Miami-Dade County saw buyers sign contracts for 29 luxury homes totaling $292.4 million between March 23 and March 29, according to the latest Eklund-Gomes signed contracts report released on Mar. 30.
The data highlights ongoing demand for high-end properties in the region, with both waterfront homes and upscale condos attracting significant interest from buyers. The tracked listings included homes and condos asking $4 million or more that are listed on the Multiple Listing Service, with properties spending an average of 173 days on the market.
During this period, fifty new luxury listings were added, bringing the total to 1,251 available properties. The previous week saw buyers sign contracts for 26 Miami-Dade properties with a combined asking price of $295 million. Of last week’s deals, there were fourteen single-family homes and fifteen condos under contract.
Single-family homes entering into contract had an average asking price of $12 million and spent about 168 days on the market, totaling $167 million in volume. The most expensive single-family property was a waterfront teardown at 29 East San Marino Drive on Miami Beach’s Venetian Islands, listed at $30 million by Dora Puig of Luxe Living Realty. Property records indicate it is owned by 29 ESM INC and was previously purchased for $6.8 million in 2015; it was also home to late restaurateur Karim Masri until his death in 2024.
Another notable sale involved a newly built seven-bedroom home at 5515 Pine Tree Drive developed by Georges Dayan’s Groupe Dayan, which is listed at $25.9 million through Douglas Elliman agents Bryan Sereny, Kaila Mardoyan and Bill Hernandez.
Condos under contract averaged an asking price of $8.3 million with an average time on market of 177 days and totaled $125.2 million in volume—about $2,400 per square foot overall. The highest-priced condo pending sale last week was unit 10A at Faena House (3315 Collins Avenue), where Ashok “Chuck” Khubani—founder and CEO of Ontel Products—is seeking nearly $23 million through Keller Williams’ Nicole Gary; Khubani bought the unit for $18.5 million in 2015.
For comparison, New York City recorded thirty-three signed contracts during the same week with a combined value exceeding $264.3 million; those properties typically spent much longer—608 days—on the market.
