French Retail Mogul Nicolas Chambon Selling Miami Beach Home

French commercial real estate investor Nicolas Chambon is bidding adieu to his waterfront Miami Beach home, asking $29.5 million.

Chambon’s pending sale topped last week’s Eklund-Gomes report.

Buyers signed 22 contracts for luxury properties in Miami-Dade County between May 26 and June 1, according to the report, which tracks listings of homes and condos asking $4 million and up in Miami-Dade that are included in the Multiple Listing Service. The properties spent about 131 days on the market, on average.

Thirty luxury listings were added to the market, for a total of 1,270 listings. Luxury inventory has been falling on a weekly basis.

The previous week, buyers signed contracts for 14 properties in Miami-Dade, asking a combined $107.8 million.

The asking dollar volume for the 13 single-family homes and nine condos under contract last week totals $177.2 million, according to the report, which is authored by the Douglas Elliman team led by Fredrik Eklund and John Gomes.

The single-family homes that entered into contract last week had an average asking price of $8.9 million and spent an average of 121 days on the market. They totaled $115.5 million in asking dollar volume.

Chambon signed a contract to sell the five-bedroom, six-and-a-half-bathroom house at 220 West Dilido Drive on the Venetian Islands in Miami Beach. The 6,084-square-foot house was built on a quarter of an acre and completed last year, records show. He paid $5.9 million for the property in 2018.

The house is on the market with Serhant’s Mariana Niro. The property was listed for sale in November for $33 million, and the price was reduced in March to its current asking price of $29.5 million. Chambon is president of the French commercial real estate firm Socri and is a partner in two franchise locations for Galeries Lafayette, a French department store, according to the Wall Street Journal.

The condos that secured buyers last week had an average asking price of $6.8 million and spent 146 days on the market, on average. They totaled $61.8 million in asking dollar volume, or an average of $2,042 per square foot.

Estates at Acqualina unit 1701, at 17975 Collins Avenue in Sunny Isles Beach, led last week’s pending condo sales. The 4,780-square-foot, five-bedroom and six-and-a-half-bathroom condo is on the market for $12.1 million. Douglas Elliman’s Yansy Checa has the listing.

Last week in New York, buyers signed contracts for 29 homes, according to the latest Olshan report. Their combined asking price was $288.5 million, and the typical home spent 443 days on the market.