🏆 Residential: The most expensive home sale to hit records in South Florida was in Palm Beach. Janice Conlan Byrne sold a property at 485 South County Road to a trust tied to Charles Bushong for $12.8 million. The 4,300-square-foot home has three bedrooms and three and a half bathrooms. It last sold in 2021 for $3.1 million; it went on the market in December for $14.5 million. John Rooney with Douglas Elliman had the listing, and Clay Grubman with Rinker Realty represented the buyer.
🏆 Commercial: Wellington had the top commercial deal in South Florida, with the sale of an equine clinic at 13125 Southfields Road for $9.3 million. The seller was an LLC whose CEO is Lawrence Mendelsohn. The buyer was an affiliate of Terramed Real Estate Solutions, based in Bala Cynwyd, Pennsylvania. The three-building complex, which last sold in 2023 for $10 million, measures a combined 15,700 square feet and sits on a 1.4-acre lot.
📊 Residential: In North Palm Beach, a condo at 11050 Turtle Beach Road changed hands for $8.8 million. The sellers were Allan Hubbard, who was director of the National Economic Council under President George W. Bush, and his wife, Kathryn Hubbard, who was appointed to the J. William Fulbright Board under Bush. The buyer was LCR Capital Investments LLC. The Hubbards purchased the unit in 2021 for $6.6 million. It spans about 3,100 square feet and has three bedrooms and three and a half bathrooms. The sale pencils out to roughly $2,800 per square foot.
📊 Residential: A condo at 360 Ocean Drive in Key Biscayne sold for $8.5 million. The buyers were investment banker Daniel Canel and his wife, Silvia Canel, and the seller was an LLC managed by Dolores Urdapilleta, a real estate broker and property manager. The 3,000-square-foot pad has three bedrooms and four and a half bathrooms.
By the Numbers: What are the best U.S. counties for single-family rentals?
Several Midwestern and Southern single-family rental markets are bucking the national trend of slowing home price appreciation amid strong rental yields.
Much of the country is grappling with declining cash flows and stagnant home prices, according to a report from data provider Attom that looked at the single-family rental markets in 416 counties with enough data.
From 2025 to 2026, nearly 55 percent of the counties Attom analyzed that had enough data for both years reported declining rental yields. However, landlords have been charging more for rent than they used to, due to the increasing expenses of owning and operating properties.
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