The Real Deal Miami

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

Top deal was for oceanfront combo unit on Fisher Island

November 15, 2016 11:15AM
By Sean Stewart-Muniz

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While most of the country was watching the U.S. presidential race last week with bated breath, the Miami-Dade County condo market kept chugging along. Sales volume held mostly steady for the first week of November, and one blockbuster condo sale on Fisher Island even closed on election day.

At the top of the pile was Dora Puig’s listing of unit 7043 at the newly built Palazzo Del Sol condo project on Fisher Island. The combo-unit, which boasts seven bedrooms, seven bathrooms and nearly 1,800 square feet of terraces, sat on the market for 639 days before closing on Nov. 8. The oceanfront unit fetched $1,577 per square foot.

Trailing behind that top deal was unit 2906 at the Trump Tower I in Sunny Isles Beach, which traded for $1.575 million. German Mendez of RE/MAX Premier Associates had the three-bedroom, 3.5-bathroom condo listed for 64 days before it sold at $676 per square foot. It features modern style, ocean views and stainless steel appliances.

And the third-priciest deal was for unit 105 at Bal Harbour’s oceanfront Balmoral building. The two-bedroom, 2.5-bathroom condo brought in $1.2 million after spending 164 days on the market with Nicole Bouhadana of Beachfront Realty. The unit, which was offered as part of an estate sale, has ocean views, tile floors and two parking spots. Its purchase breaks down to $617 per square foot.

After those top three deals, Miami-Dade’s 10 most expensive condo sales ranged from $1.175 million to $633,600.

The county saw 93 units sell last week for a total of $42.05 million, marking a $5.58 million drop in volume from the previous week, which had 154 unit sales. Average prices were $452,162 per unit and $257 per square foot.

Here’s a breakdown of the data for the week of November 6 to November 12. Click on the map for more information: CondosandProperty_Updated

Most expensive
Palazzo Del Sol #7043, Fisher Island | $15.5M | $1,577 psf | 639 days on market | Dora Puig of Fisher Island Real Estate

Least expensive 
Commodore Club #703, Key Biscayne | $633,600 | $754 psf | 144 days on market | Anne Kramer of Fortune International Realty

Most days on market
Palazzo Del Sol #7043, Fisher Island | 639 days on market | $15.5M | $1,577 psf | Dora Puig of Fisher Island Real Estate

Least days on market
Trump Tower I #2906, Sunny Isles Beach | 64 days on market | $1.575M | $676 psf | German Mendez of RE/MAX Premier Associates

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