A Canadian investor signed a contract to sell their penthouse at Icon South Beach, asking nearly $29 million, and a recently banned financial adviser found a buyer for his waterfront Miami home.
The pending deals are two of 22 luxury home contracts signed in Miami-Dade County between May 4 and May 11, according to the weekly report by Douglas Elliman’s Eklund-Gomes team.
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 an average of 212 days on the market.
Thirty-four luxury listings were added to the market, for a total of 1,231 listings.
The previous week, buyers signed 18 contracts for properties in Miami-Dade, asking a combined $146.3 million.
The asking dollar volume for the 13 single-family homes and nine condos under contract last week totals $248 million, according to the report published by the team led by Fredrik Eklund and John Gomes.
The single-family homes that entered into contract last week have an average asking price of $9.5 million and spent an average of 156 days on the market. They total $123.6 million in asking dollar volume.
Property records show ex-financial adviser Chuck A. Roberts, who last year was barred by the Financial Industry Regulatory Authority, secured a buyer for his waterfront Miami home at 761 Buttonwood Lane. Douglas Elliman’s Dina Goldentayer has the listing for the six-bedroom, six-and-a-half-bathroom house. The home, which spans 7,237 square feet, sits on a nearly half-acre lot. It’s asking $19.9 million. Roberts paid $16 million for the house in 2024.
Roberts was a managing director at Stifel Financial Corporation, who, at the time of his home purchase, faced more than a dozen pending customer disputes alleging breaches of fiduciary duty and negligence, according to his BrokerCheck report. Last year, Stifel agreed to settle three investor claims brought by Roberts’ former clients for more than $3 million, but the firm was on the hook for nearly $180 million in damages, legal fees and settlements tied to Roberts, according to Investment News.
The condos that secured buyers last week have an average asking price of $13.8 million and spent 294 days on the market, on average. They total $124.4 million in asking dollar volume, or an average of $3,550 per square foot.
At the top of the report is penthouse 1 at Icon South Beach, at 450 Alton Road in Miami Beach. Property records show a Canadian trust owns the seven-bedroom, nine-bathroom condo, with more than 9,000 square feet of interior space. The unit is on the market with Roland Ortiz and Eddie Martinez of One Sotheby’s International Realty, asking $28.9 million. Last week in New York, buyers signed contracts for 36 homes, according to Olshan Realty. Their combined asking price is nearly $271 million, and the typical home spent 369 days on the market.
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