Miami-Dade County’s condo market came out swinging for the last week of October, with an uptick in both sales volume and average prices since the beginning of the month.
On top of that, all 10 of the week’s most expensive condo sales were above $1 million. The top 10 had dragged into the lower price brackets several times in October, going as low as $760,000.
The week’s priciest sale was unit 3904 at the Santa Maria condo tower in Miami’s Brickell neighborhood. The 39th-floor residence is flow-through, meaning it goes from one end of the building to the other, and features marble and wood floors, Venetian plaster walls and modern appliances. It closed for $3.85 million, or $955 per square foot, after spending 70 days on the market. Fabian Dominguez of Fortune International Realty had the listing, which even came with its own maid’s quarters.
Following that sale was unit 3504 at Jade Ocean in Sunny Isles Beach, which closed for $2.8 million, or $1,448 per square foot. The sleek, all-white residence has ocean and Intracoastal Waterway views, and it was also sold furnished. Listing agent Marcelo Violland of BV & Associates closed on the sale after 75 days.
Two units tied for third place this week, both selling at $2.4 million: unit S3-B at the Solimar complex in Surfside and unit TS-1 at the Mondrian South Beach condo-hotel. The Surfisde residence has hardwood floors, modern kitchen and views of the ocean, while the South Beach unit looks out over Biscayne Bay and features a black-and-white color scheme, ultra-modern fixtures and a 2,000-square-foot rooftop terrace with an outdoor kitchen and lounge furniture.
The Mondrian unit sold at almost double the price per square foot: it closed at $1,600 a square foot, while the Surfside unit sold for roughly $829 a square foot.
After those top four sales, the week’s priciest condos sold between $1.8 million and $1.35 million.
Miami-Dade had a total of 188 condo sales last week for $63.68 million. That’s a huge increase from the previous week’s 145 sales and $49.06 million total. Average prices were $$338,727 per unit and $$269 per square foot.
Santa Maria, Brickell | $3.85M | $955 psf | 70 days on market | Fabian Dominguez of Fortune International Realty
French Village, Pinecrest | $1.35M | $523 psf | 68 days on market | Dean Dworkin of Williams Island Realty
Most days on market
Tidemark, Key Biscayne | 191 days on market | $1.8M | $829 psf | Rocio Granados of Fortune International Realty
Least days on market
Mondrian South Beach, South Beach | 53 days on market | $2.4M | $1,600 psf | Chad Carroll of Douglas Elliman