The Real Deal Miami

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

Top deal was for luxe condo at newly built Miami Beach project

June 13, 2016 03:00PM
By Sean Stewart-Muniz

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Up one week and down the next.

Sales volume in Miami-Dade County’s condo market last week dipped significantly compared to the week prior, though the county’s 10 most expensive deals were still well-rounded with multimillion-dollar sales.

At the top of the list was a closing at Beach House 8, Ugo Colombo and Valerio Morabito’s newly built boutique condo building in Miami Beach. Unit 200 — the largest of the project’s eight units, besides the duplex penthouse — traded for $5.625 million. One Sotheby’s International Realty handled sales for the project and fetched $1,486 per square foot for this unit, which boasts four bedrooms, four bathrooms and 2,899 square feet of terraces.

Following that trade was Eloy Carmenate of Douglas Elliman’s closing of unit 703 at Il Villagio in Miami Beach. The two-bedroom, two-and-a-half bathroom unit was first put up for sale in November and spent 218 days on the market before closing at $2.92 million. Some of its features include views of the ocean and Lummus Park, luxe finishes like marble bathrooms and a gourmet kitchen.

And the week’s third-priciest deal was for unit 8 in the Almeria Row townhouse development in Coral Gables, which sold for $1.849 million. The four-bedroom, four-and-a-half-bathroom unit was on the market for 577 days with Paola Garcia-Carrillo of Residence Realty before closing at $411 per square foot. It boasts oak floors, a coral stone entryway, an indoor courtyard and European-style bathrooms.

After those top three deals, Miami-Dade’s other seven most-expensive condo sales ranged between $1.825 million and $1.015 million.

The county saw a total of 147 condo sales last week for $54.34 million. That figure dipped by roughly $19 million compared to the previous week, when 166 condos sold for $73.8 million. Average prices were $369,659 per unit and $283 per square foot.

Here’s a breakdown of the data for the week of June 5 to June 11. Click on the map for more information: CondosandProperty_Updated

Most expensive
Beach House 8 unit 200, Miami Beach | $5.625M | $1,486 psf | Daniela Bonetti of One Sotheby’s International Realty

Least expensive 
1800 Club unit 4201, Arts & Entertainment District | $1.015M | $359 psf | 233 days on market | Anays Robles of Robles International Realty

Most days on market
Oceania Tower IV unit 2341, Sunny Isles Beach | 773 days on market | $1.1M | $365 psf | Jessica Grasso of Oceania Real Estate

Least days on market
Fontainebleau II/Tresor unit 3015, Miami Beach | 134 days on market | $1.35M | $1,226 psf | Michele Redlich of Coldwell Banker