The Real Deal Miami

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

Top deal was for South Beach unit with ocean views

June 20, 2016 04:30PM
By Sean Stewart-Muniz

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With no pricey developer units entering the MLS, condo sales volume in Miami-Dade County fell by nearly $10 million last week. A handful of resales still broke the $2 million price barrier, though, including an ultra-modern unit in South Beach.

Last week’s priciest deal was for unit 2202 in the Murano at Portofino complex in South Beach. Boasting three bedrooms, three bathrooms and ocean views, the unit fetched $4 million after spending 226 days on the market with Vincent Pinto of RelatedISG. The purchase price breaks down to $1,527 per square foot. Some of the condo’s features include marble floors, two oversized balconies and a large eat-in kitchen with modern appliances.

Next on the list was penthouse 5501 at the Trump Royale in Sunny Isles Beach, which sold for $2.6 million, or about $862 per square foot. Linda Gustafson of One Sotheby’s International Realty listed the condo for 319 days before closing. The name of the game for this three-bedroom, three-bathroom unit is “opulence.” Its bathrooms are decked out in exotic marble, the large terrace has its own Jacuzzi, the condo has two fireplaces and its chef’s kitchen is “perfect for entertaining,” according to the listing description.

And the week’s third-priciest deal — also its last above $2 million — was for penthouse 17c at the Gables Tower in Coral Gables. First listed by Helen Nicastri of Coldwell Banker in April 2015, the unit traded for $2.1 million, or about $677 per square foot, after spending 440 days on the market. The three-bedroom, three-bathroom unit has views of Biscayne Bay, wood floors, Venetian plaster finishes and a custom kitchen.

Following those top three deals, the week’s top 10 most-expensive condo sales were rounded out with deals ranging between $1.45 million and $775,000.

The county saw a total of 137 condo sales last week for $45.215 million. That’s a volume drop of nearly $10 million from the previous week, which also had 10 more closings. Average prices were $330,040 per unit and $240 per square foot.

Here’s a breakdown of the data for the week of June 12 to June 18. Click on the map for more information: CondosandProperty_Updated

Most expensive
Murano at Portofino unit 2202, South Beach | 226 days on market | $4M | $1,527 psf | Vincent Pinto of RelatedISG

Least expensive 
Commodore Club South unit 812, Key Biscayne | 134 days on market | $775,000 | $615 psf | Linda Chehab of Fortune International Realty

Most days on market
Gables Club Tower ph17c, Coral Gables | 440 days on market | $2.1M | $677 psf | Helen Nicastri of Coldwell Banker

Least days on market
Oak Lane unit 7471, Miami | 46 days on market | $1.15M | $393 psf | Monica Betancourt of Esslinger Wooten Maxwell