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With summer just around the corner, I wanted to share some information on the most recent real estate activity in Miami Beach, I researched the last 100 sales along the coast.

Here’s what I discovered:
• There were just over 100 condo and home sales, priced at $500,000 and higher
• We saw about $198,959,525 in sales, roughly averaging about $866 per square foot
• The average selling price of all 100 properties was just under $2M ($1,989,595)

• The highest sale by price was a home on Star Island, selling for $33M ($1941.18/sqft). This is huge, as per the MLS the last recorded sale on Star island was in July of 2014.
• Setai South Beach had the highest sale by price-per-square-foot, Setai Penthouse -VC, sold for $2667/sqft ($9.525M)
• Unit 1405 in IL Villaggio South Beach also sold for $4.9M. This is significant as there hadn’t been a sale in IL Villaggio Since March of 2017.

Needless to say, it’s been a really good last 30 days! Call or text David (786) 200-3966 email David@miamibeachhomefinder.com

For information on all IL Villaggio South Beach For Sale | CONDOS| LOFTS My team and I are at your service 7 days a week.

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It’s been reported that a company tied to AQR Capital Management co-founder Cliff Asness is the buyer of a South Beach penthouse at 321 Ocean Drive that sold last week for a record breaking $26 million.

Skurge LLC, a Delaware, purchased the 6,807-square-foot 5bedroom penthouse located at 321 Ocean Drive. Mr. Asness net worth is listed by Forbes magazine at $3.8 billion.

The sellers, tried to flip the originally listed the Miami Beach penthouse for sale for $53 million in 2015, the same year they closed on the property for $20 million. It was relisted last year for $35 million with Douglas Elliman. The 321 Ocean unit sold for more than $3,800 per square foot in what is the most expensive condo sale of the year.

See and a detailed and up to date list of all Miami Beach Luxury condos for sale today

A South Beach penthouse located at 321 Ocean Drive once listed for listed for sale for $53 million just sold for $26 million. At one time this was South Beach’s priciest residence available for sale. The sellers re listed PH with Douglas Elliman and reduced the asking price to $34 million in August 2017. As per records, the sellers purchased the Miami Beach penthouse at pre-construction for $20 million in 2013.

The stunning 6,800-square-foot two-story residence, boasts a private 5,223-square-foot roof deck with a 36 foot infinity pool, outdoor kitchen, fire pit, and massive entertaining space with 360 degree views of the ocean & city.

Miami Beach Penthouses for sale
321 Ocean Drive is a luxury boutique oceanfront property, completed in 2015 and was designed by Enrique Norten located in the in the posh coveted South of Fifth district of Miami Beach.
View a current and detailed list of all Miami Beach Penthouses for sale today