The most expensive residential sale in South Florida recently was a vacant 1.5-acre lot at 1300 South Ocean Boulevard in Manalapan, which sold for $27.5 million. The property offers both ocean and Intracoastal access. It last changed hands in 2021 for $26.3 million and was listed for sale in 2023 at $38.9 million. The seller was 1300 South Ocean LLC, and the buyer was Pitchoune Life LLC. Gary Pohrer of Serhant and Nick Malinosky of Douglas Elliman represented the seller, while Marine Rollins with Miami Global Realty represented the buyer.
In commercial real estate, the largest transaction involved a 45,400-square-foot office-and-retail complex at 3901 Design Center Drive in Palm Beach Gardens, which sold for $15.5 million to an affiliate of LRP Media Group based in Palm Beach Gardens. The seller was PGA Design Partners LP, with the deal amounting to over $340 per square foot.
Another notable residential sale took place at 10840 Old Cutler Road in Coral Gables, where Thomas Peck and Jill Barnes sold their nearly 9,300-square-foot home to Belterra Investments for $21.5 million, or more than $2,300 per square foot. The seven-bedroom house features eight full bathrooms, two half baths, a five-car garage, an elevator, and a pool. Evelyn Carrero with Aria Luxe represented the sellers—who bought the property in 2024 for $17 million—and Kristina Gugunava with Compass brought the buyer.
Additionally, Scott and Lauren Gilbert sold their condo at The Residences at The Bath Club on Miami Beach’s Collins Avenue for $14.3 million to Mark Ashley. They purchased the unit in 2011 for $5.7 million; it has three bedrooms and five bathrooms across 5,700 square feet, translating to over $2,500 per square foot.
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