Florida’s Luxury Real Estate Market Booms with High-Profile Purchases
Florida’s luxury real estate market is experiencing a significant surge, with wealthy individuals making substantial purchases across the state. Recent transactions include multi-million dollar waterfront estates and beachfront mansions, highlighting a robust demand for high-end properties, particularly in the Treasure Coast region.
Key Takeaways
- Florida’s luxury real estate market is seeing a boom in high-value transactions.
- The Treasure Coast, including Jupiter Island, Vero Beach, and Palm City, is a hotspot for these sales.
- Notable purchases include a $25 million beachfront mansion by the Haslam family, owners of the Cleveland Browns.
May’s Top Sales on the Treasure Coast
May saw a flurry of high-value real estate transactions across Florida’s Treasure Coast. The most expensive sale was a stunning waterfront home on Jupiter Island, fetching over $23 million. This "rare ocean-to-intracoastal estate" boasts unmatched luxury and privacy.
Here’s a breakdown of some of the top sales in May:
Indian River County
- 10570 Eton Way, Vero Beach: $15 million
- 721 Manatee Cove, Johns Island: $8.025 million
- 140 Island Creek Drive, Indian River Shores: $6.8 million
Martin County
- 318 S. Beach Road, Jupiter Island: $23.35 million
- 6440 SE Harbor Circle, Stuart: $11.2 million
- 19160 SE Reach Island Lane, Martin County: $8.65 million
St. Lucie County
- 511 NW Winters Creek Road, Palm City: $3.6 million
- 3104 NW Radcliffe Way, Palm City: $2.8 million
- 1705 Bayshore Drive, Fort Pierce: $1.975 million
June’s Continued Momentum in Luxury Sales
The trend of high-value real estate transactions continued into June, with another nearly $18 million waterfront home on Jupiter Island leading the sales. This contemporary Intercoastal property features over 200 feet of water frontage and direct beach access.
Here are some of June’s most expensive home sales:
Indian River County
- 661 Lake Drive, Vero Beach: $7.75 million
- 167 Anchor Drive, Vero Beach: $5.6 million
- 730 Egret Point, Vero Beach: $3.99 million
Martin County
- 500 S. Beach Road, Jupiter Island: $17.75 million
- 81 S. River Road, Sewall’s Point: $8.25 million
- 1 Island Road, Sewall’s Point: $7.5 million
St. Lucie County
- 4324 Diamond Shores Way, Hutchinson Island: $3.6 million
- 1515 NW Lancewood Terrace, Palm City: $1.8 million
- 3308 NW Perimeter Road, Palm City: $1.735 million
Haslam Family’s $25 Million Florida Mansion Purchase
In a high-profile transaction, billionaires Dee and Jimmy Haslam, owners of the Cleveland Browns, acquired a $25 million beachfront mansion in North Palm Beach. The 5,906-square-foot property at 11914 Turtle Beach Rd. is located in the exclusive, gated community of Lost Tree Village, which includes a private golf course. The off-market deal for the 1971-built home on 1.1 acres was finalized on July 3rd. Property records indicate the purchase was made through the Knox-Main Trust, connected to Knoxville, Tennessee-based attorney William D. Edwards.
Sources
- Top home sales across the Treasure Coast in May, Yahoo News.
- Top home sales across the Treasure Coast in June, Treasure Coast News.
- Haslams buy $25M beachfront mansion in Florida – NEOtrans, NEOtrans.