South Florida Sees Major Real Estate Deals

South Florida's luxury real estate market has seen significant activity in recent days, with two major deals making headlines. In Palm Beach, a stunning Ibis Isle home has traded hands for just under $10 million, while in Miami, an apartment complex has sold for $11.8 million.

The Palm Beach sale, which took place at 2270 Ibis Isle Road East, involved a luxurious home built last year on a 0.3-acre lot. Spanning approximately 4,600 square feet, the property features five bedrooms, five and a half bathrooms, a summer kitchen, and a pool. The sale price of $10 million works out to around $2,200 per square foot. The seller was an LLC tied to Lamara and Christina Watson, while the buyer was an entity tied to the Eyckeler family. Douglas Elliman's Samantha Curry had the listing, and Corcoran's Suzanne Trapani-Frisbie represented the buyer.

The home's sale is notable not only for its price but also for its quick turnaround. The property was last listed for $11.5 million, indicating that the buyer was able to negotiate a significant discount. Despite this, the sale still represents one of the top deals in Palm Beach in recent memory.

Meanwhile, in Miami, an apartment complex at 3300 South Dixie Highway has sold for $11.8 million. The six-story building contains 54 units, making the sale price work out to around $218,500 per unit. The seller, an entity managed by Robert Salem, purchased the property in 2024 for $10.9 million, representing a tidy profit. The buyer was an LLC managed by attorney David Alan.

The sale of the apartment complex is significant not only for its price but also for its location. The property is situated in a prime area of Miami, with easy access to public transportation and local amenities. The sale is likely to be seen as a vote of confidence in the Miami real estate market, which has experienced significant growth in recent years.

Overall, these two deals highlight the ongoing strength of South Florida's luxury real estate market. With its beautiful weather, stunning beaches, and vibrant cultural scene, the region remains a magnet for affluent buyers looking to invest in prime properties. As these deals demonstrate, there are still opportunities to be found in the market for those willing to look.