Canadian businessman Stan Bharti found a buyer for his waterfront mansion on North Bay Road in Miami Beach, asking $36 million.
The pending sale tops last week’s Eklund-Gomes report, which tracks listings of homes and condos asking $4 million and up in Miami-Dade County that are included in the Multiple Listing Service. Buyers signed 14 contracts between April 14 and April 20. The properties spent about 122 days on the market, on average.
Forty-two luxury listings were added to the market, for a total of 1,370 listings.
The asking dollar volume for the seven single-family homes and seven condos under contract last week totals $131.8 million, according to the report, which is authored by the Douglas Elliman team led by Fredrik Eklund and John Gomes.
At the top of the report is the 12,800-square-foot estate at 5004 North Bay Road. Records show a company managed by Bharti, who founded the Toronto-based merchant bank Forbes & Manhattan, owns the half-acre property. The eight-bedroom, seven-and-a-half-bathroom home is on the market with Bill Hernandez and Bryan Sereny of Douglas Elliman’s Bill and Bryan Team. Chicken Kitchen founder Christian de Berdouare and his wife, former TV journalist Jennifer Valoppi, sold the property to Bharti in 2021 for $29.5 million.
The single-family homes that entered into contract last week had an average asking price of $10.2 million and spent an average of 132 days on the market. They totaled $71.5 million in asking dollar volume.
The condos that secured buyers last week had an average asking price of $8.6 million and spent 112 days on the market, on average. They totaled $60.3 million in asking dollar volume, or $2,985 per square foot.
The priciest condo to secure a buyer last week is a double unit at Continuum South Beach, at 100 South Pointe Drive in Miami Beach. A company managed by oil industry recycling business executive Steven Lempera owns the five-bedroom, 4,776-square-foot double condo. Unit 2504/2503 connects via a wraparound terrace, according to the listing. Eddy Martinez and Roland Ortiz of One Sotheby’s International Realty’s Worldwide Group are listing the unit for $19.3 million.
The previous week, buyers signed contracts for 14 properties in Miami-Dade, asking a combined $136.7 million.
Last week in New York, buyers signed contracts for 33 homes, according to the latest Olshan report. Their combined asking price was $232.2 million, and the typical home spent 435 days on the market.
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