Top 10 Ranking Of Sunny Isles Beach's Most Popular Condo Projects
A review of the statistics identifies the condo projects that experienced the greatest number of unit resales in 2023.
Join the Miami Condo Market Investment Club™ to see the comprehensive list of the Top 10 condo projects based on most total unit resales in Sunny Isles Beach
Choosing a Sunny Isles Beach condo building to reside in can be a confusing process given the variety of choices.
After all, Sunny Isles Beach is a barrier island city sandwiched between the Atlantic Ocean west to Biscayne Bay, and Haulover Park north to the Golden Beach town limits.
This nearly three-mile long city is comprised of a variety of condo product ranging from dated midrise buildings constructed some 50 years ago to state-of-the-art glass towers designed by internationally acclaimed architects.
In the 12 months of 2023, buyers purchased an average of about 62 units per month for a total of nearly 750 units at a price tag of more than $1 billion between January and December, according to a recent report.
The average transaction price for a Sunny Isles Beach condo was about $688 per square foot last year, according to the stats.
By comparison, seven of the projects on the Top 10 list traded at a price of less than the Sunny Isles Beach market average.
In fact, five of the projects on the Top 10 list traded below $400 per square foot, according to the stats.
The Top 10 condo project with the lowest average price was the Winston Towers 500 Condo at $284 per square foot.
The highest average price for a condo project on the Top 10 list was the Residences By Armani Casa at $1,605 per square foot.
It is worth noting, five of the condo projects on the Top 10 list are located on beachfront sites that front the Atlantic Ocean.
In addition, six of the condos projects on the Top 10 list were built in or before 1980. Only one of the projects was built within the last five years, according to the report.
The takeaway of the stats for the Top 10 list is, buyers are predominantly opting for older towers that come at prices that are less than the average 2023 price per square foot for a Sunny Isles Beach condo.
To assist with better understanding the market, CondoVultures.com has analyzed the 2023 condo resales to provide a ranking of the 10 most active buildings based on total unit sales.
The rankings are not proportional and ignore the total number of units in a project. Price, quality and amenities are also not factored into the rankings.
The purpose of the rankings is to show where buyers have purchased the greatest number of units in the 12 months of 2023.
For some buyers, they want a building with a lot resale activity as it suggests a certain quality of life and an increased probability for resales in the future. For other buyers, a building with little resale activity suggests stability or even lower prices.
This list was created by CondoVulturesRealty.com using proprietary statistics along with data from the Southeast Florida MLX Matrix, Cranespotters.com, Miami-Dade Property Appraiser’s Website and Miami-Dade Clerk Of The Court.
For those seeking more details, we have created a comprehensive chart ranking the Top 10 most popular condo projects in Sunny Isles Beach. The chart includes the total number of units sold, the average price per unit, price per square foot and the address for the projects with the greatest number of transactions.
The chart is available behind the paywall for members of the Miami Condo Market Investment Club™.
We have crunched the statistics for the Year 2023 and have published a series of reports during the last two weeks on CondoVultures.com looking at the winners and losers in Sunny Isles Beach.
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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
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