Contract for Oceana Penthouse Tops Slow Week in Miami-Dade

A penthouse at Oceana Bal Harbour, asking nearly $24 million, secured a buyer during an otherwise slow summer week in Miami-Dade County.

It’s one of 17 luxury home contracts signed between June 22 and June 28, according to the weekly report by Douglas Elliman’s Eklund-Gomes team. The previous period saw 25 deals for luxury homes in the market asking a combined $267 million.

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 listings in last week’s report spent an average of 81 days on the market.

The nine single-family homes and eight condos that entered contract last week notched a total asking dollar volume of $133.4 million, according to the report published by the team led by Fredrik Eklund and John Gomes. Twenty-two luxury listings were added to the market, for a total of 1,128 listings.

The condos that secured buyers last week have an average asking price of $8.9 million and spent 91 days on the market, on average. They total $71.2 million in asking dollar volume, or an average of $1,882 per square foot.

At the top of the report is unit 2803 at Oceana, at 10201 Collins Avenue in Bal Harbour, which is on the market for $23.95 million with Joelle Oiknine of One Sotheby’s International Realty. The owner’s information is not available in property records, but the listing states that it previously sold in 2021 for $15 million. The 4,900-square-foot upper penthouse with four bedrooms and six bathrooms, is in contract for nearly $4,900 per square foot.

Unit 5 at Indian Creek Residences and Yacht Club, at 9110 West Bay Harbor Drive (Indian Creek Residences and Yacht Club)

The second priciest pending sale in the report is unit 5 at Indian Creek Residences and Yacht Club, at 9110 West Bay Harbor Drive in Bay Harbor Islands. The five-bedroom, seven-bathroom condo is on the market for $11.3 million with Vanessa Frank and David Pullman, also One Sotheby’s agents. The Landau Properties development is under construction.

The single-family homes that entered into contract last week have an average asking price of $6.9 million and spent an average of 73 days on the market. They total $62.3 million in asking dollar volume.

Last week in New York, buyers signed contracts for 27 homes, according to Olshan Realty. Their combined asking price is $190.4 million, and the typical home spent 406 days on the market.