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

Closing prices in the top 10 deals ranged from $750K to $7.5M

Miami /
Jan.January 09, 2018 02:00 PM

The first week of 2018 was a painfully slow one for the Miami-Dade condominium market.

Only 55 units sold for a total of $34 million last week, down from the previous week’s $52 million sales volume for about 100 units. Condos last week sold for an average price of about $626,000, or nearly $350 per square foot.

The priciest deal was for unit 701 at the Apogee. The South Beach condo closed for $7.45 million, or nearly $1,800 per square foot. John Lennon of South Pointe Drive Realty represented the seller, and Cristiana Machado at Cervera Real Estate represented the buyer. The four-bedroom, 4,154-square-foot unit was on the market for more than 36 months before it sold.

The second most expensive condo sale was at the St. Regis in Bal Harbour. Unit 1802N, a 3,128-square-foot condo, traded hands for just under $5 million after spending 138 days on the market with Douglas Elliman’s Oren Alexander. Kinga Konsorska of Cervera represented the buyer.

Closing prices in the top 10 deals ranged from $750,000 to $7.5 million.

Here’s a breakdown of the top 10 deals from Dec. 31 to Jan. 6. Click on the map for more information:

Most expensive
Apogee #701, Miami Beach | 437 days on market | $7.45M | $1,800 psf | Listing agent: John Lennon | Buyer’s agent: Cristiana Machado

Least expensive
Costa Bravo #411, Miami Beach | 198 days on market | $750k | $391 psf | Listing agent: Shane Graber | Buyer’s agent: Samuel Soriero

Most days on market
Bal Harbour Tower #PH3H, Bal Harbour | 470 days on market | $3.4M | $683 psf | Listing agent: Agnieska Gray | Buyer’s agent: Chani Lipskar

Fewest days on market
One Tequesta Point #808, Miami | 45 days on market | $785k | $479 psf | Listing agent: James Michael Bryan | Buyer’s agent: Elsie Gattas


Related Articles

arrow_forward_ios
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Chris Lorenzen and Richard W. Gray III with Apogee at 800 South Pointe Drive in Miami Beach (LinkedIn, DJR Enterprises, Apogee Condo South Beach)
Securities trading CEO buys Apogee condo in South Beach for $12M
Securities trading CEO buys Apogee condo in South Beach for $12M
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
Jacques Barbera and 800 South Pointe Drive (Google Maps)
Bar Invest Group chief sells Apogee condo in South Beach for $8M
Bar Invest Group chief sells Apogee condo in South Beach for $8M
Derek Jeter and his Tampa mansion (Getty, Smith & Associates Real Estate/Luxury Portfolio International)
Jeter sells waterfront Tampa estate for record $23M
Jeter sells waterfront Tampa estate for record $23M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
(Google Maps)
Weekly condo sales and dollar volume drop in Miami-Dade
Weekly condo sales and dollar volume drop in Miami-Dade
Edward Rose and the unit (Douglas Elliman, iStock)
Maxim Group vice chairman buys Apogee condo
Maxim Group vice chairman buys Apogee condo
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...