arts
South Florida’s top deals: Estate tied to late prince parts with Palm Beach property for $32M
By Mary Diduch at The Real Deal
· July 14, 2026
· 1 min read
🏆 Residential: The highest-priced home sale to hit records was in Miami Beach, where the waterfront home at 416 West San Marino Drive on the Venetian Islands changed hands for $42.5 million. Built in 2025, the home spans about 6,400 square feet and has five bedrooms and eight and a half baths. It l
Key takeaway Korsant sold the home to 416 W San Marino LLC.
Why this matters in The Miami
The recent sale of a Miami Beach waterfront home for $42.5 million is a notable transaction in the local real estate market. This property, located on the Venetian Islands, boasts impressive features, including five bedrooms and eight and a half baths, within its 6,400 square feet. The significant increase in sale price from $23.1 million in 2024 to $42.5 million now suggests a strong demand for luxury properties in Miami Beach. As a hub for Latin American and Caribbean communities, Miami's high-end real estate market often attracts international buyers, which can drive up prices. The fact that the seller, Justin Korsant, is a CEO of a Miami-based family office, Long Light Capital, also highlights the local connections and interests in these luxury deals. This sale may indicate a continued trend of growth in Miami's luxury real estate market, particularly in desirable areas like Miami Beach and the Venetian Islands.
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: July 14, 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 highest-priced home sale to hit records was in Miami Beach, where the waterfront home at 416 West San Marino Drive on the Venetian Islands changed hands for $42.5 million. Built in 2025, the home spans about 6,400 square feet and has five bedrooms and eight and a half baths. It l
When was this published? This article was first published on July 14, 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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