There is a unique market along the coast for ultra large Oceanfront Condos. Â I am using 5000 square feet or larger as the designator for this category. If you were looking for an oceanfront condo of this size from Miami to Palm Beach you would find 59 properties to look at.
The largest oceanfront condo is situated in a great location in Fort Lauderdale at the Coconut Grove. Â Coconut grove was constructed in 2008 and this unit has never been lived in. Â This penthouse is over 11,000 square feet. It was listed on the market in 2009 for $12,000,000. Listing price today $7,995,000 and motivated.
The most expensive oceanfront condo is listed for $30,000,00 and is 7,600 sq.ft. Â It is in Fisher Island. Â It is offered completely turnkey with an extensive collection of artwork, Â fine furniture and state of the art electronic detailing all done in old world elegance.
On the other end of the price spectrum, Â there are a few 5000 sq.ft. oceanfront condos listed under $2 million. An interesting unit Â is an eclectically finished residence at Point of Americas in Fort Lauderdale, built in 1972. Over 5800 square feet with direct views of the non stop boat activity in the inlet, including the major ships coming in and out of Port Everglades.
So do these huge properties sell? Â In November of this year a 5200 sq.ft. unit at Bal Harbour Tower sold for $2.2million and in November of this year a 5700 square foot penthouse at theÂ Acqualina in Sunny Isles Â sold for $4,800,000. Â There is a unit under contract at the Diplomat Residences in Hollywood, Â professionally decorated on the 26th floor. Asking price $2,999,000.
The inventory of South Florida oceanfront condominiums is very diverse. Looking at condominiums with any specific criteria we see grand old buildings built in the 70′s to the newest state of the art condominiums, from small 2 bedroom units to ultra large open spaces and in all prices. Â That is the South Florida Oceanfront Condominium profile. Â All of the above.