A private aviation executive and an accountant have acquired a four-bedroom residence at the Four Seasons Residences at the Surf Club in Surfside for $19 million. The transaction ranked as South Florida’s top recorded residential sale in the latest market roundup, underscoring continued demand for high-end oceanfront property.
Key takeaways
The deal highlights the premium commanded by residences at the Surf Club and the strength of South Florida’s luxury housing market.
- Unit 307 in the south tower sold for $19 million.
- The 4,000-square-foot residence includes four bedrooms and 4.5 bathrooms.
- The sale equates to approximately $4,800 per square foot.
- The seller’s trust acquired the unit for $10.4 million in 2021.
A major Surfside residential sale
A trust tied to Richard Gold sold the residence to an LLC managed by William Papariella, a private aviation executive, and Michael Deo, an accountant. The property is located at 9001 Collins Avenue within the Four Seasons Residences at the Surf Club, one of Surfside’s most prominent luxury developments.
Based on the reported sale price and size, the transaction represents one of the most expensive residential closings recorded in the area during the period covered. The approximately $4,800-per-square-foot price reflects the project’s beachfront setting, branded-residence services and exclusivity.
Seller records substantial gain
The seller’s trust purchased the condominium in 2021 for $10.4 million. The latest transaction therefore represents a gain of roughly $8.6 million before accounting for commissions, taxes, carrying costs and other expenses.
The resale also illustrates how luxury residences in premier South Florida buildings can appreciate significantly over several years, particularly when inventory is limited and buyers seek turnkey properties in established coastal communities.
Surf Club leads a competitive luxury market
The Surf Club transaction was part of a broader group of high-value deals recorded across South Florida. On the commercial side, four units at the Seaway at the Surf Club sold for $20 million. The units together span about 13,400 square feet and changed hands between entities affiliated with Fort Partners.
Other notable residential sales included a newly built Palm Beach home that traded for $17.1 million and a $13.5 million condominium at The Edition in Miami Beach. Together, the transactions show continued activity across the region’s luxury condominium, single-family and commercial property segments.
What the sale signals
The $19 million closing reinforces Surfside’s position as a magnet for affluent buyers seeking privacy, waterfront access and hospitality-style amenities. It also suggests that well-located residences in top-tier branded developments continue to attract substantial capital, even as buyers across the broader market remain selective.
- South Florida Top Real Estate Deals: August 10, 2026, The Real Deal.