Miami-Dade condo sales dollar volume drops in December to $457M

Miami-Dade County condo sales dollar volume dropped in December.

Last month’s condo dollar volume totaled $457 million, down from $504 million in November. Brokers closed 677 sales in December, up slightly from 672 sales in November, and down from 772 sales in October, Multiple Listing Service data from Redfin shows.

December sale prices ranged from $75,000 to $10.5 million, with a median price of $394,000. The price per square foot ranged from $114 to $3,019, with a median of $426 per square foot. In November, sales closed with a median price of $400,000, and $413 per square foot.

A $10.5 million closing at the Porsche Design Tower took the title of priciest sale last month. Unit 5201 at 18555 Collins Avenue in Sunny Isles Beach sold for $1,715 per square foot after 451 days on the market. Leandro Corrente with True Brokers handled both sides of the deal.

The sale price was lower than November’s priciest sale. Apogee unit 1504 at 800 South Pointe Drive sold for $19.3 million.

In contrast, December’s cheapest sale was unit A-121 at New World Condominium III in Miami Gardens, at 251 Northwest 177th Street. The unit traded for $75,000 — or $114 per square foot — after 27 days on the market. Kathleen Comerford with EXP Realty had the listing. 

Here’s a breakdown of December’s notable condo sales:

Most Expensive

Porsche Design Tower, 18555 Collins Avenue, unit 5201, in Sunny Isles Beach | Price $10,500,000 | $1,715 psf | Year built: 2016 | Listing agent: Leandro Corrente with True Brokers | Buyer’s agent: Leandro Corrente with True Brokers

Least Expensive

New World Condominium, 251 Northwest 177th Street, Unit A-121, in Miami Gardens | Price $75,000 | $170 psf | Year built: 1971 | Listing agent: Kathleen Comerford with eXp Realty

Highest Price Per Square Foot

57 Ocean, 5775 Collins Avenue, unit 303, in Miami Beach | Price $8,765,000 | $3,019 psf | Year built: 2021 | Listing agent: Julian Johnston with Corcoran | Buyer’s agent: Pietro Belmonte with Douglas Elliman

Lowest Price Per Square Foot

Jade Winds, 1770 Northeast 191st Street, Unit 711-1, in Miami | Price $149,900 | $114 psf | Year built: 1969 | Listing agent: Richard Vidot with Realty One Group Innovation | Buyer’s agent: Emiliano Naftali with Grand Realty of America

Newest

Missoni Baia, 700 Northeast 26th Terrace, unit 1703, in Miami | Price $1,880,000 | $984 psf | Year built: 2023 | Listing agent: Seth Semilof with Elite Global Realty | Buyer’s agent: Prince Hassan with Official 

Oldest

918 Ocean Drive, 918 Ocean Drive, unit 205, in Miami Beach | Price $385,000 | $1,100 psf | Year built: 1925 | Listing agent: Amaya Castro with Keyes | Buyer’s agent: Michael Krimus with Gold Palm Realty