🏆 Residential: The priciest home sale recorded in South Florida was for a condo at 6800 Fisher Island Drive in Miami Beach, which sold for $15 million. The buyers were Mark Wesley Lasher and Shari LaForest Lasher, along with two limited partnerships, and the buyer was Winterbase LLC. The unit, which spans 4,800 square feet, has four bedrooms and four and a half baths. It last sold in July for $12.5 million. The latest sale works out to about $3,100 per square foot.
🏆 Commercial: The top commercial deal to hit records was for the University Preparatory Academy in West Palm Beach. Temple Israel of West Palm Beach purchased a building at 2101 North Australian Avenue for $13 million. The seller was Building Hope, a Washington, D.C.-based nonprofit that builds and operates schools. The property measures about 42,000 square feet and sits on an 8.5-acre lot.
📊 Residential: In Surfside, a waterfront residential vacant lot at 9224 Bay Drive traded for $13.9 million. It sold in February 2024 for $10 million and returned to the market in March 2025 for $15.7 million. Shneur Shapiro with The Brokerage South Florida Real Estate represented the seller, an LLC tied to Phoenix-based Tratt Properties. The buyer was 9224 Bay Residence LLC.
📊 Residential: Baseball star Derek Jeter’s home at 7275 Old Cutler Road in Coral Gables sold for $13.2 million, about $1,600 per square foot. The 8,200-square-foot mansion built in 2004, has seven bedrooms and seven bathrooms. The residence hit the market in January, with an asking price of $14.9 million; it last sold in 2018 for $6.5 million. The sale was brokered by Diana Gutierrez of Mocca Realty and Maurice Boschetti of Compass.
By the Numbers: U.S. housing prices see tepid growth in 2025 as inflation erased gains
While U.S. housing prices hit a record high last summer, inflation effectively erased those gains by the end of last year.
National home prices last year climbed 1.3 percent, which was the weakest full-year increase since 2011, when housing prices fell by nearly 4 percent, according to the S&P Cotality Case-Shiller Index for December.
Last year’s annual gain was also well below the 10-year average increase of 5.2 percent — and that’s with the Covid-era homebuying rush of 2021 excluded.
Home prices steadily rose in the first half of the year, but then inflation outpaced home price appreciation in the back half, according to Case-Shiller.
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