South Beach Record-Breaking Sale at Monad Terrace

October 3, 2018

Although South Beach and Downtown Miami are located only seven minutes away from one another by car, their real estate markets seem to exist in different dimensions. While Greater Downtown Miami continues to be troubled by oversupply issues, South Beach is enjoying record-breaking sales. Recently, a four-bedroom, four-and-a-half bath residence at Monad Terrace sold for $1,912 per square foot ($6.15M), making it the highest priced sale on a per square basis for a non-penthouse condo on West Avenue in South Beach.

Designed by Pritzker Prize-winner Jean Nouvel and designed by JDS Development, Monad Terrace is an all-glass tower featuring 59 individually suited waterfront residences. It will be located along the bayside of South Beach at 1300 Monad Terrace. The units will enjoy seamless indoor/outdoor experiences, 10-foot high ceilings with floor-to-ceiling glass windows, custom wood flooring throughout, black Zeus marble and black mirrored entry, private or semi-private elevator access, unique sawtooth honeycomb facade in select units, and custom flush doors. Amenities at Monad Terrace will include full-service concierge, sun deck with 116-foot swimming pool and hot tub overlooking Biscayne Bay, pool service, lagoon fitness and wellness center, residents’ lounge, bicycle and water sports storage, Monad Terrace bicycles and paddle boards, cafe and juice bar, full-service valet parking.