Miami-Dade County condo market’s summer slowdown shows no sign of stopping. For each of the past three weeks, county condo volume has hovered in the $40 to $50 million range, with only a handful of multimillion-dollar deals.
Last week’s priciest deal belonged to Chad Carroll of Douglas Elliman, who closed the $5.4 million sale of a Majestic Towers penthouse in Bal Harbour. After listing the unit for 91 days, Carroll sealed the deal at $1,058 per square foot. Penthouse No. T1 features four bedrooms, six bathrooms, a wraparound terrace and unobstructed ocean views.
Following Carroll was David Pobiak of Beachfront Realty, who closed his listing of unit 4106 at the Acqualina tower in Sunny Isles Beach after 127 days. The three-bedroom, four-bathroom condo sold for $2.65 million, or about $968 per square foot. It boasts marble floors, ocean views and a “loft-like” floor plan.
And the week’s third-priciest deal came from Wilfredo Daniel of Avatar Real Estate Services, who sold unit 603 at Brickell’s Asia condominium for $2 million. After 152 days, the two-bedroom, two-bathroom condo fetched $846 per square foot. The unit has 12-foot ceilings, bay views and stainless-steel kitchen appliances.
After those top three deals, last week’s top 10 priciest condo sales ranged from $1.33 million to $815,000.
Miami-Dade saw 135 condos trade for a total of $46.87 million. Though the county had 16 more sales than the previous week, volume was down by roughly $3.4 million. That’s likely due to a decrease in average sales prices, which were $347,182 per unit and $247 per square foot.
Majestic Tower #T1, Bal Harbour | 91 days on market | $5.4M | $1,058 psf | Chad Carroll of Douglas Elliman
Champlain Towers North #208, Miami Beach | 90 days on market | $815,000 | $471 psf | Liza Samuel of Beachfront Realty
Most days on market
Icon South Beach #2106, South Beach | 397 days on market | $1.275M | $878 psf | Johns Lahmi of United Realty Group
Least days on market
Hamptons South #2603, Aventura | 49 days on market | $1.33M | $407 psf | Heloisa Arazi of AMG International Realty