🏆 Residential: A Wellington estate marked the top residential home sale to hit records in South Florida. An LLC managed by Jason Golden parted with a 10,800-square-foot mansion at 11380 Long Meadow Drive for $16.3 million. The buyer was an LLC managed by Alejo Pedroza Paez. The 1.1-acre estate includes a main house with five bedrooms, game room, exercise room, spa, sauna and steam room. It also has a pool, separate two-bedroom guest house, and five-car garage with a one-bedroom apartment. The residence hit the market in December, with an asking price of just under $18 million. Douglas Elliman’s Kristina Lloyd brokered the deal.
🏆 Commercial: Miami Beach had the top commercial deal recorded in South Florida, with the sale of a one-story, 7,800-square-foot retail property at 716-720 Lincoln Road for $11.8 million — roughly a third its prior sale price. The seller was an LLC tied to JSRE Acquisitions, and the buyer was an LLC tied to Miami-based developer Michael Simkins. JSRE had owned the property since 2014, when it purchased the store for $34.5 million.
📊 Residential: In Boca Raton, a waterfront home at 155 Southeast Spanish Trail changed hands for $13.5 million. The sellers were Phillip DeLeon and Paula Chusid, and the buyers were investor Emil Lotyanu and his wife, Natalia Lotyanu. The six-bedroom mansion spans 9,300 square feet and was built in 2005. It has a six-car garage, seven full bathrooms, three half bathrooms, an elevator, built-in grill, dock and pool. The sale pencils out to just under $1,500 per square foot. The sellers purchased the home in 2010 for $5.8 million; it has been on and off the market since 2021, with a most recent asking price of $13.8 million. Serhant’s Dovi Ettedgui had the listing, and Douglas Elliman’s Elaine Tatum brought the buyer.
📊 Commercial: A multifamily complex at 7917 West Drive in North Bay Village traded for $10.5 million. The seller was Coral USA LLC, which purchased the property in 2014 for $4.4 million, and the buyer was Woodpecker Investments LLC. The waterfront property spans 22,600 square feet and stands two stories tall. It has 30 units and dates to 1963.If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.
