Amid Talk Of Luxury Market Slowdown In Miami, Luis Gonell Continues To Break Records

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Amid talk of a slowdown of luxury condo sales in South Florida, Luxury Real Estate Advisor Luis Gonell of Engel & Völkers Miami has proven his skill by closing successful deals for buyers and sellers alike.

In the past seven months, Gonell achieved two record-breaking transactions in The Residences at W South Beach, and another one in 1 Hotel & Homes South Beach. Several other notable closings are in the works with price points ranging from $5.6M to $10.2M.

Last June, Gonell set the record for the highest price per square foot (psf) in Miami-Dade when he navigated the purchase of UPH 5 in The Residences at W South Beach for $3,502 psf, as well as the highest price to date at The Residences at W South Beach for $10.2 M. Gonell represented recording artist and philanthropist, Ivan Wilzig, professionally known as Sir Ivan.

Just eight months later, Gonell has also closed UPH 2, ranking it the third highest sale in terms of psf in Miami-Dade since January 2017 – today at $3,289 psf. In his most recent transaction, Gonell negotiated the successful purchase of  PH 1617 in the ultra-luxury 1 Hotel & Homes South Beach for $5.6M on behalf of his client.

“At the moment, Miami Beach’s ultra-luxury market is experiencing a flat market, however I do expect to see an increase in sales activity from my team this year among this segment,” said Gonell. “This is the moment when clients need a true professional real estate advisor, who is able to sell during any market condition, that is backed by a broker like Engel & Völkers, with strong global exposure that targets high net worth buyers and sellers.”

Luis Gonell  is the exclusive agent representing the Key Biscayne, Florida real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

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