Miami-Dade condo sales fall in April to $647M

Miami-Dade County’s condo market weakened in April, with sales and dollar volume lower than in March.

April condo sales totaled $647 million, down from $808 million in March. February’s total was $544 million.

Brokers closed 930 sales in April, compared to 1,034 in March and 720 in February, MLS data from Redfin show. April sale prices ranged from $85,000 to $17.8 million, with a median sale price of $410,000. Price per square foot ranged from $94 to $3,900, with a median of $432 per square foot.

Unit Ph-01S at the Grove at Grand Bay at 2675 South Bayshore Drive in Miami snagged April’s title of priciest deal at $17.8 million — or $1,860 per square foot. Miltiadis Kastanis and James Hait, both with Douglas Elliman, had the listing. Liz Hogan with Compass Florida represented the buyer. The condo spent 275 days on the market.

It’s a drop from last month’s top sale, in which a Fisher Island condo traded for $21 million.

April’s cheapest trade was a condo at the Star Lakes Estate in Miami. Unit 725 at 303 Northeast 187th Street sold for $85,000. The deal breaks down to $94 per square foot. Ana Palomino with Beachfront Realty had the listing, and Gelen Barrera, with Grand Realty of America, represented the buyer. The condo spent 412 days on the market.

It’s the first time since January that the Zurich Condo in North Miami wasn’t the cheapest sale.

Here’s a breakdown of April’s notable condo sales:

Most Expensive

Grove At Grand Bay, 2675 South Bayshore Drive, unit Ph-01S in Miami | Price $17,750,000 | $1,860 psf | Year built: 2016 | Listing agents: Miltiadis Kastanis and James Hait, with Douglas Elliman | Buyer’s agent: Liz Hogan with Compass Florida

Least Expensive

Star Lakes Estates, 303 Northeast 187th Street, unit 725 in Miami | Price $85,000 | $94 psf | Year built: 1969 | Listed by: Ana Palomino with Beachfront Realty | Buyer’s agent: Gelen Barrera with Grand Realty of America

Highest Price Per Square Foot

Apogee Condo, 800 South Pointe Drive, unit 1201 in Miami Beach | Price $16,200,000 | $3,900 psf | Year built: 2008 | Listing agents: Jill Hertzberg and Jill Eber with Coldwell Banker Realty | Buyer’s agent: Gerrit Kocks with OWN Realty

Lowest Price Per Square Foot

Star Lakes Estates, 303 Northeast 187th Street, unit 725 in Miami | Price $85,000 | $94 psf | Year built: 1969 | Listed by: Ana Palomino with Beachfront Realty | Buyer’s agent: Gelen Barrera with Grand Realty of America

Newest

Estates At Acqualina, 17901 Collins Avenue, unit 1605, in Sunny Isles Beach | Price $11,625,000 | $2,226 psf | Year built: 2022 | Listing agents: Sandra Pariente with Charles Rutenberg Realty

Oldest

Venetian Manor Condo, 934 Michigan Avenue, unit 108, in Miami Beach | Price $285,000 | $528 psf | Year built: 1925 | Listing agent: Alessandro De Sousa with Compass Florida