Last week, Miami-Dade County's high-end real estate market experienced a dip in activity, with just seven contracts signed for properties priced at $4 million and above, totaling $68.5 million in value. This decrease is attributed to both the seasonal slowdown typical of summer and disruptions caused by recent flash floods, which delayed crucial real estate transactions such as showings and closings.
Noteworthy among these deals is a breathtaking $21 million waterfront estate at 200 Harbor Drive in Key Biscayne. Listed by Coldwell Banker's Cristina Greeven, this 2,600-square-foot gem features four bedrooms, four bathrooms, and includes a pool and dock, promising endless potential for redevelopment. In Sunny Isles Beach, attention was captivated by a resale condo at the Estates at Acqualina, priced at nearly $14 million. Managed by Monica Villate of EXP Realty, this lavish four-bedroom unit spans 5,200 square feet indoors, complemented by a generous 1,000-square-foot terrace.
Despite the recent downturn, insights from Eklund-Gomes' luxe signed contracts report unveil a vibrant market ripe with opportunities and intriguing developments.
Stay tuned for more insights into Miami's real estate landscape.
#Florida #MiamiRealEstate
