Last week EWM Realty International’s Riley Smith and Maria Loughlin of The Riley Smith Group announced the record breaking sale of Oceana Key Biscayne NO. 1101S for $7,350,000, the most expensive condo residence sold on Key Biscayne since 2015 (November 17, 2017). The unit spans 4,080 SF spread over 4 bedrooms, 7 full bathrooms and 1 half-bath. The residence also features 4 2,000 SF of wraparound terraces featuring breathtaking vies of the Atlantic Ocean, Biscayne Bay, Key Biscayne and the Miami skyline. Oceana Key Biscayne is located at 360 Ocean Drive and full-service amenities include 500' of beachfront, restaurant, full-service spa, 2 pools, tennis courts, valet, concierge and a putting green. Riley Smith and Maria Loughlin represented the buyer, while the seller was represented by Monica Defortuna of Fortune International Realty.

“Luxury buyers are out there, waiting on the sidelines, and they appreciate what Miami -- and Key Biscayne, in particular -- have to offer,” said Loughlin. “There’s a great deal of pent-up demand in this market. High-end buyers are looking for lucrative value as much as they are top-of-the-line features.”