Billionaire Russell Weiner secured a buyer for his waterfront home on North Bay Road that Keith Menin gut-renovated and recently listed for sale.
The deal is one of 13 contracts signed in Miami-Dade County between Oct. 20 and Oct. 26, 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 85 days on the market, on average.
Twenty-two luxury listings were added to the market, for a total of 1,184 listings.
The previous week, buyers signed contracts for 16 properties in Miami-Dade, asking a combined $159.1 million.
The asking dollar volume for the eight single-family homes and five condos under contract last week totals $103 million, according to the report published by the Douglas Elliman team led by Fredrik Eklund and John Gomes.
The single-family homes that entered into contract last week have an average asking price of $9 million and spent an average of 77 days on the market. They total $71.9 million in asking dollar volume.
Menin renovated the 0.3-acre property at 5300 North Bay Road into the Mediterranean-modern style his company, Menin Homes, uses. The property includes a four-bedroom, four-and-a-half-bathroom main house, a detached three-bedroom and three-bathroom guest house, a garage, Jacuzzi, pool and outdoor kitchen. The home is asking $32.5 million with One Sotheby’s International Realty agents Marko Gojanovic, Reid Heidenry and Roberto Quiroz, who are with MR Luxury Group. Though Menin is listed as the owner, Weiner is the true owner, he confirmed to The Real Deal earlier this year.
Weiner made his fortune with the $3.9 billion sale of Rockstar Energy to PepsiCo in 2020.
The condos that secured buyers last week have an average asking price of $6.2 million and spent 98 days on the market, on average. They total $31.1 million in asking dollar volume, or an average of $2,002 per square foot.
Penthouse 1617 at 1 Hotel & Homes, at 102 24th Street in Miami Beach, led the condo component of the report. The three-bedroom, three-and-a-half-bathroom condo spans 2,538 square feet. It’s on the market with Compass agent Luis Gonell for nearly $8 million, or $3,132 per square foot. Property records show an affiliate of Dallas, Texas-based Westdale Properties owns the unit.
Last week in New York, buyers signed contracts for 31 homes, according to the latest Olshan report. Their combined asking price is $334.2 million, and the typical home spent 558 days on the market.
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