Top 8 Uber-Luxe Condo Sales of 2017 (All Over $10M)

 
The Miami/Miami Beach luxury condo market is always a hot-button topic among real estate news outlets around the globe. And, with many people questioning the stability of the luxury market, it is important for me to point out that there were 8 condos that sold over $10 Million in Miami-Dade County in 2017 (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.

Topping the list for a second consecutive year was a luxury penthouse at Palazzo del Sol on the ultra-exclusive Fisher Island. In 2016, Penthouse 3 topped the list selling at $21,500,000, but the 2017 sale surpassed that by a landslide with the sale of the ultimate trophy Penthouse 2 selling for a whopping $31,261,545 in the summer of 2017.

Top 8 Condo Sales of 2017 (Over $10M)

#1 Palazzo del Sol PH 2 | Fisher Island | Sold for $31,261,545

• Closed on 05/04/2017
• 9,715 SF Living Area | 8,595 SF of Terraces
• 7 Bedrooms | 7.5 Bathrooms
• Sold for $3,217.86 Per Square Foot

#2 Porsche Design Tower PH 5601 | Sunny Isles Beach | Sold for $25,000,000

• Closed on 03/31/2017
• 9,560 SF Living Area | 6,515 SF of Terraces | 3,328 SF of Garage Space
• 4 Bedrooms + Den | 6.5 Bathrooms
• Sold For $2,615.06 Per Square Foot

#3 Palazzo del Sol Unit 7053 | Fisher Island | Sold for $16,500,000

• Closed on 12/01/2017
• 9,826 SF Living Area | 1,797 SF of Terraces
• 7 Bedrooms | 7.5 Bathrooms
• Sold For $1,679.22 Per Square Foot

#4 Faena House Unit 9A | Miami Beach | Sold for $12,500,000

• Closed on 01/12/2017
• 4,730 SF Living Area | 1,516 SF of Terraces
• 5 Bedrooms | 6.5 Bathrooms
• Sold for $2,642.71 Per Square Foot

#5 Faena House Unit 6A | Miami Beach | Sold for $13,000,000

• Closed on 12/28/2017
• 4,720 SF Living Area | 1,526 SF of Terraces
• 5 Bedrooms | 6.5 Bathrooms
• Sold for $2,754.24 Per Square Foot

#6 Oceana Bal Harbour UPH 02E | Bal Harbour | Sold for $14,490,000

• Closed on 03/03/2017
• 6,145 SF Living Area | 4,957 SF of Terraces
• 3 Bedrooms + Den | 6.5 Bathrooms
• Sold for $2,358.01 Per Square Foot

#7 W South Beach UPH 5 | South Beach | Sold for $10,200,000

• Closed on 06/12/2017
• 2,912 SF Living Area | 690 SF of Terraces
• 3 Bedrooms | 3 Bathrooms
• Sold for $3,502.75 Per Square Foot

#8 Regalia Unit 37 | Sunny Isles Beach | Sold for $10,100,000

• Closed on 02/07/2017
• 5,515 SF Living Area | 2,085 SF of Terraces
• 4 Bedrooms | 5.5 Bathrooms
• Sold for $1,831.37 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 2, 2018 and developer floor plans. All information contained herein is for informative purposes only and should not be relied upon without representation.