A trust associated with Solly Azar, known for developing the wholesale insurance brokerage model, has secured a buyer for a Bal Harbour condominium listed at nearly $36 million. The transaction involves Unit 2601 at Oceana Bal Harbour, located at 10201 Collins Avenue. The four-bedroom, four-and-a-half-bathroom condo spans 7,442 square feet and was listed for $35.9 million, or $4,824 per square foot. Ruthie and Ethan Assouline and Eytan Namiech of the Assouline Team at Douglas Elliman represent the seller, while Joelle Oiknine’s team at One Sotheby’s International Realty is representing the buyer. Records indicate that Azar purchased the two units comprising this residence for $16.3 million in 2017 when the building was completed.
The latest Eklund-Gomes report notes that from August 18 to August 24, buyers signed nine contracts in Miami-Dade County for homes and condos priced at $4 million or more. This marks the third consecutive week with nine contracts signed. On average, properties spent 114 days on the market during this period.
The report states that seven single-family homes and two condos under contract last week totaled an asking dollar volume of $92.3 million. The two condos had an average asking price of $20.7 million and were on the market for an average of 168 days, totaling $41.4 million in asking dollar volume—or about $3,119 per square foot.
In total, thirty-eight new luxury listings were added to the Miami-Dade market last week, bringing the overall number to 1,141 listings.
Among single-family homes entering contract last week, the average asking price was $7.3 million with an average time on market of 98 days. These properties totaled $50.9 million in asking dollar volume.
The highest-priced single-family home under contract is a six-bedroom house at 3976 Little Avenue in Coconut Grove, listed for nearly $13 million by Judy and Nathan Zeder of Coldwell Banker’s Jills Zeder Group. The restored Spanish colonial home sits on a 0.4-acre lot and was previously sold for $5.1 million in 2021.
Comparatively, New York saw buyers sign contracts for 22 homes last week with a combined asking price of $150.9 million; these properties spent an average of 993 days on the market.
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