The Real Deal Miami

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

Top deal was for oceanfront penthouse in Key Biscayne
By Sean Stewart-Muniz | December 05, 2016 03:00PM

Miami-Dade County’s deal makers were back in force last week after a Thanksgiving break left the condo market in a slump. Sales volume was back in a big way, and all but one of the county’s 10 priciest sales were above $1 million.

At the top of the list last week was an oceanfront penthouse in Key Biscayne’s Ocean Club Tower II, which sold for $3.85 million. The three-bedroom, 3.5-bathroom condo had spent 212 days on the market with Douglas Kinsley of Fortune International Realty before fetching $1,248 per square foot. It features designer finishes like marble floors, floor-to-ceiling windows and 10-foot ceilings.

Not far behind was another penthouse, this time at the newly built 1 Hotel & Homes complex in South Beach. With two bedrooms, two bathrooms, white oak floors and downtown views, the condo traded for $3.589 million, or about $2,118 per square foot. Carolina Rainer of Douglas Elliman had the listing, which took 172 days to close.

And the week’s third-priciest deal went down in the Trump Royale in Sunny Isles Beach, where a three-bedroom, 3.5-bathroom condo brought in $2.35 million. The unit, which has a custom mahogany elevator entrance and wide-tile floors, spent 92 days on the market before closing at $779 per square foot. Vivian Aponte Blane of Keyes Realtors was the listing agent.

After those top three deals, Miami-Dade’s 10 priciest sales ranged from $2.1 million to $950,000.

The county saw 177 sales last week for a total of $62.3 million. That’s a considerable improvement from the 89 sales and $25.15 million that closed the previous week. Average prices were $351,991 per unit and $271 per square foot.

Here’s a breakdown of the data for the week of November 27 to December 3. Click on the map for more information: CondosandProperty_Updated

Most expensive
Ocean Club Tower II #PH05, Key Biscayne | $3.85M | $1,248 psf | 212 days on market | Douglas Kinsley of Fortune International Realty

Least expensive 
The Tiffany of Bal Harbour #1103, Bal Harbour | $950,000 | $470 psf | 154 days on market | Teodoro Palmieri of Elite Ocean View Realty

Most days on market
Azure #702, Surfside | 365 days on market | $1.345M | $691 psf | Marcelo Pagelsohn of Keyes Realtors

Least days on market
Trump Palace #4209, Sunny Isles Beach | 17 days on market | $2.1M | $862 psf | Jorge Uribe of One Sotheby’s International Realty