🏆 Residential: The top residential sale to hit records was in Tequesta, where a home at 19020 Point Drive sold for $13.8 million or about $1,800 per square foot. The buyers were Quintynn and Cassandra Botha, and the seller was an LLC managed by William E. Burford. Built in 2001, the home spans 7,500 square feet and has five bedrooms and five and a half bathrooms. The seller had purchased the property in 2025 for $11.5 million. Rob Thomson with Waterfront Properties & Club Communities had the listing; Dylan Snyder with Compass brought the buyers.
🏆 Commercial: In Riveria Beach, two properties in an industrial complex sold for $34 million at 1701 and 2001 Australian Avenue. The buildings measure 180,000 square feet, with the building at 1701 fully leased. The seller was an affiliate LLC of Realterm Logistics Income Properties LP, based in Annapolis, Maryland. The buyer was attached to The Silverman Group, based in Basking Ridge, New Jersey. CBRE brokered the deal.
📊 Commercial: Homebuilder D.R. Horton acquired a vacant development site known as the Aspen Estates in Miami-Dade County. The seller was M Aspen Homestead LLC, which is managed by Douglas Caraballo. The price was $16.9 million. The site includes 97 single-family home lots, according to the South Florida Business Journal.
📊 Commercial: A vacant, 1-acre industrial lot at 1000 Northwest 23rd Street in Miami changed hands for $15 million. The seller was the art-collecting Rubell family, who acquired the site in 2021 for $5.4 million, and the buyer was Neology. There are plans for a 21-story tower on the site.
📊 Commercial: In Boynton Beach, a two-building retail center at 4966 Le Chalet Boulevard sold for $24 million. An LLC attached to grocery store chain Publix purchased the property from an entity linked to Boston-based Longpoint. The buildings span about 71,000 square feet. Publix anchors the complex, known as Aberdeen Square.
📊 Residential: In Fort Lauderdale, a home at 3 Isla Bahia Drive traded for $9.3 million. Charles J. Koch, and his wife, Kathleen C. Koch, sold it to Sibchau V LLC. The waterfront property spans 6,700 square feet with five bedrooms, five full baths and two half baths. Sheryl Hodor with Compass had the listing, and Heather Lefka with Florida Luxurious Properties brought the buyer.
By the Numbers: Home ownership is a better financial move after six years
By some measures, it’s more expensive than ever to buy a home in the U.S. But it’s still cheaper than renting — if you can stay in that house for at least six years.
That’s according to a new report from Zillow, which found that owning a median-priced single-family home, valued at $368,720 and with a 5 percent down payment, pays off after 5.9 years compared to paying for a rental with a median rent of $1,951 per month. With a 20 percent down payment, the break even time frame is six years.
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