An Ocean Bank board member has secured a buyer for his waterfront mansion in the Gables Estates neighborhood of Coral Gables, which was listed at $39.5 million.
According to a report from Douglas Elliman’s Eklund-Gomes team, 12 contracts were signed between November 3 and November 9 for luxury properties in Miami-Dade County. The total asking price for these properties reached $120 million, with homes averaging 165 days on the market. This represents an increase from the previous week, when buyers signed 10 contracts totaling $97.2 million.
The report tracks signed contracts for single-family homes and condos priced at $4 million or more that are listed on the Multiple Listing Service in Miami-Dade. Last week saw 70 new listings added, bringing the total number of active listings to 1,228.
Of the pending sales last week, eight were single-family homes and four were condos. The average asking price for condos was $7.9 million, or about $2,294 per square foot, with an average of 93 days on the market. Single-family homes averaged an asking price of $11 million and spent around 201 days on the market.
The highest-priced home to find a buyer last week was located at 540 Leucadendra Drive in Coral Gables—a 12,300-square-foot waterfront property within the gated Gables Estates community. Records identify the sellers as Guida Yolanda Rodriguez Macedo and Javier Macedo Rodriguez, who is a board member at Miami-based Ocean Bank. They purchased the one-acre property for $6.2 million in 2015 and completed construction on the home in 2018.
The residence features eight bedrooms, seven bathrooms, four half-bathrooms, a gym, office space, guest quarters, and a pool according to records and listing information. It has been listed multiple times over several years with prices reaching as high as $45 million before returning to market this September at its current asking price of $39.5 million on Zillow. Judy Zeder and Nathan Zeder with Jills Zeder Group at Coldwell Banker Realty hold the listing.
The second most expensive contract signed last week was for a house at 2931 Emathla Street in Miami, which was listed at $12 million. Sellers David and Marcela Herskowitz bought the half-acre property for $1.7 million in 2020; David Herskowitz is a Los Angeles-based developer and co-owner of Cutting Edge Developments alongside Santiago Arana of The Agency. Completed in 2023, their home includes six bedrooms, four bathrooms, spa facilities, a gym and pool based on records and listing details.
This property was listed for sale at $12 million in October according to Zillow; Mickael Lancri with Mickael Lancri Real Estate is handling the listing.
