BREAKING NEWS: Portofino Yacht Club owners – Great time to sell !
If you own a 1 or 2 bedrooms unit facing the bay at the Yacht Club at Portofino, it is a great time to consider selling your unit. The units facing the bay are the even condos ending by an 02/04/06/08/10/12.
So why is it a good time to sell your condo at the Portofino Yacht Club? Because the inventory is low and the last sales of bayfront units were at a high price.
Let’s first look at the last sales. The three last sales of bayfront condos at the Portofino Yacht Club were in the $800/sqft.
#2812 which sold a month ago for $950,000 or $840/sqft and it was not remodeled. The other one was #1804 which closed for $840,000 or $770/sqft totally remodeled. Finally, PH#3308 sold for $805/sqft or $612,000.
These last sales give us a positive forecast for the remainder of the year.
Now if you want to sell your unit at the Portofino Yacht Club you are going to ask me for what is available for sale today on the market?
Well if you want to buy a 2-bed condo there are only available ones above $900,000. You can choose between #2612 for $919,000 or #2012 for $939,000 or #2010 for $1,075,000. This means they are all above $800/sqft.
You can also enjoy a 2-bed Penthouse at the Portofino Yacht Club for $2,200,000. This unit has an awesome balcony and 10 feet ceilings. It is very well remodeled.
If you are looking to sell your 1-bed condo at the Portofino Yacht Club, the prices range from $555,000 to $626,000 for the remodeled unit. These are the only units under $1M in the entire south of Fifth neighborhood which offer sweeping views of the bay and downtown Miami so you will find a buyer quickly.
As a conclusion, if you are planning on selling your unit at the Portofino Yacht Club it is the right timing even if we enter the low season. Please call us so we can evaluate its pricing.