Top 3 Most Expensive Miami Beach Condo Sales – August 2010

There were 123 Miami Beach condos sold in the month of August of 2010 ranging from a $2.525 Murano Grande bayfront condo in South Beach, to a $27,000 Versailles Condo-Hotel efficiency unit in foreclosure in mid-beach.  Only 6 of the 123 sales were Miami Beach Condos over a million which is evidence that the sales we saw 2 months ago were not the norm in today’s market.  Please note that 51% of August sales were distressed (short sales or foreclosures), but the very low end inventory is slowly disappearing.

August’s Most Expensive Miami Beach Condo Sale

Murano Grande at Portofino: 400 Alton rd, # 3301 – Miami Beach, FL 33139

Listed for $2,995,000 and sold for $5,525,000 on 08/26/2010

Murano Grande in the SoFi (South of Fifth) area is known for its amazing views, for its interiors and luxurious amenities.  You can’t beat the location and this unit in particular boasts views like you have never seen before.  In addition to having almost 4000 square feet, the selling price at $635 per square feet is not bad at all for a custom designed 4/4.5 in one of the best South Beach Condos.  The MLS reads:

Just reduced and priced to move.    Views, Views, Views   Gorgeous, extra large, custom designed 4 bedroom/4.5 bath home with panoramic views of the Miami Skyline, Biscayne Bay and South Beach. Three large terraces, oversized living/dining room, extra large eat in kitchen/family room featuring Miele, SubZero appliances, media room with private bath, master bedroom with his/her bathrooms, all designed by the award wining Manhattan design firm Garcia-Maldonado.   Bring your most demanding clients.

Features:

• 3,979 sq. ft. of living space
• 4 bedrooms / 4 bathrooms / 1 half-bath
• bay front condo
• South Beach location – South of Fifth Street
• 2 parking spaces
• Built in 2003
• 3 terraces
• Master Suite with his/hers bathrooms
• custom designed by known Manhattan interior design firm
• media room with private bath
• Maintenance = $2187 / month

August’s Second Most Expensive Miami Beach Condo Sale

The Continuum South Beach:  50 S Pointe Dr, #2503 – Miami Beach, FL 33139

Listed for $2,200,000 and sold for $1,880,000 on 8/06/2010

Here we have a SW corner unit with view of all the SoFi high-rises, South Pointe Park, Government Cut and Fisher Island.  The view shown above, although included in the listing marketing materials, doesn’t belong to this residence (it’s one of the tricky things you need to catch when looking at the MLS).  Either way, you have an amazing 2 bedroom beach front condo at Continuum selling for $978 per square foot!  This is what we call, Prime Miami Beach Real Estate.  MLS description says:

Highly desirable and sought after 2 bedroom 2.5 bath, SW corner unit. Enjoy views of the Ocean, Bay, and City from one of your 4 large balconies or through your floor to ceiling windows in every room.  Arrive at the unit from your private elevator landing.  This designer finished unit has teak wood floors, custom made furniture, designer rugs and electronic drapes along with a centralized high end home entertainment by Russ Sound Systems.  This one of kind unit will take your breath away.

Features:

• 1,922 sq. ft. of living space
• 461 sq.ft. of terraces/balconies
• built in 2008
• 2 bedrooms / 2 bathrooms / 1 half-bath
• SW corner unit with view of Ocean, Bay, Government Cut, Fisher Island and City
• 4 large balconies
• private elevator
• designer fished residence with teak wood floors, custom made furniture and designer rugs
• electronic window treatments
• Maintenance = $1550 / month

August’s Third Most Expensive Miami Beach Condo Sale

Murano Grande at Portofino Condo: 400 Alton Rd, #2103 – Miami Beach, FL 33139

Listed for $1,999,999 and sold for $1,870,000 on 8/25/2010

Another Murano Grande Condo makes Top 3 Most Expensive Miami Beach Condos sold in August of 2010.  This one with Limestrone floors and magazine published and selling at $612 / square foot.  Murano Grande is known for its great kitchen and unending water views.  Some people prefer Bayfront buildings because you get Sunsets and the view at night are even more spectacular than in the day time.  The MLS says the following about this condo unit:

As seen in Febuary edition of Florida International magazine: Stunning custom designed unit with private elevator opening into dramatic entrance foyer. Beautiful dove gray limestone floors throughout living area, and designer wooden flooring in the master bedroom. Ambient lighting throughout. Open floorplan with dramatic water views from every room. Bring your pickiest buyers, as this unit is the best priced designer upgraded unit in the building. The custom features make it truly spectacular.

Features:

• 3,058 square feet of living space
• built in 2003
• 3 bedrooms / 3 bathrooms / 1 half-bath
• 1 parking space
• Limestone and designer wood floors
• open floor plan
• bayfront location
• custom designed
• private elevator
• Maintenance = $2248 /month

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