ESTATE SECTION

Q4 Summary: Single Family Homes: Estate Section

The Estate Section had another slow quarter of transactions, selling just two properties in Q4 2022. This was down -75% compared to Q4 of 2021. In Q4 2022, PPSF was up +23% YOY for non-waterfront sales. There were no waterfront sales in the Estate Section during this period.

Single Family Homes

The Estate Section comprises all residences south of Worth Avenue to Sloans Curve. It is renowned for its opulent residencies and exclusive social clubs including The Everglades Club, Bath and Tennis Club, and Mar-a-Lago.

Most Recent Estate Section Sales

Single Family Homes Transactions: Estate Section

2022 closed out the year with a total of 18 single family home transactions. This was -50% to -70% below the transaction volume we saw in 2020 and 2021, but on par with pre-2020 levels of Estate Section transaction volume.

Single Family Homes Price Per SF: Estate Section

PPSF: Home Size was up +36% YOY. Waterfront PPSF: Home Size was up +24% YOY ($3,810 to $4,716), compared to non-waterfront PPSF: Home Size, which was up +45% YOY ($2,411 to $3,492).

Single Family Homes Total Sales Value: Estate Section

Total annual sales value on estate section properties was just above $580M in 2022. This was a -56% decline from 2021 total sales value.

Single Family Home Average Sale Price: Estate Section

Average sale price was up +48% YOY from $21.8M (2021) to $32.3M (2022).