Miami-Dade County’s rental product sales surged final thirty day period, as the quantity of units marketed and greenback volume equally rose.
February condominium gross sales totaled $559 million, up from $466 million in January. Brokers shut 704 gross sales previous month, compared to 598 income in January and 677 in December, Various Listing Services information from Redfin display.
February sale price ranges ranged from $50,000 to $24 million, with a median rate of $402,500. The cost per square foot ranged from $87 to $4,058, with a median of $424.
In January, sales closed with a median price of $400,000, and $432 for each sq. foot.
A $24 million closing at Four Seasons Residences at the Surf Club took the title of priciest sale previous thirty day period. Device S-901 at 9001 Collins Avenue in Surfside bought for $4,058 for every sq. foot soon after 286 days on the industry. Jacqueline Feldman with A single Sotheby’s International Realty had the listing, and Miltiadis Kastanis with Douglas Elliman represented the buyer.
The sale price tag was considerably less than January’s priciest sale. An additional Surf Club Four Seasons condominium offered for $15.9 million.
In distinction, February’s most affordable sale was a Hamptons West condominium at 20281 East Place Club Drive in Aventura. Device Cab6 traded for $50,000 — or $87 per sq. foot — immediately after 92 days on the current market. Diane Joffe with Coldwell Banker Realty managed both sides of the offer.
Here’s a breakdown of February’s noteworthy rental sales:
Most Expensive
Four Seasons Residences at the Surf Club, 9001 Collins Avenue, unit S-901 in Surfside | Price tag $24,000,000 | $4,058 psf | 12 months created: 2017 | Listing agent: Jacqueline Feldman with A person Sotheby’s Intercontinental Realty | Buyer’s agent: Miltiadis Kastanis with Douglas Elliman
Minimum High-priced
Hamptons West, 20281 East Place Club Drive, device Cab6, in Aventura | Price tag $50,000 | $278 psf | 12 months constructed: 1984 | Listing agent: Diane Joffe with Coldwell Banker Realty | Buyer’s agent: Diane Joffe Coldwell Banker Realty
Greatest Rate For each Sq. Foot
4 Seasons Residences at the Surf Club, 9001 Collins Avenue, unit S-901, in Surfside | Cost $24,000,000 | $4,058 psf | Year created: 2017 | Listing agent: Jacqueline Feldman with A person Sotheby’s Intercontinental Realty | Buyer’s agent: Miltiadis Kastanis with Douglas Elliman
Lowest Cost For each Square Foot
Mar-len Gardens, 16900 Northeast 14th Avenue, unit 108, in North Miami Seashore | Cost $60,000 | $87 psf | Year designed: 1965 | Listing agent: Charles Schneider with Homefinders Professional | Buyer’s agent: Charles Schneider Homefinders Professional
Newest
Missoni Baia, 700 Northeast 26th Terrace, unit 4801, in Miami | Value $2,900,000 | $1,136 psf | Calendar year created: 2023 | Listing agent: Melissa Rubin with Compass Florida | Buyer’s agent: Nicole Gongee with Crystal Leigh Realty
Oldest
Mercury South Seashore, 100 Collins Avenue, unit 218, in Miami Seaside | Value $245,000 | $613 psf | Calendar year developed: 1921 | Listing agent: Hernan Greve with Oceanside Realty & Investments | Buyer’s agent: Cesar De La Flor with United Realty Team
