Miami Beach Real Estate Market Report for 2009 – Venetian Islands Luxury Homes

This should put the Miami Beach Luxury Home Market in perspective – there have only been 10 home sales in The Venetian Islands this year – the highest sale being 28 W San Marino for $3,830,000  and lowest $900,000 for the dry-lot property located at 1480 NE 13th Ave in San Marco Island.
Venetian Island Home Sales 2009 View in a larger map

Address	Bds	Bths	HBth	sqft	Water	Lot Size	List Price	Sale price	$/sq.ft
28 W San Marino	6	6	1	4,716	Y	12,960	$4,450,000	$3,830,000	812
122 W Dilido Drive	4	4	1	3,586	Y	10,500	$3,200,000	$2,800,000	781
309 E San Marino Dr	4	4	1	3,370	Y	15,750	$2,950,000	$2,650,000	786
830 W Dilido Dr	4	3	0	3,734	Y	13,408	$2,950,000	$2,610,000	699
209 E Dilido Dr	4	3	1	3,772	Y	10,500	$2,750,000	$2,235,000	593
25 E Rivo Alto Dr	4	3	1	3,894	Y	13,380	$2,590,000	$2,350,000	603
127 E Rivo Alto Dr	4	4	0	3,361	Y	10,500	$2,275,000	$2,040,000	607
1111 N Venetian Dr	3	3	1	4,010	Y	15,000	$2,137,500	$2,030,000	506
30 E Dilido Dr	3	3	0	2,441	N	7,020	$999,000	$945,000	387
1480 NE 13th Ave	4	3	0	2,796	N	7,500	$985,000	$900,000	322

The average price per square foot for waterfront properties in The Venetian Islands was $673 compared to $812.11  in 2008 – one of those sales was a foreclosure (The property located at 1111 N. Venetian Drive) – if you remove that property from the average, the number goes up to $697/sq.ft which is still over $100 per square foot less than the previous year.  what I find curious about the sales in 2009 is that none of the higher priced homes sold, meaning the ones over $4 million.  I’ll modify this list if there are any further closings in the month of December.

**UPDATE** There were no sales in The Venetian Islands in the month of December which makes this real estate market report the FINAL one for 2009**

Miami Beach Luxury Real Estate

Search Venetian Islands Homes currently listed for sale – above $1,000,000