Billionaire heir in contract to sell Fisher Island condo

Sellers found buyers for just five homes, condos priced at $4M and up last week

Billionaire Heir to Lebow Fortune Selling Fisher Island Condo

From left: Riley Smith Group’s Riley Smith, Luxury Living Realty’s Karla Abaunza and Riley Smith Group’s Ana Cuan along with 9755 Southwest 60th Avenue and 5263 Fisher Island Drive (Getty, Riley Smith Group, Luxury Living Realty, Google Maps)

The eldest daughter of billionaire Bennett LeBow found a buyer for her unit on Fisher Island, marking Miami-Dade County’s most expensive residential contract signed last week. 

A company controlled by Karen Eisenbud is in contract to sell unit 5263 at Bayview, at 5263 Fisher Island Drive, which is asking nearly $11 million, according to Eklund-Gomes’ luxe signed contracts report. 

Eisenbud’s 3,790-square-foot, four-bedroom, four-and-a-half-bathroom condo is on the market with Luxury Living Realty’s Karla Abaunza. Eisenbud’s father is founder and chairman of Miami-based Vector Group. Vector is a holding company led by President Howard Lorber, who is chairman and CEO of Douglas Elliman. 

The end of June marked a slow period for luxury real estate. 

Buyers signed just five contracts for residential properties priced at $4 million and up from June 24 to June 30, according to the report, authored by the Douglas Elliman mega-team. The properties’ combined asking price is nearly $35 million. Four single-family homes and one condo went into contract. 

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The second most expensive pending sale is the 5,387-square-foot, six-bedroom and six-and-a-half-bathroom home at 9755 Southwest 60th Avenue in Pinecrest. The nearly 2-acre property is on the market for about $9.3 million with Ana Cuan and Riley Smith from the Riley Smith Group at Compass. 

The single-family homes priced at $4 million and up that went into contract last week spent 234 days on the market on average before securing buyers. 

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The Fisher Island unit, the only condo listing to switch to pending last week, was on the market for 44 days and averages nearly $2,900 per square foot, based on the asking price. 

The previous week, buyers signed contracts for 12 luxury homes and condos in Miami-Dade County asking a combined $85 million.

Eklund-Gomes’ report, based on pending deals recorded on the Multiple Listing Service, is modeled after the Olshan report that tracks new deals in Manhattan. Activity was stronger in New York last week, where buyers signed contracts for 30 homes, according to the latest Olshan report. Their combined asking price was $196 million, and the typical home spent 590 days on the market.

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