arts
Waterfront estate of Palm Beach’s oldest resident sells for $35M months after her death
By Katherine Kallergis at The Real Deal
· June 29, 2026
· 1 min read
The estate of Jane Smith, Palm Beach’s oldest resident until her death earlier this year, sold for $35 million. The 6,700-square-foot home at 350 Island Road hit the market in March for $41 million. Smith died in February at the age of 107. A trust managed by West Palm Beach attorney Maura Ziska bou
Key takeaway The 6,700-square-foot home at 350 Island Road hit the market in March for $41 million.
Why this matters in The Miami
The sale of Jane Smith's waterfront estate for $35 million is a notable transaction in the luxury real estate market of South Florida. Although the property is located in Palm Beach, the deal has implications for Miami 's own high-end market, particularly in areas like Miami Beach and Brickell, where waterfront properties are highly prized. The fact that the estate sold for $6 million less than its initial asking price of $41 million may indicate a shift in the market, with buyers gaining more negotiating power. As Miami continues to attract wealthy buyers and investors, particularly from Latin America and the Caribbean, the city's luxury real estate market will likely be influenced by sales like this one. The all-cash deal also suggests that deep-pocketed buyers are still active in the market, which could have a ripple effect on Miami's own luxury property sales.
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 29, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? The estate of Jane Smith, Palm Beach’s oldest resident until her death earlier this year, sold for $35 million. The 6,700-square-foot home at 350 Island Road hit the market in March for $41 million. Smith died in February at the age of 107. A trust managed by West Palm Beach attorney Maura Ziska bou
When was this published? This article was first published on June 29, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Katherine Kallergis 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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