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Market Summary Miami Beach

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