🏆 Residential: The priciest home sale in South Florida was in Delray Beach, where Edward Farscht, CEO of wireless communications infrastructure firm Diamond Communications, and his wife, Lynn Jaeger, parted with a home at 733 North Ocean Boulevard for $19.2 million. The buyer was a trust tied to Maurice and Christina Sciammas. Maurice Sciammas is an executive at Monolithic Power Systems. The Farschts paid $14.3 million for the home in 2021 then put it up for sale in November with an asking price of $21.9 million. Dating to 1992, it spans roughly 6,400 square feet and has seven bedrooms, six and a half bathrooms and a pool. Nick Malinosky with Douglas Elliman had the listing, and Amy Lynn Mccabe with Serhant brought the buyers.
📊 Residential: In Wellington, an equestrian estate at 3436 Grand Prix Farms Drive traded for $14 million. The seller was an LLC managed by Eugenia M. Tisbo, and the buyer was an LLC tied to 1155 Battery Street in San Francisco, which is the headquarters of jeans company Levi Strauss & Co. The property spans more than 5.6 acres and last traded in 2009 for $11 million. It includes 24 stalls, four grooming stills, six paddocks along with two apartments with three bedrooms. Casey Flannery with Equestrian Sotheby’s International Realty had the listing, and Heather Dengler, also with Sotheby’s, brought the buyer. Its last asking price was $14.5 million.
📊 Residential: A 4,800-square-foot home at 3215 South Flagler Drive in West Palm Beach changed hands for $10.5 million. The sellers, investor Nicos Katsoulis and his wife, Evelyn Katsoulis, purchased the four-bedroom property in 2018 for $3.6 million. The buyer in the latest sale was XIZ LP. Douglas Elliman’s Lisa Wilkinson represented the Katsoulises.
📊 Residential: A trust scooped up a 4,200-square-foot, four-bedroom penthouse at the Onda Residences at 1135 103rd Street in Bay Harbor Islands for $7 million. The luxury waterfront property was developed by a joint venture between CMC GRoup and Morabito Properties. The transaction pencils out to roughly $1,700 per square foot.
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