Newly signed contracts rose in Miami-Dade County last week, led by the pending sale of a waterfront Miami Beach spec mansion asking $67 million.
Fifteen contracts were signed last week for properties asking more than $4 million, according to the Eklund-Gomes report. That’s six more contracts than the week before. The properties that went under contract for the week of April 22 to April 28 totaled $170.3 million in asking dollar volume, up from about $104 million the week prior.
Eleven of the contracts are for single-family homes, and four are for condos.
The top contract is for the 15,000-square-foot, seven-bedroom waterfront mansion at 98 La Gorce Circle on Miami Beach’s La Gorce Island. Philippe Harari’s Aquablue Group recently completed the spec home, which sits on a 0.8-acre lot with 172 feet of water frontage. Mirce Curkowski of One Sotheby’s International Real Estate is the listing agent. The property hit the market in December 2022, before the home was completed, for $75 million. The price was reduced two weeks ago.
The most expensive condo to go into contract last week was unit 512 at Ritz-Carlton Residences, Miami Beach, at 4701 North Meridian Avenue. It’s asking $8.9 million. Leticia Silveyra of One Sotheby’s International Realty has the listing. The four-bedroom, four-and-a-half-bathroom condo spans about 4,200 square feet. It was listed for $9.1 million earlier this year and returned to the market in March at the reduced price.
Property records show a Delaware entity managed by Ernesto Torres Cantú, Citi’s head of international, paid $5.5 million for the condo in 2019.
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The report, based on signed contracts recorded in the Multiple Listing Service, mirrors Donna Olshan’s luxury contracts report that covers Manhattan’s weekly dealings. Twenty nine contracts were signed in Manhattan last week for a total of $263.5 million in asking dollar volume.
In Miami-Dade County, the single-family homes that went into contract spent an average of 171 days on the market, while condos spent about 112 days on the market before finding buyers.