Fisher Island condo, tech CEO’s waterfront house top luxe signed contracts report

Priciest single-family home could trade below previous sale price last year

Fisher Island Unit, Tech CEO’s Home Top Luxe Contracts Report

From left: Douglas Elliman’s Jackson Keddell and Jill Eber along with an aerial view of 5311 Fisher Island Drive and 247 East Rivo Alto Drive (Getty, Douglas Elliman, Google Maps, Daniel Petroni Photography for Douglas Elliman)

The priciest properties to enter into contract last week in Miami-Dade County included a condo on Fisher Island and a waterfront home on the Venetian Islands. 

Unit 5311 at Bayview Fisher Island, asking $16.5 million, topped the Eklund-Gomes luxe signed contracts report, which tracks properties priced at $4 million and above. Jill Eber of The Jills Zeder Group at Coldwell Banker is the listing agent for the 6,881-square-foot condo, which has four bedrooms and four bathrooms. It hit the market in mid-May. 

Buyers signed 19 contracts during the week of May 20 to May 26, just one fewer compared to the week before. The properties are asking a combined $143.2 million, down from $199.2 million combined dollar volume the week before. Five condo contracts and 14 single-family home contracts were signed, according to the report, authored by the Douglas Elliman team.   

The second most expensive listing to secure a buyer is the waterfront home at 247 East Rivo Alto Drive on the Venetian Islands in Miami Beach. The 5,292-square-foot, six-bedroom, six-and-a-half-bathroom house is on the market with Douglas Elliman agent Jackson Keddell for $16.3 million. It was listed in March for $17.2 million, and the price was reduced in April. 

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Property records show a trust owned by Brad Garringhouse, CEO of the blockchain platform Ripple, paid $16.7 million for the home last year. The current asking price is below that, but it’s unclear if it will trade for less than the amount Garringhouse’s trust paid. 

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The single-family homes priced at $4 million and up that went into contract last week spent 93 days on the market on average before securing buyers. The asking dollar volume for those homes totaled $97.3 million. 

The luxury condos that entered into contracts were on the market for an average of 198 days, and averaged $2,000 per square foot. The total dollar asking volume for the condos was nearly $45 million. 

In New York, buyers signed contracts for 30 homes last week, according to the Olshan report. Their combined asking price was $277 million, and the typical home spent 891 days on the market.