Real Estate Market Report, March 2018.

TS-06 successfully sold last March at the Akoya Condominium. This REO (bank owned) spent 301 days in the market before being sold. It sold for $450,000 less than the original asking price in cash. This penthouse has two bedrooms and two and a half baths and features two stories and over 2,470 square feet of living area.

Five units hit the open market this past month. Cab 06 listed for $239,000 without parking space or direct access to the beach. Another unit to mention last month is #1001, listed for $1,136 per square foot. Now we have a total of 36 units active for sale.

A total of 8 units were offered last month for rent at the Akoya Condominium. Most of these units are two bedrooms and have an average list price of $3,706. All of these units were offered fully furnished. To emphasize last month, we have unit #2906, a one bedroom, one and a half bathrooms with the lowest listing price. This unit offers fantastic views to the south of Miami Beach; for a virtual tour visit:https://youtu.be/W51s4npaGv8.More InfoAnother unit to highlight is #2603 with three bedrooms and two and a half bathrooms with immaculate marble floors and fantastic views of the Atlantic ocean. This unit is the best priced three bedroom unit in the building now; for a virtual tour visit:https://youtu.be/A2azdaYIMoE.More Info

A total of four units were successfully rented last month. These units spent an average of only 45 days on the market before being rented, with an average price of $3,225 per month. Now, our total active inventory of units for rent in the building is up to 50.

If you have any further questions regarding this report, you may contact Nivaldo Soria, P.A. or Claudia Serpa, P.A.
at 305-219-8343 or nivaldosr@SouthFloridaInvestments.com