It’s sure to be a Happy New Year for the buyers of the gorgeous, unit 4007 at Biscayne Beach! This stunning, 3-bedroom, southeast corner residence sold tastefully finished at $1.4M, or $666 per square foot. According to the MLS, the only other 07 line resale to have closed in the building so far is unit 2307, which sold decorator ready (i.e. no floors, window treatments, light fixtures, or molding) at $1.255M, or $597 per square foot. Considering that 4007 is 17 floors higher and finished with beautiful flooring, I’d say this is quite a deal for the buyers. The stunning view from the 40th floor really opens up, as it clears many buildings to the South, including Bay House and The Crimson. As of the writing of this post, units 1907, 3007, and 3407 are all under listed as pending sale on the MLS, so it will be interesting to see at what prices they each sell. Units 907, 1607, 3207, 3807, and 3907 remain available for sale, with asking prices ranging from $1.299M to $1.78M.
Here are just a few photos of 4007 from the MLS listing:
Just over a month after the first closed condo resale at Biscayne Beach (read more about the transaction here), we are patiently awaiting more resale transactions, with 0 units currently listed as pending, or under contract. There are currently 88 available units for sale, or 22.5% of the building inventory, with an average list price of $722 per square foot, and a minimum of $466 per square foot for unit 301, a 2-bed, 2.5 bath northwest corner residence. Thanks to the one closed resale at Biscayne Beach thus far, the average sales price per square foot remains $597. A huge portion of sales listings have been reduced from their original asking price, so it will be very interesting to track the average list price per square foot over the next few months and into the real estate busy season. No doubt some lucky buyers will be securing Biscayne Beach condos at great prices over the course of the next year, as more Miami condo developments are completed. Make sure to contact us if you’re interested in buying, selling, or renting at Biscayne Beach – we are your building experts!