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Miami Beach Luxury Real Estate – August Million Dollar Sales

Miami Beach Luxury Real Estate Market Report – August Miami Beach Million Dollar Sales

There are currently 298 Active Single-family Listings in Miami Beach over $1,000,000

  • The highest listing is for $29,000,000 – A waterfront lot with over 570 feet of water frontage located on Sunset Island II (2500 Bay Avenue)
  • The lowest million dollar listing is for $1,050,000 – short sale of a dry-lot home located at 111 4 Terrace on DiLido Island
  • Properties over $1,000,000 Currently under contract (Pending Sales) – 6
  • 10 closed sales over $1,000,000 in August

Miami Beach Luxury Real Estate

1.  44 Star Island Drive – Listed for $9,750,000 – sold for $8,100,000

2.  5396 N. Bay Road – Listed for $7,695,000 – sold for $6,800,000

3.  2012 N. Bay Road – Listed for $6,000,000 – sold for $5,400,000

4.  239 E. Rivo Alto Drive – Listed for $2,395,000 – sold for $2,115,000

5.  1200 S Biscayne Point Road – Listed for $2,150,000 – sold for $2,050,000

6.  3370 Chase Avenue – Listed for $1,997,000 – sold for $1,820,000

7.  6300 Allison Road – Listed for $1,750,000 – sold for $1,500,000

8.  114 2 Terrace – Listed for $1,699,000 – sold for $1,600,000

9.  510 W 31 Street – Listed for $1,450,000 – sold for $1,300,000

10. 7 Century Lane – Listed for $1,150,000 – sold for $1,000,000

There are currently 538 Active Condo Listings in Miami Beach over $1,000,000

  • The highest Miami Beach Luxury condo listing is for $22,000,000 for an Apogee penthouse (800 S. Pointe Drive #PHA)
  • The lowest Miami Beach million dollar condo listing is for $1,000,000 at Murano Grande (400 Alton Road #707)
  • Miami Beach Condos over a million currently under contract (pending sales): 30
  • 12  Closed Condo sales over $1,000,000 in August

1.  Continuum (unit 1607/07) – Listed for $7,499,000 – sold for $6,025,000  **one of our LUXURY Picks**

2.  Continuum (unit 3307) – Listed for $4,750,000 – sold for $3,960,000

3.  Continuum (unit 2704) – Listed for $3,800,000 – sold for $3,650,000

4.  Villa Di Mare (unit 900) – Listed for $3,100,000 – sold for $2,850,000

5.  The Setai (unit 2007) – Listed for $2,600,000 – sold for $2,400,000

6.  The Bathclub (unit 1403) – Listed for $2,375,000 – sold for $2,275,000

7.  Aqua (unit 215) – Listed for $1,950,000 – sold for $1,575,215

8.  Icon (unit 2507) – Listed for $1,750,000 – sold for $1,590,000

9.  Icon (unit 2803) – Listed for $1,595,000 – sold for $1,500,000

10. Sunset Harbor South Condo (PH 6) – Listed for $1,295,000 – sold for $1,175,000

11. Icon (unit 2910) – Listed for $1,190,000 – sold for $1,050,000

12. Aqua (unit 602) – Listed for $1,075,000 – sold for $1,039,000

When it comes to Miami Beach Luxury Condos, both The Continuum and Icon tie with the most million dollar sales for the month of August and Aqua follows with 2 million dollar sales…..stay tuned to see what September brings…..and hopefully it will not include Hurricane Ike.

**all information obtained from the SouthEast Florida Multiple Listing Service**