While some Realtors were carving up their turkeys over the holidays last week, others were closing big-ticket condo sales in Miami-Dade County.
The county’s condo market mostly took a break during the week of Thanksgiving, which saw a huge dip in sales volume and transactions. Despite that drop, there were several sales that pushed passed $1 million — and one that fetched six times that amount.
This week’s priciest sale was unit 3501 in South Beach’s Murano at Portofino condo tower. The all-white residence has three bedrooms, three-and-a-half bathrooms and modern style ocean views. Joseph Weiner of Sterling Equity Realty had the listing, which closed for $6.75 million, or $2,005 per square foot. It first hit the market with Sterling in 2012 — roughly 3.5 years ago.
After that big sale, the price tags for last week’s most expensive condos dropped drastically. The No. 2 spot belongs to Jelena Houston of Keller Williams, who had the listing for unit 2E at the Ocean Place complex in South Beach. It sold for $1.475 million, or $1,156 per square foot, after 170 days on the market.
And the final $1 million-plus sale for the week was unit 1604 at Peninsula II in Aventura, which sold for $1.3 million. Sigal Dagan of One Sotheby’s International Realty had that listing, which spent 281 days on the market before closing at $375 per square foot.
Following those, the week’s next seven most-expensive condo sales ranged between $850,000 and $405,000 — the lowest price to make the top 10 in several months.
Miami-Dade saw 85 condo sales last week for a total of $26.1 million. By comparison, the previous week was an absolute blowout with 133 transactions for roughly $70 million. Average prices for this week were $310,814 per unit and $222 per square foot.
Murano at Portofino, South Beach | $6.75M | $2,005 psf | 1279 days on market | Joseph Weiner of Sterling Equity Realty
Marina Blue, Miami | $405,000 | $486 psf | 170 days on market | Alessandro Mercia Bellucci of Avanti Way
Most days on market
Murano at Portofino, South Beach | 1279 days on market | $6.75M | $2,005 psf | Joseph Weiner of Sterling Equity Realty
Least days on market
Midtown Four, Midtown Miami | 13 days on market | $420,000 | $251 psf | Brigitte Lombari of Keller Williams