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A rendering of the Ritz-Carlton Residences, South Beach, which is expected to be completed in 2028.<\/p>\n
Courtesy of Douglas Elliman Real Estate<\/p>\n
Eleven contracts for homes and condos over $4 million were signed Aug. 31-Sept. 6 in Miami-Dade County.<\/p>\n
The combined total of the contracts was around $80 million, down from $132 million over 15 deals during the same stretch last year.<\/p>\n
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.<\/p>\n
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.<\/a><\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n The other top condo contracts were in Sunny Isles Beach and Key Biscayne.<\/p>\n 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.<\/p>\n In Key Biscayne, the top contracts were worth $6.9 million and $4.5 million.<\/p>\n 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.<\/p>\n Top single-family contracts342 S. Parkway, Golden Beach \u2014 $17 million4867 S.W. 82nd St., unincorporated Miami-Dade \u2014 $8 million3499 N. Prospect Dr., Coral Gables \u2014 $7.1 million1001 NE 96th St., Miami Shores \u2014 $4.4 million6751 S.W. 76th Ter., South Miami \u2014 $4.4 millionTop condo contracts1671 Collins Ave., Miami Beach \u2014 $10.5 million15701 Collins Ave., Sunny Isles Beach \u2014 $8.4 million430 Grand Bay Dr., Key Biscayne \u2014 $6.9 million18975 Collins Ave., Sunny Isles Beach \u2014 $4.5 million201 Crandon Blvd., Key Biscayne \u2014 $4.5 million<\/p>\n