A buyer signed a contract to purchase a waterfront Coconut Grove estate that was previously asking $135 million, and is now on the market for $115 million.
The pending deal marks the most expensive of 19 contracts signed in Miami-Dade County between Dec. 15 and Dec. 21, according to the latest Eklund-Gomes report. It 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 104 days on the market, on average.
Forty-five luxury listings were added to the market, for a total of 1,313 listings.
The previous week, buyers signed 20 contracts for properties in Miami-Dade, asking a combined $1259.3 million.
The asking dollar volume for the 11 single-family homes and eight condos under contract last week totals $305 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 $20.4 million and spent an average of 73 days on the market. They total nearly $224 million in asking dollar volume.
At the top is Banyan Ridge, a 4.5-acre waterfront compound at 3585 Anchorage Way in Miami. It’s listed with Danny Hertzberg, Jill Hertzberg, Nathan and Judy Zeder of the Jills Zeder Group at Coldwell Banker. The seller is the estate of the late prominent Miami restaurateur Jonathan Lewis, and the sale is expected to surpass a recent $100 million-plus lot deal in Coconut Grove by billionaire Jorge Mas. Lewis’ father was Peter B. Lewis, the former chairman and CEO of Progressive Insurance Company.
The property includes a 4,100-square-foot, three-bedroom house that was built for former Secretary of State William Jennings Bryan; and a 5,300-square-foot, four-bedroom home built for Peter Lewis.
The condos that secured buyers last week have an average asking price of $10.1 million and spent 147 days on the market, on average. They total $81.2 million in asking dollar volume, or an average of $2,525 per square foot.
Andrew Zaro’s purchase of a lower penthouse at Palazzo Del Sol on Fisher Island topped the condo component of the report. The sale was recorded on the Multiple Listing Service at $36 million, which included furniture, but the deed was recorded for just over $35 million. The sale marks the priciest condo trade on Fisher Island this year. Zaro is a member of the family behind Zaro’s Bakery in New York.
The 9,800-square-foot seven-bedroom unit traded between $3,600 per square foot and nearly $3,800 per square foot. Pierre Brondeau, executive chairman of FMC Corp., a Philadelphia-based agricultural sciences company, and his wife Melissa Brondeau sold the lower penthouse. Dora Puig of Luxe Living Realty represented the sellers in their latest deal. Jorge Escasena of Luxury Living Realty — unrelated to Puig’s firm — represented the buyer.
Last week in New York, buyers signed contracts for 21 homes, according to the latest Olshan report. Their combined asking price is $137.3 million, and the typical home spent 639 days on the market.
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