The Real Deal Miami

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

Top deal was for Bal Harbour unit with sweeping ocean views

July 05, 2016 02:15PM
By Sean Stewart-Muniz

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UPDATED July 6 9:59 a.m.: While most of Miami was gearing up for Fourth of July barbecues and fireworks, a handful of realtors were making sure their weekends started with a bang.

Condo sales for Miami-Dade County hit $50 million — a significant decline from the nearly $92 million blowout seen a week before — but there were still a handful of deals above $1 million.

At the top of the list was unit 1105 at the Majestic Tower in Bal Harbour, which traded for $2.5 million. Gaston Miculitzki of Brightway Properties had the two-bedroom, three-bathroom unit on the market for 303 days before it closed at $1,157 per square foot. It boasts marble floors, renovated bathrooms, modern style and direct views of the ocean. Jaime Alfie of Turnberry International Realty brought the buyer.

Following that deal was the $2.35 million sale of a massive double condo in Williams Island. With five bedrooms, six bedrooms and 4,843 square feet, the unit’s purchase price breaks down to about $485 per square foot. Dean Dworkin of Williams Island Realty had the condo on the market for 141 days before closing. It boasts a range of plush features like crown molding, white marble floors and electric window shades.

And the week’s third-priciest sale was a penthouse at Miami Beach’s Bel-Aire condo tower. The unit has four balconies, direct ocean views and a spacious three-bedroom, two-bathroom floor plan. The unit closed for $1.89 million, or roughly $821 per square foot. Chris Dreyfuss and Dario Stoka of Brown Harris Stevens | Zilbert handled the deal for the seller, while Al Bader of International Brokers Realty brought the buyer.

After those top three deals, the county’s remaining seven most expensive condo trades ranged from $1.485 million to $950,000 million.

A total of 142 condos were sold in Miami-Dade last week, bringing in a volume of $50.27 million. Though the amount of units trading between weeks was virtually unchanged, dollar volume for the previous week was roughly $41.6 million higher. Average prices were $354,079 per unit and $265 per square foot.

Here’s a breakdown of the data for the week of June 26 to July 2. Click on the map for more information: CondosandProperty_Updated

Most expensive
Majestic Tower unit 1105, Bal Harbour | $2.5M | $1,157 psf | 303 days on market | Gaston Miculitzki of Brightway Properties

Least expensive 
Brickell Place unit TH19, Brickell | $950,000 | $517 psf | 154 days on market | Hernan Rodriguez of HR 19 Realty

Most days on market
The Oceansound unit 830, Key Biscayne | 583 days on market | $1.24M | $615 psf | Douglas Kinsley of Fortune International Realty

Least days on market
L’Excellence unit 1506, Miami Beach | 89 days on market | $1.3M | $656 psf | Jenifer Caplan of Caplan Realty Group