🏆 Residential: The top home sale recorded in South Florida was in Surfside, where a condo at 9001 Collins Avenue, the Surf Club Four Seasons Residences, changed hands for $33 million or about $4,500 per square foot. The 7,400-square-foot unit has ocean views, a terrace, seven bedrooms, seven full bathrooms and a half bath. It last sold in 2018 for $21 million, then it went back on the market in 2024 with an asking price of $42 million. Ximena Penuela with Fort Realty represented the seller, SCS 1011 LLC, and Miltiadis Kastanis with Compass brought the buyer, a trust.
🏆 Commercial: Westlake had the top commercial transaction to hit records in South Florida. Home improvement store Lowe’s purchased a 10.6-acre vacant development site at 5683 Seminole Pratt Whitney Road for about $7.5 million. The seller was an affiliate of Coconut Creek-based Minto Communities. Lowe’s plans to build a 147,000-square-foot complex at the location, which will also be used as the company’s regional headquarters.
📊Residential: An LLC led by attorney Greg Herskowitz offloaded a home at 3467 North Moorings Way in Miami’s Coconut Grove for $16.5 million. The buyer was a trust tied to Timothy Carver, who is the CEO of a financial firm. The bayfront, single-family residence measures about 6,300 square feet, pricing the deal at more than 2,600 per square foot. The home, built in 1929, has six bedrooms, six and a half baths and a pool. It first went on the market in March 2024, when it was listed for $29.9 million. The seller had purchased the property in 2022, for $14.7 million. Daniel Hertzberg with Coldwell Banker Realty had the listing, and Judy Zeder, also with Coldwell Banker, represented the buyer.
📊Residential: In Southwest Ranches, Charles and Giselle Capps shed a mansion at 5850 Hancock Road for $7 million or roughly $760 per square foot. The buyer was a trust tied to Richard Doyle. The Capps purchased the home in 2020 for $4.7 million. The residence sits on a 2.1-acre lot, with a six-bedroom main house with elevator, separate guest quarters, a pool, summer kitchen and a five-car garage. It hit the market in November, with an asking price of $7.9 million. Joe Caprio with Joe Caprio & Company Real Estate represented both sides of the transaction.
By the Numbers: CRE prices edge up year over year
U.S. commercial property prices managed to close out 2025 with a small win.
Pricing for commercial assets inched up just 0.2 percent year over year in December, according to RCA’s commercial property index. However, they were down 0.4 percent compared to the month before.
The biggest winner among the main sector types was office, which saw prices up 2.8 percent year over year. The rise was fueled by suburban offices. Prices for those properties grew 2.7 percent compared to the year before — the largest yearly spike since August 2023, according to RCA. Meanwhile, offices in central business districts saw their pricing plunge 2.9 percent year over year.
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