Aventura is a 20-year-old city with more than 37,000 residents that is best known for a megamall, a golf resort and some of the most reasonably priced condos units east of Interstate 95 in northeast Miami-Dade County.
Located on the mainland just west of the high-priced barrier island city of Sunny Isles Beach, Aventura has traditionally served as an outpost for Miami-Dade residents who want close proximity — without the price tag — to some of South Florida’s best restaurants, retailers and sand located across the Intracoastal Waterway.
To date, developers have announced 16 new condo towers with more than 2,500 units in the Aventura area that stretches from the Broward County line south to 163rd Street, and the Intracoastal Waterway west to I-95 as of March 20.
The current minimum price per square foot on a mean basis in Aventura is nearly $590 with some 71 percent of the nearly 1,300 currently available for purchase already under contract.
Besides the number of new condo towers in the pipeline for northeast Miami-Dade, it is important to consider that nearly 1,200 condo units in Aventura are currently on the resale market at an average asking price of less than $335 per square foot as today, according to data from the Southeast Florida MLXchange.
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