Condo sales in Miami-Dade County took a hit last week because of lowered prices, but a handful of luxury properties still traded for jaw-dropping prices, according to data from condo.com.
The week was led by a unit in the Trump Royale on Sunny Isles Beach. Despite Donald Trump’s current issues, agent George Baranov of Exclusively Barnoff Realty had no trouble closing the $5.9 million sale of unit TS6 — a fully furnished two-story penthouse with its own private pool and elevator. The residence had been on the market for 114 days before the sale, and traded for $918 per square foot.
Sale prices fell off drastically after Baranov’s closing. The week’s next most expensive sale was a $2.18 million condo in the Club Tower III complex on Key Biscayne. Douglas Kinsley of Fortune International Realty had that listing, which spent just under a year on the market before closing.
And after that, prices hovered between $1.72 million and $1 million. The fastest sale was unit No. 2402 in the La Perla building on Sunny Isles Beach, which sold for $1 million after 53 days on the market.
A total of 184 condos were sold in Miami-Dade last week, generating $60.5 million. That’s $10 million less than the previous week, even though four more condos were sold. The average sales price was $329,253 per unit and $242 per square foot.
Trump Royale, Sunny Isles Beach | $5.9M | $918 psf | 114 days on market | George Baronov of Exclusively Barnoff Realty
La Perla, Sunny Isles Beach | $1.07M | $667 psf | 53 days on market | Chris Tinton of Miami VIP Brokers
Most days on market
Four Seasons, Miami | 610 days on market | $1.15M | $642 psf | Anastasio Lorente of Great Properties International
Least days on market
La Perla, Sunny Isles Beach | 53 days on market | $1.07M | $667 psf | Chris Tinton of Miami VIP Brokers