A waterfront estate in Miami Beach, listed for $34.5 million, led last week’s luxury signed contracts in Miami-Dade County, outperforming other high-end properties in the area.
Edmond and Robin Leidesdorf secured a buyer for their 10-bedroom, 7.5-bathroom home at 1350 West 29th Street. Situated near North Bay Road and the Sunset Islands, the Mediterranean-style estate boasts 325 feet of water frontage, tand wo docks, and occupies a 0.6-acre lot. The nearly 7,400-square-foot property is listed with Michael LeDuc, Mirce Curkoski, and Albert Justo of The Waterfront Team at One Sotheby’s International Realty.
Weekly Highlights in Miami-Dade’s Luxury Market
Between November 18 and 24, the Eklund-Gomes report recorded 10 signed contracts for properties priced at $4 million and above. This report, authored by Douglas Elliman’s top agents Fredrik Eklund and John Gomes, noted a total asking volume of $123.6 million.
- Single-Family Homes:
- Eight single-family homes entered contracts, collectively asking $102.6 million.
- The average asking price was approximately $12.8 million.
- Properties spent an average of 157 days on the market.
- Condos:
- Two condos secured buyers with a combined asking price of $21 million.
- These units averaged $2,700 per square foot and spent an average of 136 days on the market.
Notable Transactions
- Second-Highest Sale:
A seven-bedroom, seven-bathroom waterfront home in Key Biscayne at 4 Harbor Point found a buyer for just under $15 million. Owned by a company linked to Leon Medical Centers founder Benjamin Leon Jr., the 3,890-square-foot home on a half-acre property is listed with Claudine Coto of One Sotheby’s. - Top Condo Sale:
A unit at Bayview on Fisher Island was the most expensive condo to go under contract. Listed at $10.8 million, the 3,580-square-foot, four-bedroom, 4.5-bathroom unit is represented by Carolina Pueyo of One Sotheby’s.
Comparative Market Insights
- Miami vs. Previous Weeks:
- The prior week saw 12 properties go under contract, with a combined asking price of $114 million.
- Miami vs. New York:
- During the same week, New York buyers signed contracts for 22 properties with a total asking volume of $220.6 million. These homes spent an average of 630 days on the market, significantly longer than Miami properties.
Miami-Dade’s luxury real estate market continues to see robust activity, particularly in the single-family home segment, as waterfront properties remain a prized asset. However, market dynamics show varied timelines for sales depending on property type and location.
