Oil recycling entrepreneur Steven Lempera has found a buyer for his Gables Estates mansion, which was listed at $54.9 million. Lempera purchased the property at auction in 2019 for $25.5 million, shortly after selling his company to Patrick Dovigi’s GFL Environmental.
The sale is among 16 contracts signed between August 25 and August 31, as reported by the Eklund-Gomes team at Douglas Elliman. The report tracks Miami-Dade County homes and condos listed for $4 million or more on the Multiple Listing Service. On average, these properties were on the market for 180 days.
During that week, 23 new luxury listings were added in Miami-Dade County, bringing the total to 1,119 active listings. In comparison, buyers had signed nine contracts the previous week totaling $92.3 million in asking price.
According to the Eklund-Gomes report led by Fredrik Eklund and John Gomes, last week’s contracts—covering nine single-family homes and seven condos—amounted to a combined asking dollar volume of $195 million.
Single-family homes under contract last week had an average asking price of $14.8 million and spent about 142 days on the market. Their combined asking value reached $133.2 million.
Lempera’s property is represented by Eddy Martinez and Roland Ortiz of One Sotheby’s International Realty. The estate features eight bedrooms and nine-and-a-half bathrooms on a 1.2-acre point lot with amenities including a pool, hot tub, outdoor kitchen, and dock. Built in 2018, it has nearly 19,000 square feet of interior space.
The second most expensive house to go under contract was a waterfront home at 2288 Sunset Drive in Miami Beach’s Sunset Islands neighborhood. The seven-bedroom residence spans 6,581 square feet on a third-acre lot and was built by Todd Michael Glaser. It is listed with Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty for $29.5 million. Records indicate ownership by a company managed by Tom Del Bosco of Smith Management, which is connected to Alden Global Capital.
Condos that found buyers last week averaged an asking price of $8.8 million after spending roughly 229 days on the market; together they totaled $61.8 million in value or approximately $2,703 per square foot.
Martinez and Ortiz are also co-listing unit 38 at Regalia in Sunny Isles Beach—the highest-priced condo to enter into contract last week—at an asking price of $15.9 million for nearly 5,000 square feet with four bedrooms and six bathrooms. Records show Regalia 38 LLC acquired this unit for $10.2 million in 2022.
In New York during the same period, buyers signed contracts for sixteen homes with a combined asking price of $111.5 million; these properties typically spent over three years on the market according to the Olshan report.
