“South Florida by the numbers” is a world-wide-web characteristic that catalogs the most notable, quirky and stunning genuine estate stats.
As the indicating goes, documents are meant to be broken. (Specifically in household authentic estate, wherever the compass ordinarily points north all the time.) But the sheer flurry of “highest priced on the market” and value-shattering South Florida residence income in excess of the previous two a long time has been incredible, even having into account the relentless degree of need and barren degree of stock. In a lot of approaches, the luxury sector is its have arena, and the gamers generally get just what they want. We look at the development of big-ticket residence product sales in this version of “South Florida by the numbers.”
$188 million
Inquiring price of Tarpon Isle (a 2.3 acre male-created estate in Palm Beach that went into contract this week), making it the maximum priced home in that industry and No. 2 in Florida. The remaining sale price and customer are mysterious at the time of this creating. The 11-bedroom, 15-rest room compound has been on and off the marketplace various periods since it was purchased by mentioned spec dwelling developer Todd Michael Glaser and several partners for $85 million in 2021. [TheRealDeal]
$120 million (moreover)
Reported sale cost of a penthouse at the prepared Shore Club, an Auberge Resorts Selection-branded rental-hotel venture in Miami Seaside, which would established a apartment rate record in Miami-Dade County, if and when it closes (the moment the improvement is finished, which is expected in 2026). The 10,500-sq.-foot penthouse will have about 7,500 square ft of terraces and its have rooftop pool. [TheRealDeal]
$107 million
Sale price of Adrienne Arsht’s waterfront estate in 2022, bought by hedge fund billionaire Ken Griffin. (Grasp Brokers Forum member Ashley Cusack represented Arsht in the sale, which set a price tag record for solitary-family property product sales in Miami-Dade County.) Griffin, who has famously moved his family and corporations to South Florida, is worthy of extra than $26 billion, in accordance to Forbes. [TheRealDeal]
$45 million
Sale cost of a waterfront North Bay Road assets, at this time under deal by billionaire media tycoon Barry Diller. The vendor is Linked Providers President Bruce Beal, Jr., and the rate would make it a history for waterfront North Bay Highway homes. (Beal tore the past household at 5930 North Bay Road down right after purchasing it for $18.5 million in 2018.) [TheRealDeal]
$14 million
Sale price tag of local billionaire Jorge Mas and his wife’s Pinecrest estate, marking a file for the Miami-Dade County town. In this abnormal offer, the customer was the village of Pinecrest alone, which designs to use the 5-acre residence at 11855 Southwest 60th Highway as a park and indoor facility. (Mas, a bulk owner of Miami’s Main League Soccer workforce, Inter Miami, is donating $3.9 million back to the municipality in trade for naming legal rights, as the park will be named soon after Mas’ spouse, Aleyda Mas.) [TheRealDeal]
This column is generated by the Learn Brokers Discussion board, a network of South Florida’s elite serious estate experts wherever membership is by invitation only and centered on remarkable manufacturing, as very well as ethical and specialist behavior.
