🏆 Residential: The top recorded home sale was in Boca Raton, where a waterfront spec mansion sold for $75 million. The deal, in the gated Royal Palm Yacht & Country Club, is a record for the city. The estate at 2500 East Maya Drive spans 18,300 square feet. David Roberts of Royal Palm Properties represented both sides of the deal. The home has eight bedrooms, 10 bathrooms and five half bathrooms, along with 292 feet of water frontage, a wellness wing and golf simulator. The seller was Steve and Scott Dingle’s SRD Building, and the buyer was a trust.
🏆 Commercial: Miami logged the top commercial deal recorded in South Florida, with the sale of a 25-unit condominium complex at 3265 Virginia Street for $45.5 million. The buyer was developer El-Ad National Properties. The seller was an LLC managed by Jose Canero of development firm The Canero Group. The complex, known as the Chateau Grove, dates to the 1960s.
📊 Residential: In Miami Beach, a home at 1745 West 24th Street traded for $34 million. The buyer was a trust, and the seller was an LLC linked to Chilean firm Grupo Empresas FPY. Built this year, the waterfront property measures more than 6,200 square feet, pricing the deal at nearly $5,500 per square foot. The home has six bedrooms, eight and a half bathrooms and a pool. Its last asking price was $35 million. Daniel Hertzberg with Coldwell Banker Realty had the listing, and Evan Weiss with 305 Degrees Realty brought the buyer.
📊 Residential: In Coral Gables, Claudia and Philippe Harari — he is a developer — scooped up a home at 200 Casuarina Concourse for $25.4 million. The waterfront mansion, which last sold in 2020 for $12.3 million, spans about 10,200 square feet and has five bedrooms and four and a half bathrooms. The latest transaction breaks down to about $2,500 per square foot. The seller was an LLC linked to Mayra C. Ruiz.
📊 Residential: Also in Coral Gables, a 7,100-square-foot home at 665 Leucadendra Drive changed hands for $24.3 million or about $3,200 per square foot. The property has five bedrooms and five and a half bathrooms. The seller was the estate of Gonzalez Palenzuela, and the buyer was an LLC managed by developer Alex Pirez, who will likely rebuild a home on the 1-acre, waterfront lot. Judy Zeder and Patricia Praca of the Jills Zeder Group at Coldwell Banker had the listing.
By the Numbers: National home prices inch up as major metros slide
U.S. home prices are sending mixed signals.
At the national level, home prices are steadily creeping up. That runs counter to what is happening in more than half of the nation’s most populous areas, where pricing is falling back to pre-pandemic norms.
Compared to the year before, housing prices in March were up 0.7 percent, according to the S&P Cotality Case-ShIller U.S. National Home Price NSA Index. However, that annual growth rate was slightly under that of the month before, which was 0.8 percent.
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