The Real Deal Miami

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

Top deal was for oceanfront unit at 1 Hotel & Homes in South Beach

November 07, 2016 05:00PM
By Sean Stewart-Muniz

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While the country — and its varied real estate industries — fret over the upcoming presidential election Tuesday, Miami-Dade County’s condo market held mostly steady last week. Sales volume shifted upward by nearly $1.4 million, and a handful of units broke the $1 million price barrier.

At the top of the heap was the $2.4 million sale of unit 920 at the recently opened 1 Hotel & Homes project in South Beach. The two-bedroom, two-bathroom condo and its ocean views fetched a hefty $1,620 per square foot after sitting on the market for 71 days with Justin Rubin of Douglas Elliman.

Rubin was also the listing agent for last week’s second-priciest deal, penthouse 15 at the St. Regis Bal Harbour, which sold for $2.3 million. Much like the 1 Hotel & Homes unit, this two-bedroom, two-bathroom condo boasts ocean views and modern style. It came in at a significantly cheaper $1,288 per square foot, however, and sold in 86 days.

In third place was unit 1802 at the 6000 Islands Boulevard building in Aventura, which traded for $1.6 million, or about $563 per square foot. The three-bedroom, 3.5-bathroom unit has wood floors, a spacious kitchen and views of both the Intracoastal Waterway and the ocean. The deal took 327 days to come together. Mohey Elsayed of Williams Island Realty had the listing.

After those top three deals, the remainder of Miami-Dade’s 10 priciest condo sales ranged from $1.325 million to $860,000.

The county recorded 154 unit sales last week for $47.63 million. That’s a $1.37 million boost in volume from the previous week, which saw 122 sales. Average prices were $309,282 per unit and $253 per square foot.

Here’s a breakdown of the data for the week of October 30 to November 5. Click on the map for more information: CondosandProperty_Updated

Most expensive
1 Hotel & Homes #920, South Beach | 71 days on market | $2.4M | $1,620 psf | Justin Rubin of Douglas Elliman

Least expensive 
Onyx on the Bay #PHI-03, Edgewater | 284 days on market | $860,000 | $603 psf | Devin Kay of Douglas Elliman

Most days on market
Artecity #PH607, Miami Beach | 461 days on market | $970,000 | $786 psf | Mark Witten of Keller Williams Realty

Least days on market
Kenilworth #201, Bal Harbour | 32 days on market | $895,000 | $384 psf | Paul Kenner of Estelle Stern Realty

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