🏆 Residential: The priciest home sale logged in South Florida was in Surfside, where financier Todd Green parted with a condo at the Four Seasons at The Surf Club at 9111 Collins Avenue for $27.3 million. A trust purchased the condo, which Green paid $12.4 million for in 2017. The four-bedroom, four-bathroom unit has more than 5,300 square feet, and traded for about $5,100 per square foot. The unit’s most recent asking price was $31.5 million. Eric Johnson with One Sotheby’s International Realty had the listing, and Devin Kay with Douglas Elliman brought the buyer.
📊 Residential: In Miami Beach, the waterfront property at 94 South Hibiscus Drive on Hibiscus Island changed hands for $18.5 million. A trust tied to James Vitas, the founder of commercial real estate investment firm VMD Companies, sold the 5,000-square-foot home to a trust linked to Richard A. Wood. Vitas paid $6.5 million for the property in 2021. The house has four bedrooms and five and a half bathrooms. The latest sale works out to $3,700 per square foot.
📊 Residential: Venture capitalist Andrew Boszhardt and Victoria Yeager sold the home at 231 Coral Lane in Palm Beach for $15.9 million, or roughly $3,200 per square foot, to a trust. Boszhardt and Yeager paid $5.4 million for the nearly 5,000-square-foot house in 2013. The home has four bedrooms and five and a half bathrooms; it went on the market in April for $15.9 million. Margit Brandt with Premier Estate Properties had the listing, and John Cregan with Sotheby’s International Realty brought the buyer.
📊 Residential: Hedge fund executive Nicholas Botta and his wife, Jaime Botta, scooped up the home at 3181 Miro Drive North in Palm Beach Gardens for $11 million, or roughly $1,700 per square foot. The sellers, Frederick and Lynne Weingeroff, purchased the property in 2000 for $3.9 million. The home, built in 1988, measures about 6,500 square feet and sits on a 0.9-acre lot. It has five bedrooms and nine bathrooms. Michael Leibowitz with Leibowitz Realty Group had the listing, and Michael Botta with One Sotheby’s International Realty brought the buyers. The property’s last asking price was $11.9 million.
By the Numbers: The housing split: single-family down, apartments up
The homebuilding slowdown has spread to every corner of the country.
For the first time in nearly three years — since the third quarter of 2023 — single-family construction dropped in all seven market types tracked by the National Association of Home Builders, a sign that elevated mortgage rates, high construction costs and affordability concerns continue to weigh on the housing market.
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