🏆 Residential: Miami Beach logged the priciest home sale in South Florida, where a condo at the Palazzo Del Sol at 7085 Fisher Island changed hands for $26.7 million. The unit, last listed for $28.9 million, measures about 7,600 square feet and has five bedrooms, five bathrooms and two half bathrooms. It last sold in 2018 for $13 million. Dora Puig with Luxe Living Realty had the listing, and Roberta Capua Tazzini with BHHS EWM Realty brought the buyer, a trust. The seller was Vicalnic, Corp.
🏆 Commercial: The top commercial deal to hit records was in Miami, where a multifamily property at 19401 West Dixie Highway sold for just under $110 million. The seller was an affiliate of Chicago-based Fifield Companies, and the buyer was Dutch investment firm Breevast U.S. The building, built in 2024, stands eight stories and has 266 units. The sale breaks down to roughly $414,000 per apartment.
📊 Residential: In Miami, a nearly 9,000-square-foot mansion at 3090 Munroe Drive traded for $23 million. The seller was John Civantos, managing partner of Grove Point Capital, and the buyer was a trust. The deal breaks down to roughly $2,600 per square foot. Built in 2003, the home has five bedrooms and six bathrooms. It last sold in 2017 for $6.4 million.
📊 Residential: Arthur and Regina Samuels parted with a home at 5900 Pennock Point Road in Jupiter for $18.3 million. The buyer was an LLC with Brian Grossman as its manager. The property sits on a 2.5-acre estate and has five bedrooms and five bathrooms across 6,600 square feet. Scott Diament with Provident Realty of South Florida and Robert Bruce Thomson of Waterfront Properties & Club Communities had the listing. Thomson also represented the buyer.
By the Numbers: Opportunity zones got billions in tax breaks. Only Ohio tracked where the money went
Opportunity zones are designated census tracts meant to spur economic development in distressed communities through tax incentives. Yet there is no publicly available federal database tracking which zones actually received investment, how much capital flowed in or what projects were funded.
Just one state, Ohio, collects and publicizes tract-level data.
So far, the results have been highly variable. Just a third of the designated zones received financing from developers and investors, with much of that capital flowing into market-rate multifamily housing and commercial projects and into large cities like Cleveland and Columbus, according to research by Theodos and his colleagues.
Using Ohio’s data, the researchers also built a national model estimating which zones are most likely to attract investment. Their findings suggest roughly 60 percent of zones nationwide are unlikely to receive meaningful OZ funding.
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