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

Miami /
Nov.November 17, 2015 02:15 PM

Sales held steady for Miami-Dade County’s overall condo market during the second week of November, though the luxury sector continued to drag its feet — with one standout closing.

Only three condos sales last week were above $1 million, two of which posted prices above $2 million. The week’s top sale blew past all of Miami-Dade’s other closings: Unit 40 at the Regalia tower in Sunny Isles Beach was sold for $9.7 million, which breaks down to $1,758 per square foot. The 40th-floor residence boasts 360-degree views of the ocean and Sunny Isles, and along with the usual luxury accouterments like modern appliances and imported stone finishes, it comes with a 2,100-square-foot wraparound terrace with its own summer kitchen. Anna Sherrill of One Sotheby’s International Realty had the listing, which closed after 271 days.

After that monster closing, the week’s next-most expensive sale was unit 1103 at the Grand Bay Tower in Key Biscayne. It sold for $3.5 million, or $1,005 per square foot, after spending only 50 days on the market with Lilia Gambogi of AG Real Estate Advisors. Some of the corner unit’s features include marble and carpet floors, custom-built mirrors and floor-to-ceiling glass windows in the living room.

The week’s final sale above $1 million belonged to Juan Carlos Gonzalez of Keller Williams. His listing for unit 518 at the Belle Plaza condo complex in Miami Beach’s Belle Isle sold for $1.1 million after 186 days on the market. The closing breaks down to $717 per square foot. The unit, originally built in 1962, was recently renovated with white limestone floors and a modernized kitchen.

Miami-Dade had 127 condo closings last week for a total of $49.44 million. Compared to the previous week, the total dollar amount is up by roughly $6 million despite 11 fewer units selling. That can be explained by a significant increase in average prices: up to $389,324, from $323,734 the previous week, and to $279 per square foot, up slightly from $278.

Here’s a breakdown of the data for the week of November 8 to November 14. Click on the map for more information:

Most expensive
Regalia, Sunny Isles Beach | $9.7M | $1.758 psf | 271 days on market | Anna Sherrill of ONE Sotheby’s International Realty

Least expensive 
Brickell Place, Brickell | $730,000 | $342 psf | 147 days on market | Jose Luis Pere of One Sotheby’s International Realty

Most days on market
Sundance Condo, South Beach | 287 days on market | $760,000 | $551 psf | Marla Rivas of Esslinger Wooten Maxwell

Least days on market
Grand Bay Tower, Key Biscayne | 50 days on market | $3.5M | $1,005 psf | Lilia Gambogi of Fortune International Realty


Related Articles

arrow_forward_ios
Keith Kosow and 100 South Pointe Drive in Miami Beach (Getty, LinkedIn/Keith Kosow, Luxhunters, Google Maps)
Investment boss sells gut-renovated Continuum South Beach condo for $10M
Investment boss sells gut-renovated Continuum South Beach condo for $10M
The John Buck Company's John Buck, Florida Value Partners’ Gus Alfonso, BH Group’s Isaac Toledano and Pebb Enterprises’ Ian Weiner with rendering of the Miami Station project
John Buck JV buys downtown Miami dev site for $40M
John Buck JV buys downtown Miami dev site for $40M
MCR’s Tyler Morse, Park Hotels & Resorts’ Thomas Baltimore and the Hilton Miami Airport Blue Lagoon at 5101 Blue Lagoon Drive
MCR drops $118M for Hilton Miami Airport Blue Lagoon
MCR drops $118M for Hilton Miami Airport Blue Lagoon
Miami
A scavenger hunt for distress in South Florida
A scavenger hunt for distress in South Florida
Triarch Capital Group’s Stefan Grosfeld and Daniel Halberstein with 12601 West Okeechobee Road
Hialeah Gardens industrial site trades at $1M/acre, as market softens
Hialeah Gardens industrial site trades at $1M/acre, as market softens
From left: Lockton Companies' Fred Zutel, KAR Properties' Shahab Karmely, Bilzin Sumberg's Suzanne Amaducci-Adams, and International Sales Group's Craig Studnicky
Soaring costs and slowing demand complicate South Florida condo projects
Soaring costs and slowing demand complicate South Florida condo projects
Xebec’s Randy Kendrick with an  aerial view of the site in Northwest Miami-Dade County and near Miami Gardens (Google Maps, Xebec’)
Xebec nabs $44M construction loan for industrial development near Miami Gardens
Xebec nabs $44M construction loan for industrial development near Miami Gardens
Craig Robins and Jackie Soffer with 2511 Lake Avenue
Jackie Soffer and Craig Robins ask $45M for waterfront Miami Beach mansion
Jackie Soffer and Craig Robins ask $45M for waterfront Miami Beach mansion
arrow_forward_ios

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

Loading...