Park West continues to be an outstanding location to purchase in Miami, especially for those that see themselves being a part of our city in the long run. In addition to being the site of the new Frost Science Museum set to open in May, it is also the neighborhood that will be part of Miami World Center, which is set to redefine Miami’s urban core. It also already features one of the world’s most renowned 24 hour nightlife districts alongside 11th St and last but not least, it’s also within the already open Perez Art Museum and the American Airlines Arena.
Not bad for a neighborhood that had none of the structures mentioned above less than 20 years ago.
Today’s activity report on Park West will break down each residential building. I will mention how many properties are active on the market, what has sold so far this year, and some of the current stats on each. In addition, I’ll make sure to add changes if any new sales take place during this month on any of the buildings.
As always, please contact me directly for additional information on any of the developments!
Park West Activity Report
Currently For Sale (All Buildings): 206 (13.5% of all units)
Sales Since 01/01/17: 8
Marina Blue
Currently For Sale: 62 units (12% of all units)
Price Range: $374,900 – $2.35M
Sales Since 01/01/17: 3 – Click here to view
Average Sold $/SF: $452/SF
900 Biscayne Bay
Currently For Sale: 74 (14% of all units)
Price Range: $429,000 – $3.5M
Sales Since 01/01/17: 3 – Click here to view
Average Sold $/SF: $394/SF
Ten Museum Park
Currently For Sale: 22 (11% of all units)
Price Range: $345,000 – $7,500,000
Sales Since 01/01/17: 2 – Click here to view
Average Sold $/SF: $417/SF
Marquis
Currently For Sale: 48 (Approximately 16 – 17% of all units)
Price Range: $600,000 – $3,945,000
Sales Since 01/01/17: 0
Average Sold $/SF: N/A (Average Asking Price Is Currently Around $600/SF)
*Source: Miami MLS and Trendgraphix. All stats are based as of 03/09/2017. Information deemed reliable but not guaranteed.
Marcelo Steinmander and The Miami Observer of EWM Realty International are local specialists who work on providing the best local information possible. If you would like to buy or sell in Downtown Miami contact us today at 305-305-3885 or send us a message here! We specialize in the Downtown Miami market and our knowledge in the area has already helped dozens of others achieve their real estate goals!
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