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The Real Deal Miami

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

Closing prices in the top 10 deals ranged from $1.1M to $13M
By Katherine Kallergis | January 03, 2018 12:40PM

The holiday week appears to have slowed condo sales in Miami-Dade County.

Nearly 100 units sold for about $52 million in the week leading up to the New Year, down from the previous week’s $60.5 million sales volume. Condos sold for an average price of about $537,000, or nearly $330 per square foot.

The $13 million sale of unit 6A at Faena House led the pack. Alex Blavatnik, brother of energy billionaire Len Blavatnik, sold the four-bedroom, 4,730-square-foot unit, after it sat for 819 days on the market, with listing agent Oren Alexander of Douglas Elliman. The closing price marks a nearly 19 percent discount off the original $16 million ask. Elena Bluntzer of One Sotheby’s International Realty represented the buyer.

The second most expensive condo deal occurred at the W South Beach, where Unit 1428/30 traded hands for $4.5 million, or more than $1,900 per square foot, after 102 days on the market. Ivan Chorney of One Sotheby’s represented the seller, and Marie Josee Trincaz of Keller Williams brought the buyer.

Closing prices in the top 10 deals ranged from $1.1 million to $13 million.

Here’s a breakdown of the data from Dec. 24 to Dec. 30. Click on the map for more information:

Most expensive
Faena House #6A, Miami Beach | 819 days on market | $13M | $2,748 psf | Listing agent: Oren Alexander | Buyer’s agent: Elena Bluntzer

Least expensive
Hamptons South #508, Aventura | 83 days on market | $1.1M | $337 psf | Listing agent: Brigitte Lombari | Buyer’s agent: Milene Yohros

Most days on market
Faena House #6A, Miami Beach | 819 days on market | $13M | $2,748 psf | Listing agent: Oren Alexander | Buyer’s agent: Elena Bluntzer

Fewest days on market
Ritz-Carlton Coconut Grove #1901, Miami | 28 days on market | $1.3M | $510 psf | Listing agent: Mitzi Mitchell | Buyer’s agent: Raul Rivero