The owner of Quirch Foods has found a buyer for his waterfront mansion in Coral Gables, which is listed for $47 million, according to an April 13 report. The pending sale led the latest signed contracts report in Miami-Dade County for luxury homes.
This transaction is among 17 luxury home contracts signed across Miami-Dade between April 6 and April 12, as reported by the Eklund-Gomes team. The report tracks homes and condos listed at $4 million or more that are included in the Multiple Listing Service. On average, these properties spent 153 days on the market.
A total of thirty-five new luxury listings were added during this period, bringing the countywide inventory to approximately 1,230 listings. In comparison, buyers had signed contracts for nineteen properties with a combined asking price of $157.5 million during the previous week.
For last week’s activity, twelve single-family homes and five condos went under contract with a combined asking dollar volume of $220.4 million. The single-family homes had an average asking price of $12.9 million and also averaged 153 days on the market.
Guillermo Quirch III, co-owner of Quirch Foods, and his wife Lisette are selling their six-bedroom estate at 625 Reinante Avenue in Old Cutler Bay. The couple purchased the property for $5 million before completing construction on their current home in 2022. Dennis Carvajal from One Sotheby’s International Realty holds the listing.
The second highest-priced contract last week was for a mansion at 1005 Fisher Island Drive listed at $36.5 million by Dora Puig of Luxe Living Realty. This nearly 11,000-square-foot residence is one of six custom homes being developed by Jean Madar’s Madar Group and David Cohen within Fisher Island’s Links Estates neighborhood; closing is expected within eighteen months.
Luxury condos that secured buyers last week averaged an asking price of $13.2 million and typically spent about five months on market before finding buyers.
Meanwhile in New York City during this same period, thirty-eight contracts were signed with a combined value exceeding $319 million.
