CondoWatch: Miami-Dade Week of July 18 – 24, 2021

Soaring over Sunny Isles – Porsche Design Tower had the highest sale of the week

Topping another high-flying week for Miami condo sales, the 52nd floor Penthouse at Porsche Design Tower sold for $16,600,000. This 6,000 SqFt mansion in the sky features a 4-car Sky Garage with car elevator for total privacy, breathtaking 21 ft ceilings, glass wine cellar, magnificent ocean and city views and expansive terraces with outdoor kitchen. Alex Miranda represented the Seller and Enrique Tettamanti brought the Buyer. The Second and third largest sales were also in Sunny Isles at the Ritz Carlton. Represented by Karen Reiter and Jack Esquenazi, unit 4205 closed at $5,750,000 for this beautiful 4 bedroom, 5 bath upgraded unit with the finest Italian finishes, Snaidero kitchen & Gaggenau appliances. Located downstairs, unit 1005 sold for $4,900,000 for this amazing 4 bedroom, 5.5 bath light-filled corner residence. The new owners will enjoy 2 resort-style pools, fitness center, spa and restaurant. Sivan Koster and Michael Gebhard represented the Seller and Buyer. Once again, it was another hot week for condo transactions. There were 215 Total Sales totaling $160,681,839. Average Sale Price was an extraordinary $747,357 and 105 Days on Market.

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About Author: Barbara Rosenberg