🏆 Residential: On the residential side, the most expensive home sale was in Palm Beach Gardens, where a 9,800-square-foot mansion at 12218 Tillinghast Circle traded for $14 million. The seller, a trust linked to David C. Chung, bought the property in 2021 for $8.2 million. The buyer was a company managed by real estate agent Diane Bekkedam. The home has five bedrooms and seven and a half bathrooms and sits on a 1.1-acre lot. The deal breaks down to about $1,400 per square foot. The home went on the market in January with an asking price of $16 million. Geraldine Stanko with Compass had the listing.
📊 Residential: In Miami, real estate developer Jay Massirman parted with a home at 5001 Pine Drive for $13.5 million. The buyer was a trust. Built in 2004, the property has two bedrooms, nine full bathrooms and two half bathrooms. It last sold in 2023 for $8.5 million. Massirman listed the home for sale in August for $17.9 million. Judy Zeder with Coldwell Banker Realty represented Massirman, and Omar Morales with Outlook Realty brought the buyer.
📊 Residential: In Pinecrest, a newly built home at 6475 Southwest 92nd Street sold for $11.5 million. The home has six bedrooms and seven and a half bathrooms. It sits on a 0.8-acre lot. The residence went on the market in March for $12.5 million. One Sotheby’s International Realty’s Michael Martinez had the listing, and Compass’ John Sandberg brought the buyers, Nicholas McMahon and Rebeca Nunez. The seller was 6475 Investments LLC, led by attorney Pedro Echarte.
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