The Coral Gables residence previously owned by former Miami Heat player Justise Winslow is now under contract with a new buyer. This transaction represents the second highest-priced among 15 contracts signed in Miami-Dade County between November 10 and November 16, as detailed in the latest Eklund-Gomes report. The report monitors listings of homes and condos with asking prices of $4 million or more that are included in the Multiple Listing Service.
On average, properties spent 121 days on the market during this period. Fifty-seven new luxury listings were added to the market, bringing the total to 1,262 active listings in Miami-Dade County.
In comparison, buyers had signed contracts for 12 properties totaling $120 million in asking price during the previous week.
According to data from Douglas Elliman’s team led by Fredrik Eklund and John Gomes, nine single-family homes and six condos went under contract last week with a combined asking dollar volume of $100.2 million. Single-family homes had an average asking price of $7.8 million and spent an average of 96 days on the market, accounting for $30.3 million in total asking volume.
The most expensive pending sale reported was for a waterfront property at 4042 Island Estates Drive in Aventura. The nearly 7,800-square-foot home was built in 2001 and features five bedrooms, six bathrooms, two half-bathrooms, a pool, spa, outdoor kitchen, and extensive water frontage. Compass agent Chad Carroll has listed it for almost $15 million; records indicate Hillel Shohet’s company acquired it for $11.9 million in 2022.
The Coral Gables house at 506 Sunset Drive ranked as the second most expensive contract signed last week. Listed at nearly $9 million with Compass agents Ben Moss and Eric Torrente, this non-waterfront home includes six bedrooms and six-and-a-half bathrooms over its 7,354 square feet on a 0.7-acre lot built in 2008. Property records identify Geidy Leon—co-founder of Doral-based Miura Cigars—as the owner; she and her husband Jorge Leon purchased it from Winslow for $5.5 million in 2022.
Condos under contract last week averaged an asking price of $5 million and spent about 96 days on the market each; their total asking dollar volume also reached $30.3 million—about $1,979 per square foot on average.
A Ritz-Carlton Bal Harbour condo (unit 1008 at 10295 Collins Avenue) was the highest-priced condo to enter into contract last week at an asking price of $6.5 million ($2,350 per square foot). Keller Williams Realty Premier agent Fritz Wagor is handling this listing; records show private equity investor Jim Lim’s company bought it for $4.5 million in 2020.
Meanwhile, New York saw buyers sign contracts for 25 homes last week according to Olshan’s report; these had a combined asking price near $197.4 million with properties spending an average of 621 days on market.
