From June 27 to July 3, the South Florida real estate market remained hot with luxury condo sales. In fact, a $27 million Sunny Isles penthouse led the sales. Located at Mansions at Acqualina, this incredible mansion in the sky only spent 24 days on the market before it was sold.
In that period, 357 condos sold for a total of $259 million. This was an increase from the previous week, where 237 condos sold for $159 million. On average, units sold for $725,000. The most expensive sale was that Sunny Isles penthouse, which measures 9,103 square foot. Furthermore, it features four bedrooms and marks the third highest condo sale in Miami-Dade history.
Similarly, the second most expensive sale that week was of $8.6 million. The South Beach condo spent 108 days on the market and sold for $22,459 per square foot.
During that period, a St. Regis Bal Harbour unit sold for $4.9 million after only spending 4 days on the market.
Interested in exploring the Sunny Isles real estate market?
In the recent past Sunny Isles Real Estate received many luxury condos. Renowned word brands such as Armani, Porsche, Trump and Ritz Carlton partnered with local developers to build super luxury oceanfront condos in the region.
Also Known as Florida’s Riviera, Sunny Isles Beach is one of the most elegant communities in Miami. The island is conviniently located between Miami Beach and Fort Lauderdale and shares borders with other great neighborhoods such as Bal Harbour and Aventura.
AMG International Realty is a global real estate firm specializing in Florida. If you are you looking to buy, rent, or sell in Miami we are here to guide you through every step of the way. That is, from mortgage applications, to finding your dream home and closing the deal. Chat with me on WhatsApp: +1 (305) 318 6968 (Heloisa Arazi).