The condo market in Miami-Dade County has been stable for much of October, and half of the most expensive condos sold last week fetched prices above $2 million.
At the top of the list was unit No. 4005 at the Santa Maria in Brickell, which sold for $5.25 million, or $1,302 per square foot. The four-bedroom, four-bathroom unit has a contemporary style with wood and white-marble floors, glass walls overlooking Biscayne Bay and roughly 1,000 square feet of balcony space. Listing agent Fabian Dominguez of Fortune International Realty had it on the market for 137 days before closing.
Next on the list was unit 8D at the newly built Faena House tower in Miami Beach. The corner unit, which sold for $3.4 million, features Terrazo floors, Miele appliances and floor-to-ceiling windows. Its price breaks down to a whopping $2,601 per square foot. Chad Carroll of Douglas Elliman had the listing, which closed after 39 days.
The week’s third-most expensive sale was a 36th-floor residence at Jade Beach in Sunny Isles Beach. Unit 3605, which sat on the market for 342 days, traded at $2.75 million. Valmir Gagliardi of VG Luxury Properties Realty Corp. had the listing, which broke down to $1,422 per square foot.
After those three, the remaining seven priciest sales ranged between $2.35 million and $760,000.
The county saw a total of 145 condo transactions last week, bringing in a sales volume of $49.06 million. That’s a small growth from the previous week, which had 114 condo sales for $45.18 million. Average prices were $340,728 per unit and $264 per square foot.
Santa Maria, Miami | $5.25M | $1,302 psf | 137 days on market | Fabian Dominguez of Fortune International Realty
Icon Brickell Tower I, Miami | $760,000 | $520 psf | 166 days on market | Jonathan Mann of Coldwell Banker
Most days on market
Jade Ocean, Sunny Isles Beach | 342 days on market | $2.75M | $1,422 psf | Valmir Gagliardi of VG Luxury Properties Realty Corp.
Least days on market
Icon Bay, Miami | 0 days on market | $2.25M | $829 psf | William Harbour of Fortune International Realty