Park Residences Condo
Homes for Sale in Miami Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
Over the 12 months ending 2026-07-20, 3 recorded sales closed at a median of $3,400,000, $1,550 per square foot, a median 104 days on market, sellers accepting 93% of original asking. Homes listed or recently sold were built 2024–2025 with 2 new construction; 3 of 3 report an HOA (median $2,952/mo). At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $59,820 ($59,100 with the full homestead exemption).
The number that matters most here is the price per square foot, just over $1,550. That is a finish-and-location figure, not a size figure, and it tells you this building trades on quality of construction and its position rather than square footage alone. With a median sale price of $3,400,000, this is priced as a single-purpose luxury condo, and buyers should expect the unit itself, not the amenity package, to carry the value.
A median of 104 days on market says pricing discipline matters more than urgency. This is not a market where a listing gets multiple offers in a week. Sellers should price to the comparable, not to what they hope the building will do, and buyers have room to negotiate on terms and timeline rather than racing a clock. With only a handful of closings in the current window, treat any single data point as a starting reference for a conversation, not a locked-in number.
The 60-Second Overview
Park Residences Condo market snapshot (as of July 20, 2026): the median sale price is about $3.40M ($1550 per sq ft over the trailing 12 months of closed sales), and a median 104 days on market for closed sales.
PARK RESIDENCES CONDO trades at a high per-square-foot rate that reflects its build quality and position rather than unit size, with a sales pace that rewards patience over speed.
The setting & the homes.
Aerial and on-site photos of Park Residences Condo. Swipe to explore the community.
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Park Residences Condo
Park Residences Condo
Park Residences CondoPhotos from MIAMI MLS listings in Park Residences Condo; content deemed reliable but not guaranteed.
Who Park Residences Condo is best for.
Best for
- A buyer purchasing a single luxury unit for its finish and location rather than for a building amenity package
- A buyer with flexibility on timeline who can negotiate rather than compete against multiple offers
- A seller with a well-maintained, higher-spec unit who can support a premium price with unit-specific comparables
Probably not for
- A buyer who needs confirmed on-site amenities as part of the purchase decision
- A buyer expecting a fast, high-volume resale market with abundant recent comparables
- A seller expecting a quick sale without pricing flexibility given the current days-on-market pace
Homes For Sale Right Now in Park Residences Condo
Live MLS inventory for Park Residences Condo. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Park Residences Condo listings as of 2026-09-02, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2025 through 2026. Tap any home to ask about it.
The Park Residences Condo buying strategy.
If we were buying in Park Residences Condo today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Park Residences Condo.
What the price per square foot is really telling you
At roughly $1,550 per square foot, this building is priced well above a typical resale condo, which usually means larger-format finishes, higher-spec construction, or a location premium that the current MLS data does not itemize. Because the current snapshot lists no community amenities identified from MLS listings, that pricing is not being explained by a documented amenity package in this data. Buyers should confirm directly what is included in the building before assuming the price covers services or common facilities.
The median days on market of 104 suggests transactions here take longer to close than a fast-moving segment, which is common at this price point where the buyer pool is smaller and more deliberate. With only three closings feeding the current window, the median price and per-square-foot figure should be read as directional rather than a firm ceiling or floor. Anyone pricing a listing or building an offer here should pull unit-specific comparables rather than leaning on the building-wide median alone.
The location and the amenities are priced into every listing in Park Residences Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a building with a thin closing count and a wide per-square-foot spread, the median alone will not tell you what a specific unit is worth. We pull the actual comparable sales, verify what is and is not included in the listed amenities, and price or negotiate against real transaction data rather than a building-wide average.
Park Residences Condo in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Park Residences Condo buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Park Residences Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Park Residences Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Park Residences Condo home worth?
Get a no-obligation home value based on real comparable sales in Park Residences Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Park Residences Condo on the map →
Frequently Asked Questions
What is the median home price in Park Residences Condo?
How long do homes in Park Residences Condo take to sell?
Do cash buyers compete in Park Residences Condo?
Who is the best real estate agent for Park Residences Condo?
How do I find a top Miami Beach real estate agent who knows Park Residences Condo?
Can Momentum Realty connect me with an agent for Park Residences Condo?
Should you buy in Park Residences Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | MIAMI MLS closed sales, 12-month windows ending July 20, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-07-18 |
| Historical depth | Closed-sale records back to 2025 (3 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of MIAMI MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the MIAMI MLS member average and 8 days faster, and we’ll price yours against live your area comps.
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