Weekly condo sales dollar volume rises, led by $17M closing at Porsche Design Tower

Top 10 sales ranged from $3M to nearly $17M

Miami /
Jul.July 27, 2021 01:30 PM
The highest sale last week was a $17 million penthouse at Porche Design Tower (Porche)

The highest sale last week was a $17 million penthouse at Porche Design Tower (Porche)

Though fewer units sold than the previous week, condo sales volume rose in Miami-Dade last week. A $16.6 million closing at Porsche Design Tower led the week’s top deals.

A total of 215 condos sold for nearly $161 million last week, compared to 226 condos that sold for $138 million the week prior.

Units sold for an average price of about $747,000, up from $612,000 the previous week.

Lower penthouse unit 5205 at Porsche Design Tower scored the highest price of the week. Uruguayan billionaire Andres Bzurovski purchased the 6,121-square-foot unit for more than $2,700 per square foot. Alex Miranda and Joe Padula represented the seller, while Sebastian Tettamanti brought the buyer. It was on the market for nearly one year before it sold.

The second most expensive sale was the $5.8 million closing of unit 4205 at the Ritz-Carlton Residences, Sunny Isles Beach. The 4,115-square-foot condo traded for nearly $1,600 per square foot. Karen Reiter represented the seller, while Jack Esquenazi brought the buyer. It was on the market for 329 days before it sold.

Here’s a breakdown of the top 10 sales from July 18 to July 24.

Most expensive

Porsche Design Tower unit 5205 | 353 days on market | $16.6M | $2,712 psf | Listing agents: Alex Miranda and Joe Padula | Buyer’s agent: Sebastian Tettamanti

Least expensive

Residences by Armani/Casa unit 3703 | 69 days on market | $3M | $1,321 psf | Listing agent: Fernanda Ibarra | Buyer’s agent: Luciene Cofresi

Most days on market

Jade Signature unit 4003 | 872 days on market | $3.5M | $1,315 psf | Listing agent: Yara Gouveia | Buyer’s agent: Nadezhda Guro

Fewest days on market

Ritz-Carlton Residences, Sunny Isles Beach unit 1005 | 1 day on market | $4.9M | $1,529 psf | Listing agent: Sivan Koster | Buyer’s agent: Michael Gebhard





    Related Articles

    arrow_forward_ios
    Hotel Clifton at 1343 Collins Avenue (Google Maps, Getty)
    Hawkins Way Capital sells Clifton Hotel in South Beach
    Hawkins Way Capital sells Clifton Hotel in South Beach
    Chetrit Group’s Joseph Chetrit and Collins Park Hotel rendering (Getty, Chetrit Group)
    Chetrit nabs $83M construction loan for Collins Park project
    Chetrit nabs $83M construction loan for Collins Park project
    A&D Group Realty's Americo D’Agostini with Doral Shops at 11402 Northwest 41st Street (LinkedIn)
    Retail investors pay $57M for Doral shopping center
    Retail investors pay $57M for Doral shopping center
    Mayor Daniella Levine Cava along with a rendering of the planned megaproject outside Miami-Dade County’s Urban Development Boundary (Getty, State of Florida Division of Administrative Hearings)
    UDB battle not over: Megaproject opponents take fight to state
    UDB battle not over: Megaproject opponents take fight to state
    From left: The Trump Group's Jules Trump and Suffolk Construction's John Fish along with a rendering of the Estates at Acqualina (Photo Illustration by Steven Dilakian for The Real Deal with Getty, The Trump Group, and Weiss Serota Helfman Cole & Bierman, P.L.)
    Trump Group sues Suffolk again over delays at Sunny Isles project
    Trump Group sues Suffolk again over delays at Sunny Isles project
    Z Capital's James Zenni Jr. with Carillon Miami Wellness Resort at 6801 Collins Avenue (LinkedIn, Google Maps)
    Z Capital allegedly owes $2M legal bill: lawsuit
    Z Capital allegedly owes $2M legal bill: lawsuit
    Merrimac's Dev Motwan, Aria’s David Ardit and Merrimac’s Nitin Motwani with rendering of 600 Miami Worldcenter (LinkedIn, Miami Worldcenter)
    Aria, Merrimac nab Miami Worldcenter site for $18M
    Aria, Merrimac nab Miami Worldcenter site for $18M
    The site at 1431 North Bayshore Drive with Genting CEO Lim Kok Thay (Genting)
    Genting wants over $1B for waterfront Miami site
    Genting wants over $1B for waterfront Miami site
    arrow_forward_ios

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

    Loading...