arts
South Florida’s top deals: Palm Beach property trades for $39M
By The Real Deal
· June 26, 2026
· 1 min read
🏆 Residential: The top residential sale to hit records was in Palm Beach at 690 Island Drive for $39.2 million. A trust was the seller and the buyer was 690 Island Drive LLC. The lakefront home last sold in 2025 for $33 million. Christian Angle with Christian Angle Real Estate handled the listing.
Key takeaway A trust was the seller and the buyer was 690 Island Drive LLC.
Why this matters in The Miami
The recent sale of a Palm Beach lakefront home for $39.2 million and a Miami commercial property for $8.5 million reflects the ongoing demand for high-end properties in South Florida. In Miami, the sale of the commercial property at 10 Southeast First Avenue, in the heart of the city, may have implications for the surrounding neighborhoods, such as Brickell and Little Havana, which are already experiencing significant development and growth. The fact that the seller had owned the site since 2009 suggests that long-term investors are still finding value in Miami's commercial market. As the area continues to attract businesses and residents, it will be worth watching how these sales impact the local economy and community, particularly in terms of job creation and urban planning. The influx of new investments and developments may also raise concerns about affordability and gentrification in these neighborhoods.
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 26, 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 residential sale to hit records was in Palm Beach at 690 Island Drive for $39.2 million. A trust was the seller and the buyer was 690 Island Drive LLC. The lakefront home last sold in 2025 for $33 million. Christian Angle with Christian Angle Real Estate handled the listing.
When was this published? This article was first published on June 26, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by 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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