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$32M Surf Club Four Seasons condo under contract to flip for big profit 

Number of deals is dropping on weekly basis as temperatures rise across South Florida

9001 Collins Avenue unit 1003-S with Compass' Bryan Halda

A prospective buyer signed a contract for a condo at the Four Seasons Residences at the Surf Club, asking $31.5 million. 

It’s one of nine luxury home contracts signed in Miami-Dade County between June 29 and July 5, according to the weekly report by Douglas Elliman’s Eklund-Gomes team. The previous period saw 17 deals for luxury homes in the market asking a combined $133.4 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 99 days on the market. 

The seven single-family homes and two condos that entered contract last week notched a total asking dollar volume of $88.9 million, according to the report published by the team led by Fredrik Eklund and John Gomes. Twenty-three luxury listings were added to the market, for a total of 1,098 listings. 

The condos that secured buyers last week have an average asking price of $21.7 million and spent 139 days on the market, on average. They total $43.4 million in asking dollar volume, or an average of $4,400 per square foot. 

At the top of the report is unit 1003 in the south tower at the Surf Club, at 9001 Collins Avenue. The four-bedroom, five-bathroom and one-half-bath unit spans 4,640 square feet and is asking a whopping $6,800 per square foot. It’s on the market with Compass agent Bryan Halda. An LLC named after the address paid $18.4 million for the unit last summer, which means the owner is looking to flip the condo an over 70 percent increase. 

The single-family homes that entered into contract last week have an average asking price of $6.5 million and spent an average of 87 days on the market. They total $45.5 million in asking dollar volume. 

13000 North Bayshore Drive in North Miami with Joel Lusky
13000 North Bayshore Drive in North Miami with Joel Lusky (Photostetic)

The priciest pending sale of a single-family home is the nearly $13 million listing of the property at 13000 North Bayshore Drive in North Miami. Joel Lusky of the Brokerage South Florida Real Estate is the listing agent. The seven-bedroom, 6,700-square-foot house sits on a 0.2-acre lot in the Keystone community. It includes 75 feet of water frontage, private dock access, a putting green, gym, entertainment room and elevator. JVP Design Group paid about $1.5 million for the property in 2021 and built the new home. It was completed last year. 

Last week in New York, buyers signed contracts for 15 homes, according to Olshan Realty. Their combined asking price is $152.8 million, and the typical home spent 498 days on the market.

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