realestate

South Florida's Highest-Value Home Sales in 2024 Revealed

Broward County breaks into top 10 priciest residential sales in South Florida

S
outh Florida's luxury real estate market has proven its staying power in 2024, despite the cooling effect of interest rate hikes on the market. The region was transformed by the pandemic, triggering a colossal wealth migration and unprecedented demand for luxury homes. Record-breaking deals became commonplace as ultra-luxury buyers, less sensitive to borrowing costs, persisted.

    The most expensive sales in South Florida this year reveal a tropical region fundamentally changed. Broward County cracked the top 10 priciest deals of the year with a record-shattering $70 million sale. Victoria and David Beckham bought a waterfront mansion on Miami Beach's North Bay Road for a once-unthinkable $72.3 million, setting a price record for the area.

    Todd Glaser sold a private island for $150 million in May, marking a record for non-oceanfront properties in Palm Beach. The buyer was later revealed as Australian infrastructure investor Michael Dorrell. Other notable sales include Daren Metropoulos' purchase of Casa Amado for $148 million and Anand Khubani's $100 million deal on the La Gorce Island assemblage.

    Jeff Bezos closed on his third Indian Creek purchase in June, bringing his total investment on the private island to $234 million. Harvey Jones bought a lakefront estate at 740 Hi Mount Road for $74.3 million, while David and Victoria Beckham set a price record for Miami Beach's North Bay Road with their $72.3 million purchase of a waterfront spec mansion.

    Financier Donald Sussman sold his waterfront mansion in Fort Lauderdale for $70 million, shattering the previous price record for the city. The buyer plans to demolish the existing structures and build a new home. Dutch magnetics heir Geert-Jan Bakker sold his waterfront Indian Creek Village estate for $64.5 million in an off-market deal.

    Here are the top 10 most expensive sales in South Florida this year:

    1. $150M | 10 Tarpon Isle in Palm Beach - Todd Glaser sold a private island to Australian infrastructure investor Michael Dorrell.

    2. $148M | 455 North County Road in Palm Beach - Daren Metropoulos bought the historic oceanfront estate known as Casa Amado.

    3. $100M | 18, 22 and 24 La Gorce Circle in Miami Beach - Anand Khubani dropped $100 million on the nearly 3-acre assemblage.

    4. $87M | 28 Indian Creek Island Road in Indian Creek Village - Jeff Bezos closed on his third Indian Creek purchase.

    5. $85M | 108 El Mirasol in Palm Beach - Anand Khubani sold an oceanfront lot to a Delaware LLC named for the address.

    6. $81M | 1446 North Ocean Boulevard in Palm Beach - Louise Riggio, widow of Barnes & Noble founder Leonard Riggio, sold their oceanfront Palm Beach house.

    7. $74M | 740 Hi Mount Road in Palm Beach - Harvey Jones bought a lakefront estate from farming equipment heiress Candida Burnap.

    8. $72M | 4736 North Bay Road in Miami Beach - David and Victoria Beckham set a price record for the area with their purchase of a waterfront spec mansion.

    9. $70M | 5 Harborage Isle in Fort Lauderdale - Financier Donald Sussman sold his waterfront mansion to a Delaware LLC named for the address.

    10. $65M | 40 Indian Creek Island Road in Indian Creek Village - Dutch magnetics heir Geert-Jan Bakker sold his waterfront estate to a Wyoming entity named for the address.

Luxury waterfront mansion in South Florida sold in 2024.