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

Top deal was for unit with ocean views in Bal Harbour

TRD MIAMI /
Jul.July 12, 2016 12:00 PM

UPDATED July 13 3:46 p.m.: Like a pendulum, sales volume for Miami-Dade County’s condo market tends to swing back and forth between weeks. The figures for last week were abysmal compared to the end of June, although realtors in some of the county’s pricier neighborhoods still closed a handful of noteworthy deals.

At the top of last week’s list was a unit at the Bellini building in Bal Harbour, which traded for $3.5 million. The three-bedroom, five-and-a-half-bathroom unit has been on the market since November of last year, starting with an asking price of $4.35 million. Giancarlo Cuffia of Engel & Voelkers represented the seller, while Filiz Kayali of the Elite Sales Group brought the buyer. With ocean views and a wraparound balcony, this luxe unit traded at $892 per square foot.

Following that deal was a unit at the Trump Palace in Sunny Isles Beach, which traded for $2.4 million. Beth Leeds of Leeds International Realty marketed unit 5309 at the tower for 121 days before closing at $985 per square foot. The three-bedroom, three-bathroom penthouse boasts direct ocean views through 11-foot floot-to-ceiling windows, plus luxe finishes like marble floors and onyx walls.

And the title for last week’s third-priciest deal goes to a unit in the Mei condominium in Miami Beach that sold for $1.6 million after spending only 98 days on the market. Nancy Batchelor of EWM had the listing for unit 901, another ocean-view residence with marble floors and custom closets. With two bedrooms and three bathrooms, its purchase price breaks down to $1,210 per square foot.

After those top three deals, the county’s remaining seven most expensive condo trades ranged from $1.4 million to $915,000 million.

Last week saw 108 condos trade in Miami-Dade for a total of $35.51 million. That’s a significant drop from the 142 sales and $50.27 million volume from the previous week. Average prices were $328,843 per unit and $290 per square foot.

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

Most expensive
Bellini #1801, Bal Harbour | $3.5M | $892 psf | 238 days on market | Giancarlo Cuffia of Engel & Voelkers

Least expensive 
Michigan Place #7, Miami Beach | $915,000 | $811 psf | 218 days on market | Eddy Goicolea of Keller Williams Miami Beach

Most days on market
Bellini #1801, Bal Harbour | $892 psf | 238 days on market | $3.5M | Giancarlo Cuffia of Engel & Voelkers

Least days on market
Mei #901, Miami Beach | 98 days on market | $1.6M | $1,210 psf | Nancy Batchelor of Esslinger Wooten Maxwell

Correction: A previous version of this article, citing data provided by Condo.com, incorrectly identified the sale of unit 5309 at the Trump Palace in Sunny Isles Beach as the week’s priciest deal. The most expensive sale was for unit 1801 at the Bellini building in Bal Harbour.


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