arts
South Florida’s top deals: Edgewater development site trades for $43M
By Mary Diduch, Veronica Udell at The Real Deal
· June 18, 2026
· 1 min read
🏆 Residential: The priciest recorded home sale was in Palm Beach for a new home at 239 Wells Road for $12 million. The seller was 239 Wells Road LLC and Morning Dew LLC was the buyer. The home has five bedrooms with seven full baths and two half baths. Spanning about 5,700 square feet, the price pe
Key takeaway The seller was 239 Wells Road LLC and Morning Dew LLC was the buyer.
Why this matters in The Miami
The recent sale of a development site in Edgewater for $43 million is a significant transaction in Miami 's thriving real estate market. This deal is particularly notable given Edgewater's rapid transformation into a hub for residential and commercial activity. As the area continues to attract developers and investors, the impact on local neighborhoods and infrastructure will be worth watching. The Edgewater site's proximity to other vibrant neighborhoods like Wynwood and Miami Beach also raises questions about how new development will be integrated into the existing fabric of the community. With Miami's reputation as a major hub for Latin American and Caribbean communities, it will be interesting to see how this new development reflects and serves the diverse needs of the local population. As the city moves forward with new projects, balancing growth with the needs of long-time residents and addressing concerns around sea-level rise and flooding will be crucial.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 18, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? 🏆 Residential: The priciest recorded home sale was in Palm Beach for a new home at 239 Wells Road for $12 million. The seller was 239 Wells Road LLC and Morning Dew LLC was the buyer. The home has five bedrooms with seven full baths and two half baths. Spanning about 5,700 square feet, the price pe
When was this published? This article was first published on June 18, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Mary Diduch, Veronica Udell at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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