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$35M Miami Beach sale leads weekly condo sales

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$35M Miami Beach sale leads weekly condo sales

As reported in The Real Deal.

A total of 278 condos sold for $242.4 million last week, up from the 239 condos that sold for $147.5 million the previous week.

Units sold for an average price of $872,000, up from $617,000 the week prior. Condos sold for an average $440 per square foot, up from $411 per square foot.

The most expensive sale was for developer Ian Bruce Eichner’s penthouse at Continuum South Tower. The Miami Beach unit sold for $35 million, or $3,173 per square foot, after 628 days on the market. 

The second most expensive sale of the week was for unit 1402 at Apogee in Miami Beach, which sold for $8 million, or $2,903 per square foot. The unit spent 17 days on the market. 

Here’s a breakdown of the top 10 sales from April 11 to April 17.

Most expensive
Continuum South Tower PH2 | 628 days on market | $35M | $3,173 psf 

Least expensive
The Residences at the Bath Club 1003 | 2 days on market | $3.7M | $1,016 psf 

Most days on market
Continuum South Tower PH2 | 628 days on market | $35M | $3,173 psf

Fewest days on market
Biscayne Beach Condo 5102 | 1 day on market | $6.5M | $771 psf