Portofino Tower South Beach- South Beach Luxury Condos Report
The Portofino Tower currently has 27 condos listed for saleand is located at 300 South Pointe Drive in the South Beach area of Miami Beach. They range in price from $578,845 for a 1,090 sf (SqFt) 1 bedroom/1 bath to $12.5 million for a 5 bedroom/6 bath condo with 5,450 sf of interior living space. The average list price is $2,451,000 at $894/sf.
Year-to-date there have been 8 closed sales at the Portofino Tower South Beach. Sales ranged from $1.136 million for a 2 bedroom/2 bath (2,040 sf) to $2.3 million for a 3 bedroom/3 bath (2,550 sf) condo at an average selling price of $1,517,625 at $691/sf, which averaged 88% of the list price with average days on market of 217 days. Note the highest sale was on the market for 917 days, which skews the 217 days. The median days on market is 159 days.
The current absorption rate is 28 months based on the supply and demand as indicated above.
view of Government Cut and Fisher Island
penthouse terrace below
Contact Michael Sahlman, P.A.,e-PRO, IRES, CDPE and Cristina Euripedes-Sahlman, Realtors®, Keller Williams Realty Licensed Realtors® in Florida at 786-553-0697 to list your property for sale or to purchase a property in Miami Beach, South Beach, Fisher Island, Bal Harbour, Sunny Isles Beach, Surfside and the rest of Miami-Dade County Florida and southeastern Broward County Florida. We are accepting referrals.
Call us today at 786.553.0697 or Toll Free 800.475.3430. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.
To view all the Miami Beach Luxury Condos and Homes For Sale Click here. We know the nearby areas in Miami and all of Miami Dade County, as well as most of Broward County; we will help you get your home Sold if you need to Sell your home and help you buy your Miami Beach Condo or Home; call us today at 786.553.0697.
Disclaimer: The information provided herein is supplied by several sources including the southeast Florida MLS and is subject to change without notice. Miami Beach and South Beach Real Estate Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on the Miami Beach and South Beach Real Estate Blog represent the opinions and ideas of the author(s). Miami Beach and South Beach Real Estate Blog does not express the views of the broker.
Copyright © 2008 By Michael Sahlman, P.A., All Rights Reserved.*Portofino Tower South Beach - South Beach Luxury Condos Report*
For more information about the Portofino Tower South Beach and real estate in South Beach, Miami, Miami Beach, Sunny Isles and the surrounding areas, contact us at 786.553.0697, email us, or visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
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