A private aviation executive has purchased a luxury condominium at the Four Seasons Residences at the Surf Club in Surfside for $19 million. The transaction ranks as South Florida’s top recorded residential sale in the latest roundup, underscoring continued demand for expansive residences in the region’s ultra-luxury coastal market.
Key takeaways
- William Papariella and accountant Michael Deo acquired the residence through a managed LLC.
- The four-bedroom unit at 9001 Collins Avenue sold for $19 million.
- The 4,000-square-foot condominium traded for approximately $4,800 per square foot.
- The seller’s trust acquired the unit in 2021 for $10.4 million.
A high-value Surf Club transaction
The residence, identified as unit 307 in the property’s south tower, includes four bedrooms and four and a half bathrooms. Its $19 million sale price placed it at the top of the residential deals recorded in South Florida for the period covered by the report.
Papariella, a private aviation executive, purchased the condominium with Michael Deo, an accountant. The buyers acquired the property through a limited liability company that they manage, according to the transaction details.
Significant appreciation since 2021
The seller was a trust connected to Richard Gold. That trust paid $10.4 million for the residence in 2021, meaning the latest sale reflects a nominal increase of $8.6 million before accounting for transaction costs, taxes, renovations or other expenses.
The deal also illustrates the premium commanded by large, amenity-rich residences at the Surf Club. At roughly $4,800 per square foot, the transaction reflects the appeal of the property’s location, brand and private residential setting along Collins Avenue.
Part of a broader luxury market
The residential sale was one of several notable transactions recorded across South Florida. Nearby, four commercial condominiums at the Seaway at the Surf Club sold for $20 million. The units together span 13,400 square feet and changed hands between entities affiliated with developer Fort Partners.
Other major residential deals included a $17.1 million sale of a newly built Mediterranean-style home in Palm Beach and a $13.5 million condominium purchase at The Edition in Miami Beach. Together, the transactions show that high-end activity remains distributed across the region’s coastal markets.
What the deal signals
The Surf Club purchase reinforces the strength of South Florida’s luxury condominium segment, particularly for larger residences in branded or resort-style developments. While individual transactions can vary based on furnishings, renovations and deal structure, the sale’s price per square foot provides another benchmark for the upper tier of the Surfside market.
- South Florida Top Real Estate Deals: August 10, 2026, The Real Deal.