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South Florida Real Estate
South Beach Real Estate – Continuum Condo Market Update
This gorgeous oceanfront development on 12 acres is a true vacation destination, even if you live here year round! The Continuum, in Miami Beach’s South of Fifth neighborhood, currently consists of two condo towers and several lofts. The North Tower is 50 S Pointe Drive and the South Tower is 100 S Pointe drive.
The market information as of today for 2 bedroom units in each of the two towers is as follows:
- The average price per square foot for 2 bedrooms sold this year in 50 S Pointe is $ 716. At 100 S Pointe the average is $652.
- 36 2-bedroom units currently for sale in Continuum (both towers)
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17 in 50 S Pointe (2008)
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19 in 100 S Pointe (2002)
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4 are townhomes/lofts
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Highest list price is $3.299 million for a townhouse
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Lowest list price is $1,150,000 for unit 1901 at 100 S Pointe
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9 2-bedroom units have sold this year in 50 S Pointe. Highest sales price was for Loft-1. It sold for $1,700,000, $732 per square foot, on 9/29. The lowest sale was unit 805. It sold on Sept. 25 for $900,000 or $452 per square foot. Highest per square foot price $838 for unit 1404. Lowest price per square foot was unit 805 at $452. There are currently no pending sales in 50 S Pointe.
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10 2-bedroom units have sold this year in 100 S Pointe. Highest price was unit 804 at $2,325,000 or $1014 per square foot. Lowest was unit 605 at $940,000 or $502 per square foot. Those are also the highest and lowest prices on a square foot basis. There are two pending sales. One is listed at $1034 per square foot the other at $931.
Miami Beach Condo For Sale – No Tricks, Just Treats
Miami Beach condo
The updated kitchen isn’t the only thing this 2 bedroom 2 bath condo has going for it. It is two blocks to the beach, walking distance to shopping and restaurants, has ocean and city views, a ton of closet space, on public transportation route, and internet, cable, hot water and air conditioning are all included in the maintenance. The building has a marina, gym, pool, and sauna.
Miami Beach, Florida Real Estate Update January 2009
Single Family Homes
- Total single family sales in January 2009: 4
- Highest Sales Price: $825,000 for a 2,514 square foot home built in 1936 on a 7,700 square foot lot
- Lowest Sales Price: $413,126 for a 1,776 square foot duplex on a 8,580 square foot lot.
- 1 of the sales was a water front property
Pending Sales: 33 total, 9 of which are water front
Active: 467 of which 209 are water front
Price Range for Active: Non-Water: $9,950,000 – $174,900 Water front: $25,000,000 – $499,900
Condos – Closed Sales
- Total condos sales in January 2009: 83
- Highest Sales Price: $7,600,000 for a 4,784 square foot unit in the Murano Portofino
- Lowest Sales Price: $37,700 for a 701 square foot bank-owned foreclosure
- 60 of the sales were in water front buildings
Pending Sales: 312 total, 196 of which are in water front buildings.
Active: 3,661 of which 2,584 are in water front buildings
Miami Beach, Florida Annual Real Estate Update for 2008
Single Family Homes
- Total single family sales in 2008: 116
- Highest Sales Price: $13,100,000 for a 10,000 square foot home built in 1936 on a 32,000 square foot waterfront lot
- Lowest Sales Price: $200,000 for a 1,261 square foot duplex on a 2,499 square foot lot. Bank-owned foreclosure.
- 54 of the sales were water front properties
Condos
- Total condos sales in 2008: 1,303
- Highest Sales Price: $12,360,000 for a 8,900 square foot unit on Fisher Island
- Lowest Sales Price: $39,000 for a 711 square foot bank-owned foreclosure
- 914 of the sales were in water front buildings
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