Miami Beach Real Estate Market Report for 2008 – Venetian Islands Luxury Homes

There were 22 Venetian Island Home Sales in 2008 above $1,000,000 in Miami Beach – Making the Venetian Islands Luxury Home Real Estate Market the hottest in all of Miami Beach. With the highest sale at $6,250,000 and the lowest at $1,000,000 (our cutt-off point). My observation with respect to the active listings in the Venetian Islands is that there are a lot of fixer uppers and homes that have been completely gutted – most should be sold for land value rather than a shell of problems where financing is nearly impossible not to mention permitting issues with the City of Miami Beach.

Address Bds Bths HBth sqft YrBlt Lot Size List Price Sale price Closing Date
1374 S Venetian Wy 7 8 1 7,117 2008 10,500 $7,950,000 $6,250,000 5/9/2008
235 E Rivo Alto Dr 6 6 1 6,000 2006 $5,900,000 $4,600,000 4/17/2008
1215 N Venetian Wy 7 6 1 7,653 2003 13,382 $5,700,000 $4,500,000 4/22/2008
214 W San Marino Dr 6 4 0 3,763 1936 15,750 $5,395,000 $5,000,000 4/2/2008
44 W Rivo Alto Dr 6 7 0 7,117 1941 15,750 $3,995,000 $3,200,000 7/30/08
700 W Dilido Dr 4 3 0 3,471 1956 14,000 $3,987,000 $3,022,500 6/5/2008
830 W Dilido Dr 4 3 0 3,734 1947 13,408 $3,650,000 $3,150,000 2/15/2008
808 W Dilido Dr 3 2 0 2,582 1951 10,500 $3,190,000 $3,155,000 6/24/2008
55 E San Marino Dr 3 3 0 3,004 1951 9,779 $2,999,999 $2,700,000 6/17/2008
101 E Dilido Dr 4 3 0 2,669 1939 10,500 $2,999,000 $2,750,000 1/25/2008
114 W Rivo Alto Dr 4 3 1 3,305 1924 10,500 $2,990,000 $2,650,000 3/27/2008
845 E Dilido Dr 3 3 0 2,782 1952 13,353 $2,750,000 $2,700,000 3/20/2008
726 W Dilido Dr 4 3 0 3,138 1936 10,500 $2,500,000 $2,300,000 6/2/2008
239 E Rivo Alto Dr 2 2 0 2,250 1947 10,500 $2,369,000 $2,115,000 8/7/2008
122 E San Marino Dr 4 4 1 3,970 2003 7,200 $1,799,000 $1,700,000 10/29/2008
114 2 Rivo Alto Terr 3 3 0 2,401 1945 $1,699,000 $1,600,000 8/8/2008
126 E Rivo Alto Dr 3 2 1 2,337 1950 7,500 $1,599,000 $1,400,000 12/8/2008
114 3 Dilido Te 3 2 1 2,174 1938 7,500 $1,399,000 $1,300,000 2/4/2008
115 3 terr 4 3 0 2,736 1937 7,500 $1,375,000 $1,100,000 3/21/2008
8 Century Ln 2 2 0 1,042 1941 4,599 $1,345,000 $1,200,000 3/28/2008
405 W Dilido Dr 4 3 1 2,295 1948 7,500 $1,295,000 $1,138,500 5/8/2008
7 Century Ln 3 2 0 1,146 1941 3,672 $1,150,000 $1,000,000 8/25/2008

Based on 2008 Miami Beach Sales for The Venetian Islands – the average priced home was $2,700,000 and the average price per square foot was $812.11 – please keep in mind that location within the islands, view and condition of home are huge factors in determinining the average pricing. An average home, with an average view and average finishes would be priced at the $811/sq.ft price.

Miami Beach Luxury Real Estate

Search Venetian Islands Homes currently listed for sale – above $1,000,000

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