Ten Recent Multi-Million Dollar Condo Closings in Miami – January 2009
January 25, 2009 by Lucas Lechuga
The following are 10 luxury condos that have closed in Miami-Dade County since December 1, 2008:
- Bayview at Fisher Island - Unit 5031/5032 - 3 bedroom/4.5 bath (6,830 square feet) - This condo sold for $5,600,000, or $820 per square foot, on December 11, 2008.
- Apogee South Beach - Unit 1703 - 3 bedroom/3.5 bath (3,100 square feeet) - This condo sold for $4,125,000, or $1,331 per square foot, on December 4, 2008.
- Grand Bay Residences - Unit PH2B - 3 bedroom/4 bath (3,625 square feet) - This condo sold for $3,619,000, or $998 per square foot, on December 29, 2008.
- Villa Del Mare - Unit 7255 - 3 bedroom/3.5 bath (3,140 square feet) - This condo sold for $3,400,000, or $1,083 per square foot, on January 5, 2009.
- Fisher Island - Unit 7652 - 3 bedroom/3.5 bath (2,950 square feet) - This condo sold for $2,950,000, or $1,000 per square foot, on December 19, 2008.
- Bellamare - Unit PH1 - 5 bedroom/5 bath (6,663 square feet) - This condo sold for $2,600,000, or $390 per square foot, on December 15, 2008.
- Grovenor House - Unit 2301 - 4 bedroom/5.5 bath (4,026 square feet) - This condo sold for $2,250,000, or $559 per square foot, on December 12, 2008.
- One Bal Harbour - Unit 208 - 3 bedroom/3.5 bath (2,681 square feet) - This condo sold for $2,202,500, or $822 per square foot, on December 22, 2008.
- Akoya - Unit TS03 - 3 bedroom/4.5 bath (3,377 square feet) - This condo sold for $2,070,000, or $613 per square foot, on December 30, 2009.
- Murano at Portofino - Unit 3202 - 3 bedroom/3 bath (2,618 square feet) - This condo sold for $2,050,000, or $783 per square foot, on December 5, 2008.
I like Apogee. Very classy.
Sorry but back to the new guidelines for a minute. Doesnt the 20 % rule disqualify Epic from Fannie mae lending guidlines? And to Lucas comment that many buildings did not meet the 70% rule and thus would force them to sell remaing to bulk buyers – then they would be disqualified again for having too many non-owners?
So much for asking prices. Looks like sellers were ready to deal here.
great to see some positive news. i guess rich people are in a candy land cause they can afford much more for the money these days
Yep – Steep markdowns from the asking prices. I bet they feel lucky to be able to get out…what would be interesting is to compare the sold price with what the seller had paid for it and when….
I like the Grand Bay.
You give information about condos in Florida. Have you seen any impact due to economy in sales? I wonder if, this year, a lot of people are going to buy condos if they can’t even think of buying a car, or cheaper, a LCD.
Awesome….this really gives me an idea of what kind of prices I should be looking for since these are the exact the types of properties I’m in the market for right now…….NOT, lol.
More money than sense – The Stupid Money.
$125.00 per sq ft – The Smart Money
Hey Ace, it’s time to get real man, if you think you are going to find anything decent in Miami in even an ok neighborhood for $125 per sq ft you will be waiting for the rest of your life buddy. Do you truly believe you will actually be able to get a 2,000 sq ft property in a NEW building for $250,000??? It is almost sad that this is what you believe is a fair price, looks like someone will be bringing girls home to moms until they are 40.
In answer to #9
We, that being The Smart Money have already made several purchases in the $125 range to a maximum of $200 per square foot for very high end, top of the line ocean view luxury condos as everyone on here that reads The Smart Money posts knows. Check the county records and see for yourself.
The Smart Money
Ace you are such a joke man, I like how you throw in that ” to a maximum of $200 per sq ft “, almost twice as high as the $125 per sq ft your claiming will be all over town.
[…] The following are 10 luxury condos that have closed in Miami-Dade County since my last luxury condo closing update in January: […]