Miami-Dade County condo sales rose in August, with closings and dollar volume higher than in July.
August condo sales totaled $700 million, up from $592 million in July and on par with $700 million in June. Brokers closed 934 sales last month, compared to 841 in July, MLS data from Redfin show. August sale prices ranged from $42,000 to $19.3 million, with a median sale price of $410,000. Price per square foot ranged from $103 to $4,229, with a median of $430 per square foot.
Grove at Grand Bay unit LPHS at 2675 South Bayshore Drive in Miami’s Coconut Grove took August’s top spot with a $19.3 million closing. The sale equated to $2,024 per square foot after 333 days on the market. Angel Nicolas with Compass represented both sides of the deal.
It was a lower price than July’s top sale. Fisher Island unit 7463 at 7463 Fisher Island Drive in the 7400 Oceanside building topped the charts in July at $24.2 million.
Last month’s cheapest trade was a condo at Star Lakes Estates. Unit 919 at 18707 Northeast Second Avenue in Miami closed at $42,000 — or $103 per square foot — after 54 days on the market. Camila Willis with The Keyes Company had the listing. Ellier Gonzalez with EM Squared Real Estate represented the buyer.
It’s cheaper than July’s lowest sale, which clocked in at $67,000.
Here’s a breakdown of August’s notable condo sales:
Grove At Grand Bay, 2675 South Bayshore Drive, Unit LPHS in Miami | Price: $19,250,000 | $2,024 psf | Year built: 2016 | Listing agent: Angel Nicolas with Compass Florida | Buyer’s agent: Angel Nicolas with Compass Florida
Star Lakes Estates, 18707 Northeast Second Avenue, unit 919 in Miami | Price: $42,000 | $103 psf | Year built: 1969 | Listing agent: Camila Willis with The Keyes Company | Buyer’s agent: Ellier Gonzalez with EM Squared Real Estate
Highest Price Per Square Foot
Surf Club, 9001 Collins Avenue, unit S-207 in Surfside | Price: $18,500,000 | $4,229 psf | Year built: 2017 | Listing agents: Ximena Penuela and Kimberlyn Montilva with Fort Realty | Buyer’s agent: Dustin Nero with Douglas Elliman
Lowest Price Per Square Foot
Star Lakes Estates, 18707 Northeast 2nd Avenue, unit 919 in Miami | Price: $42,000 | $103 psf | Year built: 1969 | Listing agent: Camila Willis with The Keyes Company | Buyer’s agent: Ellier Gonzalez with EM Squared Real Estate
57 Ocean, 5775 Collins Avenue, unit 504 in Miami Beach | Price: $2,300,000 | $1,783 psf | Year built: 2021 | Listing agent: Mayan Van Der Miller with Compass Florida | Buyer’s agents: Stephanie Dubugras and Rejane Gomes de Paula with Fortune Christie’s International Real Estate
Casa Grande, 834 Ocean Drive, unit 501 in Miami Beach | Price: $850,000 | $639 psf | Year built: 1923 | Listing agent: Aldo Massaglia with AG Real Estate Advisors | Buyer’s agent: Aldo Massaglia with AG Real Estate Advisors