🏆 Residential: The most expensive home sale recorded in South Florida was in Surfside. A condo at 9111 Collins Avenue, the Four Seasons Residences at the Surf Club, changed hands for $9.8 million, or about $2,900 per square foot. The seller was an LLC managed by Adelbert Timm Moll, and the buyer was a trust. The seller purchased the unit in 2020 for $5.6 million; it had been on and off the market since 2022, when the seller first listed the pad for $17.9 million. The condo spans about 3,400 square feet and has two bedrooms and two and a half baths. Fort Realty’s Ximena Penuela had the listing, and Douglas Elliman’s Dustin Nero brought the buyer.
🏆 Commercial: The priciest commercial deal recorded in South Florida was for an office property at 1200-1300 Southwest 145th Avenue, which sold for $44.5 million. The seller, an affiliate of Atlanta-based TPA Group, purchased the property for $12.2 million in 2017. The buyer in the latest deal was an LLC tied to Miami-based Midtown Capital Partners. The property spans nearly 263,000 square feet, pricing the transaction at about $170 per square foot.
📊 Commercial: In West Palm Beach, a Holiday Inn Express at 2485 Metrocentre Boulevard traded for $10.5 million. The seller was an LLC managed by Anil Parag and Sanjay Parag. The buyer was a company led by Hemant Zaver Patel. The seller had owned the site since 2003, purchasing it for $580,000. The hotel was built in 2008 and has 77 rooms. It spans nearly 38,000 square feet. The deal works out to about $275 per square foot.
📊 Residential: Alexandros Xakoustis, owner of a furnishing and interior design firm, and Thatiana Silva bought a waterfront home at 1315 North Venetian Way in Miami Beach for $8.1 million. The sellers were Diego Malta and Maria Guarneri, who had owned the property for decades. The latest deal appears to have been off market.If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.
