A trust linked to Solly Azar, known for his role in creating the wholesale insurance brokerage model, has found a buyer for a condominium at Oceana Bal Harbour listed for nearly $36 million. The 7,442-square-foot unit at 10201 Collins Avenue features four bedrooms and four-and-a-half bathrooms. It is being marketed by Ruthie and Ethan Assouline and Eytan Namiech of Douglas Elliman’s Assouline Team for $35.9 million, or about $4,824 per square foot. Joelle Oiknine’s team at One Sotheby’s International Realty represents the buyer. Public records indicate Azar paid $16.3 million for the two units that were combined into this residence when the building was completed in 2017.
The latest Eklund-Gomes report shows that from August 18 to August 24, buyers signed nine contracts for homes and condos priced at $4 million or more in Miami-Dade County, marking the third consecutive week with this number of deals. These properties averaged 114 days on the market.
During this period, 38 new luxury listings were added in Miami-Dade County, bringing the total to 1,141 active listings.
Of the nine properties under contract last week—seven single-family homes and two condos—the total asking dollar volume reached $92.3 million. The condos had an average asking price of $20.7 million and spent an average of 168 days on the market, totaling $41.4 million in asking value or about $3,119 per square foot.
Single-family homes under contract last week averaged an asking price of $7.3 million with an average market time of 98 days; their combined asking price totaled $50.9 million.
The most expensive house under contract was a six-bedroom property at 3976 Little Avenue in Coconut Grove listed just below $13 million by Judy and Nathan Zeder of Coldwell Banker’s Jills Zeder Group. This non-waterfront Spanish colonial home sits on a 0.4-acre lot and was previously sold for $5.1 million in 2021.
In comparison, New York saw buyers sign contracts for 22 homes last week with a total combined asking price of $150.9 million; these properties spent an average of 993 days on the market.
