Top 25 Most Expensive Miami Condo Sales of 2014

Top 25 Most Expensive Miami Condo Sales of 2014

Since the crash of the market in 2008, many people question the stability of the luxury condo market in Miami even though the Miami condo market has shot back up to the top in a short amount of time.  If you don’t believe me, check out the statistics from 2014…numbers don’t lie!

In 2014, there were 1,087 Miami condo sales of $1M or above which accounted for 6.1% of the 17,834 total condo sales.

Moreover, the chart above is a list of the Top 25 most expensive condo sales in Miami in 2014, to further confirm the high demand for ultra-luxury condos in Miami.  The total sales volume for these Top 25 condos is a whopping $276,015,000 with an average of 261 days on the market.  These condo residences had an average price per square foot of $2,434.79 and a median price per square foot of $2,333.23.

To top the list at #1 was Continuum South Beach South with its $27.5M sale of units 3602 | 3603 | 3604 combined into one luxurious, mega condo.  Continuum South Beach consists of 2 exclusive, gated towers and sits on 12 acres of pristine, oceanfront land.  Continuum South Beach offers a truly 5-star lifestyle.  Whether you pamper yourself in the European spa, take a Pilates class in the private, three-story Sporting Club or work with a tennis pro on one of the three championship clay tennis courts, Continuum South Beach has something exceptional for everyone.

In addition, 12 of the Top 25 Miami condo sales came from Miami Beach, with 5 on Fisher Island, 4 in Bal Harbour (all of which were at St. Regis Bal Harbour), 2 in Sunny Isles Beach and 1 in Key Biscayne.  Also, Coconut Grove made the list with the sale of unit 3001 at Grovenor House which was also #1 on the list of the 25 most expensive Coconut Grove real estate sales of 2014.

Additionally, my St. Regis Bal Harbour sale almost made the Top 25 list.  Ranking as the 32^nd most expensive condo sale in Miami in 2014, was my sale at the luxurious, St. Regis Bal Harbour Residences.  I sold Unit 1901 in the North Tower at St. Regis Bal Harbour in March of 2014 for $6.5M, decorator ready.  This gorgeous, 3 bedroom plus den, 3.5 bath condo boasts 3,884 square feet of interior space with 1,332 square feet of terrace space overlooking the breathtaking Atlantic Ocean.  Aside from the stunning residences, St. Regis features unparalleled amenities and views and is one of the most exclusive condo buildings in South Florida.

St. Regis Bal Harbour Condo Residences

If you, or someone you know, are interested in purchasing a Miami luxury condo, it is imperative that you work with a real estate agent who specializes in the Miami condo market.  So, please call me, Michael Light of Miami Luxury Homes, to help you with all of your Miami real estate needs.  You may contact me at my office at (305) 350-9842, on my cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.

Disclaimer: All of the statistics referenced herein were retrieved from the Multiple Listing Service (MLS) on January 15, 2015.