South Beach Condos-Largest Price Declines

By
Real Estate Agent with www.HomesForVIPs.com - Keller Williams Realty

Out of curiosity the other day, I wanted to see which currently listed condos in South Beach have adjusted their prices down the most from the original list price. Keep in mind that this information has been extracted from the Southeast MLS and is based on the information provided there, so if the property was previously listed under a different MLS number, then the statistics provided here would be changed.

As of May, 2008, the ten condos in South Beach currently listed at $500,000 or more that declined the most percentage-wise are as follows:

  1. 400 Alton Road #411 -49%
  2. 3801 Collins Ave #1205 -38%
  3. 520 West Ave #1702 -36%
  4. 11 Island Ave #PHD -35%
  5. 520 West Ave #2102 -32%
  6. 1458 Ocean #PH10 -31%
  7. 90 Alton Rd #3111 -31%
  8. 450 Alton Rd #906 -30%
  9. 234 Meridian Ave #5 -30%
  10. 928 Pennsylvania Ave #3 -28%

The biggest price adjustments in dollars are as follows:

  1. 1458 Ocean Dr #PH10 -$901,000
  2. 400 Alton Rd #3001 -$855,000
  3. 3801 Collins Av #1205 -$750,000
  4. 400 Alton Rd #411 -$730,000
  5. 100 S Pointe Dr #TH-5 -$700,000
  6. 520 West Av #1702 -$600,000
  7. 1577 Bay Rd #PH -$600,000
  8. 520 West Av #2501/2 -$600,000
  9. 234 Meridian Av #5 -$590,000
  10. 400 Alton Rd #3201 -$550,000

For more information about distressed condos in South Beach, Miami Beach or the best deals in the Miami area, please contact me directly at 786.553.0697 or email me at Michael@HomesForVIPs.com. My website is www.HomesForVIPs.com. We also specialize in bulk sales of condos and other residential property in the Miami area.

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Tags:
condos
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miami beach
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distressed property
south beach fl real estate
zip code 33139

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Michael Sahlman

e-PRO - Miami Beach Florida Luxury Homes
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