Jade Condos Sunny Isles Beach sales & trends for this year show us 65 condos sold between the three luxury towers. The total number of condos sold and 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 791 total condos for sale and 192 closed sales in the last 90 days, with a median sale price of $536 per square foot. With the market shifting in favor of buyers this year, the condo inventory absorption along the Miami coastline has slowed. Price increases continue to show, but the sales volume (buyer pool) is shrinking. Our oceanfront residential condo market values noticed considerable price gains over the years spanning from 2009 to 2016. Then from early 2016 to the latter part of 2020, we found ample supply with limited demand in a buyer’s market. The market had a frenzied run-up from the pandemic in 2019 to mid-2022.
With new developments selling out in Sunny Isles Beach, we find supply steady and consistent demand. This is especially so within the baseline of the high-end market segment ($1M to $3M). The residential condo market shifted post-COVID in favor of sellers but has stabilized this year now back in the favor of buyers.
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 & Bentley Residences 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 a beautiful skyline to behold.
Jade Condos Sunny Isles Beach remains a top contender for luxury condo buyers wanting oceanfront in South Florida. 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 $1,360 psf.
- There are 11 active listings for sale from $1.492m (B2 Model) to $7.2m (Penthouse #4904).
- In 2022 (YTD), 22 resales occurred with a median sale price per square foot of $1,107 psf and 111 (DOM) days on the market.
- In 2021, 27 resales occurred with a median sale price per square foot of $909 psf (190 DOM).
- 2020; 20 resales occurred with a median sale price per square foot of $778 psf (145 DOM).
- 2019; 9 resales occurred with a median sale price per square foot of $764 psf (210 DOM).
- The median selling price per square foot in 2018 (10 total sales) was $818 psf (178 DOM).
- Median selling price per square foot in 2017 (7 total sales) was $877 at 243 days on the market.
- 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. As the original oceanfront Jade tower and with reasonable resale values to match, the future of Jade Beach remains strong. I’m confident Jade Beach will continue to reign as a leading tower given its location and exceptional value.
There are 11 Jade Beach resales (4% inventory) available, ranging from $1.492m (B1 Model) to $7.2m for the remarkable 49th & 50th floor south side Jade Beach penthouse. Jade Beach condos offer one of the most desirable Collins Avenue locations. It also offers excellent value when seeking the lifestyle experienced on the ocean in Miami.
Jade Beach Sunny Isles Rentals
There are 9 Jade Beach condos for rent ranging in asking prices from $4,850 (B1 model) to $22,500 (E Model). To date, 26 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 $6.32 per square foot.
Jade Ocean Condos Sales & Trends
- The average Jade Ocean list price per square foot is $1,425 psf.
- There are 14 listings for sale from $1.150m (B1 Model) to $8.5m (Penthouse 4803).
- In 2022 (YTD), 21 resales have occurred with a median sale price per square foot of $1,201 psf and 190 (DOM) days on the market.
- In 2021, 34 resales occurred with a median sale price per square foot of $970 psf (263 DOM).
- 2020; 8 resales occurred with a median sale price per square foot of $854 psf and 187 days.
- 2019; 12 sales occurred with a median sale price per square foot of $839 psf and 324 days.
- 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. They are right in the middle both physically and price-wise between Jade Beach & Jade Signature. While some prefer Jade Beach, Jade Ocean condos have consistently sold at higher price point, offering many buyers a clear advantage.
There are 14 Jade Ocean resales (5% inventory) available, ranging from $1.150m (B1 Model) to $8.5m (Penthouse 4803). Jade Ocean condos offer one of the most desirable Collins Avenue locations. They have excellent value when seeking the lifestyle experienced on the ocean in Miami.
Jade Ocean Sunny Isles Beach Rentals
There are 11 Jade Ocean condos for rent ranging in asking prices from $5,950 (B1 model) to $25,000 (E Model). To date, 30 Jade Ocean condos have been rented, ranging in value from $5,400 (B1 Model) to $20,000 (E Model), with a median rental value of $7.25 per square foot.
Jade Signature Condos Sales & Trends
- The average Jade Signature list price per square foot is $1,696 psf.
- There are 26 listings for sale from $1.990m (1 BR) to $7.5m (5 BR).
- In 2022 (YTD), 22 resales occurred with a median sale price per square foot of $1,504 psf and 268 (DOM) days on the market.
- In 2021, 19 resales occurred with a median sale price per square foot of $1,202 psf (280 DOM).
- 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 (307 DOM).
Jade Signature Condos for Sale
There are excellent resale options, with 26 Jade Signature condos for sale. They range from $1.990m (1 Bedroom unfurnished) to $7.5m (5 Bedrooms furnished).
Jade Signature condos (16901 Collins Avenue) was completed early in 2018, and it’s a fantastic addition to the Jade Condo 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 Jade Signature penthouse sold in 2019 at $18.5M ($2,015 psf), setting the area record for an existing Sunny Isles Beach condominium. Since then, four others within Jade Signature have sold over $10M setting new building records at $23.5M (Penthouse #5603) at $2,015 per square foot.
Like Porsche Design Tower & Armani Residences, Jade Signature will continue to show exceptional value for Florida’s Riviera. We consider a healthy building to have less than 10% inventory. Today, Jade Signature has 26 condo units as resale or 14% available. Jade Signature condos are highly desirable, and it’s always pleasing to show this beautiful development.
Jade Signature Sunny Isles Beach Rentals
There are 8 Jade Signature condos for rent ranging in asking prices from $9,000 (1 BR unfurnished) to $25,000 (4 BR Furnished). To date, 21 Jade Signature condos have been rented, ranging in value from $8,500 (1 BR Unfurnished) to $33,000 (4 BR Furnished), with a median rental value of $8.66 per square foot.
Jade Condos Sunny Isles Beach condo trends are essential for those who own at Jade or are looking to buy. Reach out today for accurate property analysis, or check the Jade Condo Blog for new updates, property listings, sales & trends.
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