The Real Deal Miami

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

Top deal was for European businessman's $7.5M pied-à-terre in Miami Beach

August 15, 2016 05:15PM
By Sean Stewart-Muniz

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Miami-Dade County’s market continued its slow-but-steady pace during the second week of August, with a handful of multimillion dollar deals rounding out an otherwise average seven days.

At the top of the list was a unit at Beach House 8, Ugo Colombo and Valerio Morabito’s newly built boutique condo project in Mid-Beach. Unit 600, which spans a whole floor, traded for $7.5 million to a European businessman. Douglas Elliman’s Chris Leavitt, who represented the buyer, said he’s planning to use the four-bedroom, four-bathroom unit as a pied-à-terre. Measuring 3,783 square feet, the prices breaks down to $1,982 per square foot. Daniela Bonetti of ONE Sotheby’s International Realty represented the developer.

In second place was Penthouse 3105 at the Peninsula II building in Aventura, which sold for $2.8 million after spending 378 days on the market with Douglas Elliman’s Chad Carroll. The unit features six bedrooms, six bathrooms, an open floor plan and bay views through floor-to-ceiling windows. The deal breaks down to $506 per square foot.

And the third-priciest deal, coming in at $2.2 million, was for unit 202 at the One Bal Harbour tower in its namesake village. Mother and daughter duo Jill and Hillary Hertzberg from Coldwell Banker had the two-bedroom, two-bathroom unit on the market for 264 days before it closed at $1,150 per square foot. It boasts modern finishes, a chef’s kitchen and direct ocean views.

After those top three deals, last week’s top 10 priciest condo sales ranged from $2.1 million to $825,000.

Miami-Dade saw 119 condos sell for a total of $50.27 million. That’s a considerable jump in transaction volume from the previous week’s $40 million haul, though it’s still relatively low compared to several blowout weeks in previous months that saw sales reach as high as $90 million. Average sales were $422,519 per unit and $287 per square foot.

Here’s a breakdown of the data for the week of August 7 to August 13. Click on the map for more information: CondosandProperty_Updated

Most expensive
Beach House 8 #600, Miami Beach | $7.5M | $1,982 per square foot | Daniela Bonetti of ONE Sotheby’s International Realty

Least expensive 
South Pointe Tower #309, South Beach | $825,000 | $868 psf | 68 days on market | Michael Feuling of Miami Investment Property

Most days on market
Atlantic One at the Point #1004, Aventura | 481 days on market | $1.275M | $401 psf | Mariana Solano of RSVP Homes Realty

Least days on market
Ocean Place #8i, South Beach | 62 days on market | $1.4M | $1,292 psf | David Pulley of Douglas Elliman