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

Miami /
Jun.June 08, 2015 02:30 PM

Condo sales in Miami-Dade County had a great start to the month of June, with total sales volume blowing past the last week of May and average prices on the rise, according to data from condo.com

The county’s most expensive sales, however, continued to hover in the $1 million to $2 million price range — with one major exception. Monica Harvey of Esslinger Wooten Maxwell closed on a $6.9 million deal for a unit in the Continuum condo complex in South Beach. The unit had been on the market for 421 days, and was sold for significantly less than its original asking price of $9 million, but Harvey’s sale still nearly tripled the price of the next most-expensive unit in the county.

A $2.4 million penthouse in The Gables Club was the runner-up for last week’s most expensive sale. The unit, which sold in just more than three months, was listed by Helen Nicastri of Coldwell Banker Residential Real Estate.

Sale prices were so close this week that the third and fourth on the list were only $20,000 apart, and the following two tied with closings of $1.6 million. Miami Beach was dethroned as the city with the most luxury sales, ending a three-week run.

Throughout the county, 180 condos were sold last week for a total of $71 million — a $26 million increase from the week before. Average sale prices were $397,802 and the average price per square foot was $294.

Here’s a breakdown of the data for the week of May 31 to June 6. Click on the map for more information:

Most expensive
Continuum South Tower, Miami Beach | $6.9M | $2,071 psf | 421 days on market |  Monica Harvey of Esslinger Wooten Maxwell

Least expensive 
Ritz-Carlton Resort, Bal Harbour | $1.1M | $959 psf | 212 days on market |  Heloisa Arazi of AMG International Realty Corp.

Most days on market
Continuum South Tower, Miami Beach | 421 days on market | $6.9M | $2,071 psf |  Monica Harvey of Esslinger Wooten Maxwell

Least days on market
Pinnacle, Sunny Isles Beach | 32 days on market | $1.125M | $642 psf | Lea Rubin of Beachfront Realty


Related Articles

arrow_forward_ios
Faena House and a photo illustration of Ken Griffin (Foster + Partners, Getty, iStock)
Ken Griffin sells remaining Faena House condo for $11.2M
Ken Griffin sells remaining Faena House condo for $11.2M
Bay Park at 3301 Northeast Fifth Avenue (Google Maps)
Investment firm makes $130M offer for 60-year-old Edgewater condo complex
Investment firm makes $130M offer for 60-year-old Edgewater condo complex
Jose Luis, Martin and Carlos Melo with renderings of Aria Reserve (Melo Group)
Seeing double: Melo joins Miami condo craze with two-tower Edgewater project
Seeing double: Melo joins Miami condo craze with two-tower Edgewater project
Jorge, Jon Paul and Nick Pérez (Photos by Studio Scrivo)
Related Group’s condo kings expand their realm
Related Group’s condo kings expand their realm
Jacques Barbera and 800 South Pointe Drive (Google Maps)
Bar Invest Group chief sells Apogee condo in South Beach for $8M
Bar Invest Group chief sells Apogee condo in South Beach for $8M
Shahab Karmely, Edgardo Defortuna and Kieran Bowers with Reach and Rise (Getty)
Shahab Karmely, Edgardo Defortuna team up on bulk condo buy at Brickell City Centre
Shahab Karmely, Edgardo Defortuna team up on bulk condo buy at Brickell City Centre
Renderings of the Sunset Harbour project with Marc Rowan and Deco Capital Group's Bradley Colmer (Linkedin, Getty)
Deco Capital moves forward with new version of long-planned Sunset Harbour mixed-use development
Deco Capital moves forward with new version of long-planned Sunset Harbour mixed-use development
Related Group’s Jorge Pérez and his Apogee Beach penthouse. (Related, Douglas Elliman)
Jorge Pérez sells Hollywood penthouse for $6M
Jorge Pérez sells Hollywood penthouse for $6M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...