Miami Beach Real Estate Market Report for 2009 – Venetian Islands Luxury Homes

This should put the Miami Beach Luxury Home Market in perspective – there have only been 10 home sales in The Venetian Islands this year – the highest sale being 28 W San Marino for $3,830,000  and lowest $900,000 for the dry-lot property located at 1480 NE 13th Ave in San Marco Island.
Venetian Island Home Sales 2009 View in a larger map

Address Bds Bths HBth sqft Water Lot Size List Price Sale price $/sq.ft
28 W San Marino 6 6 1 4,716 Y 12,960 $4,450,000 $3,830,000 812
122 W Dilido Drive 4 4 1 3,586 Y 10,500 $3,200,000 $2,800,000 781
309 E San Marino Dr 4 4 1 3,370 Y 15,750 $2,950,000 $2,650,000 786
830 W Dilido Dr 4 3 0 3,734 Y 13,408 $2,950,000 $2,610,000 699
209 E Dilido Dr 4 3 1 3,772 Y 10,500 $2,750,000 $2,235,000 593
25 E Rivo Alto Dr 4 3 1 3,894 Y 13,380 $2,590,000 $2,350,000 603
127 E Rivo Alto Dr 4 4 0 3,361 Y 10,500 $2,275,000 $2,040,000 607
1111 N Venetian Dr 3 3 1 4,010 Y 15,000 $2,137,500 $2,030,000 506
30 E Dilido Dr 3 3 0 2,441 N 7,020 $999,000 $945,000 387
1480 NE 13th Ave 4 3 0 2,796 N 7,500 $985,000 $900,000 322

The average price per square foot for waterfront properties in The Venetian Islands was $673 compared to $812.11  in 2008 – one of those sales was a foreclosure (The property located at 1111 N. Venetian Drive) – if you remove that property from the average, the number goes up to $697/sq.ft which is still over $100 per square foot less than the previous year.  what I find curious about the sales in 2009 is that none of the higher priced homes sold, meaning the ones over $4 million.  I’ll modify this list if there are any further closings in the month of December.

**UPDATE** There were no sales in The Venetian Islands in the month of December which makes this real estate market report the FINAL one for 2009**

Miami Beach Luxury Real Estate

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

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