Record Breaking Sale in South Point

RECORD BREAKING SALE AT COSMOPOLITAN SOUTH BEACH!

SOLD for over $756/ft which is the highest sale price ever recorded for the 826 sf. 1 Bedroom 1.5 Bath units in the building's history!

List prices have skyrocketed in South Point in the Smaller boutique buildings but this represents one of the first closed sales at the higher price point- which will likely set the trend.

The previous top selling price for a 1 Bedroom + Den was $535,000 back in 2014- a number that was shattered with our recent closed sale of 2322. Selling for $625,000- almost $100k more at $756 per sq. ft. (remarkable for a unit with no water view).

About the Cosmopolitan:

The Cosmopolitan was built in 2004 by Groupe Pacific and Architect Maurice Salazar, The Cosmopolitan is a unique offering right in the heat of South Point in the exclusive “South of Fifth” neighborhood in South Beach. Uniquely different that its skyscraping neighbors such as The Continuum, Portofino Towers, Murano and Apogee, the Cosmopolitan is a low rise building that is packed with all of the luxury features and amenities of its larger counterparts.

With only 223 residences in total, this chic address is steps away from the Atlantic Ocean and several hot spots including Joe’s Stone Crab, Prime 112, Nikki Beach and more.

William McClain represented the buyer in the transaction on the all cash purchase and is a former South Point and Miami Beach resident.