Miami condo sales experience bump during Art Basel

Top 10 sales ranged from $975K to $5.1M

Miami /
Dec.December 09, 2019 12:30 PM

As deals for expensive artworks closed, so did those for luxury condos.

A total of 116 condos sold for $49 million last week during Miami Art Week, compared to 74 units that sold for a combined $30 million the previous week. Condos last week sold for an average price of about $422,000 or $294 per square foot.

The top sale was the $5.1 million trade of Ocean Tower II unit 208 in Key Biscayne. The six-bedroom, 6,701-square-foot condo was on the market for 338 days before it sold. Brigitte Nachtigall is the listing agent, while Geraldine Lanusse represented the buyer. It sold for under $800 per square foot.

Unit 612 in the south tower of the Surf Club Four Seasons in Surfside sold for $4.45 million, or $1,551 per square foot. It was on the market for 160 days before selling. The listing agent was Charlotte Maietto and the buyer’s agent was Karim Daneri.

Here’s a breakdown of the top 10 sales from Dec. 1 to Dec. 7. Click on the map for more information:

Most expensive
Ocean Tower II Condo #208 | 338 days on market | $5.1M | $761 psf | Listing agent: Brigitte Nachtigall | Buyer’s agent: Geraldine Lanusse

Least expensive
Towers of Key Biscayne #C507 | 592 days on market | $975K | $547 psf | Listing agent: Maureen Jauregui | Buyer’s agent: Fernando Echeverri

Most days on market
Acqualina #1901 | 861 days on market | $2.15M | $786 psf | Listing agent: Michael Goldstein | Buyer’s agent: Adriana Vargas Hernandez

Fewest days on market
Akoya #901 | 13 days on market | $1.15M | $653 psf | Listing agent: Mickael Lancri | Buyer’s agent: Mickael Lancri


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