The penthouse at Regalia, a luxury condominium tower in Sunny Isles Beach, has found a buyer, marking the highest-priced residential sale contract last week in Miami-Dade County. According to the latest Eklund-Gomes report, which monitors homes and condos listed for $4 million or more on the Multiple Listing Service, nine contracts were signed between August 4 and August 10.
During this period, properties spent an average of 111 days on the market. The report also notes that 31 new luxury listings were added, bringing the total number of such listings in Miami-Dade to 1,156.
In comparison, buyers signed contracts for 12 properties totaling $96.2 million during the previous week.
The combined asking price for the seven single-family homes and two condos under contract last week reached $109.7 million. The Eklund-Gomes team at Douglas Elliman, led by Fredrik Eklund and John Gomes, authored the report.
Single-family homes under contract had an average asking price of $10.6 million and spent about 126 days on the market. Their total asking dollar volume was $73.9 million.
Among these sales is a waterfront home at 100 Golden Beach Drive in Golden Beach, listed for $18.5 million with Alan Eskenazi, Eli Eskenazi, and Alexander Goldstein of Miles Goldstein Real Estate. Property records show Johnny Grobman and Noemi Geller as owners of the six-bedroom house spanning 7,755 square feet on a 0.6-acre lot overlooking the Intracoastal Waterway. Built in 2004 and expanded in 2016, this property topped pending single-family home sales last week.
Johnny Grobman is currently serving a federal prison sentence after being convicted in connection with a baby formula fraud scheme. In 2022, he received a sentence of over 18 years following his conviction for conspiracy to commit wire fraud; wire fraud; money laundering; conspiracy to obtain pre-retail medical products worth more than $5,000 by fraud or deception; theft of pre-retail medical products; and smuggling goods from the United States. He has been ordered to pay $142 million in restitution.
Condos that went under contract last week had an average asking price of $17.9 million and spent about 60 days on the market. Their total asking dollar volume was $35.8 million—an average of $3,308 per square foot.
Leading condo sales was Penthouse 43 at Regalia located at 19575 Collins Avenue in Sunny Isles Beach. Listed for $19.9 million with Danny Hertzberg of Jills Zeder Group at Coldwell Banker, this two-story penthouse spans 10,755 square feet with six bedrooms and six-and-a-half bathrooms. It features a rooftop pool, a wine cellar capable of holding up to 500 bottles, and its own movie theater. The developers lost ownership when it sold via auction for $20.5 million in 2022 after previously being listed as high as $33.9 million.
For comparison, New York saw buyers sign contracts for 22 homes last week with a combined asking price of $283.6 million; those properties spent an average of nearly two years on the market.
