The owner of Quirch Foods has found a buyer for his waterfront mansion in Coral Gables, which is listed for $47 million, according to an April 13 report. The property topped the list of luxury home contracts signed in Miami-Dade County last week.
This transaction is one of 17 luxury home contracts signed between April 6 and April 12. The Eklund-Gomes report tracks listings of homes and condos priced at $4 million or more that are included in the Multiple Listing Service. On average, these properties spent 153 days on the market.
During this period, there were also 35 new luxury listings added to the market, bringing the total number of such listings to 1,230. In comparison, buyers had signed contracts for 19 properties with a combined asking price of $157.5 million during the previous week.
The latest report shows that single-family homes accounted for twelve out of seventeen contracts last week with an average asking price of $12.9 million and a total asking dollar volume of $154.4 million. Five condos under contract had an average asking price of $13.2 million and totaled $66 million in dollar volume.
Guillermo Quirch III, co-owner of Quirch Foods, and his wife Lisette are selling their six-bedroom estate at 625 Reinante Avenue in Old Cutler Bay through Dennis Carvajal at One Sotheby’s International Realty. They purchased the property for $5 million before completing construction on their current house in 2022.
Another notable contract was signed for a mansion at The Mansions of Fisher Island listed at $36.5 million by Dora Puig from Luxe Living Realty. This nearly 11,000-square-foot home is part of six custom residences being developed by billionaire Jean Madar’s Madar Group and David Cohen; it is expected to close within eighteen months.
For context outside Miami-Dade County, New York saw buyers sign contracts on thirty-eight homes last week with a combined asking price exceeding $319 million.
