Top 3 Most Expensive Miami Beach Condo Sales – September 2010

There were 146 Miami Beach condos sold in the month of September of 2010 ranging from a $6.75 Million Continuum South Beach condo, to a $31,500 Fashion Condo in foreclosure in South Beach.  Out of the 146 sales, 8 of them were Miami Beach Condos over a million and 58% of September sales were distressed (short sales or foreclosures).  Murano Grande and Continuum South Beach keep appearing on our Top 3 almost every month – which means when it comes to Luxury…value is in the eye of the beholder, in this case, the buyer.

September’s Most Expensive Miami Beach Condo Sale

Continuum South Beach – South Tower: 100 S Pointe Dr #1804 – Miami Beach, FL 33139

Listed for $8,395,000 and sold for $6,750,000 on 09/22/2010

This $6.75 Million Sale was not just for a condo unit at The Continuum – it was for 2 units put together, a guest suite and a cabana at the South tower.  It totals 4,161 square feet of living space and the 18th floor views were of the ocean and Government Cut/Fisher Island.  the photos really don’t do the space justice, but don’t take my word for it, the final price tag says it all.

This deal went under contract, according to the MLS, in December of 2009 and closed with a different agent this past month.  The MLS description is (and I’m sure the listing agent meant remodeled cabana, not remolded):

Rare opportunity to own a guest suite, Cabana and two units put together pre construction. Completely remodeled units with wide foyer entry to spacious living room, an open kitchen encompassing den and dining area, featuring marble counters, wine cooler, pantry and updated appliances with fabulous views. Comfortable master suite, with plenty of closet space. Two additional bedrooms both with incredible views. Designed to cater to your every need. Cabana has been completely remolded & updated.

Features:

• 4,161 sq.ft. of living space
• built in 2002
• 3 bedrooms / 3 bathrooms / 1 half bath
• corner unit
• 2+ covered parking spaces plus valet parking
• ocean-front building in South of Fifth area of South Beach
• remodeled Cabana
• Monthly Maintenance = $3,609

September’s Second Most Expensive Miami Beach Condo Sale

1500 Ocean Drive: 1500 Ocean Dr 3401 – Miami Beach, FL 33139

Listed for $2,500,000 and sold for $2,250,000 on 9/09/2010

1500 Ocean Drive was designed by none-other than Michael Graves and is located at the North end of Ocean Drive.  it was built in 1999 and has all the amenities you would expect from a South Beach luxury condo.  This particular unit was originally listed for $2.8 Million in 09 and went under contract in August on 2010, closing a month later.  It was sold “turnkey” with all the furniture you see in the photos.  The MLS description reads:

Ultra-chic furnished, turn key, direct ocean 3 bedroom at 1500 Ocean Drive.  Contemporary-hip interior with curved glass open great room and massive 2500 sq.ft. direct oceanfront terrace exemplifies the ultimate South Beach lifestyle! Marble floors and baths, gourmet kitchen, full service luxury building in South Beach. Every amenity available, private beach lounges, 24 hour security and valet, fitness center, heated pool and spa, concierge and more.

Features:

• 2,320 square feet of living space
• built in 1999
• corner unit
• 3 bedrooms / 3 bathrooms / 1 half-bath
• ocean-front building
• 2+ covered parking spaces plus valet paring
• 2,500 sq.ft. terrace
• marble floors
• monthly maintenance = $2,264

September’s Third Most Expensive Miami Beach Condo Sale

Murano Grande at Portofino Condo: 400 Alton Rd, #1703 – Miami Beach, FL 33139

Listed for $2,149,000 and sold for $1,925,000 on 9/30/2010

Another 03 line sells, this time a few floors lower than last month’s “limestone and designer unit”.  Murano is all about location, marina and views. Monthly sales in this building are a reflection of South Beach Lifestyle and how real comfort cares not about price.  This particular residence was listed originally at $2.349 Million in August of 09 and selling for top dollar a year later is not surprising based on showing condition.  MLS reads:

A stunning, flow-through 3 bedroom condo at Murano Grande in South Beach.  Extensive designer upgrades include stone flooring, high-end doors, electronic lighting control systems, a sound system plus a unique step-up bar for entertaining.  Flat screen televisions in every room!  Enjoy dramatic water views from all rooms.  A private elevator foyer greets you as you arrive into this apartment that feels like a house in the sky.  Almost 3100sf of indoor living space, plus two massive terraces.

Features:

• 3,058 square feet of living space
• built in 2003
• bay-front building
• 1 parking space plus valet parking
• 3 bedrooms / 3 bathrooms / 1 half bath
• Marble floors
• 2 exterior terraces
• electronic lighting control systems
• monthly maintenance = $2,248

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