August tips to purchase a condo at the Murano at Portofino

The ultra-luxury Murano at Portofino condo is one of the most exclusive condominiums in Miami. This condo houses 189 units and out of those, there are only 13 units for sale. The available units range from 2 or 3 bedrooms and have an average size of 2,146 sqft. The starting price goes for $1.6M or $918/sqft and goes up to $7.3 or $2,184/sqft. There are no units currently under contract at the Murano at Portofino condo.

Last month there was one recorded sale at the Murano at Portofino condo, unit #2801. This unit listed at $6M of $1,783/sqft was outstandingly negotiated $1M down the listing price, meaning it got sold at $5M or $1,485/sqft. Congratulations to the new owner of this beautiful bayfront condo in the heart of South of Fifth.

Out of the 2-bedroom available for sale, if you are looking to buy we would suggest you check unit #1607. This turnkey lower penthouse level unit at the Murano at Portofino condo has modern finishes throughout with an updated air-jetted tub and a built-in California closet. Listed at $2M or $1,438/sqft, this unit has been on the market for over 4 months now and the price was recently reduced by 7%. It was bought back in 2007 for $1.3M, this might mean the owner is open to considering lower offers.

If you want to buy a 3-bedroom unit at the Murano at Portofino condo, our favorite deal is the lowest-priced unit #1903. With stunning waterfront views of Biscayne Bay, if you purchase this unit you can lay down in the oversized balcony and watch the cruise ships departures all day long… With a listing price of $3M or $1,481/sqft, this one-of-a-kind unit has been on the market for 8 months and since then the price has been reduced once by over $300K which is 9.8% down from the original listing price. The seller might be willing to negotiate the price as the unit was bought back in 2003 for a little less than $1M which shows a huge margin profit from the current price. It has been transformed and delightfully reconfigured from a 2 to a 3 bedroom unit.