A sprawling condo at the Four Seasons Residences at the Surf Club asking $38 million topped luxury contracts in Miami-Dade County last week.
The pending deal marks the most expensive of 14 contracts signed between Jan. 12 and Jan. 18, according to a report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $138 million in asking dollar volume and averaged 215 days on the market.
The report tracks signed contracts for single-family homes and condos asking $4 million or more in Miami-Dade that appear in the Multiple Listing Service. It identified 46 new listings, and 1,290 active listings on the market.
The previous week, buyers signed 23 contracts for properties in Miami-Dade totalling $242.7 million in asking dollar volume.
Of the properties that went pending last week, nine were single-family homes, and five were condos. The average asking price for the condos was $11.4 million, or $2,619 per square foot. They spent an average of 263 days on the market.
The average asking price for the single-family homes was $9 million, or $1,588 per square foot, and they spent an average of 189 days on the market.
The most expensive contract signed last week was for unit S-1011 at Four Seasons Residences at the Surf Club asking $38 million, or $5,144 per square foot. The unit at 9001 Collins Avenue in Surfside is owned by an LLC that acquired it for $21 million in 2018, according to property records.
The 7,400-square-foot unit has seven bedrooms, seven bathrooms, one half-bathroom, a library and a game room, the listing shows. Nadim Ashi’s Fort Partners completed the Surf Club in 2017, and it includes four pools, fitness facilities and a Thomas Keller restaurant.
The deal came a month after Fort Partners sold a penthouse at the adjacent Seaway at the Surf Club for $86 million.
The latest unit to sell first hit the market in 2024 asking $42 million, according to Redfin. The price was lowered three times, and it returned to the market asking $38 million in August. Ximena Penuela with Fort Realty has the listing.
The next priciest listing to find a buyer last week was the 7,600-square-foot waterfront home at 3333 Poinciana Avenue in Coconut Grove asking $16.9 million.
Richard Shipley, whose parents founded the chemical maker Shipley Company in 1957, is the seller, records show. Shipley Company later merged with Rohm and Haas, the company that invented Plexiglas, which is now a subsidiary of chemical giant Dow.
Shipley bought the quarter-acre home for $5.8 million in 2018, according to property records. The home was built in 1995 and has five bedrooms, six bathrooms, one half-bathroom, a pool and a dock, the listing shows.
Shipley listed the home for $16.9 million in December, and Nancy Batchelor with Compass has the listing.