Biscayne Beach Sales Market Update – December 2017
Season’s greetings! Following Art Basel, the unofficial start of Miami’s busiest season for real estate, we are pleased to report the second closed condo resale at Biscayne Beach. Unit #2009 (a 1-bedroom, 2-bath, corner residence with 1,057 sq ft of interior) sold decorator ready for $504,000. According to the MLS, it closed on December 5th, 2017. The original asking price of the property first listed on June 28th was $595,000 (or $563 per square foot). It closed at approximately 15% below the original asking price, or $477 per square foot. Unit #2307, a 3 bedroom corner unit and the only other resale that’s closed to date, did so at $597 per square foot, which is quite a bit higher considering the larger floorplan and the proximity of floors.
Interestingly enough, there are currently 2 more units listed as pending, both of which are the 1-bedroom 09 floorplan: 1009 (asking $599,000 with flooring, 2 assigned parking spaces, and motorized shades) and #3509 (also asking $599,0000, with porcelain flooring). Below is a link to the 09 condo floorplan. It will be very interesting to see at what prices these units sell. They each went pending in early November. Stay tuned for more building real estate updates, and have a wonderful holiday!