The penthouse at Regalia, a luxury condo tower in Sunny Isles Beach, finally secured a buyer, topping luxury residential sales activity last week across Miami-Dade County.
Buyers signed nine contracts between Aug. 4 and Aug. 10, according to the latest Eklund-Gomes 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 111 days on the market, on average.
Thirty-one luxury listings were added to the market, for a total of 1,156 listings.
The previous week, buyers signed contracts for 12 properties in Miami-Dade, asking a combined $96.2 million.
The asking dollar volume for the seven single-family homes and two condos under contract last week totals $109.7 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 $10.6 million and spent an average of 126 days on the market. They totaled $73.9 million in asking dollar volume.
At the top of the pending single-family home sales inked last week is the contract signed for the waterfront home at 100 Golden Beach Drive in Golden Beach, asking $18.5 million with Alan Eskenazi of Miles Goldstein Real Estate. Property records show Johnny Grobman and Noemi Geller own the 7,755-square-foot, six-bedroom and five-and-a-half-bathroom house. It sits on 0.6 acres overlooking the Intracoastal Waterway. The house was built in 2004 and expanded in 2016.
Grobman is in federal prison. In 2022, he was sentenced to 220 months, or more than 18 years, for his role in a baby formula fraud scheme. A jury found him and others guilty in 2020 of conspiring to commit wire fraud; wire fraud; money laundering; conspiring to obtain pre-retail medical products worth $5,000 or more by fraud or deception, theft of pre-retail medical products; and smuggling goods from the United States, according to the Department of Justice. He’s on the hook for $142 million in restitution.
The condos that secured buyers last week had an average asking price of $17.9 million and spent 60 days on the market, on average. They totaled $35.8 million in asking dollar volume, or an average of $3,308 per square foot.
Penthouse 43 at Regalia, at 19575 Collins Avenue in Sunny Isles Beach, led the report. The 10,755-square-foot, six-bedroom and six-and-a-half-bathroom condo is on the market with Danny Hertzberg of the Jills Zeder Group at Coldwell Banker for $19.9 million. The two-story penthouse includes a rooftop pool, 500-bottle wine cellar and its own movie theater. The developers lost the unit when it was sold via auction for $20.5 million in 2022. At one point, it was on the market for $33.9 million.
Last week in New York, buyers signed contracts for 22 homes, according to the latest Olshan report. Their combined asking price was $283.6 million, and the typical home spent 649 days on the market.
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