$10M W South Beach PH closing tops weekly condo sales in Miami-Dade

W Hotel & Residences South Beach at 2201 Collins Avenue in Miami Beach
From left: W Hotel & Residences South Beach at 2201 Collins Avenue in Miami Beach; Murano at Portofino at 1000 South Ocean Drive in Miami Beach (W South Beach Condos Miami, Zillow, iStock) via www.therealdeal.com

Top 10 sales ranged from $3M to $10M

Condo dollar volume continued its decline during Christmas week in Miami-Dade County. The number of condos sold also fell, but the average sale price rose.

Dollar volume for the week totaled $134 million, below the $148.1 million recorded the week before. Sales reached 147, versus 262 the previous week.

Condos sold for an average price of about $912,000, up from about $780,000 the week prior. The top sale was a $10.3 million closing at W Hotel & Residences South Beach at 2201 Collins Avenue in Miami Beach. Unit UPH1 traded for about $3,743 per square foot. Jonathan Azoulay represented the buyer, and Eloy Carmenate and Mick Duchon represented the seller.
The second most expensive sale occurred at Murano at Portofino in Miami Beach. Unit 2001 at 1000 South Ocean Drive traded for $8.4 million, or just over $2,400 per square foot. Francis Hawley represented the buyer, and Dora Puig represented the seller.
By Adam Farence www.therealdeal.com
Read the full story www.therealdeal.com

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