realestate

Brickell's Echo Condo Sells Out as Top Miami-Dade Weekly Seller

Miami-Dade Condo Sales Soar with $33M Penthouse Closing Boost

A
$33 million penthouse sale in Miami-Dade County boosted condo sales last week. Brokers closed 112 deals worth a total of $87.7 million from October 20th to October 27th, up from the previous week's 111 sales totaling $78.4 million. The average price per unit was $782,730, higher than the previous week's $706,659.

    The top sale was Unit PH56 at Echo Brickell, which sold for a record-breaking $33 million after 272 days on the market. The buyer, billionaire Robert Duggan and his partner Dr. Mahkam Zanganeh, purchased the unit from Greg Kiley for $2,982 per square foot.

    The second-highest sale was Unit 2302 at Missoni Baia in Miami's Edgewater neighborhood, which sold for $2.3 million or $980 per square foot after just nine days on the market. The top 10 sales ranged from $1 million to $33 million, with prices averaging $478 per square foot.

    Here are the details of the top 10 sales:

    * Most Expensive: Echo Brickell, unit PH56 ($33 million, $2,982 psf)

    * Least Expensive: Asia, unit 1805 ($1.04 million, $784 psf)

    * Highest Price Per Square Foot: Echo Brickell, unit PH56 ($33 million, $2,982 psf)

    * Lowest Price Per Square Foot: Oceania IV, unit 2641 ($1.47 million, $628 psf)

Echo Condominium in Brickell sells out, topping Miami-Dade weekly sales charts.