Oil recycling entrepreneur Steven Lempera has secured a buyer for his waterfront mansion in Gables Estates, with an asking price of $54.9 million. Lempera originally acquired the property at auction in 2019 for $25.5 million, shortly after selling his company to Patrick Dovigi’s GFL Environmental.
The pending sale is among 16 contracts signed between August 25 and August 31, according to the Eklund-Gomes report. This report tracks Miami-Dade County listings for homes and condos priced at $4 million or more that are included in the Multiple Listing Service. On average, these properties spent 180 days on the market.
During this period, 23 new luxury listings were added in Miami-Dade, bringing the total number of available listings to 1,119.
In comparison, buyers signed contracts for nine properties the previous week with a combined asking price of $92.3 million.
The Eklund-Gomes report notes that last week’s nine single-family homes and seven condos under contract had a total asking dollar volume of $195 million. The average asking price for single-family homes entering contract was $14.8 million, with an average market time of 142 days and a combined value of $133.2 million.
Lempera’s estate features eight bedrooms and nine-and-a-half bathrooms on a 1.2-acre point lot equipped with amenities such as a pool, hot tub, outdoor kitchen, and dock. Built in 2018, it offers nearly 19,000 square feet of interior space and is listed by Eddy Martinez and Roland Ortiz of One Sotheby’s International Realty.
The second-highest priced home under contract last week is located at 2288 Sunset Drive in Miami Beach. The waterfront property spans about 6,581 square feet on Sunset Islands and includes seven bedrooms and nine-and-a-half bathrooms. Built by Todd Michael Glaser and listed by Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty, it was completed last year and is offered at $29.5 million by an entity managed by Tom Del Bosco from Smith Management tied to Alden Global Capital.
Luxury condos that found buyers last week averaged an asking price of $8.8 million after spending about 229 days on the market collectively amounting to $61.8 million in volume or roughly $2,703 per square foot.
Martinez and Ortiz are also representing unit 38 at Regalia in Sunny Isles Beach—the highest-priced condo to enter into contract last week—with four bedrooms and six bathrooms across nearly 5,000 square feet at an asking price of $15.9 million; Regalia 38 LLC bought this unit for $10.2 million in 2022.
For context outside Florida markets: In New York last week there were also sixteen homes placed under contract according to the Olshan report; their total combined asking price reached $111.5 million with each property spending an average of over three years on the market.
