🏆 Residential: The highest house sale recorded in South Florida was in Miami Seashore, the place a 6,400-square-foot house at 7960 Biscayne Level Circle bought for $10.8 million or about $1,700 per sq. foot. The vendor was John Backus, and the customer was a belief. The waterfront house, inbuilt 2019, has 5 bedrooms and 6 and a half baths. Backus bought the house in 2022 for $13 million. It went available on the market in September 2024, with an asking worth of $15.9 million. Michael LeDuc with One Sotheby’s Worldwide Realty had the itemizing, and Jessica Nasib with JMK Actual Property Brokers introduced the customer.
🏆 Industrial: West Palm Seashore had the highest business actual property transaction to hit data, due to the sale of a Delta Resorts by Marriott branded property at 1301 Belvedere Street for $23.8 million. The vendor of the greater than 130,000-square-foot property was Sagar Dasai’s Activate Hospitality, which had acquired the constructing and an adjoining empty growth website in 2023. The customer within the newest deal was an affiliate of Toronto-based Palm Holdings. The opposite lot doesn’t seem to have been a part of the transaction.
📊Residential: In Palm Seashore, a apartment at 340 South Ocean Boulevard modified palms for $9.1 million. The vendor was an LLC managed by Joseph Loren Connor, and the customer was ZAD PB LLC. The 2-bedroom pad spans about 2,100 sq. toes, pricing the deal at roughly $4,300 per sq. foot. The unit final bought in 2020 for $3 million. The most recent deal seems to have been off market.
📊Residential: In Coconut Grove, a 4,700-square-foot, single-family house at 3470 Poinciana Avenue traded for $7.6 million. The deal works out to about $1,600 per sq. foot. The sellers have been Jacqueline MacLeod and Brian Lippey. The customer was a belief tied to non-public fairness agency founder Richard Shipley. The five-bedroom residence dates to 2020; it has six and a half loos, a balcony and a pool. It went available on the market in September 2024 for $8.8 million. Riley Smith and Brian Sehmann with Compass represented the vendor, and the customer’s consultant was BHHS EWM Realty’s Nicole Alexander
By the Numbers: Broward County leads South Florida’s office sales growth
Whereas Miami-Dade County nonetheless boasts the most important worth tags for workplace properties, Broward County took the highlight final 12 months because the sector’s funding darling in South Florida.
Broward final 12 months recorded a 93 % year-over-year spike in its workplace gross sales final 12 months, the best progress in South Florida, in line with a TRD Knowledge evaluation of CBRE information. The county raked in almost $651.5 million value of offers final 12 months.
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