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South Florida
Coconut Grove penthouse tops Miami-Dade luxe weekly contracts
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Pending sale of game publisher’s $33M waterfront Hibiscus Island house tops last week’s signed contracts in Miami-Dade
$20M penthouse at Ritz-Carlton Residences, Miami Beach was priciest condo to find a buyer
A waterfront home on Miami Beach’s Hibiscus Island asking $33.5 million went into contract last week, marking the priciest property to do so last week in Miami-Dade County.
Real estate investor and game publisher Kevin Segalla and his wife, Michele Segalla, own the seven-bedroom, seven-and-a-half-bathroom home at 320 South Hibiscus Drive. The 7,818-square-foot house is listed with Jill Hertzberg, Jill Eber and Danny Hertzberg of The Jills Zeder Group at Coldwell Banker. The Segallas paid $29 million for the property in 2022.
The pending sale is at the top of the Eklund-Gomes luxe signed contracts report, which tracks properties priced at $4 million and above. Buyers signed 20 contracts during the week of May 13 to May 19. The properties are asking a combined $199.2 million, up from the week before. Seven condo contracts and 13 single-family home contracts were signed, according to the report, authored by the Douglas Elliman team.
The second most-expensive contract of the week was for a nearly $20 million penthouse at Ritz-Carlton Residences, Miami Beach. The four-bedroom, four-bathroom, 5,936-square-foot condo is listed with Coldwell Banker’s Grace Dieterich. A company owned by James and Amy Dieterich paid $15 million for the unit in 2021, property records show.
The single-family homes priced at $4 million and up that went into contract last week spent 118 days on the market on average before securing buyers. The asking dollar volume for those homes totaled $137.5 million.
The luxury condos that entered into contracts were on the market for an average of 139 days, and averaged $2,227 per square foot. The total dollar asking volume for the condos was $61.7 million.
In New York, buyers signed contracts for 23 homes last week, according to the Olshan report. The homes’ combined asking price was $207.9 million, and the typical home spent 859 days on the market.
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