Miami Beach's latest ultra-luxury condo sales are indicative of a segment of the Miami Beach real estate market that's made an incredible sales comeback in 2011.Miami Beach's waterfront condo market is on fire, especially for direct waterfront premier condominiums in the Apogee and Continuum condo buildings in Miami Beach's South of Fifth Neighborhood. In the past few weeks, we have seen South Beach Condo sales that approach the price points not seen since the real estate market high's prior to 2007.
Many high net worth and especially international buyers are seeking premier, contemporary, and direct waterfront luxury condos such as the twelve acre Continuum on South Beach and the Apogee condos in Miami Beach. The Continuum is a twelve acre direct Oceanfront resort-type condo with unrivaled amenities for residents and their guests. Apogee was built as a boutique condo building, in a premier location across from Fisher Island and "cruise ship alley" with each individual condominium the equivalent of an estate in the sky.
Particularly noteworthy are the premium prices that are being commanded for the larger, more unique ultra-luxury condominiums in these buildings. For example the Apogee Penthouse that closed on April 14, 2011, has two stories and over 6,800 S.F of living space, plus a private rooftop pool. This incredible one of a kind Estate in the Sky was marketed for over one year, and sold for an impressive $1,678/S.F. Also, the equally unique and beautiful combined 3604/03 condos at The Continuum South Beach, with panoramic views of the Atlantic Ocean, Downtown Miami, Fisher Island, and the City of Miami Beach sold for an incredible $1,643/ Square Ft. !
Below are the Continuum and Apogee Condominium closed sales from the past 60 days:
Continuum and Apogee Closed Condo Sales
Sale Date ADDRESS Miami Beach Condo Living Area Sales Price Price / S.F. 4/18/2011 800 S POINTE DR # PHA APOGEE 6,853 $ 11,500,000 $ 1,678 5/10/2011 100 S POINTE DR # 3604-3 Continuum South Tower 6,438 $ 10,576,000 $ 1,643 5/3/2011 50 S POINTE DR # 801 Continuum North Tower 5,300 $ 6,500,000 $ 1,226 3/23/2011 800 S POINTE DR # 1402 Apogee 3,103 $ 4,995,000 $ 1,610 5/10/2011 100 S POINTE DR # 3207 Continuum South Beach 2,954 $ 4,000,000 $ 1,354 4/8/2011 100 S POINTE DR # 3204 Continuum 2,508 $ 3,270,000 $ 1,304 4/30/2011 100 S POINTE DR # 1104 continuum on south beach 2,292 $ 2,850,000 $ 1,243 4/12/2011 50 S POINTE DR # 3003 CONTINUUM NORTH TOWER 2,306 $ 2,700,000 $ 1,171 4/25/2011 100 S POINTE DR # TH-15 The Continuum 2,072 $ 1,425,000 $ 688 4/19/2011 100 S POINTE DR # 2401 CONTINUUM ON SOUTH BEACH 1,591 $ 1,350,000 $ 849 4/28/2011 100 S POINTE DR # 1603 CONTINUUM ON SOUTH BEACH 1,365 $ 1,100,000 $ 806
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