Foreclosure & Bank Owned Condos - Miami, Miami Beach
Foreclosure & Bank Owned Condos in Miami Beach & Miami, Florida
June 21st, 2009
Bank owned foreclosures are often the best opportunity to purchase Miami condos. Bank owned condos, are sometimes referred to as foreclosure, Real Estate Owned or REO.
Miami-Dade County Condo Prices Hit $187.00 Average per SqFt
In order to find the time when Miami Condos averaged $187.00 per square foot, one must look back to August 2003. The affordability of housing has increased dramatically and this has become good news for investors and first time buyers alike!
The quarterly average price per square foot has dropped dramatically over the last fifteen months. We have compared the first three months (2/2008 - 4/2008) average of $349.00 to the last three months (2/2009 - 4/2009) average of $187.00 for an amazing drop of over 46%. Many of the properties that have sold have been foreclosures that were taken back by banks.
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Miami Condos Average Price per SqFt
Here is a list of available Miami bank owned condos for investment as of June 21ST, 2009. Please note that they are in order by city and their availability is subject to change without notice.
We are starting to see multiple offers on these; so please move quickly if you would like to purchase one.
If you are interested in acquiring any of these bank owned properties, please keep in mind that the banks will require a pre-approval letter if you plan to finance or a proof of US funds letter if your offer will be cash.
Please note:We have several highly-skilled Mortgage Lenders who can get financing even in financially "stressed" buildings!
Please visit www.MiamiCondoLifestyle.com or contact us at 800-433-5960 for further information.
Coastal Condos
| MCL ID# | Status | Building Name | Beds | List Price | Area | $/SqFt | Year | Water front | Maint Fee | City |
|---|---|---|---|---|---|---|---|---|---|---|
| 2527 | New | TURNBERRY ON THE GREEN | 1 | $137,900 | 860 | $160 | 2002 | N | TBD | Aventura |
| 2495 | New | Mystic Point | 1 | $161,900 | 1091 | $148 | 1988 | Y | $470 | Aventura |
| 2529 | UPTOWN MARINA LOFTS | 1 | $189,900 | 816 | $233 | 2006 | Y | $535 | Aventura | |
| 2465 | ADMIRAL PORT | 2 | $160,000 | 1466 | $109 | 1974 | N | $570 | Aventura | |
| 2532 | VENTURE AT AVENTURA | 2 | $185,000 | 1074 | $172 | 2005 | N | $542 | Aventura | |
| 2531 | VENTURE | 2 | $205,000 | 1129 | $182 | 2005 | N | $560 | Aventura | |
| 2464 | 4000 Williams Island Blvd | 2 | $209,900 | 1508 | $139 | 1985 | N | $1,400 | Aventura | |
| 2496 | New | Mystic Pointe Tower 400 | 2 | $254,900 | 1361 | $187 | 1990 | Y | $690 | Aventura |
| 2540 | WILLIAMS ISLAND | 2 | $349,000 | 1140 | $306 | 1990 | Y | $1,050 | Aventura | |
| 2539 | WILLIAMS ISLAND | 2 | $379,000 | 1350 | $281 | 1990 | Y | $1,050 | Aventura | |
| 2466 | ALAQUA | 2 | $448,000 | 1439 | $311 | 2007 | Y | $625 | Aventura | |
| 2526 | TURNBERRY | 2 | $450,000 | 1667 | $270 | 1981 | Y | $909 | Aventura | |
| 2513 | SOUTHVIEW @ AVENTURA | 3 | $144,900 | 1396 | $104 | 1986 | Y | $382 | Aventura | |
| 2471 | New | AVENTI AT AVENTURA | 3 | $179,900 | 1481 | $121 | 2001 | N | $496 | Aventura |
| 2528 | UPTOWN MARINA LOFTS | 3 | $335,000 | 1536 | $218 | 2006 | Y | $848 | Aventura | |
| 2490 | MARINA COVE AT HARBOR VLG | 4 | $369,900 | 2406 | $154 | 1989 | Y | $533 | Aventura | |
| 2467 | AMBASSADOR PLACE | 2 | $135,000 | 1100 | $123 | 1970 | N | TBD | Bay Harbor Islands | |
| 2475 | Blair House | 2 | $299,900 | 1770 | $169 | 1970 | Y | $1,145 | Bay Harbor Islands | |
| 2477 | New | BRICKELL BISCAYNE | 1 | $134,900 | 782 | $173 | 1969 | Y | $418 | Brickell |
| 2519 | New | Emerald | 1 | $215,000 | 811 | $265 | 2006 | N | $744 | Brickell |
| 2533 | VUE AT BRICKELL | 2 | $190,000 | 1322 | $144 | 2004 | N | TBD | Brickell | |
| 2511 | SOLARIS AT BRICKELL BAY | 2 | $232,655 | 1064 | $219 | 2006 | N | $800 | Brickell | |
| 2512 | SOLARIS AT BRICKELL BAY | 2 | $235,000 | 1062 | $221 | 2006 | Y | $880 | Brickell | |
| 2510 | Skyline on Brickell | 2 | $425,000 | 1367 | $311 | 2004 | Y | $920 | Brickell | |
| 2520 | Four Ambassadors | 3 | $174,228 | 1570 | $111 | 1996 | Y | $1,223 | Brickell | |
| 2534 | VUE AT BRICKELL | 3 | $249,000 | 1551 | $161 | 2004 | N | $878 | Brickell | |
| 2478 | BRICKELL KEY II | 1 | $114,900 | 640 | $180 | 1991 | Y | $354 | Brickell Key | |
| 2488 | New | ISOLA | 2 | $179,900 | 985 | $183 | 1990 | Y | TBD | Brickell Key |
| 2525 | MUTINY | 1 | $161,271 | 740 | $218 | 1998 | N | TBD | Coconut Grove | |
| 2492 | METROPOLIS II AT DADELAND | 2 | $179,900 | 1350 | $133 | 2006 | N | $300 | Dadeland | |
| 2485 | DOWNTOWN DADELAND | 2 | $285,000 | 1242 | $229 | 2007 | N | TBD | Dadeland | |
| 2484 | DOWNTOWN DADELAND | 2 | $335,000 | 1323 | $253 | 2007 | N | $465 | Dadeland | |
| 2482 | COMMODORE CLUB SOUTH COND | 2 | $449,500 | 1260 | $357 | 1974 | Y | TBD | Key Biscayne | |
| 2481 | COMMODORE CLUB | 2 | $498,000 | 1260 | $395 | 1974 | Y | $652 | Key Biscayne | |
| 2516 | Aston | 2 | $207,500 | 1052 | $197 | 2003 | N | $499 | Miami | |
| 2469 | New | AQUASOL | 1 | $139,900 | 910 | $154 | 1968 | Y | $514 | Miami Beach |
| 2491 | New | MARLBOROUGH HOUSE | 1 | $204,900 | 906 | $226 | 1963 | Y | TBD | Miami Beach |
| 2504 | PARKVIEW VIEW POINT | 2 | $134,900 | 1020 | $132 | 1964 | Y | $573 | Miami Beach | |
| 2479 | CAPRI XII AT INDIAN | 2 | $199,900 | 1480 | $135 | 2004 | N | $330 | Miami Beach | |
| 2470 | AQUASOL | 2 | $257,900 | 1326 | $194 | 1968 | Y | $740 | Miami Beach | |
| 2501 | Oceanside Plaza | 2 | $399,900 | 1048 | $382 | 1967 | Y | $521 | Miami Beach | |
| 2537 | WEST BAY PLAZA | 2 | $420,000 | TBD | TBD | 1995 | Y | $403 | Miami Beach | |
| 2468 | Aqua Allison Island | 2 | $690,000 | 1773 | $389 | 2004 | Y | $1,376 | Miami Beach | |
| 2473 | Bentley Bay | 3 | $900,000 | 1994 | $451 | 2004 | Y | $2,375 | Miami Beach | |
| 2514 | New | SPEAR AT AQUA | 4 | $550,000 | 2752 | $200 | 2004 | N | $2,200 | Miami Beach |
| 2503 | Opera Tower | 0 | $199,900 | TBD | TBD | 2007 | Y | $380 | Miami Midtown | |
| 2530 | VENETIA | 1 | $157,900 | 800 | $197 | 1980 | Y | $671 | Miami Midtown | |
| 2515 | 1800 CLUB | 1 | $171,000 | 642 | $266 | 2007 | Y | $357 | Miami Midtown | |
| 2463 | 1800 Biscayne Plaza | 2 | $174,900 | 1051 | $166 | 2005 | N | $482 | Miami Midtown | |
| 2522 | Grand | 2 | $204,900 | 1479 | $139 | 1986 | Y | $590 | Miami Midtown | |
| 2521 | Grand | 2 | $569,000 | 1479 | $385 | 1986 | Y | $816 | Miami Midtown | |
| 2474 | 1800 Biscayne Plaza | 3 | $204,900 | 1305 | $157 | 2005 | N | TBD | Miami Midtown | |
| 2497 | New | NEO | 2 | $164,900 | 958 | $172 | 2004 | N | TBD | Miami River |
| 2518 | Bridgewater | 2 | $194,900 | 1171 | $166 | 2006 | Y | $552 | North Bay Village | |
| 2517 | Bridgewater | 2 | $500,000 | TBD | TBD | 2006 | Y | $602 | North Bay Village | |
| 2508 | SHELBORNE OCEAN BEACH | 0 | $159,983 | 330 | $485 | 1940 | Y | TBD | South Beach | |
| 2509 | SHELLBORNE OCEAN BEACH | 0 | $174,983 | 290 | $603 | 1940 | Y | TBD | South Beach | |
| 2480 | New | Collins Plaza | 1 | $165,000 | 750 | $220 | 1982 | N | $250 | South Beach |
| 2493 | Mirador | 1 | $174,900 | 837 | $209 | 1965 | Y | $572 | South Beach | |
| 2487 | New | Fontana | 1 | $234,900 | 691 | $340 | 1962 | N | $306 | South Beach |
| 2494 | New | MIRADOR 1200 | 1 | $250,000 | 837 | $299 | 1965 | Y | $445 | South Beach |
| 2538 | New | WESTGATE RESIDENCE SOBE | 1 | $265,000 | 650 | $408 | 1951 | N | $250 | South Beach |
| 2524 | MERIDIAN | 1 | $339,900 | 1010 | $337 | 2005 | N | $560 | South Beach | |
| 2542 | New | YACHT CLUB AT PORTOFINO C | 1 | $385,000 | 740 | $520 | 1999 | Y | $784 | South Beach |
| 2486 | New | FLAMINGO SOUTH Beach | 2 | $257,900 | 1100 | $234 | 1960 | Y | TBD | South Beach |
| 2523 | MERIDIAN | 2 | $705,000 | 2058 | $343 | 2005 | Y | $1,210 | South Beach | |
| 2483 | New | Courts at South Beach | 3 | $625,000 | 1485 | $421 | 2002 | N | TBD | South Beach |
| 2499 | OCEAN POINT BEACH CLUB | 1 | $279,500 | 930 | $301 | 2000 | Y | $750 | Sunny Isles | |
| 2502 | OceanView | 2 | $147,345 | 1525 | $97 | 1971 | Y | TBD | Sunny Isles | |
| 2505 | PORTO BELLAGIO | 2 | $154,900 | 907 | $171 | 2003 | Y | TBD | Sunny Isles | |
| 2500 | New | OCEANIA | 2 | $399,900 | 1760 | $227 | 1991 | Y | $775 | Sunny Isles |
| 2489 | LE MERIDIEN | 2 | $550,000 | 1497 | $367 | 2005 | Y | $1,600 | Sunny Isles | |
| 2498 | OCEAN FOUR | 3 | $1,600,000 | 2755 | $581 | 2006 | Y | $1,813 | Sunny Isles |
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Keller Williams Miami Beach Realty 1680 Meridian Avenue - Miami Beach, FL 33139
