Only three luxury properties in Miami-Dade County went under contract last week, marking the slowest week so far this summer, according to last week’s signed contracts report.
At the top of the list, Jeff Franklin, the creator of the classic sitcom “Full House,” secured a buyer for his waterfront lot at 1230 South Venetian Way on the Venetian Islands in Miami. Franklin acquired the 0.3-acre property as part of a larger assemblage in 2021 for $35.5 million.
The San Marco Island lot that went into contract is on the market with Corcoran Group agent Julian Johnston for $11 million. It has about 100 feet of water frontage. The property has been on and off the market since 2022.
The Eklund-Gomes report, authored by the Douglas Elliman team, shows that buyers signed contracts for two single-family homes and one single-family home lot asking $4 million and up between Aug. 5 and Aug. 11. No luxury condo contracts were signed. The combined asking prices for the properties totaled nearly $20 million.
The second most expensive property to enter into contract is the three-bedroom, two-bathroom house at 245 Atlantic Avenue in Sunny Isles Beach. The 2,036-square-foot house, built in 1968, is on the market with GRG International Properties’ Silvia Gross for $4.4 million. It is being marketed as a teardown, with plans for a five-bedroom, five-bathroom home.
The third contract signed last week is for the 5,514-square-foot, five-bedroom, six-bathroom-house at 16442 Northeast 31st Avenue in North Miami Beach, also asking about $4.4 million. Alexander Goldstein of Miles Goldstein Real Estate has the listing for the 0.2-acre property.
The previous week, buyers signed contracts for four homes and seven condos in Miami-Dade County, asking a combined $67.3 million.
Eklund-Gomes’ report, based on pending deals recorded on the Multiple Listing Service, is modeled after Donna Olshan’s report that tracks new deals in Manhattan. Last week in New York, buyers signed contracts for 21 homes, according to the latest Olshan report. Their combined asking price was $141 million, and the typical home spent 323 days on the market — fewer than usual.
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Residential
South Florida
$45M Hibiscus Island mansion tops luxe signed contracts report
Residential
South Florida
“Full House” creator Jeff Franklin buys waterfront Venetian Islands property