The Real Deal Miami

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

Most expensive deal was for a unit at Il Villaggio: $2.95M

August 09, 2016 08:45AM
By Katherine Kallergis

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While the end of July carried the weight for Miami-Dade’s condo market for that month, the beginning of August marked another slow week for condo sales.

Last week’s top deals were led by a beachfront unit at Il Villaggio in Miami Beach. With two bedrooms, 2.5 bathrooms and a custom Italian kitchen, unit 1204 fetched $2.95 million, or a whopping $1,777 per square foot – the highest per-square-foot price hit last week. Janice Christensen of Douglas Elliman had the unit on the market for 246 days before closing.

Following that sale was penthouse unit 3E/F at the New Wave condo complex in Miami, which sold for $1.34 million. David Pulley, also of Douglas Elliman, had the listing for combined penthouse, a three-bedroom, 2.5-bathroom unit with an 1,800-square-foot terrace. The deal, which closed after 107 days, breaks down to $583 per square foot.

And the third most-expensive deal was for unit D1008 at the Towers of Key Biscayne. After listing the unit for 142 days, Maureen Jauregui of Fortune International Realty closed the sale at $1.25 million. The two-bedroom, two-bathroom unit’s purchase price equates to $701 per square foot.

Following those top three deals, the remaining seven of last week’s priciest deals ranged from $1.15 million to $800,000. Half of the top 10 deals were more than $1 million.

After a slow July, Miami-Dade’s condo market entered August with 119 sales and $40.5 million transaction volume. The previous week saw a volume of 148 sales and $43.8 million. Average prices were $340,708 per unit and $255 per square foot.

Here’s a breakdown of the data for the week of July 31 to Aug. 6. Click on the map for more information: CondosandProperty_Updated

Most expensive
Il Villaggio #1204, Miami Beach | $2.95M | $1,777 psf | 246 days on market | Janice Christensen of Douglas Elliman

Least expensive 
Castle Beach Club #BTH2, Miami Beach | $800,000 | $746 psf | 95 days on market | Ray Betancourt of Keyes Company

Most days on market
Epic Residences #4008, downtown Miami | 434 days on market | $850,000 | $567 psf | Barbara Elmir of Cervera Real Estate

Least days on market
Blue Condo #1812, Miami | 68 days on market | $817,500 | $437 psf | Mark Mattsson of Esslinger Wooten Maxwell