1. Brickell’s $274 Million Tower Trade
In one of the year’s largest commercial transactions, Spanish billionaire Amancio Ortega—founder of Zara—purchased the 30-story 1111 Brickell Avenue office tower (also known as the Sabadell Financial Center) for $274.4 million. His family office, Pontegadea, now owns a key piece of Miami’s financial district. The acquisition underscores enduring global confidence in Brickell’s office market despite broader industry challenges.
2. Boca Raton Multifamily Complex Sells for $124.5 Million
The Bell at Broken Sound, a 270-unit apartment community built in 2018–2019, sold to Tishman Speyer for $124.5 million. The deal—roughly $461,000 per unit—reflects steady institutional interest in South Florida’s luxury rental sector. Located within the Park at Broken Sound, the complex includes resort-style amenities and easy access to downtown Boca, helping it command top-tier pricing.
3. Dave Portnoy Buys $27.75 Million Florida Keys Estate
Barstool Sports founder Dave Portnoy added to his growing property portfolio with a $27.75 million waterfront compound in Islamorada. The 1.65-acre estate features two pools, a pizza oven, and direct dock access for deep-water yachts. The sale represents one of the Keys’ largest residential transactions of 2025—and a continued draw for celebrity buyers seeking privacy and paradise.
4. The Weeknd’s Coral Gables Mansion Nears $55 Million
R&B artist The Weeknd (Abel Tesfaye) is finalizing a deal to purchase a $54.9 million waterfront estate in Coral Gables. The property sits on a rare V-shaped peninsula with water on two sides and a private dock large enough for a 200-foot mega-yacht. With more than 19,000 square feet of living space, it’s one of Miami-Dade’s priciest residential listings this year.
5. Ketel One Founders List Oceanfront Condo for $30 Million
In Miami Beach, the Dutch family behind Ketel One vodka listed their newly renovated Faena House condo for $30 million—after spending $7 million on upgrades, including a $750,000 Italian-tile bathroom and an ocean-view panic room. Though technically a listing, the move is already drawing ultra-luxury interest, signaling robust activity in the $25-million-plus condo market along Collins Avenue.
Takeaway:
From high-rise offices to high-net-worth havens, South Florida’s top deals this week highlight a market still defined by record-setting demand, global capital, and the enduring allure of life by the water.
