arts
South Florida’s top deals: Double Venetian Islands property trade for $33M
By Mary Diduch, Veronica Udell at The Real Deal
· July 16, 2026
· 1 min read
🏆 Residential: The top recorded home sale was in Miami Beach, where a trust parted with the two neighboring, waterfront properties at 617 and 625 East Dilido Drive on the Venetian Islands for $33 million. The buyer was Leet House 4 LLC. One home spans about 5,000 square feet while the other measure
Key takeaway 🏆 Commercial: The warehouse at 1143 West Newport Center Drive in Deerfield Beach sold for $10.
Why this matters in The Miami
The recent sale of two neighboring waterfront properties on the Venetian Islands for $33 million reflects the ongoing demand for luxury residential properties in Miami Beach. The fact that these homes, built in the 1940s, sit on a total of 0.7 acres of land underscores the value of scarce waterfront property in the area. As a major hub for Latin American and Caribbean communities, Miami's luxury real estate market continues to attract high-end buyers. The sale of these properties, with their combined 9,400 square feet of living space, will likely have a ripple effect on the local market, potentially driving up prices for similar properties in the area. Additionally, the transaction may also impact the character of the Venetian Islands, a unique and historic neighborhood in Miami Beach, as new owners and potential renovations become part of the community.
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: July 16, 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 top recorded home sale was in Miami Beach, where a trust parted with the two neighboring, waterfront properties at 617 and 625 East Dilido Drive on the Venetian Islands for $33 million. The buyer was Leet House 4 LLC. One home spans about 5,000 square feet while the other measure
When was this published? This article was first published on July 16, 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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