arts
South Florida’s top deals: Palm Beach home trades for $35M
By Mary Diduch at The Real Deal
· June 30, 2026
· 1 min read
🏆 Residential: A Palm Beach home was the highest-priced recorded residential sale in South Florida. A trust dropped $35 million on a more than 5,700-square-foot property at 350 Island Road. The sellers were Walter, Clifton and Janet Teagle and Serena and Alexander Keith. The sale breaks down to $6,
Key takeaway A trust dropped $35 million on a more than 5,700-square-foot property at 350 Island Road.
Why this matters in The Miami
The recent sale of a Palm Beach home for $35 million reflects the ongoing demand for luxury properties in South Florida. This transaction, which breaks down to $6,100 per square foot, is a notable example of the high-end market's strength in the region. As Miami and its surrounding areas continue to attract affluent buyers, the local economy is likely to benefit from the influx of wealth. However, this trend also raises concerns about affordability and accessibility for long-time residents, particularly in neighborhoods like Little Havana and Wynwood, where gentrification is already a pressing issue. The fact that a trust was the buyer in this case may also suggest that investment firms are increasingly eyeing South Florida's luxury market, which could have implications for the local real estate landscape and the character of its communities.
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 .
For the complete original report, visit The Real Deal . Have a tip or correction? Contact our newsroom .
Category: arts ·
Published: June 30, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? 🏆 Residential: A Palm Beach home was the highest-priced recorded residential sale in South Florida. A trust dropped $35 million on a more than 5,700-square-foot property at 350 Island Road. The sellers were Walter, Clifton and Janet Teagle and Serena and Alexander Keith. The sale breaks down to $6,
When was this published? This article was first published on June 30, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Mary Diduch 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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