Oil recycling entrepreneur Steven Lempera has secured 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 deal is among 16 contracts signed between August 25 and August 31, according to the Eklund-Gomes report. The report tracks homes and condos listed at $4 million or more in Miami-Dade County through the Multiple Listing Service. On average, these properties spent 180 days on the market.
During the same period, 23 new luxury listings were added in Miami-Dade, bringing the total to 1,119.
The previous week saw buyers sign contracts for nine properties with a combined asking price of $92.3 million.
According to the Eklund-Gomes report authored by Douglas Elliman’s Fredrik Eklund and John Gomes, last week’s nine single-family homes and seven condos under contract represent a total asking dollar volume of $195 million.
Single-family homes entering contract last week had an average asking price of $14.8 million and spent about 142 days on the market, totaling $133.2 million in asking 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 spans 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 most expensive home to go under contract is located at 2288 Sunset Drive in Miami Beach. The waterfront property measures 6,581 square feet on a third-acre lot within Sunset Islands. Built by Todd Michael Glaser and listed by Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty, it includes seven bedrooms, nine-and-a-half bathrooms, a wellness suite, pool, spa, rooftop area and more. Completed last year, records show ownership by a company managed by Tom Del Bosco—chief financial officer at Smith Management—which is associated with Alden Global Capital. The home is listed for $29.5 million.
Condos that found buyers last week averaged an asking price of $8.8 million after spending roughly 229 days on the market; their combined asking dollar volume was $61.8 million or about $2,703 per square foot.
Martinez and Ortiz are also co-listing unit 38 at Regalia in Sunny Isles Beach—the highest-priced condo to enter into contract last week—with four bedrooms and six bathrooms across nearly 5,000 square feet at an asking price of $15.9 million. Records indicate Regalia 38 LLC bought this unit for $10.2 million in 2022.
In New York City during the same timeframe covered by Olshan’s latest report, buyers signed contracts for sixteen homes with a combined asking price of $111.5 million; these properties typically spent over three years—1,202 days—on the market.
