Waterfront Coconut Grove estate asking $39M tops last week’s signed contracts 

A waterfront estate in Coconut Grove, on and off the market for years, found a buyer. 

The eight-bedroom, eight-and-a-half-bathroom home at 3080 Munroe Drive in Miami is asking $38.5 million. The 10,000-square-foot mansion topped last week’s Eklund-Gomes luxe signed contracts report, which tracks pending sales of residential properties priced at $4 million and above.

Ernst Swietelsky, who owned a flower and plant import company, is selling the mansion. Douglas Elliman agents Lourdes Alatriste and Fredrik Eklund are the listing agents. The home hit the market in 2017 with other brokers, and was listed for as much as $48 million in 2022. It was reduced in April to its latest asking price. 

Between June 3 and June 9, buyers signed contracts for 24 luxury homes and condos in Miami-Dade County asking a combined $220.5 million, according to the report, authored by the Douglas Elliman team. That’s nine more than the week prior, and a weekly increase of about $7 million in asking dollar volume. 

Fifteen of the contracts signed last week were for single-family homes, and nine were for condos.

The priciest condo to enter into contract was unit 3507 at the Continuum at 100 South Pointe Drive in Miami Beach, asking $15.9 million. Property records show tech entrepreneur Hari Ravichandran, founder of the cybersecurity firm Aura, owns the four-bedroom, four-bathroom condo. A company controlled by Ravichandran paid $8 million for the condo in 2021. Compass agent Alex Algarin has the listing for the nearly 3,000-square-foot unit, according to the MLS.

The single-family homes priced at $4 million and up that went into contract last week spent 130 days on the market on average before securing buyers. The asking dollar volume for those homes totaled $152 million. 

The luxury condos that entered into contracts were on the market for an average of 223 days, and averaged about $2,200 per square foot. The total dollar asking volume for the condos was $68.5 million. 

Eklund-Gomes’ report is modeled after the Olshan report that tracks new deals in Manhattan. 

In New York, buyers signed contracts for 24 homes last week, according to the latest Olshan report. Their combined asking price was $193 million, and the typical home spent 711 days on the market.