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

Miami /
Sep.September 14, 2015 05:15 PM

All sides of the condo market took a hit last week in Miami-Dade County, according to data from Condo.com

For the county’s most expensive sales, that means even the top closing didn’t break $3 million. Despite this, most of the week’s high-end sales were above $1 million, and half sold in four months or less.

The week’s top sale was unit 1802 at the Setai, which sold for $2.7 million. The condo is on the southwestern corner of the building and has developer finishes: hardwood and stone floors plus modern appliances. It measures 1,331 square feet and has two bedrooms and two bathrooms. While the closing price isn’t anywhere near the highest recorded for that building, it does break down to $2,028 per square foot — which rivals the building’s larger units. Juan Ramirez of La Rosa Realty had the listing, which was active for 127 days before closing.

Following the Setai unit, sales for the week ranged between $1.95 million and $895,000. The week’s longest listing also happened to be the cheapest: Unit 1108 in the Bel Aire on the Ocean condo complex, which is in Miami Beach, was on the market for 241 days before fetching a price of $895,000. Maria Luaices of the Keyes Company had the listing.

Altogether, the county saw a $43.8 million drop in sales volume compared to the previous week. Between Sept. 6 and Sept. 12, a total of 105 condos were sold in Miami-Dade for $41.35 million. Prices averaged $393,846 per unit and $292 per square foot.

Here’s a breakdown of the data for the week of August 30 to September 5. Click on the map for more information:

Most expensive

The Setai, Miami Beach | $2.7M | $2,028 psf | 127 days on market | Juan Ramirez of La Rosa Realty

Least expensive 
Bel Aire on the Ocean, Miami Beach | $895,000 | $815 psf | 241 days on market | Maria Luaices of The Keyes Company

Most days on market
Bel Aire on the Ocean, Miami Beach | 241 days on market | $895,000 | $815 psf | Maria Luaices of The Keyes Company

Least days on market
Four Seasons, Miami | 41 days on market | $1.45M | $837 psf | Carlo Ortiz of Xcellence Realty


Related Articles

arrow_forward_ios
Photos of Apogee 2004
French real estate family sells Apogee condo to former hedge fund manager
French real estate family sells Apogee condo to former hedge fund manager
Great Gulf CEO Ilias Konstantopoulos with a rendering of the development at 1515 South Flagler Drive (Great Gulf)
La Clara condo project in WPB scores $110M construction loan
La Clara condo project in WPB scores $110M construction loan
Renderings of the One Brickell project with Jorge Pérez  and Jon Paul Pérez (Photos via Wikipedia Commons, Related)
Related to partner with Baccarat on major Brickell high-rise development
Related to partner with Baccarat on major Brickell high-rise development
Miami's Quadro in the Design District (Quadro Residences)
Alta Developers begins closings at Quadro at Design District
Alta Developers begins closings at Quadro at Design District
South Florida’s residential markets bounced back in the third quarter
South Florida’s residential sales rise in Q3, led by surge in Palm Beach County
South Florida’s residential sales rise in Q3, led by surge in Palm Beach County
Richard Swerdlow and Bruce Goldstein 
Betting on distress: Bulk condo website launches, aimed at investors
Betting on distress: Bulk condo website launches, aimed at investors
Renderings of the project (Courtesy of Pinnacle)
Pinnacle scores $31M for senior affordable housing development
Pinnacle scores $31M for senior affordable housing development
From left: The Bristol in West Palm Beach; 6431 Pine Tree Drive Circle, Miami Beach; 2325 Desota Drive, Fort Lauderdale; and 12520 Seminole Beach Road, North Palm Beach (Realtor, iStock)
South Florida signed resi contracts up in September: Elliman
South Florida signed resi contracts up in September: Elliman
arrow_forward_ios

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

Loading...