OPEN HOUSE SUNDAY
A one of a kind unit on the lanai level of the Murano Grande at 400 Alton Road in the coveted South of Fifth neighborhood. The unit provides unmatched family and entertaining space both indoors and out by combining two smaller units into a large 3/3/1 with the Primary Bedroom/Bath and Formal Living & Dining Area at one end, separated by a large open kitchen with informal dining, and ample space for entertaining & art display plus two en-suite Bedrooms and Family area on the other end. Walk out of the oversized Terrace to the private Restaurant, Tennis Court, and Pool deck overlooking the Bay. It feels like living in a large house with the benefit of luxury amenities. Come by Sunday, June 1, 2025 or call for a private showing at your convenience.
Mondrian Condo-Hotel
Here’s an opportunity to own a PH level condominium with a balcony for a reduced price. The unit comes furnished as shown, boasts a newly renovated Bayfront Pool Deck and Restaurant, amenities galore and a flexible rental policy, so you can use it when you want and rent it out when you choose to. It is already one of the best priced units in the building and with a motivated Seller you might be able to strike up the perfect deal. Easy to show-you will not be disappointed.
Most Recent Miami Beach Homes and Condos for Sale
With prices ranging from $150,000 to over $30,000,000, surely there must be something for everyone. Here’s a list and brief description of the most recent condos and homes to come onto the market. Let me know if yours is one of them.
South of Fifth Luxury 3BR Sales
The market for Luxury Waterfront condominiums in the South of Fifth neighborhood has been especially slow over the past 6 months. There are currently 14 units with 3 Bedrooms and 3.5 Baths for Sale in the buildings like Murano, Continuum, Apogee and a few others, but surprisingly there have only been 2 sales plus a third unit under agreement, in the past 6 months. As a reference, in the previous six months, six units were sold, and while this is not a large sample, it is still an indicator of the sales pace and trajectory.
The units in the group currently for sale range in price from $3,750,000 for a 2,635 SF unit with 4 parking spaces at Murano Grande, to a $25,900,000 for a 4,776 SF unit at the Continuum N Tower. The former selling for about $1,400/SF and the latter about $5,400/SF.
Six of the sales in the past year occurred between May and October, typically considered the off-season. Notably those sales were before the last Presidential election while the other 2 sales happened post-election. The economic uncertainty over tariffs and immigration since the election could be a factor is this condition. If it is, I don’t think we can expect the same seasonal bump-up in sales that we saw last year to happen this year. Much of the tourism and sales that occur during the Summer months are a result of international tourism, which I suspect will be down at least over the next few months.
That said, and with the firm conviction that Miami Beach will remain a leading global destination, let’s look at unit 509 at the Murano Grande. There is only one 3/3/1 unit available for sale there, the other two either recently sold or currently under agreement. It is the the lowest price $/SF of the units, unique renovation plan which is perfect for families, well situated on the Lanai level for easy access to the Pool, Tennis and Restaurant, and has an oversized terrace on one side and a balcony on the other.
