The second week of October made up for the Miami-Dade County condo market’s abysmal start to the month, posting solid gains in sales volume and a well-rounded list of top 10 condo deals that all broke the $1 million price barrier.
Leading the pack last week was an oceanfront condo at the Majestic Towers Bal Harbour, which traded for $5.1 million. Unit 1405-6 was on the market for 62 days with Coldwell Banker’s The Jills before closing. Its four bedrooms, five bathrooms, floor-to-ceiling windows, marble floors and wraparound balcony fetched $1,017 per square foot.
Following that deal was the $3.73 million sale of unit 1509 at the Trump Grande in Sunny Isles Beach. Giulietta Ulloa listed the unit for 206 days before it closed at $922 per square foot. The four-bedroom, three-bathroom condo features direct ocean views, a private elevator, plus plush finishes like Venetian plaster and motorized window shades.
And the week’s third-priciest trade was for unit 1101 at the Continuum South Tower in South Beach. The two-bedroom, two-and-a-half-bathroom condo sold for $2.85 million after spending 212 days on the market with Jonathan Corso of Coldwell Banker. Its purchase price breaks down to $1,791 per square foot. The unit boasts stainless steel appliances, views of Government Cut and 10-foot ceilings.
After those top three deals, the remainder of Miami-Dade’s 10 priciest condo sales ranged from $2 million to $1.16 million.
The county as a whole saw condo sales volume reach $52.69 million over 123 units, marking a big improvement over the previous week, which had only $25.8 million in sales from 65 units. Average prices were $428,368 per unit and $313 per square foot.
Majestic Towers #1405, Bal Harbour | 62 days on market | $5.1M | $1,017 psf | The Jills of Coldwell Banker
Ocean Club Resort Villa 1 #PH-7, Key Biscayne | 131 days on market | $1.16M | $800 psf | Douglas Kinsley of Fortune International Realty
Most days on market
Turnberry Ocean Colony #401, Sunny Isles beach | 483 days on market | $1.9M | $579 psf | Lana Bell of One Sotheby’s International Realty
Least days on market
The Mark on Brickell #PH-210, Brickell | 38 days on market | $1.26M | $663 psf | Haissam Jaber of Compass