A private equity investor found a buyer for his condo asking $19.8 million at the Four Seasons-branded development in Surfside, leading the Eklund-Gomes report.
Buyers signed 14 contracts for luxury properties in Miami-Dade County between June 23 and June 29, according to the 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. The properties spent about 146 days on the market, on average.
Thirty-seven luxury listings were added to the market, for a total of 1,227 listings. Luxury inventory has been dropping on a weekly basis, though more recently, inventory has declined by just one listing.
The previous week, buyers signed contracts for 17 properties in Miami-Dade, asking a combined $201.7 million.
The asking dollar volume for the five single-family homes and nine condos under contract last week totals $123.5 million, according to the report, which is authored by the Douglas Elliman team led by Fredrik Eklund and John Gomes.
The condos that secured buyers last week had an average asking price of $10.3 million and spent 139 days on the market, on average. They totaled $92.4 million in asking dollar volume, or an average of $2,585 per square foot.
Unit 719 in the north tower at Four Seasons Residences at the Surf Club, at 9111 Collins Avenue in Surfside, led the report. The 3,370-square-foot oceanfront condo, with three bedrooms and four bathrooms, is on the market with Douglas Elliman’s Ruthie Assouline of the Assouline Team, and Bespoke Real Estate’s Zachary Vichinsky. The asking price breaks down to $5,861 per square foot.
Property records show a trust in the name of David L. Cohen paid nearly $7 million for the condo in 2018. Cohen is co-president, co-CEO and co-CIO of New York-based Off Road Capital Partners. He was also a co-founder of Connecticut-based Iridian Asset Management.
The single-family homes that entered into contract last week had an average asking price of $6.2 million and spent an average of 160 days on the market. They totaled $31.1 million in asking dollar volume.
A Coral Gables spec home built by Poinciana Homes, led by Manuel Larrieu and Manuel Larrieu II, marked the priciest home to enter into contract last week. The non-waterfront, six-bedroom and seven-and-a-half-bathroom house at 6900 Granada Boulevard is on the market for $10.5 million with Maria Larrieu of Poinciana Properties. An affiliate of Poinciana Homes owns the 0.4-acre property. The house spans 5,882 square feet.
Last week in New York, buyers signed contracts for 27 homes, according to the latest Olshan report. Their combined asking price was $215.6 million, and the typical home spent 406 days on the market.
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