The owner of Quirch Foods has found a buyer for his waterfront mansion in Coral Gables, which is listed at $47 million, according to an April 13 report. The pending sale was the top contract among luxury homes signed in Miami-Dade County between April 6 and April 12.
This development is significant as it highlights ongoing demand for high-end real estate in the Miami-Dade area. The report from Eklund-Gomes tracks listings of homes and condos priced at $4 million or more that are included in the Multiple Listing Service.
Seventeen luxury home contracts were signed countywide during the week, with properties spending an average of 153 days on the market. In total, there are now 1,230 luxury listings available after thirty-five new ones were added last week. The previous week saw buyers sign nineteen contracts with a combined asking price of $157.5 million.
The twelve single-family homes and five condos under contract last week had a total asking dollar volume of $220.4 million, according to the Douglas Elliman team led by Fredrik Eklund and John Gomes. Single-family homes accounted for $154.4 million with an average asking price of $12.9 million each.
Guillermo Quirch III, co-owner of Quirch Foods, and his wife Lisette are selling their six-bedroom, nine-bathroom estate at 625 Reinante Avenue in Old Cutler Bay. They purchased the property for $5 million; it was completed in 2022 and spans about 8,000 square feet on a waterfront lot measuring approximately 0.6 acres.
The second most expensive property under contract last week is located at Mansions of Fisher Island at 1005 Fisher Island Drive, listed for $36.5 million by Dora Puig of Luxe Living Realty. This nearly 11,000-square-foot home is one of six custom residences being built by Jean Madar’s Madar Group and David Cohen in Fisher Island’s Links Estates neighborhood; its deal is expected to close within eighteen months.
Condos that secured buyers last week averaged an asking price of $13.2 million and spent around 151 days on the market; they totaled about $66 million in dollar volume or roughly $2,800 per square foot.
In comparison to Miami-Dade’s activity, New York saw thirty-eight contracts signed last week with a combined value exceeding $319 million and properties averaging over five hundred days on the market.
