Faena House Closing Tops Miami-Dade’s May Condo Sales

What falls down bounces again — barely.

Prime condominium gross sales for Might totaled $284.1 million, $33.7 million greater than in April however nonetheless behind March’s whole of $327.3 million.

Knowledge from condominium.com present Might sale costs for the highest 45 condos ranged from $2.1 million to $15.5 million. That’s barely above April’s high sale of a $15 million Fisher Island condominium in Miami Seaside, and breaks a two-month streak of Fisher Island gross sales topping the charts.

Toni Schrager of Brown Harris Stevens represented the sellers for the $15.5 million sale at Faena Home in Miami Seaside: HG Capital hedge fund supervisor Leonard Licht and his spouse Judith.

HG Capital is predicated in London.

Bryan Sereny and Invoice Hernandez of the Invoice & Bryan Staff at Douglas Elliman represented the consumers, Arvind and Shilpa Sanger.

Barely falling wanting the highest spot, and for the second month in a row, a $12.3 million closing at Apogee in Miami Seaside clinched the second spot. That makes Might a terrific month for the Invoice & Bryan group, as they represented the sellers. Clemente Sanchez with Luxe Dwelling Realty represented the client.

The 45 high gross sales in Might averaged $6.3 million, larger than the typical of $6.1 million in April and decrease than the typical of $7.1 million in March. The value per sq. foot in Might ranged from $801 to $4,050, and averaged $1,907, barely decrease than April’s common of $1,931 per sq. foot and March’s common of $1,912 per sq. foot.

Right here’s a breakdown of the highest 45 gross sales for Might:

Costliest

Faena Home, 3315 Collins Avenue, unit 6a | 63 days available on the market | $15.5M | $3,276 psf | Itemizing agent: Toni Schrager with Brown Harris Stevens | Purchaser’s brokers: Bryan Sereny and Invoice Hernandez with Douglas Elliman

Least costly

Grove Isle, 2 Grove Isle Drive, unit B1702 | 11 days available on the market | $2M | $863 psf | Itemizing agent: Alec Macias with Sea Grove Realty | Purchaser’s agent: Alec Macias with Sea Grove Realty

Most days on market

Jade Signature, 16901 Collins Avenue, unit 5305 | 1,060 days available on the market | $10.3M | $1,582 psf | Itemizing agent: Sandra Chartouni with Fortune Worldwide Realty | Purchaser’s agent: Daniel Alitenssi with Prime Worldwide

Fewest days on market

Oceana Bal Harbour, 10201 Collins Avenue, unit 2103 | 1 day available on the market | $8.9M | $2,580 psf | Purchaser’s agent: Lourdes Alatriste with Douglas Elliman
One Thousand Museum, 1000 Biscayne Boulevard, unit 3201 | 1 day available on the market | $7.3M | $1,587 psf | Itemizing agent: Patrice Hallot with London Foster Realty | Purchaser’s agent: Anna Sherrill with One Sotheby’s Worldwide Realty