A penthouse at Park Grove in Miami’s Coconut Grove and a waterfront home on the Venetian Islands topped last week’s signed contracts report during Miami Art Week.
Though the combined dollar volume of luxury pending deals rose in Miami-Dade County compared to the previous week, the number of deals fell.
Eleven contracts were marked in the Multiple Listing Service between Dec. 2 and Dec. 8, according to the Eklund-Gomes report, which tracks listings of properties asking $4 million and up in Miami-Dade.
The asking dollar volume for the six single-family homes and five condos totals nearly $127 million, according to the report, which is authored by the Douglas Elliman mega team led by Fredrik Eklund and John Gomes.
Penthouse A at One Park Grove, at 2811 South Bayshore Drive, is the priciest residential property to nab a buyer last week. Records show a trust in Deepak Abbhi’s name owns the unit, which has five bedrooms and six and a half bathrooms. Abbhi is founder and CEO of his family’s foundation and he founded and previously led ArisGlobal, a drug development software company.
Judy Zeder of the Jills Zeder Group at Coldwell Banker has the listing for the penthouse, which is asking $24.9 million. A spokesperson for Zeder declined to comment. It’s being marketed as a 7,403-square-foot unit, though the square footage listed on the property appraiser differs.
Billionaire condo developer Jorge Pérez and his wife Darlene Pérez live in a penthouse in the same tower. Pérez’s Related Group, which has its headquarters nearby, co-developed Park Grove with Terra.
The most expensive single-family home to enter into contract last week is the waterfront house at 845 East Dilido Drive on Miami Beach’s Venetian Islands, asking $19.9 million. It is listed by Jill, Danny and Hillary Hertzberg of the Jills Zeder Group. The 6,081-square-foot, five-bedroom and six-and-a-half-bathroom home secured a buyer following a $5 million price reduction. It sits on a third of an acre.
The seller is Daniel R. Lewis, a son of Progressive co-founder Joseph M. Lewis and brother of the company’s former chairman and CEO, the late Peter B. Lewis.
The single-family homes that entered into contract last week had an average asking price of about $11.9 million and spent an average of 176 days on the market. They totaled $71.4 million in asking dollar volume.
The condos had a combined asking price of $55.5 million and spent an average of about 120 days on the market. They averaged about $3,400 per square foot.
The previous week, buyers signed contracts for 13 properties in Miami-Dade, asking a combined $104.3 million.
Last week in New York, buyers signed contracts for 34 homes, according to the latest Olshan report. Their combined asking price was $317.4 million, and the typical home spent 568 days on the market. Eklund-Gomes models its reports after Donna Olshan’s report.
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