Portofino Tower

What is actually inside the building

The Miami-Dade County Property Appraiser holds 217 folios at 300 South Pointe Drive under the Portofino Tower declaration, 216 of them residences. A further folio at the same address belongs to a different subdivision entirely and is excluded from every figure on this page.

This is a three-bedroom building more than anything else: 97 three-bedrooms, 86 two-bedrooms, 20 one-bedrooms, seven four-bedrooms, five five-bedrooms and one home the county records with nine. Heated area runs 1,090 to 8,400 square feet, with a median of 2,340.

Four floorplates carry most of it: 2,340 square feet (72 homes), 2,040 (57), 2,550 (22) and 1,960 (21).

The 2026 assessed values run $470,601 to $11,104,119, with a median of $2,037,330.

The price record

Qualified, arm’s-length sales from the county record, retrieved 21 August 2026.

Thirty-four qualified sales across four years in a 216-home building — about one home in twenty-five trading each year. That is low turnover for a building of this size, and it is the reason the rest of this page is more careful than most. The table is the 21 August 2026 pull; one more sale, on 24 July, was recorded after it, which makes 2026 seven sales at a median $3,100,000 and $1,520 per square foot, and the four-year count 35.

Two things in the record are solid, and they are worth having. The highest price ever recorded here is $11,000,000, on 29 December 2015, for a 5,680 square foot residence — $1,937 per square foot. More than ten years later it has not been beaten. The closest since is $9,500,000.

And there is one clean repeat sale, which is the most useful single data point on this page. The same 5,450 square foot home sold for $8,800,000 on 10 April 2023 and $9,500,000 on 23 January 2026 — up 8.0% in under three years. Same home, same folio, both qualified: no mix effect, no interpretation required.

Why I will not tell you which way this building is moving

Read the table above and 2026 looks like a strong recovery — $1,211 per square foot in 2025 up to $1,531. I do not believe that, and here is the evidence for why not.

These are the two deepest cohorts in the building — 129 of the 216 homes between them, 24 qualified sales — and they contradict each other in every single year. When the 2,340 plate fell in 2024, the 2,040 plate rose. When the 2,340 recovered in 2025, the 2,040 fell by more than a quarter. In 2026 they cross again.

That is not a market moving. That is a small number of transactions in a building where individual homes differ enormously — by floor, by line, by view, by whether anyone has touched the kitchen since 1997. Six sales a year across a 216-home tower cannot separate those things from price, and any figure I quoted as a trend would be an artifact of which three or four homes happened to sell.

So my honest reading is this: the county record shows Portofino Tower trading somewhere in the $1,200 to $1,550 per square foot range across the last four years, with no direction I can establish. The single best-supported statement available is the repeat sale in the section above — one home, up 8.0% between April 2023 and January 2026.

A page that refuses to draw a trend is more useful than one that invents one, and this is a building where a confident number would be the wrong answer delivered convincingly.

Who this building suits

It suits a buyer who wants a large three-bedroom in South of Fifth and is prepared to underwrite the specific home rather than the building. The median residence here is 2,340 square feet and 97 of the 216 are three-bedrooms — there is real family-sized stock at an address most people know.

It suits a buyer who wants comparables badly. One home in twenty-five trades each year, and the two largest floorplates have disagreed with each other for three years running. If you are relying on recent sales to tell you what to pay, this building will not give you a clean answer — and any agent who quotes you a confident per-foot figure here is quoting you three or four transactions.

What I would do instead is price the specific line and floor against the closest matches available, treat the $1,200 to $1,550 range as the boundary rather than the answer, and take the negotiation seriously. Low turnover cuts both ways: it means less competition when you buy, and a longer wait when you sell.

If you are selling here, be realistic about how long it may take. Six to twelve qualified sales a year across the whole tower means your home is competing for a small pool of buyers, and pricing off the strongest recent comparable in a scattered record is the most common way an owner ends up sitting on the market. Ask me for the actual comparables on your line before you set a number.

Interested in selling at Portofino Tower?

Learn more about selling your condo at Portofino Tower with Josh Stein.

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