Faena House unit sells for a loss: these were the 10 most expensive condo sales last week

Top 10 sales ranged from $1.6M to $7.5M

TRD MIAMI /
Oct.October 08, 2019 11:30 AM

Condo sales in Miami surged last week.

A total of 159 condos sold for $78 million in Miami-Dade County last week, which is up substantially from the 125 units that sold for a combined $49 million the previous week. Condos last week sold for an average price of about $492,000 or $330 per square foot.

The top sale of the week was at Glass in Miami Beach. Unit 1500 sold for $7.5 million, or over $2,200 per square foot, after about two weeks on the MLS. Anna Sherrill represented the seller, while Jacques Bouhadana brought the buyer.

The second most expensive closing was for a rare trade at Faena House. D South Beach LLC sold unit 5C for nearly $4.6 million, or $2,044 per foot. The seller is tied to the Deighton family of London. Paul Deighton is a British politician and former investment banker. The family’s Faena House unit previously traded for $5.75 million, which means it just sold for 20 percent less. Bill Hernandez and Bryan Sereny represented the buyer and seller.

Here’s a breakdown of the top 10 sales from Sept. 29 to Oct. 5. Click on the map for more information:

Most expensive
Glass #1500 | 14 days on market | $7.5M | $2,213 psf | Listing agent: Anna Sherrill | Buyer’s agent: Jacques Bouhadana

Least expensive
Lake Villa Two Condo #204 | 52 days on market | $1.6M | $573 psf | Listing agent: Ingo Viehweg | Buyer’s agent: Ingo Viehweg

Most days on market
The Ocean Club #604 | 232 days on market | $1.68M | $674 psf | Listing agent: Douglas Kinsley | Buyer’s agent: Ana Salib

Fewest days on market
Fendi Chateau #303 | 1 day on market | $4.5M | $1,353 psf | Listing agent: Diego Arnaud | Buyer’s agent: Diego Arnaud


Related Articles

arrow_forward_ios
Oceanside Fisher Island and a map of condo sales (Credit: Google Maps)

Weekly condo sales volume in Miami drops below $40M

Weekly condo sales volume in Miami drops below $40M
A map of condo sales and Setai in Miami Beach (Credit: Google Maps)

Weekly condo sales volume in Miami drops to $50M

Weekly condo sales volume in Miami drops to $50M
A map of Miami condo sales and Ocean Tower Two (Credit: Google Maps)

Miami condo sales decline going into October

Miami condo sales decline going into October
(Google Maps, Realtor)

Miami condo sales and dollar volume both rise at end of September

Miami condo sales and dollar volume both rise at end of September
Four Seasons Residences at the Surf Club in Surfside

Miami condo sales go up, but dollar volume falls

Miami condo sales go up, but dollar volume falls
Map of condo sales and the Surf Club Four Seasons (Credit: Google Maps)

Down again: Miami condo sales declined last week

Down again: Miami condo sales declined last week
From left: Henry Torres, Jorge Perez, Alicia Cervera Lamadrid, Gil Dezer and Joseph Kavana (iStock)

“Anything and everything is negotiable”: Incentives for condo buyers mount in Miami

“Anything and everything is negotiable”: Incentives for condo buyers mount in Miami
Map of condo sales and Grove at Grand Bay at 2675 South Bayshore Drive (Credit: Google Maps)

Miami condo sales rise in first week of September

Miami condo sales rise in first week of September
arrow_forward_ios

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

Loading...