Lumber Liquidators’ founder and CEO signed a contract to sell his waterfront Palm Island home in Miami Beach.
The deal is one of 16 contracts signed in Miami-Dade County between Oct. 13 and Oct. 19, according to the latest Eklund-Gomes 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 132 days on the market, on average.
Forty-four luxury listings were added to the market, for a total of 1,177 listings.
The previous week, buyers signed contracts for 16 properties in Miami-Dade, asking a combined $124.3 million.
The asking dollar volume for the ten single-family homes and six condos under contract last week totals $159.1 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 $10.2 million and spent an average of 127 days on the market. They total $101.9 million in asking dollar volume.
The priciest single-family home to secure a buyer is the waterfront home at 6380 North Bay Road in Miami Beach. Richard Lane, chairman emeritus of the New York-based Olnick Organization, and his wife, Barbara Lane, own the 4,500-square-foot, four-bedroom and four-and-a-half-bathroom house at 6380 North Bay Road. It’s on the market with Jill and Danny Hertzberg of the Jills Zeder Group at Coldwell Banker. The Lanes paid $9 million for the property in 2020. The house was built in 1951 on a 0.6-acre lot.
The second most-expensive house to go under contract last week is the waterfront 9,200-square-foot mansion at 16 Palm Avenue. A trust in the name of Tom Sullivan, founder and CEO of Lawrenceburg, Tennessee-based Lumber Liquidators, owns the 0.8-acre property on Palm Island in Miami Beach. It’s on the market with Venetian International’s Luis Bosch, asking $24.9 million. The six-bedroom, six-and-a-half-bathroom home was built in 1930. It previously sold for $11.5 million in 2008.
The condos that secured buyers last week have an average asking price of $9.6 million and spent 141 days on the market, on average. They total $57.5 million in asking dollar volume, or an average of $2,3723 per square foot.
A double-condo at the Continuum South Beach owned by the late Broadway producer Luigi Caiola and his husband, Sean McGill, found a buyer. Bill Hernandez and Bryan Sereny of Douglas Elliman’s Bill and Bryan Team are listing unit 2608/2609 at 100 South Pointe Drive in Miami Beach for $19.4 million. The 3,700-square-foot unit, with four bedrooms and five and a half bathrooms, also comes with a guest suite and two assigned parking spaces.
Last week in New York, buyers signed contracts for 30 homes, according to the latest Olshan report. Their combined asking price is $246 million, and the typical home spent 688 days on the market.
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