South Florida Luxury Condo Short Sales

June 4, 2009

Currently, there is only one foreclosure condo listed in the MLS that is priced at $1M or above.  That is a 3 bedroom/4.5 bath double corner unit at The Setai South Beach with 3,691 square feet of interior space.  The list price is $4.2M, or $1,138 per square foot.  However, there are currently 48 short sale condos listed in the MLS priced at $1M or above.  Below is a list of what I feel are the 10 best luxury short sale condos that are currently available:

• Aqua Allison Island #6111 – Asking $1.69M.  Property was purchased for $3.15M in June 2005.
• Mosaic #TH-3 – Asking $1.7M.  Property was purchased for $3.2M in February 2007.  Bank approved at $1.7M.
• Oceanside Fisher Island #7941 – Asking $1.85M.  Property was purchased for $3.9M in November 2006.
• Oceanside Fisher Island #7735 – Asking $1.85M.  Property was purchased for $2.4M in September 2005.
• Oceanside Fisher Island #7761 – Asking $1.95M.  Property was purchased for $3.2M in September 2005.
• The Bath Club #1004 – Asking $1,999,999.  Property was purchased for $3.5M in January 2007.  Bank approved.
• Turnberry Ocean Colony #2804 – Asking $2,295,000.  Property was purchased for $3.27M in January 2008.
• Bayview Fisher Island #5123 – Asking $2.3M.  Property was purchased for $3.7M in March 2007.
• Acqualina #4201-2 – Asking $2.8M.  Sales history not found.
• Oceanside Fisher Island #7821 – Asking $2.8M.  Property was purchased for $3.92M in November 2006.