UPDATED October 13 9:35 a.m.: Miami-Dade County’s condo market looked like it was finally getting over its fall doldrums by the end of September, but Hurricane Matthew and the Jewish holiday of Rosh Hashana proved to be a knockout punch for the first week of October. Sales volume plummeted last week, and condo trades as low as $420,000 snuck into the county’s top 10 priciest unit deals.
The week was led by unit 1002N at the Oceana Key Biscayne, which sold for $6.5 million after sitting on the market for 176 days with Giulietta Ulloa of Esslinger Wooten Maxwell. The four-bedroom, four-and-a-half-bathroom condo’s ocean views and modern style fetched $1,805 per square foot. Its features include Italian doors, custom built closets, porcelain floors and an open kitchen.
In the No. 2 spot was the three-bedroom, three-bathroom unit 2203 in Miami Beach’s La Tour building. After spending 315 days on the market with Michele Redlich of Coldwell Banker, the condo traded for $2.8 million, or $1,414 per square foot. It boasts a wraparound terrace, crown molding and direct ocean views from each room.
And the week’s third-priciest deal was a two-way tie between unit 1505 at Miami Beach’s Carillon and unit 803 at the Jade Residences in Brickell, both of which sold for $1.225 million. Both have water views, two bedrooms, wood floors and modern kitchens. But the Carillon condo boasted a higher price per square foot, selling for $862 per foot compared to the Jade Residence unit’s $708 per foot.
After those top sales, the remaining units in Miami-Dade’s top 10 priciest condo deals last week ranged from $605,000 to $420,000.
Miami-Dade as a whole saw only $25.8 million in condo sales last week, spread over 65 units. That’s a meteoric drop from the previous week, which saw 172 units trade for $63 million. Average prices were $397,280 per unit and $296 per square foot.
Oceana Key Biscayne #1002N, Key Biscayne | $6.5M | $1,805 psf | 176 days on market | Giulietta Ulloa of Esslinger Wooten Maxwell
The Mark on Brickell #3009, Brickell | $420,000 | $368 psf | 28 days on market | Maria Lazbal of Miami One Real Estate
Most days on market
The Jefferson #5, South Beach | 551 days on market | $605,000 | $760 psf | Michael Feuling of Miami Investment Property LLC
Least days on market
The Mark on Brickell #3009, Brickell | 28 days on market | $420,000 | $368 psf | Maria Lazbal of Miami One Real Estate
Correction: A previous version of this article, citing data from the MLS, incorrectly stated James Pozo of James Pozo Realty had the listing for unit 2203 in the La Tour building. The listing agent was actually Michele Redlich.