A Montreal luxury home developer and the CEO of an As Seen on TV products company found buyers for their waterfront Miami Beach homes, as part of a series of high-value property deals in Miami-Dade County between March 23 and March 29, according to the latest Eklund-Gomes signed contracts report released on Mar. 30.
The report highlights ongoing activity in Miami-Dade’s luxury real estate market, tracking listings for homes and condos priced at $4 million or more that are included in the Multiple Listing Service. Last week, buyers signed contracts for 29 such properties across the county. The average time these properties spent on the market was 173 days.
In total, fifty new luxury listings were added during this period, bringing the number of active listings to 1,251. The combined asking price for all homes and condos under contract last week reached $292.4 million. This figure includes fourteen single-family homes with an average asking price of $12 million each and fifteen condos averaging $8.3 million per unit.
Among single-family homes, a notable deal involved a waterfront teardown at 29 East San Marino Drive on Miami Beach’s Venetian Islands. The property is listed by Dora Puig of Luxe Living Realty with an asking price of $30 million; it previously sold for $6.8 million in 2015 and was once home to restaurateur Karim Masri.
Another significant transaction is a newly built seven-bedroom house at 5515 Pine Tree Drive developed by Georges Dayan’s Groupe Dayan and listed at $25.9 million by Douglas Elliman agents Bryan Sereny, Kaila Mardoyan, and Bill Hernandez.
On the condo side, Ashok “Chuck” Khubani—founder and CEO of Ontel Products—is selling unit 10A at Faena House for nearly $23 million through Keller Williams’ Nicole Gary; Khubani purchased this four-bedroom residence for $18.5 million in 2015.
For comparison, New York saw buyers sign contracts for thirty-three homes last week with a combined asking price exceeding $264.3 million.
