Telecom CEO’s Brickell penthouse asking M tops signed resi contracts

Telecom CEO’s Brickell penthouse asking $37M tops signed resi contracts


A Brickell penthouse asking $36.9 million went under contract last week in a deal that will likely set a record for condo sales in the Miami neighborhood. 

Penthouse 56 at Echo Brickell, at 1451 Brickell Avenue, topped Eklund-Gomes’ residential signed contracts report covering luxury listings in Miami-Dade County. Greg Kiley, chairman and CEO of Ohio-based Velocity, bought the unit for an undisclosed amount in 2020, records show.

Compass agent Chad Carroll had the listing.

The 11,000-square-foot, five-bedroom and seven-and-a-half-bathroom condo comes with six parking spaces, two storage units, an indoor sky pool and 28-foot ceilings, according to the listing. The two-story Brickell penthouse was listed about nine months ago. PMG and JDS Development Group completed the tower in 2017. 

The pending sale is one of 11 contracts marked in the Multiple Listing Service between Oct. 14 and Oct. 20, according to the 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 $103 million, according to the report. Three of the condos are at the St. Regis Bal Harbour. 

The top single-family home to secure a buyer is the Coconut Grove spec home at 3800 Crawford Avenue, which is on the market for nearly $9 million, also with Compass’ Carroll. The five-bedroom, six-bathroom house was built this year. It spans 5,750 square feet on a 0.2-acre lot. The lot last sold in 2017 for $790,000, records show. 

The single-family homes that entered into contract last week had an average asking price of about $6 million and spent 131 days on the market. They totaled $36.6 million in asking dollar volume.

The condos had a combined asking price of $13.3 million and spent about 263 days on the market. They averaged nearly $2,700 per square foot. 

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The previous week, buyers signed contracts for seven properties in Miami-Dade County, asking a combined $69.7 million.

Last week in New York, buyers signed contracts for 19 homes, according to the latest Olshan report. Their combined asking price was $144 million, and the typical home spent 606 days on the market. Eklund-Gomes’ reports are modeled after Donna Olshan’s report that tracks new deals in Manhattan.





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