Groupe Dayan, Chuck Khubani Find Buyers for Miami Homes

A Montreal luxury home developer and an As Seen on TV products CEO found buyers for their waterfront Miami Beach homes last week.

Those were among the sellers who inked deals for 29 luxury homes countywide between March 23 and March 29, according to the latest Eklund-Gomes signed contracts report.

The report 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 173 days on the market, on average.

Fifty luxury listings were added to the market, for a total of 1,251 listings.

The previous week, buyers signed 26 contracts for properties in Miami-Dade, asking a combined $295 million.

The asking dollar volume for the 14 single-family homes and 15 condos under contract last week totals $292.4 million, according to the report published 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 $12 million and spent an average of 168 days on the market. They total $167 million in asking dollar volume.

29 East San Marino Drive (Luxe Living Realty)

At the top is the waterfront teardown at 29 East San Marino Drive on the Venetian Islands in Miami Beach. The 0.3-acre property, which includes a 2,900-square-foot house, is on the market with Dora Puig of Luxe Living Realty, asking $30 million. Property records show 29 ESM INC owns the home, which last sold for $6.8 million in 2015. Late restaurateur Karim Masri, who died in 2024, previously lived there.

5515 Pine Tree Drive (SDH_Studio Architecture)

The second priciest sale is the new home at 5515 Pine Tree Drive in Miami Beach, listed with Bryan Sereny and Bill Hernandez of the Bill and Bryan Team at Douglas Elliman. Montreal developer Georges Dayan’s Groupe Dayan completed the seven-bedroom, 7,000-square-foot home last year, according to the listing. It’s asking $25.9 million.

The condos that secured buyers last week have an average asking price of $8.3 million and spent 177 days on the market, on average. They total $125.2 million in asking dollar volume, or an average of $2,400 per square foot.

The most expensive condo marked pending in the MLS last week is unit 10A at Faena House, at 3315 Collins Avenue. Ashok “Chuck” Khubani, the founder and CEO of Ontel Products and brother of Infomercial King AJ Khubani, is selling the four-bedroom, six-and-a-half-bathroom condo, which spans more than 4,700 square feet. It’s asking nearly $23 million, or about $4,900 per square foot, with Keller Williams’ Nicole Gary. Khubani paid $18.5 million for the unit in 2015.

Last week in New York, buyers signed contracts for 33 homes, according to the latest Olshan report. Their combined asking price is more than $264.3 million, and the typical home spent 608 days on the market.