South Florida by the Numbers is a web feature that catalogs the most notable, bizarre and surprising real estate statistics.
Go big or go (bigger!)…home? As South Florida continues to experience a record-breaking residential real estate sales cycle over the past two years, not all offers are created equal and some recent price and sales figures have impressed even the most jaded of observers. From Palm Beach to Golden Beach to Coconut Grove, some ultra-luxury home sellers are seizing the moment and cashing in at what appears to be the top of the market. Will we see some kind of correction in this sector or will nine figure deals become the new normal? We examine it in this issue of South Florida by the Numbers.
Record Florida sale for billionaire internet entrepreneur Jim Clark’s Manalapan compound, a 16-acre, 63,200-square-foot home with 1,200 feet of water frontage that was purchased by Oracle co-founder (and fellow billionaire) Larry Ellison. That sale broke Florida’s previous record of $122.7 million, set in 2021 for a Palm Beach mansion. [TheRealDeal]
Current asking price for the La Gorce Island property owned by the late Dr. M. Lee Pearce, an activist investor who owned hospitals, banks and real estate. The nearly 3-acre property includes a two-story, five-bedroom, seven-bathroom, and three-half-bathroom home; a two-bedroom, two-bathroom, half-bathroom home with a guest cottage; and a two-story, five-bedroom, seven-bathroom, and five-half-bathroom home. Each house has its own dock. [TheRealDeal]
150 million dollars
Current asking price for the 10-acre Coconut Grove estate of Miami businesswoman and philanthropist Adrienne Arsht, listed by Master Brokers Forum member Ashley Cusack. Together, the two homes on the property have 12 bedrooms and 13.5 bathrooms. [TheRealDeal]
100 million dollars
Current asking price for an oceanfront property in Golden Beach owned by Edith Newman who lived there with her late husband, former electronics company owner Joel Newman. Beachfront property with 250 feet of ocean frontage, home theater, bowling alley, spa, gym, wine cellar and pool. [TheRealDeal]
Total price of three connected Golden Beach homes purchased by InterSystems founder Phillip Ragon in the past year. Mr. Ragon purchased each house separately and collectively the property will total approximately 1.7 acres with approximately 275 feet of ocean frontage. The buyer plans to demolish all three residential buildings and replace them with a new single-family home. [MansionGlobal]
This column is produced by Master Brokers Forum, a network of elite South Florida real estate professionals whose membership is by invitation only and based on excellence in production, ethical and professional conduct.