Dutch Investment Firm Acquires Miami Complex for $110M
Key Takeaways
- •Breevast U.S. acquired Miami multifamily complex for $110 million from Fifield Companies.
- •Fisher Island condo at Palazzo Del Sol sold for $26.7 million to trust buyer.
- •Grove Point Capital's John Civantos sold Miami mansion for $23 million.
Dutch investment firm Breevast U.S. completed the acquisition of a Miami multifamily complex for just under $110 million, marking one of South Florida's largest commercial real estate transactions in recent weeks. The eight-story building at 19401 West Dixie Highway contains 266 residential units and was constructed in 2024.
Chicago-based Fifield Companies served as the seller in the transaction, which calculates to roughly $414,000 per apartment unit. The deal reflects continued international investor interest in South Florida's rental housing market, particularly in newly constructed properties.
The residential market also generated significant activity, with Fisher Island recording the region's highest-priced home sale. A condominium at Palazzo Del Sol, located at 7085 Fisher Island, traded for $26.7 million. The 7,600-square-foot unit features five bedrooms, five bathrooms, and two half bathrooms.
Dora Puig with Luxe Living Realty represented the seller, Vicalnic Corp., while Roberta Capua Tazzini with BHHS EWM Realty brought the buyer, identified as a trust. The property had previously sold for $13 million in 2018 and was most recently listed at $28.9 million.
Another notable residential transaction occurred in Miami's Grove area, where a mansion at 3090 Munroe Drive sold for $23 million. John Civantos, managing partner of Grove Point Capital, sold the nearly 9,000-square-foot property to a trust. Built in 2003, the five-bedroom, six-bathroom home last changed hands in 2017 for $6.4 million, representing significant appreciation over the seven-year period.
In Jupiter, Arthur and Regina Samuels completed the sale of their estate at 5900 Pennock Point Road for $18.3 million. The buyers, represented by an LLC managed by Brian Grossman, acquired the 2.5-acre property featuring a 6,600-square-foot home with five bedrooms and five bathrooms. Scott Diament with Provident Realty of South Florida and Robert Bruce Thomson of Waterfront Properties & Club Communities handled the listing, with Thomson also representing the purchasing party.
