“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
Go big or go (bigger!)…home? While South Florida continues to experience a record-shattering residential real estate sales cycle over the past two years, not all listings are created equal, and some recent price and sales numbers have wowed even the most jaded of observers. From Palm Beach to Golden Beach to Coconut Grove, some ultra-luxury home sellers are seizing the moment and cashing out at what appears to be the apex of the market. Will we see some form of a correction in this sector, or will nine-figure deals become the new normal? We explore it in this edition of “South Florida by the numbers.”
$173 million
Florida record-setting sale price of billionaire internet entrepreneur Jim Clark’s Manalapan compound, a 16-acre, 63,200-square-foot home boasting 1,200 feet of water frontage, purchased by Oracle co-founder (and fellow billionaire) Larry Ellison. This sale broke Florida’s previous record of $122.7 million, set in 2021 for a Palm Beach mansion. [TheRealDeal]
$170 million
Current asking price of La Gorce Island compound owned by the trust of the late Dr. M. Lee Pearce, an activist investor who owned hospitals, banks and real estate. The nearly 3-acre property includes one two-story home with five bedrooms, seven bathrooms and three half-bathrooms; one house with two bedrooms, two bathrooms, one half-bathroom and a guest house; and a two-story house with five bedrooms, seven bathrooms and five half-bathrooms. Each house has its own dock. [TheRealDeal]
$150 million
Current asking price of Miami businesswoman and philanthropist Adrienne Arsht’s 4-acre Coconut Grove estate, listed by Master Brokers Forum member Ashley Cusack. Combined, the two homes on the estate have 12 bedrooms and 13 and a half bathrooms. [TheRealDeal]
$100 million
Current asking price of a Golden Beach oceanfront estate owned by Edith Newman, who lived there with her late husband, former electronics company owner Joel Newman. The property is directly on the sand with 250 feet of ocean frontage, a home theater, bowling alley, spa, gym, wine cellar and pool. [TheRealDeal]
$93 million
Total price of three conjoined Golden Beach homes purchased over the past year by InterSystems founder Phillip Ragon. Mr. Ragon purchased each home separately, and when combined, the estate will span a total of roughly 1.7 acres with about 275 feet of ocean frontage. The purchaser plans to raze all three residences and replace them with a new single-family home. [MansionGlobal]
This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.