A waterfront estate in Coconut Grove is under contract for $115 million, making it the highest-priced pending sale among 19 contracts signed in Miami-Dade County between December 15 and December 21. The property was previously listed at $135 million.
The data comes from the Eklund-Gomes report, which tracks listings of homes and condos priced at $4 million or more that are included in the Multiple Listing Service. According to the report published by Douglas Elliman’s team led by Fredrik Eklund and John Gomes, properties spent an average of 104 days on the market during this period.
In total, 45 new luxury listings were added last week, bringing Miami-Dade’s inventory to 1,313 active listings.
The previous week saw buyers sign 20 contracts for properties with a combined asking price of $259.3 million. For the most recent week reported, the dollar volume for the 11 single-family homes and eight condos under contract reached $305 million.
Single-family homes that went under contract had an average asking price of $20.4 million and were on the market for about 73 days. Their total asking dollar volume was nearly $224 million.
Leading these sales is Banyan Ridge, a waterfront compound spanning 4.5 acres at 3585 Anchorage Way in Miami. The listing agents are Danny Hertzberg, Jill Hertzberg, Nathan Zeder, and Judy Zeder of Coldwell Banker’s Jills Zeder Group. The seller is the estate of Jonathan Lewis, a well-known Miami restaurateur who passed away recently. The sale is expected to exceed a recent lot deal in Coconut Grove by billionaire Jorge Mas that surpassed $100 million. Jonathan Lewis was the son of Peter B. Lewis, former chairman and CEO of Progressive Insurance Company.
Banyan Ridge features two main residences: a three-bedroom house built for former Secretary of State William Jennings Bryan measuring 4,100 square feet; and a four-bedroom home built for Peter Lewis totaling 5,300 square feet.
For condos under contract last week, their average asking price was $10.1 million with an average time on market of 147 days. Together they accounted for an asking dollar volume of $81.2 million—about $2,525 per square foot on average.
Andrew Zaro purchased a lower penthouse at Palazzo Del Sol on Fisher Island for just over $35 million (recorded deed), though it was listed as sold at $36 million including furniture according to MLS records. This marks Fisher Island’s highest condo sale this year. Zaro is part of New York’s Zaro’s Bakery family.
The seven-bedroom unit spans approximately 9,800 square feet and traded between roughly $3,600 and nearly $3,800 per square foot. Sellers Pierre Brondeau—executive chairman of Philadelphia-based FMC Corp.—and Melissa Brondeau were represented by Dora Puig from Luxe Living Realty; Jorge Escasena from Luxury Living Realty represented the buyer.
In comparison to Miami-Dade activity last week,New York buyers signed contracts for 21 homes with a combined asking price totaling about $137.3 million; those properties spent an average of almost two years on the market.
