The Real Deal Miami

High-end home sales smash records as South Florida market catches fire

A-Rod's home, Fort Lauderdale eight-bedroom are most expensive trades in respective counties
May 29, 2013 02:00PM


From left: A-rod, 4358 North Bay Road and the Jills team at Coldwell Banker

The very high-end of the South Florida market is seeing a spurt of record-breaking sales, such as the $30 million deal for slugger Alex Rodriguez’s Miami Beach “party pad” to beer distributor Stephen Levin, the Miami Herald reported.

The home, at 4358 North Bay Road, was the most expensive sale ever in Miami Beach, the paper said. But it is representative of the white hot luxury market in South Florida in general, too.

“The market is on fire here,’’ Jill Eber of “the Jills” team at Coldwell Banker, who represented the buyer in the deal, told the Herald.

Her partner Jill Hertzberg agreed: “The luxury market used to be more seasonal. But now there’s such an influx of people from around the world, some of our biggest sales are happening in summer.”

And last Friday in Fort Lauderdale, an eight-bedroom, eight-bath house at 2400 Del Lago Drive in Harbor Beach sold for $17.5 million — a Broward County record.

“The prices have obviously come back in the luxury tier and have now exceeded their highs,’’ a president at One Sotheby’s International Realty, Beth Butler, told the Herald. “Last to drop, first to rally.’’ [Miami Herald] –Guelda Voien