I
n recent luxury residential deals in South Florida, high-profile buyers have snapped up properties from Miami to Palm Beach Gardens. The transactions range from $8.5 million to $12.7 million.
In Miami's Bay Point neighborhood, a long-haul trucking and logistics company co-founders purchased a waterfront teardown for $12.5 million. Ramon and Bernardo Mijares, founders of Bulk Environmental & Industrial, bought the 7,800-square-foot home from private equity investor Zachary Schiffman. Built in 1942 on half an acre, the property features five bedrooms, four bathrooms, a pool, dock, and 100 feet of waterfront.
In Palm Beach Gardens' Old Palm Golf Club, insurance mogul Scott Carmilani bought a mansion for $12.7 million. Carmilani, executive chairman of Vault Insurance, purchased the 8,600-square-foot home from Michael Narlinger, founder of Brookline Investment Group. The renovated property boasts five bedrooms, six bathrooms, a wine room, elevator, and four-car garage.
Also in Old Palm, entertainment executive Jeff Kwatinetz bought a mansion for $8.5 million. Kwatinetz, COO of Ice Cube's film production company Cube Vision, purchased the 9,000-square-foot home from an LLC managed by Malory Clifford. The property features five bedrooms, seven bathrooms, and a putting green.
realestate
South Florida Luxury Home Sales Attract High-Profile Buyers
South Florida Luxury Residential Deals: Mogul Buys Span Miami to Palm Beach Gardens
Read More - realestate
realestate
Rockford Housing Market Gains Momentum with New Hispanic Real Estate Partnership
City leaders expect NAHREP to boost Hispanic homeownership rates.
Read More - realestate
realestate
Commercial Real Estate Forum Held by Southeastern Association
Sandoval Economic Alliance holds partner luncheon at Quezada's Comedy Club, focusing on commercial real estate.
Read More
realestate
KingSett freezes withdrawals from $1.9 billion flagship private equity fund.
Investors locked into the fund for at least one year due to no cash distributions or redemptions allowed.