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Miami Beach Condos Reduced

Posted by Esther Percal | on June 29, 2018

Categories: condos, Jason Zarco, Miami Beach Condos, Price Reduction, Real Estate Market, Real Estate Prices, South Beach, The Esther Percal Team

The Esther Percal team has reduced three Miami Beach condos. The reductions for 3 units located in South Beach.

South Beach Florida

1700 Meridian Ave #306 | Now offered at $850,000

1700 Meridian Ave #306 has been reduced from $899,000 to $850,000. Unit 306 is has the lowest price per square foot among all the available units in the building. The unit is also the biggest in the building with 2,073 sq.ft of living area. The below market analysis of available units in Montclair shows that all but 2 units have been reduced from the original asking price.

 

Active Listings
Address List Price Original List Price SF Beds Baths $/SF
1700 Meridian Ave Unit#306 $850,000 $1,050,000 2,073 2 2.5 $410
1700 Meridian Ave Unit#206 $629,000 $649,000 1,045 2 2 $602
1700 Meridian Ave Unit#212 $625,000 Same 995 2 2 $628
1700 Meridian Ave Unit#407 $575,000 $599,990 1,014 2 2 $567
1700 Meridian Ave Unit#410 $569,000 Same 1,018 2 2 $559
1700 Meridian Ave Unit#412 $569,000 $559,000 995 2 2 $572
1700 Meridian Ave Unit#406 $539,000 $549,000 1,045 2 2 $516
Avg$/SF LA $551
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1577 Bay Rd Unit #207 & #208

Both units #207 & #208 were reduced in price. There are currently 3 units available for sale in this building. The building contains only 9 units and features a lush tropical landscape, a pool, and covered indoor parking.

Unit 207 | Now Offered at $650,000

Unit 207 has received a 10% reduction. This 1 bedroom unit is the cheapest unit in the building in terms of price per square foot. This modern and elegant 1 bedroom and 1.5 bathroom loft-style unit features soaring 20 Ft ceilings, glass walls, and 3 terraces. The condo has a highly desirable location and is only two blocks away from Lincoln Road. The building contains only 9 units and features a lush tropical landscape, a pool, and covered indoor parking.

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Unit 208 | Now Offered at $665,000

Unit 208 has received a 8% reduction. This 1 bedroom unit is the largest unit in the building . This spacious and modern two-floor loft-style unit features an open kitchen, glass walls, and two balconies/terraces. The condo is in a sought-after area and is only two blocks away from Lincoln Road.

 

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Active Listings
Address List Price Original List Price SF Beds Baths $/SF
1577 Bay Rd Unit #203 $775,000 $820,000 1,335 2 2 $581
1577 Bay Rd Unit #208 $665,000 $725,000 1,345 1 1.5 $494
1577 Bay Rd Unit #207 $650,000 $725,000 1,335 1 1.5 $487
Avg$/SF $521

 

*Information presented is deemed reliable, but not guaranteed.