Sales volume in Miami-Dade County’s condo market took a big hit last week, though a handful of top deals each broke the $1 million mark.
The week was led by Rogerio De Laurenzio’s $9.5 million closing at Regalia Miami, a luxe condo tower that opened in 2013. The NCG Resources agent had unit 39 on the market for 452 days before it closed at $1,247 per square foot. Some of the four bedroom, five-and-a-half bathroom unit’s features include 10-foot ceilings, a wraparound terrace and private elevator.
After the No. 1 spot, price tags for last week’s top deals fell dramatically. The second priciest deal was for unit 1038 at the Tidemark complex in Key Biscayne, which closed at $1.75 million, or about $930 per square foot, after being listed for 307 days. Giulietta Ulloa of Esslinger Wooten Maxwell had the listing for this two-bedroom, two-bathroom unit, which boasts modern finishes and ocean views.
Coming in third was unit 1010 at the South Pointe Tower in Miami Beach. Michael Feuling of Miami Investment Property closed the $1.6 million deal after only 77 days. The two-bedroom, two-and-a-half bathroom unit’s price breaks down to $1,026 per square foot. It features bamboo floors, a wraparound balcony and ocean views.
Following those top three sales, last week’s remaining top 10 priciest deals ranged from $1.169 million to $805,000.
Miami-Dade had 122 condo sales last week for a total of $47.8 million. That’s a significant drop from the previous week’s 205 closings for $78 million. Average prices were $391,837 per unit and $283 per square foot.
Regalia #39, Sunny Isles Beach | $9.5M | $1,274 psf | 452 days on market | Rogerio De Laurenzio of NCG Resources
Roney Palace #1602, South Beach | $805,000 | $914 psf | 159 days on market | Mercedes Saewitz of Compass
Most days on market
Regalia #39, Sunny Isles Beach | 452 days on market | $9.5M | $1,274 psf | Rogerio De Laurenzio of NCG Resources
Least days on market
Williams Island #2107, Aventura | 48 days on market | $870,000 | $410 psf | Daniel Anysz of Berkshire Hathaway