Miami Beach home sales continue to reflect strong demand for well priced properties, especially remodeled waterfront homes & estates. We are also seeing significant unremodeled (land value) sales of both waterfront & non-waterfront homes recently closed in the City of Miami Beach. Below are the most signficant waterfront & non-waterfront sales from the last few weeks. Most notably, we're seeing the vast majority of waterfront homes in Miami Beach selling for LAND VALUES of between $404/SF - $632/SF. There have been a few notable exceptions to this trend- for a new & contemporary waterfront home, which sold on the Venetian Islands for $952/SF of land value (smaller lot), and a recent canalfront land sale which sold for $131/SF of land value in the Lake View subdivision of Miami Beach. Additionally, recent non-waterfront home sales on Miami Beach's Pine Tree Drive have ranged between $143/SF - $334/SF of land value, with the homes ranging from $334/SF up to $532/SF for an updated two story home, which closed on 8/30/2016.
Miami Beach's Recent Significant Waterfront Sales:
2920 North Bay Road - Seven Bedroom Magnificent & Remodeled Waterfront Estate with 170 linear feet of water frontage, WIDE Bay direct downtown Miami Skyline views, totally redone seven bedroom Estate Closed on 07/11/2016 for $19,950,000 ($415/SF of Land)
6385 Pinetree Drive Circle - Nine Bedroom Estate with 175 linear feet of water frontage, intracoastal, totally remodeled Grand Estate for closed for$19,000,000 on 08/22/2016 ($434/SF of Land)
440 W. Rivo Alto Drive - Venetian Islands Six Bedroom Brand New Architecturally Contemporary Home with 60 linear ft. of water frontage closed for $10,000,000 on 07/05/2016 ($952/SF of Land)
412 W. Dilido Drive - Venetian Islands (Land Value Sale). 90' linear water frontage closed on 09/02/2016 for $6,500,000 ($412/SF of Land)
860 Lakeview Drive - Canalfront 80 linear ft. of water frontage (land value sale) for $2,450,000 located adjacent to New Ritz Carlton Residences in Miami Beach's Lakeview Neighborhood ($131/SF) closed on 8/26/2016
609 East Dilido (Venetian Islands) - 60 linear ft of waterfront land value sale, house is a total redo (needs updating) closed on 5/26/16 for $4,325,000 ($411/SF of Land)
6300 North Bay Road (Upper North Bay Road)- 103 + linear ft of waterfront six bedroom breathtaking Estate, wide bay with direct downtown Miami skyline views. Totally updated & state of the art with new dock. Closed on 03/11/2016 for $10,270,000 ($407/SF)
55 East San Marino Drive (Venetian Islands) - 60 linear ft of three bedroom waterfront home was updated recently with lush landscaping & Intracoastal island views facing East. Sold for $5,300,000 on 1/19/2016 ($603/SF of Land)
295 N Coconut Lane (Palm Island) - 75 linear ft- this four bedroom waterfront home was totally remodeled in 2014 with cotemporary finishes, wide Bay DIRECT views of the downtown Miami skyline. $5,580,000 on 01/6/16 ($632/SF of land)
250 S. Coconut Lane (Palm Island) - 60 linear ft of waterfront, house was updated with new dock & views facing cruise ships and downtown Miami. $6,020,000 05/27/16 ($716/SF of Land)
5328 N Bay Road - 75 linear ft of waterfront six bedroom home ideal for updating with direct & wide bay downtown Miami views. Closed on 2/08/16 for $6,550,000 ($519/SF of Land)
1201 N. Venetian Way - 110 linear ft of waterfront, new six bedroom Contemporary Developer home (Decorator Ready) that new owner will add his own finishes. Property has direct downtown wide Bay Miami skyline views Closed on 01/15/2016 for $7,300,000 ($545/SF of land)
320 W. Rivo Alto Drive - 60 linear ft of waterfront, beautifully renovated four bedroom Mediterranean style home on Venetian Islands with furnishings included. $4,250,000 on 06/24/2016 ($404/SF)
28 W. San Marino Drive - Direct Downtown Miami skyline view with 100' of waterfront & new 53' dock, remodeled six bedroom home on San Marino Island with separate guest cottages & room for expansion of existing residence. $8,050,000 on 6/08/16 ($623/SF)
302 S. Coconut Lane - Direct downtown Miami skyline views, completely updated five bedroom contemporary home on Palm Island with 80' of waterfront, new dock + chef's kitchen. $4,700,000 on 06/15/16 ($538/SF)
Recent Non-Waterfront Sales in Miami Beach:
5236 Pine Tree Drive - Updated two story four bedroom home with 3,140 SF of living space. Closed on 8/30/2016 for $532/SF of liveable area & $220/SF of land value
5400 Pine Tree Drive - Land Value Sale closed for $1,340,000 Five Bedroom Home 4,002 SF of living space with unique architectural style. Closed on 08/12/2016 for $334/SF of liveable area & $143/SF of land value
5852 Pine Tree Drive - Updated Four Bedroom Home with guest cottage closed for $1,750,000 with 3,900+ SF of Living Space. Closed on 08/12/2016 for $443/SF of living space & $236/SF of land value.
