Tech entrepreneur’s purchase of Continuum unit leads Miami-Dade weekly condo sales

Source: The Real Deal

Top 10 sales ranged from $2M to $8M

Tech entrepreneur Hari Ravichandran’s $8 million purchase of a luxury condo in South Beach led last week’s condo sales in Miami-Dade County.

Total condo sales dollar volume for the week reached $123 million, compared to $85.3 million the week before. Sales totaled 198, up from 128 the previous holiday week.

Condos sold for an average price of about $622,000 compared to $666,000 the previous week.

Ravichandran acquired unit 3507 at the Continuum for $2,708 per square foot. Eddy Martinez and Roland Ortiz of One Sotheby’s International Realty represented the seller. Alex Algarin of Compass represented the buyer. It was on the market for about a week.

The second top sale was for unit 6841 at Palazzo Della Luna on Fisher Island. The unit was listed for 324 days and sold for $7.5 million, or $2,045 per square foot. Dora Puig represented the seller, while Pablo Alfaro was the buyer’s agent.

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