The Real Deal Miami

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

Closing prices in the top 10 ranged from $10.1M to $665k
By Katherine Kallergis | February 14, 2017 10:30AM

Condo sales in Miami-Dade nearly held steady with a slight decline in sales volume, and the majority of units in the top 10 sold for over the $1 million mark.

The priciest unit to close last week was at Regalia in Sunny Isles Beach. The full-floor unit spans 7,600 square feet and spent 293 days on the market before it sold. One Sotheby’s International Realty’s Rose Marie Minio listed the condo, which sold for nearly $1,330 per square foot, or $10.1 million. The closing price is a reduction from its original $13.5 million ask, chopped to $10.95 million in November.

The second most expensive condo to sell last week was at Ocean Club in Key Biscayne. After 345 days on the market, unit 1508 traded for $7 million, or $1,344 per square foot. Brigitte Nachtigall of Great Properties International Realty, a Key Biscayne firm, was the listing agent.

The county saw 109 condos sell last week for $54.5 million. That marks a slight decrease in total sales volume from the previous week’s $57.3 million, but fewer condos sold. Average prices were about $500,000 per unit and $284 per square foot.

Closing prices in the top 10 ranged from $10.1 million to $665,000.

Here’s a breakdown of the data for the week of Feb. 5 to Feb. 11. Click on the map for more information:

CondosandProperty_Updated

Most expensive

Regalia #37, Sunny Isles Beach | 293 days on market | $10.1M | $1,329 psf | Rose Marie Minio of One Sotheby’s International Realty

Least expensive 

Carlisle on the Ocean #602, Surfisde | 158 days on market | $665k | $605 psf | Patricia Mendoza of Optimar International Realty

Most days on market

Ocean Club #1508, Key Biscayne | 345 days on market | $$7M | $1,344 psf | Brigitte Nachtigall of Great Properties International Realty

Least days on market

The Palace at Bal Harbour #11A, Bal Harbour | 34 days on market | $2M | $645 psf | Anderson Martins