🏆 Residential: The priciest home sale recorded in South Florida was for a penthouse in Miami Beach. The nearly 6,100-square-foot pad at Terra and GFO Investments’ Five Park at 501 West Avenue sold for $18.5 million or roughly $3,100 per square foot. The buyer was an LLC managed by Larry R. Rogers Jr., a Chicago lawyer and Cook County commissioner, and his wife, Ralonda Rogers. The condo has five bedrooms and six and a half baths. It comes with four parking spaces and has a balcony and ocean and bay views. The asking price for the newly built unit was $21 million. Douglas Elliman’s Angelica Garcia, Chris Wands and Luiza Chimancio had the listing, and Corcoran’s Matthew Lill brought the buyer.
🏆 Commercial: The top commercial deal to hit records was for a nearly 187,0000-square-foot warehouse at 11102 Northwest South River Drive in Medley, which sold for $51 million. The seller, SeaVee Boats, which makes custom sportfishing vessels, fully occupies the space. The property was built in 2019 and sits on a more than 9-acre site. SeaVee leased the property back from the buyer, Sagard Real Estate, for another 30 years according to the seller’s representative, Avison Young. SVN Commercial Realty represented the buyer.
📊 Residential: Joel and Colleen Schaedler purchased a more than 4,700-square-foot condo at CMC Group’s Vita at Grove Isle for $10.2 million. The unit has about 1900 square feet of exterior space, four bedrooms and four and a half bathrooms. Ugo Colombo’s firm completed the ultra-luxury, seven-story condo building late last year.📊 Commercial: In Hialeah, an industrial property at 440 West 20th Street traded for $9 million. The seller, Chechy Inc., led by Sandra Dan, had acquired the nearly 52,000-square-foot building in the 1970s. The latest sale equates to about $173 per square foot. The buyer was an affiliate of Boston-based Longpoint.