🏆 Residential: David Goulden and his wife, Andrea Helen McDonough, bought a sponsor unit in the new Alba Palm Beach building at 4714 North Flagler Drive, developed by BGI Capital and Blue Road for $10.4 million, representing the most expensive home sale to hit records in South Florida. This five-bedroom, five-bathroom home in West Palm Beach measures 4,500 square feet. Meredith Beebe with Sotheby’s handled the listing.
🏆 Commercial: The priciest commercial transaction recorded in the region was in Medley. Miami-based developer Tekton Development paid $6.6 million to a company managed by Jorge Munilla for an industrial property at 7501 Northwest 72nd Street. The one-story building spans about 8,800 square feet and sits on a 2.6-acre lot. The Munilla-led entity purchased the property in 2005 for $1.2 million.
📊 Residential: In Gulf Stream, Michael and Anna Glennon purchased the home at 3580 Polo Drive for $8 million. Andre Joli-Coeur, Ross Gaudreault and Monique Pouliot with a trust were the sellers. The five bedroom and six and a half bath residence spans 6,000 square feet. The sale breaks down to $1,300 per square foot.
📊 Residential: Dwayne and Pamela Powell parted with the home at 15255 Southwest 268th Street in Homestead for $6 million. The buyer was an affiliate of Miami-based homebuilder Bluenest Development. The 2,200-square-foot home sits on a 6-acre estate.
By the Numbers: Empty lots could cut U.S. housing shortage by 6%
What if every empty lot up for sale in the U.S. had a home built on it?
It would shave 6.3 percent off the nation’s housing shortage overnight, according to research from Zillow.
More than 300,000 empty lots 5 acres or smaller were listed for sale on Zillow in June, accounting for 17.4 percent of all properties for sale.
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