By Sunny Isles Real Estate Expert on May 26th, 2011
The last recorded sale in Jade Ocean Sunny Isles Beach
was for a penthouse unit 4403. The Jade Ocean Penthouse was sold for $3,250,000 in just 33 days! At 3,187 square foot, the price per foot came out to $1,019, a new record for Sunny Isles Beach luxury condos. This property, as well as most other luxury properties in Miami was purchased by a foreigner.
An identical penthouse in Jade Ocean, unit 4406 is still available for sale. It is 3 bedrooms, 3 bath, 3,187 square feet duplex with the private foyer and private fingerprint-activated elevator entrance. Completely finished with most beautiful 36×36 white marble and many custom upgrades. Call for more information – 1.954.336.1016.
The combination of a weak dollar and low interest rates have created a momentum in the Miami real estate market. As a result, the inventory went down over 60% in just 2011. The market has been heating up and the prices have gone up despite the remaining weak economy in US.