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    Purchase Demand Lifts Mortgage Applications as Rates Reach Four-Week High

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Florida Real Estate Market

South Florida Luxury Real Estate Market Heats Up with High-Profile Deals

June 5, 2026
Luxury mansion with pool in South Florida.
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South Florida’s luxury real estate market is experiencing a surge in high-value transactions, attracting notable buyers and sellers. Recent weeks have seen significant deals across Palm Beach and Miami Beach, highlighting the region’s continued appeal to the affluent.

Key Takeaways

  • A nearly 9,000-square-foot mansion in Palm Beach fetched $43.3 million.
  • Prominent figures like The Swan Group’s co-CEO and MSCI’s CEO were among the buyers.
  • Waterfront properties in Miami Beach also saw substantial sales, including a home previously owned by a Broadway legend.

Palm Beach Mansion Sells for Over $43 Million

The most significant residential sale recorded in South Florida was a sprawling mansion in Palm Beach, located at 115 Via La Selva. The nearly 9,000-square-foot estate changed hands for $43.3 million. The sellers were a trust associated with Philip and Catherine Korsant, who had purchased the property in 2017 for $14 million. The buyer has been identified as Thomas Swan, co-CEO and director of The Swan Group. Built in 1928, the luxurious home features eight bedrooms, nine bathrooms, a gym, a pool, and a guest house on a 0.8-acre lot.

Miami Beach Waterfront Properties Draw Big Names

Miami Beach continues to be a hotbed for luxury real estate. Actor and director Daisy Chaplin sold her 9,000-square-foot waterfront home at 6000 North Bay Road for $31.5 million. This property was formerly owned by her late father, the renowned Broadway director and producer Harold Prince. The mansion boasts eight bedrooms and eight and a half bathrooms.

In another notable North Bay Road transaction, Keith Menin, co-founder of Menin Hospitality, sold a 5,000-square-foot waterfront residence at 5300 North Bay Road for $27 million. The property, which includes a guest house, was purchased by a trust. Menin had acquired this home in 2024 for $16.1 million.

Other Notable Transactions

Entrepreneurs Duncan and Renea Dayton sold their Miami Beach home at 302 West San Marino Drive for $11.3 million to an LLC linked to Thomas Boixel, founder and CEO of Boixel Investments. The 3,200-square-foot home features three bedrooms and three and a half bathrooms.

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Further north, a condo at Fort Partners’ Seaway at the Surf Club in Surfside sold for $27.1 million, representing a significant price per square foot for the area. On the commercial front, an industrial property at 1600 Northwest 165th Street in Miami sold for just over $17 million. Additionally, art collectors Ian and Serge Krawiecki Gazes sold a Miami mansion for $15 million.

Sources

  • South Florida Top Real Estate Deals: June 3, 2026, The Real Deal.
  • Henry Fernandez of MSCI buys Palm Beach home, The Business Journals.
  • South Florida Top Real Estate Deals: June 1, 2026, The Real Deal.

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