A rendering of the Ritz-Carlton Residences, South Beach, which is expected to be completed in 2028.
Courtesy of Douglas Elliman Real Estate
Eleven contracts for homes and condos over $4 million were signed Aug. 31-Sept. 6 in Miami-Dade County.
The combined total of the contracts was around $80 million, down from $132 million over 15 deals during the same stretch last year.
The top contract was for a home in Golden Beach, a small, affluent oceanfront municipality in Northeast Miami-Dade, which went under contract for $17 million. The six-bedroom home has waterfront access on the Intracoastal.
The town, which has fewer than 1,000 residents and is just south of the Broward border, punches above its weight on the luxury real estate market. Last month, a home in Golden Beach went under contract for nearly $80 million.
The second- and third-priciest contracts of the week were in the Coral Gables area. A six-bedroom home at 4867 SW 82nd St. went under contract for $8 million, and a five-bedroom waterfront home at 3499 N. Prospect Dr. went under contract for $7.1 million.
The top condo contract was the pre-construction purchase of a $10.5 million unit in the Ritz-Carlton Residences, South Beach. The luxury oceanfront condo building, just off Lincoln Road, is expected to be completed in 2028.
Another South Beach condo, a unit in Five Park, made the list with a $4.3 million contract. Five Park, which overlooks the MacArthur Causeway, is the tallest building in Miami Beach at 519 feet.
The other top condo contracts were in Sunny Isles Beach and Key Biscayne.
An $8.4 million contract in a Ritz-Carlton branded condo tower and a $4.5 million contract in the Armani-branded residential tower made the list in Sunny Isles Beach.
In Key Biscayne, the top contracts were worth $6.9 million and $4.5 million.
The top new listing last week was a condo in Seaway at The Surf Club in Surfside. The unit was listed for just under $60 million.
Top single-family contracts342 S. Parkway, Golden Beach — $17 million4867 S.W. 82nd St., unincorporated Miami-Dade — $8 million3499 N. Prospect Dr., Coral Gables — $7.1 million1001 NE 96th St., Miami Shores — $4.4 million6751 S.W. 76th Ter., South Miami — $4.4 millionTop condo contracts1671 Collins Ave., Miami Beach — $10.5 million15701 Collins Ave., Sunny Isles Beach — $8.4 million430 Grand Bay Dr., Key Biscayne — $6.9 million18975 Collins Ave., Sunny Isles Beach — $4.5 million201 Crandon Blvd., Key Biscayne — $4.5 million
Miami Herald
Catherine Odom covers real estate for the Miami Herald. She previously interned on the Herald’s government team and has worked as a journalist in Germany and Armenia. She is a graduate of Northwestern University.