🏆 Residential: The priciest recorded home sale was in Manalapan, where an oceanfront parcel at 3070 South Ocean Boulevard sold for $15.1 million. The lot measures 0.3 acres and includes a 1,900-square-foot property. The seller was the Marston family, which had owned the site for decades. The buyer was 3070 South Ocean LLC.
📊 Residential: An LLC tied to Anthony and Kimberly Hernandez parted with a vacant lot at 19696 Harbor Road in Jupiter for $14 million. The buyer was an entity led by Hilary Shane, who owns ODS Capital. Built this year, the waterfront property sits on a 0.3-acre lot and spans 7,500 square feet. It has six bedrooms and six bathrooms. The deal works out to $1,900 per square foot. William Volpe with Serhant represented both sides of the sale. Its last asking price was $14.5 million.
📊 Residential: In Pompano Beach, a nearly 4,000-square-foot home at 1906 Bay Drive traded for $8 million. The sellers were Richard and Barbara Kulle and the buyers were Eduardo and Beatriz Ibarra. The home has four bedrooms and four and a half bathrooms. Lenny Felberbaum with Engel & Voelkers Delray Beach had the listing. The home’s most recent asking price was $8.5 million.
📊 Residential: In Hallandale Beach, a home at 493 Holiday Drive sold for $7 million. The property spans about 7,700 square feet, pricing the deal at more than $900 per square foot. The seller was a company managed by Mariano Barreto. The buyer was an entity led by Gal Fisher. The home was built in 2024 and has six bedrooms, six full bathrooms and two half bathrooms. Its last asking price was just under $8 million. EXP Realty’s Bianca Baldini had the listing, and David Benichou with LIC Real Estate Group brought the buyer.
By the Numbers: Starter home prices hit $1M in record number of cities
Is the starter home disappearing?
U.S. homebuyers increasingly need to drop at least $1 million on starter homes in the country’s top markets, raising questions about the affordability of homes for first-time buyers.
A record 242 cities across 26 states have a typical starter home valued at $1 million or more, according to an analysis by listings platform Zillow, which defines a starter home as a home valued in the lowest third of a region.
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