Two waterfront homes in Miami Beach and Coral Gables, each asking nearly $20 million, topped last week’s signed contracts report in Miami-Dade County, marking a weekly jump following Art Basel.
Nineteen contracts were marked in the Multiple Listing Service between Dec. 9 and Dec. 15, according to the Eklund-Gomes report, which tracks listings of properties asking $4 million and up in Miami-Dade.
The asking dollar volume for the 12 single-family homes and seven condos totals $154.1 million, according to the report, which is authored by the Douglas Elliman mega team led by Fredrik Eklund and John Gomes. Last week marked one of the most active in terms of new contracts signed since the team began compiling the reports in April.
The most-expensive home to enter into contract is the five-bedroom, five-and-a-half-bathroom house at 6580 Allison Road in Miami Beach, asking $19.9 million. It’s on the market with Rachel Bennett and Enzo Rosani of Barnes International Realty. The two-story 6,924-square-foot Allison Island house was built in 2001 on a 0.4-acre lot. It includes a movie theater, home gym, pool and sauna. Records show a Florida LLC managed by a Wyoming entity paid nearly $17 million for the home in 2023.
The second most expensive property to nab a buyer last week is the new Cocoplum estate at 291 Costanera Road in Coral Gables, asking $19.8 million. The 9,862-square-foot, six-bedroom and seven-and-a-half-bathroom home is listed with Matthew Martinez of Beacon Hill Property Group. Martinez is also the registered agent for the mansion, which is either nearly completed or was recently completed. The property includes 100 feet of water frontage, a pool, a 48-foot dock, outdoor kitchen and more.
The single-family homes that entered into contract last week had an average asking price of about $8.5 million and spent an average of 97 days on the market. They totaled $102 million in asking dollar volume.
The condos had a combined asking price of $52 million and spent an average of about 221 days on the market. They averaged $1,705 per square foot.
The previous week, buyers signed contracts for 11 properties in Miami-Dade, asking a combined nearly $127 million.
Last week in New York, buyers signed contracts for 31 homes, according to the latest Olshan report. Their combined asking price was $262 million, and the typical home spent 549 days on the market. Eklund-Gomes models its reports after Donna Olshan’s report.
Read more
Residential
South Florida
Concierge service: How real estate is courting Art Basel Miami Beach buyers
Residential
South Florida
Coconut Grove PH asking $25M and Progressive heir’s Miami Beach home top signed contracts report during Art Basel