A double waterfront lot on Miami Beach's San Marco Island sold for $23.5 million, offering a rare opportunity to own 120 feet of shoreline along the Venetian Islands.

The property at 1266 and 1276 S. Venetian Way spans approximately 21,000 square feet and includes a four-bedroom home, three boat docks, a private beach area and outdoor recreational amenities.

The transaction closed Oct. 12, according to multiple listing service records. The South Florida Business Journal reported the transaction in September.

Private beach, sports courts

The combined property features a 3,603-square-foot residence with four bedrooms, four full bathrooms and one half-bathroom.

Outdoor amenities include a resort-style swimming pool, padel and volleyball courts, a tiki bar, fire pit, built-in barbecue area and waterfront lounges.

The $23.5 million purchase price works out to approximately $1,119 per square foot of land.

Reid Heidenry of One Sotheby's International Realty represented the seller. The buyer was identified as an entity managed by Brenna Wadleigh, CEO of Southlake, Texas-based N3 Real Estate, according to reporting by The Real Deal.

The properties previously sold for a combined $12.9 million in 2020.

Surf Club condo draws $17M offer

Another high-end Miami Beach-area property drew attention during the week of Sept. 28 through Oct. 4.

A condominium at the Four Seasons Residences at the Surf Club, 9111 Collins Ave. in Surfside, went under contract with a $17 million asking price.

Unit N417 spans approximately 3,000 square feet and includes two bedrooms, two full bathrooms and one half-bathroom. Its asking price represents approximately $5,667 per square foot.

Christopher Wands of Douglas Elliman listed the residence. The seller, Surfside N417 LLC, purchased the unit for $6.2 million in 2020.

The contract price does not establish the property's eventual sale price.

Luxury contracts total $169.7M

Luxury buyers signed 17 residential contracts across Miami-Dade County during the week of Sept. 28 through Oct. 4, representing $169.7 million in combined asking prices, according to Douglas Elliman's Eklund-Gomes team's weekly market report.

The activity included 12 single-family homes with a combined asking value of $111.3 million and five condominiums totaling $58.4 million.

Single-family homes averaged 164 days on the market, compared with 300 days for condominiums.

The previous week recorded 16 contracts totaling $143 million in asking prices.

The figures reflect the asking prices of properties that went under contract, not completed sales or final transaction values.