Real estate investor Rafael Perez secured a buyer for his waterfront Gables Estates mansion, asking $47 million.
The pending sale led last week’s Eklund-Gomes report.
Buyers signed 25 contracts for luxury properties in Miami-Dade County between June 9 and June 15, according to the 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 about 161 days on the market, on average.
Twenty-eight luxury listings were added to the market, for a total of 1,229 listings. Luxury inventory has been dropping on a weekly basis.
The previous week, buyers signed contracts for 19 properties in Miami-Dade, asking a combined $268 million.
The asking dollar volume for the 14 single-family homes and 11 condos under contract last week totals $274.8 million, according to the report, which is authored by the Douglas Elliman team led by Fredrik Eklund and John Gomes.
The single-family homes that entered into contract last week had an average asking price of $11.7 million and spent an average of 173 days on the market. They totaled $164 million in asking dollar volume.
Perez’s 12,500-square-foot home at 33 Arvida Parkway in Coral Gables is listed with One Sotheby’s International Realty’s Dennis Carvajal. The seven-bedroom, seven-and-a-half-bathroom home sits on a 0.8-acre lot with 225 feet of water frontage, a four-car garage, dock and boat lift, bayfront pool and summer kitchen, according to the listing. The Gables Estates home was built in 2004.
The condos that secured buyers last week had an average asking price of $10.1 million and spent 146 days on the market, on average. They totaled $110.7 million in asking dollar volume, or an average of $2,695 per square foot.
A lower penthouse at Five Park in Miami Beach, at 500 Alton Road, led the condo component of the report. The four-bedroom, six-and-a-half-bathroom condo spans 5,888 square feet of interior space with a 1,868-square-foot terrace. It’s asking $20 million with Douglas Elliman’s Chris Wands and Charlotte Maietto.
Last week in New York, buyers signed contracts for 37 homes, according to the latest Olshan report. Their combined asking price was $331.7 million, and the typical home spent 737 days on the market.
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