A waterfront condo building in North Bay Village asking $25 million secured a buyer, topping last week’s signed contracts report in Miami-Dade County.
The 15-unit Adagio condo at 7939 East Drive is being marketed as a gut-renovation opportunity for a buyer to then re-list the units for sale. The building is listed with Compass agent Andy Daro, who is also a commissioner for the city. Property records show a company owned by Torres Properties owners Brooke and Christian Torres, owns the 15-story building. Torres Properties also owns and operates mobile home and RV resort communities.
Eight contracts were marked in the Multiple Listing Service between Jan. 6 and Jan. 12, in yet another slow week. The report tracks listings of properties asking $4 million and up in Miami-Dade.
The asking dollar volume for the three single-family homes and five condos totals nearly $121.7 million, according to the report, which is authored by the Douglas Elliman star-studded team led by Fredrik Eklund and John Gomes.
The single-family homes that entered into contract last week had an average asking price of about $17.2 million and spent an average of 157 days on the market. They totaled $51.6 million in asking dollar volume.
The priciest single-family home to enter into contract is the two-story, six-bedroom Mediterranean-style waterfront house at 4810 North Bay Road in Miami Beach. The property, owned by socialite Ann Barish, was previously in contract to a different buyer. It’s asking $22.5 million with Jill Eber of The Jills Zeder Group at Coldwell Banker. Barish is married to Planet Hollywood co-founder and film producer Keith Barish.
The condos that secured buyers last week had an average asking price of $5.8 million and spent about 170 days on the market, on average. They totaled $70 million in asking dollar volume.
The previous week, buyers signed contracts for 10 properties in Miami-Dade, asking a combined $72.8 million.
Last week in New York, buyers signed contracts for 25 homes, according to the latest Olshan report. Their combined asking price was $219 million, and the typical home spent 899 days on the market.
