The Trump Palace Sunny Isles Beach Penthouse Sells In 10 Days! Trump Palace Penthouse #5507 just sold in an unsurprising 10 days. This Trump Palace property has a 915-square-foot terrace for that particular “unique factor.” These features are required for a fast sale in today’s market.
Another unique factor is the spiral staircase leading to the private Master Bedroom and entertainment terrace with a rooftop jacuzzi. The asking price was $1.925M for a 3 bedroom or $705 per square foot ($527 PSF including the terraces).
A fantastic price considering it was sold in 2007 at $2.8M!
BUYER UPDATE: #TS5505 is a 2-story listed here for $1.890M, purchased in 2007 for $2.750M. This one’s sure to sell soon. It was just listed (Exclusive Waterfront) on March 14th!!
Trump Palace condos were built in 2006 and are one of the more desirable developments found on Sunny Isles Beach today. Significant features of the Trump Palace condo development are the gated entryway with stellar security, resident privacy yet with access to the Trump Int’l Beach Resort next door, a private lap swimming pool, tennis courts, child care facilities, a restaurant, and bars along with other luxury services found within this three-tower development.
Average days on the market from the last 90 days have dropped to only 63 DOM with an increase in inventory reflecting a high 21% of 275 total Trump Palace condos.. excellent deals are being made with 1 bedroom as low as $400k! Other average sold values from the last 90 days reflect $510PSF with a $606PSF asking price. 2 bedroom deals are to be had with a turn-key 2 Bedroom (1,600 SqFt) #1005 hovering the ocean here.