Last week’s luxury condo sales in Miami-Dade County recovered from the previous week’s monthly low.
A massive sale at The Setai in Miami Beach led the pack of the week’s priciest listings, and the condo prices and sales volume were up across the county, according to data from condo.com.
The unit at The Setai was a bundle of five condos, which had been purchased by a Russian family over eight years and combined into a 5,400-square-foot residence. Becky Adkins of Gary Hennes Realtors, a listing agent, told The Real Deal that the family didn’t spend as much time in Miami and decided to sell. The unit had been on the market for 644 days before it closed for $16.1 million.
Scott Eric Klein of Douglas Elliman was the unit’s other listing agent. The buyer — who is undisclosed — was represented by another Douglas Elliman agent, Laura Cresto.
Next on the list was a unit at the St. Regis Bal Harbour, which sold for $7.8 million or $2,008 per square foot. It was on the market for roughly 11 months before it closed. Lourdes Alatriste of Engel & Volkers was the listing agent.
Prices dropped off significantly after the St. Regis listing, with the next most expensive sale closing for $3.8 million and the final four units selling for under $1.6 million.
Sales across Miami-Dade County were up from the previous week. The county saw 162 sales for a total of $78.45 million: a big jump from the previous week’s 127 sales and $50 million total. Prices averaged $485,454 per unit and $294 per square foot.
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