🏆 Residential: A Palm Beach home was the highest-priced recorded residential sale in South Florida. A trust dropped $35 million on a more than 5,700-square-foot property at 350 Island Road. The sellers were Walter, Clifton and Janet Teagle and Serena and Alexander Keith. The sale breaks down to $6,100 per square foot. The home has five bedrooms and six and a half bathrooms. Todd Peter with Sotheby’s International Realty had the listing, and Crista Ryan with Tina Fanjul Associates brought the buyer.
🏆 Commerical: The top commercial transaction to hit records was in Pompano Beach, where masonry supplier Oldcastle APG South sold its property at 1590 North Andrews Avenue for $23.1 million. The buyer was an affiliate of Stamford, Connecticut-based Jadian IOS, which invests in outdoor storage properties. The Pompano Beach asset measures 35,100 square feet, pricing the sale at about $660 per square foot.
📊 Commercial: In Miami Gardens, a retail property at 4840 Northwest 183rd Street traded for $11.1 million. The seller was an affiliate of Alfred Sayegh’s Freshwater Group, based in Brooklyn. The buyer was a company tied to Terryville Associates. The property, which last sold a decade ago for $7.2 million, spans more than 64,200 square feet, pricing the sale at roughly $173 per square foot.
📊 Residential: In Palm Beach, a newly built home at 232 La Puerta Way sold for $18.4 million. The seller was an LLC tied to real estate agent Peter Burt. The buyer was a trust. The residence measures about 5,400 square feet. The deal works out to $3,400 per square foot. The home has five bedrooms and five and a half bathrooms. Its last asking price was $18.9 million. Burt listed the property; Austin McGurk with Brown Harris Stevens represented the buyer.
If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.