🏆 Residential: The top residential sale to hit records was in Palm Beach at 226 Via Las Brisas for $28.9 million. Alvin Krongard, former executive director of the CIA, and his wife Cheryl Krongard were the sellers, originally listing the mansion for $34.5 million. They purchased the home in 2018 for $9.6 million. Spanning about 9,200 square feet, the home has seven bedrooms and over seven and a half baths. The buyer was a trust. Christian Angle with Christian Angle Real Estate had the listing. Jim McCann with Premier Estate Properties brought the buyer.
📊 Residential: In Bay Harbour Islands, a single-family home at 9640 West Broadview Drive changed hands for $21.8 million. The seller of the waterfront property was an LLC managed by Michael Gad, and the buyer was a company led by entrepreneur Meir Hurwitz. Built this year, the more than 8,000-square-foot mansion has eight bedrooms, eight full bathrooms and two half bathrooms. The sale breaks down to about $2,700 per square foot. The home went on sale in April, with an asking price of $24.8 million. Moshe Goldshtein with One Sotheby’s International Realty represented both sides of the deal.
📊 Residential: In Coral Gables, a waterfront, 5,600-square-foot home at 6850 Sunrise Court sold for $16.4 million or roughly $2,900 per square foot. The sellers were Carlos Tosca and Linette Brito, and the buyers were a trust tied to Alex Matusevich and Jason Bright. The residence has six bedrooms, six full bathrooms and two half baths. Compass’ Renier Casanova had the listing, and Jill Hertzberg with Coldwell Banker Realty represented the buyer.
📊 Residential: Joyce S. Vaughn parted with a home at 112 Algoma Road in Palm Beach for $10 million. The buyer was 112 Algoma LLC. The property spans nearly 2,500 square feet and has three bedrooms and three and a half bathrooms. Linda Olsson with Linda R. Olsson Inc. had the listing, and Todd Peter with Sotheby’s International Realty brought the buyer.
By the Numbers: Investors pull back from housing market as political, economic pressures mount
Investors are buying fewer and fewer homes as they contend with big-picture problems from challenging weather conditions to political pushback.
In the first quarter, investors bought just over 236,000 homes across the country, a nearly 23 percent year-over-year drop, according to an analysis by CJ Patrick Company using data provided by BatchData.
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