Clemente Sanchez, P.A. and South Pointe Drive Realty announces the sale of Murano Portofino 3602, SOLD at record price per square foot

South of Fifth's Premier luxury condo residence at Murano at Portofino #3602 Sells for Record Price for per square foot in slowed market. End Quote

(1888PressRelease) July 04, 2017 - MIAMI BEACH, Florida – Despite conflicting reports on the state of Miami’s real estate market, the reality is that thus far this has been one of the slowest summers for luxury condominium sales since the crash of 2007-2008. The sale of unit 3602 at Murano Portofino, which sold for a record price per square foot and was on the market 35 days less than the average sale, is evidence that with the right approach and experience premium pricing can be achieved.

“A strong US dollar has made many units unaffordable for foreign buyers, historically the bulk of Miami Beach luxury condominium buyers. Zika and the daily addition of new luxury product has not helped”, said Clemente Sanchez, who represented the seller and lead the sales effort. “The bottom line is —in-depth market knowledge and a strategic approach from the start is key to a getting deals done during tough market times,” added Clemente.

Located within the South of Fifth neighborhood of Miami Beach, the 36th floor residence within the “02-line” at Murano at Portofino; one of only six like-kind units in the building, is a beautifully designed home with three totally private balconies, unobstructed 300°panoramic views of the beach, city, Intracoastal and Fisher Island and features magnificent sunset views of the Miami skyline.

About Murano at Portofino
Murano at Portofino is a well maintained, modern, full-service waterfront luxury condo located in the prestigious South of Fifth neighborhood on Miami Beach. One of the most luxurious resort-style residences in South Florida, the signature three-tiered building soars 37 stories above South Beach's prime South Pointe Drive address and features two bay-fronts pool; tennis courts; a two-story state-of-the-art fitness and health center with water views, locker rooms, sauna and steam room; media and other multi-purpose rooms; plus a beach club, La Piaggia, an outdoor poolside destination featuring a high-end, French style restaurant and chic vibe. Murano luxury amenities are complemented by a professional staff dedicated to personal service.

About Clemente Sanchez
With over 23+ years of experience, Clemente Sanchez principal of RealtyByClemente.com, offers specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate and appreciate professional, straight-forward communication. Clemente specializes in luxury-end real estate in Miami Beach and offers a personalized strategic approach to real estate coupled with a solid network of qualified buyers and experienced real estate investors.

For new listing opportunities and sales strategies, or general market intelligence, contact Clemente at 305.803.7605 or email Clemente at realtybyclemente ( @ ) gmail dot com.

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