🏆 Residential: Art collectors Jason Rubell and Michelle Simkins Rubell sold a home at 6500 North Bay Road in Miami Beach for $18.9 million marking the top sale to hit records in South Florida. The buyer was an LLC linked to Cesar Molina’s CMA Design Studio. The waterfront property, built in 1950, spans 6,600 square feet and has four bedrooms and five and a half bathrooms. The Rubells purchased the property in 2021 for $10.5 million.
🏆 Commercial: Lantana had the top recorded commercial deal. Aventura-based ESJ Capital Partners sold a four-building shopping center and another commercial property for a combined $21.4 million to Forest City, California-based American Infrastructure Partners. The shopping center, at 1330 and 1450 West Lantana Road, sold for about $10.9 million; the 11,100-square-foot complex last sold in 2017 for $7.2 million. ESJ also sold, for $10.5 million, 600 East Coast Avenue, which is home to the Palm Beach Maritime Academy.
📊 Residential: In North Palm Beach, Richard and Jacqueline Emmet — he is a former financial executive — purchased a golf course home at 12150 Lost Tree Way for $13.6 million. The seller was VMD Real Estate LLC, managed by Vincent DiBenedetto. The home was built in 2019 and last purchased in 2020 for $6.8 million. The property is about 5,400 square feet with six bedrooms and seven and a half baths. This comes out to around $2,500 per square foot.
📊 Residential: Marelis Morales sold a Boca Raton home at 17106 Avenue Le Rivage for $7.1 million. The buyer was a trust. The nearly 7,800 square-foot home was built in 2016 and has five bedrooms and five and a half bathrooms. The sale breaks down to roughly $905 per square foot. Toni Valentino and Pam Thomes with Compass had the listing. Jonathan Postma with Coldwell Banker Realty brought the buyer.
If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.