A penthouse in Miami’s Coconut Grove and a demolished house on Hibiscus Island in Miami Beach topped the report on contracts signed last week.
Delfin Gilbert, director of Aluminum, has accepted a contract for his lower penthouse at Grove in Grand Baiewhich is on the market for $19 million, according to the Eklund-Gomes report.
The 11,000-square-foot, six-bedroom, six-bathroom condo at 2669 South Bayshore Drive is listed with Chad Carroll and Lisandra Martinez at Compass. It went on the market for $23 million in August and has had two price cuts. The penthouse, with a 3,000-square-foot master suite, private four-car garage and wraparound terrace, last sold for $11 million when the two-tower condo complex was completed in 2016 .
The current sale is one of 16 new deals signed for the week of May 6-12, according to the report compiled by mega-team Douglas Elliman. The properties are asking a total of $127.7 million, with 10 single-family home contracts and six condominium contracts. This marks a weekly increase in total requested dollar volume and an increase in signed contracts for single-family homes.
The most expensive single-family home to go into contract is demolition at 205 North Hibiscus Drive in Miami Beach, listed with agents Mirce Curkoski and Albert Justo of One Sotheby’s International Realty of the Waterfront Team. The property is being marketed for sale and redevelopment for $15.5 million. A company led by Philippe Harari of the Aquablue Group paid $14.5 million in 2022 for the half-acre lot, which includes a house built in 1956.
Luxury condos that went into contract last week averaged $1,552 per square foot, down from the previous week. They spent an average of 147 days on the market, also down from the previous week. The total asking volume for the condos is approximately $48 million.
Single-family homes spent about 92 days on the market before going into contract, compared to an average of 210 days the week before. The asking volume for single-family homes is approximately $79.5 million.
The report, based on new signed contracts recorded in the Multiple Listing Service, mirrors that of the Olshan Report in Manhattan, also published every Monday morning. Last week in New York, 10 new contracts were signed for condos, co-ops and townhomes for more than $4 million. They totaled $313.5 million in combined requested volume.
