CondoWatch: Miami Week of April 11 – 17, 2021

South Beach dominates Condo sales once again with a $35 Million Dollar Closing!

What a week! Penthouse 2 at the Continuum South Tower just sold for $35,000,000 or $3,172.88 per foot for a 6 bedroom 7.5 bath 11,000 square ft home in the sky. Eloy Carmenate represented the Seller and Stephen Simpson the Buyer. The Second highest sale was unit 1402 at the Apogee which sold for $8,000,000 or $2,902.76 per foot after 17 days on the market. Homes are selling quickly with units at Biscayne Beach, Bath Club and Fisher Island closing after 1, 2 and 6 days on the market. Total Sales for the week were $242,410,855 for 278 Closings with an average price of $871,981.49

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About Author: Barbara Rosenberg