🏆 Residential: The priciest residential transaction recorded in South Florida was in Miami Beach, where a waterfront, single-family home at 20 West Dilido Drive on the Venetian Islands changed hands for $16.8 million. The seller was an LLC tied to Mexican singer Paulina Rubio, and the buyer was Tidal Property Group LLC. Per county records, the property dates to 2004 and measures about 3,800 square feet, pricing the deal at more than $4,400 per square foot. The transaction appears to have been off market.
🏆 Commercial: The top recorded commercial deal in South Florida was in Pompano Beach. A portion of The Pomp, a mixed-use development at 777 Isle of Capri Circle, sold for $50 million. The seller was an affiliate of Baltimore-based The Cordish Companies, the master developer of the massive project with Reno-based Caesars Entertainment, and the buyer was an LLC tied to Lennar Homes and Millrose Properties. The Pomp, once completed, will have 4,000 residential units, two hotels, 1.3 million square feet of retail and entertainment space and 1.4 million square feet of office space.
📊Residential: In Miami, the city’s former mayor, Francis X. Suarez, and his wife, Gloria, scooped up a six-bedroom, single-family home at 6900 Southwest 72nd Court sold for $7.4 million or $1,105 per square foot. The seller was an LLC with developer Servito Morales as member. The home, built this year, spans about 6,700 square feet and has seven and a half baths, an outdoor grill and a pool. It went on the market in June for just under $10 million. Michael Martinez with One Sotheby’s International Realty had the listing, and Jordan Karp with Jordan Karp LLC brought the buyers.
📊Commercial: A waterfront multifamily complex at 700 and 750 Northeast 61st Street in Miami traded for $16.5 million. The seller was an LLC managed by Miami- and New York-based Hyperion Group, led by Robert Vecsler. The buyer was Morningside Sunrise Development, LLC. The property at 700 is a two-story building spanning about 5,500 square feet and with six units. The other property has 12 units and measures more than 13,200 square feet. The deal works out to about $880 per square foot. The buildings last sold in 2012, for $2.7 million.