Weekly luxe contracts up in Miami-Dade, led by $28M Venetian Islands mansion

Buyers continued to sign contracts last week for luxury homes and condos in Miami-Dade County, with 17 new deals inked for properties asking $4 million and up. 

That marks an increase of six additional contracts compared to the week prior, according to the Eklund-Gomes report for the week of April 8 to April 14. The combined asking dollar volume for the nine single-family homes and eight condos totals $186 million, down about $40 million, week-over-week. 

The Douglas Elliman team, led by Fredrik Eklund and John Gomes, recently launched its weekly Miami-Dade report. It’s based on new contracts entered into the Multiple Listing Service. 

The top single-family home contract last week is for the waterfront 8,242-square-foot house at 1417 North Venetian Way in Miami. The six-bedroom, six-and-a-half bathroom mansion is on the market for $27.5 million with the Corcoran Group’s Julian Johnston and Eloy Carmenate. The price was reduced by $1 million in August, down from $28.5 million. 

The top condo contract is for unit 7954 at 7954 Fisher Island Drive on Fisher Island. The seven-bedroom, seven-and-a-half-bathroom condo is asking $22 million. Johnston also has the listing for the 6,820-square-foot unit. It sold last year for $21 million. 

The unit hit the market in February for $23 million. The price was reduced by $1 million in March before going into contract. 

Eklund-Gomes’ new signed contracts report mimics Donna Olshan’s weekly report tracking deals signed at $4 million and up in Manhattan. 

In Manhattan, 18 new contracts were signed for the week of April 8 to April 14 totaling $133.3 million, marking the slowest week since January. 

In Miami-Dade County, the condos that went under contract last week are asking an average of about $1,900 per square foot; while the houses are asking $3,600 per square foot. The condos spent 93 days on the market on average, while the homes sat on the market for about 212 days on average before going under contract. 

One home didn’t make the cut despite topping the others in price. The nearly 10,000-square-foot waterfront mansion at 1835 West 27th Street in Miami Beach, asking about $29.8 million, is pending as of April 9. But the Sunset Islands home was not included in the report because the buyer accepted a contract in March, according to Eklund. The contingency period expired last week, triggering the change in the MLS. Jill Hertzberg and Jill Eber of Coldwell Banker’s the Jills Zeder Group are representing the seller, while Johnston is representing the buyer.

The week prior, the top new contract signed was for a waterfront assemblage of land anchored at 18 La Gorce Circle in Miami Beach, which is asking $132 million following a price cut.