French retail mogul finds buyer for waterfront Venetian Islands home

French retail mogul finds buyer for waterfront Venetian Islands home


French commercial real estate investor Nicolas Chambon is bidding adieu to his waterfront Miami Beach home, asking $29.5 million. 

Chambon’s pending sale topped last week’s Eklund-Gomes report. 

Buyers signed 22 contracts for luxury properties in Miami-Dade County between May 26 and June 1, according to the report, which tracks listings of homes and condos asking $4 million and up in Miami-Dade that are included in the Multiple Listing Service. The properties spent about 131 days on the market, on average. 

Thirty luxury listings were added to the market, for a total of 1,270 listings. Luxury inventory has been falling on a weekly basis. 

The previous week, buyers signed contracts for 14 properties in Miami-Dade, asking a combined $107.8 million.

The asking dollar volume for the 13 single-family homes and nine condos under contract last week totals $177.2 million, according to the report, which is authored by the Douglas Elliman team led by Fredrik Eklund and John Gomes. 

The single-family homes that entered into contract last week had an average asking price of $8.9 million and spent an average of 121 days on the market. They totaled $115.5 million in asking dollar volume. 

Chambon signed a contract to sell the five-bedroom, six-and-a-half-bathroom house at 220 West Dilido Drive on the Venetian Islands in Miami Beach. The 6,084-square-foot house was built on a quarter of an acre and completed last year, records show. He paid $5.9 million for the property in 2018. 

The house is on the market with Serhant’s Mariana Niro. The property was listed for sale in November for $33 million, and the price was reduced in March to its current asking price of $29.5 million. Chambon is president of the French commercial real estate firm Socri and is a partner in two franchise locations for Galeries Lafayette, a French department store, according to the Wall Street Journal. 

The condos that secured buyers last week had an average asking price of $6.8 million and spent 146 days on the market, on average. They totaled $61.8 million in asking dollar volume, or an average of $2,042 per square foot.

Estates at Acqualina unit 1701, at 17975 Collins Avenue in Sunny Isles Beach, led last week’s pending condo sales. The 4,780-square-foot, five-bedroom and six-and-a-half-bathroom condo is on the market for $12.1 million. Douglas Elliman’s Yansy Checa has the listing. 

Last week in New York, buyers signed contracts for 29 homes, according to the latest Olshan report. Their combined asking price was $288.5 million, and the typical home spent 443 days on the market.

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