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Bath Club unit #1603 sold for $2,000,000.00 or $549/SqFt

The Bath Club located on 5959 Collins Ave. Miami Beach, with 108 units plus 6 Beach Villas, recently recorded the sale of one of its ultra-luxury units.

Unit #1603 sold for $2,000,000.00 or $549/SqFt. This unit has 3 bedrooms 4.5 bathrooms with 3,640 SqFt of living area.

The Schnabel Team acted as a transaction broker for both the Seller and the Buyer.

Unit #1603 was listed for sale 16 months ago for $2,750,000.00 and is one of only four units that have sold during the past 11 months as of the date of this post.

As of May 26th 2008, 32 units or 28% remained listed for sale from a total of 114 units in the complex.

If you have any questions or comments, please send me an e-mail to: michael.schnabel@mac.com or call me at 305.450.0036

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