A penthouse at Murano Grande in South Beach led Miami-Dade County’s luxury real estate market during a slow holiday week, according to the latest Eklund-Gomes report. The pending contract for the two-story, three-bedroom unit at 400 Alton Road was listed at $14.9 million, making it the highest-priced deal among 11 contracts signed between Nov. 24 and Nov. 30.
The report tracks homes and condos listed for $4 million or more in Miami-Dade that are included in the Multiple Listing Service. On average, these properties spent 202 days on the market before entering into contract.
During this period, six single-family homes and five condos went under contract, with a combined asking dollar volume of $86.2 million as reported by Douglas Elliman’s team led by Fredrik Eklund and John Gomes.
Single-family homes that found buyers last week had an average asking price of $7 million and were on the market for an average of 184 days. Their total asking value reached $41.2 million.
The most expensive house to secure a buyer was located at 7305 Belle Meade Island Drive in Miami. The five-bedroom, seven-bathroom property spans 5,800 square feet and is listed for $11.5 million with Compass agent Geva Bar. Public records indicate Emre Balci owns the half-acre property after purchasing it for $8.2 million in 2022; it was built in 1950.
Condos under contract last week averaged an asking price of $8.9 million and remained on the market for about 224 days each, totaling $44.3 million or roughly $2,500 per square foot.
Murano Grande’s penthouse A is owned by Mario Cesar Rodriguez, who acquired it for $4.1 million in 2003; Jeff Miller of One Sotheby’s International Realty holds the current listing at approximately $2,809 per square foot.
For comparison, buyers signed contracts for 21 properties valued at a combined $179 million during the previous week in Miami-Dade County.
Thirty-two new luxury listings were added last week across Miami-Dade County, bringing the total number to 1,298 listings.
In New York City during this same period, buyers entered into contracts for 19 homes with a combined asking price of $189.3 million; those properties spent an average of 784 days on the market.
