Weekly real estate report: waterfront homes (South Miami Beach)  

Miami

23 October 2023

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45 Active listings:

(avg price=$22.3M ; avg price/sqft=$3,973/sqft)

  • Most expensive:
    • Location: San Marino Dr, Miami Beach.
    • Price: $54M (=$4,441/sqft)
    • Details: Built in 2018, this house sprawls over 12,161 sq ft and on a vast 26,250 sq ft lot. With 10 luxurious bedrooms 

Least expensive:

  • Location: Palm Island
  • Price: Listed at $8.3M (=$2,187/ sqft)
  • Details: Built in 1924, the house covers an area of 3,775 sqft and 7,000 sqft lot. The house has a total of 7 bedrooms 

17 closed sales in the last 6 months:

(avg price=$23.8M ; avg price/sqft=$3,569/sqft)

  • Most expensive:
    • Location: Star Island 
    • Sale Price: $57M (=$2,882/sqft )
    • Details: This modern house, built in 2019, spans 19,778 sq ft with a generous 40,000 sqft lot. The property has 9 bedrooms. 
  • Least expensive:
    • Location: Di Lido Island
    • Sale Price: $8.3M (=$2,363/sqft)
    • Details: From 1935, this house stretches over 3,511 sq ft and offers a 10,000 sqft lot. It has 5 bedrooms.

4 properties currently under contract:

(avg price=$24.450M ; avg price/sqft=$3,491/sqft)

  • Most expensive:
    • Location: Palm Island.
    • Asking Price: $31M (=$5,369/sqft)
    • Details: Built in 1922, the property stretches over 5,774 sqft with a vast 30,000 sq ft lot. It features 9 bedrooms.
  • Least expensive:
    • Location: San Marco Island.
    • Asking Price: $12.9M (=$1,636/sqft)
    • Details: A recently renovated property, this house covers 7,884 sqft on a 13,382 sqft lot. 5 Bedrooms.

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