The priciest properties to enter into contract last week in Miami-Dade County included a condo on Fisher Island and a waterfront home on the Venetian Islands.
Unit 5311 at Bayview Fisher Island, asking $16.5 million, topped the Eklund-Gomes luxe signed contracts report, which tracks properties priced at $4 million and above. Jill Eber of The Jills Zeder Group at Coldwell Banker is the listing agent for the 6,881-square-foot condo, which has four bedrooms and four bathrooms. It hit the market in mid-May.
Buyers signed 19 contracts during the week of May 20 to May 26, just one fewer compared to the week before. The properties are asking a combined $143.2 million, down from $199.2 million combined dollar volume the week before. Five condo contracts and 14 single-family home contracts were signed, according to the report, authored by the Douglas Elliman team.
The second most expensive listing to secure a buyer is the waterfront home at 247 East Rivo Alto Drive on the Venetian Islands in Miami Beach. The 5,292-square-foot, six-bedroom, six-and-a-half-bathroom house is on the market with Douglas Elliman agent Jackson Keddell for $16.3 million. It was listed in March for $17.2 million, and the price was reduced in April.
Property records show a trust owned by Brad Garringhouse, CEO of the blockchain platform Ripple, paid $16.7 million for the home last year. The current asking price is below that, but it’s unclear if it will trade for less than the amount Garringhouse’s trust paid.
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The single-family homes priced at $4 million and up that went into contract last week spent 93 days on the market on average before securing buyers. The asking dollar volume for those homes totaled $97.3 million.
The luxury condos that entered into contracts were on the market for an average of 198 days, and averaged $2,000 per square foot. The total dollar asking volume for the condos was nearly $45 million.
In New York, buyers signed contracts for 30 homes last week, according to the Olshan report. Their combined asking price was $277 million, and the typical home spent 891 days on the market.