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

Closing prices in the top 10 deals ranged from $1.2M to $7.4M

Miami /
Aug.August 21, 2018 11:30 AM

School’s back in session, and so are condo sales in Miami-Dade County.

Condo sales totaled 114 closings for a combined $54 million, about $2.4 million more than the previous week and seven fewer units. Condos last week sold for an average price of about $473,000 or about $312 per square foot.

The priciest deal was for unit 4405 at the high-profile Porsche Design Tower in Sunny Isles Beach. The five-bedroom, 6,684-square-foot condo, listed with Eduardo Martinez, sold for $7.4 million. Martinez represented the buyer. Property records show the unit sold at a loss of about $4.4 million since it last sold in March 2017. It’s been and off the market, more recently listed for only 48 days.

The second-priciest unit last week was the $4 million sale of unit 1204 at the Bath Club in Miami Beach. It was listed for 355 days with Jill Eber, and the unit sold for about $1,000 per foot. Pietro Belmonte represented the buyer.

Here’s a breakdown of the top 10 sales from Aug. 12 to Aug. 18. Click on the map for more information:

Most expensive
Porsche Design Tower #4405, Sunny Isles Beach | 48 days on market | $7.4M | $1,107 psf | Listing agent: Eduardo Martinez | Buyer’s agent: Eduardo Martinez

Least expensive
Marquis Miami #4401, Miami | 534 days on market | $1.17M | $556 psf | Listing agent: Ruddy Arevalo | Buyer’s agent: Maria Gomez

Most days on market
Marquis Miami #4401, Miami | 534 days on market | $1.17M | $556 psf | Listing agent: Ruddy Arevalo | Buyer’s agent: Maria Gomez

Fewest days on market
Porsche Design Tower #4405, Sunny Isles Beach | 48 days on market | $7.4M | $1,107 psf | Listing agent: Eduardo Martinez | Buyer’s agent: Eduardo Martinez


Related Articles

arrow_forward_ios
From left: Sandra Fiorenzo and Heinrich Von Hanau with 1003 and 1004 Links Estates Drive
Heinrich Von Hanau sells two Links Estates lots for $13M
Heinrich Von Hanau sells two Links Estates lots for $13M
(Photo Illustration by The Real Deal with Getty Images)
Want more South Florida land? Buy out your neighbors
Want more South Florida land? Buy out your neighbors
A photo illustration of 12203 Tillinghast Circle in Palm Beach Gardens (top) and 6300 North Bay Road in Miami Beach (Getty Images, Old Palm Golf Club, Coldwell Banker)
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Ken Griffin in the center, with Brickell (right) and Palm Beach (below)
Ken Griffin’s Citadel comes to Brickell — and supercharges the market
Ken Griffin’s Citadel comes to Brickell — and supercharges the market
Companies principal Alan Macken with Koya Bay
Macken scores $16.5M construction loan for Koya Bay townhome development in North Miami Beach
Macken scores $16.5M construction loan for Koya Bay townhome development in North Miami Beach
Austin Rosen and 6417 Pine Tree Drive Circle (Zillow, Getty)
Hit repeat: Music exec Austin Rosen buys next-door waterfront Miami Beach home for $12.5M
Hit repeat: Music exec Austin Rosen buys next-door waterfront Miami Beach home for $12.5M
Frist Cressey Ventures Bryan Cressey with the property at 2315 S Ocean Blvd. in Palm Beach (Zillow, FCVentures, Illustration by Priyanka Modi for The Real Deal with Getty)
Venture capitalist sells oceanfront Palm Beach compound for $49M
Venture capitalist sells oceanfront Palm Beach compound for $49M
Clockwise from top left: One Sotheby’s Jorge Uribe, Compass' Ida Schwartz, Fortune International Group's Edgardo Defortuna and Royal Palm Companies' Dan Kodsi (Illustration by Kevin Rebong for The Real Deal)
Slowdown hits South Florida’s hot resi market: Here’s what that means
Slowdown hits South Florida’s hot resi market: Here’s what that means
arrow_forward_ios

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

Loading...