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

Miami /
Aug.August 09, 2016 08:45 AM

While the end of July carried the weight for Miami-Dade’s condo market for that month, the beginning of August marked another slow week for condo sales.

Last week’s top deals were led by a beachfront unit at Il Villaggio in Miami Beach. With two bedrooms, 2.5 bathrooms and a custom Italian kitchen, unit 1204 fetched $2.95 million, or a whopping $1,777 per square foot – the highest per-square-foot price hit last week. Janice Christensen of Douglas Elliman had the unit on the market for 246 days before closing.

Following that sale was penthouse unit 3E/F at the New Wave condo complex in Miami, which sold for $1.34 million. David Pulley, also of Douglas Elliman, had the listing for combined penthouse, a three-bedroom, 2.5-bathroom unit with an 1,800-square-foot terrace. The deal, which closed after 107 days, breaks down to $583 per square foot.

And the third most-expensive deal was for unit D1008 at the Towers of Key Biscayne. After listing the unit for 142 days, Maureen Jauregui of Fortune International Realty closed the sale at $1.25 million. The two-bedroom, two-bathroom unit’s purchase price equates to $701 per square foot.

Following those top three deals, the remaining seven of last week’s priciest deals ranged from $1.15 million to $800,000. Half of the top 10 deals were more than $1 million.

After a slow July, Miami-Dade’s condo market entered August with 119 sales and $40.5 million transaction volume. The previous week saw a volume of 148 sales and $43.8 million. Average prices were $340,708 per unit and $255 per square foot.

Here’s a breakdown of the data for the week of July 31 to Aug. 6. Click on the map for more information:

Most expensive
Il Villaggio #1204, Miami Beach | $2.95M | $1,777 psf | 246 days on market | Janice Christensen of Douglas Elliman

Least expensive 
Castle Beach Club #BTH2, Miami Beach | $800,000 | $746 psf | 95 days on market | Ray Betancourt of Keyes Company

Most days on market
Epic Residences #4008, downtown Miami | 434 days on market | $850,000 | $567 psf | Barbara Elmir of Cervera Real Estate

Least days on market
Blue Condo #1812, Miami | 68 days on market | $817,500 | $437 psf | Mark Mattsson of Esslinger Wooten Maxwell


Related Articles

arrow_forward_ios
Intech Investment Management's Robert Garvy and Warner Pacific Insurance Services' John J. Nelson with The Bristol Palm Beach at 1100 South Flagler Drive
Financier sells Bristol condo in West Palm for $21M
Financier sells Bristol condo in West Palm for $21M
Suzanne Amaducci-Adams, Len Blavatnik, George Gleason, Josh Zegen, and Russell Galbut
Here are South Florida’s top construction loans of the past year
Here are South Florida’s top construction loans of the past year
From left: Tony Pettiti, Krispy Creme's Michael Tattersfield, and BitPay's Stephen Pair with 1500 Beach Road
Jeffrey Soffer sells out SeaGlass for $169M — here’s who’s moving in
Jeffrey Soffer sells out SeaGlass for $169M — here’s who’s moving in
Miami Skyline
South Florida by the numbers: A look back at 2022
South Florida by the numbers: A look back at 2022
From left: Taylor Collins and Jon Paul Perez with Rivage
Related, partners launch sales of Bal Harbour condos, with PH asking over $65M
Related, partners launch sales of Bal Harbour condos, with PH asking over $65M
From left: Charles Kushner, Laurent Morali, David Arditi, and Nicole Kushner Meyer along with renderings of 1900-2000 Biscayne (left) and 2222 Brickell Avenue (right) (Getty, Kushner Companies, Aria Development Group)
Miami board to vote on Kushner’s Edgewater rental project, Aria’s Brickell condo building
Miami board to vote on Kushner’s Edgewater rental project, Aria’s Brickell condo building
From left: Edgardo Defortuna, Dan Catalfumo, and Carlos Rosso with The Ritz-Carlton Residences
Inside South Florida’s branded condo tower boom
Inside South Florida’s branded condo tower boom
Chain's Deepak Thapliyal with 8955 Collins Avenue (Chain via Twitter, Google Maps, Getty)
Arte Surfside PH purchased with crypto sells at a loss for $18M
Arte Surfside PH purchased with crypto sells at a loss for $18M
arrow_forward_ios

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

Loading...