A Look Back at the Top 9 Luxury Condo Sales of Last Year (2018)

 
The Miami/Miami Beach luxury condo market is always a hot-button topic among real estate news outlets around the world. And, with many people questioning the stability of the luxury market, it is important for me to point out that there were 19 condos that sold over $10 Million in Miami-Dade County in 2018 (per MLS data). And, think about this…this list does NOT include developer inventory not on the MLS, which, if I had access to, would make this number much higher.

In 2017, Palazzo del Sol PH 2 topped the list selling at $31,261,545, while topping the list in 2018 was the top-floor penthouse at 321 Ocean that included its own 36′ infinity pool on the roofdeck that is seen above.

Top 9 Condo Sales of 2018

#1 321 Ocean PH | South of Fifth | Sold for $26,000,000

• Closed on 05/11/2018
• 6,807 SF Living Area | 5,223 SF of Terraces
• 5 Bedrooms | 5.5 Bathrooms
• Sold for $3,819.60 Per Square Foot

#2 Fendi Chateau PH-2 | Surfside | Sold for $18,500,000

• Closed on 03/12/2018
• 7,489 SF Living Area | 5,220 SF of Terraces
• 4 Bedrooms + Den | 7.5 Bathrooms
• Sold For $2,470.29 Per Square Foot

#3 Mansions at Acqualina PH45 | Sunny Isles Beach | Sold for $17,000,000

• Closed on 02/28/2018
• 7,022 SF Living Area | 2,428 SF of Terraces
• 4 Bedrooms | 6.5 Bathrooms
• Sold For $2,420.96 Per Square Foot

#4 Oceana Key Biscayne PH1-N | Key Biscayne | Sold for $15,000,000

• Closed on 05/14/2018
• 8,252 SF Living Area | 9,000 SF of Terraces
• 5 Bedrooms + Media Room | 7.5 Bathrooms
• Sold for $1,817.74 Per Square Foot

#5 Apogee South Beach #2104 | South of Fifth | Sold for $14,800,000

• Closed on 03/01/2018
• 4,154 SF Living Area | 2,441 SF of Terraces
• 3 Bedrooms | 4.5 Bathrooms
• Sold for $3,562.83 Per Square Foot

#6 Bayview at Fisher Island #4811/4821 | Fisher Island | Sold for $14,556,700

• Closed on 08/06/2018
• 8,020 SF Living Area
• 5 Bedrooms | 5.5 Bathrooms
• Sold for $1,815.04 Per Square Foot

#7 Continuum South Beach #3803 | South of Fifth | Sold for $13,750,000

• Closed on 01/16/2018
• 4,968 SF Living Area | 487 SF of Terraces
• 4 Bedrooms | 4.5 Bathrooms
• Sold for $2,767.71 Per Square Foot

#8 Apogee South Beach #1604 | South of Fifth | Sold for $13,500,000

• Closed on 05/01/2018
• 4,154 SF Living Area | 2,441 SF of Terraces
• 4 Bedrooms | 4.5 Bathrooms
• Sold for $3,249.88 Per Square Foot

#9 1 Hotel & Homes PH-1610 | South Beach | Sold for $13,500,000

• Closed on 11/01/2018
• 3,955 SF Living Area
• 4 Bedrooms | 5.5 Bathrooms
• Sold for $3,413.40 Per Square Foot

If you are interested in learning more about luxury condos in Miami, please contact Broker Associate, Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate and Founder/Owner of the Miami Luxury Homes Group at Douglas Elliman. You may reach Michael directly at (305) 350-9842 or michael@miamiluxuryhomes.com.

Disclaimer: The information contained herein was retrieved from the Multiple Listing Service (MLS) on January 19, 2019 and developer floor plans. All information contained herein is for informative purposes only and should not be relied upon without representation.