The Real Deal Miami

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

Top deal was for Key Biscayne condo with ocean views

September 27, 2016 12:00PM
By Sean Stewart-Muniz

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What started as a slow September for Miami-Dade County’s condo market gradually picked up steam. Last week, the county recorded an $8 million boost in sales volume, plus a sizable $7 million deal rounding out the list of Miami-Dade’s top 10 priciest condo trades.

The week’s top spot went to unit 1008 at the Ocean Club complex in Key Biscayne. Its ocean views through floor-to-ceiling windows and modern style fetched $7 million after spending 81 days on the market with Carlos Coto of ONE Sotheby’s International Realty. The price for this four-bedroom, five-bathroom unit breaks down to $1,344 per square foot.

Coming in at No. 2 was unit 2243 at Fisher Island’s Bayside condo, which sold for $2.9 million. Robert Vole of brokerage The Island had the four-bedroom, four-bathroom penthouse on the market for 122 days before it traded at $1,014 per square foot. It features ocean views, a sun deck and marble floors.

And the week’s third-priciest deal belonged to Christopher Blackman of Ocean Club Realty, who closed on the $2.9 million sale of unit 901 at Key Biscayne’s Ocean Club complex after only 47 days. The recently remodeled unit has modern style, two terraces, plus views of both the ocean and Biscayne Bay. Its price equates to $1,039 per square foot.

Following those top three deals, the remainder of Miami-Dade’s top 10 most-expensive condo sales ranged between $2.85 million and $1.3 million. Last week was the first week in several months that all 10 units in the list sold above $1 million.

Miami-Dade recorded 131 condo sales last week for a total of $56 million. Though that’s five fewer sales than the previous week, overall volume was up by $7.84 million. Average prices were $$428,115 per unit and $274 per square foot.

Here’s a breakdown of the data for the week of September 18 to September 24. Click on the map for more information: CondosandProperty_Updated

Most expensive
Ocean Club #1008, Key Biscayne | 81 days on market | $7M | $1,344 psf | Carlos Coto of ONE Sotheby’s International Realty

Least expensive 
Balmoral #6d, Bal Harbour | 202 days on market | $1.2M | $669 psf | Richard Goihman of Douglas Elliman

Most days on market
Turnberry Ocean Colony #2003, Sunny Isles Beach | 454 days on market | $2.85M | $724 psf | Olga Mirer of Atlantic VIP Realty Group

Least days on market
Ocean Club #901, Key Biscayne | 47 days on market | $2.9M | $1,039 psf | Christopher Blackman of Ocean Club Realty

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