocean Tower I, Key Biscayne | $3.27M | $1,085 psf | 183 days on market | Douglas Kinsley of Fortune International Realty

Least expensive 
The Cosmopolitan, South Beach | $760,000 | $635 psf | 72 days on market | Massimo Palombo of Beachfront Realty

Most days on market
Jade Ocean, Sunny Isles Beach | 364 days on market | $1.8M | $632 psf | Gabriel Souza of Ictus Realty

Least days on market
Palm Bay Tower, Upper East Side | 66 days on market | $820,000 | $438 psf | Jack Coden of Keller Williams

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