A penthouse at Murano Grande in South Beach was the highest-priced property to go under contract during a slow holiday week for Miami-Dade County’s luxury real estate market.
Between November 24 and November 30, buyers signed contracts for 11 homes and condos listed at $4 million or more, according to the latest Eklund-Gomes report. The properties tracked by the report spent an average of 202 days on the market. During this period, 32 new luxury listings were added, bringing the total to 1,298.
The previous week saw more activity, with contracts signed for 21 properties with a combined asking price of $179 million.
The six single-family homes and five condos that went under contract last week had a total asking dollar volume of $86.2 million, based on data from the Douglas Elliman team led by Fredrik Eklund and John Gomes. The single-family homes averaged an asking price of $7 million and spent about 184 days on the market. These homes accounted for $41.2 million in asking volume.
Among these was a five-bedroom, seven-bathroom house at 7305 Belle Meade Island Drive in Miami. The property is listed for $11.5 million—or $1,921 per square foot—with Compass agent Geva Bar. According to records, Emre Balci owns the half-acre property; he purchased it for $8.2 million in 2022. The home was built in 1950.
Condos that found buyers last week averaged an asking price of $8.9 million and typically remained on the market for 224 days. Their combined asking dollar volume reached $44.3 million, averaging about $2,500 per square foot.
The top condo deal was a three-bedroom, four-bathroom penthouse at Murano Grande located at 400 Alton Road. The two-story unit spans 5,300 square feet and is listed with Jeff Miller of One Sotheby’s International Realty for $14.9 million—$2,809 per square foot. Records show Mario Cesar Rodriguez owns Penthouse A; he bought it for $4.1 million in 2003.
For comparison, New York saw buyers sign contracts for 19 homes last week with a combined asking price of $189.3 million; those properties spent an average of 784 days on the market.
