April 2023 report: Florida’s highest end luxury residential real estate
Presented by the Florida real estate lawyers at Rabideau Klein
$5 Million-plus Houses: Over $2.3 billion worth of super luxe Fl homes close Q1
The three most significant of Florida’s advertised transactions include the residential property closings of a $48.37 million oceanfront home in Manalapan, a $48.6 million in Naples, and a $44.98 million home in the Town of Palm Beach.
In March, Gary Pohrer of Douglas Elliman represented both buyer and seller of month’s largest Florida closing, the $37 million closing of 860 S. Ocean Boulevard in the barrier reef town of Manalapan.
$5 Million-plus Condos: Almost 100 apartments and townhouses sold for $5M-plus in Q1
The Florida luxury condominium sector brought over $770 million in advertised sales during the first quarter. Three property sales tying for first place, each bringing $21 million, in the coastal cities of West Palm Beach, Surfside, and Miami Beach.
The largest sale of last month was the Miami Beach closing of the $21 million apartment at Oceanside on Fisher Island.
Florida Multimillion Dollar Market Brief
Each issue reports on the advertised Florida real estate activity for the prior month in the category of ultra-luxury residential sales and listings of single-family homes and condominiums priced at $5 million or more. The information reflects all data entered by the last day of the prior month. When a sale or listing for that month is posted after the last day of the month, that information will be rolled into the following month’s report. The Florida Multimillion Dollar Market Brief reports on real estate with residential property such as single-family home, condo, co-op and townhouse types, and does not include land-only, multi-family homes, and mobile home types.
All information contained in the report is deemed to be reliable, but is not guaranteed. Neither Rabideau Klein, nor any of its employees makes any representations or warranties as to the accuracy of its contents.