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Foreclosure & Bank Owned Condos - Miami, Miami Beach

Foreclosure & Bank Owned Condos in Miami Beach & Miami, Florida

February 16th,2013

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 February 16th,2013. 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 February 16th,2013
MCL ID# Building Name List PriceBedsArea $/SqFt Year Water
View
Maint
Fee
City
3886 UPTOWN MARINA LOFTS $224,900 2 816 $276 2006 Y $535 Aventura
3896 PARC CENTRAL $214,900 1 990 $217 1990 N $581 Aventura
3897 EL Dorado Towers $259,900 2 996 $261 1974 N $604 Aventura
3903 VENTURE AT AVENTURA WEST $284,900 2 1070 $266 2005 N $531 Aventura
3905 MARINER VILLAGE $284,900 3 1143 $249 1985 N $474 Aventura
3906 ALAQUA $374,900 2 1156 $324 2007 Y TBD Aventura
3907 ALAQUA $345,000 2 1156 $298 2007 Y $603 Aventura
3909 VENTURE AT AVENTURA $249,900 2 1179 $212 2005 N $534 Aventura
3912 TURNBERRY ON THE GREEN CO $369,900 2 1245 $297 2002 N TBD Aventura
3916 EASTSIDE $305,000 1 1330 $229 2007 Y $548 Aventura
3917 Uptown Marina Lofts $403,300 2 1362 $296 2006 Y TBD Aventura
3918 MYSTIC POINTE $279,000 2 1365 $204 1989 Y $605 Aventura
3926 Hamptons West $329,900 2 1800 $183 1984 Y $934 Aventura
3927 Aventura Bay Townhomes $561,000 3 2000 $281 2002 N TBD Aventura
3928 Terraces North at Turnber $459,000 3 2290 $200 1983 Y TBD Aventura
3929 HIDDEN BAY $2,975,000 6 5500 $541 2000 Y $2,845 Aventura
3901 PLAZA OF BAL HARBOUR $285,000 1 1015 $281 1965 Y $572 Bal Barbour
3922 LANAI $239,900 3 1531 $157 1952 N $460 Bal Harbour
3892 Brickell Harbour $349,900 2 914 $383 1974 Y $600 Brickell
3913 COSTA BELLA $324,900 2 1249 $260 1977 Y TBD Brickell
3923 BRICKELL FOREST $399,900 3 1546 $259 1980 N $882 Brickell
3878 ISOLA $244,900 1 708 $346 1990 N $575 Brickell Key
3898 Gateway to the grove $239,900 2 997 $241 2006 N TBD Coconut Grove
3899 Gateway To The Grove $219,900 2 998 $220 2006 N $462 Coconut Grove
3930 Gables Club $7,900,000 4 11402 $693 1996 Y $2,455 Coral Gables
3874 FONTAINEBLEAU III SORRENT $489,250 0 574 $852 2008 Y $685 Miami Beach
3924 5600 $379,900 2 1650 $230 1967 Y $1,079 Miami Beach
3889 One Miami $310,000 1 846 $366 2006 Y TBD Miami Downtown
3882 Biscayne Plaza $209,900 1 749 $280 2005 N TBD Miami Midtown
3883 Biscayne Plaza $219,500 1 763 $288 2005 N $455 Miami Midtown
3900 PLATINUM $349,900 2 1007 $347 2007 Y $630 Miami Midtown
3908 BLUE $399,900 2 1174 $341 2005 Y $861 Miami Midtown
3911 Charter Club $265,000 2 1218 $218 1973 Y $672 Miami Midtown
3887 Latitude on the River $259,900 1 832 $312 2007 N $589 Miami River
3914 360 $389,900 2 1251 $312 2007 Y TBD North Bay Village
3915 BAYVIEW $322,000 2 1253 $257 2003 Y TBD North Bay Village
3920 Eloquence on the Bay $381,000 2 1505 $253 2009 Y $1,006 North Bay Village
3921 Eloquence on the Bay $380,000 3 1505 $252 2009 Y $1,006 North Bay Village
3925 LEXI $374,900 2 1735 $216 2007 N TBD North Bay Village
3876 1390 OCEAN DR $297,900 1 653 $456 1965 Y TBD South Beach
3877 Roney Palace $247,200 0 660 $375 1926 Y $613 South Beach
3879 FLAMINGO SOUTH BEACH $354,900 1 722 $492 1960 Y TBD South Beach
3880 Flamingo South Beach $314,900 1 722 $436 1960 Y $667 South Beach
3881 Mondrian $409,000 1 741 $552 2008 Y $957 South Beach
3884 MARJO $271,500 2 798 $340 1941 N $396 South Beach
3885 1045 Meridian $227,500 1 810 $281 1936 N TBD South Beach
3888 Mirador $295,000 1 837 $352 1965 Y $445 South Beach
3890 1820 JAMES AVE $206,000 2 880 $234 1966 N $250 South Beach
3891 Belle Plaza $239,900 1 897 $267 1962 Y $575 South Beach
3893 South Bay Club $229,500 1 920 $249 1966 Y $541 South Beach
3894 DANTON $399,900 2 978 $409 2003 N $493 South Beach
3895 SOUTH BAY CLUB $210,000 1 980 $214 1966 Y $542 South Beach
3902 SKYLARK $364,900 1 1043 $350 1954 N $680 South Beach
3904 FLAMINGO SOUTH BEACH $409,900 2 1091 $376 1960 Y TBD South Beach
3910 9 ISLAND AVE $450,500 2 1190 $379 1981 Y $820 South Beach
3871 Ocean Point Beach Club $365,000 1 990 $369 2000 Y TBD Sunny Isles
3872 PORTO BELLAGIO $249,000 2 907 $275 2003 Y TBD Sunny Isles
3873 Sole on The Beach $490,000 2 1007 $487 2007 Y TBD Sunny Isles
3919 WINSTON TOWERS 700 $203,940 2 1396 $146 1980 Y $532 Sunny Isles
3875 Spiaggia $210,900 0 601 $351 1965 N $499 Surfside

Miami Condos price averages bottomed in early 2009 and have risen over the last four 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 2013 showed a twelve point eight (12.8%) percent average price per square foot price increase versus the quarter ending December 2012 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 Single Family Homes Average Price per SqFt

Miami Condos Average Price per SqFt

Miami Single Family Homes Average Price per SqFt

Miami Condos Closed Vs Pended Sales

Please note that the the sales of condos have strengthened significantly over the last thirty months with the most recent quarter ending December 2012 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.

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