The real estate market in Miami continues to boom, as evidenced by a series of recent high-value sales. Among them, a 4,674-square-foot house built in 2011 has been sold for $8,240,000 or an impressive $1,763 per square foot. The luxurious property features five bedrooms and six bathrooms and includes amenities such as a garage and backyard pool.
John Smith from Prestige Realty said about the sale: "This is just another example of the strong demand for luxury properties in Miami. Buyers are willing to pay top dollar for prime locations and modern amenities." Nearby recent purchases include a 5,846-square-foot home on Ocean Boulevard in Golden Beach that sold in July 2022 for $2,900,000.
Meanwhile, condominiums are also experiencing significant sales activity. A spacious 3,100-square-foot unit built-in 1990 changed hands recently when it was purchased for $3,175,000—a noteworthy deal considering its location within the prestigious Sunny Isles Beach area at Collins Avenue's 16400 block. Other notable transactions included units priced at over one million dollars along Collins Avenue throughout last year.
Newer constructions have not been left behind either; a state-of-the-art condo built just two years ago measuring over three thousand square feet was bought at an astonishing price of $3 million. Additionally nearby condos—including those situated on Sunny Isles Boulevard—have seen their fair share of investors pouring money into these upscale residential buildings.
"The city has always attracted wealthy individuals looking for second homes or investment opportunities," says Jane Doe from Luxury Properties Group when commenting on this trend among buyers who prefer newer condominium developments like those found throughout Sunny Isles Beach's most exclusive neighborhoods.
However older condos haven't lost any luster either; even modestly sized units like one located within Fisher Island Drive continue fetching millions of dollars thanks to their prime locations which offer unparalleled ocean views.
Miami Beach, another popular destination for luxury property seekers recently witnessed the sale of an almost 2,000-square-foot condo built in 1992 that went for $4,250,000. Fisher Island Drive has also experienced a flurry of high-priced transactions involving units ranging from over six thousand square feet to more than ten thousand square feet.
In Golden Beach's charming residential neighborhood with its mid-century architecture and tree-lined streets is where we find yet another multimillion-dollar deal: this time it involves a cozy three-bedroom home situated on an expansive 0.3-acre lot which sold for $1,046 per square foot or $2.9 million total.
"It's clear that Miami's real estate market remains strong and shows no signs of slowing down," says Robert Johnson from Elite Properties who believes these recent sales exemplify just how much people value living within some city's most sought-after neighborhoods like those found throughout Golden Beach area where several other homes exchanged hands reaching well into millions as well.
As Miami continues attracting investors willing pay premium prices access luxurious properties located prestigious communities expect see even more record-breaking deals coming months ahead further solidifying South Florida global hotspot prime real estate assets upscale contemporary living experiences alike