Oil recycling entrepreneur Steven Lempera has found a buyer for his waterfront mansion in Gables Estates, with an asking price of $54.9 million. Lempera purchased the property at auction in 2019 for $25.5 million, following the sale of his company to Patrick Dovigi’s GFL Environmental.
The pending transaction is part of 16 contracts signed between August 25 and August 31, according to the Eklund-Gomes report. The report tracks Miami-Dade County homes and condos listed at $4 million or more on the Multiple Listing Service. Properties under contract last week spent an average of 180 days on the market.
During that period, 23 new luxury listings were added, bringing the total number of listings to 1,119. In comparison, nine properties went under contract the previous week with a combined asking price of $92.3 million.
According to the Eklund-Gomes report by Douglas Elliman’s Fredrik Eklund and John Gomes, the combined asking dollar volume for nine single-family homes and seven condos under contract last week reached $195 million.
Single-family homes entering into contract had an average asking price of $14.8 million and averaged 142 days on the market, totaling $133.2 million in asking dollar volume.
Lempera’s estate features eight bedrooms and nine-and-a-half bathrooms and is listed by Eddy Martinez and Roland Ortiz of One Sotheby’s International Realty. The property covers 1.2 acres on a point lot with amenities including a pool, hot tub, outdoor kitchen, and dock. Built in 2018, it offers nearly 19,000 square feet of interior space.
The second-highest priced house to go under contract was a waterfront home at 2288 Sunset Drive in Miami Beach. The Sunset Islands property measures 6,581 square feet on a 0.3-acre lot with seven bedrooms and nine-and-a-half bathrooms. It was built by Todd Michael Glaser and is listed by Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty for $29.5 million. Records indicate ownership by a company managed by Tom Del Bosco, chief financial officer at Smith Management linked to Alden Global Capital.
Condos that found buyers last week had an average asking price of $8.8 million after spending an average of 229 days on the market; their total asking dollar volume was $61.8 million or about $2,703 per square foot.
Martinez and Ortiz are also listing unit 38 at Regalia in Sunny Isles Beach—the priciest condo to enter into contract last week—at an asking price of $15.9 million for its four bedrooms and six bathrooms across nearly 5,000 square feet at 19575 Collins Avenue. Regalia 38 LLC bought this unit for $10.2 million in 2022.
In New York during the same period, buyers signed contracts for sixteen homes with a combined asking price of $111.5 million; those properties averaged over three years on the market before going under contract.
