The pending sale of a non-waterfront spec mansion near the ritzy Gables Estates neighborhood in Coral Gables topped last week’s signed contracts report for Miami-Dade County.
The 9,000-plus-square-foot home at 4820 Southwest 86th Terrace, in Miami’s Ponce-Davis neighborhood, secured a buyer, according to the Eklund-Gomes report. It’s on the market with Alex Pirez of Mocca Realty. An affiliate of Pirez’s Mocca Construction owns and developed the home, records show. The company paid nearly $2 million for the 0.9-acre lot in 2020. It has five bedrooms and five and a half bathrooms, according to the listing.
Ten contracts were marked in the Multiple Listing Service between Dec. 30 and Jan. 5, according to the report, which tracks listings of properties asking $4 million and up in Miami-Dade. Last week signaled an improvement compared to activity during the holidays, but it was still slow.
The asking dollar volume for the seven single-family homes and three condos totals $72.8 million, according to the report, which is authored by the Douglas Elliman star-studded team led by Fredrik Eklund and John Gomes.
The single-family homes that entered into contract last week had an average asking price of about $7.9 million and spent an average of 216 days on the market. They totaled $55 million in asking dollar volume.
The condos that secured buyers last week had an average asking price of $5.8 million and spent about 355 days on the market, on average. They totaled $17.5 million in asking dollar volume, and averaged $2,129 per square foot.
The priciest condo to enter into contract is unit 8C at Faena House, at 3315 Collins Avenue in Miami Beach. It’s asking $6.7 million with One Sotheby’s International Realty agent Emily Gimblett. The 2,238-square-foot condo has two bedrooms, two and a half bathrooms and spans 2,238 square feet.
The previous week, buyers signed contracts for five properties in Miami-Dade, asking a combined $67.5 million.
Last week in New York, buyers signed contracts for 20 homes, according to the latest Olshan report. Their combined asking price was $209.7 million, and the typical home spent 583 days on the market.
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Residential
South Florida
$25M waterfront Miami Beach home tops year-end signed contracts report