South Florida’s real estate market saw significant activity recently, highlighted by the sale of a large apartment complex in Boca Raton for $240 million. This transaction, along with other notable deals across the region, underscores the continued strength and appeal of the South Florida property market.
Key Takeaways
- A 456-unit apartment complex in Boca Raton, known as the Residences at Uptown Boca, was sold for $240 million.
- The sale represents a significant increase from its previous sale price of $230 million in 2021.
- Other high-value transactions included a luxury oceanfront mansion in Fort Lauderdale for $26 million and a Miami Beach condo for $10.2 million.
Boca Raton Apartment Complex Sale
The most substantial commercial transaction in the tri-county area involved the Residences at Uptown Boca. This expansive complex, comprising 456 apartments spread across 16.3 acres, commanded a price of $240 million. The deal equates to approximately $526,000 per unit. The seller in this transaction was Atlanta-based Cortland Partners, with Salt Lake City-based Property Reserve acquiring the property. This marks a notable increase from the complex’s previous sale in 2021, when it traded for $230 million.
Other Notable South Florida Real Estate Transactions
Beyond the Boca Raton deal, several other high-value properties changed hands. In Fort Lauderdale, a sprawling 10,300-square-foot oceanfront mansion at 3052 North Atlantic Boulevard was sold for $26 million, making it the top residential sale recorded. The property, built in 2024, features five bedrooms and extensive amenities.
In Miami Beach, a luxury condo at 7433 Fisher Island Drive was sold for $10.2 million. This three-bedroom unit spans approximately 3,800 square feet. Another significant residential sale occurred in Boca Raton, where a newly built mansion at 7202 Ayrshire Lane fetched $15 million.
Earlier in the month, a 39-unit townhouse rental community in Pompano Beach, known as The Prestige at Palm Aire, was sold for $25.9 million. Additionally, the Boca Inn, a 48-key hotel in Boca Raton, was sold for $8.9 million.
Sources
- South Florida Top Real Estate Deals: May 4, 2026, The Real Deal.
- South Florida Top Real Estate Deals: May 1, 2026, The Real Deal.