Former Nautica CEO Harvey Sanders found a buyer for his double unit at the Continuum South Beach, asking $22 million.
It’s one of a dozen luxury home contracts signed in Miami-Dade County between July 6 and July 12, according to the weekly report by Douglas Elliman’s Eklund-Gomes team. The previous period saw nine deals for luxury homes in the market asking a combined $88.9 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 123 days on the market.
The seven single-family homes and five condos that entered contract last week notched a total asking dollar volume of $123.9 million, according to the report published by the team led by Fredrik Eklund and John Gomes. Twenty-seven luxury listings were added to the market, for a total of 1,035 listings.
Last week’s top deal was for the waterfront home at 508 West Di Lido Drive in the Venetian Islands.
The four-bedroom, five-bathroom house, spanning 5,500 square feet, is on the market with Reid Heidenry and Marko Gojanovic of One Sotheby’s International Realty. The property was renovated, designed by Max Strang, and includes a rooftop retreat with a cold plunge and sauna, according to the listing. It’s listed for $24.5 million.
The house is in the process of being flipped. Property records show a land trust paid $18.5 million for the home in February. It was previously owned by Ryan Hudson, co-founder of the discount and coupon app Honey, who paid $15 million for the property in 2021.
The single-family homes that entered into contract last week have an average asking price of $11.2 million and spent an average of 111 days on the market. They total $78.4 million in asking dollar volume.
The condos that secured buyers last week have an average asking price of $9.1 million and spent 139 days on the market, on average. They total $45.5 million in asking dollar volume, or an average of $1,201 per square foot.
The priciest pending sale of a condo is Sanders’ 4,400-square-foot, five-bedroom and four-bathroom combined unit at 100 South Pointe Drive. Unit 1906/1907 is on the market with Compass’ Carlo Dipasquale and Sonia Toth of Brown Harris Stevens. Sanders and his late wife, Ellen, paid $1.4 million for the unit in 2003, a year after the oceanfront building was completed. The condo includes a wraparound balcony, a chef’s kitchen and a private foyer with direct elevator access.
Last week in New York, buyers signed contracts for 29 Manhattan homes, according to Olshan Realty. Their combined asking price is $181.6 million, and the typical home spent 420 days on the market.
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