Art collector and Coca-Cola bottling mogul Carlos de la Cruz Sr. entered into a contract to sell his waterfront Key Biscayne mansion asking $26 million, leading the latest Eklund-Gomes report.
Buyers signed a dozen contracts for luxury properties in Miami-Dade County between June 30 and July 6, 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 95 days on the market, on average.
Twenty-seven luxury listings were added to the market, for a total of 1,190 listings. Luxury inventory has continued to drop on a weekly basis.
The previous week, buyers signed contracts for 14 properties in Miami-Dade, asking a combined $123.5 million.
The asking dollar volume for the eight single-family homes and four condos under contract last week totals $140.4 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 $13.4 million and spent an average of 57 days on the market. They totaled $107.4 million in asking dollar volume.
De la Cruz Sr. and his late wife, Rosa, collected contemporary art together. He owns the De la Cruz Collection and built a business manufacturing, bottling and distributing Coca-Cola products and other non-alcoholic beverages in Puerto Rico, called Coca-Cola Puerto Rico Bottlers. His 10,926-square-foot mansion at 5 Harbor Point in Key Biscayne is on the market with Brigitte de Langeron of DLS International Realty. The three-bedroom, four-and-a-half-bathroom home sits on a 0.7-acre property.
The condos that secured buyers last week had an average asking price of $8.2 million and spent 172 days on the market, on average. They totaled $33 million in asking dollar volume, or an average of $2,518 per square foot.
A penthouse at Grove at Grand Bay, at 2669 South Bayshore Drive in Miami, led the condo component of the report. The five-bedroom, five-and-a-half-bathroom unit is asking $14.4 million with Judy Zeder of the Jills Zeder Group at Coldwell Banker. It spans nearly 5,000 square feet.
Last week in New York, buyers signed contracts for 18 homes, according to the latest Olshan report. Their combined asking price was $177.9 million, and the typical home spent 986 days on the market.
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