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BY Michael Light / On January 29, 2017

 
The Miami/Miami Beach condo market is always a hot-button topic among real estate news outlets throughout the country and globally. And, with many people questioning the stability of the luxury market, I just want to point out that in 2016, there were 11 condos that sold (per MLS data) in Miami-Dade County over $10 Million. The chart below lists these condo sales which was topped off by an exquisite penthouse at Palazzo del Sol on the ultra-exclusive Fisher Island.

Top 11 Condo Sales of 2016

Top 11 Condo Sales of 2016 (per MLS data)

Topping the list at #1 was Penthouse 3 at Palazzo del Sol on prestigious Fisher Island, which sold for a whopping $21,500,00! This penthouse consists of 6,644 square feet of interior living space offering 4 bedrooms, 4 full bathrooms, 1 half bathroom, theater, living room, dining room, family room, study and laundry room. This penthouse also boasts 6,410 square feet of terrace space that includes a rooftop terrace with stunning water views.

So, with the top 11 condo sales in Miami-Dade closing at a volume of $147,294,044 with an average price per square foot of $2,103.55, it seems that ultra-luxury, waterfront condos are still in high demand!

If you, or someone you know, are interested in luxury condos in Miami, Miami Beach or Fisher Island, please contact Michael Light of Douglas Elliman. You may reach Michael on his cell phone at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.

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