Despite the well known "Buyer's Market" environment in today's real estate market in Miami Beach, there's one building that stands out for commanding "TOP Dollar" :The Murano at Portofino Condominiums in South Beach's "South of Fifth" neighborhood.
What makes the Murano at Portofino Condominium Building so special?
The closed sales prices at The Murano have (for the most part) remained strong in the face of a collapsing national real estate market Recent notable examples of Murano at Portofino lastest closed sales:
The Murano at Portofino #2401 (Premier "A" Line)
1000 South Pointe Drive
Miami Beach, FL 33139
Remarks: This is THE premier condo "01" floorplan at The Murano at Portofino
Sale Price: $3,100,000 (12/16/10)
Listed Price : $3,500,000
2010 Tax Assesed Value: $2,750,000
Previous “Sold” Price : $1,217,000 (2002)
Bedrooms: 3
Bathrooms: 3.5
Condo S.F.: 3,382 ($916/SF)
Days on Active Market (Multiple Listing): 307 Days
Discount from Asking Price: 11%
The Murano at Portofino #3401 (Premier "A" Line)
1000 South Pointe Drive
Miami Beach, FL 33139
Remarks: This is THE premier condo "01" floorplan at The Murano at Portofino
Sale Price: $2,880,000 (11/30/10)
Listed Price : $ 3,800,000
2010 Tax Assesed Value: $3,168,000
Previous “Sold” Price : $1,750,000 (2002)
Bedrooms: 3
Bathrooms: 3.5
Condo S.F.: 3,382 ($851/SF)
Days on Active Market (Multiple Listing): 834 Days
Discount from Asking Price: 24%
The Murano at Portofino #907
1000 South Pointe Drive
Miami Beach, FL 33139
Remarks: Smallest Two Bedroom "07" floorplan at The Murano at Portofino
Sale Price: $900,000 (11/30/10)
Listed Price : $995,000
2010 Tax Assesed Value: $592,700
Previous “Sold” Price : $560,000 (2003)
Bedrooms: 2
Bathrooms: 2.5
Condo S.F.: 1,390 ($683/SF)
Days on Active Market (Multiple Listing): 218 Days
Discount from Asking Price: 10%
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