The Asking Price Is Not Always The Final Price
Villazzo Realty Market Insights
The Asking Price Is Not Always The Final Price
Recent closed sales across the Venetian, Palm, Hibiscus, and Sunset Islands show buyers negotiating an average of 8.3% below asking price, with select closes trading as much as 19% under ask.
The gap varies sharply by island: San Marco and Sunset Islands have shown some of the tightest margins, while Hibiscus, Biscayne, and Palm Island have offered more room to negotiate.
For the right buyer, strategy and island selection matter as much as the listing price itself.
Where Buyers Found The Most Room
The island-by-island view shows how differently closed-sale negotiations can behave, even within a tightly defined waterfront market. Hibiscus Island, Biscayne Island, and Palm Island showed the greatest average discounts from asking, while San Marco Island and Sunset Islands showed some of the tightest margins.
The Closed Sales Behind The Insight
The chart below reflects the closed-sale set reviewed for this market note, including list price, sold price, dollar discount, and percentage off ask.
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