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

An interactive look at where the biggest deals were struck

TRD MIAMI /
Dec.December 15, 2015 05:15 PM

It seemed like residential agents in Miami-Dade County came out swinging after the slow Thanksgiving weekend, but after one week of raking in huge sales volumes, the county is again reporting a sluggish condo market.

Numbers from last week show a huge reduction in transactions and sales volumes compared to the first week of December, which had already trumped every week in November.

And out of the county’s top 10 most expensive condo sales, only four made it past $1 million. None closed for more than $2 million.

The week was led by a $1.9 million sale at the South Pointe Towers in Miami Beach. Unit 1003, a corner residence with all-white modern finishes, traded for a hefty $1,494 per square foot after spending 109 days on the market. John Lennon of South Pointe Drive Realty had the listing.

Close behind that transaction was a $1.312 million sale at Trump Tower III in Sunny Isles Beach. Teresa Malloggi Palacios of Palacios Realty Corp. had the listing for unit 1707, which closed after 72 days — the week’s fastest deal. Some of the unit’s features include ocean views, a private elevator foyer and white glass floors. Its price equates to $567 per square foot.

The week’s third-priciest sale was a $1.225 million unit at Island House in Key Biscayne. Unit 507, which was recently updated and renovated, has a beach house style with ocean views. It sold for about $928 per square foot after 82 days on the market. Brigitte Nachtigall of Great Properties International had the listing.

After those three, the remaining seven priciest condo sales from last week ranged from $1.067 million to $600,000.

The county had 106 condo sales last week for a total of $29.704 million. Compared to the previous week, that’s a $43.38 million drop in sales volume. Average prices were $282,902 per unit and $262 per square foot.

Here’s a breakdown of the data for the week of Dec. 6 to Dec. 12. Click on the map for more information:

Most expensive
South Pointe Towers, Miami Beach | $1.9M | $1,494 psf | 109 days on market | John Lennon of South Pointe Drive Realty

Least expensive 
Midtown Miami Four, Miami| $600,000 | $475 psf | 200 days on market | Bryan Halda of Gray & Associates Properties

Most days on market
Icon Brickell 1, Miami | 583 days on market | $653,400 | $493 psf | Domenico Albano of A & D Realty Group

Least days on market
Trump Tower III, Sunny Isles Beach | 72 days on market | $1.312M | $567 psf | Teresa Malloggi Palacios of Palacios Realty Corp.


Related Articles

arrow_forward_ios
Richard Swerdlow and Bruce Goldstein 

Betting on distress: Bulk condo website launches, aimed at investors

Betting on distress: Bulk condo website launches, aimed at investors
Renderings of the project (Courtesy of Pinnacle)

Pinnacle scores $31M for senior affordable housing development

Pinnacle scores $31M for senior affordable housing development
From left: The Bristol in West Palm Beach; 6431 Pine Tree Drive Circle, Miami Beach; 2325 Desota Drive, Fort Lauderdale; and 12520 Seminole Beach Road, North Palm Beach (Realtor, iStock)

South Florida signed resi contracts up in September: Elliman

South Florida signed resi contracts up in September: Elliman
Nick Pérez and Solemar (Courtesy of Related)

Related Group launches sales of first SoFla condo project since 2016

Related Group launches sales of first SoFla condo project since 2016
Miami-Dade County Mayor Carlos A. Gimenez (Credit: Jason Koerner/Getty Images)

Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order

Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order
From left: Henry Torres, Jorge Perez, Alicia Cervera Lamadrid, Gil Dezer and Joseph Kavana (iStock)

“Anything and everything is negotiable”: Incentives for condo buyers mount in Miami

“Anything and everything is negotiable”: Incentives for condo buyers mount in Miami
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

DeSantis moves Miami-Dade, Broward counties into phase two

DeSantis moves Miami-Dade, Broward counties into phase two
Miami-Dade Mayor Carlos Gimenez (Credit: Jason Koerner/Getty Images)

Miami-Dade mayor: Bars and nightclubs won’t reopen until there’s a vaccine

Miami-Dade mayor: Bars and nightclubs won’t reopen until there’s a vaccine
arrow_forward_ios

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

Loading...