Reality TV personality Sam Logan purchased a waterfront mansion in Miami’s Belle Meade for $22.1 million, making it the most expensive deal among 21 contracts signed in Miami-Dade County from Nov. 17 to Nov. 23, according to a report by Eklund-Gomes. The report tracks listings of homes and condos priced at $4 million and above that are listed on the Multiple Listing Service.
The properties under contract last week spent an average of 196 days on the market. During the same period, 57 new luxury listings were added, bringing the total number of such listings in Miami-Dade to 1,294.
In comparison, buyers had signed contracts for only 15 properties with a combined asking price of $100.2 million the previous week.
The single-family homes entering into contract last week had an average asking price of $8.7 million and were on the market for an average of 114 days, totaling $104.5 million in asking dollar volume.
Logan’s purchase was from spec developer Mohammed Hussain. The Belle Meade property at 905 Belle Meade Island Drive spans over 10,000 square feet on a 0.4-acre lot and was originally listed for $25 million before being sold to Logan, who is known for his appearance on MTV’s “Siesta Key.” The sale was recorded in the Multiple Listing Service at the same time as the deed filing. The newly completed home includes seven bedrooms, eight and a half bathrooms, an eight-car garage, gym, and spa.
Condominiums that found buyers last week averaged an asking price of $8.3 million and stayed on the market about 304 days each. In total, they represented $74.4 million in asking dollar volume with an average price per square foot of $1,595.
Among pending condo sales is a unit at Apogee in Miami Beach—unit 1204 at 800 South Pointe Drive—owned by Alan and Nancy Manocherian of New York’s Manocherian family. Julian Johnston from Corcoran Group has listed this four-bedroom condo for $15 million.
For context, during the same week in New York City, buyers signed contracts for 29 homes with a combined asking price nearing $242.8 million; these homes spent an average of almost two years on the market before finding buyers.
