Portofino Tower closing leads Miami-Dade weekly condo sales
Top 10 sales ranged from $1.7M to $8.8M
Miami-Dade’s condo sales tumbled again last week.
Total sales, dollar volume, average price, and average price per square foot all dropped, continuing the trend from the previous week.
Brokers closed 133 sales last week, down from 145 the week prior. Total dollar volume reached $98 million, versus $127 million the week earlier. The latest sales averaged $740,000, also down from $935,000. The average price per square foot fell to $525 from $543, according to data from condo.com.
Last week, a Portofino Tower condo in Miami Beach snagged the top spot at $8.8 million. John Lennon with South Pointe Drive Realty had the listing for unit 3105 at 300 South Pointe Drive. Jacob Abdala with Legacy Plus Realty represented the buyer. The condo spent 482 days on the market and closed at $1,614 per square foot.
The runner-up was a sale at Brickell Flatiron in Miami. Unit TH1802 at 1000 Brickell Plaza sold for $4.5 million — or $1,126 per square foot — after 65 days on the market. Nelson Gonzalez with Berkshire Hathaway HomeServices EWM Realty had the listing. Jordan Lederman with Fortune International Realty represented the buyer.
Here’s a breakdown of the top 10 sales from April 9th to April 15th:
Most Expensive
Portofino Tower, 300 South Pointe Drive, unit 3105 in Miami Beach | Price $8,800,000 | $1,615 psf | Listing agent: John Lennon with South Pointe Drive Realty | Buyer’s agent: Jacob Abdala with Legacy Plus Realty | Days on market: 482
Least Expensive
Trump Towers, 16001 Collins Avenue, unit 2702 in Sunny Isles Beach | Price $1,650,000 | $834 psf | Listing agent: Marco Cunha with Prestige Luxury Real Estate | Buyer’s agent: Lucila Maltagliati with One Sotheby’s Int’l Realty | Days on market: 69
Highest Price Per Square Foot
1 Hotel & Homes, 102 24th Street, unit 1244 in Miami Beach | Price $4,500,000 | $2,477 psf | Listing agent: Jennifer Restrepo with EXP Realty | Buyer’s agent: Patty Marun with Suma Luxury Realty | Days on market: 240
Lowest Price Per Square Foot
Key Colony, 151 Crandon Boulevard, unit 824 in Key Biscayne | Price $2,360,000 | $770 psf | Listing agent: Geysa Guarconi with Luft Realty | Buyer’s agent: Jorge Boj with Great Properties Int’l | Days on market: 195
Most Days on Market
Portofino Tower, 300 South Pointe Drive, unit 3105 in Miami Beach | Price $8,800,000 | $1,615 psf | Listing agent: John Lennon with South Pointe Drive Realty | Buyer’s agent: Jacob Abdala with Legacy Plus Realty | Days on market: 482
Fewest Days on Market
Mei Condo, 5875 Collins Avenue unit 2102, in Miami Beach | Price $3,850,000 | $2,232 psf | Listing agent: Ryan Mendell with Maxwell E. Realty | Buyer’s agent: Ryan Mendell with Maxwell E. Realty | Days on market: 8
