A waterfront estate in Coconut Grove is under contract for $115 million, making it the most expensive pending sale among 19 luxury properties signed in Miami-Dade County between Dec. 15 and Dec. 21. The property was previously listed at $135 million.
The data comes from the Eklund-Gomes report, which monitors homes and condos priced at $4 million or more in Miami-Dade County’s Multiple Listing Service. Properties that went under contract last week spent an average of 104 days on the market. During the same period, 45 new luxury listings were added, bringing the total to 1,313.
In comparison, buyers signed contracts for 20 properties with a combined asking price of $259.3 million the previous week.
According to the Douglas Elliman team led by Fredrik Eklund and John Gomes, last week’s single-family home contracts totaled nearly $224 million with an average asking price of $20.4 million and spent about 73 days on the market. There were also eight condo contracts totaling $81.2 million in asking volume—averaging $10.1 million per unit—which typically remained on the market for about 147 days.
The top deal is Banyan Ridge at 3585 Anchorage Way in Miami—a 4.5-acre waterfront compound listed by Danny Hertzberg, Jill Hertzberg, Nathan and Judy Zeder of Coldwell Banker’s Jills Zeder Group. The seller is the estate of Jonathan Lewis, a notable Miami restaurateur whose father was Peter B. Lewis, former chairman and CEO of Progressive Insurance Company. The transaction is expected to surpass another recent high-profile lot sale in Coconut Grove involving billionaire Jorge Mas.
Banyan Ridge features two main houses: a three-bedroom residence built for former Secretary of State William Jennings Bryan (4,100 square feet), and a four-bedroom home constructed for Peter Lewis (5,300 square feet).
Among condo transactions last week, Andrew Zaro purchased a lower penthouse at Palazzo Del Sol on Fisher Island for over $35 million (deed value), though it was recorded at $36 million including furniture—the highest condo sale on Fisher Island this year. Zaro is part of New York’s Zaro’s Bakery family business.
The seven-bedroom unit spans about 9,800 square feet and sold between roughly $3,600 to nearly $3,800 per square foot. Pierre Brondeau—executive chairman of Philadelphia-based FMC Corp.—and his wife Melissa sold the property through Dora Puig of Luxe Living Realty; Jorge Escasena from Luxury Living Realty represented Zaro.
In New York during this period, buyers signed contracts for 21 homes totaling an asking price of approximately $137.3 million; these properties averaged more than one-and-a-half years on the market before going under contract.
