As South Florida’s wealth boom draws billions in high-net-worth capital, luxury buyers and developers are snapping up everything from waterfront mansions to exclusive island penthouses.
Here’s a handful of recent deals we’ve spotted in property records:
DJ Khaled, the DJ and record producer, secured a $9 million mortgage for his waterfront Miami Beach home. Records show First Horizon Bank provided the loan for the home at 4609 Pine Tree Drive. Khaled paid $21.8 million for the 13,000-square-foot mansion in 2018. Khaled, whose real name is Khaled Mohamed Khaled, financed that purchase with a $16.3 million loan from Iberiabank.
The 1-acre property has about 105 feet of waterfront on the Indian Creek Waterway, a main house with five bedrooms, an elevator, safe room, gazebo, home theater, swimming pool and a four-bedroom guesthouse.
Last year, he had some work done to the property, including an expansion of the master closet. That makes sense: Khaled has one of the largest private sneaker collections in the world.
Private equity investor Alicia Louise Jarrett sold her penthouse on Fisher Island for $37.5 million, a steep discount off the original asking price.
Jarett’s ALJ Properties USA sold a central lower penthouse at 6800 Fisher Island Drive to 6893 Fisher Island Drive LLC, a Colorado company. The buyer is managed by Blue Spruce Capital, which is the family office for energy entrepreneur Michael Smith. Smith’s net worth is $3 billion, according to Forbes. The 9,900-square-foot, seven-bedroom condo was on the market with the Corcoran Group’s Sam Gaita. Compass agent Nancy Batchelor represented the buyer.
A company managed by developer Glenn Boyer paid $34.8 million for the half-acre lot at 50 West Di Lido Drive. The LLC secured a $39 million construction loan from Maxim Credit Group for the project. Records show the KC Property Holdings Land Trust, managed by trustee Kevin Plotkin, sold the property. The lot came with approved plans and permits for the new home and a new seawall.
Danny Hertzberg of the Jills Zeder Group at Coldwell Banker represented the buyer and seller in the off-market deal. The property was previously sold in 2024 for $27.5 million.
The latest trade marks a 26.5 percent increase in sales price. The included plans were designed by Thamann Architecture + Design. Hertzberg cited the views of downtown Miami’s skyline that the lot provides. Cody Thamann, founder of the architecture firm, said the oversized lot offers “one of the best views in Miami.”
Christian Friedland, founder and former CEO of Build.com, and his wife Melissa Friedland, paid $5.9 million for a recently completed house on the Venetian Islands. Property records show the Friedlands bought the home at 1092 North Venetian Drive in Miami. The four-bedroom, four-and-a-half-bathroom house spans 3,650 square feet and was built in 2024. It was on the market with Compass agent Silvia Boschetti. Ana Bozovic of Alfred Realty represented the buyer.
Sarah Ann Ferris and Scott Andrew Caldwell sold the non-waterfront property. The lot previously traded for $1.7 million in 2022.
Developer David Mancini paid $8.8 million for a waterfront teardown in North Bay Village, where he plans to build an 8,000-square-foot home. Mancini’s JR TIMELESS RE 1 LLC bought the house at 7500 West Treasure Drive. William Andrew Cunningham of the Starboard Group at One Sotheby’s International Realty represented the buyer, while Jessica Bzan and Marcus Abif of the Diamond Team at Keller Williams represented the seller. Records show Shahab and Maryam Mahidashtizad sold the property.
Mancini could sell the completed mansion, or operate it as a luxury vacation rental. The 0.4-acre lot has 128 feet of frontage on Biscayne Bay.
A number of major mixed-use projects are planned or under construction in North Bay Village.
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