A private aviation executive has acquired a luxury residence at the Four Seasons Residences at the Surf Club in Surfside for $19 million, making it South Florida’s top recorded residential sale in the latest deal roundup. The transaction underscores continued demand for trophy condominiums along Miami-Dade’s oceanfront despite a selective luxury market.
Key takeaways
- Unit 307 at the Four Seasons Residences at the Surf Club sold for $19 million.
- The 4,000-square-foot condominium includes four bedrooms and four and a half bathrooms.
- Buyer William Papariella is a private aviation executive; accountant Michael Deo is also tied to the purchasing entity.
- The sale equates to approximately $4,800 per square foot.
- The property last traded for $10.4 million in 2021.
The transaction was recorded at the Four Seasons Residences at the Surf Club, a high-end development at 9001 Collins Avenue. A trust connected to Richard Gold sold the residence to an LLC managed by Papariella and Deo.
The four-bedroom unit occupies space in the development’s south tower and offers the scale expected of the Surf Club’s luxury residences. At roughly $4,800 per square foot, the sale ranks among the area’s notable recent condominium transactions.
A substantial increase from the previous sale
The residence changed hands for $10.4 million in 2021. Its latest price represents an increase of $8.6 million, or about 83 percent, over the prior recorded transaction. That appreciation highlights the premium commanded by limited-supply residences in one of South Florida’s most established luxury enclaves.
The sale also reflects the continued appeal of turnkey oceanfront properties to affluent buyers seeking privacy, amenities and proximity to Miami Beach’s broader luxury market.
Surfside leads the latest luxury deal activity
Surfside recorded both the top residential and top commercial transactions in the latest roundup. In addition to the $19 million condominium sale, four commercial condominium units at the Seaway at the Surf Club traded for $20 million. The commercial units together span approximately 13,400 square feet.
Other notable residential deals included a $17.1 million Palm Beach home sale and a $13.5 million condominium purchase at The Edition in Miami Beach. Together, the transactions show that high-value activity remains spread across South Florida’s most sought-after coastal communities.
What the deal signals for the market
The Surf Club purchase adds to evidence that the top end of South Florida’s residential market continues to attract buyers with significant purchasing power. While broader conditions can vary by neighborhood and property type, landmark developments with strong locations remain capable of generating premium pricing.
For Surfside, the transaction reinforces the community’s position as a destination for luxury condominium investment and high-net-worth buyers seeking residences along the Atlantic coastline.
Sources
- South Florida Top Real Estate Deals: August 10, 2026, The Real Deal.