Price cuts spur Trump Towers sales in Sunny Isles Beach

TRD MIAMI /
Aug.August 04, 2010 04:00 PM

Trump Towers in Sunny Isles Beach

The new-construction condominium market in Sunny Isles Beach has been performing well in recent months, with unsold inventory on the decline, and that’s largely due to sales at the Trump Tower II condo, according to a new report from real estate brokerage and consultancy Condo Vultures. Of the 111 new condo sales during the second quarter in the oceanfront community, 57 occurred in Trump’s namesake 43-story tower. That’s up from 30 units sold in the building during the first quarter and just 11 units in the quarter before that. The uptick in sales, according to Condo Vultures principal Peter Zalewski, can be attributed to price cuts. The second-quarter units went at an average of $415 per square foot, down from $420 per square foot one quarter earlier and $510 per square foot in the fourth quarter of 2009. Tower II is one of three nearly-identical buildings with a total of 800 units facing the Atlantic Ocean. Just over half of those units are sold, and Tower III is completed but vacant. TRD


Related Articles

arrow_forward_ios
Donald Trump, Vanilla Ice and Briny Breezes (Credit: Getty Images)

Trump Town? Briny Breezes wants to sell for $1B

Daily Digest Miami

Missoni Baia lands massive loan, Babylon Brickell owner sells Overtown property: Daily digest

Donald and Melania Trump at the entrance way of Mar-a-Lago (Credit: Getty Images)

With move to Mar-a-Lago, Trump could use Florida real estate law to protect himself from creditors

Donald Trump at Trump National Doral (Credit: Getty Images)

Former members of Trump Doral may have to wait decades to get their deposits back

President Donald Trump (Credit: Getty Images, Mar-A-Lago Club)

Trump properties in Palm Beach County could get $1.5M tax bill

Dmitry Rybolovlev, Donald Trump, and 5252 North Country Road (Credit: Getty Images)

Russian oligarch sells last piece of former Trump estate in Palm Beach for $37M

President Trump and Mar-a-Lago (Credit: Getty Images)

Revenue fell at Trump’s Palm Beach properties in 2018

Donald Trump and Trump Doral (Credit: Getty Images)

Trump Doral’s financial results falter due to Trump name: report

arrow_forward_ios
Loading...