Mocca Group Selling $20M Ponce-Davis Spec Home in Miami

Alex Pirez’s Mocca Group found a buyer for a spec home that’s nearly completed in Miami’s Ponce-Davis neighborhood, topping luxury sales activity in Miami-Dade County last week.

The deal is one of 20 contracts signed between Sept. 22 and Sept. 28, according to the latest Eklund-Gomes report, which tracks listings of homes and condos asking $4 million and up in Miami-Dade County that are included in the Multiple Listing Service. The properties spent 91 days on the market, on average.

Thirty luxury listings were added to the market, for a total of 1,146 listings.

The previous week, buyers signed contracts for 12 properties in Miami-Dade, asking a combined $75.5 million.

The asking dollar volume for the 15 single-family homes and five condos under contract last week totals $162.6 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 have an average asking price of $8.1 million and spent an average of 96 days on the market. They total $122 million in asking dollar volume.

Mocca, led by Pirez, secured a buyer for the 10,183-square-foot home under construction at 5000 Southwest 82nd Street in Miami. The six-bedroom, seven-bathroom and two-half-bathroom mansion is under contract for its asking price of $19.5 million, Pirez said. Pirez’s Mocca Realty has the listing. An affiliate of Mocca Group paid $2.4 million for the 0.9-acre property in 2021. Jackie Garcia Haley of Garcia-Haley Design handled the interior design.

The condos that secured buyers last week have an average asking price of $8.1 million and spent 75 days on the market, on average. They total $40.6 million in asking dollar volume, or an average of $2,167 per square foot.

A four-bedroom, six-and-a-half-bathroom condo at 17901 Collins Avenue in Sunny Isles Beach marked the priciest condo to go under contract last week in Miami-Dade. Unit 1607 at Estates at Acqualina is asking $13.9 million. The Agency’s Daniel Tzinker and Sarah Gozlan of G Realty Group have the listing for the 5,133-square-foot condo. Property records show Elysee Investments’ founder and CEO Haim Yehezkel owns the unit. Yehezkel paid $10.5 million for the condo in 2022.

Last week in New York, buyers signed contracts for 23 homes, according to the latest Olshan report. Their combined asking price is $184.3 million, and the typical home spent 931 days on the market.