Closed condo sales volume slipped but still remained relatively high in Miami-Dade last week thanks to a handful of pricey sales at the top.
A total of 126 condos sold for $62 million in Miami-Dade County, a decline from the previous week’s 209 closings for $80 million. Condos last week sold for an average price of about $492,000 or $326 per square foot.
The most expensive trade was the $10 million sale of a penthouse at Porsche Design Tower in Sunny Isles Beach. Unit 5205 sold for more than $1,600 per square foot after 151 days on the market. Ian Resner represented the seller of the four-bedroom, 6,121-square-foot unit, while Alex Miranda brought the buyer.
Next was the $2.8 million sale of Club Three Tower unit 1201 in Key Biscayne. The unit was on the market for 137 days before it sold for roughly $1,000 per square foot. The listing agent was Alejo Beteta, and Maite Narciso represented the buyer.
Here’s a breakdown of the top 10 sales from May 4 to May 11. Click on the map for more information:
Porsche Design Tower #5205 | 151 days on market | $10M | $1,634 psf | Listing agent: Ian Reisner | Buyer’s agent: Alex Miranda
Porto Vita #1205 | 252 days on market | $1M | $449 psf | Listing agent: Ruyam Rona Soysal | Buyer’s agent: Diane Lieberman
Most days on market
Louver House #303 | 394 days on market | $2.15M | $1,020 psf | Listing agent: Anna Sherrill | Buyer’s agent: Anna Sherrill
Fewest days on market
Murano at Portofino #1205 | 10 days on market | $1.73M | $1,226 psf | Listing agent: Marlene Goldman | Buyer’s agent: Marlene Goldman