Foreclosure & Bank Owned Condos - Miami, Miami Beach
Foreclosure & Bank Owned Condos in Miami Beach & Miami, Florida
March 23rd, 2012
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 Coastal Condo Prices Rise to $312.00 Average per Square Foot
Here is a list of available Miami bank owned condos for investment as of March 23rd, 2012. 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 305-479-0433 for further information.
Coastal Condos through March 23rd, 2012
| MCL ID# | Building Name | List Price | Beds | Area | $/SqFt | Year | Water View | Maint Fee | City |
|---|---|---|---|---|---|---|---|---|---|
| 3875 | TOWER AT BISCAYNE COVE | $200,000 | 2 | 1339 | $149 | 1981 | Y | $398 | Aventura |
| 3876 | 5600 Collins | $204,900 | 2 | 1190 | $172 | 1967 | Y | TBD | Miami Beach |
| 3877 | Arlen House | $205,000 | 2 | 1357 | $151 | 1975 | Y | $789 | Sunny Isles |
| 3878 | AVENTURA-ELDORADO | $209,900 | 2 | 1142 | $184 | 1974 | N | $598 | Miami |
| 3879 | DOWNTOWN DADELAND | $209,900 | 2 | 1238 | $170 | 2007 | N | TBD | Miami |
| 3880 | Mimosa | $214,900 | 1 | 790 | $272 | 1962 | Y | TBD | Miami Beach |
| 3881 | PARKVIEW AT BRICKELL | $217,800 | 3 | 1087 | $200 | 2007 | N | $498 | Brickell |
| 3882 | Eloquence on the Bay | $218,970 | 1 | 917 | $239 | 2009 | Y | $600 | North Bay Village |
| 3883 | Cite | $219,900 | 1 | 715 | $308 | 2004 | N | $385 | Miami Midtown |
| 3884 | Uptown Marina Lofts | $227,900 | 1 | 816 | $279 | 2006 | Y | $534 | Aventura |
| 3885 | BRICKELL ON THE RIVER | $238,000 | 1 | 757 | $314 | 2006 | Y | $463 | Miami River |
| 3886 | Parc Central South | $239,900 | 3 | 1271 | $189 | 1990 | N | $567 | Aventura |
| 3887 | Harbour House | $244,900 | 0 | 481 | $509 | 1964 | Y | $399 | Bal Harbour |
| 3888 | Mystic Pointe Tower 400 | $247,500 | 3 | 1694 | $146 | 1990 | Y | $794 | Aventura |
| 3889 | vue at brickell | $248,900 | 2 | 1143 | $218 | 2004 | N | $679 | Brickell |
| 3890 | coral palms | $249,900 | 2 | 1263 | $198 | 1996 | N | TBD | Brickell |
| 3891 | VENTURE | $254,900 | 2 | 1174 | $217 | 2006 | N | $524 | Aventura |
| 3892 | UPTOWN MARINA LOFTS | $272,900 | 2 | 816 | $334 | 2006 | Y | $535 | Aventura |
| 3893 | Colonade | $284,900 | 2 | 1335 | $213 | 2008 | N | TBD | Dadeland |
| 3894 | ROYAL EMBASSY | $289,000 | 2 | 1515 | $191 | 1968 | N | TBD | Miami Beach |
| 3895 | Tropicana | $289,900 | 2 | 1358 | $213 | 1983 | Y | TBD | Sunny Isles |
| 3896 | JADE RESIDENCES AT BRICKE | $294,900 | 1 | 895 | $329 | 2004 | N | TBD | Brickell |
| 3897 | Mystic pointe | $299,000 | 2 | 1365 | $219 | 1989 | Y | $599 | Aventura |
| 3898 | CARLISLE ON THE OCEAN | $299,500 | 1 | 905 | $331 | 1965 | Y | TBD | Surfside |
| 3899 | BRICKELL PLACE PHASE II | $299,900 | 2 | 1583 | $189 | 1980 | Y | TBD | Brickell |
| 3900 | Marina Blue | $305,900 | 1 | 843 | $363 | 2008 | N | $468 | Miami Downtown |
| 3901 | Sunset lofts | $313,500 | 1 | 965 | $325 | 2004 | N | $456 | Miami Beach |
| 3902 | Mondrian South Beach | $319,000 | 1 | 756 | $422 | 2008 | Y | TBD | South Beach |
| 3903 | Eloquence on the Bay | $335,000 | 2 | 1210 | $277 | 2009 | Y | $700 | North Bay Village |
| 3904 | ONE MIAMI | $339,900 | 2 | 1227 | $277 | 2005 | Y | TBD | Miami |
| 3905 | 1000 WILLIAMS ISLAND | $350,060 | 3 | 1900 | $184 | 1990 | Y | $1,499 | Aventura |
| 3906 | Alaqua Aventura | $359,900 | 3 | 1579 | $228 | 2007 | Y | $840 | Aventura |
| 3907 | Alexander | $360,000 | 2 | 960 | $375 | 1962 | Y | $820 | Miami Beach |
| 3908 | BRICKELL ON THE RIVER | $374,900 | 2 | 1110 | $338 | 2006 | Y | $686 | Miami River |
| 3909 | FLORIDIAN | $379,900 | 2 | 1078 | $352 | 1997 | Y | $887 | Miami Beach |
| 3910 | Eloquence on the Bay | $380,000 | 3 | 1505 | $252 | 2009 | Y | $1,006 | North Bay Village |
| 3911 | Eloquence on the Bay | $389,000 | 3 | 1505 | $258 | 2009 | Y | $1,006 | North Bay Village |
| 3912 | LANDMARK | $425,000 | 2 | 2000 | $213 | 1990 | N | TBD | Aventura |
| 3913 | Seaside Villas | $425,000 | 1 | 710 | $599 | 1988 | Y | $1,256 | Fisher Island |
| 3914 | Harbour House | $449,900 | 2 | 1056 | $426 | 1964 | Y | $871 | Bal Harbour |
| 3915 | Lofts at South Beach | $469,999 | 2 | 1583 | $297 | 2004 | Y | $795 | Miami Beach |
| 3916 | 50 Biscayne | $474,900 | 2 | 1357 | $350 | 2007 | Y | $808 | Miami Downtown |
| 3917 | Solimar | $475,000 | 2 | 1740 | $273 | 2002 | Y | $937 | Surfside |
| 3918 | MEI | $534,000 | 1 | 866 | $617 | 2008 | Y | $902 | Miami Beach |
| 3919 | Floridian | $575,000 | 3 | 1345 | $428 | 1997 | Y | $925 | Miami Beach |
| 3920 | NEW HARBOUR HOUSE | $624,900 | 2 | 1153 | $542 | 2005 | Y | $824 | Bal Harbour |
| 3921 | Bayside | $695,000 | 2 | 1847 | $376 | 1988 | Y | $1,569 | Fisher Island |
| 3922 | Eloquence on the Bay | $775,000 | 4 | 2545 | $305 | 2009 | Y | $1,797 | North Bay Village |
| 3923 | HAMPTONS SOUTH | $784,900 | 2 | 2980 | $263 | 2004 | Y | $1,319 | Aventura |
| 3924 | Eloquence on the Bay | $1,300,000 | 4 | 2851 | $456 | 2009 | Y | $2,500 | North Bay Village |
| 3925 | TURNBERRY ISLE | $1,699,000 | 5 | 7169 | $237 | 1979 | Y | $3,745 | Miami |
| 3926 | ONE ISLAND PLACE | $1,900,000 | 5 | 7340 | $259 | 1992 | Y | $3,058 | Aventura |
| 3927 | JADE RESIDENCES | $1,997,900 | 4 | 3415 | $585 | 2004 | Y | $2,550 | Brickell |
Miami Condos price averages bottomed in early 2009 and have risen over the last two years. The affordability of housing has increased dramatically and this has become good news for investors and vacation home buyers alike!
The quarter ending in December 2011 showed a twelve point eight (12.8%) percent avergae price per square foot price increase versus the quarter ending December 2010 Averages were $277.00 price per square foot last year as compared to $312.00 this year. Many of the properties that have sold have been distressed properties that were taken back by banks.
 |
Miami Condos Average Price per SqFt
 |
Miami Condos Closed Vs Pended Sales
Please note that the the sales of condos have strengthened significantly over the last eighteen months with the most recent quarter ending December 2011 being a four point seven(4.7%) percent increas over the same quarter a year ago.
The Months of Inventory (Absorption Rate) has dropped dramatically from eleven (11) months to eight (8) months. This is very good news for buyers and sellers as the market has reached an equilibrium stage where there are a balanced number of buyres and seller. This usually causes the priec of real estate in a market to stabilize.
Privacy Statement |
Disclaimer
Copyright © 2000 - 2012 Ned Berndt & Lynda Stone All Rights Reserved.
Vandenburg Properties - 6915 Red Road - Coral Gables, FL 33146
