🏆 Residential: The top home sale recorded in South Florida was in Hillsboro Beach. Deborah Tarrant, widow of businessman and politician Richard Tarrant, parted with an oceanfront home at 1083 Hillsboro Mile for $36.5 million. The buyer was a trust. The more than 11,000-square-foot mansion has eight bedrooms, an elevator, a pool, six-car garage and balcony. The sale pencils out to about $3,300 per square foot. The home went on the market in November for $42 million. Coldwell Banker Realty’s Jonathan Postma represented both parties in the deal.
📊Residential: In Palm Beach, Richard and Linda Schaps offloaded an 8,700-square-foot home at 631 Island Drive for $31.8 million. Richard Schaps is the CEO of Vag Wagner Group, a sports and entertainment advertising firm. The buyer was an LLC named after the address. The home has seven bedrooms, seven bathrooms, three half-bathrooms, staff quarters, an elevator and a pool, and it sits on the Intracoastal. Margit Brandt with Premier Estate Properties represented both parties in the deal. The Schaps bought the residence in 2012 for $7.9 million; they put it on sale in February with an asking price of just under $40 million.
📊Residential: An 11,400-square-foot mansion at 10061 Southwest 60th Court in Pinecrest sold for $16.5 million, or just under $1,500 per square foot. The sellers were Lisa and Derek Gonzalez, owners of Goat Hospitality Group, and the buyer was a trust. The home, which sits on a nearly 1-acre lot, has 10 bedrooms and was built last year. Its most recent listing price was $18 million. Douglas Elliman’s Fredrik Eklund and Jennifer Goldstein represented the sellers, and Jordan Karp with Jordan Karp LLC brought the buyer.
📊 Residential: In Pinecrest, a home at 6220 Southwest 92nd Street changed hands for $9.4 million. The sellers were Guilherme Ribeiro Do Valle, founding partner and portfolio manager at ABS Global Investments, and his wife, Benjamine Ribeiro Do Valle. The buyer was an LLC managed by Jonathan Abittan, who runs an audiology technology and services company. The 8,900-square-foot mansion sits on a 1.1-acre lot and has six bedrooms and eight and a half bathrooms. The sellers purchased the home in 2021 for $8.9 million and put it up for sale almost two years later, seeking $12.8 million. Judy Zeder with Coldwell Banker Realty had the listing, and the buyer’s agent was Caroline Bovagnet with Mickael Lancri Real Estate.
📊 Residential: Gary and Suzanne Greco — she is the former CEO of Subway — picked up a home at canal-front 35 Compass Isle in Fort Lauderdale’s Bay Colony community for $7.6 million. The sellers, Sean and Monica Dougherty, purchased the property in 2018 for $4.4 million. The five-bedroom home spans just under 7,000 square feet; the most recent transaction pencils out to roughly $1,100 per square foot. Compass’ John O’Flaherty brokered the deal. The home’s asking price, when it hit the market in March, was just under $9 million.
By the Numbers: Homebuyers walked away from deals at record rate in December
In yet another troubling sign for the U.S. home sale market, buyers across the country canceled home sales in December at the highest rate since the pandemic.The share of deals in contract that were nixed hit 16.31 percent last month — a hair above the share of cancellations the country saw in March 2020. This means that in December, buyers canceled about 40,000 home-purchase agreements, according to an analysis from brokerage and data firm Redfin.