PB condo prices spike: but there's still waterfront in Broward - Real Estate Home Sales

South Florida CEO, Sept, 2002

* Cape Florida on Key Biscayne: Joao and Ana Maria Reinhard paid $3.39 million for a 20,900-square-foot home in Key Biscayne, at 100 Knollwood Dr. on Cape Florida. The six-bedroom, six-bath, two-story house, which sold for $521 per square foot, was owned by Jose R. and Maria Elena Rodriguez.

* La Gorce Island: Luxury homebuilder John Turchin sold a recently renovated and expanded house on Miami Beach's La Gorce Island, at 68 La Gorce Circle, for $4 million. The 6,190-square-foot home, with six bedrooms and seven bathrooms, was purchased by Turchin's firm, 4452 Investments Inc., for $1.43 million in October 2000. At the time, the 19,095-square-foot site held a 4,845-square-foot home. The buyer this time was VRPB Family Trust, Victor Minca, trustee.

* Hollywood Oceanfront: One of the few oceanfront homes in Hollywood sold for $1.4 million to Asuman Polat. Polat purchased the 3,079-square-foot house ($435 per square foot) from a corporation named after the home's address -- 4200 N. Surf Road LLC. The company (whose principals are Charles R. Price and Jamee Stein) paid $1.28 million for the house in June of this year.

* Fort Lauderdale Intracoastal: Co-trustees Rampa R. and Thomas D. Hormel paid $1.08 million ($306 per square foot) for a 3,527-square-foot house on the Intracoastal Waterway, at 5410 NE 33rd Ave. in Fort Lauderdale. Sellers Christian and Maibritt Haar paid $775,000 for the house in 1999.

* Lighthouse Point: In Lighthouse Point, a 4,782-square-foot house on the Intracoastal sold for $1.01 million ($211 per square foot) to Nicholas and Rose Marks. The house, at 3000 NE 51st Street, was purchased for $852,000 in 1992, and has been in foreclosure proceedings three times.

* Palm Beach Mansion: For $13.96 million, Frank and Maureen Wilkins purchased a 7,947-square-foot house ($1,757 per square foot) on the Atlantic Ocean in Palm Beach. Casey Cowell of Chicago last purchased the home, at 1491 N. Ocean Blvd., for $9.5 million in February 1999.

* Oceanfront in Palm Beach: Former Toys R' Us chairman Charles P. Lazarus paid $5.38 million ($1,745 per square foot) for a 3,080-square-foot condominium in Two North Breakers Row in Palm Beach. The three-bedroom, three-bath unit was purchased in 1999 for $4.3 million by Norman and Nassrine Traverse.

* II Lugano: In spite of recent controversy about sales of some of its units, the newly rebuilt II Lugano continues to set record prices for sales. The Related Cos. New York's Stephen M. Ross (one of Jorge Perez's CityPlace partners) paid $6.36 million for one unit. Car dealer Robert S. Cuilo paid $6.45 million for another unit. The seller on both was CSC Palm Beach Ltd. (Adam Schlesinger is president of CSC).