An Ocean Bank board member has secured a buyer for his waterfront mansion in the Gables Estates neighborhood of Coral Gables, with an asking price of $39.5 million.
According to a report from Douglas Elliman’s Eklund-Gomes team, 12 contracts were signed between November 3 and November 9 for luxury properties in Miami-Dade County. The total asking dollar volume for these pending sales reached $120 million, with homes averaging 165 days on the market. This is an increase from the previous week, when buyers signed 10 contracts totaling $97.2 million.
The report tracks single-family homes and condos listed at $4 million or more on the Multiple Listing Service in Miami-Dade. Last week, there were 70 new listings, bringing the total number of listings to 1,228.
Of the properties that went under contract last week, eight were single-family homes and four were condos. Condos had an average asking price of $7.9 million ($2,294 per square foot) and spent about 93 days on the market. Single-family homes averaged an asking price of $11 million and spent approximately 201 days on the market.
The most expensive property to find a buyer was a 12,300-square-foot mansion at 540 Leucadendra Drive in Coral Gables’ gated Gables Estates community. The sellers are Guida Yolanda Rodriguez Macedo and Javier Macedo Rodriguez, who serves on Ocean Bank’s board of directors. They purchased the one-acre waterfront lot for $6.2 million in 2015 and completed construction in 2018. The home features eight bedrooms, seven bathrooms, four half-bathrooms, a gym, office space, guest quarters, and a pool.
The property has been listed intermittently over several years with prices reaching as high as $45 million before returning to market this September at its current asking price of $39.5 million, according to Zillow. Judy Zeder and Nathan Zeder with the Jills Zeder Group at Coldwell Banker Realty hold the listing.
The second highest-priced pending sale last week was a house at 2931 Emathla Street in Miami listed for $12 million. Sellers David and Marcela Herskowitz bought the half-acre property for $1.7 million in 2020; David Herskowitz is a Los Angeles-based developer affiliated with Cutting Edge Developments alongside Santiago Arana from The Agency. Completed in 2023, their home includes six bedrooms, four bathrooms, a gym, spa facilities and a pool.
They listed it for sale at $12 million in October; Mickael Lancri with Mickael Lancri Real Estate is handling that listing.
