South of Fifth’s Most Sought After CondominiumsDecember 11, 2018
South of Fifth’s Most Sought After Condominiums
The Continuum towers North and South have been kept in the spotlight with their beautiful designs, concierge services, and amenities, but how is the rest of this neighborhood doing? Which buildings in South of Fifth are the trendiest? Which offer the most for the money?
Let’s run the numbers to find out.
Murano Grande – South of Fifth’s Most Sought After Building
Out of eight luxury waterfront buildings, the Murano Grande has contributed to over 31% of the number of sales.
The Murano Grande has been in the spotlight with a massive sale of unit 3001, a 3 bed, 3 bath + powder room that sold for $5,500,000 on June 15th, 2018. This took the building to new heights with an astonishing $1,382 price per square foot.
Click HERE to view all available units in the Murano Grande.
Apogee – South of Fifth’s Jewel
Apogee, certainly the outlier in South of Fifth with only two floor plans available: 3103 s.f. and 4145 s.f. In the past 365 days there have been 5 sales in the building, equating to $54,750,000 sold. The average sales price per square foot over the past year was $2,750.
Click HERE to view all available units in Apogee.
Murano at Portofino
Murano at Portofino is situated where Alton Road meets South Pointe Drive, in the heart of South of Fifth. Having some of the best views, being 1 block away from the best restaurants in town, and having countless amenities, this building has very low turnover. Why? Well, very few owners want to sell.This contributes to higher sale price/list price ratios and higher purchase prices: averaging $3,527,000 over the past 180 days.
Click HERE to view all available units in Murano at Portofino.
Icon South Beach
The Icon just finished the renovation of their pool deck, and it’s fabulous! The renovations, the proximity to Crescent Heights’ newly planned park, and the prices have contributed to its most recent success amongst South of Fifth residents! Averaging $1,826,000 and $958 per square foot, the Icon has contributed to 23% of the sales and is 2nd only to the Murano Grande.
Click HERE to view all available units in Icon South Beach.
Continuum North and South
The Continuum compound has far exceeded all others in South of Fifth in terms of price per square foot which has averaged at $1,907 over the past 6 months. The average sales price over the past 180 days has been $4,343,750. The 12-acre property features 3 pool, 1,000 linear feet of ocean frontage, 3 tennis courts, and a 25,000 sq.ft. gym and spa.
Click HERE to view all available units in the Continuum South.
Click HERE to view all available units in the Continuum North.