The Real Deal Miami

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

Last week's top deal was for furnished oceanfront unit in the Continuum South Tower

March 28, 2016 01:30PM
By Sean Stewart-Muniz

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Miami-Dade County’s condo market held steady last week, with only a slight dip in sales volume from the week before. On top of that, every one of the county’s 10 priciest deals reached above $1 million.

Jeff Miller’s listing at the Continuum South Tower took last week’s top spot with its $3.2 million price point. Miller, of Brown Harris Stevens Zilbert, had marketed unit 1409 at the South Beach tower for 135 days before closing at $2,006 per square foot. Besides the included furnishings, the three-bed, three-bath unit boasts ocean views, two parking spots and a wraparound balcony.

Next on the list was the $2.9 million sale of unit 928 at the W South Beach Residences. Aires Balieiro of ISG had the two-bedroom, two-bathroom condo-hotel unit on the market for 382 days before it closed at $2,148 per square foot. The corner unit came with furnishings and featured ocean views and modern finishes.

The week’s third priciest deal was for unit 2004 at the Asia complex on Brickell Key. The three-bedroom, four-bathroom residence closed at $2.375 million after spending 123 days on the market. Sigfredo Henriquez of Elite Sales Group had the listing for this waterfront residence, which traded for $902 per square foot.

In the No. 4 spot was unit 1210 at the Majestic Tower in Bal Harbour. The three-bedroom, three-bathroom unit closed at $2.275 million after 186 days on the market with Anita Bigelman of Harding Realty. Barry Beschel of Beachfront Realty represented the buyer for this waterfront sale, which closed at $974 per square foot.

After those top four sales, the rest of Miami-Dade’s top 10 deals ranged in price from $2.05 million to $1.05 million. This is the first time in several weeks that the county’s priciest deals all hit above $1 million.

Miami-Dade as a whole saw 91 deals close last week for a total of $39.334 million. That’s a slight $2.42 million dip from the previous week, which had 31 more sales. Average prices were $432,251 per unit and $330 per square foot.

Here’s a breakdown of the data for the week of March 20 to March 26. Click on the map for more information: CondosandProperty_Updated

Most expensive
Continuum South Tower #1409, South Beach | $3.2M | $2006 psf | 135 days on market | Jeffrey Miller of Brown Harris Stevens Zilbert

Least expensive 
The Pinnacle #2604, Sunny Isles Beach | $1.05M | $660 psf | 127 days on market | Francis Miville of Francis Miville Realty

Most days on market
Key Colony Two #543, Key Biscayne | 537 days on market | $1.35M | $837 psf | Douglas Kinsley of Fortune International Realty

Least days on market
The Pinnacle #1008, Sunny Isles Beach | 24 days on market | $1.5M | $659 psf | Alvaro Minor of Optimar International Realty