7 Most Expensive South Florida Residential Sales in 2013

2013 Seven Most Expensive South Florida Residential Sales

The list is based on closed transactions recorded by Miami-Dade, Broward and Palm Beach counties.

1. Howard Stern buys Palm Beach compound for $52M

The America’s Got Talent judge and his wife, Beth Ostrosky Stern, spent weeks house hunting in South Florida before choosing the home in the section of Palm Beach known as “Raiders Row.” The compound is located at 601 North County Road in Palm Beach.

2. Palm Beach mansion sold for $42M to resolve bankruptcy

A mansion and guest house at 1220 South Ocean Boulevard totaling 27,000 square feet of living space were built on the 2.5-acre property in 2011. Both the main house and guest house front the Intracoastal Waterway. 

3. Versace’s Mansion sold for $41.5M

On September 17^th the former Versace mansion fetched a top bid of $41.5 million at a high-profile auction from VM South Beach LLC. The company's principals include the Nakash family of New York, which controls Jordache Enterprises. The Versace Mansion is located at 1116 Ocean Drive next to the Victor Hotel owned by the same corporation. 

4. A-Rod sells Miami Beach mansion for $30M

A-Rod netted a $15 million profit in the sale of the 4358 North Bay Road home. He had acquired the property for $7.4 million in May 2010 and spent another $8 million to renovate the home. The two-story, nearly 20,000-square-foot mansion has nine bedrooms, 11 full bathrooms and an indoor batting cage. Other features include a four-car garage, 16-camera security system and a Zen garden.

5. La Gorce Island home sets record in $30M sale

The transaction of the 11-bedroom mansion known as Castello del Sol set a record as the most expensive transaction on La Gorce Island in Miami Beach. Located at 42 La Gorce Circle on a nearly 71,000-square-foot property, the  mansion has 14 bathrooms and three half-baths. It fronts Biscayne Bay. 

6. Eagles owner pays $28.5M for Palm Beach mansion

Philadelphia Eagles owner Jeffrey Lurie spent several months looking for a home in Palm Beach, which is where his mother resides. He finally purchase the The 17,000-square-foot mansion at 1275 South Ocean Boulevard which includes an elevator, swimming pool and boat dockage.

7. Setai condo fetches $27M in record sale

The Miami Beach condo market got off to a rousing start in 2013 with January’s $27 million sales of a Setai penthouse. The seller paid $15 million for the penthouse in 2010 and rented it out to celebrities like Madonna, Jim Carrey and Simon Cowell at exorbitant rates, the Wall Street Journal reported. The identity of the buyer, a Delaware corporation, is not known.

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