Miami-Dade condo sales rise in May to $742M

$22M closing at Oceana Bal Harbour took the top spot

Grovenor House at 2627 South Bayshore Drive in Miami, The Fairchild Coconut Grove at 3581 E Glencoe Street in Miami, and Oceana Bal Harbour at 10201 Collins Avenue in Bal Harbour
Grovenor House at 2627 South Bayshore Drive in Miami, The Fairchild Coconut Grove at 3581 E Glencoe Street in Miami, and Oceana Bal Harbour at 10201 Collins Avenue in Bal Harbour (Google Maps)

Miami-Dade County’s condo market rebounded in May, with sales and dollar volume higher than in April, yet still lower than in March.

May condo sales totaled $742 million, up from $647 million in April. Brokers closed 985 sales in May, compared to 930 in April, MLS data from Redfin show. May sale prices ranged from $65,000 to $22 million, with a median sale price of $415,000. Price per square foot ranged from $90 to $4,245, with a median of $450 per square foot.

In March, 1,034 condo sales closed, totaling $808 million.

Oceana Bal Harbour unit 2803 took May’s title of priciest sale at $22 million — or $4,245 per square foot. Ruthie and Ethan Assouline, both with Douglas Elliman, had the listing. Kimberly Rodstein with Keller Williams Miami Beach represented the buyer. The condo spent 91 days on the market.

It’s a jump from last month’s top sale, when Unit Ph-01S at the Grove at Grand Bay at 2675 South Bayshore Drive in Miami traded for $17.8 million.

May’s cheapest trade, like April’s, was a condo at the Star Lakes Estates in Miami. Unit 309 at 19080 Northeast Third Street sold for $65,000 — $20,000 less than April’s cheapest. The May deal breaks down to $152 per square foot. Andrea Gomez Alviarez with London Foster Realty had the listing, and Ana Lagomarsino with Pixan Realty represented the buyer. The condo spent 37 days on the market.

Leaflet map created by Adam Farence | Data by © OpenStreetMap, under ODbl.

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

Most Expensive

Oceana Bal Harbour, 10201 Collins Ave, unit 2803 in Bal Harbour | Price $22,000,000 | $4,245 psf | Year built: 2017 | Listing agents: Ruthie and Ethan Assouline, both with Douglas Elliman | Buyer’s agent: Kimberly Rodstein with Keller Williams Miami Beach

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Least Expensive

Star Lakes Estates, 19080 Northeast Third Court, unit 309 in Miami | Price $65,000 | $152 psf | Year built: 1968 | Listing agent: Andrea Gomez Alviarez with London Foster Realty | Buyer’s agent: Ana Lagomarsino with Pixan Realty

Highest Price Per Square Foot

Oceana Bal Harbour, 10201 Collins Ave, unit 2803 in Bal Harbour | Price $22,000,000 | $4,245 psf | Year built: 2017 | Listing agents: Ruthie and Ethan Assouline, both with Douglas Elliman | Buyer’s agent: Kimberly Rodstein with Keller Williams Miami Beach

Lowest Price Per Square Foot

Star Lakes Estates, 19080 Northeast Third Court, unit 309 in Miami | Price $65,000 | $152 psf | Year built: 1968 | Listing agent: Andrea Gomez Alviarez with London Foster Realty | Buyer’s agent: Ana Lagomarsino with Pixan Realty

Newest

Acqualina Estates, 17975 Collins Avenue, unit 2701 in Sunny Isles Beach | Price $10,965,000 | $2,294 psf | Year built: 2023 | Listing agent: Karina Batievsky with Acqualina Realty | Buyer’s agents: Marla Cohen with Acqualina Realty and Kerri Meeks with KeySource

Oldest

Bristol Condo, 1350 Pennsylvania Avenue, unit 101 in Miami Beach | Price $390,000 | $448 psf | Year built: 1925 | Listing agent: Andrew Cohen with Douglas Elliman | Buyer’s agent: Cindy Binder with Keller Williams Miami Beach