Venetian Islands spec mansion asking $48M tops Miami-Dade luxury market

by Grace McClung

A spec mansion in Miami Beach built by a Brooklyn-based construction company landed a contract at an asking price of $47.5 million last week, topping a slower week for Miami-Dade County’s luxury market.  Buyers signed 16 contracts between Sept. 21 and Sept. 27, according to the weekly report by Douglas Elliman’s Eklund-Gomes team. The report tracks all listings in Miami-Dade asking $4 million and above. The properties that went under contract last week spent an average of 137 days on the market and totaled $143 million in asking dollar volume, a steep drop from the previous week, which recorded 26 […]

This article originally appeared on The Real Deal. Click here to read the full story.

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