Most luxury homebuyers in South Florida slowed their activity during the holiday week, but some deals continued in Miami-Dade County. According to a report from Douglas Elliman’s Eklund-Gomes team, eight contracts were signed between December 22 and December 28. The total asking price for these pending homes was $54.4 million, with an average of 118 days on the market.
The previous week saw more activity, with 19 contracts totaling $305 million in asking volume. That week included a notable pending deal for a waterfront Coconut Grove estate listed at $115 million.
The Eklund-Gomes report covers signed contracts for single-family homes and condos listed at $4 million or more on the Multiple Listing Service in Miami-Dade County. During the week of December 22-28, there were 19 new listings and a total of 1,315 active listings on the market.
Of the eight properties that went under contract last week, five were single-family homes and three were condos. The average asking price for the condos was $6.3 million, or $2,318 per square foot, with an average time on market of 72 days. Single-family homes had an average asking price of $7.1 million, or $1,762 per square foot, spending about 145 days on the market.
The most expensive property to find a buyer was a house at 2830 Lucerne Avenue in Miami Beach listed at $9 million. Public records indicate Daniel R. Morel is the seller; he purchased the Sunset Island I property for $4.7 million in 2015. Built in 1936 on a third of an acre, it features four bedrooms, four bathrooms, one half-bathroom and a pool. It was initially listed at $9.9 million in February by Nancy Batchelor and Carolyn Batchelor with Compass.
Another high-priced home to go under contract was located at 3470 Poinciana Avenue in Coconut Grove with an asking price of $8 million. Records show Brian Lippey and Jacqueline MacLeod are selling; they bought it for $3.8 million in 2020 when it was newly built on a quarter-acre lot with five bedrooms, six bathrooms and one half-bathroom. The property was first listed last year for $8.8 million by Riley Smith and Brian Sehmann with Compass.
