Jade Condos Sunny Isles Beach sales & trends for this year show us 57 condos sold between the three luxury towers. Not just the total number of condos sold but this year’s resale values have been robust as we’ll explore below.
Sunny Isles Beach Sales & Trends
Sunny Isles Beach condo inventory today reflects 709 total condos for sale and 224 closed sales in the last 90 days, with a median sale price value of $545 per square foot. With continued condo inventory absorption along the Miami coastline, the price increases continue to increase median values. Our oceanfront residential condo market values noticed considerable price gains over the years spanning from 2009 to 2016. Then from early 2016 to the later part of 2020, we found ample supply with limited demand in a strong buyer’s market.
With new developments selling out and Sunny Isles Beach’s resale absorption on the rise, especially within the baseline of the high-end market segment ($1M to $3M), we find supply low and consistent demand. The residential condo market shifted post-COVID in favor of sellers but has stabilized since late April of this year and is back in the buyer’s seat for leverage.
We’ve also witnessed the impressive luxury developments gracing our coastlines, such as Jade Signature, Muse, Armani Casa Residences, Ritz-Carlton Sunny Isles, Turnberry Ocean Club, and now Estates at Acqualina performing VERY well. This new construction has taken over Collins Avenue with a surreal experience driving over the causeways into Sunny Isles Beach, and it’s truly a sight to behold.
Jade Condos Sunny Isles Beach remains a top contender for luxury condo buyers wanting oceanfront in South Florida, and here are the sales & trends findings for these three remarkable condominium developments.
Jade Beach Condos Sales & Trends
- The average Jade Beach list price per square foot reflects $1,453 psf.
- There are 9 active listings for sale from $2.7m (C Model) to $8.8m (Penthouse #4904).
- In 2022 (YTD), 19 resales occurred with a median sale price per square foot of $1,116 psf and 126 days on the market.
- In 2021, 27 resales occurred with a median sale price per square foot of $909 psf and 190 days on the market.
- In 2020, 20 resales occurred with a median sale price per square foot of $778 psf and 145 days on the market.
- In 2019, 9 resales occurred with a median sale price per square foot of $764 psf and 210 days on the market.
- The median selling price per square foot in 2018 (10 total sales) was $818 psf at 178 days on the market.
- The median selling price per square foot in 2017 (7 total sales) was $877 at 243 days on the market.
- The median selling price per square foot in 2016 (8 total sales) was $1,010 at 219 days on the market.
Jade Beach Condos for Sale
Jade Beach condos (17001 Collins Avenue) is the lesser valued development yet still considered a premier tower from 2007. The future of Jade Beach is strong as the original oceanfront Jade tower and ‘reasonable’ resale values to match. Jade Beach will continue to reign as the leading tower for location and exceptional value, and many owners are leasing their units long-term.
Jade Beach has 9 resales (3% inventory) available, ranging from $2.7m (C Model) to $8.8m for the remarkable 49th & 50th floor south side Jade Beach penthouse. Jade Beach condos offer one of the most desirable Collins Avenue locations plus excellent value when seeking the health & lifestyle experienced on the ocean in Miami.
Jade Beach Rental Trends
There are 13 Jade Beach condos for rent ranging in asking prices from $4,850 (B1 model) to $28,000 (E Model). To date, 19 Jade Beach condos have been rented, ranging in value from $4,200 (B1 Model) to $20,000 (D2 Model), with a median rental value of $6.27 per square foot.
Jade Ocean Condos Sales & Trends
- The average Jade Ocean list price per square foot is $1,404 psf.
- There are 11 listings for sale from $1.099m (B1 Model) to $3.495m (D Model).
- In 2022 (YTD), 20 resales have occurred with a median sale price per square foot of $1,201 psf and 197 days on the market.
- In 2021, 34 resales occurred with a median sale price per square foot of $970 psf and 263 days on the market.
- In 2020, 8 resales occurred with a median sale price per square foot of $854 psf and 187 days.
- In 2019, 12 sales occurred with a median sale price per square foot of $839 psf and 324 days.
- In 2018, 5 condos sold from $1.425M to $2.9M (C & E Models) at a median sale price of $958 psf and 107 days.
- The median selling price per square foot in 2017 (11 total sales) was $991 psf at 216 days.
- The median selling price per square foot in 2016 was $1,087 at 137 days on the market.
Jade Ocean Condos for Sale
Jade Ocean condos (17121 Collins Avenue) stand among the elite luxury condominium towers of Sunny Isles Beach yet are in the middle both physically and price-wise between Jade Beach & Jade Signature. While some prefer Jade Beach as a place to call home, JADE Ocean condos have consistently sold & leased at higher price points, offering clear advantages to many.
Jade Ocean has 11 resales (4% inventory) available, ranging from $1.099m (B1 Model) to $3.495m (D Model). Jade Ocean condos offer one of the most desirable Collins Avenue locations plus excellent value when seeking the health & lifestyle experienced on the ocean in Miami.
Jade Ocean Rental Trends
There are 21 Jade Ocean condos for rent ranging in asking prices from $5,800 (B1 model) to $50,000 (Penthouse #4404). To date, 17 Jade Ocean condos have been rented, ranging in value from $6,100 (B1 Model) to $19,000 (E Model), with a median rental value of $7.58 per square foot.
Jade Signature Condos Sales & Trends
- The average Jade Signature list price per square foot is $1,728 psf.
- There are 30 listings for sale from $2.050m (1 BR) to $7.7m (4 BR).
- In 2022 (YTD), 17 resales have occurred with a median sale price per square foot of $1,539 psf and 287 days on the market.
- In 2021, 19 resales occurred with a median sale price per square foot of $1,202 psf and 280 days on the market.
- In 2020, 10 resales occurred with a median sale price per square foot of $1,221 psf and 184 days to sell.
- There were 9 sales noted in 2019 (via MLS) with the median sale price per square foot at $1,244 and 307 days on the market.
Jade Signature Condos for Sale
There are excellent resale options, with 30 Jade Signature condos for sale today and many resale opportunities ranging from $2.050m (1 BR Unfurnished) to $7.7m (4 BR Furnished).
Jade Signature condos (16901 Collins Avenue) was completed early in 2018, and it’s an amazing addition to the JADE Trio and the new construction lineup along the coastline of Sunny Isles Beach. Jade Signature offers spacious floor plans and expansive outdoor living areas with a gorgeous architectural design and luxurious amenities. A turn-key Jade Signature penthouse sold in 2019 at $18.5M ($2,015 psf), setting the area record for an existing Sunny Isles Beach condominium.
Like Porsche Design Tower & Armani Residences, Jade Signature will continue to show exceptional value for Florida’s Riviera. A healthy building is considered less than 10% – today, Jade Signature has 30 units or 18% available. Jade Signature condos are desirable, and I’m always pleased to show this beautiful development.
Jade Signature Rental Trends
There are 11 Jade Signature condos for rent ranging in asking prices from $10,500 (1 BR furnished) to $37,000 (4 BR Unfurnished). To date, 12 Jade Signature condos have been rented, ranging in value from $12,000 (2 BR Unfurnished) to $33,000 (4 BR Furnished), with a median rental value of $8.89 per square foot.
Jade Condos Sunny Isles Beach condo sales & trends are important to understand for those who own at Jade or are looking to buy here. Reach out today for an accurate property analysis or check the Jade Condo Blog for new updates, property listings, sales & trends.
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