A penthouse at Murano Grande in South Beach was the highest-priced property to go under contract during a slow holiday week for Miami-Dade County’s luxury real estate market. The pending sale of the two-story, three-bedroom, four-bathroom condo at 400 Alton Road is listed for $14.9 million, or $2,809 per square foot. The unit spans 5,300 square feet and is owned by Mario Cesar Rodriguez, who purchased it for $4.1 million in 2003. Jeff Miller of One Sotheby’s International Realty is representing the listing.
According to the latest Eklund-Gomes report from Douglas Elliman, there were 11 contracts signed between November 24 and November 30 for homes and condos priced at $4 million and above in Miami-Dade County. These properties spent an average of 202 days on the market.
The total asking price for the six single-family homes and five condos that went under contract last week amounts to $86.2 million. Single-family homes accounted for $41.2 million with an average asking price of $7 million and an average time on market of 184 days.
The most expensive house to secure a buyer last week was a five-bedroom, seven-bathroom residence at 7305 Belle Meade Island Drive in Miami. The home measures 5,800 square feet and is listed for $11.5 million, or $1,921 per square foot. Compass agent Geva Bar represents the property, which is owned by Emre Balci; records show Balci paid $8.2 million for it in 2022.
Condos that found buyers last week had an average asking price of $8.9 million and spent about 224 days on the market, totaling $44.3 million in asking dollar volume.
In comparison to Miami-Dade’s activity, New York saw buyers sign contracts for 19 homes last week with a combined asking price of $189.3 million and an average time on market of 784 days.
The previous week in Miami-Dade saw higher activity with buyers signing contracts for 21 properties totaling a combined asking price of $179 million.
During this period, thirty-two new luxury listings were added to the Miami-Dade market, bringing the total number of listings to 1,298.
