3 Bedroom Foreclosure at Mosaic in Miami Beach

Mosaic in Miami Beach

A 3 bedroom/3 bath foreclosure condo at Mosaic Miami Beach came onto the market earlier today.  The condo has 1,507 square feet of interior space and 333 square feet of balcony.  The list price is $702,900, or $466 per square foot.  The flow-through unit is located on the 15th floor and has direct ocean and city views with a balcony on each side.  The next best priced 3 bedroom in the building is listed for $949,000.  That condo happens to be in the same line but located four floors lower.

Mosaic is a beachfront luxury building located in Miami Beach at 3801 Collins Avenue.

South Florida Luxury Condo Short Sales

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.