Miami condo sales trickle in before year’s end

Top 10 sales ranged from $701K to $2.1M

TRD MIAMI /
Dec.December 31, 2019 09:45 AM

Miami condo sales, which surged ahead of the holidays, dropped dramatically in the last full week on 2019.

A total of 88 condos sold for $33 million last week, compared to 158 units that sold for a combined $83 million the previous week. Condos last week sold for an average price of about $375,000 or $301 per square foot.

Zar Apparel Group principals Mansour Zar and Bobby Zar sold the most expensive condo last week. Property records show a company owned by the father and son sold unit 2914/2916 at the Fontainebleau II/Tresor building in Miami Beach for $2.1 million, or $1,349 per square foot. Michele Redlich represented the sellers, and a non-Multiple Listing Service member represented the buyer. It was on the market for just 32 days.

The second most expensive condo sale was the $2 million trade of Setai unit 2401, also in Miami Beach. Ryan Mendell represented the buyer and seller. The condo was on the market for 105 days, and sold for just under $1,700 per square foot.

Here’s a breakdown of the top 10 sales from Dec. 22 to Dec. 28. Click on the map for more information:

Most expensive
Fontainebleau II/Tresor #2914/2916 | 32 days on market | $2.1M | $1,349 psf | Listing agent: Michele Redlich

Least expensive
St. Tropez #TH-401 | 185 days on market | $701K | $332 psf | Listing agent: Rogerio Silva | Buyer’s agent: Alexander Kronfeld

Most days on market
Williams Island 7000 #707 | 458 days on market | $838K | $292 psf | Listing agent: Claudia Urrego | Buyer’s agent: Aaron Gurland

Fewest days on market
Fontainebleau II/Tresor #2914/2916 | 32 days on market | $2.1M | $1,349 psf | Listing agent: Michele Redlich


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