Murano at Portofino Condos for Sale: The Investment Value
Murano at Portofino is a luxury condo located in the chic South of Fifth area of South Beach. The condo offers 189 units ranging from 1,008 to 3,365 SF. The waterfront condo features over 600 feet of magnificent bay frontage and spectacular views over the bay, ocean, and city.
Looking at the prices per SF for Murano residences we see that they have increased in the last 5 years. We did record a small dip in 2016, the year known for its condo price corrections. The 2016 price decrease however was extremely small (-1,6%) while the price per SF rose by 16% over 5 years.
The months of inventory might be even more important to determine your investment value. This number indicates how long it will take to sell all the listed units, assuming no other units will hit the market. The number shows us the supply and demand curve of the condo. According to EWM Realty /Christie’s Real Estate, the luxury condo market ($1M+) is experiencing a sellers market in case we record 12 Months or less of inventory, while 12-18 months indicates a stable market. With 18 months + of inventory we talk about a buyers market. In the case of Murano at Portofino we are clearly seeing a neutral market which is almost a sellers market. A sellers market means that there is more demand than supply
Murano at Portofino Listing Spotlight
Unit 2802 at Portofino at Murano was just listed for $5,499,000. This one of a kind 2,618 SF unit is completely remodeled and professionally finished by renown ‘ Design Solutions in Miami‘ Brazilian Designers and architects with $1M spent in upgrades. Only finished 2 years ago and hardly lived in. This water facing unit has unparalleled views of the Ocean, Bay, Downtown and Miami Beach skylines from every room. The spacious flow through floor plan unit offers two terraces, 3 full bedrooms, 3 ensuite bathrooms, a top of the line ‘Mia Cucina’ kitchen, walk-in closets and a private elevator entrance
You won’t find another unit quite like this!
Contact us for more details!
David Siddons | +1.305.508.0899 | david@siddonsgroup.com
Cristiane Buzolin | +1.305.775.1198 | cris@siddonsgroup.com
The Amenities at Murano at Portofino
- 24 hour concierge and valet
- High speed wifi in all common areas
- Owner’s Lounge
- Hi Def screening room
- Resident Club Room
- Children’s Playroom
- Resort Deck
- Luxury Health Spa
- World Class Health and Fitness Center
- Residents only roof top pool with sundeck
