🏆 Residential: The top home sale recorded in South Florida was in Miami Beach. Alan and Nancy Manocherian parted with a condo at 800 South Pointe Drive for $14.8 million. Alan Manocherian is part of the Manocherian New York real estate family, and Nancy Manocherian founded a theater incubator called The Cell Theater. The buyers were developer Howard Auman and his wife, life coach and yoga instructor Lindsey Auman. The four-bedroom pad spans 4,200 square feet, pricing the deal at roughly $3,500 per square foot. It has four and a half bathrooms and a balcony. The Manocherians purchased the condo in 2008 for $5.7 million.
🏆 Commercial: An affiliate of HHM Hotels recorded the top commercial deal in the tri-county region, with the sale of a Sheraton hotel at 3900 Northwest 21st Street in Miami, near Miami International Airport, for $67.5 million. The buyer was New York-based Bridgeton Development Group. The 10-story hotel has 405 rooms, and it previously traded a decade ago for $43.3 million.
📊Commercial: In North Bay Village, an LLC managed by Luis Navas offloaded three waterfront parcels of vacant land along East Drive for $19.1 million. Each plot spans 11,200 square feet. Two plots are adjacent, and the third, which has an address of 7922 East Drive, is across the street. The buyer was an affiliate of El-Ad National Properties, a developer based in Boca Raton.
📊 Residential: Meir Levy scooped up a single-family home at 1261 99th Street in Bay Harbor Islands for $8 million, or roughly $1,300 per square foot. The seller was an LLC managed by Avrahom Zagelbaum. The eight-bedroom home spans 6,000 square feet and dates to 2018. It last traded in 2021 for $5.5 million. It went on the market in September, with an asking price of $8.7 million. Shneur Shapiro with The Brokerage South Florida Real Estate had the listing, and Ethan Assouline and Ruthie Assouline Douglas Elliman brought the buyer.
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