Ocean Bank board member finds buyer for Gables Estates mansion asking $40M

An Ocean Bank board member found a buyer for his waterfront Gables Estates mansion asking $39.5 million.  Buyers signed 12 contracts between Nov. 3 and Nov. 9 for luxury properties in Miami-Dade County, according to a report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $120 million in asking dollar volume and averaged 165 days on the market. The previous week, buyers signed 10 contracts totaling $97.2 million in asking dollar volume. The report tracks signed contracts for single-family homes and condos asking $4 million or more included on the Multiple Listing Service in Miami-Dade. […]This article originally appeared on The Real Deal. Click here to read the full story.