Yuliya Kachko Group presents November’s Luxury Market Report for Oceanfront $1M + condos from South Beach to Sunny Isles Beach.
Our main focus in Miami real estate is top market, oceanfront condos priced $1M and above. In this report we highlight closed sales in resale luxury condo market during the month of November.
We hope to keep you up to date on important information such as sale prices, days on the market and average price per sq. ft. in areas such as South Beach, Miami Beach, Surfside, Bal Harbour and Sunny Isles Beach.
During the month of November we've had 23 luxury condo resales priced $1M and up in the area from South Beach to Sunny Isles Beach. The total sale amount of luxury condos in these areas was $56M. South Beach had the most activities with 13 sold condos total price of just above $23M. South Beach also had the highest average sold price per sq.ft. of $1,231 while Surfside had the lowest price of $692 per sq.ft.
The average price for South Beach luxury condos was $2,242,231 with a median of 160 days on market. The average price for Surfside luxury condos was $1,345,875 with a median of 288 days on market. The average price for Bal Harbour luxury condos was $1,750,000 with a median of 74 days on market. The average price for Sunny Isles Beach luxury condos was $3,191,571 with a median of 138 days on market.
There were no sales in luxury condo market in Miami Beach during the month of November.
Among the highest sales in November were full floor 5,515 sq. ft. residence in Regalia Sunny Isles Beach that sold at $9,000,000 or $1,632 per sq. ft, and 3,990 sq. ft. unit in Murano Grande South Beach that sold at $6,495,000 or $1,529 per sq. ft.
The biggest price cut had residence in Setai South Beach that closed at $2.7M or 26% discount from the listing price of $3,649,000. It spent the most days on the market as well - 482.
We hope you found this report of November's luxury condo sales from South Beach to Sunny Isles Beach useful. Please leave a comment or contact us directly with any questions you may have.
Yuliya Kachko Group
ONE Sotheby's International Realty
c. 305-310-9305
Yuliya Kachko ONE Sotheby's International Realty Specialties Include: Sunny Isles Condominiums, Bal Harbour Condominiums, Miami Beach Condominiums, South Beach Condominiums, Hallandale Beach Condominiums, Hollywood FL Condominiums, Fisher Island Condominiums and waterfront single family home communities including Miami Beach Homes, Star Island Homes, Palm Island Homes, Indian Creek Homes, Sunset Islands Homes, Venetian Islands Homes, Pinetree Drive Homes, La Gorce Island Homes, Allison Island Homes, Golden Beach Homes, Hollywood FL Homes, Bal Harbour Homes.
Miami and South Florida Best Developments
Yuliya Kachko ONE Sotheby’s International Realty presents the latest best oceanfront projects in Miami, penthouses for sale Miami, preconstruction condos in Miami and South Florida. See below some of the best oceanfront real estate developments in Miami.
- Prive Aventura - Expected completion 2017.
- Marina Palms – Expected completion 2016.
- Bellini Williams Island - Completed January 2014.
- Echo Aventura – Completed January 2016.
Oceana Bal Harbour – Expected completion 2017.
St Regis Bal Harbour – Recently Completed in 2012.
- ONE Bal Habour - Recently renovated. Completed in 2007.
- Majestic Tower Bal Harbour - Completed 1998.
- Bellini Bal Harbour - Completed 2005.
- Park Grove – Expected Completion 2018.
Grove at Grand Bay – Recently Completed 2016.
- Grovenor House Coconut Grove - Recently Complete 2016.
- Palazzo del Sol – Recently completed 2016.
- Palazzo della Luna - Broke Ground summer 2016
- Trump Hollywood - Completed in 2009.
- Diplomat Hollywood - Completed in 2006.
- Hyde Beach – Expected completion 2017.
One Thousand Museum – Expected completion in 2018.
Missoni Baia – Expected completion 2018.
One River – Expected completion 2019.
- Aston Martin Residences - Expected completion 2021.
- Eighty Seven Park - Expected completion 2017.
- Ritz-Carlton Residences Miami Beach - Expected completion 2016.
- L'Atelier Miami Beach - Expected completion 3rd quarter 2017.
- Faena House – Recently Completed 2016.
- Setai Miami - Completed 2004.
- Fasano Shore Club Miami Beach - Expected completion 2018.
- 1 Hotel & Homes – Recently Completed 2016.
- Edition Residences – Recently Completed 2016.
- Beach House 8 – Recently Completed 2016.
- Bath Club - Completed 2005.
- Carillon Miami Beach - Completed 2007.
- W Miami Beach - Completed 2007.
- Glass Miami Beach -Completed 2016.
- Continuum Miami Beach - Completed 2002.
- Apogee Miami Beach - Completed 2008.
- Murano Grande - Completed 2003.
- Icon Souh Beach - Completed 2005.
- Portofino Tower - Completed 1997.
- Murano at Portofino - Completed 2002.
- Il Villaggio - Completed 1999.
- Regalia Miami - Opened June 2014.
- Acqualina - Completed 2006.
- Mansions at Acqualina - Opened January 2016.
- Porsche Design Tower - Expected completion 2016.
- Chateau Beach Residences – Recently completed in 2016.
- 400 Sunny Isles - Opened early 2016.
- Jade Signature - Expected completion 2017.
- MUSE - Expected completion 2017.
- Turnberry Ocean Club - Expected completion 2018.
- Armani Residences - Expected completion late 2017.
- Estates at Acqualina - Expected completion in 2020 Phase A.
- Ritz-Carlton Residences Sunny Isles Beach - Expected completion 2018.
- Aurora Sunny Isles – Expected completion 2019.
- Parque Towers – Expected completion 2017.
- Jade Beach - Completed 2008.
- Jade Ocean - Completed 2009.
- Turnberry Ocean Colony - Completed 2007.
- Trump Royale - Completed 2008.
- Trump Palace - Completed 2006.
- FENDI Chateau Residences - Opening late 2016.
- Four Seasons Surf Club - Opening 2017.
- Arte Surfside - Expected completion 2018.
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