Miami Condo Investments

The following are the 5 highest condo sales in Miami-Dade County that closed in January 2010 through the MLS:

• Acqualina PH4501 – 5 bedroom/6.5 bath (6,353 square feet) – This penthouse sold for $4,700,000, or $740 per square foot, on January 27, 2010.
• Continuum North Tower #TH6 – 4 bedroom/4.5 bath (2,901 square feet) – This townhouse sold for $3,482,400, or $1200 per square foot, on January 29, 2010.
• Santa Maria #3805 – 4 bedroom/3.5 bath (4,030 square feet) – This unit sold for $2,700,000, or $670 per square foot, on January 4, 2010.
• Asia #1903 – 4 bedroom/5.5 bath (3,813 square feet) – This unit sold for $2,288,000, or $600 per square foot, on January 15, 2010.
• Grovenor House #2601 – 4 bedroom/6 bath (4,026 square feet) – This unit sold for $2,190,000, or $544 per square foot, on January 15, 2010. mich

Below, you will find what I believe to be the five best condo deals of the 66 distressed sales that closed in January 2010 in the MLS located in Brickell, Brickell Key, Downtown Miami and the Arts District.

1. Ten Museum Park #1905 – 1 bedroom/1.5 bath (791 square feet) – This unit sold for $137,000, or $173 per square foot, on January 11, 2010.  Short Sale
2. Neo Vertika #PH226 – 1 bedroom/2 bath (1,155 square feet) – This unit sold for $158,000, or $137 per square foot, on January 11, 2010.  Foreclosure
3. Parc Lofts #206 – 2 bedroom/1 bath (1,267 square feet) – This unit sold for $122,000, or $96 per square foot, on January 8, 2010.  Foreclosure
4. The Club at Brickell Bay #1506 – 1 bedroom/1 bath (825 square feet) – This unit sold for $108,000, or $131 per square foot, on January 15, 2010. Foreclosure
5. Solaris at Brickell #806 - 1 bedroom/1 bath (754 square feet) – This unit sold for $120,000 or $159 per square foot, on January 29, 2010.  Foreclosure

Just wanted to let everyone know that I updated the Condo Rankings page late last week.  It had been around 9-10 months since I had last updated the page so it’s something that was long overdue.  I only adjusted the location and risk scores and left the other columns untouched.  Santa Maria still ranks #1 with an overall score of 9.2.  Feel free to submit your own scores for each building by clicking on the “Rank Building” links.

I’m happy to announce that the Miami Condo Investments iPhone application is now available for download at the Apple iTunes store.  Click on the image below to access it.  Any feedback that you might have is much appreciated.

Just wanted to give everyone an update regarding the iPhone application.  It was submitted to Apple about two and a half weeks ago.  Apple contacted me late last week stating that a few minor changes needed to be made.  Those changes were made and the app was resubmitted this past Monday.  We’re hoping that it will be approved within the next 2-3 weeks.

In preparation for the launch of the iPhone application I hired a graphic designer to create some marketing material.  Here’s a peek at the business card design.

Design work by Erica Bartlett – ericabart@yahoo.com – 630.340.0300