Top 3 Most Expensive Miami Beach Condo Sales – April 2010
There were 157 Miami Beach Condos sold in the month of April 2010, ranging from $5.9 million to $39,952 for a 406 square foot efficiency at The Beverly Arms. Ironically, 1/2 a year of condo fees at The Apogee would buy that efficiency in North Beach – that’s what we love about Miami Beach. Sales are definitely increasing, some say it’s because of the tax credit, but I doubt very much that Mr. Apogee or Setai buyer are looking for an $8k credit.
April’s Most Expensive Miami Beach Condo Sale
Apogee South Beach: 800 S Pointe Dr #1801 – Miami Beach, FL 33139
Listed for $6,795,000 and sold for $5,900,000 on 04/16/2010
Apogee is one of my favorite condos in Miami Beach because of its simple and austere facade – the views are ridiculous! and the building keeps living up to its name with record sales. Although this particular unit was listed for $6,795,000 in may of 2009, the buyer got a 13% discount, which is not at all bad. The MLS reads:
High floor corner unit at Apogee. 4 bedroom/3.5 bath residence. Lrg living room with fireplace. Large master suite with midnight kitchen. Media room and outdoor kitchen. Top of the line line appliances, exceptional woodwork in closets, sunken bathtub/ rain showers. Panoramic views of Fisher Island, Atlantic Ocean, Government Cut, South Beach. 2400 sf wrap-around terrace. 2.5-car enclosed garage. Apogee is the most exclusive building in South Beach and one of the most luxurious condominiums South of NYC
Features:
- 4,154 square feet of living space
- 4 bedrooms / 3.5 bathrooms
- Built in 2008
- 2 parking spaces
- 2400 square foot wrap-around balcony
- outdoor Summer kitchen
- Monthly maintenance = $5,046
April’s Second Most Expensive Miami Beach Condo Sale
Apogee South Beach: 800 S Pointe Drive, #2002 – Miami Beach, FL 33139
Listed for $5,750,000 and sold for $4,750,000 on 4/05/2010
Apogee is racking them up! another fabulous unit on the 20th floor with endless views of Government Cut, Fisher Island and both sunsets and sunrises. This one is a little smaller than 1801, but paying a bit more per square foot ($1,532/sq.ft as opposed to $1,420/sq.ft.). This unit was listed for $5,750,000 in June of 2008 selling at a 17% discount. Is there a magical $1 million off the list price at Apogee (I see a pattern in the last couple of months). MLS reads:
Miami’s FINEST Full Service Boutique Bldg! Only 67 units S.of 5th Street! Highest Floor Available in “02” w/11′ deep & 1000 sq.ft.Sunrise/Sunset Terr. w/floorthru views of Bay, Ocean & City. Only unit w/outdoor shower!Unit has double the Low Voltage Lighting Package & Upgraded Stone throughout. Outdoor Summer Kitchens; 2.5 Car enclosed garages w/AC; Resort-like pool deck,spa & fitness ctr. w/Sunset Views & Lush New State Park all by Yabu & Pushelberg Design Team.White-glove Concierge Services
Features:
- 3,100 square feet of living space
- built in 2008
- 2 parking spaces
- 3 bedrooms / 3 bathrooms
- 1000 square foot terrace
- outdoor Summer kitchen
- Monthly maintenance = $3778
April’s Third Most Expensive Miami Beach Condo Sale
The Setai – 101 20th St #A – Miami Beach, FL 33139
Listed for $5,500,000 and sold for $4,000,000 on 4/01/2010
The Setai is the epitome of luxury, amenities and pampering and although the photos of this raw unit will not say much to most of you, it’s a gorgeous blank canvas for any architect. All you need is a little imagination and a bit of cash to make this space spectacular – I’m sure the lucky buyer will do just that. You may even be thinking, “wait, you can’t finance that place” – truth is, most of these sales are cash deals….no worries about Fannie Mae or Freddie Mac in this market. MLS description reads as follows:
Great opportunity to own big space with direct ocean views at The Setai. Sold raw or with The Setai’s famous architect plans. Plans are for a three bedroom unit with a 20 foot ceiling direct ocean view living area. Three balconies: northeast corner, southeast corner and direct south. Opportunity to build out to your taste.
If only The Setai and The W would get together and do something about that ugly Days Inn they have in between them, it would make The area of The Bass Museum and Barclay Plaza so much more pleasant.
Features:
- 2,305 square feet of living space
- built in 2004
- 3 bedrooms / 3 bathrooms
- 1 parking space
- direct ocean views / ocean front condo
- monthly maintenance = $4846
**all information obtained from the SouthEast Florida Multiple Listing Service**