Published by Peter Zalewski
2/29/2024 
2:49:47 PM 
Luxury condos are said to be in great demand in Miami Beach yet Penthouse A – also known as unit 15A – in the Faena House project is still for sale some four years after originally hitting the market.
The listing agents marketing this Faena House penthouse have changed over the years but the property still has not traded since it was first listed for resale in March 2020 for $37 million, according to an analysis of the Southeast Florida MLX Matrix.
The current asking price for this oceanfront unit is $33 million for the “six bedroom” unit with “6,400 square feet,” according to the listing posted on Zillow.com.
We have crunched the statistics for the Year 2023 and plan on publishing a series of of reports during the next two weeks on CondoVultures.com looking at the winners and losers in Miami Beach.
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Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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