Most Expensive Key Biscayne Condo to Close in the Past 6 Months?
The most expensive Key Biscayne condo to close in the past 6 months was at The Ocean Club. Ocean Tower 1 Unit 901 closed on 12.15.2009 for $5,575,000.00, or $1,032 per square foot. This 5,400 square foot, 4 bedroom, 5 bathrooms and 1 half located directly on the ocean.
There are currently 5 properties for sale at The Ocean Club that contain OVER 5,000 square feet. The ASKING prices for these units range from $5,500,000 to $6,290,000 with a range of 5,011 – 5,403 square feet. The least amount of time these properties have been on the market is 225 days. I look forward to seeing what these properties eventually sell for. If we base it on the 1,032 per square foot price of Ocean Tower 1 901, that takes us well below these asking prices.
If we take a look at the statistics on the 84 properties that have closed on Key Biscayne going back 6 months, we find the AVERAGE selling price per square foot to be $457.00. If we take a look at the condos sold ONLY in the 5 Ocean Club Towers going back 6 months, the averge selling price per square foot is $726.00, with a high of 1032 sq.ft and a low of 531 sq. ft. Please click here to view these Ocean Club properties.
