This past week, I had the opportunity to work with several clients (all Cash Buyers) who looking for purchasing opportunities in the waterfront luxury condo buildings South of Fifth Street: The Murano at Portofino, The Continuum South Beach, Murano Grande, Icon and even The Bentley Bay.
These Miami Beach Condo Buyers- are finding amazing opportunities in some of the lesser known South of Fifth Waterfront Buildings! I've recently made several cash offers at The South Pointe Tower in South Beach. Being an older condominium with late 1970"s construction standards, The South Pointe Tower had not been considered the most "IN" condo building. However, this South Beach condo offers an incredible location next to The Portofino Tower (part of the same Master Association) and has recently been renovated inside and out. Also, the common area hallways are currently being updated with new doors, carpeting, and other improvements. I'm amazed that in this older condo building- due to its amazing location South of Fifth Street (behind South Pointe Park and facing Fisher Island) - almost ALL the available inventory has sold out !!!
The Latest Sales Data for the South Pointe Tower Condos in Miami Beach's South of Fifth Neighborhood:
South Pointe Tower Last 12 Month Condo Sales| Closed Date | ADDRESS | Property Name | List Price | Living Area | LP$/SqFt | Sold Price | SP$/LP$ |
| 5/4/2010 | 400 S POINTE DR # 2004 | SOUTH POINTE TOWER | $ 1,195,000 | 1,802 | $ 663 | $ 1,050,000 | 88 |
| 5/26/2010 | 400 S POINTE DR # 1410 | SOUTH POINTE TOWERS | $ 1,049,000 | 1,559 | $ 673 | $ 880,000 | 84 |
| 7/10/2010 | 400 S POINTE DR # 1007 | SOUTH POINTE TOWER | $ 575,000 | 858 | $ 670 | $ 525,000 | 91 |
| 2/14/2011 | 400 S POINTE DR # 1510 | SOUTH POINTE TOWER | $ 1,195,000 | 1,559 | $ 767 | $ 975,000 | 82 |
| 3/18/2011 | 400 S POINTE DR # 1107 | south pointe towers condo | $ 550,000 | 858 | $ 641 | $ 525,000 | 95 |
| 12/29/2010 | 400 S POINTE DR # 1404 | SOUTH POINTE TOWERS | $ 995,000 | 1,802 | $ 552 | $ 845,000 | 85 |
| 12/17/2010 | 400 S POINTE DR # 1603 | SOUTH POINTE TOWER | $ 995,000 | 1,271 | $ 783 | $ 960,000 | 96 |
| 1/5/2011 | 400 S POINTE DR # 2104 | South Pointe Tower | $ 1,195,000 | 1,802 | $ 663 | $ 925,000 | 77 |
| 3/8/2011 | 400 S POINTE DR # 309 | SOUTH POINTE TOWER | $ 495,000 | 950 | $ 521 | $ 450,000 | 91 |
