EWM’s Riley Smith And Maria Loughlin Close Record $7.350M Sale In Key Biscayne’s Oceana Condominium

11/19/17

Transaction of the 4,000SF+ unit ranks as the highest sale price paid for a condominium residence on Key Biscayne since 2015

EWM Realty International’s Riley Smith and Maria Loughlin of The Riley Smith Group announced today the $7,350,000 sale of 360 Ocean Drive, No. 1101S, a 4,080-square-foot condominium in the Oceana tower. The contemporary-style home, which looks directly out over the Atlantic Ocean, garnered the highest sale price of any condominium residence on Key Biscayne since 2015. The buyers, who were undisclosed, are from the U.S.

“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.”

Comprising four bedrooms and seven and one half-baths, the sprawling home has more than 2,000 square feet of wraparound terraces, offering sweeping views of the ocean as well as Biscayne Bay, Key Biscayne and City of Miami. Full-service and amenity-rich, the Oceana tower has 500 feet of beachfront as well as a restaurant, spa, two pools, tennis courts, valet and concierge services, and a putting green.

Riley Smith and Maria Loughlin represented the buyer, while the seller was represented by Monica Defortuna of Fortune International Realty. For additional information, contact Maria Loughlin at 305.960.2400, or email maria@rileysmithgroup.com.

About EWM

Founded in 1964, EWM Realty International (EWM) is one of the largest real estate services firms in America. The full-service firm has 10 locations spread through Miami-Dade and Broward counties. EWM offers residential and commercial real estate services, corporate relocation, and international services, as well as home mortgage and title closing services through affiliated companies HomeServices Lending, LLC and Columbia Title of Florida.

EWM is the exclusive Miami-Dade and Broward Counties affiliate for Christie’s International Real Estate (CIRE), the leading and largest network of luxury, independent, real estate firms in the world, and a subsidiary of Christie's International PLC, the London-based art auction company founded in 1766. With more than 30,000 real estate professionals operating from 47 countries, the affiliate members of Christie’s market the finest residences around the globe. In addition to Christie’s, EWM is one of the principal owners of the Leading Real Estate Companies of the World (Leading RE), the nation’s largest real estate referral network, comprising more than 500 real estate firms and 140,000 associates marketing residential properties in 30 countries. Through joint alliances with their member firms, Leading RE provides home buying and selling services to families and individuals relocating throughout the world. EWM is also a member of the luxury division of Leading RE, Luxury Portfolio, which is a collection of 200 firms focused on the marketing of luxury properties throughout 28 countries.

EWM is a wholly owned subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate. HomeServices is the second-largest full-service independent residential real estate brokerage firm, and the largest settlement services provider, in the U.S. Through its affiliation with HomeServices of America, EWM is part of a real estate family of 25,000 sales associates spanning 21 states. For additional information, visit www.ewm.com.

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