Tequesta Waterfront Home Fetches Record $13.8 Million Sale

A luxury waterfront property in Tequesta has sold for $13.8 million, representing approximately $1,800 per square foot and highlighting the strength of South Florida's premium residential market.

Quintynn and Cassandra Botha acquired the 7,500-square-foot estate at 19020 Point Drive from an LLC managed by William E. Burford. The transaction generated substantial returns for the seller, who had purchased the property in 2025 for $11.5 million. Built in 2001, the five-bedroom, five-and-a-half-bathroom home showcases the enduring appeal of Tequesta's waterfront real estate.

Rob Thomson with Waterfront Properties & Club Communities represented the seller, while Dylan Snyder with Compass brought the buyers to the transaction.

Commercial activity remained robust across the region. The Silverman Group, based in Basking Ridge, New Jersey, acquired two industrial properties in Riviera Beach for $34 million. The buildings at 1701 and 2001 Australian Avenue encompass 180,000 square feet, with the 1701 location fully leased. CBRE facilitated the sale from an affiliate LLC of Realterm Logistics Income Properties LP, headquartered in Annapolis, Maryland.

Homebuilder D.R. Horton expanded its South Florida footprint by purchasing the Aspen Estates development site in Miami-Dade County for $16.9 million. The acquisition from M Aspen Homestead LLC, managed by Douglas Caraballo, includes 97 single-family home lots, positioning the national builder for future residential development.

In Miami's industrial sector, Neology paid $15 million for a one-acre vacant lot at 1000 Northwest 23rd Street. The Rubell family, known for their art collection, sold the property after acquiring it in 2021 for $5.4 million. Plans call for a 21-story tower on the site, reflecting Miami's continued vertical development momentum.

Retail investment activity centered on Boynton Beach, where Publix-affiliated entities purchased the Aberdeen Square shopping center for $24 million. The grocery chain acquired the two-building complex spanning approximately 71,000 square feet at 4966 Le Chalet Boulevard from Boston-based Longpoint. Publix anchors the retail center, securing its operational presence in the market.

Residential luxury sales continued in Fort Lauderdale, where Charles J. Koch and his wife Kathleen C. Koch sold their waterfront home at 3 Isla Bahia Drive for $9.3 million. The 6,700-square-foot property features five bedrooms and seven bathrooms. Sheryl Hodor with Compass listed the property, while Heather Lefka with Florida Luxurious Properties represented the buyer, Sibchau V LLC.