I'm providing our readers the latest sales update for Miami Beach condos that have been sold over the past ninety days for a minimum of $500,000 and above. A few highlights from the Miami Beach condos sales data at the bottom of this post:
- We're witnessing the most active luxury condo market in over five years. The number of closed sales transactions has jumped almost 20%!
- Nearly 70% of purchases / Miami Beach condos closed sales were cash transactions. High end condo sales defined the market, all price indicators jumped in this subsection of the overall Miami Beach condo market.
- The majority of purchasers can be divided into two groups- High net worth foreign buyers and high net worth buyers from the Northeastern U.S. (primarily New York metropolitan area).
- The average price per square foot has increased dramatically for high demand waterfront luxury condo buildings in the premier areas of Miami Beach, such as the South of Fifth neighborhood and in select Oceanfront luxury buildings.
The average sales price (per square foot) for these specific ultra-luxury South Beach condos buildings are listed below. Sales data is based on year-to-date Miami Beach condos closed sales of over $1 Million Dollars:
South of Fifth Specific Condo Buildings
Apogee South Beach Condos: $1,713 / S.F. (Average Sales Price = $7,174,000)
The Continuum on South Beach (North and South Towers): $1,404 / S.F. (Average Sales Price = $5,056,000)
The Murano at Portofino: $853 / S.F. (Average Sales Price = $2,166,000)
Icon South Beach: $744 / S.F. (Average Sales Price = $1,860,000)
The Murano Grande: $694 / S.F. (Average Sales Price = $1,727,100)
The Portofino Tower Miami Beach: $628 / S.F. (Average Sales Price = $1,413)
Miami Beach's Boutique Ultra-Luxury Condo Building on Ocean Drive:
The Il Villaggio South Beach: $1,025 / S.F. (Average Sales Price = $2,037)
Miami Beach Condos Sold (Past Ninety Days Closed Sales)
| Sale Date | Miami Beach Address | Miami Beach Condo | List Price | Living Area | Sales Price | SP$/SqFt |
| 10/3/2011 | 20 ISLAND AV # 514 | BELLE PLAZA CONDO | $569,000 | 1,372 | $540,000 | $394 |
| 10/3/2011 | 6365 COLLINS AV # 3308 | AKOYA | $530,000 | 1,322 | $530,000 | $401 |
| 9/30/2011 | 101 20 ST # 2001 | Setai | $1,150,000 | 1,198 | $1,105,000 | $922 |
| 9/30/2011 | 730 3 ST # 201 | Armitage Place | $890,000 | 2,290 | $780,000 | $341 |
| 9/29/2011 | 400 ALTON RD # 2206 | Murano Grande | $1,525,000 | 2,024 | $1,418,000 | $701 |
| 9/29/2011 | 50 S POINTE DR # 1606 | Continuum North | $1,645,000 | 1,698 | $1,500,000 | $883 |
| 9/28/2011 | 6515 COLLINS AV # 1402 | Bel-Aire | $599,000 | 1,141 | $579,150 | $508 |
| 9/27/2011 | 2201 COLLINS AV # 514 | W South Beach Residence | $1,630,000 | 1,151 | $1,590,000 | $1,381 |
| 9/27/2011 | 5875 COLLINS AV # 1907 | MEI | $600,000 | 1,323 | $565,000 | $427 |
| 9/27/2011 | 50 S POINTE DR # 2205 | Continuum North Tower | $2,300,000 | 1,862 | $2,300,000 | $1,235 |
| 9/26/2011 | 90 ALTON RD # 3010 | YACHT CLUB AT PORTOFINO | $799,000 | 1,090 | $710,000 | $651 |
| 9/26/2011 | 101 20 ST # 2007 | Setai | $2,550,000 | 1,279 | $2,300,000 | $1,798 |
| 9/22/2011 | 1413 SUNSET HARBOUR DR # 604 | sunset harbour th | $995,000 | 3,000 | $882,500 | $294 |
| 9/22/2011 | 6580 INDIAN CREEK DR # PH601 | Regatta | $749,000 | 1,768 | $670,000 | $379 |
| 9/21/2011 | 4775 COLLINS AV # 2102 | GREEN DIAMOND | $1,050,000 | 1,530 | $870,000 | $569 |
| 9/21/2011 | 5151 COLLINS AV # 924 | seacoast condo | $620,000 | 1,360 | $580,000 | $426 |
| 9/20/2011 | 1000 VENETIAN WY # 1904 | ONE THOUSAND VENETIAN | $724,500 | 1,720 | $749,900 | $436 |
| 9/20/2011 | 2555 COLLINS AV # 1209 | CLUB ATLANTIS | $549,000 | 1,034 | $527,500 | $510 |
| 9/20/2011 | 11 ISLAND AV # 1812 | Costa Brava | $535,000 | 1,917 | $500,000 | $261 |
| 9/19/2011 | 100 S POINTE DR # 2909 | Continuum on South Beach | $24,000,000 | 2,122 | $2,300,000 | $1,084 |
| 9/17/2011 | 800 S POINTE DR # 2101 | APOGEE | $8,395,000 | 4,154 | $7,500,000 | $1,805 |
| 9/16/2011 | 6899 COLLINS AV # 2204 | Canyon Ranch | $2,200,000 | 2,150 | $1,855,250 | $863 |
| 9/16/2011 | 400 S POINTE DR # 1401 | SOUTH POINTE TOWER | $775,000 | 1,165 | $775,000 | $665 |
| 9/15/2011 | 4401 COLLINS AV # 1206 | FONTAINEBLEAU II/ TRESOR | $559,000 | 1,002 | $537,500 | $536 |
| 9/14/2011 | 50 S POINTE DR # 2302 | CONTINUUM ON SOUTH BEACH | $5,300,000 | 3,017 | $5,000,000 | $1,657 |
| 9/13/2011 | 320 MERIDIAN AV # 320 | 320 Meridian | $695,000 | 1,765 | $610,000 | $346 |
| 9/12/2011 | 100 S POINTE DR # 701 | Continuum, South Tower | $1,600,000 | 1,591 | $1,500,000 | $943 |
| 9/12/2011 | 1100 WEST AV # 1426 | Mondrian South Beach | $725,000 | 1,088 | $655,000 | $602 |
| 9/12/2011 | 220 21 street # 402 | BOULAN SOUTH BEACH | $799,000 | 996 | $725,000 | $728 |
| 9/11/2011 | 100 S POINTE DR # 3502 | Continuum on South Beach | $1,895,000 | 1,791 | $1,800,000 | $1,005 |
| 9/9/2011 | 90 ALTON RD # 2011 | YACHT CLUB AT PORTOFINO | $650,000 | 1,130 | $640,000 | $566 |
| 9/8/2011 | 3801 COLLINS AV # 1505 | MOSAIC | $895,000 | 1,525 | $830,000 | $544 |
| 9/7/2011 | 1 CENTURY LN # 401 | THE VISTAS CONDOUNIT. | $875,000 | 2,140 | $825,000 | $386 |
| 9/6/2011 | 11 ISLAND AV # 110201 | Costa Brava Condo | $1,200,000 | 3,834 | $900,000 | $235 |
| 9/6/2011 | 101 20 ST # 1805 | THE SETAI | $850,000 | 821 | $700,000 | $853 |
| 9/6/2011 | 6103 AQUA AV # PH2 | Aqua Allison Island | $755,000 | 2,318 | $830,000 | $358 |
| 9/5/2011 | 6801 COLLINS AV # C305 | CANYON RANCH CONDO | $1,200,000 | 1,285 | $1,200,000 | $934 |
| 9/3/2011 | 155 N SHORE DR # 155-5 | Avanti Townhomes | $599,900 | 2,366 | $525,000 | $222 |
| 9/2/2011 | 3801 COLLINS AV # 602 | MOSAIC | $895,000 | 1,507 | $850,000 | $564 |
| 9/1/2011 | 4779 COLLINS AV # 3701 | BLUE & GREEN DIAMOND COND | $1,499,000 | 1,980 | $1,350,000 | $682 |
| 9/1/2011 | 2201 COLLINS AV # 907 | W South Beach | $710,000 | 574 | $640,000 | $1,115 |
| 8/31/2011 | 6103 AQUA AV # 105 | Aqua | $775,000 | 2,338 | $660,000 | $282 |
| 8/31/2011 | 90 ALTON RD # 911 | Yacht Club | $549,000 | 1,130 | $515,000 | $456 |
| 8/30/2011 | 6365 COLLINS AV # 3302 | AKOYA | $699,000 | 1,392 | $650,000 | $467 |
| 8/30/2011 | 5757 COLLINS AV # 1905 | L'EXCELLENCE | $880,000 | 1,980 | $650,000 | $328 |
| 8/30/2011 | 10 VENETIAN WY # 1404 | Grand Venetian | $750,000 | 1,477 | $600,000 | $406 |
| 8/30/2011 | 6767 COLLINS AV # TS2205 | THE STERLING | $699,000 | 2,160 | $660,000 | $306 |
| 8/30/2011 | 401 JEFFERSON AV # 4 | The Jefferson | $595,000 | 1,259 | $575,000 | $457 |
| 8/29/2011 | 1100 WEST AV # 1516 | Mondrian | $745,000 | 1,190 | $675,000 | $567 |
| 8/29/2011 | 2201 Collins Ave # 1007 | W South Beach Residences | $790,000 | 574 | $790,000 | $1,376 |
| 8/26/2011 | 800 S Pointe # 1001 | Apogee | $7,500,000 | 4,154 | $6,800,000 | $1,637 |
| 8/24/2011 | 2301 COLLINS AV # 907 | RONEY PALACE | $645,000 | 1,230 | $550,000 | $447 |
| 8/24/2011 | 5959 COLLINS AV # 1402 | Bath Club | $2,299,000 | 2,572 | $2,075,000 | $807 |
| 8/23/2011 | 6899 COLLINS AV # 1709 | CANYON RANCH | $575,000 | 820 | $575,000 | $701 |
| 8/23/2011 | 6899 COLLINS AV # N1807 | CANYON RANCH | $1,490,000 | 1,565 | $1,490,000 | $952 |
| 8/23/2011 | 4400 COLLINS AVENUE # 2412 | FONTAINEBLEAU II/TRESOR | $685,000 | 1,002 | $625,000 | $624 |
| 8/22/2011 | 4779 COLLINS AV # 1801 | BLUE DIAMOND CONDO | $1,260,000 | 1,980 | $1,165,000 | $588 |
| 8/21/2011 | 401 JEFFERSON AV # 3 | The Jefferson | $575,000 | 1,256 | $565,000 | $450 |
| 8/17/2011 | 50 S POINTE DR # 2105 | CONTINUUM THE NORTH TOWER | $2,950,000 | 1,922 | $2,900,000 | $1,509 |
| 8/16/2011 | 6515 COLLINS AV # 1709 | Bel-Aire on the Ocean | $599,000 | 1,128 | $552,500 | $490 |
| 8/16/2011 | 4441 COLLINS AV # 2811 | Fontanebleau II | $729,000 | 1,002 | $665,000 | $664 |
| 8/15/2011 | 834 Ocean Drive # 402 | CASA GRANDE | $750,000 | 900 | $660,000 | $733 |
| 8/12/2011 | 5959 COLLINS AV # 1501 | The Bath Club | $1,350,000 | 2,059 | $1,215,000 | $590 |
| 8/11/2011 | 2201 Collins Ave # UPH 3 | W South Beach | $6,500,000 | 2,428 | $5,200,000 | $2,142 |
| 8/11/2011 | 2301 COLLINS AV # 808 | Roney Palace | $525,000 | 1,230 | $510,000 | $415 |
| 8/10/2011 | 4775 COLLINS AV # 3301 | Green Diamond | $2,700,000 | 5,520 | $2,700,000 | $489 |
| 8/9/2011 | 5875 COLLINS AVE # 1403 | MEI CONDOMINIUM | $876,000 | 1,148 | $770,000 | $671 |
| 8/9/2011 | 7330 OCEAN TER # 1902 | ST TROPEZ OCEAN CONDO | $639,900 | 1,680 | $600,000 | $357 |
| 8/5/2011 | 100 JEFFERSON AV # 10021 | COURTS AT SOUTH BEACH | $1,450,000 | 2,620 | $1,300,000 | $496 |
| 8/4/2011 | 1000 VENETIAN WY # 508 | 1000 VENETIAN WAY | $559,000 | 1,370 | $535,000 | $391 |
| 8/4/2011 | 650 WEST AV # 911 | THE FLORIDIAN | $599,000 | 1,147 | $565,000 | $493 |
| 8/4/2011 | 1330 WEST AV # 2902 | The Waverly | $630,000 | 1,262 | $585,000 | $464 |
| 8/4/2011 | 6301 COLLINS AV # TS5 | LA GORCE PALACE | $790,000 | 1,440 | $735,000 | $510 |
| 8/3/2011 | 100 LINCOLN RD # 748 | DECOPLAGE CONDOMINIUM | $750,000 | 1,190 | $740,000 | $622 |
| 8/3/2011 | 400 S POINTE DR # 603 | SOUTH POINTE TOWER | $895,000 | 1,271 | $800,000 | $629 |
| 8/3/2011 | 5959 COLLINS AV # 1501 | The Bath Club | $1,350,000 | 2,059 | $1,215,000 | $590 |
| 8/2/2011 | 221 JEFFERSON AV # 14 | ILONA CONDOMINIUM | $619,000 | 1,079 | $585,000 | $542 |
| 8/2/2011 | 4775 COLLINS AV # 1404 | Green Diamond | $674,900 | 1,490 | $644,000 | $432 |
| 8/2/2011 | 50 S POINTE DR # 2202 | CONTINUUM ON SOUTH BEACH | $4,052,000 | 3,017 | $3,700,000 | $1,226 |
| 8/2/2011 | 520 WEST AV # 702 | Bentley Bay | $495,000 | 1,499 | $510,100 | $340 |
| 8/1/2011 | 1455 OCEAN DR # 1003 | Il Villaggio Condominium | $2,169,000 | 1,550 | $1,750,000 | $1,129 |
| 7/29/2011 | 5151 COLLINS AV # 733 | SeaCoast 5151 Condo | $534,900 | 1,350 | $541,000 | $401 |
| 7/28/2011 | 5025 COLLINS AV # 2308 | Capobella | $1,190,000 | 1,870 | $1,020,000 | $545 |
| 7/28/2011 | 5025 COLLINS AV # 805 | Capobella | $1,500,000 | 2,060 | $1,250,000 | $607 |
| 7/28/2011 | 5025 COLLINS AV # 1202 | Capobella Condominium | $675,000 | 1,350 | $675,000 | $500 |
| 7/26/2011 | 5959 COLLINS AV # 704 | The Bath Club | $2,595,000 | 3,982 | $2,375,000 | $596 |
| 7/25/2011 | 5959 COLLINS AV # 3002 | THE BATH CLUB | $6,900,000 | 5,700 | $5,700,000 | $1,000 |
| 7/25/2011 | 90 ALTON RD # 1012 | YACHT CLUB AT PORTOFINO | $488,900 | 1,130 | $510,000 | $451 |
| 7/22/2011 | 221 JEFFERSON AV # 5 | ILONA CONDO | $599,000 | 1,248 | $565,000 | $453 |
| 7/20/2011 | 6101 AQUA AV # 903 | GORLIN AT AQUA | $660,000 | 1,862 | $600,000 | $322 |
| 7/20/2011 | 101 20 st # 3108 | The Setai | $2,580,000 | 1,141 | $2,600,000 | $2,279 |
| 7/19/2011 | 6103 AQUA AV # 602 | SPEAR AT AQUA | $599,000 | 1,755 | $550,000 | $313 |
| 7/19/2011 | 100 S POINTE DR # 2209 | Continuum | $2,325,000 | 2,122 | $2,200,000 | $1,037 |
| 7/19/2011 | 110 WASHINGTON AV # 2217 | THE COSMOPOLITAN | $549,999 | 1,287 | $550,000 | $427 |
| 7/18/2011 | 6365 COLLINS AV # 1103 | AKOYA CONDO | $950,000 | 1,761 | $920,000 | $522 |
| 7/14/2011 | 101 20 ST # 3006 | Setai | $2,200,000 | 1,316 | $1,900,000 | $1,444 |
| 7/14/2011 | 400 S POINTE DR # 1009 | SOUTH POINTE TOWER COND I | $779,900 | 1,279 | $772,500 | $604 |
| 7/13/2011 | 6899 COLLINS AV # 810 | CANYON RANCH | $590,000 | 1,280 | $590,000 | $461 |
| 7/12/2011 | 101 20 ST # 2801 | Setai | $1,990,000 | 1,198 | $1,700,000 | $1,419 |
| 7/8/2011 | 300 S POINTE DR # 1501 | PORTOFINO TOWERS | $1,690,000 | 2,340 | $1,625,000 | $694 |
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