Uptown Lofts Penthouse Goes Under Contract for Less Than $200 Per Square Foot
On June 7, 2007, I wrote about a 2 bedroom/2 bath penthouse loft at Uptown Lofts that, at the time, was a short-sale. The loft has 1,965 square feet of interior space. Since that time, the unit has fallen into the hands of the bank. The list price was recently reduced to $375,000, or about $191 per square foot. As of January 31, 2008, the loft went under contract. Who knows what the actual contract price of the unit is, however.
The unit does need some work but I think, for the price, the buyer got a fantastic deal on this loft. There aren’t many lofts in Miami of this size with a direct bay view. I previously had the property on my “Deals” page which, by the way, I updated tonight. For more details on this loft visit my previous post on it. You can view the MLS listing page here.