The Real Deal Miami

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

Top deal was for oceanfront unit on Fisher Island
By Sean Stewart-Muniz | July 18, 2016 12:45PM

Last week marked another seven-day slugfest for Miami-Dade County’s condo market, with sales volume down in the dumps compared to the blowouts seen during June. To top it off, only one condo in the whole county broke the $2 million price barrier last week.

That listing belonged to Lazaro Rivero of Rivero Real Estate, who had unit 7943 at Fisher Island’s Oceanside complex on the market for 139 days before closing at $2.35 million. The unit has two bedrooms, two bathrooms and direct ocean views from its private balcony — plus a pair of golf carts to sweeten the deal. Its price breaks down to $852 per square foot.

Next on the list was a $1.35 million corner unit at the Jade Residences tower in Brickell. After spending only 49 days on the market with Beatriz Vergara of Berkshire Hathaway Home Services Florida Realty, the two-bedroom, two-bathroom unit fetched roughly $718 per square foot. Its features include bay views, modern appliances, electric blinds and custom walk-in closets.

And the week’s third-priciest deal belonged to Joseph Swedroe of Williams Island Realty, who closed the $1.2 million purchase of unit 102 at the Kenilworth building in Bal Harbour after listing it for 138 days. The first-floor walkup is described as “old world luxury” in its listing, with hand-upholstered silk-covered walls, marble floors and a formal dining room. The two-bedroom, two-bathroom unit traded for $467 per square foot.

After those top three deals, the remaining seven of last week’s priciest condo trades ranged from $1.15 million to $730,000.

Miami-Dade as a whole saw 110 condos sell for a total of $36.05 million. Those figures held mostly steady from the previous week’s 108 sales and $35.51 million volume, though they’re a far cry from the 142 sales and $50.27 million volume seen at the end of June. Average prices were $327,813 per unit and $253 per square foot.

Here’s a breakdown of the data for the week of July 10 to July 16. Click on the map for more information: CondosandProperty_Updated

Most expensive
Oceanside #7943, Fisher Island | $2.35M | $852 psf | 139 days on market | Lazaro Rivero of Rivero Real Estate

Least expensive 
Hidden Bay #608, Aventura | $730,000 | $342 psf | 195 days on market | Denise Rubin of Berkshire Hathaway HomeServices Florida Realty

Most days on market
Pinnacle #504, Sunny Isles Beach | 585 days on market | $913,000 | $585 psf | Rene Ferrucho of Revic International Real Estate

Least days on market
Jade Residences #2011, Sunny Isles Beach | 49 days on market | $1.35M | $718 psf | Beatriz Vergara of Berkshire Hathaway HomeServices Florida Realty