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Miami Luxury Real Estate Stats: Condos over $5 million- Are they Selling?

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There has been a significant rebound in the luxury condo market this year and sales have exceeded expectations in Coral Gables, Miami Beach, Downtown Miami and other metropolitan areas in South Florida. More buyers are being attracted by the top of the line amenities offered at high-rises such as the W South Beach and The Setai as well as stunning views and central locations. Demand for these properties is growing rapidly and One Sothebys is servicing the needs of buyers and sellers.

In the last 12 months, 12 luxury condos have sold for over $5 million or higher in Miami-Dade County.Currently, the average price for a significant luxury condo is $1000+ with 103 condos priced at over $5 million listed in the MLS (approximately 5,000+sq ft), which is the lowest inventory point in the past two years. Just in the last 60 days, notable sales include the elegant Tower Suite in Gables Club for $9 million to a buyer from Ocean Reef. Also, the Penthouse at the Marquis closed at $4.2 million, making it the highest residential sale in Downtown Miami and a penthouse at The Setai in Miami Beach fetched an impressive $15 million. The highest listed luxury condo in the market is the 6,026 sq. ft. penthouse at The Setai priced at $27 million, the property boasts a sky roof top terrace, custom woodwork and perks such as concierge, room service, state of the art fitness center, restaurants and three main pools. Demand for these luxury condo properties keeps growing rapidly, guaranteeing more $5million+ sales before the years end. Visit our website and YouTube channel to browse virtual tours of the fabulous One Sothebys luxury condo listings.There has been a significant rebound in the luxury condo market this year and sales have exceeded expectations in Coral Gables, Miami Beach, Downtown Miami and other metropolitan areas in South Florida. More buyers are being attracted by the top of the line amenities offered at high-rises such as the W South Beach and The Setai as well as stunning views and central locations. Demand for these properties is growing rapidly and One Sothebys is servicing the needs of buyers and sellers.

In the last 12 months, 12 luxury condos have sold for over $5 million or higher in Miami-Dade County.Currently, the average price for a significant luxury condo is $1000+ with 103 condos priced at over $5 million listed in the MLS (approximately 5,000+sq ft), which is the lowest inventory point in the past two years. Just in the last 60 days, notable sales include the elegant Tower Suite in Gables Club for $9 million to a buyer from Ocean Reef. Also, the Penthouse at the Marquis closed at $4.2 million, making it the highest residential sale in Downtown Miami and a penthouse at The Setai in Miami Beach fetched an impressive $15 million. The highest listed luxury condo in the market is the 6,026 sq. ft. penthouse at The Setai priced at $27 million, the property boasts a sky roof top terrace, custom woodwork and perks such as concierge, room service, state of the art fitness center, restaurants and three main pools.

Demand for these luxury condo properties keeps growing rapidly, guaranteeing more $5million+ sales before the years end. Visit our website and YouTube channel to browse virtual tours of the fabulous One Sothebys luxury condo listings.

Spectacular Dining Room of The Setai PH

Spectacular Dining Room of The Setai PH

Spectacular Dining Room of The Setai PH

There has been a significant rebound in the luxury condo market this year and sales have exceeded expectations in Coral Gables, Miami Beach, Downtown Miami and other metropolitan areas in South Florida. More buyers are being attracted by the top of the line amenities offered at high-rises such as the W South Beach and The Setai as well as stunning views and central locations. Demand for these properties is growing rapidly and One Sothebys is servicing the needs of buyers and sellers.

In the last 12 months, 12 luxury condos have sold for over $5 million or higher in Miami-Dade County.Currently, the average price for a significant luxury condo is $1000+ with 103 condos priced at over $5 million listed in the MLS (approximately 5,000+sq ft), which is the lowest inventory point in the past two years. Just in the last 60 days, notable sales include the elegant Tower Suite in Gables Club for $9 million to a buyer from Ocean Reef. Also, the Penthouse at the Marquis closed at $4.2 million, making it the highest residential sale in Downtown Miami and a penthouse at The Setai in Miami Beach fetched an impressive $15 million. The highest listed luxury condo in the market is the 6,026 sq. ft. penthouse at The Setai priced at $27 million, the property boasts a sky roof top terrace, custom woodwork and perks such as concierge, room service, state of the art fitness center, restaurants and three main pools.

Demand for these luxury condo properties keeps growing rapidly, guaranteeing more $5million+ sales before the years end. Visit our website and YouTube channel to browse virtual tours of the fabulous One Sothebys luxury condo listings.

Spectacular Dining Room of The Setai PH

Spectacular Dining Room of The Setai PH

Spectacular Dining Room of The Setai PH

There has been a significant rebound in the luxury condo market this year and sales have exceeded expectations in Coral Gables, Miami Beach, Downtown Miami and other metropolitan areas in South Florida. More buyers are being attracted by the top of the line amenities offered at high-rises such as the W South Beach and The Setai as well as stunning views and central locations. Demand for these properties is growing rapidly and One Sothebys is servicing the needs of buyers and sellers.

In the last 12 months, 12 luxury condos have sold for over $5 million or higher in Miami-Dade County.Currently, the average price for a significant luxury condo is $1000+ with 103 condos priced at over $5 million listed in the MLS (approximately 5,000+sq ft), which is the lowest inventory point in the past two years. Just in the last 60 days, notable sales include the elegant Tower Suite in Gables Club for $9 million to a buyer from Ocean Reef. Also, the Penthouse at the Marquis closed at $4.2 million, making it the highest residential sale in Downtown Miami and a penthouse at The Setai in Miami Beach fetched an impressive $15 million. The highest listed luxury condo in the market is the 6,026 sq. ft. penthouse at The Setai priced at $27 million, the property boasts a sky roof top terrace, custom woodwork and perks such as concierge, room service, state of the art fitness center, restaurants and three main pools.

Demand for these luxury condo properties keeps growing rapidly, guaranteeing more $5mllion+ sales before the years end. Visit our website and YouTube channel to browse virtual tours of the fabulous One Sothebys luxury condo listings.

Spectacular Dining Room of The Setai PH

Spectacular Dining Room of The Setai PH

Spectacular Dining Room of The Setai PH