The First Take | December 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, 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.
December Market Trends in South Florida
Aventura: Where Luxury Meets Lifestyle
Aventura continues to shine as a hub for luxury living, with properties boasting stunning waterfront views and upscale amenities. In December, high-end condos in the $3M+ range were listed at an average price of $4.5M, or $1,077 per square foot. Notable sales include:
- Bella Mare #707: Sold for $3,200,000 (3 beds, 3.5 baths, 2,840 sqft) | Sold by Richard Goihman, represented both Seller and Buyer
- Porto Vita #2203: Sold for $3,088,000 (4 beds, 5 baths, 3,300 sqft).
Sunny Isles Beach: A Market for High-End Buyers
Sunny Isles Beach saw significant activity in December, cementing its reputation as a hotspot for luxury condos. The average list price for properties over $3M reached $7.6M, with an impressive average price per square foot of $1,921. The highest sale of the month was:
- Turnberry Ocean Club #4901: Sold for $7,600,000 (4 beds, 5.5 baths, 4,485 sqft, $2,096 per sqft).
- Turnberry Ocean Club #703: Sold for $5,100,000 (3 Beds + Den, 4.5 Baths, 3,110 sqft, $1,640 per sqft.) Sold by Richard Goihman, Seller Representation.
Bal Harbour and Golden Beach: Ultra-Luxury at Its Finest
Bal Harbour and Golden Beach remain exclusive enclaves for discerning buyers.
- • Bal Harbour’s standout sale was 74 Bal Bay Dr, which closed at $17,500,000 (6,823 sqft, $2,564per sqft).
- In Golden Beach, the highest pending sale was listed at $8,900,000, showcasing the area’s desirability for expansive waterfront estates.
Waterfront Properties: A Must-Have for Luxury Buyers
South Florida’s appeal lies in its unique blend of sun, sea, and sophistication. Waterfront properties, especially in markets like Aventura and Sunny Isles, continue to attract affluent buyers looking for premium real estate investments.
Richard Goihman: The Condo King of South Florida’s Luxury Real Estate Market
Richard Goihman, known as “The Condo King,” has solidified his reputation as a leader in South Florida’s luxury real estate market. With over 25 years of experience, Richard and The Goihman Group, affiliated with Douglas Elliman, are experts in the high-end condo market of Aventura, Sunny Isles Beach, and beyond. Specializing in luxury waterfront properties, their December market activity highlights their ability to navigate the ever-changing trends in this sought-after region.
Why Choose Richard Goihman?
Richard’s deep knowledge of the condo market and unparalleled expertise in high-end real estate make him a trusted name among luxury buyers and sellers. The Goihman Group’s exceptional December performance underscores this reputation, with total sales volume surpassing $10,450,000 in December Sales.
From securing standout sales in Aventura’s Bella Mare, Williams Island, Prive, and Porto Vita to navigating the competitive luxury markets of Sunny Isles Beach and Bal Harbour, Richard’s results speak for themselves. His team’s ability to close deals in highly sought-after areas ensures that clients achieve their real estate goals with confidence.
Whether it’s understanding condo market trends, negotiating deals in competitive markets, or mastering the complexities of waterfront properties, Richard and his team are committed to excellence at every step
For inquiries about South Florida’s luxury real estate market, contact Richard Goihman, aka “The Condo King,” at (305) 206-2560 or visit goihmangroup.com. Whether you’re buying or selling, trust The Goihman Group at Douglas Elliman to deliver exceptional results.
