July 2021 National Luxury Market Data: Florida

Broward County Trends and Notable Listings and Sales

-Compass Featured Listings

-Fort Lauderdale Mansion in Gated Yachting Community Bay Colony Sells for $20.4M
The waterfront Balinese-inspired estate with private beach and putting green was the most expensive sale in the elite community's history. (Mansion Global) ​​​​​​​

-TV personality Michael Wekerle, an investor on Dragon's Den, Canada's version of Shark Tank, sold Fort Lauderdale mansion for $17M (Real Deal

-5 acre, 20,632 square foot custom-built estate with full basketball court in Southwest Ranches was listed for $9.3 million. (Sun Sentinel) Celebrities, athletes and business executives are attracted to Southwest Ranches for its easy access to Miami, privacy, exclusivity and large lots. 

Miami and Palm Beach Notable Listings and Sales

-Significant Increase in $10M+ Single-Family and Condo Homes Sales YTD: Miami-Dade County has sold YTD 2021 a total of 128 single-family homes over $10 million (only 18 for the same period in 2020) and 84 Condos over $10 million (only 14 for the same period in 2020) Thanks to Michael P. Schnabel for sharing. (Leonard Steinberg, 7.30.21)

-Property Investors are Exacerbating Supply Shortages in a Majority of the Largest Us. Metro Areas (WSJ):
Miami is in the top 5 (along with Tampa.)

-All Eyes Turn South: South Florida is a Real Estate Investor's Dream in 2021 (Forbes) In May, New York Post reported that at least 33,565 New Yorkers exchanged their NY drivers licenses for Florida licenses between September 2020 and March 2021. Thousands more are expected to move, drawn by the summer weather and new opportunities like the Miami Grand Prix. Tesla Inc Founder Billionaire Elon Musk is also reported to be looking at Miami and has proposed digging tunnels under the Miami River to alleviate traffic.

Notable Listings and Sales:
​​​​​​​Compass Miami Listings

Miami's 'Condo King," Billionaire Real-Estate Developer Jorge Perez lists his $33M Venetian Palazzo Style home with 482 feet of frontage of Biscayne Bay (WSJ)

-100 S Pointe Dr, Unit 3602/03/04, Miami Beach 
Sold for $30,000,000.

Palm Beach:
-Compass Featured Listings

-1160 South Ocean Boulevard, Manalapan Sold for $28,000,000.