Trump Palace 'Stats and Trends' Sunny Isles Beach

Trump Palace is one of my top choices for luxury living in Sunny Isles Beach. The Trump Palace amenities are private compared to the adjacent Trump International Sonesta (resort condo hotel) yet easily accessed and completely open to residents of either tower including the new Trump Royale. Today we are seeing some of the best deals being purchased for under $1.3M. The 3 bedroom units consist of approximately 2700 square feet and we see 11 sold units or about 1 each month so far this year. The closed sales ranged from $1.350 to $1.750M but with today’s elevated inventory, we see many seller’s who have today positioned theirs at $1.2M and up. These are equipped with state of the art kitchens (Miele, Sub Zero, Grohe), his &hers closets and flow through designs showcasing the best views of both Ocean and Bay. Below we’ll review the trends of 2007. What we see here is approximately 2 to 3 units selling each month at an average price per square foot of $650. My 2008 forecast for Trump Palace is selling prices in the $500′s per square foot with 3 to 4 selling monthly. Today the best deal is unit 4806 (flow through) priced at $1.199M with additional seller contributions.

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