South Florida's High-End Market Report | January

The First Take | January Edition

Welcome to The First Take, where Richard “The Condo King” Goihman, with Douglas Elliman, provides exclusive insights into the latest trends and market activity across South Florida’s luxury condo market. Each month, Richard will take you through key developments, highlight market shifts, and provide a comprehensive overview of the high-end condos in areas like Aventura, Sunny Isles Beach, Bal Harbour, Surfside, and Golden Beach.

This monthly report will be published on the 1st of each month, recapping the market activity from the previous month, giving buyers, sellers, and investors the information they need to make informed decisions in one of the most dynamic real estate markets in the country.

January Market Trends in South Florida

Aventura

Aventura continues to shine as a premier destination for luxury living, with breathtaking waterfront views and top-tier amenities. The market remains competitive, with high demand for upscale residences. In January, there were zero sold properties, one pending sale, and four active listings. The average list price stood at $6.8 million, with an average price per square foot of $1,453. The top pending sale for the month was Prive #1004, listed at $3,195,000. Limited inventory keeps Aventura a strong contender for luxury buyers.

Sunny Isles Beach

A vibrant hotspot for high-end investors, Sunny Isles Beach continues to command premium prices for its oceanfront properties. With seven sold properties, six pending sales, and 27 active listings, the market remains strong. The average list price was $6.1 million, with an average price per square foot of $1,900. The highest sale of the month was Estates at Acqualina #3605, closing at an impressive $13,300,000. Sunny Isles remains a top destination for luxury real estate.

Bal Harbour

Known for exclusivity and high value, Bal Harbour offers a limited selection of ultra-luxury condos that continue to attract discerning buyers. January’s market activity included two sold properties, two pending sales, and six active listings, with an average list price of $5.3 million and an average price per square foot of $1,921. The standout transaction was Majestic Towers #PH206, selling for $3,650,000, proving the ongoing demand for high-end residences in this coveted area.

Surfside

Surfside continues to make headlines in the ultra-luxury sector, drawing affluent buyers with its prestigious properties. January saw one sold property, two pending sales, and seven active listings, with an average list price of $10.6 million and an astounding average price per square foot of $3,368. The biggest sale was at Four Seasons The Surf Club, which closed for $13,500,000, reinforcing Surfside’s reputation as a premier luxury destination.

Golden Beach

Golden Beach remains one of South Florida’s most exclusive enclaves, known for its waterfront estates and privacy. The market saw one sold property, zero pending sales, and two active listings, indicating high demand. The average list price stood at $9.5 million, with properties selling at an average of $1,575 per square foot. The highest sale in January was 399 Golden Beach Dr, closing at $7,800,000, a testament to the ongoing appeal of this elite neighborhood.

South Florida’s Luxury Market: Key Takeaways

With high demand and low inventory, South Florida remains a strong seller’s market. Exclusive waterfront properties in areas like Sunny Isles Beach and Surfside continue to attract international buyers, while luxury condos and estates maintain their strong appeal. Investors and buyers looking to secure prime real estate should act quickly in these high-demand markets.

Richard Goihman: The Condo King of South Florida

With over 25 years of experience, Richard Goihman and The Goihman Group at Douglas Elliman have established a proven track record in South Florida’s luxury real estate market. From record-breaking sales in Aventura, Sunny Isles Beach, and Bal Harbour to expertly navigating the competitive high-end sector, Richard’s expertise ensures his clients achieve success.

Why Work with Richard Goihman?

Richard’s deep market knowledge and strategic approach to luxury condo sales make him a trusted advisor for buyers and sellers. His team’s ability to secure standout transactions underscores their industry-leading reputation in South Florida.

If you're looking to buy or sell luxury real estate, now is the time to take advantage of South Florida’s thriving market. Contact Richard Goihman, aka “The Condo King”, today: 📞 (305) 206-2560
📧 [email protected]
🌐 goihmangroup.com