A Look Back at the Top 9 Luxury Condo Sales of Last Year (2018) Posted on January 23, 2019 by Michael Light 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.
Top 11 Ultra-Luxe Condo Sales of 2016 (All Over $10M) Posted on January 29, 2017 by Michael Light 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 (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.