The Real Deal Miami

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

Top deal was for two-level penthouse in South Beach

May 31, 2016 06:00PM
By Sean Stewart-Muniz

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Miami-Dade County’s condo market held mostly steady last week, with sales volume barely budging from the previous week and a well-rounded handful of multimillion-dollar closings rounding out the list of top 10 priciest condo sales.

Last week’s biggest deal was the $3 million sale of penthouse 2407 at the South Pointe Tower in South Beach. With two levels, three bedrooms and three bathrooms, the unit fetched nearly $1,345 per square foot after spending 144 days on the market with listing agent Michael Feuling of Miami Investment Property. The unit boasts 20-foot ceilings and a 600-square-foot terrace, though its listing description said the unit “is in original condition and in need of renovation.”

Following that closing was the $2.2 million sale of unit 1506 at the 7000 Williams Island building in Aventura. Luiz Correa of Decorus Realty had the massive six-bedroom, seven-bathroom on the market for 63 days before closing at $418 per square foot. The double-unit has balconies for every bedroom, modern appliances, marble floors and bay views.

And last week’s third-priciest sale was for unit 1002 at the Aqua complex in Miami Beach. Nancy Batchelor of Esslinger Wooten Maxwell closed the $1.62 million deal after it spent 114 days on the market. The two-bedroom, two-and-a-half-bathroom unit has views of the Intracoastal Waterway through floor-to-ceiling windows, modern appliances and 12-foot ceilings. Its price breaks down to $713 per square foot.

After those top three deals, the week’s remaining seven most-expensive sales ranged in price from $1.6 million to $906,000.

Miami-Dade saw 170 condo sales last week for a total of $57.380 million. Though 12 more condos were sold than the previous week, dollar volume was down by roughly $2.11 million. Average prices were $337,530 per unit and $258 per square foot.

Here’s a breakdown of the data for the week of May 22 to May 28. Click on the map for more information: CondosandProperty_Updated

Most expensive
South Pointe Tower penthouse 2407, South Beach | $3.3M | $1,347 psf | 144 days on market | Michael Feuling of Miami Investment Property

Least expensive 
Normandy unit 187-6, Miami Beach | $906,000 | $415 psf | 223 days on market | Darryl Fox of One Sotheby’s International Realty

Most days on market
The Courts unit 10015, South Beach | 288 days on market | $1.205M | $576 psf | Mario Ojeda of Ojeda Lazar Real Estate

Least days on market
Belle Towers unit 6f, Bell Isle | 36 days on market | $1.295M | $1,193 psf | William Hahne of Hahne Real Estate