1500 Ocean Drive South Beach- Miami Beach Luxury Condos Report
1500 Ocean Drive currently has 13 condos listed for sale and is located at 1500 Ocean Drive in the South Beach area of Miami Beach. They range in price from $725,000 for a 940 sf (SqFt) 1 bedroom/2 bath condo to $3 million for a 3 bedroom/3 bath condo with 2,320 sf of interior living space. The average list price is $1,456,538 at $1,015/sf.
Year-to-date there have been 4 closed sales at 1500 Ocean Drive. Sales ranged from $1,160,000 for a 2 bedroom/2 bath (1,170 sf) to $2.75 million for a 3 bedroom/3 bath (2,320 sf) condo at an average selling price of $1,692,500 at $969/sf, which averaged 92% of the list price with average days on market of 104 days.
The current absorption rate is 27 months based on the supply and demand as indicated above.
Contact Michael Sahlman, P.A.,e-PRO, IRES, CDPE and Cristina Euripedes-Sahlman, Realtors®, Keller Williams RealtyLicensed Realtors® in Florida at 786-553-0697 to list your property for sale or to purchase a property in Miami Beach, South Beach, Fisher Island, Bal Harbour, Sunny Isles Beach, Surfside and the rest of Miami-Dade County Florida and southeastern Broward County Florida. We are accepting referrals.
Call us today at 786.553.0697 or Toll Free 800.475.3430. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.
To view all the Miami Beach Luxury Condos and Homes For Sale Click here. We know the nearby areas in Miami and all of Miami Dade County, as well as most of Broward County; we will help you get your home Sold if you need to Sell your home and help you buy your Miami Beach Condo or Home; call us today at 786.553.0697.
Disclaimer: The information provided herein is supplied by several sources including the southeast Florida MLS and is subject to change without notice. Miami Beach and South Beach Real Estate Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Miami Beach and South Beach Real Estate Blog represent the opinions and ideas of the author(s). Miami Beach and South Beach Real Estate Blog does not express the views of the broker.
For more information about 1500 Ocean Drive and real estate in South Beach, Miami, Miami Beach, Sunny Isles and the surrounding areas, contact us at 786.553.0697, email us, or visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
Copyright © 2008 By Michael Sahlman, P.A., All Rights Reserved.* 1500 Ocean Drive South Beach - Miami Beach Luxury Condos Report*
Portofino Tower South Beach- South Beach Luxury Condos Report
The Portofino Tower currently has 27 condos listed for saleand is located at 300 South Pointe Drive in the South Beach area of Miami Beach. They range in price from $578,845 for a 1,090 sf (SqFt) 1 bedroom/1 bath to $12.5 million for a 5 bedroom/6 bath condo with 5,450 sf of interior living space. The average list price is $2,451,000 at $894/sf.
Year-to-date there have been 8 closed sales at the Portofino Tower South Beach. Sales ranged from $1.136 million for a 2 bedroom/2 bath (2,040 sf) to $2.3 million for a 3 bedroom/3 bath (2,550 sf) condo at an average selling price of $1,517,625 at $691/sf, which averaged 88% of the list price with average days on market of 217 days. Note the highest sale was on the market for 917 days, which skews the 217 days. The median days on market is 159 days.
The current absorption rate is 28 months based on the supply and demand as indicated above.
view of Government Cut and Fisher Island
penthouse terrace below
Contact Michael Sahlman, P.A.,e-PRO, IRES, CDPE and Cristina Euripedes-Sahlman, Realtors®, Keller Williams Realty Licensed Realtors® in Florida at 786-553-0697 to list your property for sale or to purchase a property in Miami Beach, South Beach, Fisher Island, Bal Harbour, Sunny Isles Beach, Surfside and the rest of Miami-Dade County Florida and southeastern Broward County Florida. We are accepting referrals.
Call us today at 786.553.0697 or Toll Free 800.475.3430. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.
To view all the Miami Beach Luxury Condos and Homes For Sale Click here. We know the nearby areas in Miami and all of Miami Dade County, as well as most of Broward County; we will help you get your home Sold if you need to Sell your home and help you buy your Miami Beach Condo or Home; call us today at 786.553.0697.
Disclaimer: The information provided herein is supplied by several sources including the southeast Florida MLS and is subject to change without notice. Miami Beach and South Beach Real Estate Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on the Miami Beach and South Beach Real Estate Blog represent the opinions and ideas of the author(s). Miami Beach and South Beach Real Estate Blog does not express the views of the broker.
Copyright © 2008 By Michael Sahlman, P.A., All Rights Reserved.*Portofino Tower South Beach - South Beach Luxury Condos Report*
For more information about the Portofino Tower South Beach and real estate in South Beach, Miami, Miami Beach, Sunny Isles and the surrounding areas, contact us at 786.553.0697, email us, or visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
Murano Grande South Beach- South Beach Luxury Condos Report
The Murano Grande currently has 48 condos listed for sale and is located at 400 Alton Road in the South Beach area of Miami Beach. They range in price from $677,000 for a 1,206 sf (SqFt) 1 bedroom/1 bath to $6.9 million for a 5 bedroom/5 bath condo with 6,000 sf of interior living space. The average list price is $1,719,000 at $787/sf. Currently there are 5 pending sales.
Year-to-date there have been 16 closed sales at Murano Grande South Beach. Sales ranged from $650,000 to $3.1 million for a 4 bedrom/5 bath condo at an average selling price of $1.6 million or $646/sf, which averaged 87% of the list price with average days on market of 132 days.
The current absorption rate is 17 months based on the supply and demand as indicated above.
Note that the information here is based on recent information and data from the southeast Florida MLS, so it is subject to change based on market conditions and activity. Much of the information is input by real estate agents, so the accuracy cannot be guaranteed.
Copyright © 2008 By Michael Sahlman, P.A., All Rights Reserved.* Murano Grande South Beach - South Beach Luxury Condos Report*
For more information about Murano Grande South Beach or real estate in South Beach, Miami, Miami Beach, Sunny Isles and the surrounding areas, please contact us at 786.553.0697, or email us. Visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
Il Villaggio Miami Beach- South Beach Luxury Condos Report
Il Villaggio currently has 15 condos listed for saleand is located at 1455 Ocean Drive in the South Beach area of Miami Beach. They range in price from $1.125 million for a 1,210 sf (SqFt) 1 bedroom/1 bath to $17.75 million for a 6 bedroom/6 bath condo with 5,700 sf of interior living space. The average list price is $4,903,000 at $1,722/sf.
Year-to-date there have been 4 closed sales at Il Villaggio.Sales ranged from $890,000 for a 1/1 to $5.05 million for a 3 bedroom/4 bath condo at an average selling price of $2.69 million or $1,736/sf, which averaged 95% of the list price with average days on market of 91 days.
The current absorption rate is 31 months based on the supply and demand as indicated above.
Note that the information here is based on recent information and data from the southeast Florida MLS, so it is subject to change based on market conditions and activity. Much of the information is input by real estate agents, so the accuracy cannot be guaranteed.
Copyright © 2008 By Michael Sahlman, P.A., All Rights Reserved.*Il Villaggio Miami Beach- South Beach Luxury Condos Report*
For more information about Il Villaggio Miami Beach or real estate in South Beach, Miami, Miami Beach, Sunny Isles and the surrounding areas, please contact us at 786.553.0697, or email us. Visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
Selling South Beach Condos -Part 2- Price Analysis of the South Beach Luxury Market
First, let's look at the available inventory by price range. These are the current condos available for sale in South Beach.
Before we get deeper into the numbers, let's take a deep breath and relax and look at the scenery...
Okay now here is the breakdown of closed sales by price range year-to-date.
Price Range #Sold Average DOM
$500K-$699K 79 170
$700K-$999K 14 184
$1,000,000 or over 105 160
Absorption Rates are:
$500K-$699K = 26 months
$700K-$999K = 89 months
$1,000,000 or over = 27 months
For homeowners and potential sellers, this means that if your condo is priced right, it will average about 170 days on market, however, it is priced incorrectly it will probably be on the market for over 2 years or longer unless the price is adjusted sooner. The key is to find the right Realtor who understands the market and can analyze the local market. Hmm....I think I know where you can find a good one...
Note that the information here is based on recent information and data from the southeast Florida MLS, so it is subject to change based on market conditions and activity. In some cases, the numbers were rounded to the nearest thousand. Much of the information is input by real estate agents, so the accuracy cannot be guaranteed.
Copyright © 2008 By Michael Sahlman, P.A., All Rights Reserved.* Selling South Beach Condos -Part 2- Price Analysis of the South Beach Luxury Market*
For more information on Selling South Beach Condos and real estate in South Beach, Miami, Miami Beach, Sunny Isles and the surrounding areas, please contact us at 786.553.0697, or email us. Visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
 |
|
|
Miami Beach, South Beach Waterfront Real Estate Experts-Michael & Cristina live there and specialize in selling oceanfront condos and luxury homes internationally. Spanish, Portuguese & French spoken.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
