Monad Terrace Closing Leads Miami-Dade Weekly Condo Sales

Miami-Dade County condo sales and dollar volume cratered during July Fourth week.

Condo dollar volume reached $56 million last week, a sharp decline from $126 million the week prior. Brokers closed 90 sales — a little more than half the sales of the previous week. Condos sold for an average price of $619,000, lower than the $743,000 average a week earlier. The average price per square foot jumped to $1,125 from $537, according to data from condo.com.

A condo at Monad Terrace closed with the highest price tag. Unit 9B at 1300 Monad Terrace in Miami Beach sold for $4 million. Ann Nortmann with Douglas Elliman had the listing, and Todd Nordstrom with Compass Florida represented the buyer. The unit sold for $1,486 per square foot after 286 days on the market.

Jade at Brickell Bay unit 3811, at 1331 Brickell Bay Drive in Miami, took second place at just under $4 million. Scott Shuffield with Berkshire Hathaway HomeServices EWM had the listing, and Morgan Saliny with Coldwell Banker represented the buyer. The condo spent 78 days on the market and sold for $1,164 per square foot.

Here’s a breakdown of the top 10 sales from July 2 to July 8:

Most Expensive

Monad Terrace, 1300 Monad Terrace, unit 9B in Miami Beach | Price $4,000,000 | $1,486 psf | Listing agent: Ann Nortmann with Douglas Elliman | Buyer’s agent: Todd Nordstrom with Compass Florida | Days on market: 286

Least Expensive

Roney Palace Condo, 2301 Collins Avenue, unit 1417 in Miami Beach | Price $1,150,000 | $1,369 psf | Listing agents: Maria Fernanda Bustamante with Trident Real Estate, Matthew Ackerman with XLS Realty | Buyer’s agent: Priscilla Haisley with Luxe Properties | Days on market: 34

Commodore South, 199 Ocean Lane Drive, unit 611 in Key Biscayne | Price $1,150,000 | $913 psf | Listing agent: Amelia Courtney with DLS International Realty | Buyer’s agent: Thania Vernon with Fortune Christie’s International Real Estate | Days on market: 34

Trump Royale, 18201 Collins Avenue, unit 3601A in Sunny Isles Beach | Price $1,150,000 | $892 psf | Listing agent: Vaness Frank with One Sotheby’s International Realty | Buyer’s agent: Nicole Faur with EFA Realty | Days on market: 34

Highest Price Per Square Foot

Residences by Armani Casa, 18975 Collins Avenue, unit 5404 in Sunny Isles Beach | Price $3,300,000 | $1,873 psf | Listing agent: Adriana Pavluk with Realty Hub | Buyer’s agent: Mariela Hopen with Douglas Elliman | Days on market: 134

Lowest Price Per Square Foot

Milano at Deering Bay, 13621 Deering Bay Drive, unit 903 in Coral Gables | Price $1,900,000 | $639 psf | Listing agent: Edith Neuwahl with Shelton and Stewart Realtors | Buyer’s agent: Marilyn Miguel with Miami Real Estate Global | Days on market: 62

Most Days on Market

Monad Terrace, 1300 Monad Terrace, unit 9B in Miami Beach | Price $4,000,000 | $1,486 psf | Listing agent: Ann Nortmann with Douglas Elliman | Buyer’s agent: Todd Nordstrom with Compass Florida | Days on market: 286

Fewest Days on Market

Towers of Key Biscayne, 1111 Crandon Boulevard, unit B305 in Key Biscayne | Price $1,250,000 | $887 psf | Listing agents: Alexandra Sierra and Maria Maldonado with Compass Florida | Buyer’s agent: Maureen Jauregui with Coldwell Banker Realty | Days on market: 7