The Real Deal Miami

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

Top deal was for $10M oceanfront unit at South Beach's Continuum complex

October 31, 2016 04:30PM
By Sean Stewart-Muniz

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Miami-Dade County’s condo market picked up just in time for Halloween, with sales volume and average prices showing significant gains last week — largely thanks to a huge closing at the Continuum complex in South Beach.

Leading the pack was the $10.5 million sale of unit 1606/0 at the Continuum South Tower, which sold after spending 79 days on the market with Linette Guerra of La Playa Properties Group. The four-bedroom, 4.5-bathroom unit sits on the tower’s southeastern corner and boasts ocean views, modern style and stainless steel appliances. Its purchase price equates to $2,398 per square foot.

After that top deal, the next-most-expensive condo sale last week was unit 606 at the Grovenor House in Coconut Grove. The two-bedroom, 2.5-bathroom condo traded for $1.625 million, or about $925 per square foot. Its features include bay views, designer finishes and custom built-in closets. Jill Penman of One Sotheby’s International Realty had the listing, which took 116 days to close.

And the week’s third-priciest deal was the $1.5 million sale of unit 1905 at the Ocean Two building in Sunny Isles Beach. Olena Sartan of Decorus Realty marketed the three-bedroom, four-bathroom unit for 451 days before it closed at $614 per square foot. The condo includes Italian hardwood floors, onyx bathrooms and ocean views.

The rest of Miami-Dade’s top 10 priciest sales ranged from $1.325 million to $680,000.

A total of 122 condos traded last week for $46.26 million, marking a significant uptick in dollar volume compared to the previous week, which saw 116 units sell for $33.13 million. Average prices also saw big gains, increasing from $285,629 per unit to $379,205, and from $267 per square foot to $270 per square foot.

Here’s a breakdown of the data for the week of October 23 to October 29. Click on the map for more information: CondosandProperty_Updated

Most expensive
Continuum South Tower #1606, South Beach | $10.5M | $2,398 psf | 79 days on market | Linette Guerra of La Playa Properties Group

Least expensive 
Ocean Two #1905, Sunny Isles Beach | $1.5M | $614 psf | 451 days on market | Olena Sartan of Decorus Realty

Most days on market
Kenilworth #302, Bal Harbour | 608 days on market | $1.375M | $550 psf | Inga Boutboul of One Sotheby’s International Realty

Least days on market
Ocean One #407, Sunny Isles Beach | 7 days on market | $1.06M | $479 psf | Nancy Goldfarb of Douglas Elliman

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