{"id":239259,"date":"2026-04-20T18:33:22","date_gmt":"2026-04-20T18:33:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/239259\/"},"modified":"2026-04-20T18:33:22","modified_gmt":"2026-04-20T18:33:22","slug":"robert-rivani-finds-buyer-for-palm-island-home-flip","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/239259\/","title":{"rendered":"Robert Rivani Finds Buyer for Palm Island Home Flip"},"content":{"rendered":"

The estate of a late Bal Harbour condo developer who built towers that include the Kenilworth and Bellini secured a buyer for his waterfront home in the same town. And developer Robert Rivani also entered into a contract to sell a Palm Island home.\u00a0<\/p>\n

The pending deal for the Bal Bay Drive home, asking nearly $30 million, topped last week\u2019s signed contracts report in Miami-Dade County.\u00a0<\/p>\n

It\u2019s one of 21 luxury home contracts signed countywide between April 13 and April 19, according to the latest Eklund-Gomes report.\u00a0<\/p>\n

The report tracks listings of homes and condos asking $4 million and up in Miami-Dade<\/a> that are included in the Multiple Listing Service. The properties spent 147 days on the market, on average.\u00a0<\/p>\n

Forty seven luxury listings were added to the market, for a total of 1,257 listings.\u00a0<\/p>\n

The previous week<\/a>, buyers signed 17 contracts for properties in Miami-Dade, asking a combined $220.4 million.\u00a0<\/p>\n

The asking dollar volume for the 13 single-family homes and eight condos under contract last week totals $236.4 million, according to the report published by the Douglas Elliman team, led by Fredrik Eklund and John Gomes.\u00a0<\/p>\n

The single-family homes that entered into contract last week have an average asking price of $12.7 million and spent an average of 127 days on the market. They total $165.1 million in asking dollar volume.\u00a0<\/p>\n

A trust in John Lang Looby\u2019s name is selling the 3,500-square-foot teardown at 220 Bal Bay Drive in Bal Harbour. Looby, who died in 2015<\/a>, also built single-family homes. His nearly half-acre property is on the market with Coldwell Banker\u2019s Monica Betancourt. Looby also owned the home next door, which is now owned by his longtime partner.\u00a0<\/p>\n

The second priciest home to enter into contract last week is the waterfront property at 16 Palm Avenue on Palm Island in Miami Beach. Developer Robert Rivani has the home listed for $27.5 million with Douglas Elliman\u2019s Dina Goldentayer. Rivani paid $23 million<\/a> for the 0.8-acre property in November and planned a multimillion-dollar renovation of the 9,200-square-foot mansion.\u00a0<\/p>\n

The condos that secured buyers last week have an average asking price of $8.9 million and spent 178 days on the market, on average. They total $71.3 million in asking dollar volume, or an average of $2,949 per square foot.\u00a0<\/p>\n

Last week in New York, buyers signed contracts for 39 homes, according to the latest Olshan report<\/a>. Their combined asking price is more than $371 million, and the typical home spent 738 days on the market.<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Quirch Foods owner finds buyer for waterfront Old Cutler Bay estate asking $47M<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Garment magnate\u2019s wife finds buyer for Faena House condo\u00a0<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Montreal developer, As Seen on TV CEO drive Miami-Dade luxury contracts to $292M<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The estate of a late Bal Harbour condo developer who built towers that include the Kenilworth and Bellini…\n","protected":false},"author":2,"featured_media":239260,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124,105982],"class_list":["post-239259","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news","tag-robert-rivani-palm-island"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/239259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=239259"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/239259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/239260"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=239259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=239259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=239259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}