A trust linked to Solly Azar, known for creating the wholesale insurance brokerage model and founding the Solly Azar Insurance Group, has found a buyer for a luxury condo at Oceana Bal Harbour. The unit, listed at $35.9 million, is located at 10201 Collins Avenue and spans 7,442 square feet with four bedrooms and four-and-a-half bathrooms. Ruthie and Ethan Assouline and Eytan Namiech of Douglas Elliman are representing the seller, while Joelle Oiknine’s team at One Sotheby’s International Realty represents the buyer. Records indicate that Azar purchased the two units comprising this property for $16.3 million in 2017.
According to the latest Eklund-Gomes report from Douglas Elliman, which monitors Miami-Dade County listings priced at $4 million or more on the Multiple Listing Service, nine contracts were signed between August 18 and August 24. This marks the third consecutive week with nine deals in this price range. The properties averaged 114 days on the market.
The total asking dollar volume for these seven single-family homes and two condos reached $92.3 million last week. Condos under contract had an average asking price of $20.7 million and spent about 168 days on the market, totaling $41.4 million in volume or approximately $3,119 per square foot.
In addition to Azar’s pending sale, another notable contract involved 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.
The single-family homes that went under contract last week had an average asking price of $7.3 million and spent about 98 days on the market collectively totaling $50.9 million in volume.
Last week also saw activity in New York where buyers signed contracts for 22 homes with a combined asking price of $150.9 million; those properties averaged nearly three years on the market.
