🏆 Residential: The most expensive home sale to hit records in South Florida was in Palm Beach, where Matthew and Astrid Womble paid $8.1 million to a trust tied to late entrepreneur Richard H. Wehman for a 2,700-square-foot home at 110 Merrain Road. The property has four bedrooms and three bathrooms. It dates to the 1950s and also has a pool. Jennifer Stepan Beqaj represented the seller, and Dana Koch with the Corcoran Group brought the buyers. The residence last sold in 1990, for $500,000, and went on the market in December for $9.3 million.
🏆 Commercial: Hialeah had the top recorded commercial deal in the tri-county region. An apartment complex at 1350 West 46th Street traded for $21.2 million. The buyer was Acevedo Investments Corp. The seller, Hialeah-based Royal Income Properties, had owned the 74-unit, 78,000-square-foot property since 2002, when the firm acquired it for $4.1 million. The latest sale pencils out to roughly $286,000 per apartment.
📊 Residential: A newly built home at 9790 Southwest 62nd Street in Miami traded for $5.6 million. The 6,600-square-foot property sits on a 1.3-acre lot and has six bedrooms and six and a half bathrooms. Its most recent asking price was $5.8 million. The sellers were Isumi Duran, a real estate agent, and Ismael Melendez, and the buyer was Go To Go Productions And Events LLC. Alex Hanuszkiewicz with Coldwell Banker Realty represented the sellers and Maria Castellanos with Miami Premier Realty, the buyer.
📊 Residential: In Pinecrest, a home at 12211 Pine Needle Lane changed hands for $5.2 million. The sellers were Enrique Hersman, who is CEO of a construction firm, and his wife, real estate broker Claudia Hersman, and the buyers were Gleb and Olga Naumovich, both financial executives. The 6,800-square-foot home sits on a 0.9-acre lot and has eight bathrooms and eight and a half bathrooms. Its last asking price was $5.5 million.
By the Numbers: U.S. CRE prices kick off 2026 with small gain
U.S. commercial real estate prices eked out a minor gain to start 2026, but high financing costs, economic concerns and slow deal volume have prevented parts of the market from finding solid footing.
Pricing across all major property types rose 0.3 percent year over year in January, a modest growth as pricing momentum has moderated over the past couple of months, according to MSCI’s RCA commercial property price index.
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