High end luxury Real estate boom! $35 million in 3 sales in less than 30 days!
$35 million in 3 sales in less than 30 days!
So when we thought that the sale of the Fontainebleau II’s Penthouse at $9,000,000 would be the highest sale of the year http://www.celekt.com/articles/miami-beach-highest-condo-sale-since-2007-9000000/, we should have thought twice…
- By the end of May 2010, an other record sale was recorded: http://sef.mlxchange.com/Pub/EmailView.asp?r=1668817485&s=SEF&t=SEF
SANTA MARIA #4901 Sold for $11,000,000
Unit #4901, a 7 BR Penthouse at the Famous Santa Maria condo was sold for $11,000,000. This unit was bank owned and closed very very quick…… maybe too quick but my comments will stop here.
2 weeks later, Penthouse B at the Setai South Beach closed as the number one highest re-sale in the condo Market in Miami Beach and in all Miami Dade.
Setai South Beach Penthouse B sold for $15,000,000
Penthouse B listed at $19,999,999 closed at $15,000,000 with a closed price per square foot over $2,400…. never seen before!
Previous owner, a partner at Barroway Topaz Kessler Meltzer Check, LLP, with over 80 attorneys, one of the largest firms specializing in the prosecution of complex class action litigation, has found a buyer for his only ones of its kind property.
Those unique listings sold back to back ( not including an $8 million + Penthouse at the One Bal Harbour Condominium last month) show how the very high end market has regained confidence into the Miami Beach Real Estate Market. The big players are putting back their money in Real Estate. Definitely, a very distinctive and exceptional Micro Market with Matchless properties but a positive force for the overall market.
Tags: market inventory, Miami Beach, miami beach penthouses, Miami Penthouses, Miami Real Estate
