The estate of a late Bal Harbour condo developer who built towers that include the Kenilworth and Bellini secured a buyer for his waterfront home in the same town. And developer Robert Rivani also entered into a contract to sell a Palm Island home.
The pending deal for the Bal Bay Drive home, asking nearly $30 million, topped last week’s signed contracts report in Miami-Dade County.
It’s one of 21 luxury home contracts signed countywide between April 13 and April 19, according to the latest Eklund-Gomes report.
The report 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 147 days on the market, on average.
Forty seven luxury listings were added to the market, for a total of 1,257 listings.
The previous week, buyers signed 17 contracts for properties in Miami-Dade, asking a combined $220.4 million.
The asking dollar volume for the 13 single-family homes and eight condos under contract last week totals $236.4 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 $12.7 million and spent an average of 127 days on the market. They total $165.1 million in asking dollar volume.
A trust in John Lang Looby’s name is selling the 3,500-square-foot teardown at 220 Bal Bay Drive in Bal Harbour. Looby, who died in 2015, also built single-family homes. His nearly half-acre property is on the market with Coldwell Banker’s Monica Betancourt. Looby also owned the home next door, which is now owned by his longtime partner.
The second priciest home to enter into contract last week is the waterfront property at 16 Palm Avenue on Palm Island in Miami Beach. Developer Robert Rivani has the home listed for $27.5 million with Douglas Elliman’s Dina Goldentayer. Rivani paid $23 million for the 0.8-acre property in November and planned a multimillion-dollar renovation of the 9,200-square-foot mansion.
The condos that secured buyers last week have an average asking price of $8.9 million and spent 178 days on the market, on average. They total $71.3 million in asking dollar volume, or an average of $2,949 per square foot.
Last week in New York, buyers signed contracts for 39 homes, according to the latest Olshan report. Their combined asking price is more than $371 million, and the typical home spent 738 days on the market.
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