There was plenty to be thankful for last week in Miami-Dade County, as residential agents closed an impressive amount of condo sales just in time for the Thanksgiving holiday.
For the first time in more than a month, all 10 of the county’s most expensive condo sales were above $1 million — including a huge $8 million closing in Key Biscayne.
The week was led by Fabiana Pimenta’s quick closing of unit unit 1201N at the newly built Oceana Key Biscayne. It’s a corner unit with five bedrooms, seven bathrooms and a wraparound terrace with more than 2,000 square feet of space. The residence sold for $8.25 million, or a whopping $2,022 per square foot, after spending only 42 days on the market. Pimenta is an agent with Fortune International Realty.
Close behind that sale was unit 3006 at Miami Beach’s Bath Club, which was snapped up by Crystal Lagoons founder Fernando Fischmann for $7.5 million, or $1,319 per square foot. The unit is actually a detached villa that’s separate from the main 20-story tower. It has three bedrooms, five bathrooms and a backyard that directly overlooks the ocean. Listing agent Nelson Gonzalez of EWM had it on the market for 480 days before closing the sale.
The week’s third-most expensive condo transaction was for unit 1501 at Porto Vita in Aventura. It spent more than a year on the market with Karen Matluck of ICS Realty before closing for $3.5 million, or $680 per square foot. Some of the unit’s features include floor-to-ceiling glass windows, hardwood floors, modern furnishings and water views.
After those top three closings, the county’s 10 most expensive condo sales ranged in price from $1.3 million to $2.3 million.
Miami-Dade saw 133 condo sales last week for a total of $70.47 million. That’s only six more transactions than the previous week, but prices increased so drastically that the sales total grew by roughly $20 million. Average prices were $529,848 per unit and $324 per square foot.
Oceana Key Biscayne, Key Biscayne| $8.25M | $2,022 psf | 42 days on market | Fabiana Pimenta of Fortune International Realty
Ocean Four, Sunny Isles Beach | $1.3M | $790 psf | 89 days on market | Boris Tarlo of Florida Best Realty
Most days on market
The Bath Club, Miami Beach | 480 days on market | $7.5M | $1,319 psf | Nelson Gonzalez of Esslinger Wooten Maxwell
Least days on market
Oceana Key Biscayne, Key Biscayne | 42 days on market | $8.25M | $2,022 psf | Fabiana Pimenta of Fortune International Realty