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

Most expensive sale was for Continuum unit with wraparound balcony

TRD MIAMI /
Feb.February 15, 2016 04:30 PM

Last week marked the first time since November that Miami-Dade County’s condo market raked in more than $50 million worth of sales. On top of that, almost all 10 of the county’s most expensive condo deals pushed past the $1 million mark.

It was a big week for the Continuum South Tower in Miami Beach, which saw three of Miami-Dade’s biggest condo closings by dollar amount.

The week’s priciest deal was for a $6.7 million unit at the Continuum, which traded for a whopping $2,671 per square foot after only 29 days on the market. Unit 906 boasts an all-white color scheme, three bedrooms and a wraparound balcony on the building’s southeastern corner.

John Lennon of South Pointe Drive Realty brokered that deal, as well as one for last week’s quickest sale: the $925,000 closing of Cabana 12 at the Continuum South Tower. Cabanas are limited to owners who already have units in the building, so it’s likely this unit was tacked on to the buyer of unit 906.

The No. 2 spot goes to unit 501 at the Continuum South Tower, closing at $2.85 million after spending 60 days on the market. The fifth-floor residence’s modern kitchen and marble floors fetched $1,791 per square foot with broker Wayne Saks.

And the week’s third-most expensive deal was for unit 3301 at the Bristol Tower in Brickell. It sold for $1.85 million, or $604 per square foot, 111 days after it was listed with Maria Lucena of Esslinger Wooten Maxwell. The unit features three bedrooms, four bathrooms and views of Biscayne Bay through floor-to-ceiling windows.

The remaining seven of last week’s top 10 most expensive sales ranged in price from $1.65 million to $925,000.

Miami-Dade saw 129 condo sales last week for $52.671 million. That’s a strong improvement from the 95 sales and $35.614 million recorded the previous week. Average prices were $408,306 per unit and $301 per square foot.

Here’s a breakdown of the data for the week of February 7 to February 13. Click on the map for more information:

Most expensive
Continuum South Tower, South Beach | $6.7M | $2,671 psf | 29 days on market | John Lennon of South Pointe Drive Realty

Least expensive 
Continuum South Tower, South Beach | $925,000 | 24 days on market | John Lennon of South Pointe Drive Realty

Most days on market
Grove Isle, Miami | 306 days on market | $1.3M | $536 psf | Marilyn Cromer of Avatar Real Estate Services

Least days on market
Continuum South Tower, South Beach | 24 days on market | $925,000 | John Lennon of South Pointe Drive Realty


Related Articles

arrow_forward_ios
Julio Gimenez wants to build a $298 million steel mill project (Credit: iStock)

Miami-Dade mayor’s son wants to build a $300M steel mill on county-owned land

December was a rough month for South Florida home sales: report

December was a rough month for South Florida home sales: report

The downshift drags on in Miami’s condo market

The downshift drags on in Miami’s condo market

A day in the life of Metro 1’s Tony Cho

A day in the life of Metro 1’s Tony Cho

Here's a look at Miami-Dade’s top-ranked brokers

Here's a look at Miami-Dade’s top-ranked brokers

Affordable housing crisis in Miami. For landlords, “the math just doesn’t work.”

Affordable housing crisis in Miami. For landlords, “the math just doesn’t work.”

Miami office rents increased, I-sales fell in 2017: report

Miami office rents increased, I-sales fell in 2017: report

Miami-Dade’s affordable housing fund collects only $5.7M in a decade

Miami-Dade’s affordable housing fund collects only $5.7M in a decade

arrow_forward_ios