The Real Deal Miami

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

Top deal was $2.1M for a 2,428 sf unit at Chateau Beach Residences
By Katherine Kallergis | January 09, 2017 03:45PM

Miami-Dade County’s condo market is starting to bounce back following the holiday break. Sales volume was up from the previous week by more than $10 million and with four condos trading for more than $1 million.

The most expensive condo to close last week was at the recently completed Chateau Beach Residences, 34-story tower in Sunny Isles Beach. Unit 2303 sold for $2.1 million, or about $865 per square foot. Liliya Shmatenkova of Exclusively Baronoff Realty had the 2,428-square-foot condo on the market for 258 days before it sold. The listing tells buyers to “hurry up” as the owner was “very motivated to sell.” The building was completed a month before an explosion shut the project down to residents for less than a year, which led to some buyers filing lawsuits against the developer and contractors.

Following the Chateau Beach deal, the second most expensive was the $1.9 million sale of a combined unit in the Sunset Harbour neighborhood of Miami Beach. Unit 2202/4 at Sunset Harbour sold for $846 per square foot after spending more than three months on the market with Rachelle Kaplan of Kerdyk.

In third place was the $1.725 million sale of another unit in Sunny Isles. Unit 2306 at 19333 Collins Avenue sold for $827 per square foot. Svetlana Izgarsheva had the listing.

Closing prices ranged from $2.1 million to the $420,000 sale of a unit in Aventura.

The county saw 73 condos sell last week for $25.2 million. Despite fewer sales, that’s a boost in sales volume compared to the previous week’s $16.4 million. Average prices were $345,000 per unit and $262 per square foot.

Here’s a breakdown of the data for the week of Jan. 1 to Jan. 7. Click on the map for more information: CondosandProperty_Updated

Most expensive
Chateau Beach Residences, #2303 | 258 days on market | $2.1 million | $865 psf | Liliya Shmatenkova of Exclusively Baronoff Realty

Least expensive 
Harbor Towers #1404 | 350 days on market | $410,000 | $281 psf | Ana Aizenstat of Coldwell Banker

Most days on market

Harbor Towers #1404 | 350 days on market | $410,000 | $281 psf | Ana Aizenstat of Coldwell Banker

Least days on market

The Balmoral #16S, Bal Harbour | 34 days on market | $1.5 million | $772 psf | Nicole Bouhadana of Beachfront Realty