🏆 Residential: The priciest recorded home sale was in Palm Beach for a new home at 239 Wells Road for $12 million. The seller was 239 Wells Road LLC and Morning Dew LLC was the buyer. The home has five bedrooms with seven full baths and two half baths. Spanning about 5,700 square feet, the price per square foot comes to $2,100. Spencer Schlager with Douglas Elliman had the listing.
🏆 Commercial: The top commercial sale to hit records was in Miami. London-based Cain and Kushner acquired an apartment development site at 614 and 720 Northeast 27th Street in Edgewater for $43.1 million from a joint venture between Miami-based OKO Group and Cain. Kushner and Cain are planning a 40-story, 364-unit luxury project on the 1.5-acre site.
📊 Commercial: In Miami, a vacant development site at 431 Northwest 32nd Street traded for $25 million. The parcel spans 28,000 square feet. The seller was an entity managed by Rosa Hurtado Lewkowicz. The buyer was an LLC that traces back to developer Joseph Schwarzkopf. The sale pencils out to almost $900 per square foot.
📊 Residential: In Miami Beach, a 2,500-square-foot condo at the Continuum South Beach at 100 South Pointe Drive changed hands for $11.9 million or roughly $4,800 per square foot. The unit has three bedrooms and three and a half bathrooms; it last sold in 2024 for $12.5 million. The seller was a trust tied to food executive John Husky, and the buyer was businessman John Plank.
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