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

Miami /
Jan.January 11, 2016 05:15 PM

We’re already two weeks into the new year, but Miami-Dade County’s condo market continues to hang in a holiday slump. Only one closing last week pushed into the multimillion dollar range, with five more breaking $1 million.

The week’s most expensive sale was also its slowest: Unit 2901 at Aventura’s Porto Vita complex traded for $3.575 million after spending 221 days on the market. That’s about $695 per square foot. Some of its features include 12-foot ceilings, a private elevator foyer, all-white modern style and ocean views. Karen Matluck of ICS Realty had the listing.

On the same day that sale closed, Rene Bushel Gioia of Scott Hess Associates was sealing a $1.95 million deal for a listing at the South Pointe Towers in ritzy South Beach. Gioia had unit 2303 on the market for 66 days before it closed at a sizable $1,543 per square foot. The corner residence boasts marble floors, a large terrace, plus 180-degree views of the ocean and Fisher Island.

And Miami-Dade’s third-most expensive sale last week was for a unit in the Aqua at Allison Island complex in Miami Beach. Unit 6110 spent 157 days on the market under Egor Tatarenko of Miami Sun Realty before it closed at $1.85 million, or about $363 per square foot.

Out of the county’s 10 priciest condo sales last week, the remaining seven ranged between $1.6 million and $620,000.

Miami-Dade saw 81 condo sales last week for a total of $29.1 million. The market has mostly held steady at that sales volume for the last three weeks, which saw a severe slump in activity due to the holiday season. The previous week had 99 sales for $31.2 million.

Here’s a breakdown of the data for the week of January 3 to January 9. Click on the map for more information:

Most expensive
Porto Vita, Aventura | $3.575M | $695 psf | 221 days on market | Karen Matluck of ICS Realty

Least expensive 
Turnberry Isle, Aventura | $620,000 | $328 psf | 133 days on market | Gloria Etzion of SMK Realty & Investments

Most days on market
Porto Vita, Aventura | 221 days on market | $3.575M | $695 psf | Karen Matluck of ICS Realty

Least days on market
Tiffany, Bal Harbour | 38 days on market | $929,900 | $434 psf | Mark Matchett of MDZ Realty


Related Articles

arrow_forward_ios
Photos of Apogee 2004
French real estate family sells Apogee condo to former hedge fund manager
French real estate family sells Apogee condo to former hedge fund manager
Great Gulf CEO Ilias Konstantopoulos with a rendering of the development at 1515 South Flagler Drive (Great Gulf)
La Clara condo project in WPB scores $110M construction loan
La Clara condo project in WPB scores $110M construction loan
Renderings of the One Brickell project with Jorge Pérez  and Jon Paul Pérez (Photos via Wikipedia Commons, Related)
Related to partner with Baccarat on major Brickell high-rise development
Related to partner with Baccarat on major Brickell high-rise development
Miami's Quadro in the Design District (Quadro Residences)
Alta Developers begins closings at Quadro at Design District
Alta Developers begins closings at Quadro at Design District
South Florida’s residential markets bounced back in the third quarter
South Florida’s residential sales rise in Q3, led by surge in Palm Beach County
South Florida’s residential sales rise in Q3, led by surge in Palm Beach County
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
arrow_forward_ios

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

Loading...