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August 19.2025

2 Minutes Read

Miami-Dade Luxury Condo Sales Soar: Highlights from Recent Trends

$15M Chateau Beach tops Miami-Dade weekly condo sales

Miami-Dade Condo Sales Surge Despite Dip in Units

Miami-Dade County's real estate landscape took an interesting turn last week, as despite a reduction in the number of sold condos, the total dollar volume skyrocketed to an impressive $94.2 million. From August 11 to August 17, brokers orchestrated 55 condo sales with an average transaction price of $1,713,245 per unit, indicating a substantial rise from the previous week's average of $1,028,539. In addition, the average price per square foot climbed significantly from $563 to $820, underscoring the demand for upscale living in this vibrant market.

$14.9 Million Chateau Beach Unit Takes the Lead

Leading the sales was the luxurious Sky Villa at Chateau Beach, closing at an exceptional price of $14.9 million or $1,829 per square foot. This significant sale not only highlights the appeal of high-end properties in the region but also reflects ongoing investor confidence in Miami’s luxury real estate market. This particular unit was represented by top brokers Jonathan Mann and Jill Hertzberg of Coldwell Banker Realty, while buyer representation came from Alberto Fernandez with Sustainable RE.

Shifting Market Dynamics in Luxury Condos

In the backdrop, the second most expensive sale was at 57 Ocean, where unit 1103 fetched $11 million—yielding a staggering $3,288 per square foot. The outcomes of these top transactions seem to contrast previous weeks, indicating that while fewer units sold, the market's appetite for luxury is unwavering.

Diverse Pricing Spectrum Among Recent Sales

Further analysis reveals the breadth of the market; the least expensive unit sold during this timeframe was at Icon South Beach, priced at $2 million—a stark contrast to the lavish Chateau Beach unit. Such variations suggest a healthy market dynamics catering to diverse buyer profiles.

Looking Ahead: What Does This Mean for Buyers?

Potential buyers should remain vigilant; while the overall number of sales may fluctuate, the luxury segment continues to thrive. Investing in Miami's real estate could still yield significant returns, especially in properties aligning with this ongoing trend. For current homeowners and future buyers, understanding these fluctuations and trends will be pivotal in making informed decisions in such a competitive market.

Stay tuned for more insights into Miami's real estate, ensuring you make the best decisions for your future.

Florida News

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Miami-Dade Luxury Condo Sales Soar: Highlights from Recent Trends

Miami-Dade Condo Sales Surge Despite Dip in Units

$14.9 Million Chateau Beach Unit Takes the Lead

Shifting Market Dynamics in Luxury Condos

Diverse Pricing Spectrum Among Recent Sales

Looking Ahead: What Does This Mean for Buyers?

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