Miami Beach Luxury Real Estate – Venetian Islands market report

Miami Beach Luxury Real Estate is a lot about Venetian Islands. Of course you have Palm and Hibiscus Islands as well as Sunset Islands, and prestigious Star Island but there is a great deal of interest that has not slowed down. Because of the amount of inquiries we receive about The Venetian Islands, we have prepared a real estate market report so you know exactly what’s going on there – and of course visuals always help.

There are currently 46 homes for sale on Venetian Islands:

• Highest priced Active Listing: $10,000,000 – located at 1384 S. Venetian Way – it’s a 6 bedroom / 6 bathroom / 2 half-bathroom home on a 13,382 sq. ft. lot with 8,000 sq. ft. of living space **currently under construction**

• Lowest priced Active Listing: $620,000 – located at 11 Century Lane – it’s a 2 bedroom / 2 bathroom bungalow on a 2,829 sq. ft. lot with 1,180 sq. ft of living space **not waterfront**

• Properties currently under contract: 3

• Closed sales this year: 17 (highest sale was for $6,250,000 for the property at 1374 S. Venetian Way – sold on May 9, 08 – this property had been listed since April 06 and the history on the MLS shows 5 different pending sales)

Venetian Islands Single-family home sales

• 1374 S. Venetian – $6,250,000 on May 9, 2008

• 235 E. Rivo Alto – $4,600,000 on April 17, 2008

• 1215 N. Venetian Way – $4,500,000 on April 22, 2008

• 214 W. San Marino Drive – $5,395,000 on April 2, 2008

• 44 W. Rivo Alto Drive – $3,200,000 on July 30,2008

• 700 W. Dilido Drive – $3,022,500 on June 5, 2008

• 830 W. Dilido Drive – $3,150,000 on February 15, 2008

• 808 W. Dilido Drive – $3,155,000 on June 24, 2008

• 55 E. San Marino Drive – $2,700,000 on June 17, 2008

• 101 E. Dilido Drive – $2,750,000 on January 25, 2008

• 114 W. Rivo Alto – $2,350,000 on March 27,2008

• 845 E. Dilido Drive – $2,700,000 on March 20, 2008

• 726 W. Dilido Drive – $2,300,000 on June 2, 2008

• 114 3 Terr – $1,300,000 on February 4, 2008

• 115 3 Terr – $1,100,000 on March 21, 2008

• 8 Century Lane – $1,200,000 on March 28, 2008

• 405 W. Dilido Drive – $1,138,500 on May 8, 2008

If you want any details on any particular sale, shoot us an e-mail at info@miamism.com or call us and we will be happy to provide any information you are looking for.

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