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The Most Expensive Miami Beach Real Estate Sales Per SF in Q2

August 4, 2017

The Most Expensive Miami Beach Real Estate Sales Per SF in Q2

The Miami real estate market reports for the second quarter are in, and it’s no surprise that Miami Beach real estate is a hot commodity. Both homes on and off the water, as well as condos, are selling like hot cakes because everyone wants to own a little piece of luxury in Miami Beach. When it comes to price per square foot, these were the biggest home sales for the last three months and, in true Miami style, offer the perfect combination of glamour, style, luxury, privacy, and sophistication.

W South Beach Collins Avenue Penthouse

You can’t talk about luxury real estate without mentioning Collins Avenue. With home after home, condo after condo of multi-million-dollar properties, this penthouse suite at 2201 Collins Ave. is 2,912 square feet of incredible waterfront real estate. Sold for a little over $10 million at a price per square foot of $3,503, this three-bedroom high rise is located on the top floor of the gorgeous W South Beach building right on the beach. This unit has floor-to-ceiling windows overlooking the water and an expansive rooftop deck and private lap pool perfect for hosting A-list parties. Considered one of the sexiest penthouses in the area, this massive unit offers the true Miami Beach VIP experience. From the upscale furnishings to penthouse-only perks and world-class condo amenities, this private and luxurious rooftop unit allows owners to live like they’re on a permanent vacation.

 

Palazzo Del Sol Sky Mansion

Palazzo Del Sol is all anyone can talk about when it comes to new construction on Miami’s exclusive Fisher Island, more specifically 7002 Fisher Island #PH2. The building is a 10-story architectural masterpiece that houses 43 units, making it a private place to call home. This particular unit sold for the wonky price of $31,261,545 and covers 9,715 square feet of living space. Despite the large selling price, the square foot value amounts to $3,218. Designed by renowned architect Enzo Enea, this spacious mansion in the sky has luxurious living areas, state-of-the-art appliances, gourmet kitchen, and an open and flowing  floor plan that allows the indoors to seamlessly transition into the outdoors. With seven bedrooms all with their own private spa bathrooms, this penthouse offers breathtaking views of the water, exclusive amenities and even came with a custom golf cart.

 

The Waterfront Setai Residences Experience

The Setai Residences are one of Miami Beach’s most luxurious real estate options and are known for their exceptional resort-style amenities and world-class services. Living here puts you 30 floors above the white-sand beaches of Miami and is complete with a chef-inspired kitchen outfitted with state-of-the-art appliances, custom cabinets, granite counters and views overlooking the water. Spanning 1,316 square feet and recently sold for $3.35 million, the two-bedroom residence at 101 20th Street #3006 combines the prestige of a five-star hotel with the comforts and privacy of a high-end high rise. With three restaurants on site, three infinity pools with private cabanas and a high-tech fitness center, this impressive unit puts its new owners minutes from the beach, shopping, and Miami nightlifeIt was also a great value at $2,546 per square foot.

 

Special EDITION Residences

Another massive waterfront condo that sold this quarter was the Penthouse 1406 of the Miami Beach EDITION Residences. Clocking in at $5.4 million ($700,000 below list price), the closing on this 2,255-square-foot penthouse shows you can lock down a premier piece of real estate for a great value in Miami Beach ($2,395 per sq. ft.). Aside from the views and the crisp, modern design (whitewashed teak floors!), this penthouse really stands out for its enormous outdoor areas. The proud new owners will have their own private rooftop with plunge pool and covered kitchen.

 

The Setai Residences Take Two

The Setai waterfront condo in Miami Beach was the site of not one but two of this quarter’s biggest sales. The 28th-floor unit at #2802 went for $5.5 million, three bedrooms and a mere 2,354 square feet ($2,336 per sq. ft.). What makes this property unique? It has to be the interior design, which features inset wooden shelving, Japanese-inspired doorways and an overwhelming feeling of zen. Plus, the aforementioned amenities. Let’s just say it’s not by accident that Setai pops up twice on this list.

 

The great thing about Miami is that pretty much anyone, with any budget, can find a gorgeous place to call home just minutes from the beach. But for those who truly believe in working hard and playing harder, and who are ready for a luxury lifestyle upgrade, homes like these secure your place as a true Miami Beach VIP.

Are you looking for real estate here in Miami but don’t know where to start? Just click the chat now button on the bottom right of your screen and get in touch with an ARIA Luxe Agent today.

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