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September Sees a Cooling of Miami-Dade Condo Sales as $16M Closing at Continuum South Beach Takes Top Spot

In September, condo sales in Miami-Dade County experienced a decline, with both the number of closings and total dollar volume dropping compared to previous months.

The total sales for September amounted to $548 million, showing a decrease from $700 million in August and $592 million in July, according to MLS data from Redfin. The number of closed sales in September was 809, down from 934 in August and 841 in July.

The price range for September sales varied from $91,000 to $15.2 million, with a median sale price of $397,000. The price per square foot ranged from $101 to $4,543, with a median of $420 per square foot.

The top sale for September was Continuum South Beach unit 3303 at 100 South Pointe Drive in Miami Beach, which closed at $15.5 million, equating to $4,543 per square foot after being on the market for 176 days. The listing was managed by Giorgio Vecchi and Dario Stoka, both with Douglas Elliman, while Eddy Martinez with One Sotheby’s International Realty represented the seller.

Compared to August, September’s top sale was lower, with Grove at Grand Bay unit LPHS in Coconut Grove trading for $19.3 million.

On the other end of the spectrum, the most affordable trade in September was a condo at Mar-len Gardens. Unit 210 at 1355 Northeast 167th Street in North Miami Beach closed at $91,000, or $132 per square foot, after 368 days on the market. The listing was managed by Marsha Umansky with Prag Realtors, and Lambert Wu with Rainbow Investment Realty represented the buyer.

Here’s a breakdown of September’s notable condo sales:

Most Expensive:

  • Continuum South Beach, 100 South Pointe Drive, unit 3303 in Miami Beach
    • Price: $15,150,000 | $4,543 psf | Year built: 2003
    • Listing agents: Giorgio Vecchi and Dario Stoka (both with Douglas Elliman)
    • Buyer’s agent: Eddy Martinez (One Sotheby’s International Realty)

Least Expensive:

  • Mar-len Gardens, 1355 Northeast 167th Street #210 North Miami Beach
    • Price: $91,000 | $132 psf | Year built: 1964
    • Listing agent: Marsha Umansky (Prag Realtors)
    • Buyer’s agent: Lambert Wu (Rainbow Investment Realty)

Highest Price Per Square Foot:

  • Continuum South Beach, 100 South Pointe Drive, unit 3303 in Miami Beach
    • Price: $15,150,000 | $4,543 psf | Year built: 2003
    • Listing agents: Giorgio Vecchi and Dario Stoka (both with Douglas Elliman)
    • Buyer’s agent: Eddy Martinez (One Sotheby’s International Realty)

Lowest Price Per Square Foot:

  • Chantilly, 900 Northeast 195th Street, unit 218 in Miami
    • Price: $150,000 | $101 psf | Year built: 1981
    • Listing agent: Ana Salazar (The Keyes Company)
    • Buyer’s agent: Ana Salazar (The Keyes Company)

Newest:

  • YotelPad Miami, 227 Northeast Second Street, unit 2004 in Miami
    • Price: $485,000 | $942 psf | Year built: 2022
    • Listing agent: Jorge Aguirre Bauer (One World Properties)
    • Buyer’s agent: Anna Lopez (Miami Waterfront Realty)

Oldest:

  • The Fountain, 334 Euclid Avenue, unit 101 in Miami Beach
    • Price: $405,000 | $923 psf | Year built: 1924
    • Listing agent: Shayna Hanson (One Sotheby’s International Realty)
    • Buyer’s agent: Garret Leap (London Foster Realty)

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